SUSTAINABLE URBAN DEVELOPMENT: 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.
SUSTAINABLE URBAN DEVELOPMENT
Largest movements
- Receivables after one year -€110,000
down €110,000 (-71.0%), from €155,000 to €45,000
- Cash +€17,415
up €17,415 (+62.7%), from €27,794 to €45,209
mainly Receivables after one year (+€110,000) and Net result for the year (+€46,424)
- Tangible fixed assets -€10,193
down €10,193 (-2.9%), from €351,395 to €341,201
of which Land and buildings: -€9,616
- Other debts -€77,259
down €77,259 (-58.1%), from €133,009 to €55,750
- Debts after one year -€12,974
down €12,974 (-10.0%), from €129,316 to €116,342
- Reserves -€8,317
down €8,317 (-3.1%), from €267,665 to €259,348
of which Distributable reserves: -€8,317
- Gross operating margin -€4,155
down €4,155 (-4.8%), from €86,326 to €82,172
- Financial income +€3,263
up €3,263 (+279%), from €1,171 to €4,434
- Depreciation -€880
down €880 (-6.4%), from €13,724 to €12,844
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €565,163 | €465,228 | -€99,935 | -17.7% |
| Fixed assets | 21/28 | €353,672 | €342,931 | -€10,741 | -3.0% |
| Intangible fixed assets | 21 | €2,277 | €1,730 | -€548 | -24.0% |
| Tangible fixed assets | 22/27 | €351,395 | €341,201 | -€10,193 | -2.9% |
| Land and buildings | 22 | €349,261 | €339,645 | -€9,616 | -2.8% |
| Plant, machinery and equipment | 23 | €227 | - | -€227 | |
| Other tangible fixed assets | 26 | €1,906 | €1,556 | -€350 | -18.4% |
| Current assets | 29/58 | €211,491 | €122,297 | -€89,194 | -42.2% |
| Amounts receivable after more than one year | 29 | €155,000 | €45,000 | -€110,000 | -71.0% |
| Other amounts receivable | 291 | €155,000 | €45,000 | -€110,000 | -71.0% |
| Amounts receivable within one year | 40/41 | €24,623 | €24,827 | +€204 | +0.8% |
| Trade receivables | 40 | €24,623 | €22,234 | -€2,389 | -9.7% |
| Other amounts receivable | 41 | - | €2,593 | +€2,593 | |
| Cash at bank and in hand | 54/58 | €27,794 | €45,209 | +€17,415 | +62.7% |
| Deferred charges and accrued income | 490/1 | €4,074 | €7,261 | +€3,187 | +78.2% |
| Total equity and liabilities | 10/49 | €565,163 | €465,228 | -€99,935 | -17.7% |
| Equity | 10/15 | €277,895 | €269,578 | -€8,317 | -3.0% |
| Contributions | 10/11 | €10,230 | €10,230 | = | 0.0% |
| Reserves | 13 | €267,665 | €259,348 | -€8,317 | -3.1% |
| Tax-exempt reserves | 132 | €9,042 | €9,042 | = | 0.0% |
| Distributable reserves | 133 | €258,623 | €250,306 | -€8,317 | -3.2% |
| Amounts payable | 17/49 | €287,268 | €195,650 | -€91,618 | -31.9% |
| Amounts payable after more than one year | 17 | €129,316 | €116,342 | -€12,974 | -10.0% |
| Financial debts | 170/4 | €129,316 | €116,342 | -€12,974 | -10.0% |
| Amounts payable within one year | 42/48 | €157,953 | €79,309 | -€78,644 | -49.8% |
| Current portion of amounts payable after more than one year | 42 | €12,715 | €12,974 | +€259 | +2.0% |
| Trade debts | 44 | €1,258 | €1,567 | +€309 | +24.6% |
| Suppliers | 440/4 | €1,258 | €1,567 | +€309 | +24.6% |
| Taxes, remuneration and social security | 45 | €10,970 | €9,017 | -€1,953 | -17.8% |
| Taxes | 450/3 | €10,970 | €9,017 | -€1,953 | -17.8% |
| Other amounts payable | 47/48 | €133,009 | €55,750 | -€77,259 | -58.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,724 | €12,844 | -€880 | -6.4% |
| Other operating charges | 640/8 | €1,719 | €1,740 | +€20 | +1.2% |
| Gross operating margin | 9900 | €86,326 | €82,172 | -€4,155 | -4.8% |
| Operating profit (loss) | 9901 | €70,883 | €67,588 | -€3,295 | -4.6% |
| Financial income | 75/76B | €1,171 | €4,434 | +€3,263 | +279% |
| Recurring financial income | 75 | €1,171 | €4,434 | +€3,263 | +279% |
| Financial charges | 65/66B | €3,171 | €3,162 | -€9 | -0.3% |
| Recurring financial charges | 65 | €3,171 | €3,162 | -€9 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €68,883 | €68,860 | -€23 | 0.0% |
| Income taxes | 67/77 | €22,943 | €22,436 | -€507 | -2.2% |
| Profit (loss) for the period | 9904 | €45,940 | €46,424 | +€483 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €45,940 | €46,424 | +€483 | +1.1% |
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 25 October 2026 via checked.be.