Gent Woningbouw: what changed
What changed
Gent Woningbouw
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€449,575
2024 · €382,844+€66,732
Equity
€11.5m
2024 · €11.2m+€299,575
Cash
€490,299
2024 · €639,379-€149,080
Balance sheet total
€11.6m
2024 · €11.3m+€333,445
Largest movements
Assets
- Receivables within one year +€444,877
up €444,877 (+40.7%), from €1.1m to €1.5m
of which Other amounts receivable: +€438,577
- Current investments +€275,695
up €275,695 (+3.9%), from €7.0m to €7.3m
- Stocks and contracts -€231,981
down €231,981 (-10.8%), from €2.1m to €1.9m
- Cash -€149,080
down €149,080 (-23.3%), from €639,379 to €490,299
mainly Receivables within one year (-€444,877) and Current investments (-€275,695)
Equity and liabilities
- Reserves +€300,000
up €300,000 (+2.8%), from €10.8m to €11.1m
of which Distributable reserves: +€300,000
Income statement
- Financial income +€311,970
up €311,970 (+127%), from €246,360 to €558,330
- Financial charges +€189,575
up €189,575, from -€173,808 to €15,767
- Taxes +€121,509
up €121,509 (+351%), from €34,667 to €156,176
- Gross operating margin +€81,469
up €81,469 (+472%), from €17,247 to €98,715
- Other operating charges +€15,784
up €15,784 (+101%), from €15,687 to €31,470
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€382,844
Gross operating margin
+€81,469
Depreciation
+€160
Other operating charges
-€15,784
Financial income
+€311,970
Financial charges
-€189,575
Taxes
-€121,509
Result 2025
€449,575
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€274,500
Investment
-€275,695
Financing
-€147,885
Cash 2024
€639,379
From operations (derived)
+€274,500
Net result for the year
+€449,575
Depreciation
+€4,058
Stocks and contracts
+€231,981
Receivables within one year
-€444,877
Deferred charges and accrued income
+€2,008
Trade debts
+€7,824
Tax, wage and social debts
+€24,691
Accrued charges and deferred income
-€760
Investment (derived)
-€275,695
Current investments
-€275,695
Financing
-€147,885
Debts after one year
+€2,115
Contributions, distributions and other
-€150,000
Cash 2025
€490,299
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,279,400 | €11,612,844 | +€333,445 | +3.0% |
| Fixed assets | 21/28 | €378,074 | €374,017 | -€4,058 | -1.1% |
| Tangible fixed assets | 22/27 | €346,774 | €342,717 | -€4,058 | -1.2% |
| Land and buildings | 22 | €346,774 | €342,717 | -€4,058 | -1.2% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Financial fixed assets | 28 | €31,300 | €31,300 | = | 0.0% |
| Current assets | 29/58 | €10,901,325 | €11,238,827 | +€337,502 | +3.1% |
| Stocks and contracts in progress | 3 | €2,143,276 | €1,911,295 | -€231,981 | -10.8% |
| Contracts in progress | 37 | €2,143,276 | €1,911,295 | -€231,981 | -10.8% |
| Amounts receivable within one year | 40/41 | €1,092,399 | €1,537,276 | +€444,877 | +40.7% |
| Trade receivables | 40 | €30,000 | €36,300 | +€6,300 | +21.0% |
| Other amounts receivable | 41 | €1,062,399 | €1,500,976 | +€438,577 | +41.3% |
| Current investments | 50/53 | €7,021,764 | €7,297,459 | +€275,695 | +3.9% |
| Cash at bank and in hand | 54/58 | €639,379 | €490,299 | -€149,080 | -23.3% |
| Deferred charges and accrued income | 490/1 | €4,508 | €2,499 | -€2,008 | -44.6% |
| Total equity and liabilities | 10/49 | €11,279,400 | €11,612,844 | +€333,445 | +3.0% |
| Equity | 10/15 | €11,244,732 | €11,544,307 | +€299,575 | +2.7% |
| Contributions | 10/11 | €396,630 | €396,630 | = | 0.0% |
| Capital | 10 | €396,630 | €396,630 | = | 0.0% |
| Issued capital | 100 | €396,630 | €396,630 | = | 0.0% |
| Reserves | 13 | €10,839,663 | €11,139,663 | +€300,000 | +2.8% |
| Non-distributable reserves | 130/1 | €39,663 | €39,663 | = | 0.0% |
| Legal reserve | 130 | €39,663 | €39,663 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €10,800,000 | €11,100,000 | +€300,000 | +2.8% |
| Profit (loss) carried forward | 14 | €8,440 | €8,015 | -€425 | -5.0% |
| Provisions and deferred taxes | 16 | €25,000 | €25,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €25,000 | €25,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable | 17/49 | €9,667 | €43,537 | +€33,869 | +350% |
| Amounts payable after more than one year | 17 | €8,450 | €10,565 | +€2,115 | +25.0% |
| Other amounts payable | 178/9 | €8,450 | €10,565 | +€2,115 | +25.0% |
| Amounts payable within one year | 42/48 | €457 | €32,972 | +€32,514 | +7,110% |
| Trade debts | 44 | €457 | €8,281 | +€7,824 | +1,711% |
| Suppliers | 440/4 | €457 | €8,281 | +€7,824 | +1,711% |
| Taxes, remuneration and social security | 45 | €0 | €24,691 | +€24,691 | |
| Taxes | 450/3 | €0 | €24,691 | +€24,691 | |
| Accrued charges and deferred income | 492/3 | €760 | €0 | -€760 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,218 | €4,058 | -€160 | -3.8% |
| Other operating charges | 640/8 | €15,687 | €31,470 | +€15,784 | +101% |
| Gross operating margin | 9900 | €17,247 | €98,715 | +€81,469 | +472% |
| Operating profit (loss) | 9901 | -€2,658 | €63,187 | +€65,845 | |
| Financial income | 75/76B | €246,360 | €558,330 | +€311,970 | +127% |
| Recurring financial income | 75 | €246,360 | €558,330 | +€311,970 | +127% |
| Financial charges | 65/66B | -€173,808 | €15,767 | +€189,575 | |
| Recurring financial charges | 65 | -€173,808 | €15,767 | +€189,575 | |
| Profit (loss) for the period before taxes | 9903 | €417,511 | €605,751 | +€188,240 | +45.1% |
| Income taxes | 67/77 | €34,667 | €156,176 | +€121,509 | +351% |
| Profit (loss) for the period | 9904 | €382,844 | €449,575 | +€66,732 | +17.4% |
| Transfer from tax-exempt reserves | 789 | €104,518 | €0 | -€104,518 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €487,361 | €449,575 | -€37,786 | -7.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.