V251: what changed
What changed
V251
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
-€36,545
2024 · -€7,290-€29,255
Equity
-€57,341
2024 · -€20,797-€36,545
Cash
€1,645
2024 · €42,250-€40,606
Balance sheet total
€815,223
2024 · €508,208+€307,015
Largest movements
Assets
- Stocks and contracts +€333,790
up €333,790 (+76.9%), from €434,248 to €768,038
- Cash -€40,606
down €40,606 (-96.1%), from €42,250 to €1,645
mainly Stocks and contracts (-€333,790) and Net result for the year (-€36,545)
- Receivables within one year +€10,568
up €10,568 (+966%), from €1,094 to €11,661
Equity and liabilities
- Trade debts +€195,769
up €195,769 (+772%), from €25,354 to €221,123
- Other debts +€147,351
up €147,351 (+29.3%), from €503,639 to €650,990
- Profit (loss) carried forward -€36,545
down €36,545 (-89.6%), from -€40,797 to -€77,341
Income statement
- Gross operating margin -€27,911
down €27,911 (-555%), from -€5,033 to -€32,944
- Depreciation +€1,442
up €1,442 (+92.7%), from €1,555 to €2,997
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
-€7,290
Gross operating margin
-€27,911
Depreciation
-€1,442
Other operating charges
+€4
Financial income
+€100
Financial charges
-€6
Result 2025
-€36,545
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
-€34,680
Investment
-€5,936
Financing
+€10
Cash 2024
€42,250
From operations (derived)
-€34,680
Net result for the year
-€36,545
Depreciation
+€2,997
Stocks and contracts
-€333,790
Receivables within one year
-€10,568
Smaller working-capital items
+€105
Trade debts
+€195,769
Other debts
+€147,351
Investment (derived)
-€5,936
Investment in fixed assets (net)
-€5,936
Financing
+€10
Short-term financial debts
+€10
Cash 2025
€1,645
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €508,208 | €815,223 | +€307,015 | +60.4% |
| Fixed assets | 21/28 | €30,616 | €33,555 | +€2,939 | +9.6% |
| Tangible fixed assets | 22/27 | €30,616 | €33,555 | +€2,939 | +9.6% |
| Land and buildings | 22 | €25,756 | €25,016 | -€739 | -2.9% |
| Furniture and vehicles | 24 | €4,860 | €8,538 | +€3,678 | +75.7% |
| Current assets | 29/58 | €477,592 | €781,668 | +€304,076 | +63.7% |
| Stocks and contracts in progress | 3 | €434,248 | €768,038 | +€333,790 | +76.9% |
| Stocks | 30/36 | €434,248 | €768,038 | +€333,790 | +76.9% |
| Amounts receivable within one year | 40/41 | €1,094 | €11,661 | +€10,568 | +966% |
| Other amounts receivable | 41 | €1,094 | €11,661 | +€10,568 | +966% |
| Cash at bank and in hand | 54/58 | €42,250 | €1,645 | -€40,606 | -96.1% |
| Deferred charges and accrued income | 490/1 | - | €325 | +€325 | |
| Total equity and liabilities | 10/49 | €508,208 | €815,223 | +€307,015 | +60.4% |
| Equity | 10/15 | -€20,797 | -€57,341 | -€36,545 | -176% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,797 | -€77,341 | -€36,545 | -89.6% |
| Amounts payable | 17/49 | €529,005 | €872,564 | +€343,559 | +64.9% |
| Amounts payable within one year | 42/48 | €528,993 | €872,553 | +€343,559 | +64.9% |
| Financial debts | 43 | - | €10 | +€10 | |
| Credit institutions | 430/8 | - | €10 | +€10 | |
| Trade debts | 44 | €25,354 | €221,123 | +€195,769 | +772% |
| Suppliers | 440/4 | €25,354 | €221,123 | +€195,769 | +772% |
| Taxes, remuneration and social security | 45 | - | €430 | +€430 | |
| Taxes | 450/3 | - | €430 | +€430 | |
| Other amounts payable | 47/48 | €503,639 | €650,990 | +€147,351 | +29.3% |
| Accrued charges and deferred income | 492/3 | €12 | €12 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,555 | €2,997 | +€1,442 | +92.7% |
| Other operating charges | 640/8 | €434 | €431 | -€4 | -0.9% |
| Gross operating margin | 9900 | -€5,033 | -€32,944 | -€27,911 | -555% |
| Operating profit (loss) | 9901 | -€7,023 | -€36,372 | -€29,349 | -418% |
| Financial income | 75/76B | - | €100 | +€100 | |
| Recurring financial income | 75 | - | €100 | +€100 | |
| Financial charges | 65/66B | €267 | €273 | +€6 | +2.2% |
| Recurring financial charges | 65 | €267 | €273 | +€6 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,290 | -€36,545 | -€29,255 | -401% |
| Profit (loss) for the period | 9904 | -€7,290 | -€36,545 | -€29,255 | -401% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,290 | -€36,545 | -€29,255 | -401% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.