The Housing Experts: what changed
The Housing Experts
Largest movements
- Receivables within one year +€27,851
up €27,851 (+160%), from €17,457 to €45,308
of which Trade receivables: +€27,662
- Cash +€7,767
up €7,767 (+575%), from €1,351 to €9,118
mainly Trade debts (+€30,488) and Tax, wage and social debts (+€5,663)
- Deferred charges and accrued income -€1,349
down €1,349 (-44.2%), from €3,051 to €1,702
- Tangible fixed assets -€1,067
down €1,067 (-11.4%), from €9,336 to €8,269
of which Plant, machinery and equipment: -€809
- Trade debts +€30,488
up €30,488 (+351%), from €8,691 to €39,179
- Tax, wage and social debts +€5,663
up €5,663 (+122%), from €4,654 to €10,317
- Other debts -€2,569
down €2,569 (-94.9%), from €2,707 to €138
- Debts after one year -€1,463
down €1,463 (-27.4%), from €5,337 to €3,874
- Profit (loss) carried forward +€1,006
up €1,006 (+155%), from €647 to €1,654
- Staff costs +€48,862
up €48,862 (+76.4%), from €63,917 to €112,778
- Gross operating margin +€34,925
up €34,925 (+40.7%), from €85,735 to €120,660
- Other operating charges -€2,079
down €2,079 (-47.0%), from €4,424 to €2,345
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,423 | €64,624 | +€33,201 | +106% |
| Fixed assets | 21/28 | €9,564 | €8,496 | -€1,067 | -11.2% |
| Tangible fixed assets | 22/27 | €9,336 | €8,269 | -€1,067 | -11.4% |
| Plant, machinery and equipment | 23 | €8,368 | €7,559 | -€809 | -9.7% |
| Furniture and vehicles | 24 | €968 | €710 | -€259 | -26.7% |
| Financial fixed assets | 28 | €228 | €228 | = | 0.0% |
| Current assets | 29/58 | €21,859 | €56,128 | +€34,269 | +157% |
| Amounts receivable within one year | 40/41 | €17,457 | €45,308 | +€27,851 | +160% |
| Trade receivables | 40 | €17,358 | €45,020 | +€27,662 | +159% |
| Other amounts receivable | 41 | €99 | €288 | +€188 | +190% |
| Cash at bank and in hand | 54/58 | €1,351 | €9,118 | +€7,767 | +575% |
| Deferred charges and accrued income | 490/1 | €3,051 | €1,702 | -€1,349 | -44.2% |
| Total equity and liabilities | 10/49 | €31,423 | €64,624 | +€33,201 | +106% |
| Equity | 10/15 | €8,647 | €9,654 | +€1,006 | +11.6% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €647 | €1,654 | +€1,006 | +155% |
| Amounts payable | 17/49 | €22,776 | €54,970 | +€32,195 | +141% |
| Amounts payable after more than one year | 17 | €5,337 | €3,874 | -€1,463 | -27.4% |
| Financial debts | 170/4 | €5,337 | €3,874 | -€1,463 | -27.4% |
| Amounts payable within one year | 42/48 | €17,439 | €51,097 | +€33,658 | +193% |
| Current portion of amounts payable after more than one year | 42 | €1,387 | €1,463 | +€76 | +5.5% |
| Trade debts | 44 | €8,691 | €39,179 | +€30,488 | +351% |
| Suppliers | 440/4 | €8,691 | €39,179 | +€30,488 | +351% |
| Taxes, remuneration and social security | 45 | €4,654 | €10,317 | +€5,663 | +122% |
| Remuneration and social security | 454/9 | €4,654 | €10,317 | +€5,663 | +122% |
| Other amounts payable | 47/48 | €2,707 | €138 | -€2,569 | -94.9% |
| Remuneration, social security and pensions | 62 | €63,917 | €112,778 | +€48,862 | +76.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,525 | €2,592 | +€1,067 | +69.9% |
| Other operating charges | 640/8 | €4,424 | €2,345 | -€2,079 | -47.0% |
| Gross operating margin | 9900 | €85,735 | €120,660 | +€34,925 | +40.7% |
| Operating profit (loss) | 9901 | €15,870 | €2,945 | -€12,925 | -81.4% |
| Financial charges | 65/66B | €843 | €880 | +€36 | +4.3% |
| Recurring financial charges | 65 | €843 | €880 | +€36 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €15,026 | €2,065 | -€12,961 | -86.3% |
| Income taxes | 67/77 | - | €1,059 | +€1,059 | |
| Profit (loss) for the period | 9904 | €15,026 | €1,006 | -€14,020 | -93.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,026 | €1,006 | -€14,020 | -93.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.