FA PROPRIETAS: 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.
FA PROPRIETAS
Largest movements
- Tangible fixed assets +€1.4m
up €1.4m (+153%), from €926,979 to €2.3m
of which Land and buildings: +€1.5m
- Receivables within one year +€39,775
up €39,775 (+134%), from €29,585 to €69,360
- Debts after one year +€1.6m
new in 2025: €1.6m
- Trade debts -€62,201
down €62,201 (-88.1%), from €70,643 to €8,442
- Other debts -€60,851
no longer reported in 2025 (was €60,851)
- Current portion of long-term debt +€60,351
new in 2025: €60,351
- Investment grants -€51,936
no longer reported in 2025 (was €51,936)
- Financial income +€65,928
new in 2025: €65,928
- Depreciation -€57,878
down €57,878 (-24.3%), from €237,988 to €180,110
- Gross operating margin -€52,106
down €52,106 (-20.6%), from €252,955 to €200,849
- Other operating charges +€49,354
up €49,354 (+343%), from €14,396 to €63,750
- Financial charges +€32,764
up €32,764 (+3,539%), from €926 to €33,690
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 | €1,012,703 | €2,472,360 | +€1.5m | +144% |
| Fixed assets | 21/28 | €926,979 | €2,344,818 | +€1.4m | +153% |
| Tangible fixed assets | 22/27 | €926,979 | €2,344,818 | +€1.4m | +153% |
| Land and buildings | 22 | €642,353 | €2,104,489 | +€1.5m | +228% |
| Plant, machinery and equipment | 23 | €284,626 | €220,909 | -€63,717 | -22.4% |
| Furniture and vehicles | 24 | - | €19,421 | +€19,421 | |
| Current assets | 29/58 | €85,724 | €127,542 | +€41,818 | +48.8% |
| Amounts receivable within one year | 40/41 | €29,585 | €69,360 | +€39,775 | +134% |
| Trade receivables | 40 | €29,585 | €69,360 | +€39,775 | +134% |
| Cash at bank and in hand | 54/58 | €56,140 | €57,969 | +€1,829 | +3.3% |
| Deferred charges and accrued income | 490/1 | - | €214 | +€214 | |
| Total equity and liabilities | 10/49 | €1,012,703 | €2,472,360 | +€1.5m | +144% |
| Equity | 10/15 | €821,829 | €760,743 | -€61,086 | -7.4% |
| Contributions | 10/11 | €104,233 | €104,233 | = | 0.0% |
| Reserves | 13 | €665,661 | €656,511 | -€9,150 | -1.4% |
| Tax-exempt reserves | 132 | €33,961 | €27,153 | -€6,808 | -20.0% |
| Distributable reserves | 133 | €631,699 | €629,358 | -€2,341 | -0.4% |
| Investment grants | 15 | €51,936 | - | -€51,936 | |
| Provisions and deferred taxes | 16 | €44,062 | €24,882 | -€19,180 | -43.5% |
| Deferred taxes | 168 | €44,062 | €24,882 | -€19,180 | -43.5% |
| Amounts payable | 17/49 | €146,812 | €1,686,735 | +€1.5m | +1,049% |
| Amounts payable after more than one year | 17 | - | €1,609,090 | +€1.6m | |
| Financial debts | 170/4 | - | €1,609,090 | +€1.6m | |
| Amounts payable within one year | 42/48 | €146,812 | €77,644 | -€69,168 | -47.1% |
| Current portion of amounts payable after more than one year | 42 | - | €60,351 | +€60,351 | |
| Trade debts | 44 | €70,643 | €8,442 | -€62,201 | -88.1% |
| Suppliers | 440/4 | €70,643 | €8,442 | -€62,201 | -88.1% |
| Taxes, remuneration and social security | 45 | €15,319 | €8,852 | -€6,467 | -42.2% |
| Taxes | 450/3 | €15,319 | €8,852 | -€6,467 | -42.2% |
| Other amounts payable | 47/48 | €60,851 | - | -€60,851 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €237,988 | €180,110 | -€57,878 | -24.3% |
| Other operating charges | 640/8 | €14,396 | €63,750 | +€49,354 | +343% |
| Gross operating margin | 9900 | €252,955 | €200,849 | -€52,106 | -20.6% |
| Operating profit (loss) | 9901 | €570 | -€43,011 | -€43,582 | |
| Financial income | 75/76B | - | €65,928 | +€65,928 | |
| Recurring financial income | 75 | - | €65,928 | +€65,928 | |
| Financial charges | 65/66B | €926 | €33,690 | +€32,764 | +3,539% |
| Recurring financial charges | 65 | €926 | €33,690 | +€32,764 | +3,539% |
| Profit (loss) for the period before taxes | 9903 | -€356 | -€10,773 | -€10,417 | -2,929% |
| Transfer from deferred taxes | 780 | €8,099 | €5,187 | -€2,912 | -36.0% |
| Income taxes | 67/77 | €6,853 | €3,564 | -€3,289 | -48.0% |
| Profit (loss) for the period | 9904 | €890 | -€9,150 | -€10,040 | |
| Transfer from tax-exempt reserves | 789 | €10,213 | €6,808 | -€3,404 | -33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,103 | -€2,341 | -€13,444 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.