What changed?
Two fiscal 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.
Expat Properties
Largest movements
- Tangible fixed assets -€6,041
down €6,041 (-24.8%), from €24,363 to €18,322
- Cash +€4,850
up €4,850 (+24.7%), from €19,625 to €24,475
mainly Depreciation (+€6,041) and Receivables within one year (+€913)
- Receivables within one year -€913
down €913 (-28.5%), from €3,199 to €2,286
of which Other amounts receivable: -€1,458
- Profit (loss) carried forward -€2,364
down €2,364 (-18.4%), from -€12,874 to -€15,238
- Gross operating margin +€12,222
up €12,222, from -€8,196 to €4,026
- Depreciation +€2,212
up €2,212 (+57.8%), from €3,829 to €6,041
- Other operating charges -€537
down €537 (-63.3%), from €848 to €311
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.
Cash bridge derived
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,723 | €45,178 | -€2,545 | -5.3% |
| Fixed assets | 21/28 | €24,363 | €18,322 | -€6,041 | -24.8% |
| Tangible fixed assets | 22/27 | €24,363 | €18,322 | -€6,041 | -24.8% |
| Furniture and vehicles | 24 | €24,363 | €18,322 | -€6,041 | -24.8% |
| Current assets | 29/58 | €23,360 | €26,856 | +€3,497 | +15.0% |
| Amounts receivable within one year | 40/41 | €3,199 | €2,286 | -€913 | -28.5% |
| Trade receivables | 40 | - | €545 | +€545 | |
| Other amounts receivable | 41 | €3,199 | €1,742 | -€1,458 | -45.6% |
| Cash at bank and in hand | 54/58 | €19,625 | €24,475 | +€4,850 | +24.7% |
| Deferred charges and accrued income | 490/1 | €536 | €95 | -€441 | -82.2% |
| Total equity and liabilities | 10/49 | €47,723 | €45,178 | -€2,545 | -5.3% |
| Equity | 10/15 | €12,126 | €9,762 | -€2,364 | -19.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,874 | -€15,238 | -€2,364 | -18.4% |
| Amounts payable | 17/49 | €35,597 | €35,416 | -€180 | -0.5% |
| Amounts payable within one year | 42/48 | €35,597 | €35,416 | -€180 | -0.5% |
| Trade debts | 44 | €1,432 | €1,112 | -€320 | -22.4% |
| Suppliers | 440/4 | €1,432 | €1,112 | -€320 | -22.4% |
| Other amounts payable | 47/48 | €34,165 | €34,305 | +€140 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,829 | €6,041 | +€2,212 | +57.8% |
| Other operating charges | 640/8 | €848 | €311 | -€537 | -63.3% |
| Gross operating margin | 9900 | -€8,196 | €4,026 | +€12,222 | |
| Operating profit (loss) | 9901 | -€12,874 | -€2,326 | +€10,547 | +81.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | - | €39 | +€39 | |
| Recurring financial charges | 65 | - | €39 | +€39 | |
| Profit (loss) for the period before taxes | 9903 | -€12,874 | -€2,364 | +€10,510 | +81.6% |
| Profit (loss) for the period | 9904 | -€12,874 | -€2,364 | +€10,510 | +81.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,874 | -€2,364 | +€10,510 | +81.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 September 2026 via checked.be.