FONCIERE PH: 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 PH
Largest movements
- Receivables within one year -€2.0m
down €2.0m (-84.3%), from €2.3m to €362,995
of which Other amounts receivable: -€2.0m
- Tangible fixed assets +€180,344
up €180,344 (+33.4%), from €539,535 to €719,879
of which Land and buildings: +€180,662
- Other debts -€1.7m
down €1.7m (-97.7%), from €1.8m to €40,500
- Trade debts -€283,691
down €283,691 (-60.4%), from €469,699 to €186,008
- Gross operating margin +€220,403
up €220,403, from -€142,665 to €77,738
- Financial charges +€34,996
up €34,996 (+1,796%), from €1,949 to €36,945
- Staff costs +€24,369
new in 2025: €24,369
- Financial income -€12,558
down €12,558 (-20.0%), from €62,661 to €50,102
- Depreciation +€9,981
up €9,981 (+43.3%), from €23,046 to €33,027
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 | €5,403,534 | €3,522,323 | -€1.9m | -34.8% |
| Fixed assets | 21/28 | €539,545 | €720,099 | +€180,554 | +33.5% |
| Tangible fixed assets | 22/27 | €539,535 | €719,879 | +€180,344 | +33.4% |
| Land and buildings | 22 | €536,609 | €717,271 | +€180,662 | +33.7% |
| Furniture and vehicles | 24 | €2,926 | €2,607 | -€318 | -10.9% |
| Financial fixed assets | 28 | €10 | €220 | +€210 | +2,100% |
| Current assets | 29/58 | €4,863,989 | €2,802,225 | -€2.1m | -42.4% |
| Stocks and contracts in progress | 3 | €2,335,542 | €2,289,672 | -€45,870 | -2.0% |
| Stocks | 30/36 | €2,335,542 | €2,289,672 | -€45,870 | -2.0% |
| Amounts receivable within one year | 40/41 | €2,316,451 | €362,995 | -€2.0m | -84.3% |
| Trade receivables | 40 | - | €1,275 | +€1,275 | |
| Other amounts receivable | 41 | €2,316,451 | €361,720 | -€2.0m | -84.4% |
| Cash at bank and in hand | 54/58 | €149,759 | €99,455 | -€50,304 | -33.6% |
| Deferred charges and accrued income | 490/1 | €62,237 | €50,102 | -€12,135 | -19.5% |
| Total equity and liabilities | 10/49 | €5,403,534 | €3,522,323 | -€1.9m | -34.8% |
| Equity | 10/15 | €3,168,233 | €3,191,299 | +€23,067 | +0.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €3,149,055 | €3,149,055 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €3,147,200 | €3,147,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €628 | €23,694 | +€23,067 | +3,676% |
| Amounts payable | 17/49 | €2,235,302 | €331,024 | -€1.9m | -85.2% |
| Amounts payable within one year | 42/48 | €2,235,302 | €297,652 | -€1.9m | -86.7% |
| Financial debts | 43 | - | €11,000 | +€11,000 | |
| Credit institutions | 430/8 | - | €11,000 | +€11,000 | |
| Trade debts | 44 | €469,699 | €186,008 | -€283,691 | -60.4% |
| Suppliers | 440/4 | €469,699 | €186,008 | -€283,691 | -60.4% |
| Advances received on contracts in progress | 46 | €8,106 | €55,993 | +€47,887 | +591% |
| Taxes, remuneration and social security | 45 | - | €4,151 | +€4,151 | |
| Taxes | 450/3 | - | €262 | +€262 | |
| Remuneration and social security | 454/9 | - | €3,889 | +€3,889 | |
| Other amounts payable | 47/48 | €1,757,497 | €40,500 | -€1.7m | -97.7% |
| Accrued charges and deferred income | 492/3 | - | €33,372 | +€33,372 | |
| Remuneration, social security and pensions | 62 | - | €24,369 | +€24,369 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,046 | €33,027 | +€9,981 | +43.3% |
| Other operating charges | 640/8 | €1,695 | €10,433 | +€8,739 | +516% |
| Gross operating margin | 9900 | -€142,665 | €77,738 | +€220,403 | |
| Operating profit (loss) | 9901 | -€167,405 | €9,909 | +€177,315 | |
| Financial income | 75/76B | €62,661 | €50,102 | -€12,558 | -20.0% |
| Recurring financial income | 75 | €62,661 | €50,102 | -€12,558 | -20.0% |
| Financial charges | 65/66B | €1,949 | €36,945 | +€34,996 | +1,796% |
| Recurring financial charges | 65 | €1,949 | €36,945 | +€34,996 | +1,796% |
| Profit (loss) for the period before taxes | 9903 | -€106,694 | €23,067 | +€129,760 | |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | -€106,694 | €23,067 | +€129,760 | |
| Profit (loss) for the period to be appropriated | 9905 | -€106,694 | €23,067 | +€129,760 |
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 17 October 2026 via checked.be.