F.O.C. - 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.
F.O.C. - IMMO
Largest movements
- Cash -€27,950
down €27,950 (-22.1%), from €126,192 to €98,241
mainly Other debts (-€60,000) and Investment in fixed assets (net) (-€23,417)
- Tangible fixed assets -€10,332
down €10,332 (-3.3%), from €316,216 to €305,884
of which Land and buildings: -€12,569
- Deferred charges and accrued income +€9,077
up €9,077 (+79.2%), from €11,468 to €20,546
- Other debts -€60,000
down €60,000 (-99.9%), from €60,035 to €35
- Reserves +€46,319
up €46,319 (+15.4%), from €300,137 to €346,457
of which Distributable reserves: +€46,319
- Tax, wage and social debts -€8,391
down €8,391 (-34.2%), from €24,570 to €16,179
- Debts after one year -€7,500
no longer reported in 2025 (was €7,500)
- Gross operating margin -€26,946
down €26,946 (-18.5%), from €145,712 to €118,766
- Taxes -€8,391
down €8,391 (-34.2%), from €24,570 to €16,179
- Depreciation +€1,738
up €1,738 (+5.4%), from €32,011 to €33,749
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 | €454,243 | €424,672 | -€29,572 | -6.5% |
| Fixed assets | 21/28 | €316,216 | €305,884 | -€10,332 | -3.3% |
| Tangible fixed assets | 22/27 | €316,216 | €305,884 | -€10,332 | -3.3% |
| Land and buildings | 22 | €188,120 | €175,551 | -€12,569 | -6.7% |
| Plant, machinery and equipment | 23 | €128,096 | €130,333 | +€2,237 | +1.7% |
| Current assets | 29/58 | €138,027 | €118,787 | -€19,240 | -13.9% |
| Amounts receivable within one year | 40/41 | €367 | - | -€367 | |
| Trade receivables | 40 | €367 | - | -€367 | |
| Cash at bank and in hand | 54/58 | €126,192 | €98,241 | -€27,950 | -22.1% |
| Deferred charges and accrued income | 490/1 | €11,468 | €20,546 | +€9,077 | +79.2% |
| Total equity and liabilities | 10/49 | €454,243 | €424,672 | -€29,572 | -6.5% |
| Equity | 10/15 | €362,137 | €408,457 | +€46,319 | +12.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €300,137 | €346,457 | +€46,319 | +15.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €293,937 | €340,257 | +€46,319 | +15.8% |
| Amounts payable | 17/49 | €92,106 | €16,215 | -€75,891 | -82.4% |
| Amounts payable after more than one year | 17 | €7,500 | - | -€7,500 | |
| Other amounts payable | 178/9 | €7,500 | - | -€7,500 | |
| Amounts payable within one year | 42/48 | €84,606 | €16,215 | -€68,391 | -80.8% |
| Taxes, remuneration and social security | 45 | €24,570 | €16,179 | -€8,391 | -34.2% |
| Taxes | 450/3 | €24,570 | €16,179 | -€8,391 | -34.2% |
| Other amounts payable | 47/48 | €60,035 | €35 | -€60,000 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,011 | €33,749 | +€1,738 | +5.4% |
| Other operating charges | 640/8 | €20,368 | €21,008 | +€640 | +3.1% |
| Gross operating margin | 9900 | €145,712 | €118,766 | -€26,946 | -18.5% |
| Operating profit (loss) | 9901 | €93,333 | €64,009 | -€29,324 | -31.4% |
| Financial charges | 65/66B | €1,505 | €1,511 | +€6 | +0.4% |
| Recurring financial charges | 65 | €1,505 | €1,511 | +€6 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €91,828 | €62,499 | -€29,329 | -31.9% |
| Income taxes | 67/77 | €24,570 | €16,179 | -€8,391 | -34.2% |
| Profit (loss) for the period | 9904 | €67,258 | €46,319 | -€20,938 | -31.1% |
| Profit (loss) for the period to be appropriated | 9905 | €67,258 | €46,319 | -€20,938 | -31.1% |
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 19 October 2026 via checked.be.