TOWNHOUSE: what changed
Two fiscal 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.
TOWNHOUSE
Largest movements
- Tangible fixed assets -€12,350
down €12,350 (-11.0%), from €112,220 to €99,869
of which Land and buildings: -€13,030
- Debts after one year -€22,000
down €22,000 (-36.7%), from €60,000 to €38,000
- Reserves +€13,369
up €13,369 (+30.8%), from €43,412 to €56,781
- Gross operating margin +€2,529
up €2,529 (+6.8%), from €37,369 to €39,898
- Financial charges -€1,533
down €1,533 (-37.3%), from €4,112 to €2,580
- Taxes +€1,062
up €1,062 (+22.2%), from €4,776 to €5,838
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.
Cash bridge derived
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €255,697 | €244,087 | -€11,610 | -4.5% |
| Fixed assets | 21/28 | €112,220 | €99,869 | -€12,350 | -11.0% |
| Tangible fixed assets | 22/27 | €112,220 | €99,869 | -€12,350 | -11.0% |
| Land and buildings | 22 | €112,220 | €99,189 | -€13,030 | -11.6% |
| Furniture and vehicles | 24 | - | €680 | +€680 | |
| Current assets | 29/58 | €143,478 | €144,218 | +€740 | +0.5% |
| Amounts receivable within one year | 40/41 | €166 | - | -€166 | |
| Other amounts receivable | 41 | €166 | - | -€166 | |
| Cash at bank and in hand | 54/58 | €142,019 | €142,789 | +€770 | +0.5% |
| Deferred charges and accrued income | 490/1 | €1,292 | €1,429 | +€136 | +10.5% |
| Total equity and liabilities | 10/49 | €255,697 | €244,087 | -€11,610 | -4.5% |
| Equity | 10/15 | €178,971 | €192,340 | +€13,369 | +7.5% |
| Contributions | 10/11 | €135,000 | €135,000 | = | 0.0% |
| Reserves | 13 | €43,412 | €56,781 | +€13,369 | +30.8% |
| Distributable reserves | 133 | €43,412 | €56,781 | +€13,369 | +30.8% |
| Profit (loss) carried forward | 14 | €559 | €559 | = | 0.0% |
| Amounts payable | 17/49 | €76,726 | €51,747 | -€24,980 | -32.6% |
| Amounts payable after more than one year | 17 | €60,000 | €38,000 | -€22,000 | -36.7% |
| Financial debts | 170/4 | €60,000 | €38,000 | -€22,000 | -36.7% |
| Amounts payable within one year | 42/48 | €12,614 | €9,446 | -€3,168 | -25.1% |
| Trade debts | 44 | €1,966 | €1,570 | -€396 | -20.2% |
| Suppliers | 440/4 | €1,966 | €1,570 | -€396 | -20.2% |
| Taxes, remuneration and social security | 45 | €7,962 | €7,188 | -€773 | -9.7% |
| Taxes | 450/3 | €6,962 | €6,188 | -€773 | -11.1% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €2,686 | €688 | -€1,998 | -74.4% |
| Accrued charges and deferred income | 492/3 | €4,112 | €4,301 | +€188 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,889 | €13,200 | +€311 | +2.4% |
| Other operating charges | 640/8 | €4,532 | €4,911 | +€379 | +8.4% |
| Gross operating margin | 9900 | €37,369 | €39,898 | +€2,529 | +6.8% |
| Operating profit (loss) | 9901 | €19,948 | €21,787 | +€1,839 | +9.2% |
| Financial charges | 65/66B | €4,112 | €2,580 | -€1,533 | -37.3% |
| Recurring financial charges | 65 | €4,112 | €2,580 | -€1,533 | -37.3% |
| Profit (loss) for the period before taxes | 9903 | €15,836 | €19,207 | +€3,371 | +21.3% |
| Income taxes | 67/77 | €4,776 | €5,838 | +€1,062 | +22.2% |
| Profit (loss) for the period | 9904 | €11,060 | €13,369 | +€2,309 | +20.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,060 | €13,369 | +€2,309 | +20.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.