FOUBERT PROPERTIES: 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.
FOUBERT PROPERTIES
Largest movements
- Intangible fixed assets -€205,555
down €205,555 (-92.1%), from €223,222 to €17,667
- Receivables after one year +€80,000
up €80,000 (+400.0%), from €20,000 to €100,000
of which Other amounts receivable: +€100,000
- Stocks and contracts -€42,757
down €42,757 (-59.3%), from €72,117 to €29,360
- Receivables within one year -€33,303
down €33,303 (-24.9%), from €133,758 to €100,454
- Cash -€31,752
no longer reported in 2025 (was €31,752)
mainly Current portion of long-term debt (-€265,948) and Other debts (-€95,724)
- Current portion of long-term debt -€265,948
down €265,948 (-48.4%), from €549,311 to €283,363
- Reserves +€209,488
up €209,488 (+255.6%), from €81,944 to €291,432
of which Distributable reserves: +€203,388
- Other debts -€95,724
down €95,724 (-61.8%), from €154,823 to €59,098
- Debts after one year -€91,529
down €91,529 (-6.3%), from €1.5m to €1.4m
- Gross operating margin +€341,569
up €341,569 (+35.7%), from €956,001 to €1.3m
- Other operating charges +€77,817
up €77,817 (+528.2%), from €14,733 to €92,549
- Staff costs +€52,629
up €52,629 (+7.8%), from €672,136 to €724,765
- Taxes +€39,012
up €39,012 (+5802.4%), from €672 to €39,684
- Depreciation -€37,294
down €37,294 (-17.3%), from €215,954 to €178,660
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.
Cash bridge derived
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 | €2,591,116 | €2,354,487 | -€236,629 | -9.1% |
| Fixed assets | 21/28 | €2,327,877 | €2,101,117 | -€226,760 | -9.7% |
| Intangible fixed assets | 21 | €223,222 | €17,667 | -€205,555 | -92.1% |
| Tangible fixed assets | 22/27 | €2,102,179 | €2,081,081 | -€21,098 | -1.0% |
| Land and buildings | 22 | €1,932,781 | €1,855,091 | -€77,691 | -4.0% |
| Plant, machinery and equipment | 23 | €60,131 | €46,844 | -€13,287 | -22.1% |
| Furniture and vehicles | 24 | €109,267 | €179,146 | +€69,879 | +64.0% |
| Financial fixed assets | 28 | €2,476 | €2,370 | -€106 | -4.3% |
| Current assets | 29/58 | €263,239 | €253,370 | -€9,869 | -3.7% |
| Amounts receivable after more than one year | 29 | €20,000 | €100,000 | +€80,000 | +400.0% |
| Trade receivables | 290 | €20,000 | - | -€20,000 | |
| Other amounts receivable | 291 | - | €100,000 | +€100,000 | |
| Stocks and contracts in progress | 3 | €72,117 | €29,360 | -€42,757 | -59.3% |
| Stocks | 30/36 | €72,117 | €29,360 | -€42,757 | -59.3% |
| Amounts receivable within one year | 40/41 | €133,758 | €100,454 | -€33,303 | -24.9% |
| Trade receivables | 40 | €133,758 | €100,454 | -€33,303 | -24.9% |
| Current investments | 50/53 | - | €13,750 | +€13,750 | |
| Cash at bank and in hand | 54/58 | €31,752 | - | -€31,752 | |
| Deferred charges and accrued income | 490/1 | €5,613 | €9,806 | +€4,193 | +74.7% |
| Total equity and liabilities | 10/49 | €2,591,116 | €2,354,487 | -€236,629 | -9.1% |
| Equity | 10/15 | €199,774 | €403,162 | +€203,388 | +101.8% |
| Contributions | 10/11 | €20,230 | €20,230 | = | 0.0% |
| Revaluation surpluses | 12 | €97,600 | €91,500 | -€6,100 | -6.3% |
| Reserves | 13 | €81,944 | €291,432 | +€209,488 | +255.6% |
| Non-distributable reserves | 130/1 | €48,923 | €55,023 | +€6,100 | +12.5% |
| Reserves not available under the articles | 1311 | €2,023 | €2,023 | = | 0.0% |
| Other | 1319 | €46,900 | €53,000 | +€6,100 | +13.0% |
| Distributable reserves | 133 | €33,021 | €236,409 | +€203,388 | +615.9% |
| Amounts payable | 17/49 | €2,391,342 | €1,951,326 | -€440,017 | -18.4% |
| Amounts payable after more than one year | 17 | €1,451,589 | €1,360,059 | -€91,529 | -6.3% |
| Financial debts | 170/4 | €1,451,589 | €1,360,059 | -€91,529 | -6.3% |
| Amounts payable within one year | 42/48 | €939,753 | €587,702 | -€352,051 | -37.5% |
| Current portion of amounts payable after more than one year | 42 | €549,311 | €283,363 | -€265,948 | -48.4% |
| Financial debts | 43 | - | €4,396 | +€4,396 | |
| Credit institutions | 430/8 | - | €4,396 | +€4,396 | |
| Trade debts | 44 | €149,362 | €159,254 | +€9,892 | +6.6% |
| Suppliers | 440/4 | €149,362 | €159,254 | +€9,892 | +6.6% |
| Advances received on contracts in progress | 46 | €38,657 | €34,881 | -€3,777 | -9.8% |
| Taxes, remuneration and social security | 45 | €47,601 | €46,711 | -€891 | -1.9% |
| Taxes | 450/3 | €4,199 | €11,161 | +€6,962 | +165.8% |
| Remuneration and social security | 454/9 | €43,402 | €35,550 | -€7,853 | -18.1% |
| Other amounts payable | 47/48 | €154,823 | €59,098 | -€95,724 | -61.8% |
| Accrued charges and deferred income | 492/3 | - | €3,564 | +€3,564 | |
| Remuneration, social security and pensions | 62 | €672,136 | €724,765 | +€52,629 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €215,954 | €178,660 | -€37,294 | -17.3% |
| Other operating charges | 640/8 | €14,733 | €92,549 | +€77,817 | +528.2% |
| Gross operating margin | 9900 | €956,001 | €1,297,570 | +€341,569 | +35.7% |
| Operating profit (loss) | 9901 | €53,178 | €301,595 | +€248,418 | +467.1% |
| Financial income | 75/76B | €328 | €17 | -€311 | -94.8% |
| Recurring financial income | 75 | €328 | €17 | -€311 | -94.8% |
| Financial charges | 65/66B | €43,189 | €58,541 | +€15,352 | +35.5% |
| Recurring financial charges | 65 | €43,189 | €58,541 | +€15,352 | +35.5% |
| Profit (loss) for the period before taxes | 9903 | €10,316 | €243,072 | +€232,756 | +2256.2% |
| Income taxes | 67/77 | €672 | €39,684 | +€39,012 | +5802.4% |
| Profit (loss) for the period | 9904 | €9,644 | €203,388 | +€193,744 | +2009.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,644 | €203,388 | +€193,744 | +2009.0% |
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 9 October 2026 via checked.be.