GREENWICH PROPERTIES: 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.
What changed
GREENWICH PROPERTIES
NACE 68.310, Real estate agency activities
financial year 31-12-2024 compared with 31-12-2023filed annual accounts (NBB)
Net result for the year
-€251,788
31-12-2023 · €263,677-€515,465
Equity
-€2.8m
31-12-2023 · -€2.6m-€251,788
Cash
€84
31-12-2023 · €5,429-€5,345
Balance sheet total
€1.6m
31-12-2023 · €625,987+€936,508
Largest movements
Assets
- Stocks and contracts +€848,378
up €848,378 (+287%), from €295,968 to €1.1m
- Deferred charges and accrued income +€132,874
up €132,874 (+1,202%), from €11,052 to €143,926
- Tangible fixed assets -€33,631
down €33,631 (-14.0%), from €240,902 to €207,271
of which Other tangible fixed assets: -€29,372
Equity and liabilities
- Debts after one year +€738,695
up €738,695 (+24.2%), from €3.0m to €3.8m
of which Other amounts payable: +€753,412
- Short-term financial debts +€440,344
up €440,344 (+4,276%), from €10,298 to €450,642
- Profit (loss) carried forward -€251,788
down €251,788 (-9.6%), from -€2.6m to -€2.9m
- Trade debts +€25,960
up €25,960 (+41.6%), from €62,428 to €88,388
- Other debts -€23,523
down €23,523 (-54.4%), from €43,267 to €19,744
Income statement
- Turnover -€4.8m
no longer reported in 2024 (was €4.8m)
- Purchases and services -€4.6m
no longer reported in 2024 (was €4.6m)
- Gross operating margin -€564,022
down €564,022, from €483,861 to -€80,162
From the 31-12-2023 result to the 31-12-2024 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.
Result 31-12-2023
€263,677
Gross operating margin
-€564,022
Depreciation
+€37
Other operating charges
+€2,663
Other operating items
+€37,310
Financial income
-€498
Financial charges
+€8,918
Taxes
+€129
Result 31-12-2024
-€251,788
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 31-12-2023 and 31-12-2024 balance sheets and the 31-12-2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€1.2m
Investment
-€9,942
Financing
+€1.2m
Cash 31-12-2023
€5,429
From operations (derived)
-€1.2m
Net result for the year
-€251,788
Depreciation
+€45,336
Stocks and contracts
-€848,378
Receivables within one year
+€4,006
Deferred charges and accrued income
-€132,874
Trade debts
+€25,960
Tax, wage and social debts
-€129
Other debts
-€23,523
Accrued charges and deferred income
+€5,469
Investment (derived)
-€9,942
Investment in fixed assets (net)
-€9,942
Financing
+€1.2m
Debts after one year
+€738,695
Current portion of long-term debt
+€1,480
Short-term financial debts
+€440,344
Cash 31-12-2024
€84
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2023 | 31-12-2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €625,987 | €1,562,495 | +€936,508 | +150% |
| Fixed assets | 21/28 | €243,312 | €207,919 | -€35,393 | -14.5% |
| Intangible fixed assets | 21 | €923 | €148 | -€775 | -84.0% |
| Tangible fixed assets | 22/27 | €240,902 | €207,271 | -€33,631 | -14.0% |
| Furniture and vehicles | 24 | €26,213 | €21,954 | -€4,259 | -16.2% |
| Other tangible fixed assets | 26 | €214,689 | €185,317 | -€29,372 | -13.7% |
| Financial fixed assets | 28 | €1,488 | €500 | -€988 | -66.4% |
| Current assets | 29/58 | €382,674 | €1,354,576 | +€971,901 | +254% |
| Stocks and contracts in progress | 3 | €295,968 | €1,144,346 | +€848,378 | +287% |
