GENERATION WISE REAL ESTATE: 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.
GENERATION WISE REAL ESTATE
Largest movements
- Tangible fixed assets +€1.4m
up €1.4m (+25.2%), from €5.5m to €6.9m
of which Land and buildings: +€1.3m
- Other debts +€1.6m
up €1.6m (+28.4%), from €5.8m to €7.4m
- Profit (loss) carried forward -€225,711
down €225,711 (-79.8%), from -€282,973 to -€508,685
- Gross operating margin -€20,871
down €20,871 (-70.7%), from €29,502 to €8,631
- Depreciation +€19,104
up €19,104 (+9.4%), from €202,227 to €221,331
- Other operating charges +€2,843
up €2,843 (+32.7%), from €8,704 to €11,547
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 | €5,546,367 | €6,986,877 | +€1.4m | +26.0% |
| Fixed assets | 21/28 | €5,526,651 | €6,917,861 | +€1.4m | +25.2% |
| Tangible fixed assets | 22/27 | €5,526,651 | €6,917,861 | +€1.4m | +25.2% |
| Land and buildings | 22 | €5,137,937 | €6,471,031 | +€1.3m | +25.9% |
| Plant, machinery and equipment | 23 | €17,092 | €13,773 | -€3,319 | -19.4% |
| Furniture and vehicles | 24 | €371,622 | €296,956 | -€74,666 | -20.1% |
| Assets under construction and advance payments | 27 | - | €136,100 | +€136,100 | |
| Current assets | 29/58 | €19,716 | €69,016 | +€49,300 | +250% |
| Amounts receivable within one year | 40/41 | €0 | €26,804 | +€26,804 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | - | €26,804 | +€26,804 | |
| Cash at bank and in hand | 54/58 | €9,279 | €12,717 | +€3,438 | +37.1% |
| Deferred charges and accrued income | 490/1 | €10,438 | €29,496 | +€19,058 | +183% |
| Total equity and liabilities | 10/49 | €5,546,367 | €6,986,877 | +€1.4m | +26.0% |
| Equity | 10/15 | -€277,973 | -€503,685 | -€225,711 | -81.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€282,973 | -€508,685 | -€225,711 | -79.8% |
| Amounts payable | 17/49 | €5,824,341 | €7,490,562 | +€1.7m | +28.6% |
| Amounts payable within one year | 42/48 | €5,816,703 | €7,481,567 | +€1.7m | +28.6% |
| Trade debts | 44 | €22,243 | €44,567 | +€22,325 | +100% |
| Suppliers | 440/4 | €22,243 | €44,567 | +€22,325 | +100% |
| Taxes, remuneration and social security | 45 | €3,030 | €1,300 | -€1,730 | -57.1% |
| Taxes | 450/3 | €3,030 | €1,300 | -€1,730 | -57.1% |
| Other amounts payable | 47/48 | €5,791,430 | €7,435,700 | +€1.6m | +28.4% |
| Accrued charges and deferred income | 492/3 | €7,638 | €8,994 | +€1,357 | +17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €202,227 | €221,331 | +€19,104 | +9.4% |
| Other operating charges | 640/8 | €8,704 | €11,547 | +€2,843 | +32.7% |
| Gross operating margin | 9900 | €29,502 | €8,631 | -€20,871 | -70.7% |
| Operating profit (loss) | 9901 | -€181,429 | -€224,247 | -€42,818 | -23.6% |
| Financial charges | 65/66B | €313 | €164 | -€149 | -47.5% |
| Recurring financial charges | 65 | €313 | €164 | -€149 | -47.5% |
| Profit (loss) for the period before taxes | 9903 | -€181,743 | -€224,411 | -€42,669 | -23.5% |
| Income taxes | 67/77 | €1,258 | €1,300 | +€41 | +3.3% |
| Profit (loss) for the period | 9904 | -€183,001 | -€225,711 | -€42,710 | -23.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€183,001 | -€225,711 | -€42,710 | -23.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.