FONCIERE MARCEL RIGO: 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 MARCEL RIGO
Largest movements
- Tangible fixed assets +€871,148
up €871,148 (+14.4%), from €6.0m to €6.9m
- Current investments -€250,000
no longer reported in 2025 (was €250,000)
- Debts after one year +€638,319
up €638,319 (+123%), from €518,189 to €1.2m
of which Financial debts: +€638,319
- Reserves +€117,303
up €117,303 (+11.1%), from €1.1m to €1.2m
of which Distributable reserves: +€111,437
- Depreciation +€115,741
up €115,741 (+163%), from €70,895 to €186,637
- Gross operating margin -€38,175
down €38,175 (-9.1%), from €418,018 to €379,843
- Taxes -€36,301
down €36,301 (-43.8%), from €82,949 to €46,647
- Financial charges +€9,703
up €9,703 (+68.8%), from €14,103 to €23,806
- Financial income -€5,602
down €5,602 (-75.6%), from €7,414 to €1,812
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 | €7,209,610 | €7,890,263 | +€680,653 | +9.4% |
| Fixed assets | 21/28 | €6,792,381 | €7,663,529 | +€871,148 | +12.8% |
| Tangible fixed assets | 22/27 | €6,042,381 | €6,913,529 | +€871,148 | +14.4% |
| Land and buildings | 22 | €6,042,381 | €6,913,529 | +€871,148 | +14.4% |
| Financial fixed assets | 28 | €750,000 | €750,000 | = | 0.0% |
| Current assets | 29/58 | €417,229 | €226,734 | -€190,495 | -45.7% |
| Amounts receivable within one year | 40/41 | €66,801 | €111,989 | +€45,188 | +67.6% |
| Trade receivables | 40 | €65,815 | €82,000 | +€16,185 | +24.6% |
| Other amounts receivable | 41 | €986 | €29,989 | +€29,003 | +2,942% |
| Current investments | 50/53 | €250,000 | - | -€250,000 | |
| Cash at bank and in hand | 54/58 | €97,706 | €111,942 | +€14,236 | +14.6% |
| Deferred charges and accrued income | 490/1 | €2,722 | €2,802 | +€80 | +3.0% |
| Total equity and liabilities | 10/49 | €7,209,610 | €7,890,263 | +€680,653 | +9.4% |
| Equity | 10/15 | €6,298,471 | €6,415,774 | +€117,303 | +1.9% |
| Contributions | 10/11 | €4,000,000 | €4,000,000 | = | 0.0% |
| Capital | 10 | €4,000,000 | €4,000,000 | = | 0.0% |
| Issued capital | 100 | €4,000,000 | €4,000,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,244,000 | €1,244,000 | = | 0.0% |
| Reserves | 13 | €1,054,471 | €1,171,774 | +€117,303 | +11.1% |
| Non-distributable reserves | 130/1 | €49,638 | €55,504 | +€5,866 | +11.8% |
| Legal reserve | 130 | €49,638 | €55,504 | +€5,866 | +11.8% |
| Distributable reserves | 133 | €1,004,833 | €1,116,270 | +€111,437 | +11.1% |
| Amounts payable | 17/49 | €911,139 | €1,474,489 | +€563,350 | +61.8% |
| Amounts payable after more than one year | 17 | €518,189 | €1,156,508 | +€638,319 | +123% |
| Financial debts | 170/4 | €409,796 | €1,048,115 | +€638,319 | +156% |
| Other amounts payable | 178/9 | €108,393 | €108,393 | = | 0.0% |
| Amounts payable within one year | 42/48 | €392,950 | €317,981 | -€74,969 | -19.1% |
| Current portion of amounts payable after more than one year | 42 | €312,153 | €246,681 | -€65,472 | -21.0% |
| Trade debts | 44 | €12,067 | €3,461 | -€8,606 | -71.3% |
| Suppliers | 440/4 | €12,067 | €3,461 | -€8,606 | -71.3% |
| Taxes, remuneration and social security | 45 | €31,243 | €31,243 | = | 0.0% |
| Taxes | 450/3 | €31,243 | €31,243 | = | 0.0% |
| Other amounts payable | 47/48 | €37,486 | €36,596 | -€890 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,895 | €186,637 | +€115,741 | +163% |
| Other operating charges | 640/8 | €6,382 | €7,263 | +€881 | +13.8% |
| Gross operating margin | 9900 | €418,018 | €379,843 | -€38,175 | -9.1% |
| Operating profit (loss) | 9901 | €340,741 | €185,944 | -€154,798 | -45.4% |
| Financial income | 75/76B | €7,414 | €1,812 | -€5,602 | -75.6% |
| Recurring financial income | 75 | €7,414 | €1,812 | -€5,602 | -75.6% |
| Financial charges | 65/66B | €14,103 | €23,806 | +€9,703 | +68.8% |
| Recurring financial charges | 65 | €14,103 | €23,806 | +€9,703 | +68.8% |
| Profit (loss) for the period before taxes | 9903 | €334,053 | €163,950 | -€170,103 | -50.9% |
| Income taxes | 67/77 | €82,949 | €46,647 | -€36,301 | -43.8% |
| Profit (loss) for the period | 9904 | €251,104 | €117,303 | -€133,801 | -53.3% |
| Profit (loss) for the period to be appropriated | 9905 | €251,104 | €117,303 | -€133,801 | -53.3% |
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 31 October 2026 via checked.be.