CROWN AVENUE: what changed
What changed
CROWN AVENUE
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
€3.4m
2023 · €2.6m+€802,994
Equity
-€4.4m
2023 · -€7.8m+€3.4m
Cash
€1.7m
2023 · €395,618+€1.3m
Balance sheet total
€60.9m
2023 · €60.5m+€416,975
Largest movements
Assets
- Tangible fixed assets -€1.7m
down €1.7m (-3.2%), from €54.1m to €52.4m
- Cash +€1.3m
up €1.3m (+331%), from €395,618 to €1.7m
mainly Net result for the year (+€3.4m) and Depreciation (+€2.4m)
- Receivables within one year +€783,706
up €783,706 (+14.0%), from €5.6m to €6.4m
of which Other amounts receivable: +€418,582
Equity and liabilities
- Debts after one year -€5.0m
down €5.0m (-7.8%), from €64.4m to €59.4m
- Profit (loss) carried forward +€3.4m
up €3.4m (+43.7%), from -€7.8m to -€4.4m
- Trade debts +€1.6m
up €1.6m (+321%), from €492,619 to €2.1m
- Advances received +€634,711
new in 2024: €634,711
Income statement
- Gross operating margin +€631,567
up €631,567 (+6.8%), from €9.3m to €9.9m
- Taxes +€501,354
up €501,354 (+137%), from €367,082 to €868,436
- Financial charges -€319,047
down €319,047 (-8.7%), from €3.7m to €3.4m
- Financial income +€316,734
up €316,734 (+26.5%), from €1.2m to €1.5m
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€2.6m
Gross operating margin
+€631,567
Depreciation
+€87,233
Other operating charges
-€50,232
Financial income
+€316,734
Financial charges
+€319,047
Taxes
-€501,354
Result 2024
€3.4m
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€7.0m
Investment
-€680,301
Financing
-€5.0m
Cash 2023
€395,618
From operations (derived)
+€7.0m
Net result for the year
+€3.4m
Depreciation
+€2.4m
Receivables within one year
-€783,706
Deferred charges and accrued income
-€44,914
Trade debts
+€1.6m
Tax, wage and social debts
-€65,948
Advances received
+€634,711
Accrued charges and deferred income
-€159,680
Investment (derived)
-€680,301
Investment in fixed assets (net)
-€680,301
Financing
-€5.0m
Debts after one year
-€5.0m
Cash 2024
€1.7m
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €60,460,886 | €60,877,861 | +€416,975 | +0.7% |
| Fixed assets | 21/28 | €54,094,000 | €52,371,583 | -€1.7m | -3.2% |
| Tangible fixed assets | 22/27 | €54,094,000 | €52,371,583 | -€1.7m | -3.2% |
| Land and buildings | 22 | €54,094,000 | €52,371,583 | -€1.7m | -3.2% |
| Current assets | 29/58 | €6,366,885 | €8,506,279 | +€2.1m | +33.6% |
| Amounts receivable within one year | 40/41 | €5,580,970 | €6,364,676 | +€783,706 | +14.0% |
| Trade receivables | 40 | €5,153,809 | €5,518,934 | +€365,124 | +7.1% |
| Other amounts receivable | 41 | €427,161 | €845,743 | +€418,582 | +98.0% |
| Cash at bank and in hand | 54/58 | €395,618 | €1,706,391 | +€1.3m | +331% |
| Deferred charges and accrued income | 490/1 | €390,298 | €435,211 | +€44,914 | +11.5% |
| Total equity and liabilities | 10/49 | €60,460,886 | €60,877,861 | +€416,975 | +0.7% |
| Equity | 10/15 | -€7,785,332 | -€4,357,482 | +€3.4m | +44.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,846,832 | -€4,418,982 | +€3.4m | +43.7% |
| Amounts payable | 17/49 | €68,246,218 | €65,235,343 | -€3.0m | -4.4% |
| Amounts payable after more than one year | 17 | €64,361,093 | €59,361,093 | -€5.0m | -7.8% |
| Financial debts | 170/4 | €64,361,093 | €59,361,093 | -€5.0m | -7.8% |
| Amounts payable within one year | 42/48 | €846,457 | €2,995,262 | +€2.1m | +254% |
| Trade debts | 44 | €492,619 | €2,072,662 | +€1.6m | +321% |
| Suppliers | 440/4 | €492,619 | €2,072,662 | +€1.6m | +321% |
| Advances received on contracts in progress | 46 | - | €634,711 | +€634,711 | |
| Taxes, remuneration and social security | 45 | €353,838 | €287,890 | -€65,948 | -18.6% |
| Taxes | 450/3 | €353,838 | €287,890 | -€65,948 | -18.6% |
| Accrued charges and deferred income | 492/3 | €3,038,668 | €2,878,988 | -€159,680 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,489,953 | €2,402,719 | -€87,233 | -3.5% |
| Other operating charges | 640/8 | €1,302,971 | €1,353,203 | +€50,232 | +3.9% |
| Gross operating margin | 9900 | €9,271,746 | €9,903,314 | +€631,567 | +6.8% |
| Operating profit (loss) | 9901 | €5,478,823 | €6,147,391 | +€668,568 | +12.2% |
| Financial income | 75/76B | €1,193,137 | €1,509,871 | +€316,734 | +26.5% |
| Recurring financial income | 75 | €1,193,137 | €1,509,871 | +€316,734 | +26.5% |
| Financial charges | 65/66B | €3,680,023 | €3,360,976 | -€319,047 | -8.7% |
| Recurring financial charges | 65 | €3,680,023 | €3,360,976 | -€319,047 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €2,991,937 | €4,296,286 | +€1.3m | +43.6% |
| Income taxes | 67/77 | €367,082 | €868,436 | +€501,354 | +137% |
| Profit (loss) for the period | 9904 | €2,624,856 | €3,427,850 | +€802,994 | +30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,624,856 | €3,427,850 | +€802,994 | +30.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.