FARZIMMO: 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
FARZIMMO
NACE 55.100, Hotels and similar accommodation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€360,814
2024 · -€390,823+€30,010
Equity
€2.4m
2024 · €2.7m-€360,814
Cash
€71,566
2024 · €110,125-€38,559
Balance sheet total
€12.9m
2024 · €13.5m-€577,309
Largest movements
Assets
- Tangible fixed assets -€549,057
down €549,057 (-5.9%), from €9.3m to €8.7m
of which Land and buildings: -€538,038
Equity and liabilities
- Profit (loss) carried forward -€360,814
down €360,814 (-12.1%), from -€3.0m to -€3.3m
- Debts after one year -€220,400
down €220,400 (-4.2%), from €5.2m to €5.0m
Income statement
- Financial charges +€67,954
up €67,954 (+13.6%), from €497,976 to €565,930
- Gross operating margin +€54,530
up €54,530 (+2.8%), from €2.0m to €2.0m
- Taxes -€28,656
down €28,656, from €27,748 to -€908
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
-€390,823
Gross operating margin
+€54,530
Staff costs
+€6,291
Depreciation
-€5,450
Other operating charges
+€13,973
Other operating items
+€30
Financial income
-€66
Financial charges
-€67,954
Taxes
+€28,656
Result 2025
-€360,814
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€259,577
Investment
-€67,778
Financing
-€230,358
Cash 2024
€110,125
From operations (derived)
+€259,577
Net result for the year
-€360,814
Depreciation
+€617,928
Receivables within one year
-€10,546
Deferred charges and accrued income
-€854
Trade debts
+€107,502
Tax, wage and social debts
-€52,731
Other debts
-€40,908
Investment (derived)
-€67,778
Investment in fixed assets (net)
-€67,778
Financing
-€230,358
Debts after one year
-€220,400
Current portion of long-term debt
+€10,945
Short-term financial debts
-€20,903
Cash 2025
€71,566
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,461,095 | €12,883,786 | -€577,309 | -4.3% |
| Fixed assets | 21/28 | €9,275,514 | €8,725,365 | -€550,149 | -5.9% |
| Intangible fixed assets | 21 | €3,276 | €2,184 | -€1,092 | -33.3% |
| Tangible fixed assets | 22/27 | €9,268,417 | €8,719,359 | -€549,057 | -5.9% |
| Land and buildings | 22 | €9,003,336 | €8,465,298 | -€538,038 | -6.0% |
| Plant, machinery and equipment | 23 | €180,328 | €166,460 | -€13,868 | -7.7% |
| Furniture and vehicles | 24 | €84,752 | €87,601 | +€2,849 | +3.4% |
| Financial fixed assets | 28 | €3,821 | €3,821 | = | 0.0% |
| Current assets | 29/58 | €4,185,581 | €4,158,421 | -€27,160 | -0.6% |
| Amounts receivable within one year | 40/41 | €4,060,487 | €4,071,033 | +€10,546 | +0.3% |
| Trade receivables | 40 | €205,422 | €194,604 | -€10,817 | -5.3% |
| Other amounts receivable | 41 | €3,855,066 | €3,876,429 | +€21,363 | +0.6% |
| Cash at bank and in hand | 54/58 | €110,125 | €71,566 | -€38,559 | -35.0% |
| Deferred charges and accrued income | 490/1 | €14,969 | €15,823 | +€854 | +5.7% |
| Total equity and liabilities | 10/49 | €13,461,095 | €12,883,786 | -€577,309 | -4.3% |
| Equity | 10/15 | €2,728,048 | €2,367,234 | -€360,814 | -13.2% |
| Contributions | 10/11 | €1,807,000 | €1,807,000 | = | 0.0% |
| Capital | 10 | €1,807,000 | €1,807,000 | = | 0.0% |
| Issued capital | 100 | €1,807,000 | €1,807,000 | = | 0.0% |
| Revaluation surpluses | 12 | €3,906,397 | €3,906,397 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,985,349 | -€3,346,163 | -€360,814 | -12.1% |
| Amounts payable | 17/49 | €10,733,047 | €10,516,552 | -€216,495 | -2.0% |
| Amounts payable after more than one year | 17 | €5,200,675 | €4,980,274 | -€220,400 | -4.2% |
| Financial debts | 170/4 | €5,200,675 | €4,980,274 | -€220,400 | -4.2% |
| Amounts payable within one year | 42/48 | €5,532,372 | €5,536,277 | +€3,905 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €209,455 | €220,400 | +€10,945 | +5.2% |
| Financial debts | 43 | €1,824,206 | €1,803,304 | -€20,903 | -1.1% |
| Credit institutions | 430/8 | €1,824,206 | €1,803,304 | -€20,903 | -1.1% |
| Trade debts | 44 | €559,798 | €667,300 | +€107,502 | +19.2% |
| Suppliers | 440/4 | €559,798 | €667,300 | +€107,502 | +19.2% |
| Taxes, remuneration and social security | 45 | €353,331 | €300,600 | -€52,731 | -14.9% |
| Taxes | 450/3 | €262,043 | €163,929 | -€98,114 | -37.4% |
| Remuneration and social security | 454/9 | €91,288 | €136,671 | +€45,383 | +49.7% |
| Other amounts payable | 47/48 | €2,585,582 | €2,544,674 | -€40,908 | -1.6% |
| Non-recurring operating income | 76A | €3,501 | - | -€3,501 | |
| Remuneration, social security and pensions | 62 | €1,015,296 | €1,009,005 | -€6,291 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €612,478 | €617,928 | +€5,450 | +0.9% |
| Other operating charges | 640/8 | €192,882 | €178,910 | -€13,973 | -7.2% |
| Non-recurring operating charges | 66A | €290 | €260 | -€30 | -10.3% |
| Gross operating margin | 9900 | €1,955,700 | €2,010,229 | +€54,530 | +2.8% |
| Operating profit (loss) | 9901 | €134,753 | €204,128 | +€69,374 | +51.5% |
| Financial income | 75/76B | €148 | €81 | -€66 | -45.1% |
| Recurring financial income | 75 | €148 | €81 | -€66 | -45.1% |
| Financial charges | 65/66B | €497,976 | €565,930 | +€67,954 | +13.6% |
| Recurring financial charges | 65 | €497,976 | €565,930 | +€67,954 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | -€363,075 | -€361,722 | +€1,354 | +0.4% |
| Income taxes | 67/77 | €27,748 | -€908 | -€28,656 | |
| Profit (loss) for the period | 9904 | -€390,823 | -€360,814 | +€30,010 | +7.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€390,823 | -€360,814 | +€30,010 | +7.7% |
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 16 October 2026 via checked.be.