FAN 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.
FAN IMMO
Largest movements
- Tangible fixed assets -€54,774
down €54,774 (-1.6%), from €3.5m to €3.4m
- Current investments +€50,000
new in 2025: €50,000
- Cash -€42,597
down €42,597 (-57.2%), from €74,450 to €31,853
mainly Current portion of long-term debt (-€55,000) and Current investments (-€50,000)
- Current portion of long-term debt -€55,000
down €55,000 (-21.6%), from €255,004 to €200,004
- Reserves +€50,000
up €50,000 (+6.6%), from €754,666 to €804,666
of which Distributable reserves: +€50,000
- Gross operating margin -€78,183
down €78,183 (-20.6%), from €380,106 to €301,923
- Taxes -€25,179
down €25,179 (-61.9%), from €40,677 to €15,497
- Financial charges +€23,628
up €23,628 (+30.8%), from €76,767 to €100,394
- Depreciation -€4,782
down €4,782 (-4.7%), from €102,066 to €97,284
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 | €3,586,167 | €3,554,169 | -€31,999 | -0.9% |
| Fixed assets | 21/28 | €3,497,927 | €3,443,153 | -€54,774 | -1.6% |
| Tangible fixed assets | 22/27 | €3,492,927 | €3,438,153 | -€54,774 | -1.6% |
| Other tangible fixed assets | 26 | €3,492,927 | €3,438,153 | -€54,774 | -1.6% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €88,240 | €111,016 | +€22,776 | +25.8% |
| Amounts receivable within one year | 40/41 | €13,169 | €29,162 | +€15,993 | +121% |
| Trade receivables | 40 | €8,569 | €19,312 | +€10,743 | +125% |
| Other amounts receivable | 41 | €4,600 | €9,850 | +€5,250 | +114% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €74,450 | €31,853 | -€42,597 | -57.2% |
| Deferred charges and accrued income | 490/1 | €620 | - | -€620 | |
| Total equity and liabilities | 10/49 | €3,586,167 | €3,554,169 | -€31,999 | -0.9% |
| Equity | 10/15 | €1,811,536 | €1,860,147 | +€48,612 | +2.7% |
| Contributions | 10/11 | €1,044,058 | €1,044,058 | = | 0.0% |
| Reserves | 13 | €754,666 | €804,666 | +€50,000 | +6.6% |
| Non-distributable reserves | 130/1 | €104,406 | €104,406 | = | 0.0% |
| Reserves not available under the articles | 1311 | €104,406 | €104,406 | = | 0.0% |
| Tax-exempt reserves | 132 | €260 | €260 | = | 0.0% |
| Distributable reserves | 133 | €650,000 | €700,000 | +€50,000 | +7.7% |
| Profit (loss) carried forward | 14 | €12,812 | €11,423 | -€1,388 | -10.8% |
| Amounts payable | 17/49 | €1,774,632 | €1,694,021 | -€80,610 | -4.5% |
| Amounts payable after more than one year | 17 | €1,456,139 | €1,433,746 | -€22,393 | -1.5% |
| Financial debts | 170/4 | €299,966 | €99,962 | -€200,004 | -66.7% |
| Other amounts payable | 178/9 | €1,156,173 | €1,333,784 | +€177,611 | +15.4% |
| Amounts payable within one year | 42/48 | €295,311 | €221,267 | -€74,044 | -25.1% |
| Current portion of amounts payable after more than one year | 42 | €255,004 | €200,004 | -€55,000 | -21.6% |
| Trade debts | 44 | €11,787 | - | -€11,787 | |
| Suppliers | 440/4 | €11,787 | - | -€11,787 | |
| Taxes, remuneration and social security | 45 | €16,521 | €9,263 | -€7,258 | -43.9% |
| Taxes | 450/3 | €16,521 | €9,263 | -€7,258 | -43.9% |
| Other amounts payable | 47/48 | €12,000 | €12,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €23,181 | €39,008 | +€15,827 | +68.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,066 | €97,284 | -€4,782 | -4.7% |
| Other operating charges | 640/8 | €39,888 | €41,473 | +€1,585 | +4.0% |
| Gross operating margin | 9900 | €380,106 | €301,923 | -€78,183 | -20.6% |
| Operating profit (loss) | 9901 | €238,152 | €163,166 | -€74,985 | -31.5% |
| Financial income | 75/76B | - | €1,337 | +€1,337 | |
| Recurring financial income | 75 | - | €1,337 | +€1,337 | |
| Financial charges | 65/66B | €76,767 | €100,394 | +€23,628 | +30.8% |
| Recurring financial charges | 65 | €76,767 | €100,394 | +€23,628 | +30.8% |
| Profit (loss) for the period before taxes | 9903 | €161,385 | €64,109 | -€97,276 | -60.3% |
| Income taxes | 67/77 | €40,677 | €15,497 | -€25,179 | -61.9% |
| Profit (loss) for the period | 9904 | €120,708 | €48,612 | -€72,097 | -59.7% |
| Profit (loss) for the period to be appropriated | 9905 | €120,708 | €48,612 | -€72,097 | -59.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.