| Stocks | 30/36 | €295,968 | €1,144,346 | +€848,378 | +287% |
| Amounts receivable within one year | 40/41 | €70,225 | €66,220 | -€4,006 | -5.7% |
| Trade receivables | 40 | €15,831 | €15,971 | +€140 | +0.9% |
| Other amounts receivable | 41 | €54,394 | €50,249 | -€4,145 | -7.6% |
| Cash at bank and in hand | 54/58 | €5,429 | €84 | -€5,345 | -98.4% |
| Deferred charges and accrued income | 490/1 | €11,052 | €143,926 | +€132,874 | +1,202% |
| Total equity and liabilities | 10/49 | €625,987 | €1,562,495 | +€936,508 | +150% |
| Equity | 10/15 | -€2,554,136 | -€2,805,924 | -€251,788 | -9.9% |
| Contributions | 10/11 | €73,592 | €73,592 | = | 0.0% |
| Capital | 10 | €73,592 | €73,592 | = | 0.0% |
| Issued capital | 100 | €73,592 | €73,592 | = | 0.0% |
| Reserves | 13 | €1,030 | €1,030 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,030 | €1,030 | = | 0.0% |
| Legal reserve | 130 | €1,030 | €1,030 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,628,758 | -€2,880,546 | -€251,788 | -9.6% |
| Amounts payable | 17/49 | €3,180,123 | €4,368,418 | +€1.2m | +37.4% |
| Amounts payable after more than one year | 17 | €3,046,351 | €3,785,046 | +€738,695 | +24.2% |
| Financial debts | 170/4 | €34,761 | €20,045 | -€14,717 | -42.3% |
| Other amounts payable | 178/9 | €3,011,590 | €3,765,001 | +€753,412 | +25.0% |
| Amounts payable within one year | 42/48 | €133,709 | €577,841 | +€444,132 | +332% |
| Current portion of amounts payable after more than one year | 42 | €14,451 | €15,931 | +€1,480 | +10.2% |
| Financial debts | 43 | €10,298 | €450,642 | +€440,344 | +4,276% |
| Credit institutions | 430/8 | €10,298 | €450,642 | +€440,344 | +4,276% |
| Trade debts | 44 | €62,428 | €88,388 | +€25,960 | +41.6% |
| Suppliers | 440/4 | €62,428 | €88,388 | +€25,960 | +41.6% |
| Taxes, remuneration and social security | 45 | €3,264 | €3,136 | -€129 | -4.0% |
| Taxes | 450/3 | €3,264 | €3,136 | -€129 | -4.0% |
| Other amounts payable | 47/48 | €43,267 | €19,744 | -€23,523 | -54.4% |
| Accrued charges and deferred income | 492/3 | €63 | €5,532 | +€5,469 | +8,660% |
| Turnover | 70 | €4,773,000 | - | -€4.8m | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €4,598,888 | - | -€4.6m | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,372 | €45,336 | -€37 | -0.1% |
| Other operating charges | 640/8 | €6,865 | €4,203 | -€2,663 | -38.8% |
| Non-recurring operating charges | 66A | €37,369 | €60 | -€37,310 | -99.8% |
| Gross operating margin | 9900 | €483,861 | -€80,162 | -€564,022 | |
| Operating profit (loss) | 9901 | €394,254 | -€129,760 | -€524,013 | |
| Financial income | 75/76B | €1,764 | €1,266 | -€498 | -28.2% |
| Recurring financial income | 75 | €1,764 | €1,266 | -€498 | -28.2% |
| Financial charges | 65/66B | €129,076 | €120,158 | -€8,918 | -6.9% |
| Recurring financial charges | 65 | €129,076 | €120,158 | -€8,918 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €266,942 | -€248,652 | -€515,594 | |
| Income taxes | 67/77 | €3,264 | €3,136 | -€129 | -4.0% |
| Profit (loss) for the period | 9904 | €263,677 | -€251,788 | -€515,465 | |
| Profit (loss) for the period to be appropriated | 9905 | €263,677 | -€251,788 | -€515,465 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.