DEVELOPMENT REAL ESTATE: 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.
DEVELOPMENT REAL ESTATE
Largest movements
- Receivables within one year +€198,466
up €198,466 (+1172.7%), from €16,923 to €215,390
of which Trade receivables: +€198,226
- Tangible fixed assets -€23,960
down €23,960 (-3.7%), from €639,018 to €615,059
of which Land and buildings: -€12,432
- Trade debts +€254,013
up €254,013 (+316.8%), from €80,186 to €334,199
- Debts after one year -€70,226
down €70,226 (-4.5%), from €1.5m to €1.5m
- Other debts +€39,424
up €39,424 (+8.3%), from €477,388 to €516,812
- Gross operating margin +€97,235
up €97,235 (+709.7%), from €13,700 to €110,935
- Depreciation +€11,712
up €11,712 (+95.6%), from €12,248 to €23,960
- Other operating charges +€4,505
up €4,505 (+20.2%), from €22,329 to €26,834
- Write-downs +€3,612
up €3,612 (+260.1%), from €1,388 to €5,000
- Financial charges +€3,140
up €3,140 (+5.6%), from €56,211 to €59,351
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,743,393 | €1,949,567 | +€206,174 | +11.8% |
| Fixed assets | 21/28 | €639,018 | €615,059 | -€23,960 | -3.7% |
| Tangible fixed assets | 22/27 | €639,018 | €615,059 | -€23,960 | -3.7% |
| Land and buildings | 22 | €363,325 | €350,893 | -€12,432 | -3.4% |
| Other tangible fixed assets | 26 | €275,693 | €264,166 | -€11,528 | -4.2% |
| Current assets | 29/58 | €1,104,375 | €1,334,508 | +€230,133 | +20.8% |
| Stocks and contracts in progress | 3 | €1,035,819 | €1,053,515 | +€17,696 | +1.7% |
| Stocks | 30/36 | €1,035,819 | €1,053,515 | +€17,696 | +1.7% |
| Amounts receivable within one year | 40/41 | €16,923 | €215,390 | +€198,466 | +1172.7% |
| Trade receivables | 40 | €8,433 | €206,659 | +€198,226 | +2350.6% |
| Other amounts receivable | 41 | €8,490 | €8,731 | +€241 | +2.8% |
| Cash at bank and in hand | 54/58 | €42 | - | -€42 | |
| Deferred charges and accrued income | 490/1 | €51,590 | €65,604 | +€14,014 | +27.2% |
| Total equity and liabilities | 10/49 | €1,743,393 | €1,949,567 | +€206,174 | +11.8% |
| Equity | 10/15 | -€457,167 | -€461,376 | -€4,209 | -0.9% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€497,167 | -€501,376 | -€4,209 | -0.8% |
| Amounts payable | 17/49 | €2,200,560 | €2,410,942 | +€210,382 | +9.6% |
| Amounts payable after more than one year | 17 | €1,546,395 | €1,476,170 | -€70,226 | -4.5% |
| Financial debts | 170/4 | €1,546,395 | €1,476,170 | -€70,226 | -4.5% |
| Amounts payable within one year | 42/48 | €631,836 | €925,204 | +€293,368 | +46.4% |
| Current portion of amounts payable after more than one year | 42 | €65,721 | €70,226 | +€4,505 | +6.9% |
| Financial debts | 43 | - | €2,468 | +€2,468 | |
| Credit institutions | 430/8 | - | €2,468 | +€2,468 | |
| Trade debts | 44 | €80,186 | €334,199 | +€254,013 | +316.8% |
| Suppliers | 440/4 | €80,186 | €334,199 | +€254,013 | +316.8% |
| Taxes, remuneration and social security | 45 | €8,541 | €1,499 | -€7,042 | -82.5% |
| Taxes | 450/3 | €8,541 | €1,499 | -€7,042 | -82.5% |
| Other amounts payable | 47/48 | €477,388 | €516,812 | +€39,424 | +8.3% |
| Accrued charges and deferred income | 492/3 | €22,329 | €9,569 | -€12,760 | -57.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,248 | €23,960 | +€11,712 | +95.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,388 | €5,000 | +€3,612 | +260.1% |
| Other operating charges | 640/8 | €22,329 | €26,834 | +€4,505 | +20.2% |
| Gross operating margin | 9900 | €13,700 | €110,935 | +€97,235 | +709.7% |
| Operating profit (loss) | 9901 | -€22,265 | €55,141 | +€77,406 | |
| Financial income | 75/76B | €310 | €1 | -€309 | -99.7% |
| Recurring financial income | 75 | €310 | €1 | -€309 | -99.7% |
| Financial charges | 65/66B | €56,211 | €59,351 | +€3,140 | +5.6% |
| Recurring financial charges | 65 | €56,211 | €59,351 | +€3,140 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | -€78,166 | -€4,209 | +€73,958 | +94.6% |
| Profit (loss) for the period | 9904 | -€78,166 | -€4,209 | +€73,958 | +94.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€78,166 | -€4,209 | +€73,958 | +94.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.