CROWN 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.
What changed
CROWN PROPERTIES
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€90,712
2024 · €66,965+€23,747
Equity
€1.1m
2024 · €1.0m+€90,712
Cash
€18,731
2024 · €98,432-€79,701
Balance sheet total
€2.8m
2024 · €2.8m-€57,210
Largest movements
Assets
- Cash -€79,701
down €79,701 (-81.0%), from €98,432 to €18,731
mainly Investment in fixed assets (net) (-€185,557) and Current portion of long-term debt (-€87,216)
Equity and liabilities
- Current portion of long-term debt -€87,216
down €87,216 (-46.4%), from €188,048 to €100,832
- Profit (loss) carried forward +€86,176
up €86,176 (+22.9%), from €376,128 to €462,304
- Debts after one year -€69,555
down €69,555 (-4.6%), from €1.5m to €1.5m
of which Financial debts: -€69,555
Income statement
- Gross operating margin +€82,063
up €82,063 (+23.5%), from €348,705 to €430,768
- Other operating charges +€24,343
up €24,343 (+73.9%), from €32,935 to €57,278
- Depreciation +€17,181
up €17,181 (+10.6%), from €161,557 to €178,739
- Financial charges +€8,424
up €8,424 (+12.4%), from €67,839 to €76,263
- Taxes +€4,308
up €4,308 (+18.2%), from €23,650 to €27,958
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
€66,965
Gross operating margin
+€82,063
Depreciation
-€17,181
Provisions
-€3,445
Other operating charges
-€24,343
Financial income
-€614
Financial charges
-€8,424
Taxes
-€4,308
Result 2025
€90,712
raises the resultlowers the result
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
+€262,135
Investment
-€185,684
Financing
-€156,152
Cash 2024
€98,432
From operations (derived)
+€262,135
Net result for the year
+€90,712
Depreciation
+€178,739
Receivables within one year
-€13,627
Deferred charges and accrued income
-€1,919
Trade debts
-€24,759
Tax, wage and social debts
+€7,752
Other debts
+€25,963
Accrued charges and deferred income
-€726
Investment (derived)
-€185,684
Investment in fixed assets (net)
-€185,557
Current investments
-€127
Financing
-€156,152
Debts after one year
-€69,555
Current portion of long-term debt
-€87,216
Short-term financial debts
+€619
Cash 2025
€18,731
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,831,982 | €2,774,772 | -€57,210 | -2.0% |
| Fixed assets | 21/28 | €2,717,564 | €2,724,383 | +€6,819 | +0.3% |
| Tangible fixed assets | 22/27 | €2,717,507 | €2,724,383 | +€6,876 | +0.3% |
| Land and buildings | 22 | €2,682,024 | €2,692,764 | +€10,739 | +0.4% |
| Plant, machinery and equipment | 23 | €2,875 | €2,580 | -€295 | -10.3% |
| Furniture and vehicles | 24 | - | €4,451 | +€4,451 | |
| Other tangible fixed assets | 26 | €32,608 | €24,589 | -€8,020 | -24.6% |
| Financial fixed assets | 28 | €57 | €0 | -€57 | -100% |
| Current assets | 29/58 | €114,417 | €50,389 | -€64,029 | -56.0% |
| Amounts receivable within one year | 40/41 | €3,320 | €16,946 | +€13,627 | +410% |
| Trade receivables | 40 | €3,079 | €9,847 | +€6,767 | +220% |
| Other amounts receivable | 41 | €240 | €7,100 | +€6,859 | +2,854% |
| Current investments | 50/53 | - | €127 | +€127 | |
| Cash at bank and in hand | 54/58 | €98,432 | €18,731 | -€79,701 | -81.0% |
| Deferred charges and accrued income | 490/1 | €12,666 | €14,585 | +€1,919 | +15.2% |
| Total equity and liabilities | 10/49 | €2,831,982 | €2,774,772 | -€57,210 | -2.0% |
| Equity | 10/15 | €1,003,359 | €1,094,071 | +€90,712 | +9.0% |
| Contributions | 10/11 | €592,500 | €592,500 | = | 0.0% |
| Capital | 10 | €592,500 | €592,500 | = | 0.0% |
| Issued capital | 100 | €592,500 | €592,500 | = | 0.0% |
| Reserves | 13 | €34,731 | €39,267 | +€4,536 | +13.1% |
| Non-distributable reserves | 130/1 | €34,731 | €39,267 | +€4,536 | +13.1% |
| Legal reserve | 130 | €34,731 | €39,267 | +€4,536 | +13.1% |
| Profit (loss) carried forward | 14 | €376,128 | €462,304 | +€86,176 | +22.9% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Major repairs and maintenance | 162 | €0 | - | = | |
| Amounts payable | 17/49 | €1,828,623 | €1,680,701 | -€147,922 | -8.1% |
| Amounts payable after more than one year | 17 | €1,522,907 | €1,453,352 | -€69,555 | -4.6% |
| Financial debts | 170/4 | €705,826 | €636,272 | -€69,555 | -9.9% |
| Other amounts payable | 178/9 | €817,080 | €817,080 | = | 0.0% |
| Amounts payable within one year | 42/48 | €304,991 | €227,349 | -€77,641 | -25.5% |
| Current portion of amounts payable after more than one year | 42 | €188,048 | €100,832 | -€87,216 | -46.4% |
| Financial debts | 43 | - | €619 | +€619 | |
| Other loans | 439 | - | €619 | +€619 | |
| Trade debts | 44 | €68,460 | €43,702 | -€24,759 | -36.2% |
| Suppliers | 440/4 | €68,460 | €43,702 | -€24,759 | -36.2% |
| Taxes, remuneration and social security | 45 | €14,404 | €22,155 | +€7,752 | +53.8% |
| Taxes | 450/3 | €14,404 | €22,155 | +€7,752 | +53.8% |
| Other amounts payable | 47/48 | €34,079 | €60,041 | +€25,963 | +76.2% |
| Accrued charges and deferred income | 492/3 | €726 | €0 | -€726 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €161,557 | €178,739 | +€17,181 | +10.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€3,445 | €0 | +€3,445 | |
| Other operating charges | 640/8 | €32,935 | €57,278 | +€24,343 | +73.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €348,705 | €430,768 | +€82,063 | +23.5% |
| Operating profit (loss) | 9901 | €157,658 | €194,751 | +€37,093 | +23.5% |
| Financial income | 75/76B | €796 | €182 | -€614 | -77.1% |
| Recurring financial income | 75 | €796 | €182 | -€614 | -77.1% |
| Financial charges | 65/66B | €67,839 | €76,263 | +€8,424 | +12.4% |
| Recurring financial charges | 65 | €67,839 | €76,263 | +€8,424 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | €90,615 | €118,670 | +€28,055 | +31.0% |
| Income taxes | 67/77 | €23,650 | €27,958 | +€4,308 | +18.2% |
| Profit (loss) for the period | 9904 | €66,965 | €90,712 | +€23,747 | +35.5% |
| Profit (loss) for the period to be appropriated | 9905 | €66,965 | €90,712 | +€23,747 | +35.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.