TEN BREEBROECK: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
TEN BREEBROECK
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€18,830
2024 · -€27,367+€8,536
Equity
€2.0m
2024 · €2.0m-€18,830
Cash
€108,281
2024 · €105,448+€2,832
Balance sheet total
€2.2m
2024 · €2.2m-€42,853
Largest movements
Assets
- Tangible fixed assets -€40,067
down €40,067 (-1.9%), from €2.1m to €2.1m
of which Land and buildings: -€45,519
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin +€9,799
up €9,799 (+33.9%), from €28,947 to €38,745
- Depreciation +€1,088
up €1,088 (+2.3%), from €47,446 to €48,533
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
-€27,367
Gross operating margin
+€9,799
Depreciation
-€1,088
Other operating charges
-€34
Financial charges
-€141
Result 2025
-€18,830
raises the resultlowers the result
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€31,298
Investment
-€8,466
Financing
-€20,000
Cash 2024
€105,448
From operations (derived)
+€31,298
Net result for the year
-€18,830
Depreciation
+€48,533
Receivables within one year
+€5,618
Trade debts
+€362
Tax, wage and social debts
+€612
Other debts
-€4,997
Investment (derived)
-€8,466
Investment in fixed assets (net)
-€8,466
Financing
-€20,000
Debts after one year
-€20,000
Cash 2025
€108,281
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,202,591 | €2,159,738 | -€42,853 | -1.9% |
| Fixed assets | 21/28 | €2,091,525 | €2,051,458 | -€40,067 | -1.9% |
| Tangible fixed assets | 22/27 | €2,091,525 | €2,051,458 | -€40,067 | -1.9% |
| Land and buildings | 22 | €2,074,553 | €2,029,033 | -€45,519 | -2.2% |
| Plant, machinery and equipment | 23 | €16,972 | €22,425 | +€5,452 | +32.1% |
| Current assets | 29/58 | €111,066 | €108,281 | -€2,786 | -2.5% |
| Amounts receivable within one year | 40/41 | €5,618 | €0 | -€5,618 | -100% |
| Trade receivables | 40 | €5,618 | €0 | -€5,618 | -100% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €105,448 | €108,281 | +€2,832 | +2.7% |
| Total equity and liabilities | 10/49 | €2,202,591 | €2,159,738 | -€42,853 | -1.9% |
| Equity | 10/15 | €2,001,030 | €1,982,200 | -€18,830 | -0.9% |
| Contributions | 10/11 | €2,002,500 | €2,002,500 | = | 0.0% |
| Capital | 10 | €2,002,500 | €2,002,500 | = | 0.0% |
| Issued capital | 100 | €2,002,500 | €2,002,500 | = | 0.0% |
| Reserves | 13 | €95,555 | €95,555 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,188 | €10,188 | = | 0.0% |
| Legal reserve | 130 | €7,644 | €7,644 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,544 | €2,544 | = | 0.0% |
| Distributable reserves | 133 | €85,367 | €85,367 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€97,025 | -€115,855 | -€18,830 | -19.4% |
| Amounts payable | 17/49 | €201,561 | €177,538 | -€24,022 | -11.9% |
| Amounts payable after more than one year | 17 | €177,900 | €157,900 | -€20,000 | -11.2% |
| Other amounts payable | 178/9 | €177,900 | €157,900 | -€20,000 | -11.2% |
| Amounts payable within one year | 42/48 | €23,172 | €19,150 | -€4,022 | -17.4% |
| Trade debts | 44 | €1,017 | €1,379 | +€362 | +35.6% |
| Suppliers | 440/4 | €1,017 | €1,379 | +€362 | +35.6% |
| Taxes, remuneration and social security | 45 | €441 | €1,053 | +€612 | +139% |
| Taxes | 450/3 | €441 | €1,053 | +€612 | +139% |
| Other amounts payable | 47/48 | €21,714 | €16,718 | -€4,997 | -23.0% |
| Accrued charges and deferred income | 492/3 | €489 | €489 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,446 | €48,533 | +€1,088 | +2.3% |
| Other operating charges | 640/8 | €8,599 | €8,634 | +€34 | +0.4% |
| Gross operating margin | 9900 | €28,947 | €38,745 | +€9,799 | +33.9% |
| Operating profit (loss) | 9901 | -€27,098 | -€18,421 | +€8,677 | +32.0% |
| Financial charges | 65/66B | €268 | €409 | +€141 | +52.4% |
| Recurring financial charges | 65 | €268 | €409 | +€141 | +52.4% |
| Profit (loss) for the period before taxes | 9903 | -€27,367 | -€18,830 | +€8,536 | +31.2% |
| Profit (loss) for the period | 9904 | -€27,367 | -€18,830 | +€8,536 | +31.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,367 | -€18,830 | +€8,536 | +31.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.