Résidence Saint-Georges: 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
Résidence Saint-Georges
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€41,816
2024 · €28,599+€13,217
Equity
€1.2m
2024 · €1.1m+€41,816
Cash
€354,785
2024 · €182,397+€172,388
Balance sheet total
€1.3m
2024 · €1.3m+€19,493
Largest movements
Assets
- Cash +€172,388
up €172,388 (+94.5%), from €182,397 to €354,785
mainly Depreciation (+€150,893) and Net result for the year (+€41,816)
- Tangible fixed assets -€150,893
down €150,893 (-28.8%), from €524,826 to €373,933
Equity and liabilities
- Profit (loss) carried forward +€41,816
up €41,816 (+17.2%), from €242,662 to €284,478
- Current portion of long-term debt -€26,563
down €26,563 (-100%), from €26,563 to €0
Income statement
- Taxes +€60,460
up €60,460 (+634%), from €9,533 to €69,993
- Gross operating margin +€56,439
up €56,439 (+26.8%), from €210,665 to €267,104
- Write-downs -€15,450
down €15,450 (-100%), from €15,450 to €0
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.
Result 2024
€28,599
Gross operating margin
+€56,439
Depreciation
-€630
Write-downs
+€15,450
Other operating charges
+€572
Financial charges
+€1,846
Taxes
-€60,460
Result 2025
€41,816
raises the resultlowers the result
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.
From operations
+€198,951
Investment
€0
Financing
-€26,563
Cash 2024
€182,397
From operations (derived)
+€198,951
Net result for the year
+€41,816
Depreciation
+€150,893
Receivables within one year
+€611
Deferred charges and accrued income
+€1,392
Provisions
-€9,104
Trade debts
+€8,315
Advances received
+€4,690
Other debts
+€339
Financing
-€26,563
Current portion of long-term debt
-€26,563
Cash 2025
€354,785
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,305,818 | €1,325,311 | +€19,493 | +1.5% |
| Fixed assets | 21/28 | €1,090,023 | €939,131 | -€150,893 | -13.8% |
| Tangible fixed assets | 22/27 | €524,826 | €373,933 | -€150,893 | -28.8% |
| Land and buildings | 22 | €524,826 | €373,933 | -€150,893 | -28.8% |
| Financial fixed assets | 28 | €565,197 | €565,197 | = | 0.0% |
| Current assets | 29/58 | €215,794 | €386,180 | +€170,386 | +79.0% |
| Amounts receivable within one year | 40/41 | €32,005 | €31,395 | -€611 | -1.9% |
| Trade receivables | 40 | €31,582 | €30,971 | -€611 | -1.9% |
| Other amounts receivable | 41 | €423 | €423 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €182,397 | €354,785 | +€172,388 | +94.5% |
| Deferred charges and accrued income | 490/1 | €1,392 | €0 | -€1,392 | -100% |
| Total equity and liabilities | 10/49 | €1,305,818 | €1,325,311 | +€19,493 | +1.5% |
| Equity | 10/15 | €1,135,511 | €1,177,327 | +€41,816 | +3.7% |
| Contributions | 10/11 | €775,907 | €775,907 | = | 0.0% |
| Capital | 10 | €775,907 | €775,907 | = | 0.0% |
| Issued capital | 100 | €775,907 | €775,907 | = | 0.0% |
| Reserves | 13 | €116,943 | €116,943 | = | 0.0% |
| Non-distributable reserves | 130/1 | €27,701 | €27,701 | = | 0.0% |
| Legal reserve | 130 | €27,701 | €27,701 | = | 0.0% |
| Distributable reserves | 133 | €89,242 | €89,242 | = | 0.0% |
| Profit (loss) carried forward | 14 | €242,662 | €284,478 | +€41,816 | +17.2% |
| Provisions and deferred taxes | 16 | €18,637 | €9,533 | -€9,104 | -48.8% |
| Provisions for liabilities and charges | 160/5 | €18,637 | €9,533 | -€9,104 | -48.8% |
| Taxes | 161 | €18,637 | €9,533 | -€9,104 | -48.8% |
| Amounts payable | 17/49 | €151,669 | €138,450 | -€13,219 | -8.7% |
| Amounts payable after more than one year | 17 | €2,260 | €2,260 | = | 0.0% |
| Other amounts payable | 178/9 | €2,260 | €2,260 | = | 0.0% |
| Amounts payable within one year | 42/48 | €149,409 | €136,190 | -€13,219 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €26,563 | €0 | -€26,563 | -100% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €61,989 | €70,304 | +€8,315 | +13.4% |
| Suppliers | 440/4 | €61,989 | €70,304 | +€8,315 | +13.4% |
| Advances received on contracts in progress | 46 | €10,140 | €14,831 | +€4,690 | +46.3% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €50,717 | €51,056 | +€339 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €150,263 | €150,893 | +€630 | +0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,450 | €0 | -€15,450 | -100% |
| Other operating charges | 640/8 | €1,891 | €1,318 | -€572 | -30.3% |
| Gross operating margin | 9900 | €210,665 | €267,104 | +€56,439 | +26.8% |
| Operating profit (loss) | 9901 | €43,061 | €114,892 | +€71,831 | +167% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €4,929 | €3,083 | -€1,846 | -37.4% |
| Recurring financial charges | 65 | €4,929 | €3,083 | -€1,846 | -37.4% |
| Profit (loss) for the period before taxes | 9903 | €38,132 | €111,809 | +€73,677 | +193% |
| Income taxes | 67/77 | €9,533 | €69,993 | +€60,460 | +634% |
| Profit (loss) for the period | 9904 | €28,599 | €41,816 | +€13,217 | +46.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,599 | €41,816 | +€13,217 | +46.2% |
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 29 October 2026 via checked.be.