FERCO IMMOBILIERE: 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.
FERCO IMMOBILIERE
Largest movements
- Deferred charges and accrued income +€65,768
up €65,768 (+51.1%), from €128,720 to €194,488
- Receivables within one year -€33,211
down €33,211 (-15.2%), from €218,060 to €184,849
of which Other amounts receivable: -€25,016
- Current investments -€25,329
down €25,329 (-90.1%), from €28,118 to €2,789
- Cash -€11,765
down €11,765 (-36.7%), from €32,051 to €20,286
mainly Deferred charges and accrued income (-€65,768) and Debts after one year (-€12,602)
- Tangible fixed assets -€5,651
down €5,651 (-5.8%), from €97,056 to €91,405
of which Land and buildings: -€4,436
- Debts after one year -€12,602
down €12,602 (-19.5%), from €64,619 to €52,018
- Trade debts +€12,246
up €12,246 (+46.6%), from €26,302 to €38,548
- Other debts -€8,525
down €8,525 (-37.1%), from €22,986 to €14,461
- Gross operating margin +€56,520
up €56,520 (+39.9%), from €141,560 to €198,079
- Financial charges +€28,215
up €28,215 (+1,419%), from €1,988 to €30,204
- Depreciation -€2,772
down €2,772 (-32.9%), from €8,423 to €5,651
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €505,079 | €494,890 | -€10,190 | -2.0% |
| Fixed assets | 21/28 | €98,130 | €92,479 | -€5,651 | -5.8% |
| Tangible fixed assets | 22/27 | €97,056 | €91,405 | -€5,651 | -5.8% |
| Land and buildings | 22 | €94,245 | €89,809 | -€4,436 | -4.7% |
| Plant, machinery and equipment | 23 | €346 | €91 | -€255 | -73.8% |
| Furniture and vehicles | 24 | €2,129 | €1,253 | -€877 | -41.2% |
| Other tangible fixed assets | 26 | €336 | €252 | -€84 | -24.9% |
| Financial fixed assets | 28 | €1,074 | €1,074 | = | 0.0% |
| Current assets | 29/58 | €406,949 | €402,411 | -€4,538 | -1.1% |
| Amounts receivable within one year | 40/41 | €218,060 | €184,849 | -€33,211 | -15.2% |
| Trade receivables | 40 | €42,532 | €34,337 | -€8,195 | -19.3% |
| Other amounts receivable | 41 | €175,528 | €150,511 | -€25,016 | -14.3% |
| Current investments | 50/53 | €28,118 | €2,789 | -€25,329 | -90.1% |
| Cash at bank and in hand | 54/58 | €32,051 | €20,286 | -€11,765 | -36.7% |
| Deferred charges and accrued income | 490/1 | €128,720 | €194,488 | +€65,768 | +51.1% |
| Total equity and liabilities | 10/49 | €505,079 | €494,890 | -€10,190 | -2.0% |
| Equity | 10/15 | €353,303 | €355,786 | +€2,483 | +0.7% |
| Contributions | 10/11 | €158,592 | €158,592 | = | 0.0% |
| Capital | 10 | €158,592 | €158,592 | = | 0.0% |
| Issued capital | 100 | €158,592 | €158,592 | = | 0.0% |
| Reserves | 13 | €198,176 | €200,659 | +€2,483 | +1.3% |
| Non-distributable reserves | 130/1 | €9,867 | €9,867 | = | 0.0% |
| Legal reserve | 130 | €9,867 | €9,867 | = | 0.0% |
| Distributable reserves | 133 | €188,309 | €190,792 | +€2,483 | +1.3% |
| Profit (loss) carried forward | 14 | -€3,465 | -€3,465 | = | 0.0% |
| Amounts payable | 17/49 | €151,776 | €139,103 | -€12,673 | -8.3% |
| Amounts payable after more than one year | 17 | €64,619 | €52,018 | -€12,602 | -19.5% |
| Financial debts | 170/4 | €64,619 | €52,018 | -€12,602 | -19.5% |
| Amounts payable within one year | 42/48 | €87,156 | €87,085 | -€71 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €12,385 | €12,714 | +€330 | +2.7% |
| Financial debts | 43 | €562 | €401 | -€160 | -28.5% |
| Credit institutions | 430/8 | €562 | €401 | -€160 | -28.5% |
| Trade debts | 44 | €26,302 | €38,548 | +€12,246 | +46.6% |
| Suppliers | 440/4 | €26,302 | €38,548 | +€12,246 | +46.6% |
| Taxes, remuneration and social security | 45 | €24,921 | €20,961 | -€3,961 | -15.9% |
| Taxes | 450/3 | €9,080 | €4,372 | -€4,709 | -51.9% |
| Remuneration and social security | 454/9 | €15,841 | €16,589 | +€748 | +4.7% |
| Other amounts payable | 47/48 | €22,986 | €14,461 | -€8,525 | -37.1% |
| Remuneration, social security and pensions | 62 | €131,073 | €132,619 | +€1,547 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,423 | €5,651 | -€2,772 | -32.9% |
| Other operating charges | 640/8 | €1,150 | €989 | -€161 | -14.0% |
| Non-recurring operating charges | 66A | - | €22,667 | +€22,667 | |
| Gross operating margin | 9900 | €141,560 | €198,079 | +€56,520 | +39.9% |
| Operating profit (loss) | 9901 | €914 | €36,153 | +€35,239 | +3,855% |
| Financial income | 75/76B | €238 | €30 | -€208 | -87.2% |
| Recurring financial income | 75 | €238 | €30 | -€208 | -87.2% |
| Financial charges | 65/66B | €1,988 | €30,204 | +€28,215 | +1,419% |
| Recurring financial charges | 65 | €1,988 | €30,204 | +€28,215 | +1,419% |
| Profit (loss) for the period before taxes | 9903 | -€836 | €5,980 | +€6,816 | |
| Income taxes | 67/77 | €2,629 | €3,497 | +€868 | +33.0% |
| Profit (loss) for the period | 9904 | -€3,465 | €2,483 | +€5,948 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,465 | €2,483 | +€5,948 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.