Woonconcept Freddy Versluys: 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
Woonconcept Freddy Versluys
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€50,915
2024 · -€195,054+€245,969
Equity
€5.1m
2024 · €5.0m+€50,915
Cash
€100,389
2024 · €5,353+€95,036
Balance sheet total
€6.2m
2024 · €6.2m-€86,451
Largest movements
Assets
- Current investments -€350,000
down €350,000 (-39.6%), from €884,648 to €534,648
- Deferred charges and accrued income +€249,335
up €249,335 (+31,033%), from €803 to €250,139
- Stocks and contracts -€144,023
down €144,023 (-5.5%), from €2.6m to €2.5m
of which Stocks: -€140,569
- Cash +€95,036
up €95,036 (+1,775%), from €5,353 to €100,389
mainly Current investments (+€350,000) and Short-term financial debts (+€275,000)
- Receivables after one year +€77,382
new in 2025: €77,382
Equity and liabilities
- Debts after one year -€337,101
down €337,101 (-35.2%), from €956,999 to €619,899
- Short-term financial debts +€275,000
new in 2025: €275,000
Income statement
- Gross operating margin +€217,316
up €217,316 (+927%), from €23,449 to €240,765
- Financial charges -€28,244
down €28,244 (-35.8%), from €78,895 to €50,651
- Depreciation +€2,682
up €2,682 (+2.2%), from €121,437 to €124,119
- Other operating charges -€2,484
down €2,484 (-8.8%), from €28,216 to €25,732
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
-€195,054
Gross operating margin
+€217,316
Depreciation
-€2,682
Other operating charges
+€2,484
Financial income
-€248
Financial charges
+€28,244
Taxes
+€944
Deferred taxes and other
-€89
Result 2025
€50,915
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
-€131,644
Investment
+€288,780
Financing
-€62,101
Cash 2024
€5,353
From operations (derived)
-€131,644
Net result for the year
+€50,915
Depreciation
+€124,119
Receivables after one year
-€77,382
Stocks and contracts
+€144,023
Receivables within one year
-€48,718
Deferred charges and accrued income
-€249,335
Provisions
-€9,662
Trade debts
-€28,360
Smaller working-capital items
-€976
Accrued charges and deferred income
-€36,268
Investment (derived)
+€288,780
Investment in fixed assets (net)
-€61,220
Current investments
+€350,000
Financing
-€62,101
Debts after one year
-€337,101
Short-term financial debts
+€275,000
Cash 2025
€100,389
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,240,595 | €6,154,144 | -€86,451 | -1.4% |
| Fixed assets | 21/28 | €2,745,785 | €2,682,886 | -€62,899 | -2.3% |
| Tangible fixed assets | 22/27 | €2,739,610 | €2,682,886 | -€56,724 | -2.1% |
| Land and buildings | 22 | €883,877 | €771,044 | -€112,833 | -12.8% |
| Plant, machinery and equipment | 23 | €46,090 | €102,199 | +€56,109 | +122% |
| Other tangible fixed assets | 26 | €1,809,643 | €1,809,643 | = | 0.0% |
| Financial fixed assets | 28 | €6,175 | - | -€6,175 | |
| Current assets | 29/58 | €3,494,810 | €3,471,258 | -€23,552 | -0.7% |
| Amounts receivable after more than one year | 29 | - | €77,382 | +€77,382 | |
| Other amounts receivable | 291 | - | €77,382 | +€77,382 | |
| Stocks and contracts in progress | 3 | €2,598,230 | €2,454,206 | -€144,023 | -5.5% |
| Stocks | 30/36 | €2,361,254 | €2,220,685 | -€140,569 | -6.0% |
| Contracts in progress | 37 | €236,976 | €233,522 | -€3,454 | -1.5% |
| Amounts receivable within one year | 40/41 | €5,776 | €54,494 | +€48,718 | +844% |
| Trade receivables | 40 | €992 | €52,288 | +€51,296 | +5,172% |
| Other amounts receivable | 41 | €4,784 | €2,206 | -€2,578 | -53.9% |
| Current investments | 50/53 | €884,648 | €534,648 | -€350,000 | -39.6% |
| Cash at bank and in hand | 54/58 | €5,353 | €100,389 | +€95,036 | +1,775% |
| Deferred charges and accrued income | 490/1 | €803 | €250,139 | +€249,335 | +31,033% |
| Total equity and liabilities | 10/49 | €6,240,595 | €6,154,144 | -€86,451 | -1.4% |
| Equity | 10/15 | €5,016,789 | €5,067,704 | +€50,915 | +1.0% |
| Contributions | 10/11 | €3,450,000 | €3,450,000 | = | 0.0% |
| Reserves | 13 | €1,566,789 | €1,617,704 | +€50,915 | +3.2% |
| Tax-exempt reserves | 132 | €467,216 | €436,453 | -€30,763 | -6.6% |
| Distributable reserves | 133 | €1,099,573 | €1,181,251 | +€81,678 | +7.4% |
| Provisions and deferred taxes | 16 | €146,827 | €137,166 | -€9,662 | -6.6% |
| Deferred taxes | 168 | €146,827 | €137,166 | -€9,662 | -6.6% |
| Amounts payable | 17/49 | €1,076,978 | €949,274 | -€127,704 | -11.9% |
| Amounts payable after more than one year | 17 | €956,999 | €619,899 | -€337,101 | -35.2% |
| Other amounts payable | 178/9 | €956,999 | €619,899 | -€337,101 | -35.2% |
| Amounts payable within one year | 42/48 | €41,397 | €287,061 | +€245,664 | +593% |
| Financial debts | 43 | - | €275,000 | +€275,000 | |
| Credit institutions | 430/8 | - | €275,000 | +€275,000 | |
| Trade debts | 44 | €39,607 | €11,247 | -€28,360 | -71.6% |
| Suppliers | 440/4 | €39,607 | €11,247 | -€28,360 | -71.6% |
| Taxes, remuneration and social security | 45 | €1,356 | €814 | -€542 | -40.0% |
| Taxes | 450/3 | €1,356 | €814 | -€542 | -40.0% |
| Other amounts payable | 47/48 | €435 | - | -€435 | |
| Accrued charges and deferred income | 492/3 | €78,582 | €42,314 | -€36,268 | -46.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121,437 | €124,119 | +€2,682 | +2.2% |
| Other operating charges | 640/8 | €28,216 | €25,732 | -€2,484 | -8.8% |
| Gross operating margin | 9900 | €23,449 | €240,765 | +€217,316 | +927% |
| Operating profit (loss) | 9901 | -€126,204 | €90,914 | +€217,118 | |
| Financial income | 75/76B | €1,238 | €990 | -€248 | -20.0% |
| Recurring financial income | 75 | €1,238 | €990 | -€248 | -20.0% |
| Financial charges | 65/66B | €78,895 | €50,651 | -€28,244 | -35.8% |
| Recurring financial charges | 65 | €78,895 | €50,651 | -€28,244 | -35.8% |
| Profit (loss) for the period before taxes | 9903 | -€203,861 | €41,253 | +€245,114 | |
| Transfer from deferred taxes | 780 | €9,751 | €9,662 | -€89 | -0.9% |
| Income taxes | 67/77 | €944 | - | -€944 | |
| Profit (loss) for the period | 9904 | -€195,054 | €50,915 | +€245,969 | |
| Transfer from tax-exempt reserves | 789 | €31,145 | €30,763 | -€381 | -1.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€163,910 | €81,678 | +€245,588 |
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 30 October 2026 via checked.be.