EGON 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
EGON PROPERTIES
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€7,282
2023 · €86,472-€79,190
Equity
€2.3m
2023 · €2.3m-€28,718
Cash
€15,991
2023 · €22,871-€6,880
Balance sheet total
€3.1m
2023 · €3.2m-€116,745
Largest movements
Assets
- Tangible fixed assets -€110,234
down €110,234 (-3.7%), from €2.9m to €2.8m
Equity and liabilities
- Debts after one year -€50,299
down €50,299 (-8.5%), from €591,368 to €541,069
- Trade debts -€42,003
down €42,003 (-18.0%), from €233,746 to €191,743
- Revaluation surpluses -€36,000
down €36,000 (-1.8%), from €2.0m to €2.0m
Income statement
- Depreciation +€63,074
up €63,074 (+196%), from €32,200 to €95,274
- Taxes +€11,208
new in 2024: €11,208
- Gross operating margin -€3,844
down €3,844 (-2.7%), from €142,233 to €138,388
- Other operating charges +€1,673
up €1,673 (+15.1%), from €11,047 to €12,720
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.
Result 2023
€86,472
Gross operating margin
-€3,844
Depreciation
-€63,074
Write-downs
+€1,200
Other operating charges
-€1,673
Financial charges
-€591
Taxes
-€11,208
Result 2024
€7,282
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€64,458
Investment
+€14,960
Financing
-€86,299
Cash 2023
€22,871
From operations (derived)
+€64,458
Net result for the year
+€7,282
Depreciation
+€95,274
Receivables within one year
-€7,150
Deferred charges and accrued income
+€6,780
Trade debts
-€42,003
Tax, wage and social debts
+€4,500
Accrued charges and deferred income
-€225
Investment (derived)
+€14,960
Investment in fixed assets (net)
+€14,960
Financing
-€86,299
Debts after one year
-€50,299
Contributions, distributions and other
-€36,000
Cash 2024
€15,991
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,219,084 | €3,102,339 | -€116,745 | -3.6% |
| Fixed assets | 21/28 | €2,942,358 | €2,832,124 | -€110,234 | -3.7% |
| Tangible fixed assets | 22/27 | €2,942,358 | €2,832,124 | -€110,234 | -3.7% |
| Land and buildings | 22 | €2,942,358 | €2,832,124 | -€110,234 | -3.7% |
| Current assets | 29/58 | €276,726 | €270,215 | -€6,511 | -2.4% |
| Amounts receivable within one year | 40/41 | €245,595 | €252,744 | +€7,150 | +2.9% |
| Other amounts receivable | 41 | €245,595 | €252,744 | +€7,150 | +2.9% |
| Cash at bank and in hand | 54/58 | €22,871 | €15,991 | -€6,880 | -30.1% |
| Deferred charges and accrued income | 490/1 | €8,260 | €1,480 | -€6,780 | -82.1% |
| Total equity and liabilities | 10/49 | €3,219,084 | €3,102,339 | -€116,745 | -3.6% |
| Equity | 10/15 | €2,319,427 | €2,290,709 | -€28,718 | -1.2% |
| Contributions | 10/11 | €148,736 | €148,736 | = | 0.0% |
| Capital | 10 | €148,736 | €148,736 | = | 0.0% |
| Issued capital | 100 | €148,736 | €148,736 | = | 0.0% |
| Revaluation surpluses | 12 | €2,000,000 | €1,964,000 | -€36,000 | -1.8% |
| Reserves | 13 | €14,874 | €14,874 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,874 | €14,874 | = | 0.0% |
| Legal reserve | 130 | €14,874 | €14,874 | = | 0.0% |
| Profit (loss) carried forward | 14 | €155,817 | €163,099 | +€7,282 | +4.7% |
| Amounts payable | 17/49 | €899,657 | €811,630 | -€88,026 | -9.8% |
| Amounts payable after more than one year | 17 | €591,368 | €541,069 | -€50,299 | -8.5% |
| Financial debts | 170/4 | €591,368 | €541,069 | -€50,299 | -8.5% |
| Amounts payable within one year | 42/48 | €308,064 | €270,561 | -€37,503 | -12.2% |
| Current portion of amounts payable after more than one year | 42 | €50,299 | €50,299 | = | 0.0% |
| Trade debts | 44 | €233,746 | €191,743 | -€42,003 | -18.0% |
| Suppliers | 440/4 | €233,746 | €191,743 | -€42,003 | -18.0% |
| Taxes, remuneration and social security | 45 | - | €4,500 | +€4,500 | |
| Taxes | 450/3 | - | €4,500 | +€4,500 | |
| Other amounts payable | 47/48 | €24,019 | €24,019 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €225 | - | -€225 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,200 | €95,274 | +€63,074 | +196% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,200 | - | -€1,200 | |
| Other operating charges | 640/8 | €11,047 | €12,720 | +€1,673 | +15.1% |
| Gross operating margin | 9900 | €142,233 | €138,388 | -€3,844 | -2.7% |
| Operating profit (loss) | 9901 | €97,785 | €30,394 | -€67,391 | -68.9% |
| Financial charges | 65/66B | €11,313 | €11,904 | +€591 | +5.2% |
| Recurring financial charges | 65 | €11,313 | €11,904 | +€591 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €86,472 | €18,490 | -€67,982 | -78.6% |
| Income taxes | 67/77 | - | €11,208 | +€11,208 | |
| Profit (loss) for the period | 9904 | €86,472 | €7,282 | -€79,190 | -91.6% |
| Profit (loss) for the period to be appropriated | 9905 | €86,472 | €7,282 | -€79,190 | -91.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.