YVAN BUYSSE: 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
YVAN BUYSSE
NACE 68.321, Property management for co-owned buildings (syndics)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€18,384
2024 · €20,097-€38,481
Equity
€583,667
2024 · €602,051-€18,384
Cash
€50,530
2024 · €51,356-€826
Balance sheet total
€1.3m
2024 · €1.4m-€45,610
Largest movements
Assets
- Tangible fixed assets -€65,400
down €65,400 (-5.0%), from €1.3m to €1.2m
of which Land and buildings: -€68,660
- Receivables within one year +€17,264
up €17,264 (+1,020%), from €1,692 to €18,956
of which Trade receivables: +€10,166
Equity and liabilities
- Other debts -€40,382
down €40,382 (-6.1%), from €661,402 to €621,020
Income statement
- Financial charges +€25,596
up €25,596 (+15,056%), from €170 to €25,766
- Gross operating margin -€9,628
down €9,628 (-9.7%), from €98,799 to €89,170
- Depreciation +€2,051
up €2,051 (+2.9%), from €70,849 to €72,900
- Other operating charges +€988
up €988 (+10.4%), from €9,536 to €10,525
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
€20,097
Gross operating margin
-€9,628
Depreciation
-€2,051
Other operating charges
-€988
Financial income
+€0
Financial charges
-€25,596
Taxes
-€218
Result 2025
-€18,384
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
+€6,674
Investment
-€7,500
Financing
€0
Cash 2024
€51,356
From operations (derived)
+€6,674
Net result for the year
-€18,384
Depreciation
+€72,900
Receivables within one year
-€17,264
Deferred charges and accrued income
-€3,352
Provisions
-€3,277
Trade debts
+€51
Tax, wage and social debts
+€8,330
Other debts
-€40,382
Accrued charges and deferred income
+€8,052
Investment (derived)
-€7,500
Investment in fixed assets (net)
-€7,500
Cash 2025
€50,530
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,357,259 | €1,311,649 | -€45,610 | -3.4% |
| Fixed assets | 21/28 | €1,299,020 | €1,233,620 | -€65,400 | -5.0% |
| Tangible fixed assets | 22/27 | €1,299,020 | €1,233,620 | -€65,400 | -5.0% |
| Land and buildings | 22 | €1,296,567 | €1,227,907 | -€68,660 | -5.3% |
| Plant, machinery and equipment | 23 | €1,803 | €245 | -€1,558 | -86.4% |
| Furniture and vehicles | 24 | - | €5,034 | +€5,034 | |
| Other tangible fixed assets | 26 | €650 | €433 | -€217 | -33.3% |
| Current assets | 29/58 | €58,239 | €78,029 | +€19,790 | +34.0% |
| Amounts receivable within one year | 40/41 | €1,692 | €18,956 | +€17,264 | +1,020% |
| Trade receivables | 40 | €1,431 | €11,597 | +€10,166 | +710% |
| Other amounts receivable | 41 | €261 | €7,359 | +€7,098 | +2,721% |
| Cash at bank and in hand | 54/58 | €51,356 | €50,530 | -€826 | -1.6% |
| Deferred charges and accrued income | 490/1 | €5,191 | €8,543 | +€3,352 | +64.6% |
| Total equity and liabilities | 10/49 | €1,357,259 | €1,311,649 | -€45,610 | -3.4% |
| Equity | 10/15 | €602,051 | €583,667 | -€18,384 | -3.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €583,451 | €575,650 | -€7,801 | -1.3% |
| Tax-exempt reserves | 132 | €96,855 | €89,053 | -€7,801 | -8.1% |
| Distributable reserves | 133 | €486,596 | €486,596 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€10,582 | -€10,582 | |
| Provisions and deferred taxes | 16 | €84,161 | €80,884 | -€3,277 | -3.9% |
| Provisions for liabilities and charges | 160/5 | €44,837 | €44,837 | = | 0.0% |
| Pensions and similar obligations | 160 | €44,837 | €44,837 | = | 0.0% |
| Deferred taxes | 168 | €39,324 | €36,047 | -€3,277 | -8.3% |
| Amounts payable | 17/49 | €671,047 | €647,098 | -€23,949 | -3.6% |
| Amounts payable after more than one year | 17 | €5,325 | €5,325 | = | 0.0% |
| Other amounts payable | 178/9 | €5,325 | €5,325 | = | 0.0% |
| Amounts payable within one year | 42/48 | €665,722 | €633,721 | -€32,001 | -4.8% |
| Trade debts | 44 | €709 | €760 | +€51 | +7.2% |
| Suppliers | 440/4 | €709 | €760 | +€51 | +7.2% |
| Taxes, remuneration and social security | 45 | €3,611 | €11,941 | +€8,330 | +231% |
| Taxes | 450/3 | €3,611 | €11,941 | +€8,330 | +231% |
| Other amounts payable | 47/48 | €661,402 | €621,020 | -€40,382 | -6.1% |
| Accrued charges and deferred income | 492/3 | - | €8,052 | +€8,052 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,849 | €72,900 | +€2,051 | +2.9% |
| Other operating charges | 640/8 | €9,536 | €10,525 | +€988 | +10.4% |
| Gross operating margin | 9900 | €98,799 | €89,170 | -€9,628 | -9.7% |
| Operating profit (loss) | 9901 | €18,413 | €5,746 | -€12,667 | -68.8% |
| Financial income | 75/76B | €0 | €1 | +€0 | +100% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +100% |
| Financial charges | 65/66B | €170 | €25,766 | +€25,596 | +15,056% |
| Recurring financial charges | 65 | €170 | €25,766 | +€25,596 | +15,056% |
| Profit (loss) for the period before taxes | 9903 | €18,243 | -€20,020 | -€38,263 | |
| Transfer from deferred taxes | 780 | €3,277 | €3,277 | = | 0.0% |
| Income taxes | 67/77 | €1,423 | €1,641 | +€218 | +15.3% |
| Profit (loss) for the period | 9904 | €20,097 | -€18,384 | -€38,481 | |
| Transfer from tax-exempt reserves | 789 | €7,801 | €7,801 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,899 | -€10,582 | -€38,481 |
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 29 October 2026 via checked.be.