CROWN ESTATES: 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.
CROWN ESTATES
Largest movements
- Financial fixed assets -€1.5m
down €1.5m (-8.7%), from €17.1m to €15.6m
- Short-term financial debts -€4.7m
no longer reported in 2025 (was €4.7m)
- Debts after one year +€2.7m
up €2.7m (+26.1%), from €10.4m to €13.1m
- Accrued charges and deferred income +€1.0m
up €1.0m (+41.4%), from €2.5m to €3.6m
- Profit (loss) carried forward -€505,317
down €505,317 (-47.0%), from -€1.1m to -€1.6m
- Financial charges +€139,212
up €139,212 (+15.2%), from €916,623 to €1.1m
- Financial income +€45,680
up €45,680 (+9.0%), from €506,509 to €552,189
- Gross operating margin -€110
down €110 (-19.6%), from -€562 to -€672
- Other operating charges +€31
up €31 (+3.2%), from €968 to €999
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 | €17,121,922 | €15,636,635 | -€1.5m | -8.7% |
| Fixed assets | 21/28 | €17,121,436 | €15,634,855 | -€1.5m | -8.7% |
| Financial fixed assets | 28 | €17,121,436 | €15,634,855 | -€1.5m | -8.7% |
| Current assets | 29/58 | €486 | €1,780 | +€1,294 | +266.3% |
| Amounts receivable within one year | 40/41 | - | €700 | +€700 | |
| Other amounts receivable | 41 | - | €700 | +€700 | |
| Cash at bank and in hand | 54/58 | €486 | €1,080 | +€594 | +122.2% |
| Total equity and liabilities | 10/49 | €17,121,922 | €15,636,635 | -€1.5m | -8.7% |
| Equity | 10/15 | -€576,258 | -€1,081,575 | -€505,317 | -87.7% |
| 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 | -€1,076,258 | -€1,581,575 | -€505,317 | -47.0% |
| Amounts payable | 17/49 | €17,698,180 | €16,718,210 | -€979,970 | -5.5% |
| Amounts payable after more than one year | 17 | €10,422,000 | €13,140,000 | +€2.7m | +26.1% |
| Financial debts | 170/4 | €10,422,000 | €13,140,000 | +€2.7m | +26.1% |
| Amounts payable within one year | 42/48 | €4,745,000 | - | -€4.7m | |
| Financial debts | 43 | €4,745,000 | - | -€4.7m | |
| Credit institutions | 430/8 | €4,745,000 | - | -€4.7m | |
| Accrued charges and deferred income | 492/3 | €2,531,180 | €3,578,210 | +€1.0m | +41.4% |
| Other operating charges | 640/8 | €968 | €999 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€562 | -€672 | -€110 | -19.6% |
| Operating profit (loss) | 9901 | -€1,530 | -€1,671 | -€141 | -9.2% |
| Financial income | 75/76B | €506,509 | €552,189 | +€45,680 | +9.0% |
| Recurring financial income | 75 | €506,509 | €552,189 | +€45,680 | +9.0% |
| Financial charges | 65/66B | €916,623 | €1,055,835 | +€139,212 | +15.2% |
| Recurring financial charges | 65 | €916,623 | €1,055,835 | +€139,212 | +15.2% |
| Profit (loss) for the period before taxes | 9903 | -€411,644 | -€505,317 | -€93,673 | -22.8% |
| Profit (loss) for the period | 9904 | -€411,644 | -€505,317 | -€93,673 | -22.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€411,644 | -€505,317 | -€93,673 | -22.8% |
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 8 October 2026 via checked.be.