FONCIERE DE WATERLOO: 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 DE WATERLOO
Largest movements
- Tangible fixed assets -€18,037
down €18,037 (-3.9%), from €457,325 to €439,287
of which Land and buildings: -€12,750
- Cash +€6,572
up €6,572 (+20.7%), from €31,749 to €38,320
mainly Depreciation (+€18,037)
- Profit (loss) carried forward -€9,002
down €9,002 (-2.2%), from €403,762 to €394,760
- Depreciation -€2,614
down €2,614 (-12.7%), from €20,652 to €18,037
- Other operating charges +€253
up €253 (+7.2%), from €3,499 to €3,752
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 | €490,185 | €480,608 | -€9,578 | -2.0% |
| Fixed assets | 21/28 | €457,325 | €439,287 | -€18,037 | -3.9% |
| Tangible fixed assets | 22/27 | €457,325 | €439,287 | -€18,037 | -3.9% |
| Land and buildings | 22 | €427,375 | €414,625 | -€12,750 | -3.0% |
| Plant, machinery and equipment | 23 | €29,950 | €24,662 | -€5,287 | -17.7% |
| Current assets | 29/58 | €32,861 | €41,320 | +€8,460 | +25.7% |
| Amounts receivable within one year | 40/41 | €1,112 | €3,000 | +€1,888 | +170% |
| Trade receivables | 40 | €1,112 | €3,000 | +€1,888 | +170% |
| Cash at bank and in hand | 54/58 | €31,749 | €38,320 | +€6,572 | +20.7% |
| Total equity and liabilities | 10/49 | €490,185 | €480,608 | -€9,578 | -2.0% |
| Equity | 10/15 | €427,667 | €418,665 | -€9,002 | -2.1% |
| Contributions | 10/11 | €20,967 | €20,967 | = | 0.0% |
| Reserves | 13 | €2,939 | €2,939 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,097 | €2,097 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,097 | €2,097 | = | 0.0% |
| Tax-exempt reserves | 132 | €842 | €842 | = | 0.0% |
| Profit (loss) carried forward | 14 | €403,762 | €394,760 | -€9,002 | -2.2% |
| Amounts payable | 17/49 | €62,518 | €61,942 | -€576 | -0.9% |
| Amounts payable within one year | 42/48 | €62,518 | €61,942 | -€576 | -0.9% |
| Trade debts | 44 | €34,269 | €34,268 | -€1 | 0.0% |
| Suppliers | 440/4 | €34,269 | €34,268 | -€1 | 0.0% |
| Other amounts payable | 47/48 | €28,249 | €27,674 | -€574 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,652 | €18,037 | -€2,614 | -12.7% |
| Other operating charges | 640/8 | €3,499 | €3,752 | +€253 | +7.2% |
| Gross operating margin | 9900 | €13,520 | €13,479 | -€42 | -0.3% |
| Operating profit (loss) | 9901 | -€10,630 | -€8,311 | +€2,319 | +21.8% |
| Financial charges | 65/66B | €578 | €691 | +€114 | +19.7% |
| Recurring financial charges | 65 | €578 | €691 | +€114 | +19.7% |
| Profit (loss) for the period before taxes | 9903 | -€11,208 | -€9,002 | +€2,206 | +19.7% |
| Profit (loss) for the period | 9904 | -€11,208 | -€9,002 | +€2,206 | +19.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,208 | -€9,002 | +€2,206 | +19.7% |
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.