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Nil 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.

What changed

Nil Properties

BE 0791.355.890
NACE 68.110, Buying and selling of own real estate
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€7,507
2023 · -€77,359+€84,866
Equity
-€8,352
2023 · -€15,859+€7,507
Cash
€6,895
2023 · €1,999+€4,896
Balance sheet total
€626,594
2023 · €459,747+€166,846

Largest movements

2023 to 2024
Assets
  • Tangible fixed assets +€159,675

    up €159,675 (+34.9%), from €457,410 to €617,085

    of which Other tangible fixed assets: +€174,481

Equity and liabilities
  • Debts after one year +€156,543

    up €156,543 (+34.4%), from €455,692 to €612,235

    of which Other amounts payable: +€174,481

  • Profit (loss) carried forward +€7,507

    up €7,507 (+9.7%), from -€77,359 to -€69,852

Income statement
  • Depreciation -€59,912

    down €59,912 (-80.2%), from €74,718 to €14,805

  • Gross operating margin +€26,182

    up €26,182 (+289.6%), from €9,041 to €35,223

  • Financial charges +€1,526

    up €1,526 (+15.4%), from €9,914 to €11,440

From the 2023 result to the 2024 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 2023 -€77,359
Gross operating margin +€26,182
Depreciation +€59,912
Other operating charges +€298
Financial charges -€1,526
Result 2024 €7,507

Cash bridge derived

cash 2023 to 2024

Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.

From operations +€22,306
Investment -€174,481
Financing +€157,071
Cash 2023 €1,999
Net result for the year +€7,507
Depreciation +€14,805
Receivables within one year -€2,250
Smaller working-capital items -€398
Other debts +€2,641
Investment in fixed assets (net) -€174,481
Debts after one year +€156,543
Current portion of long-term debt +€528
Cash 2024 €6,895
Every line side by side 34 lines
Line Code 2023 2024 Change %
Total assets 20/58 €459,747 €626,594 +€166,846 +36.3%
Fixed assets 21/28 €457,410 €617,085 +€159,675 +34.9%
Tangible fixed assets 22/27 €457,410 €617,085 +€159,675 +34.9%
Land and buildings 22 €457,410 €442,604 -€14,805 -3.2%
Other tangible fixed assets 26 - €174,481 +€174,481
Current assets 29/58 €2,338 €9,509 +€7,171 +306.7%
Amounts receivable within one year 40/41 - €2,250 +€2,250
Trade receivables 40 - €2,250 +€2,250
Cash at bank and in hand 54/58 €1,999 €6,895 +€4,896 +244.9%
Deferred charges and accrued income 490/1 €339 €364 +€25 +7.5%
Total equity and liabilities 10/49 €459,747 €626,594 +€166,846 +36.3%
Equity 10/15 -€15,859 -€8,352 +€7,507 +47.3%
Contributions 10/11 €61,500 €61,500 = 0.0%
Capital 10 €61,500 €61,500 = 0.0%
Issued capital 100 €61,500 €61,500 = 0.0%
Profit (loss) carried forward 14 -€77,359 -€69,852 +€7,507 +9.7%
Amounts payable 17/49 €475,607 €634,946 +€159,340 +33.5%
Amounts payable after more than one year 17 €455,692 €612,235 +€156,543 +34.4%
Financial debts 170/4 €280,692 €262,755 -€17,938 -6.4%
Other amounts payable 178/9 €175,000 €349,481 +€174,481 +99.7%
Amounts payable within one year 42/48 €19,914 €22,711 +€2,797 +14.0%
Current portion of amounts payable after more than one year 42 €17,410 €17,938 +€528 +3.0%
Trade debts 44 €634 €262 -€372 -58.7%
Suppliers 440/4 €634 €262 -€372 -58.7%
Other amounts payable 47/48 €1,870 €4,511 +€2,641 +141.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €74,718 €14,805 -€59,912 -80.2%
Other operating charges 640/8 €1,769 €1,471 -€298 -16.8%
Gross operating margin 9900 €9,041 €35,223 +€26,182 +289.6%
Operating profit (loss) 9901 -€67,445 €18,947 +€86,392
Financial charges 65/66B €9,914 €11,440 +€1,526 +15.4%
Recurring financial charges 65 €9,914 €11,440 +€1,526 +15.4%
Profit (loss) for the period before taxes 9903 -€77,359 €7,507 +€84,866
Profit (loss) for the period 9904 -€77,359 €7,507 +€84,866
Profit (loss) for the period to be appropriated 9905 -€77,359 €7,507 +€84,866

Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.