Gent Estates: 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.
Gent Estates
Largest movements
- Current investments -€90,000
down €90,000 (-100.0%), from €90,000 to €0
- Cash +€81,231
up €81,231 (+484.1%), from €16,778 to €98,009
mainly Depreciation (+€131,612) and Current investments (+€90,000)
- Tangible fixed assets -€63,148
down €63,148 (-2.1%), from €3.0m to €2.9m
- Debts after one year -€107,334
down €107,334 (-3.4%), from €3.1m to €3.0m
of which Financial debts: -€107,334
- Profit (loss) carried forward +€33,343
up €33,343 (+24.8%), from -€134,634 to -€101,291
- Gross operating margin +€5,005
up €5,005 (+2.7%), from €188,787 to €193,792
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.
Cash bridge derived
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 | €3,141,554 | €3,066,628 | -€74,926 | -2.4% |
| Fixed assets | 21/28 | €2,996,357 | €2,933,209 | -€63,148 | -2.1% |
| Tangible fixed assets | 22/27 | €2,996,357 | €2,933,209 | -€63,148 | -2.1% |
| Land and buildings | 22 | €2,996,357 | €2,933,209 | -€63,148 | -2.1% |
| Current assets | 29/58 | €145,197 | €133,418 | -€11,778 | -8.1% |
| Amounts receivable within one year | 40/41 | €36,919 | €33,868 | -€3,051 | -8.3% |
| Trade receivables | 40 | €3,232 | €0 | -€3,232 | -100.0% |
| Other amounts receivable | 41 | €33,687 | €33,868 | +€181 | +0.5% |
| Current investments | 50/53 | €90,000 | €0 | -€90,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €16,778 | €98,009 | +€81,231 | +484.1% |
| Deferred charges and accrued income | 490/1 | €1,499 | €1,541 | +€42 | +2.8% |
| Total equity and liabilities | 10/49 | €3,141,554 | €3,066,628 | -€74,926 | -2.4% |
| Equity | 10/15 | -€122,234 | -€88,891 | +€33,343 | +27.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€134,634 | -€101,291 | +€33,343 | +24.8% |
| Amounts payable | 17/49 | €3,263,788 | €3,155,519 | -€108,269 | -3.3% |
| Amounts payable after more than one year | 17 | €3,127,384 | €3,020,050 | -€107,334 | -3.4% |
| Financial debts | 170/4 | €2,237,384 | €2,130,050 | -€107,334 | -4.8% |
| Other amounts payable | 178/9 | €890,000 | €890,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €109,958 | €108,436 | -€1,522 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €106,001 | €107,334 | +€1,333 | +1.3% |
| Trade debts | 44 | €910 | €1,055 | +€146 | +16.0% |
| Suppliers | 440/4 | €910 | €1,055 | +€146 | +16.0% |
| Other amounts payable | 47/48 | €3,047 | €47 | -€3,000 | -98.4% |
| Accrued charges and deferred income | 492/3 | €26,447 | €27,033 | +€586 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131,010 | €131,612 | +€603 | +0.5% |
| Other operating charges | 640/8 | €291 | €294 | +€4 | +1.2% |
| Gross operating margin | 9900 | €188,787 | €193,792 | +€5,005 | +2.7% |
| Operating profit (loss) | 9901 | €57,487 | €61,886 | +€4,399 | +7.7% |
| Financial income | 75/76B | €0 | €1,412 | +€1,412 | +1411730.0% |
| Recurring financial income | 75 | €0 | €1,412 | +€1,412 | +1411730.0% |
| Financial charges | 65/66B | €31,328 | €29,954 | -€1,374 | -4.4% |
| Recurring financial charges | 65 | €31,328 | €29,954 | -€1,374 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €26,159 | €33,343 | +€7,184 | +27.5% |
| Income taxes | 67/77 | €0 | €0 | -€0 | -100.0% |
| Profit (loss) for the period | 9904 | €26,159 | €33,343 | +€7,184 | +27.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,159 | €33,343 | +€7,184 | +27.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.