FONCIERE NEOCLASSIQUE: 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.
What changed
FONCIERE NEOCLASSIQUE
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€306,367
2024 · -€405,814+€99,447
Equity
-€3.8m
2024 · -€3.5m-€306,367
Cash
€40,585
2024 · €51,806-€11,221
Balance sheet total
€5.7m
2024 · €6.5m-€829,158
Largest movements
Assets
- Tangible fixed assets -€851,362
down €851,362 (-13.4%), from €6.4m to €5.5m
of which Land and buildings: -€803,160
Equity and liabilities
- Debts after one year -€573,519
down €573,519 (-6.1%), from €9.4m to €8.8m
of which Financial debts: -€5.7m
- Profit (loss) carried forward -€306,367
down €306,367 (-7.8%), from -€3.9m to -€4.3m
Income statement
- Other operating charges -€298,696
down €298,696 (-63.4%), from €471,176 to €172,480
- Gross operating margin -€161,911
down €161,911 (-14.9%), from €1.1m to €924,367
- Financial charges +€95,492
up €95,492 (+74.1%), from €128,838 to €224,330
- Depreciation -€58,609
down €58,609 (-6.6%), from €892,493 to €833,884
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.
Result 2024
-€405,814
Gross operating margin
-€161,911
Depreciation
+€58,609
Other operating charges
+€298,696
Other operating items
-€40
Financial income
-€0
Financial charges
-€95,492
Taxes
-€415
Result 2025
-€306,367
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€536,325
Investment
+€17,478
Financing
-€565,023
Cash 2024
€51,806
From operations (derived)
+€536,325
Net result for the year
-€306,367
Depreciation
+€833,884
Receivables within one year
-€33,424
Trade debts
-€11,658
Tax, wage and social debts
+€10,119
Other debts
+€43,771
Investment (derived)
+€17,478
Investment in fixed assets (net)
+€17,478
Financing
-€565,023
Debts after one year
-€573,519
Current portion of long-term debt
+€8,496
Cash 2025
€40,585
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,508,208 | €5,679,050 | -€829,158 | -12.7% |
| Fixed assets | 21/28 | €6,371,909 | €5,520,547 | -€851,362 | -13.4% |
| Tangible fixed assets | 22/27 | €6,371,813 | €5,520,452 | -€851,362 | -13.4% |
| Land and buildings | 22 | €6,321,236 | €5,518,076 | -€803,160 | -12.7% |
| Furniture and vehicles | 24 | €50,577 | €2,376 | -€48,201 | -95.3% |
| Financial fixed assets | 28 | €96 | €96 | = | 0.0% |
| Current assets | 29/58 | €136,299 | €158,503 | +€22,204 | +16.3% |
| Amounts receivable within one year | 40/41 | €84,493 | €117,917 | +€33,424 | +39.6% |
| Trade receivables | 40 | €67,650 | €108,172 | +€40,522 | +59.9% |
| Other amounts receivable | 41 | €16,843 | €9,745 | -€7,097 | -42.1% |
| Cash at bank and in hand | 54/58 | €51,806 | €40,585 | -€11,221 | -21.7% |
| Total equity and liabilities | 10/49 | €6,508,208 | €5,679,050 | -€829,158 | -12.7% |
| Equity | 10/15 | -€3,493,655 | -€3,800,023 | -€306,367 | -8.8% |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Capital | 10 | €450,000 | €450,000 | = | 0.0% |
| Issued capital | 100 | €450,000 | €450,000 | = | 0.0% |
| Reserves | 13 | €1,972 | €1,972 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,972 | €1,972 | = | 0.0% |
| Legal reserve | 130 | €1,972 | €1,972 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,945,628 | -€4,251,995 | -€306,367 | -7.8% |
| Amounts payable | 17/49 | €10,001,863 | €9,479,072 | -€522,791 | -5.2% |
| Amounts payable after more than one year | 17 | €9,382,403 | €8,808,885 | -€573,519 | -6.1% |
| Financial debts | 170/4 | €9,382,403 | €3,687,353 | -€5.7m | -60.7% |
| Other amounts payable | 178/9 | - | €5,121,532 | +€5.1m | |
| Amounts payable within one year | 42/48 | €619,459 | €670,188 | +€50,728 | +8.2% |
| Current portion of amounts payable after more than one year | 42 | €467,840 | €476,336 | +€8,496 | +1.8% |
| Trade debts | 44 | €142,216 | €130,558 | -€11,658 | -8.2% |
| Suppliers | 440/4 | €142,216 | €130,558 | -€11,658 | -8.2% |
| Taxes, remuneration and social security | 45 | €9,404 | €19,523 | +€10,119 | +108% |
| Taxes | 450/3 | €9,404 | €19,523 | +€10,119 | +108% |
| Other amounts payable | 47/48 | - | €43,771 | +€43,771 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €892,493 | €833,884 | -€58,609 | -6.6% |
| Other operating charges | 640/8 | €471,176 | €172,480 | -€298,696 | -63.4% |
| Non-recurring operating charges | 66A | - | €40 | +€40 | |
| Gross operating margin | 9900 | €1,086,278 | €924,367 | -€161,911 | -14.9% |
| Operating profit (loss) | 9901 | -€277,391 | -€82,037 | +€195,354 | +70.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €128,838 | €224,330 | +€95,492 | +74.1% |
| Recurring financial charges | 65 | €128,838 | €224,330 | +€95,492 | +74.1% |
| Profit (loss) for the period before taxes | 9903 | -€406,229 | -€306,367 | +€99,862 | +24.6% |
| Income taxes | 67/77 | -€415 | €0 | +€415 | |
| Profit (loss) for the period | 9904 | -€405,814 | -€306,367 | +€99,447 | +24.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€405,814 | -€306,367 | +€99,447 | +24.5% |
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 1 November 2026 via checked.be.