FONDATERRA: 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
FONDATERRA
NACE 68.204, Real estate activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€78,629
2024 · €122,455-€43,826
Equity
€5.9m
2024 · €5.9m+€78,629
Cash
€821
2024 · €1,706-€885
Balance sheet total
€6.0m
2024 · €5.9m+€122,956
Largest movements
Assets
- Receivables within one year +€606,905
up €606,905 (+17.1%), from €3.6m to €4.2m
- Stocks and contracts -€483,064
down €483,064 (-20.5%), from €2.4m to €1.9m
Equity and liabilities
- Profit (loss) carried forward +€68,575
up €68,575 (+19.1%), from €358,719 to €427,294
Income statement
- Turnover -€866,856
no longer reported in 2025 (was €866,856)
- Goods and materials -€712,790
no longer reported in 2025 (was €712,790)
- Gross operating margin +€106,325
new in 2025: €106,325
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
€122,455
Turnover
-€866,856
Goods and materials
+€712,790
Services and other goods
+€5,566
Other operating charges
-€31
Other operating items
+€106,325
Financial charges
-€59
Taxes
-€1,561
Result 2025
€78,629
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
-€885
Investment
€0
Financing
€0
Cash 2024
€1,706
From operations (derived)
-€885
Net result for the year
+€78,629
Stocks and contracts
+€483,064
Receivables within one year
-€606,905
Trade debts
+€1,535
Tax, wage and social debts
+€1,372
Advances received
+€53,420
Other debts
-€12,000
Cash 2025
€821
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,918,693 | €6,041,649 | +€122,956 | +2.1% |
| Current assets | 29/58 | €5,918,693 | €6,041,649 | +€122,956 | +2.1% |
| Stocks and contracts in progress | 3 | €2,358,022 | €1,874,958 | -€483,064 | -20.5% |
| Stocks | 30/36 | €2,358,022 | €1,874,958 | -€483,064 | -20.5% |
| Property held for sale | 35 | €2,358,022 | - | -€2.4m | |
| Amounts receivable within one year | 40/41 | €3,558,965 | €4,165,870 | +€606,905 | +17.1% |
| Other amounts receivable | 41 | €3,558,965 | €4,165,870 | +€606,905 | +17.1% |
| Cash at bank and in hand | 54/58 | €1,706 | €821 | -€885 | -51.9% |
| Total equity and liabilities | 10/49 | €5,918,693 | €6,041,649 | +€122,956 | +2.1% |
| Equity | 10/15 | €5,858,719 | €5,937,348 | +€78,629 | +1.3% |
| Contributions | 10/11 | €5,500,000 | €5,500,000 | = | 0.0% |
| Capital | 10 | €5,500,000 | €5,500,000 | = | 0.0% |
| Issued capital | 100 | €5,500,000 | €5,500,000 | = | 0.0% |
| Reserves | 13 | - | €10,054 | +€10,054 | |
| Non-distributable reserves | 130/1 | - | €10,054 | +€10,054 | |
| Legal reserve | 130 | - | €10,054 | +€10,054 | |
| Profit (loss) carried forward | 14 | €358,719 | €427,294 | +€68,575 | +19.1% |
| Amounts payable | 17/49 | €59,974 | €104,301 | +€44,327 | +73.9% |
| Amounts payable within one year | 42/48 | €59,974 | €104,301 | +€44,327 | +73.9% |
| Trade debts | 44 | €482 | €2,017 | +€1,535 | +318% |
| Suppliers | 440/4 | €482 | €2,017 | +€1,535 | +318% |
| Advances received on contracts in progress | 46 | €46,680 | €100,100 | +€53,420 | +114% |
| Taxes, remuneration and social security | 45 | €812 | €2,184 | +€1,372 | +169% |
| Taxes | 450/3 | €812 | €2,184 | +€1,372 | +169% |
| Other amounts payable | 47/48 | €12,000 | €0 | -€12,000 | -100% |
| Operating income | 70/76A | €866,856 | - | -€866,856 | |
| Turnover | 70 | €866,856 | - | -€866,856 | |
| Operating charges | 60/66A | €719,323 | - | -€719,323 | |
| Goods for resale, raw materials and consumables | 60 | €712,790 | - | -€712,790 | |
| Change in stocks: decrease (increase) | 609 | €712,790 | - | -€712,790 | |
| Services and other goods | 61 | €5,566 | - | -€5,566 | |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | - | €106,325 | +€106,325 | |
| Operating profit (loss) | 9901 | €147,533 | €105,327 | -€42,206 | -28.6% |
| Financial charges | 65/66B | €266 | €326 | +€59 | +22.3% |
| Recurring financial charges | 65 | €266 | €326 | +€59 | +22.3% |
| Other financial charges | 652/9 | €266 | - | -€266 | |
| Profit (loss) for the period before taxes | 9903 | €147,267 | €105,001 | -€42,266 | -28.7% |
| Income taxes | 67/77 | €24,812 | €26,372 | +€1,561 | +6.3% |
| Taxes | 670/3 | €24,812 | - | -€24,812 | |
| Profit (loss) for the period | 9904 | €122,455 | €78,629 | -€43,826 | -35.8% |
| Profit (loss) for the period to be appropriated | 9905 | €122,455 | €78,629 | -€43,826 | -35.8% |
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 16 October 2026 via checked.be.