G-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.
G-Properties
Largest movements
- Cash -€122,909
down €122,909 (-27.0%), from €454,661 to €331,751
mainly Investment in fixed assets (net) (-€196,351) and Net result for the year (-€38,055)
- Tangible fixed assets +€116,666
up €116,666 (+4.8%), from €2.4m to €2.6m
of which Other tangible fixed assets: +€181,759
- Receivables within one year -€47,919
down €47,919 (-98.6%), from €48,576 to €656
of which Trade receivables: -€47,807
- Profit (loss) carried forward -€38,055
down €38,055 (-92.4%), from -€41,168 to -€79,223
- Debts after one year -€37,131
down €37,131 (-1.9%), from €2.0m to €1.9m
of which Financial debts: -€37,131
- Depreciation +€13,466
up €13,466 (+20.3%), from €66,220 to €79,686
- Gross operating margin +€1,014
up €1,014 (+2.0%), from €49,674 to €50,689
- Other operating charges +€553
up €553 (+61.7%), from €896 to €1,450
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,949,850 | €2,893,627 | -€56,223 | -1.9% |
| Fixed assets | 21/28 | €2,442,371 | €2,559,037 | +€116,666 | +4.8% |
| Tangible fixed assets | 22/27 | €2,442,371 | €2,559,037 | +€116,666 | +4.8% |
| Land and buildings | 22 | €2,427,487 | €2,363,306 | -€64,181 | -2.6% |
| Furniture and vehicles | 24 | €1,718 | €807 | -€912 | -53.1% |
| Other tangible fixed assets | 26 | €13,166 | €194,924 | +€181,759 | +1,381% |
| Current assets | 29/58 | €507,479 | €334,590 | -€172,889 | -34.1% |
| Amounts receivable within one year | 40/41 | €48,576 | €656 | -€47,919 | -98.6% |
| Trade receivables | 40 | €47,807 | - | -€47,807 | |
| Other amounts receivable | 41 | €769 | €656 | -€113 | -14.7% |
| Cash at bank and in hand | 54/58 | €454,661 | €331,751 | -€122,909 | -27.0% |
| Deferred charges and accrued income | 490/1 | €4,243 | €2,182 | -€2,060 | -48.6% |
| Total equity and liabilities | 10/49 | €2,949,850 | €2,893,627 | -€56,223 | -1.9% |
| Equity | 10/15 | €958,832 | €920,777 | -€38,055 | -4.0% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,168 | -€79,223 | -€38,055 | -92.4% |
| Amounts payable | 17/49 | €1,991,018 | €1,972,850 | -€18,168 | -0.9% |
| Amounts payable after more than one year | 17 | €1,952,122 | €1,914,991 | -€37,131 | -1.9% |
| Financial debts | 170/4 | €650,532 | €613,401 | -€37,131 | -5.7% |
| Other amounts payable | 178/9 | €1,301,590 | €1,301,590 | = | 0.0% |
| Amounts payable within one year | 42/48 | €38,896 | €57,859 | +€18,963 | +48.8% |
| Current portion of amounts payable after more than one year | 42 | €36,637 | €37,131 | +€494 | +1.3% |
| Trade debts | 44 | €2,259 | €20,728 | +€18,469 | +817% |
| Suppliers | 440/4 | €2,259 | €20,728 | +€18,469 | +817% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,220 | €79,686 | +€13,466 | +20.3% |
| Other operating charges | 640/8 | €896 | €1,450 | +€553 | +61.7% |
| Gross operating margin | 9900 | €49,674 | €50,689 | +€1,014 | +2.0% |
| Operating profit (loss) | 9901 | -€17,442 | -€30,447 | -€13,005 | -74.6% |
| Financial income | 75/76B | €2,563 | €2,188 | -€376 | -14.7% |
| Recurring financial income | 75 | €2,563 | €2,188 | -€376 | -14.7% |
| Financial charges | 65/66B | €10,280 | €9,796 | -€484 | -4.7% |
| Recurring financial charges | 65 | €10,280 | €9,796 | -€484 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | -€25,158 | -€38,055 | -€12,897 | -51.3% |
| Profit (loss) for the period | 9904 | -€25,158 | -€38,055 | -€12,897 | -51.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,158 | -€38,055 | -€12,897 | -51.3% |
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 21 October 2026 via checked.be.