VOLKAERT-BOSTEELS: what changed
What changed
VOLKAERT-BOSTEELS
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
€15,922
2024 · €16,251-€330
Equity
€993,199
2024 · €977,277+€15,922
Cash
€135,842
2024 · €136,922-€1,080
Balance sheet total
€2.0m
2024 · €2.1m-€63,051
Largest movements
Assets
- Tangible fixed assets -€70,758
down €70,758 (-3.7%), from €1.9m to €1.8m
of which Land and buildings: -€70,758
Equity and liabilities
- Debts after one year -€78,953
down €78,953 (-7.9%), from €1.0m to €922,647
Income statement
- Other operating charges +€10,112
up €10,112 (+97.4%), from €10,386 to €20,497
- Gross operating margin +€8,400
up €8,400 (+7.3%), from €114,830 to €123,229
- Financial charges -€1,268
down €1,268 (-7.3%), from €17,321 to €16,053
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
€16,251
Gross operating margin
+€8,400
Depreciation
+€113
Other operating charges
-€10,112
Financial income
+€1
Financial charges
+€1,268
Result 2025
€15,922
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
+€76,623
Investment
€0
Financing
-€77,703
Cash 2024
€136,922
From operations (derived)
+€76,623
Net result for the year
+€15,922
Depreciation
+€70,758
Receivables within one year
-€11,297
Deferred charges and accrued income
+€2,511
Trade debts
-€1,163
Smaller working-capital items
-€107
Financing
-€77,703
Debts after one year
-€78,953
Current portion of long-term debt
+€1,250
Cash 2025
€135,842
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,063,825 | €2,000,774 | -€63,051 | -3.1% |
| Fixed assets | 21/28 | €1,901,340 | €1,830,582 | -€70,758 | -3.7% |
| Tangible fixed assets | 22/27 | €1,901,340 | €1,830,582 | -€70,758 | -3.7% |
| Land and buildings | 22 | €1,900,890 | €1,830,132 | -€70,758 | -3.7% |
| Assets under construction and advance payments | 27 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €162,485 | €170,192 | +€7,707 | +4.7% |
| Amounts receivable within one year | 40/41 | €23,052 | €34,350 | +€11,297 | +49.0% |
| Trade receivables | 40 | €10,379 | €18,627 | +€8,248 | +79.5% |
| Other amounts receivable | 41 | €12,673 | €15,722 | +€3,049 | +24.1% |
| Cash at bank and in hand | 54/58 | €136,922 | €135,842 | -€1,080 | -0.8% |
| Deferred charges and accrued income | 490/1 | €2,511 | €0 | -€2,511 | -100% |
| Total equity and liabilities | 10/49 | €2,063,825 | €2,000,774 | -€63,051 | -3.1% |
| Equity | 10/15 | €977,277 | €993,199 | +€15,922 | +1.6% |
| Contributions | 10/11 | €932,000 | €932,000 | = | 0.0% |
| Reserves | 13 | €73,192 | €73,192 | = | 0.0% |
| Distributable reserves | 133 | €73,192 | €73,192 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,915 | -€11,993 | +€15,922 | +57.0% |
| Amounts payable | 17/49 | €1,086,548 | €1,007,575 | -€78,973 | -7.3% |
| Amounts payable after more than one year | 17 | €1,001,599 | €922,647 | -€78,953 | -7.9% |
| Financial debts | 170/4 | €1,001,599 | €922,647 | -€78,953 | -7.9% |
| Amounts payable within one year | 42/48 | €82,483 | €82,414 | -€69 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €77,703 | €78,953 | +€1,250 | +1.6% |
| Trade debts | 44 | €4,589 | €3,427 | -€1,163 | -25.3% |
| Suppliers | 440/4 | €4,589 | €3,427 | -€1,163 | -25.3% |
| Taxes, remuneration and social security | 45 | €34 | €34 | = | 0.0% |
| Taxes | 450/3 | €34 | €34 | = | 0.0% |
| Other amounts payable | 47/48 | €156 | €0 | -€156 | -100% |
| Accrued charges and deferred income | 492/3 | €2,466 | €2,515 | +€49 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,871 | €70,758 | -€113 | -0.2% |
| Other operating charges | 640/8 | €10,386 | €20,497 | +€10,112 | +97.4% |
| Gross operating margin | 9900 | €114,830 | €123,229 | +€8,400 | +7.3% |
| Operating profit (loss) | 9901 | €33,572 | €31,974 | -€1,599 | -4.8% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €17,321 | €16,053 | -€1,268 | -7.3% |
| Recurring financial charges | 65 | €17,321 | €16,053 | -€1,268 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €16,251 | €15,922 | -€330 | -2.0% |
| Profit (loss) for the period | 9904 | €16,251 | €15,922 | -€330 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,251 | €15,922 | -€330 | -2.0% |
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.