FENIX - 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.
FENIX - IMMO
Largest movements
- Tangible fixed assets -€5,893
down €5,893 (-3.5%), from €169,713 to €163,820
of which Land and buildings: -€6,073
- Debts after one year -€22,270
down €22,270 (-31.5%), from €70,727 to €48,457
- Current portion of long-term debt +€10,428
up €10,428 (+24.4%), from €42,677 to €53,105
- Profit (loss) carried forward +€5,050
up €5,050 (+16.6%), from €30,454 to €35,504
- Trade debts -€3,317
down €3,317 (-54.6%), from €6,072 to €2,755
- Other debts +€2,062
new in 2025: €2,062
- Gross operating margin -€5,682
down €5,682 (-17.8%), from €31,842 to €26,160
- Depreciation +€2,677
up €2,677 (+44.1%), from €6,073 to €8,750
- Taxes -€1,714
down €1,714 (-35.6%), from €4,819 to €3,105
- Financial charges -€715
down €715 (-32.9%), from €2,174 to €1,459
- Other operating charges +€367
up €367 (+4.9%), from €7,436 to €7,803
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 | €174,560 | €166,886 | -€7,675 | -4.4% |
| Fixed assets | 21/28 | €169,713 | €163,820 | -€5,893 | -3.5% |
| Tangible fixed assets | 22/27 | €169,713 | €163,820 | -€5,893 | -3.5% |
| Land and buildings | 22 | €169,713 | €163,640 | -€6,073 | -3.6% |
| Furniture and vehicles | 24 | - | €180 | +€180 | |
| Current assets | 29/58 | €4,848 | €3,065 | -€1,782 | -36.8% |
| Amounts receivable within one year | 40/41 | €819 | - | -€819 | |
| Other amounts receivable | 41 | €819 | - | -€819 | |
| Cash at bank and in hand | 54/58 | €2,749 | €1,774 | -€975 | -35.5% |
| Deferred charges and accrued income | 490/1 | €1,279 | €1,292 | +€12 | +1.0% |
| Total equity and liabilities | 10/49 | €174,560 | €166,886 | -€7,675 | -4.4% |
| Equity | 10/15 | €49,046 | €54,096 | +€5,050 | +10.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,454 | €35,504 | +€5,050 | +16.6% |
| Amounts payable | 17/49 | €125,515 | €112,790 | -€12,725 | -10.1% |
| Amounts payable after more than one year | 17 | €70,727 | €48,457 | -€22,270 | -31.5% |
| Financial debts | 170/4 | €70,727 | €48,457 | -€22,270 | -31.5% |
| Amounts payable within one year | 42/48 | €54,787 | €64,333 | +€9,545 | +17.4% |
| Current portion of amounts payable after more than one year | 42 | €42,677 | €53,105 | +€10,428 | +24.4% |
| Trade debts | 44 | €6,072 | €2,755 | -€3,317 | -54.6% |
| Suppliers | 440/4 | €6,072 | €2,755 | -€3,317 | -54.6% |
| Taxes, remuneration and social security | 45 | €6,038 | €6,410 | +€373 | +6.2% |
| Taxes | 450/3 | €6,038 | €6,410 | +€373 | +6.2% |
| Other amounts payable | 47/48 | - | €2,062 | +€2,062 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,073 | €8,750 | +€2,677 | +44.1% |
| Other operating charges | 640/8 | €7,436 | €7,803 | +€367 | +4.9% |
| Gross operating margin | 9900 | €31,842 | €26,160 | -€5,682 | -17.8% |
| Operating profit (loss) | 9901 | €18,332 | €9,606 | -€8,726 | -47.6% |
| Financial income | 75/76B | €67 | €7 | -€61 | -90.2% |
| Recurring financial income | 75 | €67 | €7 | -€61 | -90.2% |
| Financial charges | 65/66B | €2,174 | €1,459 | -€715 | -32.9% |
| Recurring financial charges | 65 | €2,174 | €1,459 | -€715 | -32.9% |
| Profit (loss) for the period before taxes | 9903 | €16,226 | €8,154 | -€8,071 | -49.7% |
| Income taxes | 67/77 | €4,819 | €3,105 | -€1,714 | -35.6% |
| Profit (loss) for the period | 9904 | €11,407 | €5,050 | -€6,357 | -55.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,407 | €5,050 | -€6,357 | -55.7% |
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 14 October 2026 via checked.be.