FENAIR 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.
FENAIR IMMO
Largest movements
- Cash +€166,531
up €166,531 (+98.1%), from €169,805 to €336,336
mainly Net result for the year (+€165,627) and Trade debts (+€103,942)
- Tangible fixed assets -€71,066
down €71,066 (-11.6%), from €610,091 to €539,025
of which Plant, machinery and equipment: -€39,507
- Receivables within one year +€21,076
up €21,076 (+1,968%), from €1,071 to €22,146
of which Other amounts receivable: +€21,076
- Profit (loss) carried forward +€165,627
up €165,627 (+29.2%), from €567,218 to €732,844
- Debts after one year -€113,731
down €113,731 (-95.5%), from €119,117 to €5,385
- Trade debts +€103,942
up €103,942 (+18,673%), from €557 to €104,499
- Tax, wage and social debts -€38,510
down €38,510 (-52.5%), from €73,366 to €34,856
of which Taxes: -€35,777
- Gross operating margin -€63,044
down €63,044 (-14.6%), from €431,858 to €368,813
- Depreciation -€34,458
down €34,458 (-32.7%), from €105,525 to €71,066
- Taxes -€7,417
down €7,417 (-12.7%), from €58,216 to €50,799
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 | €781,662 | €898,271 | +€116,609 | +14.9% |
| Fixed assets | 21/28 | €610,091 | €539,025 | -€71,066 | -11.6% |
| Tangible fixed assets | 22/27 | €610,091 | €539,025 | -€71,066 | -11.6% |
| Land and buildings | 22 | €482,965 | €470,580 | -€12,385 | -2.6% |
| Plant, machinery and equipment | 23 | €89,501 | €49,994 | -€39,507 | -44.1% |
| Furniture and vehicles | 24 | €37,625 | €18,451 | -€19,175 | -51.0% |
| Current assets | 29/58 | €171,571 | €359,246 | +€187,675 | +109% |
| Amounts receivable within one year | 40/41 | €1,071 | €22,146 | +€21,076 | +1,968% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,071 | €22,146 | +€21,076 | +1,968% |
| Cash at bank and in hand | 54/58 | €169,805 | €336,336 | +€166,531 | +98.1% |
| Deferred charges and accrued income | 490/1 | €695 | €764 | +€69 | +9.9% |
| Total equity and liabilities | 10/49 | €781,662 | €898,271 | +€116,609 | +14.9% |
| Equity | 10/15 | €587,218 | €752,844 | +€165,627 | +28.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €567,218 | €732,844 | +€165,627 | +29.2% |
| Amounts payable | 17/49 | €194,444 | €145,426 | -€49,018 | -25.2% |
| Amounts payable after more than one year | 17 | €119,117 | €5,385 | -€113,731 | -95.5% |
| Other amounts payable | 178/9 | €119,117 | €5,385 | -€113,731 | -95.5% |
| Amounts payable within one year | 42/48 | €73,923 | €139,355 | +€65,433 | +88.5% |
| Trade debts | 44 | €557 | €104,499 | +€103,942 | +18,673% |
| Suppliers | 440/4 | €557 | €104,499 | +€103,942 | +18,673% |
| Taxes, remuneration and social security | 45 | €73,366 | €34,856 | -€38,510 | -52.5% |
| Taxes | 450/3 | €62,778 | €27,001 | -€35,777 | -57.0% |
| Remuneration and social security | 454/9 | €10,588 | €7,856 | -€2,732 | -25.8% |
| Accrued charges and deferred income | 492/3 | €1,405 | €686 | -€719 | -51.2% |
| Remuneration, social security and pensions | 62 | €71,299 | €74,498 | +€3,198 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,525 | €71,066 | -€34,458 | -32.7% |
| Other operating charges | 640/8 | €1,729 | €5,627 | +€3,897 | +225% |
| Gross operating margin | 9900 | €431,858 | €368,813 | -€63,044 | -14.6% |
| Operating profit (loss) | 9901 | €253,304 | €217,623 | -€35,681 | -14.1% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €2,014 | €1,197 | -€816 | -40.5% |
| Recurring financial charges | 65 | €2,014 | €1,197 | -€816 | -40.5% |
| Profit (loss) for the period before taxes | 9903 | €251,291 | €216,426 | -€34,866 | -13.9% |
| Income taxes | 67/77 | €58,216 | €50,799 | -€7,417 | -12.7% |
| Profit (loss) for the period | 9904 | €193,075 | €165,627 | -€27,449 | -14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €193,075 | €165,627 | -€27,449 | -14.2% |
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 18 October 2026 via checked.be.