Allfac-Immo: what changed
Two fiscal 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
Allfac-Immo
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€7,064
2024 · €166,925-€159,860
Equity
€268,489
2024 · €261,425+€7,064
Cash
€152,566
2024 · €66,549+€86,017
Balance sheet total
€2.4m
2024 · €2.0m+€466,136
Largest movements
Assets
- Tangible fixed assets +€680,596
up €680,596 (+42.7%), from €1.6m to €2.3m
- Current investments -€300,000
down €300,000 (-100.0%), from €300,000 to €0
- Cash +€86,017
up €86,017 (+129.3%), from €66,549 to €152,566
mainly Debts after one year (+€420,962) and Current investments (+€300,000)
Equity and liabilities
- Debts after one year +€420,962
up €420,962 (+35.7%), from €1.2m to €1.6m
- Current portion of long-term debt +€31,827
up €31,827 (+40.4%), from €78,701 to €110,527
Income statement
- Gross operating margin -€194,588
down €194,588 (-55.4%), from €351,265 to €156,677
- Financial charges +€33,854
up €33,854 (+126.6%), from €26,739 to €60,593
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
€166,925
Gross operating margin
-€194,588
Depreciation
-€2,963
Other operating charges
-€127
Financial income
+€1,424
Financial charges
-€33,854
Deferred taxes and other
+€70,248
Result 2025
€7,064
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.
From operations
+€96,828
Investment
-€463,600
Financing
+€452,789
Cash 2024
€66,549
From operations (derived)
+€96,828
Net result for the year
+€7,064
Depreciation
+€86,604
Receivables within one year
-€5,411
Deferred charges and accrued income
+€2,288
Provisions
-€2,080
Smaller working-capital items
-€1,105
Other debts
+€3,338
Accrued charges and deferred income
+€6,130
Investment (derived)
-€463,600
Investment in fixed assets (net)
-€763,600
Current investments
+€300,000
Financing
+€452,789
Debts after one year
+€420,962
Current portion of long-term debt
+€31,827
Cash 2025
€152,566
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,972,401 | €2,438,538 | +€466,136 | +23.6% |
| Fixed assets | 21/28 | €1,597,021 | €2,274,017 | +€676,996 | +42.4% |
| Tangible fixed assets | 22/27 | €1,593,421 | €2,274,017 | +€680,596 | +42.7% |
| Land and buildings | 22 | €1,593,421 | €2,274,017 | +€680,596 | +42.7% |
| Financial fixed assets | 28 | €3,600 | €0 | -€3,600 | -100.0% |
| Current assets | 29/58 | €375,380 | €164,521 | -€210,859 | -56.2% |
| Amounts receivable within one year | 40/41 | €6,544 | €11,955 | +€5,411 | +82.7% |
| Trade receivables | 40 | €1,544 | €1,544 | = | 0.0% |
| Other amounts receivable | 41 | €5,000 | €10,411 | +€5,411 | +108.2% |
| Current investments | 50/53 | €300,000 | €0 | -€300,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €66,549 | €152,566 | +€86,017 | +129.3% |
| Deferred charges and accrued income | 490/1 | €2,288 | €0 | -€2,288 | -100.0% |
| Total equity and liabilities | 10/49 | €1,972,401 | €2,438,538 | +€466,136 | +23.6% |
| Equity | 10/15 | €261,425 | €268,489 | +€7,064 | +2.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €252,504 | €262,289 | +€9,785 | +3.9% |
| Tax-exempt reserves | 132 | €204,504 | €198,263 | -€6,240 | -3.1% |
| Distributable reserves | 133 | €48,000 | €64,026 | +€16,026 | +33.4% |
| Profit (loss) carried forward | 14 | €2,721 | €0 | -€2,721 | -100.0% |
| Provisions and deferred taxes | 16 | €68,168 | €66,088 | -€2,080 | -3.1% |
| Deferred taxes | 168 | €68,168 | €66,088 | -€2,080 | -3.1% |
| Amounts payable | 17/49 | €1,642,809 | €2,103,961 | +€461,152 | +28.1% |
| Amounts payable after more than one year | 17 | €1,178,593 | €1,599,555 | +€420,962 | +35.7% |
| Financial debts | 170/4 | €1,178,593 | €1,599,555 | +€420,962 | +35.7% |
| Amounts payable within one year | 42/48 | €455,912 | €489,971 | +€34,060 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €78,701 | €110,527 | +€31,827 | +40.4% |
| Trade debts | 44 | €2,427 | €1,361 | -€1,067 | -44.0% |
| Suppliers | 440/4 | €2,427 | €1,361 | -€1,067 | -44.0% |
| Taxes, remuneration and social security | 45 | €172 | €134 | -€38 | -22.1% |
| Taxes | 450/3 | €172 | €134 | -€38 | -22.1% |
| Other amounts payable | 47/48 | €374,612 | €377,949 | +€3,338 | +0.9% |
| Accrued charges and deferred income | 492/3 | €8,305 | €14,435 | +€6,130 | +73.8% |
| Non-recurring operating income | 76A | €274,562 | €0 | -€274,562 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,642 | €86,604 | +€2,963 | +3.5% |
| Other operating charges | 640/8 | €5,792 | €5,920 | +€127 | +2.2% |
| Gross operating margin | 9900 | €351,265 | €156,677 | -€194,588 | -55.4% |
| Operating profit (loss) | 9901 | €261,831 | €64,153 | -€197,678 | -75.5% |
| Financial income | 75/76B | €0 | €1,424 | +€1,424 | +14238600.0% |
| Recurring financial income | 75 | €0 | €1,424 | +€1,424 | +14238600.0% |
| Financial charges | 65/66B | €26,739 | €60,593 | +€33,854 | +126.6% |
| Recurring financial charges | 65 | €26,739 | €60,593 | +€33,854 | +126.6% |
| Profit (loss) for the period before taxes | 9903 | €235,092 | €4,984 | -€230,108 | -97.9% |
| Transfer from deferred taxes | 780 | €473 | €2,080 | +€1,607 | +340.1% |
| Transfer to deferred taxes | 680 | €68,640 | €0 | -€68,640 | -100.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €166,925 | €7,064 | -€159,860 | -95.8% |
| Transfer from tax-exempt reserves | 789 | €1,418 | €6,240 | +€4,822 | +340.1% |
| Transfer to tax-exempt reserves | 689 | €205,921 | €0 | -€205,921 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,579 | €13,304 | +€50,883 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.