Treize Real Estate: what changed
What changed
Treize Real Estate
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
€62,700
2024 · €48,786+€13,915
Equity
€898,747
2024 · €836,046+€62,700
Cash
€14,517
2024 · €51,832-€37,315
Balance sheet total
€1.7m
2024 · €1.9m-€226,921
Largest movements
Assets
- Current investments -€110,000
down €110,000 (-100%), from €110,000 to €0
- Tangible fixed assets -€62,903
down €62,903 (-3.7%), from €1.7m to €1.7m
- Cash -€37,315
down €37,315 (-72.0%), from €51,832 to €14,517
mainly Short-term financial debts (-€133,333) and Other debts (-€93,466)
Equity and liabilities
- Short-term financial debts -€133,333
down €133,333 (-33.3%), from €400,000 to €266,667
- Other debts -€93,466
down €93,466 (-15.1%), from €620,651 to €527,185
- Reserves +€62,700
up €62,700 (+9.9%), from €636,046 to €698,747
of which Distributable reserves: +€62,700
- Accrued charges and deferred income -€53,873
down €53,873 (-70.3%), from €76,647 to €22,773
Income statement
- Financial charges -€14,792
down €14,792 (-24.7%), from €59,862 to €45,070
- Taxes +€4,638
up €4,638 (+27.2%), from €17,062 to €21,700
- Financial income +€2,426
up €2,426 (+929%), from €261 to €2,687
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.
Result 2024
€48,786
Turnover
+€1,520
Other operating income
+€756
Services and other goods
-€402
Other operating charges
-€539
Financial income
+€2,426
Financial charges
+€14,792
Taxes
-€4,638
Result 2025
€62,700
raises the resultlowers the result
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.
From operations
-€13,982
Investment
+€110,000
Financing
-€133,333
Cash 2024
€51,832
From operations (derived)
-€13,982
Net result for the year
+€62,700
Depreciation
+€62,903
Receivables within one year
+€16,702
Tax, wage and social debts
-€8,948
Other debts
-€93,466
Accrued charges and deferred income
-€53,873
Investment (derived)
+€110,000
Current investments
+€110,000
Financing
-€133,333
Short-term financial debts
-€133,333
Cash 2025
€14,517
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,948,849 | €1,721,928 | -€226,921 | -11.6% |
| Fixed assets | 21/28 | €1,718,379 | €1,655,476 | -€62,903 | -3.7% |
| Tangible fixed assets | 22/27 | €1,718,379 | €1,655,476 | -€62,903 | -3.7% |
| Land and buildings | 22 | €1,718,379 | €1,655,476 | -€62,903 | -3.7% |
| Current assets | 29/58 | €230,470 | €66,452 | -€164,018 | -71.2% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €68,637 | €51,935 | -€16,702 | -24.3% |
| Trade receivables | 40 | €60,621 | €0 | -€60,621 | -100% |
| Other amounts receivable | 41 | €8,016 | €51,935 | +€43,919 | +548% |
| Current investments | 50/53 | €110,000 | €0 | -€110,000 | -100% |
| Other investments | 51/53 | €110,000 | €0 | -€110,000 | -100% |
| Cash at bank and in hand | 54/58 | €51,832 | €14,517 | -€37,315 | -72.0% |
| Total equity and liabilities | 10/49 | €1,948,849 | €1,721,928 | -€226,921 | -11.6% |
| Equity | 10/15 | €836,046 | €898,747 | +€62,700 | +7.5% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €636,046 | €698,747 | +€62,700 | +9.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €636,046 | €698,747 | +€62,700 | +9.9% |
| Amounts payable | 17/49 | €1,112,802 | €823,181 | -€289,621 | -26.0% |
| Amounts payable within one year | 42/48 | €1,036,155 | €800,408 | -€235,747 | -22.8% |
| Financial debts | 43 | €400,000 | €266,667 | -€133,333 | -33.3% |
| Credit institutions | 430/8 | €400,000 | €266,667 | -€133,333 | -33.3% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €15,504 | €6,556 | -€8,948 | -57.7% |
| Taxes | 450/3 | €15,504 | €6,556 | -€8,948 | -57.7% |
| Other amounts payable | 47/48 | €620,651 | €527,185 | -€93,466 | -15.1% |
| Accrued charges and deferred income | 492/3 | €76,647 | €22,773 | -€53,873 | -70.3% |
| Operating income | 70/76A | €222,981 | €225,256 | +€2,276 | +1.0% |
| Turnover | 70 | €198,880 | €200,400 | +€1,520 | +0.8% |
| Other operating income | 74 | €24,100 | €24,856 | +€756 | +3.1% |
| Operating charges | 60/66A | €97,532 | €98,473 | +€941 | +1.0% |
| Services and other goods | 61 | €9,314 | €9,715 | +€402 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,903 | €62,903 | = | 0.0% |
| Other operating charges | 640/8 | €25,315 | €25,855 | +€539 | +2.1% |
| Operating profit (loss) | 9901 | €125,449 | €126,783 | +€1,334 | +1.1% |
| Financial income | 75/76B | €261 | €2,687 | +€2,426 | +929% |
| Recurring financial income | 75 | €261 | €2,687 | +€2,426 | +929% |
| Income from current assets | 751 | €261 | €2,687 | +€2,426 | +929% |
| Financial charges | 65/66B | €59,862 | €45,070 | -€14,792 | -24.7% |
| Recurring financial charges | 65 | €59,862 | €45,070 | -€14,792 | -24.7% |
| Debt charges | 650 | €59,789 | €44,983 | -€14,806 | -24.8% |
| Other financial charges | 652/9 | €74 | €87 | +€13 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | €65,848 | €84,400 | +€18,553 | +28.2% |
| Income taxes | 67/77 | €17,062 | €21,700 | +€4,638 | +27.2% |
| Taxes | 670/3 | €17,062 | €21,700 | +€4,638 | +27.2% |
| Profit (loss) for the period | 9904 | €48,786 | €62,700 | +€13,915 | +28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €48,786 | €62,700 | +€13,915 | +28.5% |
Next steps
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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 2 November 2026 via checked.be.