F.A.B. IMMO: 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
F.A.B. IMMO
NACE 68.310, Real estate agency activities
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€267,823
2024 · €226,059+€41,764
Equity
€2.4m
2024 · €2.4m+€4,362
Cash
€481,824
2024 · €469,015+€12,809
Balance sheet total
€2.9m
2024 · €3.1m-€185,434
Largest movements
Assets
- Receivables within one year -€138,795
down €138,795 (-84.9%), from €163,389 to €24,594
of which Other amounts receivable: -€138,139
- Tangible fixed assets -€64,197
down €64,197 (-2.8%), from €2.3m to €2.2m
of which Land and buildings: -€56,431
Equity and liabilities
- Other debts -€180,058
down €180,058 (-40.0%), from €450,178 to €270,120
Income statement
- Gross operating margin +€66,868
up €66,868 (+14.8%), from €452,255 to €519,123
- Taxes +€14,281
up €14,281 (+17.8%), from €80,433 to €94,714
- Depreciation +€9,236
up €9,236 (+9.7%), from €95,281 to €104,517
- Financial income +€6,685
up €6,685 (+133.5%), from €5,007 to €11,692
- Other operating charges +€5,744
up €5,744 (+16.4%), from €34,936 to €40,680
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
€226,059
Gross operating margin
+€66,868
Staff costs
-€2,735
Depreciation
-€9,236
Other operating charges
-€5,744
Financial income
+€6,685
Financial charges
+€207
Taxes
-€14,281
Result 2025
€267,823
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
+€316,690
Investment
-€40,320
Financing
-€263,561
Cash 2024
€469,015
From operations (derived)
+€316,690
Net result for the year
+€267,823
Depreciation
+€104,517
Receivables within one year
+€138,795
Deferred charges and accrued income
-€4,749
Provisions
-€6,536
Trade debts
-€7,276
Tax, wage and social debts
-€3,173
Other debts
-€180,058
Accrued charges and deferred income
+€7,347
Investment (derived)
-€40,320
Investment in fixed assets (net)
-€40,320
Financing
-€263,561
Debts after one year
-€100
Contributions, distributions and other
-€263,461
Cash 2025
€481,824
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,113,009 | €2,927,575 | -€185,434 | -6.0% |
| Fixed assets | 21/28 | €2,265,332 | €2,201,135 | -€64,197 | -2.8% |
| Tangible fixed assets | 22/27 | €2,265,332 | €2,201,135 | -€64,197 | -2.8% |
| Land and buildings | 22 | €2,251,890 | €2,195,459 | -€56,431 | -2.5% |
| Furniture and vehicles | 24 | €13,442 | €5,676 | -€7,766 | -57.8% |
| Current assets | 29/58 | €847,677 | €726,440 | -€121,237 | -14.3% |
| Stocks and contracts in progress | 3 | €11,823 | €11,823 | = | 0.0% |
| Stocks | 30/36 | €11,823 | €11,823 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €163,389 | €24,594 | -€138,795 | -84.9% |
| Trade receivables | 40 | €2,576 | €1,920 | -€656 | -25.5% |
| Other amounts receivable | 41 | €160,813 | €22,674 | -€138,139 | -85.9% |
| Current investments | 50/53 | €185,000 | €185,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €469,015 | €481,824 | +€12,809 | +2.7% |
| Deferred charges and accrued income | 490/1 | €18,450 | €23,199 | +€4,749 | +25.7% |
| Total equity and liabilities | 10/49 | €3,113,009 | €2,927,575 | -€185,434 | -6.0% |
| Equity | 10/15 | €2,387,360 | €2,391,722 | +€4,362 | +0.2% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €872,486 | €852,877 | -€19,609 | -2.2% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €364,986 | €345,377 | -€19,609 | -5.4% |
| Distributable reserves | 133 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,439,874 | €1,463,845 | +€23,971 | +1.7% |
| Provisions and deferred taxes | 16 | €121,599 | €115,063 | -€6,536 | -5.4% |
| Deferred taxes | 168 | €121,599 | €115,063 | -€6,536 | -5.4% |
| Amounts payable | 17/49 | €604,050 | €420,790 | -€183,260 | -30.3% |
| Amounts payable after more than one year | 17 | €99,130 | €99,030 | -€100 | -0.1% |
| Other amounts payable | 178/9 | €99,130 | €99,030 | -€100 | -0.1% |
| Amounts payable within one year | 42/48 | €466,614 | €276,107 | -€190,507 | -40.8% |
| Trade debts | 44 | €10,218 | €2,942 | -€7,276 | -71.2% |
| Suppliers | 440/4 | €10,218 | €2,942 | -€7,276 | -71.2% |
| Taxes, remuneration and social security | 45 | €6,218 | €3,045 | -€3,173 | -51.0% |
| Taxes | 450/3 | €4,075 | €53 | -€4,022 | -98.7% |
| Remuneration and social security | 454/9 | €2,143 | €2,992 | +€849 | +39.6% |
| Other amounts payable | 47/48 | €450,178 | €270,120 | -€180,058 | -40.0% |
| Accrued charges and deferred income | 492/3 | €38,306 | €45,653 | +€7,347 | +19.2% |
| Remuneration, social security and pensions | 62 | €14,991 | €17,726 | +€2,735 | +18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,281 | €104,517 | +€9,236 | +9.7% |
| Other operating charges | 640/8 | €34,936 | €40,680 | +€5,744 | +16.4% |
| Gross operating margin | 9900 | €452,255 | €519,123 | +€66,868 | +14.8% |
| Operating profit (loss) | 9901 | €307,047 | €356,200 | +€49,153 | +16.0% |
| Financial income | 75/76B | €5,007 | €11,692 | +€6,685 | +133.5% |
| Recurring financial income | 75 | €5,007 | €11,692 | +€6,685 | +133.5% |
| Financial charges | 65/66B | €5,562 | €5,355 | -€207 | -3.7% |
| Recurring financial charges | 65 | €5,562 | €5,355 | -€207 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €306,492 | €362,537 | +€56,045 | +18.3% |
| Income taxes | 67/77 | €80,433 | €94,714 | +€14,281 | +17.8% |
| Profit (loss) for the period | 9904 | €226,059 | €267,823 | +€41,764 | +18.5% |
| Transfer from tax-exempt reserves | 789 | €26,147 | €26,148 | +€1 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €252,206 | €293,971 | +€41,765 | +16.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.