GNG REALTY: 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.
GNG REALTY
Largest movements
- Cash -€42,939
down €42,939 (-73.9%), from €58,131 to €15,192
mainly Investment in fixed assets (net) (-€44,032) and Net result for the year (-€32,916)
- Tangible fixed assets +€26,245
up €26,245 (+4.6%), from €575,281 to €601,526
of which Furniture and vehicles: +€19,362
- Receivables within one year -€8,981
down €8,981 (-98.7%), from €9,098 to €117
of which Trade receivables: -€8,701
- Profit (loss) carried forward -€32,916
down €32,916 (-68.7%), from -€47,941 to -€80,857
- Debts after one year -€22,788
down €22,788 (-5.6%), from €404,462 to €381,674
- Trade debts +€17,591
up €17,591, from €0 to €17,591
- Other debts +€7,300
up €7,300 (+5.1%), from €144,488 to €151,788
- Gross operating margin -€7,544
down €7,544 (-61.7%), from €12,230 to €4,686
- Depreciation +€4,054
up €4,054 (+29.5%), from €13,733 to €17,787
- Financial income -€930
down €930 (-70.4%), from €1,321 to €392
- Financial charges +€614
up €614 (+4.1%), from €15,051 to €15,665
- Other operating charges +€160
up €160 (+3.6%), from €4,382 to €4,542
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 | €645,467 | €617,020 | -€28,447 | -4.4% |
| Fixed assets | 21/28 | €575,281 | €601,526 | +€26,245 | +4.6% |
| Tangible fixed assets | 22/27 | €575,281 | €601,526 | +€26,245 | +4.6% |
| Land and buildings | 22 | €561,928 | €568,812 | +€6,883 | +1.2% |
| Furniture and vehicles | 24 | €13,352 | €32,714 | +€19,362 | +145% |
| Current assets | 29/58 | €70,186 | €15,494 | -€54,691 | -77.9% |
| Amounts receivable within one year | 40/41 | €9,098 | €117 | -€8,981 | -98.7% |
| Trade receivables | 40 | €8,701 | €0 | -€8,701 | -100% |
| Other amounts receivable | 41 | €396 | €117 | -€279 | -70.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €58,131 | €15,192 | -€42,939 | -73.9% |
| Deferred charges and accrued income | 490/1 | €2,957 | €186 | -€2,772 | -93.7% |
| Total equity and liabilities | 10/49 | €645,467 | €617,020 | -€28,447 | -4.4% |
| Equity | 10/15 | €74,560 | €41,643 | -€32,916 | -44.1% |
| Contributions | 10/11 | €116,346 | €116,346 | = | 0.0% |
| Reserves | 13 | €6,154 | €6,154 | = | 0.0% |
| Distributable reserves | 133 | €6,154 | €6,154 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,941 | -€80,857 | -€32,916 | -68.7% |
| Amounts payable | 17/49 | €570,907 | €575,377 | +€4,469 | +0.8% |
| Amounts payable after more than one year | 17 | €404,462 | €381,674 | -€22,788 | -5.6% |
| Financial debts | 170/4 | €404,462 | €381,674 | -€22,788 | -5.6% |
| Amounts payable within one year | 42/48 | €166,445 | €192,167 | +€25,722 | +15.5% |
| Current portion of amounts payable after more than one year | 42 | €21,957 | €22,788 | +€831 | +3.8% |
| Trade debts | 44 | €0 | €17,591 | +€17,591 | |
| Suppliers | 440/4 | €0 | €17,591 | +€17,591 | |
| Other amounts payable | 47/48 | €144,488 | €151,788 | +€7,300 | +5.1% |
| Accrued charges and deferred income | 492/3 | €0 | €1,535 | +€1,535 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,733 | €17,787 | +€4,054 | +29.5% |
| Other operating charges | 640/8 | €4,382 | €4,542 | +€160 | +3.6% |
| Gross operating margin | 9900 | €12,230 | €4,686 | -€7,544 | -61.7% |
| Operating profit (loss) | 9901 | -€5,885 | -€17,642 | -€11,757 | -200% |
| Financial income | 75/76B | €1,321 | €392 | -€930 | -70.4% |
| Recurring financial income | 75 | €1,321 | €392 | -€930 | -70.4% |
| Financial charges | 65/66B | €15,051 | €15,665 | +€614 | +4.1% |
| Recurring financial charges | 65 | €15,051 | €15,665 | +€614 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | -€19,614 | -€32,916 | -€13,302 | -67.8% |
| Profit (loss) for the period | 9904 | -€19,614 | -€32,916 | -€13,302 | -67.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,614 | -€32,916 | -€13,302 | -67.8% |
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 24 October 2026 via checked.be.