GENT ZUID: what changed
What changed
GENT ZUID
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
-€821,064
2024 · -€352,085-€468,979
Equity
€15.5m
2024 · €16.3m-€821,064
Cash
€741,283
2024 · €610,606+€130,677
Balance sheet total
€20.5m
2024 · €16.7m+€3.8m
Largest movements
Assets
- Tangible fixed assets +€3.7m
up €3.7m (+23.5%), from €15.8m to €19.5m
of which Assets under construction and advance payments: +€4.3m
Equity and liabilities
- Debts after one year +€2.7m
up €2.7m (+6,519%), from €41,877 to €2.8m
of which Financial debts: +€2.8m
- Trade debts +€2.1m
up €2.1m (+3,428%), from €61,068 to €2.2m
- Profit (loss) carried forward -€821,064
down €821,064 (-17.6%), from -€4.7m to -€5.5m
- Accrued charges and deferred income -€228,923
down €228,923 (-73.1%), from €313,014 to €84,091
Income statement
- Gross operating margin -€301,525
down €301,525 (-76.8%), from €392,379 to €90,854
- Financial income -€156,788
down €156,788 (-99.8%), from €157,129 to €341
- Write-downs -€38,333
down €38,333, from €25,507 to -€12,826
- Other operating charges +€32,892
up €32,892 (+15.3%), from €214,677 to €247,568
- Financial charges +€13,055
up €13,055 (+23.3%), from €56,045 to €69,100
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
-€352,085
Gross operating margin
-€301,525
Depreciation
-€3,053
Write-downs
+€38,333
Other operating charges
-€32,892
Financial income
-€156,788
Financial charges
-€13,055
Result 2025
-€821,064
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
+€1.7m
Investment
-€4.3m
Financing
+€2.7m
Cash 2024
€610,606
From operations (derived)
+€1.7m
Net result for the year
-€821,064
Depreciation
+€608,417
Receivables within one year
+€19,565
Deferred charges and accrued income
+€31,957
Trade debts
+€2.1m
Tax, wage and social debts
+€9,599
Accrued charges and deferred income
-€228,923
Investment (derived)
-€4.3m
Investment in fixed assets (net)
-€4.3m
Financing
+€2.7m
Debts after one year
+€2.7m
Cash 2025
€741,283
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,733,629 | €20,516,842 | +€3.8m | +22.6% |
| Fixed assets | 21/28 | €15,788,606 | €19,492,664 | +€3.7m | +23.5% |
| Tangible fixed assets | 22/27 | €15,788,605 | €19,492,663 | +€3.7m | +23.5% |
| Land and buildings | 22 | €15,752,759 | €15,144,342 | -€608,417 | -3.9% |
| Assets under construction and advance payments | 27 | €35,846 | €4,348,321 | +€4.3m | +12,030% |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €945,022 | €1,024,178 | +€79,155 | +8.4% |
| Amounts receivable after more than one year | 29 | €59,858 | €59,858 | = | 0.0% |
| Other amounts receivable | 291 | €59,858 | €59,858 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €242,602 | €223,037 | -€19,565 | -8.1% |
| Trade receivables | 40 | €204,977 | €168,921 | -€36,056 | -17.6% |
| Other amounts receivable | 41 | €37,624 | €54,116 | +€16,491 | +43.8% |
| Cash at bank and in hand | 54/58 | €610,606 | €741,283 | +€130,677 | +21.4% |
| Deferred charges and accrued income | 490/1 | €31,957 | - | -€31,957 | |
| Total equity and liabilities | 10/49 | €16,733,629 | €20,516,842 | +€3.8m | +22.6% |
| Equity | 10/15 | €16,316,215 | €15,495,151 | -€821,064 | -5.0% |
| Contributions | 10/11 | €20,770,477 | €20,770,477 | = | 0.0% |
| Capital | 10 | €20,770,477 | €20,770,477 | = | 0.0% |
| Issued capital | 100 | €20,770,477 | €20,770,477 | = | 0.0% |
| Reserves | 13 | €208,164 | €208,164 | = | 0.0% |
| Non-distributable reserves | 130/1 | €208,164 | €208,164 | = | 0.0% |
| Legal reserve | 130 | €208,164 | €208,164 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,662,426 | -€5,483,490 | -€821,064 | -17.6% |
| Amounts payable | 17/49 | €417,413 | €5,021,690 | +€4.6m | +1,103% |
| Amounts payable after more than one year | 17 | €41,877 | €2,771,850 | +€2.7m | +6,519% |
| Financial debts | 170/4 | - | €2,771,850 | +€2.8m | |
| Other amounts payable | 178/9 | €41,877 | - | -€41,877 | |
| Amounts payable within one year | 42/48 | €62,522 | €2,165,749 | +€2.1m | +3,364% |
| Trade debts | 44 | €61,068 | €2,154,696 | +€2.1m | +3,428% |
| Suppliers | 440/4 | €61,068 | €2,154,696 | +€2.1m | +3,428% |
| Taxes, remuneration and social security | 45 | €1,454 | €11,053 | +€9,599 | +660% |
| Taxes | 450/3 | €1,454 | €11,053 | +€9,599 | +660% |
| Accrued charges and deferred income | 492/3 | €313,014 | €84,091 | -€228,923 | -73.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €605,365 | €608,417 | +€3,053 | +0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €25,507 | -€12,826 | -€38,333 | |
| Other operating charges | 640/8 | €214,677 | €247,568 | +€32,892 | +15.3% |
| Gross operating margin | 9900 | €392,379 | €90,854 | -€301,525 | -76.8% |
| Operating profit (loss) | 9901 | -€453,169 | -€752,305 | -€299,136 | -66.0% |
| Financial income | 75/76B | €157,129 | €341 | -€156,788 | -99.8% |
| Recurring financial income | 75 | €157,129 | €341 | -€156,788 | -99.8% |
| Financial charges | 65/66B | €56,045 | €69,100 | +€13,055 | +23.3% |
| Recurring financial charges | 65 | €56,045 | €69,100 | +€13,055 | +23.3% |
| Profit (loss) for the period before taxes | 9903 | -€352,085 | -€821,064 | -€468,979 | -133% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€352,085 | -€821,064 | -€468,979 | -133% |
| Profit (loss) for the period to be appropriated | 9905 | -€352,085 | -€821,064 | -€468,979 | -133% |
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 2 November 2026 via checked.be.