FDRK 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.
FDRK IMMO
Largest movements
- Financial fixed assets +€251,106
new in 2025: €251,106
- Tangible fixed assets +€12,050
up €12,050 (+3.4%), from €353,698 to €365,749
of which Furniture and vehicles: +€22,614
- Receivables within one year -€11,771
down €11,771 (-3.2%), from €368,317 to €356,546
of which Trade receivables: -€29,917
- Other debts +€312,699
up €312,699 (+659.3%), from €47,432 to €360,131
- Profit (loss) carried forward -€48,867
down €48,867 (-18.5%), from €264,428 to €215,561
- Tax, wage and social debts -€30,943
down €30,943 (-40.5%), from €76,389 to €45,446
- Debts after one year +€15,486
up €15,486 (+6.2%), from €248,782 to €264,268
- Gross operating margin -€112,305
down €112,305, from €91,466 to -€20,839
- Taxes -€16,092
no longer reported in 2025 (was €16,092)
- Financial income -€13,338
no longer reported in 2025 (was €13,338)
- Financial charges +€1,793
up €1,793 (+15.2%), from €11,828 to €13,621
- Depreciation +€1,606
up €1,606 (+12.5%), from €12,802 to €14,407
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 | €722,097 | €974,153 | +€252,055 | +34.9% |
| Fixed assets | 21/28 | €353,698 | €616,855 | +€263,156 | +74.4% |
| Tangible fixed assets | 22/27 | €353,698 | €365,749 | +€12,050 | +3.4% |
| Land and buildings | 22 | €337,221 | €329,993 | -€7,228 | -2.1% |
| Plant, machinery and equipment | 23 | €15,432 | €12,096 | -€3,336 | -21.6% |
| Furniture and vehicles | 24 | €1,046 | €23,659 | +€22,614 | +2162.1% |
| Financial fixed assets | 28 | - | €251,106 | +€251,106 | |
| Current assets | 29/58 | €368,399 | €357,298 | -€11,101 | -3.0% |
| Amounts receivable within one year | 40/41 | €368,317 | €356,546 | -€11,771 | -3.2% |
| Trade receivables | 40 | €55,710 | €25,793 | -€29,917 | -53.7% |
| Other amounts receivable | 41 | €312,607 | €330,753 | +€18,146 | +5.8% |
| Cash at bank and in hand | 54/58 | €0 | €695 | +€695 | +1158283.3% |
| Deferred charges and accrued income | 490/1 | €82 | €57 | -€25 | -30.3% |
| Total equity and liabilities | 10/49 | €722,097 | €974,153 | +€252,055 | +34.9% |
| Equity | 10/15 | €265,678 | €216,811 | -€48,867 | -18.4% |
| Contributions | 10/11 | €1,250 | €1,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €264,428 | €215,561 | -€48,867 | -18.5% |
| Amounts payable | 17/49 | €456,419 | €757,342 | +€300,923 | +65.9% |
| Amounts payable after more than one year | 17 | €248,782 | €264,268 | +€15,486 | +6.2% |
| Financial debts | 170/4 | €248,782 | €264,268 | +€15,486 | +6.2% |
| Amounts payable within one year | 42/48 | €207,637 | €493,074 | +€285,437 | +137.5% |
| Current portion of amounts payable after more than one year | 42 | €10,532 | €14,514 | +€3,982 | +37.8% |
| Trade debts | 44 | €73,285 | €72,984 | -€301 | -0.4% |
| Suppliers | 440/4 | €73,285 | €72,984 | -€301 | -0.4% |
| Taxes, remuneration and social security | 45 | €76,389 | €45,446 | -€30,943 | -40.5% |
| Taxes | 450/3 | €76,389 | €45,446 | -€30,943 | -40.5% |
| Other amounts payable | 47/48 | €47,432 | €360,131 | +€312,699 | +659.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,802 | €14,407 | +€1,606 | +12.5% |
| Gross operating margin | 9900 | €91,466 | -€20,839 | -€112,305 | |
| Operating profit (loss) | 9901 | €78,664 | -€35,246 | -€113,910 | |
| Financial income | 75/76B | €13,338 | - | -€13,338 | |
| Recurring financial income | 75 | €13,338 | - | -€13,338 | |
| Financial charges | 65/66B | €11,828 | €13,621 | +€1,793 | +15.2% |
| Recurring financial charges | 65 | €11,828 | €13,621 | +€1,793 | +15.2% |
| Profit (loss) for the period before taxes | 9903 | €80,174 | -€48,867 | -€129,041 | |
| Income taxes | 67/77 | €16,092 | - | -€16,092 | |
| Profit (loss) for the period | 9904 | €64,082 | -€48,867 | -€112,949 | |
| Profit (loss) for the period to be appropriated | 9905 | €64,082 | -€48,867 | -€112,949 |
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 1 October 2026 via checked.be.