Foncière Malines: 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.
Foncière Malines
Largest movements
- Intangible fixed assets -€827,200
down €827,200 (-27.1%), from €3.1m to €2.2m
- Cash -€403,528
down €403,528 (-90.4%), from €446,227 to €42,699
mainly Net result for the year (-€848,391) and Trade debts (-€494,078)
- Receivables within one year +€351,152
up €351,152 (+47.6%), from €737,988 to €1.1m
of which Other amounts receivable: +€530,936
- Tangible fixed assets -€200,412
down €200,412 (-4.0%), from €5.0m to €4.8m
of which Land and buildings: -€204,156
- Formation expenses -€166,997
down €166,997 (-24.7%), from €675,315 to €508,317
- Profit (loss) carried forward -€848,391
down €848,391 (-48.6%), from -€1.7m to -€2.6m
- Trade debts -€494,078
down €494,078 (-62.5%), from €791,061 to €296,982
- Debts after one year +€361,494
up €361,494 (+4.1%), from €8.8m to €9.1m
- Current portion of long-term debt -€157,333
no longer reported in 2025 (was €157,333)
- Financial charges -€72,279
down €72,279 (-10.5%), from €691,068 to €618,789
- Gross operating margin +€64,911
up €64,911 (+2.4%), from €2.7m to €2.7m
- Staff costs +€51,567
up €51,567 (+3.2%), from €1.6m to €1.6m
- Depreciation +€44,160
up €44,160 (+3.7%), from €1.2m to €1.2m
- Financial income -€39,307
down €39,307 (-73.9%), from €53,177 to €13,870
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 | €10,012,235 | €8,781,273 | -€1.2m | -12.3% |
| Formation expenses | 20 | €675,315 | €508,317 | -€166,997 | -24.7% |
| Fixed assets | 21/28 | €8,095,045 | €7,097,433 | -€997,612 | -12.3% |
| Intangible fixed assets | 21 | €3,057,241 | €2,230,041 | -€827,200 | -27.1% |
| Tangible fixed assets | 22/27 | €5,037,804 | €4,837,392 | -€200,412 | -4.0% |
| Land and buildings | 22 | €4,749,546 | €4,545,390 | -€204,156 | -4.3% |
| Plant, machinery and equipment | 23 | €288,258 | €263,868 | -€24,391 | -8.5% |
| Furniture and vehicles | 24 | €0 | €6,858 | +€6,858 | |
| Assets under construction and advance payments | 27 | - | €21,277 | +€21,277 | |
| Financial fixed assets | 28 | - | €30,000 | +€30,000 | |
| Current assets | 29/58 | €1,241,875 | €1,175,523 | -€66,353 | -5.3% |
| Stocks and contracts in progress | 3 | €25,592 | €17,713 | -€7,880 | -30.8% |
| Stocks | 30/36 | €25,592 | €17,713 | -€7,880 | -30.8% |
| Amounts receivable within one year | 40/41 | €737,988 | €1,089,140 | +€351,152 | +47.6% |
| Trade receivables | 40 | €286,988 | €107,204 | -€179,784 | -62.6% |
| Other amounts receivable | 41 | €451,000 | €981,936 | +€530,936 | +118% |
| Cash at bank and in hand | 54/58 | €446,227 | €42,699 | -€403,528 | -90.4% |
| Deferred charges and accrued income | 490/1 | €32,068 | €25,970 | -€6,097 | -19.0% |
| Total equity and liabilities | 10/49 | €10,012,235 | €8,781,273 | -€1.2m | -12.3% |
| Equity | 10/15 | -€6,279 | -€854,670 | -€848,391 | -13,511% |
| Contributions | 10/11 | €1,740,166 | €1,740,166 | = | 0.0% |
| Capital | 10 | €1,740,166 | €1,740,166 | = | 0.0% |
| Issued capital | 100 | €1,740,166 | €1,740,166 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,746,445 | -€2,594,836 | -€848,391 | -48.6% |
| Amounts payable | 17/49 | €10,018,514 | €9,635,943 | -€382,572 | -3.8% |
| Amounts payable after more than one year | 17 | €8,763,840 | €9,125,333 | +€361,494 | +4.1% |
| Financial debts | 170/4 | €8,763,840 | €9,125,333 | +€361,494 | +4.1% |
| Amounts payable within one year | 42/48 | €1,144,234 | €435,871 | -€708,363 | -61.9% |
| Current portion of amounts payable after more than one year | 42 | €157,333 | - | -€157,333 | |
| Trade debts | 44 | €791,061 | €296,982 | -€494,078 | -62.5% |
| Suppliers | 440/4 | €791,061 | €296,982 | -€494,078 | -62.5% |
| Advances received on contracts in progress | 46 | €48,034 | - | -€48,034 | |
| Taxes, remuneration and social security | 45 | €147,806 | €138,888 | -€8,917 | -6.0% |
| Taxes | 450/3 | €2,724 | €5,863 | +€3,139 | +115% |
| Remuneration and social security | 454/9 | €145,081 | €133,026 | -€12,056 | -8.3% |
| Accrued charges and deferred income | 492/3 | €110,441 | €74,738 | -€35,703 | -32.3% |
| Remuneration, social security and pensions | 62 | €1,591,827 | €1,643,394 | +€51,567 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,186,622 | €1,230,782 | +€44,160 | +3.7% |
| Other operating charges | 640/8 | €72,807 | €71,644 | -€1,162 | -1.6% |
| Non-recurring operating charges | 66A | €13,492 | €26,426 | +€12,934 | +95.9% |
| Gross operating margin | 9900 | €2,664,080 | €2,728,992 | +€64,911 | +2.4% |
| Operating profit (loss) | 9901 | -€200,668 | -€243,255 | -€42,587 | -21.2% |
| Financial income | 75/76B | €53,177 | €13,870 | -€39,307 | -73.9% |
| Recurring financial income | 75 | €53,177 | €13,870 | -€39,307 | -73.9% |
| Financial charges | 65/66B | €691,068 | €618,789 | -€72,279 | -10.5% |
| Recurring financial charges | 65 | €691,068 | €618,789 | -€72,279 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | -€838,559 | -€848,173 | -€9,614 | -1.1% |
| Income taxes | 67/77 | €311 | €218 | -€94 | -30.1% |
| Profit (loss) for the period | 9904 | -€838,870 | -€848,391 | -€9,521 | -1.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€838,870 | -€848,391 | -€9,521 | -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 30 October 2026 via checked.be.