VAN MELKEBEKE: what changed
Two financial 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.
What changed
VAN MELKEBEKE
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€30,246
2024 · -€28,981-€1,266
Equity
€513,515
2024 · €543,762-€30,246
Cash
€21,789
2024 · €37,352-€15,563
Balance sheet total
€1.2m
2024 · €1.2m-€48,652
Largest movements
Assets
- Tangible fixed assets -€33,298
down €33,298 (-3.3%), from €1.0m to €978,175
- Cash -€15,563
down €15,563 (-41.7%), from €37,352 to €21,789
mainly Net result for the year (-€30,246) and Investment in fixed assets (net) (-€26,633)
Equity and liabilities
- Profit (loss) carried forward -€28,302
down €28,302 (-21.0%), from -€135,005 to -€163,307
- Debts after one year -€15,596
down €15,596 (-2.5%), from €623,345 to €607,750
of which Financial debts: -€23,210
Income statement
- Other operating charges +€4,166
up €4,166 (+25.8%), from €16,144 to €20,310
- Financial income -€3,121
down €3,121 (-54.1%), from €5,774 to €2,652
- Financial charges -€3,029
down €3,029 (-8.3%), from €36,411 to €33,382
- Gross operating margin +€2,727
up €2,727 (+3.5%), from €76,996 to €79,723
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.
Result 2024
-€28,981
Gross operating margin
+€2,727
Depreciation
+€307
Other operating charges
-€4,166
Financial income
-€3,121
Financial charges
+€3,029
Deferred taxes and other
-€42
Result 2025
-€30,246
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€26,165
Investment
-€26,409
Financing
-€15,319
Cash 2024
€37,352
From operations (derived)
+€26,165
Net result for the year
-€30,246
Depreciation
+€59,931
Receivables within one year
-€432
Smaller working-capital items
+€78
Provisions
-€1,001
Tax, wage and social debts
-€2,165
Investment (derived)
-€26,409
Investment in fixed assets (net)
-€26,633
Current investments
+€225
Financing
-€15,319
Debts after one year
-€15,596
Current portion of long-term debt
+€277
Cash 2025
€21,789
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,231,079 | €1,182,427 | -€48,652 | -4.0% |
| Fixed assets | 21/28 | €1,011,473 | €978,175 | -€33,298 | -3.3% |
| Tangible fixed assets | 22/27 | €1,011,473 | €978,175 | -€33,298 | -3.3% |
| Land and buildings | 22 | €1,011,473 | €978,175 | -€33,298 | -3.3% |
| Current assets | 29/58 | €219,606 | €204,252 | -€15,354 | -7.0% |
| Amounts receivable within one year | 40/41 | €29,431 | €29,863 | +€432 | +1.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €29,431 | €29,863 | +€432 | +1.5% |
| Current investments | 50/53 | €150,000 | €149,775 | -€225 | -0.1% |
| Cash at bank and in hand | 54/58 | €37,352 | €21,789 | -€15,563 | -41.7% |
| Deferred charges and accrued income | 490/1 | €2,823 | €2,825 | +€2 | +0.1% |
| Total equity and liabilities | 10/49 | €1,231,079 | €1,182,427 | -€48,652 | -4.0% |
| Equity | 10/15 | €543,762 | €513,515 | -€30,246 | -5.6% |
| Contributions | 10/11 | €482,404 | €482,404 | = | 0.0% |
| Capital | 10 | €482,404 | €482,404 | = | 0.0% |
| Issued capital | 100 | €482,404 | €482,404 | = | 0.0% |
| Reserves | 13 | €196,363 | €194,418 | -€1,945 | -1.0% |
| Non-distributable reserves | 130/1 | €14,992 | €14,992 | = | 0.0% |
| Legal reserve | 130 | €7,814 | €7,814 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,178 | €7,178 | = | 0.0% |
| Tax-exempt reserves | 132 | €46,904 | €44,959 | -€1,945 | -4.1% |
| Distributable reserves | 133 | €134,467 | €134,467 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€135,005 | -€163,307 | -€28,302 | -21.0% |
| Provisions and deferred taxes | 16 | €23,755 | €22,753 | -€1,001 | -4.2% |
| Deferred taxes | 168 | €23,755 | €22,753 | -€1,001 | -4.2% |
| Amounts payable | 17/49 | €663,563 | €646,158 | -€17,405 | -2.6% |
| Amounts payable after more than one year | 17 | €623,345 | €607,750 | -€15,596 | -2.5% |
| Financial debts | 170/4 | €221,574 | €198,364 | -€23,210 | -10.5% |
| Other amounts payable | 178/9 | €401,771 | €409,386 | +€7,614 | +1.9% |
| Amounts payable within one year | 42/48 | €39,389 | €37,545 | -€1,844 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €22,934 | €23,210 | +€277 | +1.2% |
| Trade debts | 44 | €2,434 | €2,479 | +€45 | +1.9% |
| Suppliers | 440/4 | €2,434 | €2,479 | +€45 | +1.9% |
| Taxes, remuneration and social security | 45 | €14,021 | €11,856 | -€2,165 | -15.4% |
| Taxes | 450/3 | €13,821 | €11,856 | -€1,965 | -14.2% |
| Remuneration and social security | 454/9 | €200 | €0 | -€200 | -100% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €829 | €863 | +€35 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,238 | €59,931 | -€307 | -0.5% |
| Other operating charges | 640/8 | €16,144 | €20,310 | +€4,166 | +25.8% |
| Gross operating margin | 9900 | €76,996 | €79,723 | +€2,727 | +3.5% |
| Operating profit (loss) | 9901 | €614 | -€518 | -€1,132 | |
| Financial income | 75/76B | €5,774 | €2,652 | -€3,121 | -54.1% |
| Recurring financial income | 75 | €5,774 | €2,652 | -€3,121 | -54.1% |
| Financial charges | 65/66B | €36,411 | €33,382 | -€3,029 | -8.3% |
| Recurring financial charges | 65 | €36,411 | €33,382 | -€3,029 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | -€30,024 | -€31,248 | -€1,224 | -4.1% |
| Transfer from deferred taxes | 780 | €1,043 | €1,001 | -€42 | -4.0% |
| Profit (loss) for the period | 9904 | -€28,981 | -€30,246 | -€1,266 | -4.4% |
| Transfer from tax-exempt reserves | 789 | €2,026 | €1,945 | -€81 | -4.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,955 | -€28,302 | -€1,347 | -5.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.