FDL 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.
FDL IMMO
Largest movements
- Deferred charges and accrued income +€15,762
up €15,762 (+4488.4%), from €351 to €16,113
- Tangible fixed assets -€12,198
down €12,198 (-9.2%), from €132,392 to €120,194
- Cash -€8,522
down €8,522 (-95.0%), from €8,968 to €446
mainly Deferred charges and accrued income (-€15,762) and Net result for the year (-€6,822)
- Profit (loss) carried forward -€6,822
down €6,822 (-3.9%), from €173,468 to €166,646
- Gross operating margin -€230,753
down €230,753 (-97.3%), from €237,035 to €6,282
- Taxes -€43,244
no longer reported in 2025 (was €43,244)
- Financial charges -€4,425
down €4,425 (-97.5%), from €4,537 to €112
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 | €358,596 | €353,637 | -€4,958 | -1.4% |
| Fixed assets | 21/28 | €133,652 | €121,454 | -€12,198 | -9.1% |
| Tangible fixed assets | 22/27 | €132,392 | €120,194 | -€12,198 | -9.2% |
| Land and buildings | 22 | €132,392 | €120,194 | -€12,198 | -9.2% |
| Financial fixed assets | 28 | €1,260 | €1,260 | = | 0.0% |
| Current assets | 29/58 | €224,944 | €232,183 | +€7,240 | +3.2% |
| Amounts receivable within one year | 40/41 | €215,624 | €215,624 | = | 0.0% |
| Other amounts receivable | 41 | €215,624 | €215,624 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,968 | €446 | -€8,522 | -95.0% |
| Deferred charges and accrued income | 490/1 | €351 | €16,113 | +€15,762 | +4488.4% |
| Total equity and liabilities | 10/49 | €358,596 | €353,637 | -€4,958 | -1.4% |
| Equity | 10/15 | €284,968 | €278,146 | -€6,822 | -2.4% |
| Contributions | 10/11 | €111,500 | €111,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €173,468 | €166,646 | -€6,822 | -3.9% |
| Amounts payable | 17/49 | €73,628 | €75,492 | +€1,864 | +2.5% |
| Amounts payable within one year | 42/48 | €73,628 | €75,492 | +€1,864 | +2.5% |
| Trade debts | 44 | €2,132 | €3,996 | +€1,864 | +87.4% |
| Suppliers | 440/4 | €2,132 | €3,996 | +€1,864 | +87.4% |
| Taxes, remuneration and social security | 45 | €43,244 | €43,244 | = | 0.0% |
| Taxes | 450/3 | €43,244 | €43,244 | = | 0.0% |
| Other amounts payable | 47/48 | €28,252 | €28,252 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,198 | €12,198 | = | 0.0% |
| Other operating charges | 640/8 | €632 | €795 | +€162 | +25.7% |
| Gross operating margin | 9900 | €237,035 | €6,282 | -€230,753 | -97.3% |
| Operating profit (loss) | 9901 | €224,205 | -€6,711 | -€230,915 | |
| Financial charges | 65/66B | €4,537 | €112 | -€4,425 | -97.5% |
| Recurring financial charges | 65 | €4,537 | €112 | -€4,425 | -97.5% |
| Profit (loss) for the period before taxes | 9903 | €219,668 | -€6,822 | -€226,490 | |
| Income taxes | 67/77 | €43,244 | - | -€43,244 | |
| Profit (loss) for the period | 9904 | €176,424 | -€6,822 | -€183,246 | |
| Profit (loss) for the period to be appropriated | 9905 | €176,424 | -€6,822 | -€183,246 |
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 5 October 2026 via checked.be.