VAN RIE IGNACE: 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 RIE IGNACE
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
€40,238
2024 · €116,249-€76,011
Equity
€1.0m
2024 · €971,371+€40,238
Cash
€67,672
2024 · €13,723+€53,949
Balance sheet total
€3.9m
2024 · €4.0m-€98,062
Largest movements
Assets
- Tangible fixed assets -€153,887
down €153,887 (-3.8%), from €4.0m to €3.9m
- Cash +€53,949
up €53,949 (+393%), from €13,723 to €67,672
mainly Depreciation (+€197,258) and Net result for the year (+€40,238)
Equity and liabilities
- Debts after one year -€121,029
down €121,029 (-4.5%), from €2.7m to €2.6m
- Other debts -€51,099
down €51,099 (-39.0%), from €131,139 to €80,041
- Profit (loss) carried forward +€47,308
up €47,308 (+5.3%), from €884,887 to €932,194
Income statement
- Taxes +€42,917
up €42,917 (+446%), from €9,613 to €52,530
- Gross operating margin -€35,378
down €35,378 (-7.1%), from €497,657 to €462,279
- Depreciation -€6,510
down €6,510 (-3.2%), from €203,768 to €197,258
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
€116,249
Gross operating margin
-€35,378
Staff costs
-€609
Depreciation
+€6,510
Other operating charges
-€426
Financial income
-€0
Financial charges
-€3,190
Taxes
-€42,917
Result 2025
€40,238
raises the resultlowers the result
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
+€196,314
Investment
-€43,371
Financing
-€98,994
Cash 2024
€13,723
From operations (derived)
+€196,314
Net result for the year
+€40,238
Depreciation
+€197,258
Receivables within one year
-€2,167
Deferred charges and accrued income
+€291
Provisions
-€1,939
Trade debts
+€2,411
Tax, wage and social debts
+€7,363
Other debts
-€51,099
Accrued charges and deferred income
+€3,958
Investment (derived)
-€43,371
Investment in fixed assets (net)
-€43,371
Financing
-€98,994
Debts after one year
-€121,029
Current portion of long-term debt
+€22,036
Cash 2025
€67,672
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,033,376 | €3,935,314 | -€98,062 | -2.4% |
| Fixed assets | 21/28 | €4,016,785 | €3,862,897 | -€153,887 | -3.8% |
| Tangible fixed assets | 22/27 | €4,016,785 | €3,862,897 | -€153,887 | -3.8% |
| Land and buildings | 22 | €4,016,785 | €3,862,897 | -€153,887 | -3.8% |
| Current assets | 29/58 | €16,591 | €72,416 | +€55,825 | +336% |
| Amounts receivable within one year | 40/41 | €0 | €2,167 | +€2,167 | |
| Other amounts receivable | 41 | €0 | €2,167 | +€2,167 | |
| Cash at bank and in hand | 54/58 | €13,723 | €67,672 | +€53,949 | +393% |
| Deferred charges and accrued income | 490/1 | €2,868 | €2,577 | -€291 | -10.1% |
| Total equity and liabilities | 10/49 | €4,033,376 | €3,935,314 | -€98,062 | -2.4% |
| Equity | 10/15 | €971,371 | €1,011,609 | +€40,238 | +4.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €74,084 | €67,014 | -€7,070 | -9.5% |
| Tax-exempt reserves | 132 | €72,084 | €65,014 | -€7,070 | -9.8% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €884,887 | €932,194 | +€47,308 | +5.3% |
| Provisions and deferred taxes | 16 | €12,706 | €10,768 | -€1,939 | -15.3% |
| Deferred taxes | 168 | €12,706 | €10,768 | -€1,939 | -15.3% |
| Amounts payable | 17/49 | €3,049,298 | €2,912,937 | -€136,361 | -4.5% |
| Amounts payable after more than one year | 17 | €2,675,019 | €2,553,990 | -€121,029 | -4.5% |
| Financial debts | 170/4 | €2,675,019 | €2,553,990 | -€121,029 | -4.5% |
| Amounts payable within one year | 42/48 | €374,279 | €354,990 | -€19,289 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €231,755 | €253,790 | +€22,036 | +9.5% |
| Trade debts | 44 | €4,528 | €6,939 | +€2,411 | +53.2% |
| Suppliers | 440/4 | €4,528 | €6,939 | +€2,411 | +53.2% |
| Taxes, remuneration and social security | 45 | €6,857 | €14,220 | +€7,363 | +107% |
| Taxes | 450/3 | €6,857 | €14,220 | +€7,363 | +107% |
| Other amounts payable | 47/48 | €131,139 | €80,041 | -€51,099 | -39.0% |
| Accrued charges and deferred income | 492/3 | - | €3,958 | +€3,958 | |
| Non-recurring operating income | 76A | €27,891 | €0 | -€27,891 | -100% |
| Remuneration, social security and pensions | 62 | €1,010 | €1,619 | +€609 | +60.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €203,768 | €197,258 | -€6,510 | -3.2% |
| Other operating charges | 640/8 | €45,936 | €46,362 | +€426 | +0.9% |
| Gross operating margin | 9900 | €497,657 | €462,279 | -€35,378 | -7.1% |
| Operating profit (loss) | 9901 | €246,943 | €217,039 | -€29,904 | -12.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -95.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -95.0% |
| Financial charges | 65/66B | €123,020 | €126,211 | +€3,190 | +2.6% |
| Recurring financial charges | 65 | €123,020 | €126,211 | +€3,190 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €123,923 | €90,829 | -€33,094 | -26.7% |
| Transfer from deferred taxes | 780 | €1,939 | €1,939 | = | 0.0% |
| Income taxes | 67/77 | €9,613 | €52,530 | +€42,917 | +446% |
| Profit (loss) for the period | 9904 | €116,249 | €40,238 | -€76,011 | -65.4% |
| Transfer from tax-exempt reserves | 789 | €7,070 | €7,070 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €123,319 | €47,308 | -€76,011 | -61.6% |
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 20 October 2026 via checked.be.