V47: what changed
What changed
V47
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
-€347,200
2024 · -€37,782-€309,418
Equity
-€472,664
2024 · -€125,464-€347,200
Cash
€1,345
2024 · €14,333-€12,988
Balance sheet total
€7.6m
2024 · €7.5m+€134,524
Largest movements
Assets
- Stocks and contracts +€141,256
up €141,256 (+1.9%), from €7.5m to €7.6m
Equity and liabilities
- Profit (loss) carried forward -€347,200
down €347,200 (-154%), from -€225,464 to -€572,664
- Other debts +€344,723
up €344,723 (+16.7%), from €2.1m to €2.4m
- Debts after one year +€335,496
up €335,496 (+6.6%), from €5.1m to €5.4m
- Trade debts -€198,496
down €198,496 (-46.9%), from €422,931 to €224,435
Income statement
- Gross operating margin -€387,264
down €387,264, from €350,573 to -€36,691
- Financial charges -€75,836
down €75,836 (-19.7%), from €385,104 to €309,268
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
-€37,782
Gross operating margin
-€387,264
Depreciation
+€534
Other operating charges
+€1,476
Financial charges
+€75,836
Result 2025
-€347,200
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
-€348,485
Investment
€0
Financing
+€335,496
Cash 2024
€14,333
From operations (derived)
-€348,485
Net result for the year
-€347,200
Stocks and contracts
-€141,256
Receivables within one year
-€4,739
Deferred charges and accrued income
-€1,517
Trade debts
-€198,496
Other debts
+€344,723
Financing
+€335,496
Debts after one year
+€335,496
Contributions, distributions and other
+€0
Cash 2025
€1,345
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,466,048 | €7,600,571 | +€134,524 | +1.8% |
| Current assets | 29/58 | €7,466,048 | €7,600,571 | +€134,524 | +1.8% |
| Stocks and contracts in progress | 3 | €7,450,623 | €7,591,879 | +€141,256 | +1.9% |
| Stocks | 30/36 | €7,450,623 | €7,591,879 | +€141,256 | +1.9% |
| Amounts receivable within one year | 40/41 | €1,091 | €5,830 | +€4,739 | +434% |
| Trade receivables | 40 | €66 | €2,557 | +€2,491 | +3,767% |
| Other amounts receivable | 41 | €1,025 | €3,273 | +€2,248 | +219% |
| Cash at bank and in hand | 54/58 | €14,333 | €1,345 | -€12,988 | -90.6% |
| Deferred charges and accrued income | 490/1 | - | €1,517 | +€1,517 | |
| Total equity and liabilities | 10/49 | €7,466,048 | €7,600,571 | +€134,524 | +1.8% |
| Equity | 10/15 | -€125,464 | -€472,664 | -€347,200 | -277% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€225,464 | -€572,664 | -€347,200 | -154% |
| Amounts payable | 17/49 | €7,591,512 | €8,073,235 | +€481,723 | +6.3% |
| Amounts payable after more than one year | 17 | €5,100,000 | €5,435,496 | +€335,496 | +6.6% |
| Financial debts | 170/4 | €5,100,000 | €5,435,496 | +€335,496 | +6.6% |
| Amounts payable within one year | 42/48 | €2,491,512 | €2,637,739 | +€146,227 | +5.9% |
| Trade debts | 44 | €422,931 | €224,435 | -€198,496 | -46.9% |
| Suppliers | 440/4 | €422,931 | €224,435 | -€198,496 | -46.9% |
| Other amounts payable | 47/48 | €2,068,581 | €2,413,304 | +€344,723 | +16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €534 | - | -€534 | |
| Other operating charges | 640/8 | €2,717 | €1,241 | -€1,476 | -54.3% |
| Gross operating margin | 9900 | €350,573 | -€36,691 | -€387,264 | |
| Operating profit (loss) | 9901 | €347,322 | -€37,932 | -€385,254 | |
| Financial charges | 65/66B | €385,104 | €309,268 | -€75,836 | -19.7% |
| Recurring financial charges | 65 | €385,104 | €309,268 | -€75,836 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | -€37,782 | -€347,200 | -€309,418 | -819% |
| Profit (loss) for the period | 9904 | -€37,782 | -€347,200 | -€309,418 | -819% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,782 | -€347,200 | -€309,418 | -819% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.