DRECOT: 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
DRECOT
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
-€88,921
2024 · €871,896-€960,818
Equity
€7.8m
2024 · €7.8m-€88,921
Cash
€303,717
2024 · €408,090-€104,374
Balance sheet total
€15.4m
2024 · €16.0m-€638,695
Largest movements
Assets
- Current investments -€900,000
down €900,000 (-37.5%), from €2.4m to €1.5m
- Tangible fixed assets +€227,718
up €227,718 (+2.0%), from €11.6m to €11.8m
of which Assets under construction and advance payments: +€824,694
Equity and liabilities
- Short-term financial debts -€442,000
no longer reported in 2025 (was €442,000)
- Tax, wage and social debts -€199,653
no longer reported in 2025 (was €199,653)
- Accrued charges and deferred income +€172,480
new in 2025: €172,480
- Trade debts +€165,080
up €165,080 (+69.2%), from €238,481 to €403,561
Income statement
- Gross operating margin -€515,630
down €515,630 (-24.6%), from €2.1m to €1.6m
- Taxes -€235,170
down €235,170, from €226,429 to -€8,741
- Financial charges -€78,088
down €78,088 (-40.5%), from €192,831 to €114,743
- Depreciation -€66,618
down €66,618 (-7.5%), from €883,959 to €817,341
- Financial income -€50,864
down €50,864 (-54.0%), from €94,117 to €43,254
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
€871,896
Gross operating margin
-€515,630
Staff costs
-€10,782
Depreciation
+€66,618
Other operating charges
+€33,410
Financial income
-€50,864
Financial charges
+€78,088
Taxes
+€235,170
Deferred taxes and other
-€796,829
Result 2025
-€88,921
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
+€554,703
Investment
-€63,084
Financing
-€595,992
Cash 2024
€408,090
From operations (derived)
+€554,703
Net result for the year
-€88,921
Depreciation
+€817,341
Receivables within one year
-€128,551
Deferred charges and accrued income
-€91,385
Trade debts
+€165,080
Tax, wage and social debts
-€199,653
Other debts
-€91,688
Accrued charges and deferred income
+€172,480
Investment (derived)
-€63,084
Investment in fixed assets (net)
-€963,084
Current investments
+€900,000
Financing
-€595,992
Debts after one year
-€153,974
Current portion of long-term debt
-€19
Short-term financial debts
-€442,000
Cash 2025
€303,717
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,024,726 | €15,386,031 | -€638,695 | -4.0% |
| Fixed assets | 21/28 | €12,700,141 | €12,845,884 | +€145,743 | +1.1% |
| Intangible fixed assets | 21 | €837,114 | €744,101 | -€93,013 | -11.1% |
| Tangible fixed assets | 22/27 | €11,561,847 | €11,789,565 | +€227,718 | +2.0% |
| Land and buildings | 22 | €11,133,385 | €10,536,408 | -€596,977 | -5.4% |
| Assets under construction and advance payments | 27 | €428,462 | €1,253,157 | +€824,694 | +192% |
| Financial fixed assets | 28 | €301,180 | €312,218 | +€11,038 | +3.7% |
| Current assets | 29/58 | €3,324,584 | €2,540,147 | -€784,438 | -23.6% |
| Amounts receivable within one year | 40/41 | €420,508 | €549,058 | +€128,551 | +30.6% |
| Trade receivables | 40 | €370,381 | €532,355 | +€161,974 | +43.7% |
| Other amounts receivable | 41 | €50,126 | €16,703 | -€33,424 | -66.7% |
| Current investments | 50/53 | €2,400,359 | €1,500,359 | -€900,000 | -37.5% |
| Cash at bank and in hand | 54/58 | €408,090 | €303,717 | -€104,374 | -25.6% |
| Deferred charges and accrued income | 490/1 | €95,627 | €187,012 | +€91,385 | +95.6% |
| Total equity and liabilities | 10/49 | €16,024,726 | €15,386,031 | -€638,695 | -4.0% |
| Equity | 10/15 | €7,846,279 | €7,757,357 | -€88,921 | -1.1% |
| Contributions | 10/11 | €12,925,000 | €12,925,000 | = | 0.0% |
| Capital | 10 | €12,925,000 | €12,925,000 | = | 0.0% |
| Issued capital | 100 | €12,925,000 | €12,925,000 | = | 0.0% |
| Reserves | 13 | €382,445 | €382,445 | = | 0.0% |
| Non-distributable reserves | 130/1 | €382,445 | €382,445 | = | 0.0% |
| Legal reserve | 130 | €382,376 | €382,376 | = | 0.0% |
| Reserves not available under the articles | 1311 | €69 | €69 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,461,166 | -€5,550,087 | -€88,921 | -1.6% |
| Amounts payable | 17/49 | €8,178,447 | €7,628,674 | -€549,773 | -6.7% |
| Amounts payable after more than one year | 17 | €6,651,448 | €6,497,475 | -€153,974 | -2.3% |
| Financial debts | 170/4 | €6,627,660 | €6,473,687 | -€153,974 | -2.3% |
| Other amounts payable | 178/9 | €23,788 | €23,788 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,526,999 | €958,719 | -€568,280 | -37.2% |
| Current portion of amounts payable after more than one year | 42 | €553,992 | €553,974 | -€19 | 0.0% |
| Financial debts | 43 | €442,000 | - | -€442,000 | |
| Credit institutions | 430/8 | €442,000 | - | -€442,000 | |
| Trade debts | 44 | €238,481 | €403,561 | +€165,080 | +69.2% |
| Suppliers | 440/4 | €238,481 | €403,561 | +€165,080 | +69.2% |
| Taxes, remuneration and social security | 45 | €199,653 | - | -€199,653 | |
| Taxes | 450/3 | €199,653 | - | -€199,653 | |
| Other amounts payable | 47/48 | €92,873 | €1,185 | -€91,688 | -98.7% |
| Accrued charges and deferred income | 492/3 | - | €172,480 | +€172,480 | |
| Remuneration, social security and pensions | 62 | €40,178 | €50,960 | +€10,782 | +26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €883,959 | €817,341 | -€66,618 | -7.5% |
| Other operating charges | 640/8 | €769,308 | €735,898 | -€33,410 | -4.3% |
| Gross operating margin | 9900 | €2,093,656 | €1,578,027 | -€515,630 | -24.6% |
| Operating profit (loss) | 9901 | €400,211 | -€26,172 | -€426,383 | |
| Financial income | 75/76B | €94,117 | €43,254 | -€50,864 | -54.0% |
| Recurring financial income | 75 | €94,117 | €43,254 | -€50,864 | -54.0% |
| Financial charges | 65/66B | €192,831 | €114,743 | -€78,088 | -40.5% |
| Recurring financial charges | 65 | €192,831 | €114,743 | -€78,088 | -40.5% |
| Profit (loss) for the period before taxes | 9903 | €301,497 | -€97,662 | -€399,159 | |
| Transfer from deferred taxes | 780 | €796,829 | - | -€796,829 | |
| Income taxes | 67/77 | €226,429 | -€8,741 | -€235,170 | |
| Profit (loss) for the period | 9904 | €871,896 | -€88,921 | -€960,818 | |
| Transfer from tax-exempt reserves | 789 | €2,390,487 | - | -€2.4m | |
| Transfer to tax-exempt reserves | 689 | €2,390,487 | - | -€2.4m | |
| Profit (loss) for the period to be appropriated | 9905 | €871,896 | -€88,921 | -€960,818 |
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 27 October 2026 via checked.be.