F3 Immo GB: 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.
F3 Immo GB
Largest movements
- Tangible fixed assets -€15,077
down €15,077 (-3.5%), from €435,626 to €420,549
of which Land and buildings: -€16,137
- Cash +€11,369
up €11,369 (+12.9%), from €88,445 to €99,814
mainly Depreciation (+€24,127) and Net result for the year (+€14,008)
- Debts after one year -€17,207
down €17,207 (-5.4%), from €321,087 to €303,879
of which Financial debts: -€17,207
- Reserves +€14,008
up €14,008 (+54.4%), from €25,728 to €39,736
of which Distributable reserves: +€14,008
- Taxes +€2,165
up €2,165 (+96.3%), from €2,249 to €4,414
- Gross operating margin +€2,009
up €2,009 (+4.0%), from €50,417 to €52,426
- Depreciation +€702
up €702 (+3.0%), from €23,425 to €24,127
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 | €528,940 | €524,144 | -€4,797 | -0.9% |
| Fixed assets | 21/28 | €435,626 | €420,549 | -€15,077 | -3.5% |
| Tangible fixed assets | 22/27 | €435,626 | €420,549 | -€15,077 | -3.5% |
| Land and buildings | 22 | €435,626 | €419,489 | -€16,137 | -3.7% |
| Furniture and vehicles | 24 | - | €1,060 | +€1,060 | |
| Current assets | 29/58 | €93,315 | €103,595 | +€10,280 | +11.0% |
| Amounts receivable within one year | 40/41 | €4,870 | €3,781 | -€1,089 | -22.4% |
| Trade receivables | 40 | €4,870 | €2,594 | -€2,276 | -46.7% |
| Other amounts receivable | 41 | €0 | €1,186 | +€1,186 | |
| Cash at bank and in hand | 54/58 | €88,445 | €99,814 | +€11,369 | +12.9% |
| Total equity and liabilities | 10/49 | €528,940 | €524,144 | -€4,797 | -0.9% |
| Equity | 10/15 | €44,328 | €58,336 | +€14,008 | +31.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €25,728 | €39,736 | +€14,008 | +54.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €25,728 | €39,736 | +€14,008 | +54.4% |
| Amounts payable | 17/49 | €484,612 | €465,808 | -€18,805 | -3.9% |
| Amounts payable after more than one year | 17 | €321,087 | €303,879 | -€17,207 | -5.4% |
| Financial debts | 170/4 | €310,051 | €292,844 | -€17,207 | -5.5% |
| Other amounts payable | 178/9 | €11,035 | €11,035 | = | 0.0% |
| Amounts payable within one year | 42/48 | €162,998 | €160,010 | -€2,988 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €18,267 | €17,207 | -€1,059 | -5.8% |
| Trade debts | 44 | €5,262 | €3,605 | -€1,657 | -31.5% |
| Suppliers | 440/4 | €5,262 | €3,605 | -€1,657 | -31.5% |
| Taxes, remuneration and social security | 45 | €2,090 | €1,948 | -€142 | -6.8% |
| Taxes | 450/3 | €2,090 | €1,948 | -€142 | -6.8% |
| Other amounts payable | 47/48 | €137,379 | €137,249 | -€130 | -0.1% |
| Accrued charges and deferred income | 492/3 | €528 | €1,919 | +€1,391 | +263.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,425 | €24,127 | +€702 | +3.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €3,544 | €3,655 | +€111 | +3.1% |
| Gross operating margin | 9900 | €50,417 | €52,426 | +€2,009 | +4.0% |
| Operating profit (loss) | 9901 | €23,447 | €24,643 | +€1,196 | +5.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €6,683 | €6,222 | -€462 | -6.9% |
| Recurring financial charges | 65 | €6,683 | €6,222 | -€462 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €16,764 | €18,422 | +€1,658 | +9.9% |
| Income taxes | 67/77 | €2,249 | €4,414 | +€2,165 | +96.3% |
| Profit (loss) for the period | 9904 | €14,515 | €14,008 | -€507 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,515 | €14,008 | -€507 | -3.5% |
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 10 October 2026 via checked.be.