Park avenue properties: what changed
Park avenue properties
Largest movements
- Tangible fixed assets +€108,616
up €108,616 (+4.8%), from €2.3m to €2.4m
- Receivables within one year -€33,566
no longer reported in 2024 (was €33,566)
of which Trade receivables: -€28,950
- Other debts +€278,400
up €278,400 (+10.8%), from €2.6m to €2.9m
- Profit (loss) carried forward -€153,787
down €153,787 (-5.5%), from -€2.8m to -€2.9m
- Revaluation surpluses -€54,511
down €54,511 (-8.9%), from €615,654 to €561,144
- Reserves +€54,511
up €54,511 (+20.2%), from €269,346 to €323,857
- Short-term financial debts -€52,993
down €52,993 (-4.2%), from €1.3m to €1.2m
- Gross operating margin +€30,125
up €30,125 (+53.2%), from -€56,617 to -€26,493
- Depreciation +€25,607
new in 2024: €25,607
- Financial charges -€8,408
down €8,408 (-10.9%), from €77,246 to €68,839
- Other operating charges -€6,230
down €6,230 (-15.9%), from €39,078 to €32,849
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,317,239 | €2,392,101 | +€74,862 | +3.2% |
| Fixed assets | 21/28 | €2,283,485 | €2,392,101 | +€108,616 | +4.8% |
| Tangible fixed assets | 22/27 | €2,283,485 | €2,392,101 | +€108,616 | +4.8% |
| Land and buildings | 22 | €2,283,485 | €2,392,101 | +€108,616 | +4.8% |
| Current assets | 29/58 | €33,755 | - | -€33,755 | |
| Amounts receivable within one year | 40/41 | €33,566 | - | -€33,566 | |
| Trade receivables | 40 | €28,950 | - | -€28,950 | |
| Other amounts receivable | 41 | €4,616 | - | -€4,616 | |
| Cash at bank and in hand | 54/58 | €188 | - | -€188 | |
| Total equity and liabilities | 10/49 | €2,317,239 | €2,392,101 | +€74,862 | +3.2% |
| Equity | 10/15 | -€1,510,588 | -€1,664,375 | -€153,787 | -10.2% |
| Contributions | 10/11 | €380,000 | €380,000 | = | 0.0% |
| Capital | 10 | €380,000 | €380,000 | = | 0.0% |
| Issued capital | 100 | €380,000 | €380,000 | = | 0.0% |
| Revaluation surpluses | 12 | €615,654 | €561,144 | -€54,511 | -8.9% |
| Reserves | 13 | €269,346 | €323,857 | +€54,511 | +20.2% |
| Non-distributable reserves | 130/1 | €269,346 | €323,857 | +€54,511 | +20.2% |
| Other | 1319 | €269,346 | €323,857 | +€54,511 | +20.2% |
| Profit (loss) carried forward | 14 | -€2,775,588 | -€2,929,375 | -€153,787 | -5.5% |
| Amounts payable | 17/49 | €3,827,827 | €4,056,476 | +€228,649 | +6.0% |
| Amounts payable within one year | 42/48 | €3,827,827 | €4,056,476 | +€228,649 | +6.0% |
| Financial debts | 43 | €1,250,000 | €1,197,007 | -€52,993 | -4.2% |
| Credit institutions | 430/8 | €1,250,000 | €1,197,007 | -€52,993 | -4.2% |
| Trade debts | 44 | - | €3,242 | +€3,242 | |
| Suppliers | 440/4 | - | €3,242 | +€3,242 | |
| Other amounts payable | 47/48 | €2,577,827 | €2,856,227 | +€278,400 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €25,607 | +€25,607 | |
| Other operating charges | 640/8 | €39,078 | €32,849 | -€6,230 | -15.9% |
| Gross operating margin | 9900 | -€56,617 | -€26,493 | +€30,125 | +53.2% |
| Operating profit (loss) | 9901 | -€95,696 | -€84,948 | +€10,748 | +11.2% |
| Financial charges | 65/66B | €77,246 | €68,839 | -€8,408 | -10.9% |
| Recurring financial charges | 65 | €77,246 | €68,839 | -€8,408 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | -€172,942 | -€153,787 | +€19,155 | +11.1% |
| Profit (loss) for the period | 9904 | -€172,942 | -€153,787 | +€19,155 | +11.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€172,942 | -€153,787 | +€19,155 | +11.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.