FONCIERE D'AVROY: 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.
FONCIERE D'AVROY
Largest movements
- Tangible fixed assets -€38,513
down €38,513 (-6.5%), from €592,671 to €554,158
of which Furniture and vehicles: -€29,608
- Receivables within one year -€32,687
down €32,687 (-41.2%), from €79,420 to €46,733
- Profit (loss) carried forward +€398,564
no longer reported in 2025 (was -€398,564)
- Reserves -€304,138
down €304,138 (-58.5%), from €519,767 to €215,629
of which Tax-exempt reserves: -€519,767
- Provisions -€212,299
no longer reported in 2025 (was €212,299)
- Tax, wage and social debts +€70,069
new in 2025: €70,069
- Short-term financial debts -€29,048
down €29,048 (-9.1%), from €319,437 to €290,389
- Gross operating margin +€759,026
up €759,026 (+12,971%), from €5,852 to €764,877
- Taxes +€63,804
up €63,804 (+1,019%), from €6,264 to €70,069
- Other operating charges -€12,145
down €12,145 (-68.2%), from €17,808 to €5,663
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 | €686,839 | €619,362 | -€67,477 | -9.8% |
| Fixed assets | 21/28 | €592,671 | €554,158 | -€38,513 | -6.5% |
| Tangible fixed assets | 22/27 | €592,671 | €554,158 | -€38,513 | -6.5% |
| Land and buildings | 22 | €418,163 | €400,629 | -€17,534 | -4.2% |
| Plant, machinery and equipment | 23 | €100,367 | €108,996 | +€8,629 | +8.6% |
| Furniture and vehicles | 24 | €74,141 | €44,533 | -€29,608 | -39.9% |
| Current assets | 29/58 | €94,168 | €65,204 | -€28,963 | -30.8% |
| Amounts receivable within one year | 40/41 | €79,420 | €46,733 | -€32,687 | -41.2% |
| Other amounts receivable | 41 | €79,420 | €46,733 | -€32,687 | -41.2% |
| Cash at bank and in hand | 54/58 | €14,748 | €18,472 | +€3,724 | +25.2% |
| Total equity and liabilities | 10/49 | €686,839 | €619,362 | -€67,477 | -9.8% |
| Equity | 10/15 | €146,203 | €240,629 | +€94,426 | +64.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €519,767 | €215,629 | -€304,138 | -58.5% |
| Tax-exempt reserves | 132 | €519,767 | - | -€519,767 | |
| Distributable reserves | 133 | - | €215,629 | +€215,629 | |
| Profit (loss) carried forward | 14 | -€398,564 | - | +€398,564 | |
| Provisions and deferred taxes | 16 | €212,299 | - | -€212,299 | |
| Deferred taxes | 168 | €212,299 | - | -€212,299 | |
| Amounts payable | 17/49 | €328,337 | €378,734 | +€50,397 | +15.3% |
| Amounts payable within one year | 42/48 | €328,337 | €378,734 | +€50,397 | +15.3% |
| Current portion of amounts payable after more than one year | 42 | €8,900 | €18,276 | +€9,376 | +105% |
| Financial debts | 43 | €319,437 | €290,389 | -€29,048 | -9.1% |
| Credit institutions | 430/8 | €319,437 | €290,389 | -€29,048 | -9.1% |
| Taxes, remuneration and social security | 45 | - | €70,069 | +€70,069 | |
| Taxes | 450/3 | - | €70,069 | +€70,069 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,749 | €75,418 | +€1,669 | +2.3% |
| Other operating charges | 640/8 | €17,808 | €5,663 | -€12,145 | -68.2% |
| Gross operating margin | 9900 | €5,852 | €764,877 | +€759,026 | +12,971% |
| Operating profit (loss) | 9901 | -€85,705 | €683,797 | +€769,502 | |
| Financial income | 75/76B | €5,628 | €4,313 | -€1,315 | -23.4% |
| Recurring financial income | 75 | €5,628 | €4,313 | -€1,315 | -23.4% |
| Financial charges | 65/66B | €4,186 | €3,849 | -€337 | -8.1% |
| Recurring financial charges | 65 | €4,186 | €3,849 | -€337 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | -€84,263 | €684,261 | +€768,524 | |
| Transfer from deferred taxes | 780 | €5,582 | - | -€5,582 | |
| Income taxes | 67/77 | €6,264 | €70,069 | +€63,804 | +1,019% |
| Profit (loss) for the period | 9904 | -€84,945 | €614,192 | +€699,137 | |
| Transfer from tax-exempt reserves | 789 | €13,667 | - | -€13,667 | |
| Profit (loss) for the period to be appropriated | 9905 | -€71,277 | €614,192 | +€685,470 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.