F.E.G. Real ESTATE: 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
F.E.G. Real ESTATE
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€49,062
2024 · -€49,957+€895
Equity
-€492,894
2024 · -€443,832-€49,062
Cash
€83,955
2024 · €81,679+€2,276
Balance sheet total
€6.0m
2024 · €6.1m-€157,057
Largest movements
Assets
- Tangible fixed assets -€150,627
down €150,627 (-2.6%), from €5.8m to €5.6m
Equity and liabilities
- Debts after one year -€118,520
down €118,520 (-2.4%), from €4.9m to €4.7m
Income statement
- Financial charges -€2,555
down €2,555 (-2.9%), from €88,797 to €86,241
- Gross operating margin -€2,041
down €2,041 (-1.1%), from €186,613 to €184,572
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
-€49,957
Gross operating margin
-€2,041
Other operating charges
+€273
Financial income
+€143
Financial charges
+€2,555
Taxes
-€36
Result 2025
-€49,062
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
+€117,882
Investment
€0
Financing
-€115,606
Cash 2024
€81,679
From operations (derived)
+€117,882
Net result for the year
-€49,062
Depreciation
+€150,627
Receivables within one year
+€8,706
Trade debts
+€111
Other debts
+€7,500
Financing
-€115,606
Debts after one year
-€118,520
Current portion of long-term debt
+€2,914
Cash 2025
€83,955
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,127,633 | €5,970,576 | -€157,057 | -2.6% |
| Fixed assets | 21/28 | €5,787,001 | €5,636,373 | -€150,627 | -2.6% |
| Tangible fixed assets | 22/27 | €5,762,001 | €5,611,373 | -€150,627 | -2.6% |
| Land and buildings | 22 | €5,762,001 | €5,611,373 | -€150,627 | -2.6% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €340,633 | €334,203 | -€6,430 | -1.9% |
| Amounts receivable after more than one year | 29 | €250,000 | €250,000 | = | 0.0% |
| Other amounts receivable | 291 | €250,000 | €250,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,954 | €248 | -€8,706 | -97.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €8,954 | €248 | -€8,706 | -97.2% |
| Cash at bank and in hand | 54/58 | €81,679 | €83,955 | +€2,276 | +2.8% |
| Total equity and liabilities | 10/49 | €6,127,633 | €5,970,576 | -€157,057 | -2.6% |
| Equity | 10/15 | -€443,832 | -€492,894 | -€49,062 | -11.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€448,832 | -€497,894 | -€49,062 | -10.9% |
| Amounts payable | 17/49 | €6,571,465 | €6,463,470 | -€107,995 | -1.6% |
| Amounts payable after more than one year | 17 | €4,865,003 | €4,746,483 | -€118,520 | -2.4% |
| Financial debts | 170/4 | €4,865,003 | €4,746,483 | -€118,520 | -2.4% |
| Amounts payable within one year | 42/48 | €1,706,462 | €1,716,987 | +€10,525 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €125,360 | €128,274 | +€2,914 | +2.3% |
| Trade debts | 44 | €136 | €247 | +€111 | +81.3% |
| Suppliers | 440/4 | €136 | €247 | +€111 | +81.3% |
| Other amounts payable | 47/48 | €1,580,966 | €1,588,466 | +€7,500 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €150,627 | €150,627 | = | 0.0% |
| Other operating charges | 640/8 | €6,612 | €6,339 | -€273 | -4.1% |
| Gross operating margin | 9900 | €186,613 | €184,572 | -€2,041 | -1.1% |
| Operating profit (loss) | 9901 | €29,374 | €27,606 | -€1,768 | -6.0% |
| Financial income | 75/76B | €9,430 | €9,573 | +€143 | +1.5% |
| Recurring financial income | 75 | €9,430 | €9,573 | +€143 | +1.5% |
| Financial charges | 65/66B | €88,797 | €86,241 | -€2,555 | -2.9% |
| Recurring financial charges | 65 | €88,797 | €86,241 | -€2,555 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | -€49,993 | -€49,062 | +€931 | +1.9% |
| Income taxes | 67/77 | -€36 | €0 | +€36 | |
| Profit (loss) for the period | 9904 | -€49,957 | -€49,062 | +€895 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,957 | -€49,062 | +€895 | +1.8% |
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.