GET PROPERTIES: what changed
Two fiscal 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.
GET PROPERTIES
Largest movements
- Tangible fixed assets +€695,605
up €695,605 (+33.8%), from €2.1m to €2.8m
of which Land and buildings: +€682,383
- Debts after one year +€785,000
up €785,000 (+38.5%), from €2.0m to €2.8m
of which Financial debts: +€1.0m
- Profit (loss) carried forward -€116,446
down €116,446 (-43.3%), from -€268,766 to -€385,212
- Investment grants +€96,368
new in 2025: €96,368
- Current portion of long-term debt -€93,363
no longer reported in 2025 (was €93,363)
- Trade debts +€34,016
up €34,016 (+511.0%), from €6,657 to €40,673
- Depreciation +€22,645
up €22,645 (+45.4%), from €49,879 to €72,525
- Financial charges +€5,930
up €5,930 (+33.3%), from €17,835 to €23,766
- Gross operating margin -€4,540
down €4,540 (-52.3%), from -€8,674 to -€13,214
- Financial income +€3,014
new in 2025: €3,014
- Other operating charges -€1,063
down €1,063 (-9.6%), from €11,018 to €9,955
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 | €2,079,640 | €2,786,705 | +€707,065 | +34.0% |
| Fixed assets | 21/28 | €2,057,083 | €2,752,689 | +€695,605 | +33.8% |
| Tangible fixed assets | 22/27 | €2,057,083 | €2,752,689 | +€695,605 | +33.8% |
| Land and buildings | 22 | €2,057,083 | €2,739,466 | +€682,383 | +33.2% |
| Furniture and vehicles | 24 | - | €13,222 | +€13,222 | |
| Current assets | 29/58 | €22,556 | €34,016 | +€11,460 | +50.8% |
| Amounts receivable within one year | 40/41 | €935 | - | -€935 | |
| Trade receivables | 40 | €935 | - | -€935 | |
| Cash at bank and in hand | 54/58 | €19,650 | €32,682 | +€13,032 | +66.3% |
| Deferred charges and accrued income | 490/1 | €1,971 | €1,334 | -€637 | -32.3% |
| Total equity and liabilities | 10/49 | €2,079,640 | €2,786,705 | +€707,065 | +34.0% |
| Equity | 10/15 | -€58,766 | -€78,844 | -€20,078 | -34.2% |
| Contributions | 10/11 | €210,000 | €210,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€268,766 | -€385,212 | -€116,446 | -43.3% |
| Investment grants | 15 | - | €96,368 | +€96,368 | |
| Amounts payable | 17/49 | €2,138,405 | €2,865,549 | +€727,144 | +34.0% |
| Amounts payable after more than one year | 17 | €2,038,386 | €2,823,386 | +€785,000 | +38.5% |
| Financial debts | 170/4 | €1,253,331 | €2,253,331 | +€1.0m | +79.8% |
| Other amounts payable | 178/9 | €785,055 | €570,055 | -€215,000 | -27.4% |
| Amounts payable within one year | 42/48 | €100,019 | €40,673 | -€59,346 | -59.3% |
| Current portion of amounts payable after more than one year | 42 | €93,363 | - | -€93,363 | |
| Trade debts | 44 | €6,657 | €40,673 | +€34,016 | +511.0% |
| Suppliers | 440/4 | €6,657 | €40,673 | +€34,016 | +511.0% |
| Accrued charges and deferred income | 492/3 | - | €1,490 | +€1,490 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,879 | €72,525 | +€22,645 | +45.4% |
| Other operating charges | 640/8 | €11,018 | €9,955 | -€1,063 | -9.6% |
| Gross operating margin | 9900 | -€8,674 | -€13,214 | -€4,540 | -52.3% |
| Operating profit (loss) | 9901 | -€69,571 | -€95,694 | -€26,123 | -37.5% |
| Financial income | 75/76B | - | €3,014 | +€3,014 | |
| Recurring financial income | 75 | - | €3,014 | +€3,014 | |
| Financial charges | 65/66B | €17,835 | €23,766 | +€5,930 | +33.3% |
| Recurring financial charges | 65 | €17,835 | €23,766 | +€5,930 | +33.3% |
| Profit (loss) for the period before taxes | 9903 | -€87,407 | -€116,446 | -€29,040 | -33.2% |
| Profit (loss) for the period | 9904 | -€87,407 | -€116,446 | -€29,040 | -33.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€87,407 | -€116,446 | -€29,040 | -33.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.