Chapter George Properties: 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.
Chapter George Properties
Largest movements
- Stocks and contracts -€38,499
down €38,499 (-1.3%), from €3.0m to €2.9m
- Current portion of long-term debt -€396,020
no longer reported in 2025 (was €396,020)
- Other debts +€266,000
up €266,000 (+52.8%), from €504,000 to €770,000
- Short-term financial debts +€129,350
up €129,350 (+7.8%), from €1.7m to €1.8m
- Profit (loss) carried forward -€67,351
down €67,351 (-67.2%), from -€100,279 to -€167,630
- Gross operating margin -€17,078
down €17,078 (-31.5%), from €54,286 to €37,208
- Financial charges -€6,522
down €6,522 (-5.9%), from €109,886 to €103,364
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,000,751 | €2,940,404 | -€60,347 | -2.0% |
| Current assets | 29/58 | €3,000,751 | €2,940,404 | -€60,347 | -2.0% |
| Stocks and contracts in progress | 3 | €2,969,976 | €2,931,477 | -€38,499 | -1.3% |
| Stocks | 30/36 | €2,969,976 | €2,931,477 | -€38,499 | -1.3% |
| Amounts receivable within one year | 40/41 | - | €6,000 | +€6,000 | |
| Other amounts receivable | 41 | - | €6,000 | +€6,000 | |
| Cash at bank and in hand | 54/58 | €30,775 | €2,927 | -€27,847 | -90.5% |
| Total equity and liabilities | 10/49 | €3,000,751 | €2,940,404 | -€60,347 | -2.0% |
| Equity | 10/15 | €399,721 | €332,370 | -€67,351 | -16.8% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€100,279 | -€167,630 | -€67,351 | -67.2% |
| Amounts payable | 17/49 | €2,601,030 | €2,608,034 | +€7,005 | +0.3% |
| Amounts payable within one year | 42/48 | €2,573,464 | €2,570,261 | -€3,203 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €396,020 | - | -€396,020 | |
| Financial debts | 43 | €1,666,000 | €1,795,350 | +€129,350 | +7.8% |
| Credit institutions | 430/8 | €1,666,000 | €1,795,350 | +€129,350 | +7.8% |
| Trade debts | 44 | €7,444 | €4,911 | -€2,533 | -34.0% |
| Suppliers | 440/4 | €7,444 | €4,911 | -€2,533 | -34.0% |
| Other amounts payable | 47/48 | €504,000 | €770,000 | +€266,000 | +52.8% |
| Accrued charges and deferred income | 492/3 | €27,566 | €37,774 | +€10,208 | +37.0% |
| Other operating charges | 640/8 | €891 | €1,195 | +€305 | +34.2% |
| Gross operating margin | 9900 | €54,286 | €37,208 | -€17,078 | -31.5% |
| Operating profit (loss) | 9901 | €53,395 | €36,013 | -€17,383 | -32.6% |
| Financial charges | 65/66B | €109,886 | €103,364 | -€6,522 | -5.9% |
| Recurring financial charges | 65 | €109,886 | €103,364 | -€6,522 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | -€56,491 | -€67,351 | -€10,860 | -19.2% |
| Profit (loss) for the period | 9904 | -€56,491 | -€67,351 | -€10,860 | -19.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€56,491 | -€67,351 | -€10,860 | -19.2% |
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 14 October 2026 via checked.be.