F&C 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.
F&C PROPERTIES
Largest movements
- Receivables within one year -€68,552
down €68,552 (-32.1%), from €213,749 to €145,198
of which Trade receivables: -€213,749
- Tangible fixed assets +€48,992
up €48,992 (+1.6%), from €3.0m to €3.1m
of which Land and buildings: +€38,447
- Current portion of long-term debt +€3.6m
new in 2025: €3.6m
- Debts after one year -€2.4m
no longer reported in 2025 (was €2.4m)
- Profit (loss) carried forward -€740,666
down €740,666 (-177%), from -€418,413 to -€1.2m
- Other debts -€416,909
no longer reported in 2025 (was €416,909)
- Trade debts -€89,659
down €89,659 (-47.8%), from €187,435 to €97,777
- Financial charges +€336,058
up €336,058 (+61,025%), from €551 to €336,609
- Gross operating margin -€141,168
down €141,168, from €34,037 to -€107,131
- Other operating charges -€9,678
down €9,678 (-31.4%), from €30,793 to €21,115
- Depreciation +€8,220
up €8,220 (+8.2%), from €99,940 to €108,160
- Staff costs +€2,128
new in 2025: €2,128
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 | €3,360,390 | €3,331,021 | -€29,369 | -0.9% |
| Fixed assets | 21/28 | €3,003,992 | €3,052,949 | +€48,958 | +1.6% |
| Intangible fixed assets | 21 | €35 | - | -€35 | |
| Tangible fixed assets | 22/27 | €3,003,957 | €3,052,949 | +€48,992 | +1.6% |
| Land and buildings | 22 | €2,984,597 | €3,023,044 | +€38,447 | +1.3% |
| Plant, machinery and equipment | 23 | - | €2,635 | +€2,635 | |
| Furniture and vehicles | 24 | €19,360 | €27,271 | +€7,911 | +40.9% |
| Current assets | 29/58 | €356,398 | €278,072 | -€78,327 | -22.0% |
| Amounts receivable within one year | 40/41 | €213,749 | €145,198 | -€68,552 | -32.1% |
| Trade receivables | 40 | €213,749 | - | -€213,749 | |
| Other amounts receivable | 41 | - | €145,198 | +€145,198 | |
| Cash at bank and in hand | 54/58 | €11 | €50 | +€39 | +339% |
| Deferred charges and accrued income | 490/1 | €142,638 | €132,824 | -€9,814 | -6.9% |
| Total equity and liabilities | 10/49 | €3,360,390 | €3,331,021 | -€29,369 | -0.9% |
| Equity | 10/15 | €406,046 | -€334,620 | -€740,666 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Revaluation surpluses | 12 | €804,459 | €804,459 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€418,413 | -€1,159,079 | -€740,666 | -177% |
| Amounts payable | 17/49 | €2,954,344 | €3,665,641 | +€711,297 | +24.1% |
| Amounts payable after more than one year | 17 | €2,350,000 | - | -€2.4m | |
| Financial debts | 170/4 | €2,350,000 | - | -€2.4m | |
| Amounts payable within one year | 42/48 | €604,344 | €3,665,641 | +€3.1m | +507% |
| Current portion of amounts payable after more than one year | 42 | - | €3,565,710 | +€3.6m | |
| Financial debts | 43 | - | €133 | +€133 | |
| Credit institutions | 430/8 | - | €133 | +€133 | |
| Trade debts | 44 | €187,435 | €97,777 | -€89,659 | -47.8% |
| Suppliers | 440/4 | €187,435 | €97,777 | -€89,659 | -47.8% |
| Taxes, remuneration and social security | 45 | - | €2,021 | +€2,021 | |
| Taxes | 450/3 | - | €2,021 | +€2,021 | |
| Other amounts payable | 47/48 | €416,909 | - | -€416,909 | |
| Remuneration, social security and pensions | 62 | - | €2,128 | +€2,128 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,940 | €108,160 | +€8,220 | +8.2% |
| Other operating charges | 640/8 | €30,793 | €21,115 | -€9,678 | -31.4% |
| Non-recurring operating charges | 66A | - | €163,750 | +€163,750 | |
| Gross operating margin | 9900 | €34,037 | -€107,131 | -€141,168 | |
| Operating profit (loss) | 9901 | -€96,696 | -€402,284 | -€305,588 | -316% |
| Financial charges | 65/66B | €551 | €336,609 | +€336,058 | +61,025% |
| Recurring financial charges | 65 | €551 | €336,609 | +€336,058 | +61,025% |
| Profit (loss) for the period before taxes | 9903 | -€97,246 | -€738,893 | -€641,647 | -660% |
| Income taxes | 67/77 | - | €1,773 | +€1,773 | |
| Profit (loss) for the period | 9904 | -€97,246 | -€740,666 | -€643,420 | -662% |
| Profit (loss) for the period to be appropriated | 9905 | -€97,246 | -€740,666 | -€643,420 | -662% |
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 15 October 2026 via checked.be.