FAB'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.
FAB'IMMO
Largest movements
- Tangible fixed assets -€34,601
down €34,601 (-3.9%), from €881,802 to €847,201
of which Land and buildings: -€22,124
- Reserves -€36,136
down €36,136 (-4.8%), from €749,723 to €713,587
of which Distributable reserves: -€33,795
- Depreciation +€1,169
up €1,169 (+3.5%), from €33,432 to €34,601
- Gross operating margin -€191
down €191 (-7.1%), from €2,687 to €2,496
- Other operating charges +€143
up €143 (+3.2%), from €4,515 to €4,658
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 | €883,860 | €848,644 | -€35,216 | -4.0% |
| Fixed assets | 21/28 | €881,802 | €847,201 | -€34,601 | -3.9% |
| Tangible fixed assets | 22/27 | €881,802 | €847,201 | -€34,601 | -3.9% |
| Land and buildings | 22 | €747,378 | €725,254 | -€22,124 | -3.0% |
| Other tangible fixed assets | 26 | €134,424 | €121,947 | -€12,477 | -9.3% |
| Current assets | 29/58 | €2,058 | €1,443 | -€615 | -29.9% |
| Cash at bank and in hand | 54/58 | €2,058 | €393 | -€1,665 | -80.9% |
| Deferred charges and accrued income | 490/1 | - | €1,050 | +€1,050 | |
| Total equity and liabilities | 10/49 | €883,860 | €848,644 | -€35,216 | -4.0% |
| Equity | 10/15 | €806,918 | €770,782 | -€36,136 | -4.5% |
| Contributions | 10/11 | €57,195 | €57,195 | = | 0.0% |
| Reserves | 13 | €749,723 | €713,587 | -€36,136 | -4.8% |
| Non-distributable reserves | 130/1 | €5,719 | €5,719 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,719 | €5,719 | = | 0.0% |
| Tax-exempt reserves | 132 | €35,912 | €33,571 | -€2,341 | -6.5% |
| Distributable reserves | 133 | €708,092 | €674,297 | -€33,795 | -4.8% |
| Provisions and deferred taxes | 16 | €11,942 | €11,162 | -€780 | -6.5% |
| Deferred taxes | 168 | €11,942 | €11,162 | -€780 | -6.5% |
| Amounts payable | 17/49 | €65,000 | €66,700 | +€1,700 | +2.6% |
| Amounts payable within one year | 42/48 | €65,000 | €66,700 | +€1,700 | +2.6% |
| Other amounts payable | 47/48 | €65,000 | €66,700 | +€1,700 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,432 | €34,601 | +€1,169 | +3.5% |
| Other operating charges | 640/8 | €4,515 | €4,658 | +€143 | +3.2% |
| Gross operating margin | 9900 | €2,687 | €2,496 | -€191 | -7.1% |
| Operating profit (loss) | 9901 | -€35,260 | -€36,763 | -€1,503 | -4.3% |
| Financial charges | 65/66B | €153 | €153 | = | 0.0% |
| Recurring financial charges | 65 | €153 | €153 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€35,413 | -€36,916 | -€1,503 | -4.2% |
| Transfer from deferred taxes | 780 | €780 | €780 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€34,633 | -€36,136 | -€1,503 | -4.3% |
| Transfer from tax-exempt reserves | 789 | €2,340 | €2,341 | +€1 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,293 | -€33,795 | -€1,502 | -4.7% |
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 2 October 2026 via checked.be.