Retail Park Gembloux: 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
Retail Park Gembloux
NACE 68.122, Development of non-residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€161,996
2024 · -€403,773+€241,777
Equity
-€533,541
2024 · -€371,545-€161,996
Cash
€586,311
2024 · €418,085+€168,225
Balance sheet total
€20.2m
2024 · €20.8m-€622,629
Largest movements
Assets
- Tangible fixed assets -€503,381
down €503,381 (-2.7%), from €18.8m to €18.3m
of which Land and buildings: -€484,852
Equity and liabilities
- Debts after one year -€356,399
down €356,399 (-1.8%), from €19.8m to €19.4m
Income statement
- Financial charges -€119,120
down €119,120 (-11.7%), from €1.0m to €900,646
- Other operating charges -€115,214
down €115,214 (-97.4%), from €118,310 to €3,096
- Gross operating margin +€20,772
up €20,772 (+1.7%), from €1.2m to €1.3m
- Depreciation +€14,992
up €14,992 (+2.9%), from €509,478 to €524,470
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
-€403,773
Gross operating margin
+€20,772
Depreciation
-€14,992
Other operating charges
+€115,214
Financial income
+€1,663
Financial charges
+€119,120
Result 2025
-€161,996
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
+€543,823
Investment
-€19,199
Financing
-€356,399
Cash 2024
€418,085
From operations (derived)
+€543,823
Net result for the year
-€161,996
Depreciation
+€524,470
Receivables after one year
+€4,643
Receivables within one year
+€181,725
Deferred charges and accrued income
+€99,215
Trade debts
-€93,895
Tax, wage and social debts
+€21,999
Accrued charges and deferred income
-€32,338
Investment (derived)
-€19,199
Investment in fixed assets (net)
-€19,199
Financing
-€356,399
Debts after one year
-€356,399
Cash 2025
€586,311
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,792,908 | €20,170,278 | -€622,629 | -3.0% |
| Fixed assets | 21/28 | €18,825,092 | €18,319,820 | -€505,271 | -2.7% |
| Intangible fixed assets | 21 | €15,908 | €14,018 | -€1,890 | -11.9% |
| Tangible fixed assets | 22/27 | €18,809,184 | €18,305,803 | -€503,381 | -2.7% |
| Land and buildings | 22 | €18,509,904 | €18,025,052 | -€484,852 | -2.6% |
| Other tangible fixed assets | 26 | €299,280 | €280,750 | -€18,529 | -6.2% |
| Current assets | 29/58 | €1,967,816 | €1,850,458 | -€117,358 | -6.0% |
| Amounts receivable after more than one year | 29 | €4,643 | €0 | -€4,643 | -100% |
| Trade receivables | 290 | €4,643 | €0 | -€4,643 | -100% |
| Amounts receivable within one year | 40/41 | €714,651 | €532,926 | -€181,725 | -25.4% |
| Trade receivables | 40 | €645,660 | €532,926 | -€112,734 | -17.5% |
| Other amounts receivable | 41 | €68,991 | €0 | -€68,991 | -100% |
| Cash at bank and in hand | 54/58 | €418,085 | €586,311 | +€168,225 | +40.2% |
| Deferred charges and accrued income | 490/1 | €830,437 | €731,221 | -€99,215 | -11.9% |
| Total equity and liabilities | 10/49 | €20,792,908 | €20,170,278 | -€622,629 | -3.0% |
| Equity | 10/15 | -€371,545 | -€533,541 | -€161,996 | -43.6% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€571,545 | -€733,541 | -€161,996 | -28.3% |
| Amounts payable | 17/49 | €21,164,452 | €20,703,819 | -€460,633 | -2.2% |
| Amounts payable after more than one year | 17 | €19,750,323 | €19,393,925 | -€356,399 | -1.8% |
| Financial debts | 170/4 | €19,750,323 | €19,393,925 | -€356,399 | -1.8% |
| Amounts payable within one year | 42/48 | €922,123 | €850,227 | -€71,896 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €648,000 | €648,000 | = | 0.0% |
| Trade debts | 44 | €195,560 | €101,664 | -€93,895 | -48.0% |
| Suppliers | 440/4 | €195,560 | €101,664 | -€93,895 | -48.0% |
| Taxes, remuneration and social security | 45 | €78,563 | €100,562 | +€21,999 | +28.0% |
| Taxes | 450/3 | €78,563 | €100,562 | +€21,999 | +28.0% |
| Accrued charges and deferred income | 492/3 | €492,006 | €459,668 | -€32,338 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €509,478 | €524,470 | +€14,992 | +2.9% |
| Other operating charges | 640/8 | €118,310 | €3,096 | -€115,214 | -97.4% |
| Gross operating margin | 9900 | €1,243,780 | €1,264,552 | +€20,772 | +1.7% |
| Operating profit (loss) | 9901 | €615,992 | €736,986 | +€120,994 | +19.6% |
| Financial income | 75/76B | - | €1,663 | +€1,663 | |
| Recurring financial income | 75 | - | €1,663 | +€1,663 | |
| Financial charges | 65/66B | €1,019,765 | €900,646 | -€119,120 | -11.7% |
| Recurring financial charges | 65 | €1,019,765 | €900,646 | -€119,120 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | -€403,773 | -€161,996 | +€241,777 | +59.9% |
| Profit (loss) for the period | 9904 | -€403,773 | -€161,996 | +€241,777 | +59.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€403,773 | -€161,996 | +€241,777 | +59.9% |
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.