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GROUND PROPERTY: 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.

What changed

GROUND PROPERTY

BE 0806.842.436
NACE 68.310, Real estate agency activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€24,674
2024 · -€23,756-€919
Equity
-€151,909
2024 · -€127,235-€24,674
Cash
€11,032
2024 · €1,285+€9,747
Balance sheet total
€368,693
2024 · €364,253+€4,440

Largest movements

2024 to 2025
Assets
  • Cash +€9,747

    up €9,747 (+758.6%), from €1,285 to €11,032

    mainly Other debts (+€51,964) and Investment in fixed assets (net) (+€5,307)

  • Financial fixed assets -€5,307

    down €5,307 (-5.4%), from €97,931 to €92,624

Equity and liabilities
  • Other debts +€51,964

    up €51,964 (+172.2%), from €30,177 to €82,141

  • Profit (loss) carried forward -€24,674

    down €24,674 (-6.7%), from -€367,235 to -€391,909

  • Debts after one year -€19,779

    down €19,779 (-4.7%), from €422,639 to €402,860

  • Trade debts -€3,702

    down €3,702 (-20.8%), from €17,773 to €14,071

Income statement
  • Financial charges +€626

    up €626 (+2.6%), from €24,158 to €24,784

  • Other operating charges +€488

    up €488 (+94.2%), from €518 to €1,005

  • Gross operating margin +€474

    up €474 (+10.1%), from -€4,684 to -€4,210

  • Financial income -€280

    down €280 (-5.0%), from €5,604 to €5,325

From the 2024 result to the 2025 result

effect on the 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 2024 -€23,756
Gross operating margin +€474
Other operating charges -€488
Financial income -€280
Financial charges -€626
Result 2025 -€24,674

Cash bridge derived

cash 2024 to 2025

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.

From operations +€23,557
Investment +€5,307
Financing -€19,117
Cash 2024 €1,285
Net result for the year -€24,674
Trade debts -€3,702
Other debts +€51,964
Accrued charges and deferred income -€31
Investment in fixed assets (net) +€5,307
Debts after one year -€19,779
Current portion of long-term debt +€661
Cash 2025 €11,032
Every line side by side 34 lines
Line Code 2024 2025 Change %
Total assets 20/58 €364,253 €368,693 +€4,440 +1.2%
Formation expenses 20 €0 €0 =
Fixed assets 21/28 €362,931 €357,624 -€5,307 -1.5%
Tangible fixed assets 22/27 €265,000 €265,000 = 0.0%
Land and buildings 22 €265,000 €265,000 = 0.0%
Financial fixed assets 28 €97,931 €92,624 -€5,307 -5.4%
Current assets 29/58 €1,323 €11,069 +€9,747 +736.9%
Amounts receivable within one year 40/41 €38 €38 = 0.0%
Trade receivables 40 €38 €38 = 0.0%
Cash at bank and in hand 54/58 €1,285 €11,032 +€9,747 +758.6%
Total equity and liabilities 10/49 €364,253 €368,693 +€4,440 +1.2%
Equity 10/15 -€127,235 -€151,909 -€24,674 -19.4%
Contributions 10/11 €240,000 €240,000 = 0.0%
Profit (loss) carried forward 14 -€367,235 -€391,909 -€24,674 -6.7%
Amounts payable 17/49 €491,488 €520,602 +€29,114 +5.9%
Amounts payable after more than one year 17 €422,639 €402,860 -€19,779 -4.7%
Financial debts 170/4 €422,639 €402,860 -€19,779 -4.7%
Amounts payable within one year 42/48 €67,114 €116,038 +€48,924 +72.9%
Current portion of amounts payable after more than one year 42 €19,164 €19,825 +€661 +3.5%
Trade debts 44 €17,773 €14,071 -€3,702 -20.8%
Suppliers 440/4 €17,773 €14,071 -€3,702 -20.8%
Other amounts payable 47/48 €30,177 €82,141 +€51,964 +172.2%
Accrued charges and deferred income 492/3 €1,735 €1,704 -€31 -1.8%
Non-recurring operating income 76A €7,808 €8,416 +€608 +7.8%
Other operating charges 640/8 €518 €1,005 +€488 +94.2%
Gross operating margin 9900 -€4,684 -€4,210 +€474 +10.1%
Operating profit (loss) 9901 -€5,202 -€5,215 -€13 -0.3%
Financial income 75/76B €5,604 €5,325 -€280 -5.0%
Recurring financial income 75 €5,604 €5,325 -€280 -5.0%
Financial charges 65/66B €24,158 €24,784 +€626 +2.6%
Recurring financial charges 65 €24,158 €24,784 +€626 +2.6%
Profit (loss) for the period before taxes 9903 -€23,756 -€24,674 -€919 -3.9%
Profit (loss) for the period 9904 -€23,756 -€24,674 -€919 -3.9%
Profit (loss) for the period to be appropriated 9905 -€23,756 -€24,674 -€919 -3.9%

Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.