FERM-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.
FERM-IMMO
Largest movements
- Cash -€2,888
down €2,888 (-33.2%), from €8,692 to €5,804
mainly Net result for the year (-€1,698) and Deferred charges and accrued income (-€831)
- Deferred charges and accrued income +€831
up €831 (+66.6%), from €1,248 to €2,079
- Profit (loss) carried forward -€1,698
down €1,698 (-0.3%), from -€566,955 to -€568,653
- Financial income -€5,925
down €5,925 (-87.7%), from €6,756 to €831
of which Non-recurring financial income: -€6,000
- Gross operating margin +€1,531
up €1,531 (+44.1%), from -€3,470 to -€1,939
- Other operating charges -€114
down €114 (-22.8%), from €502 to €387
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 | €38,936 | €37,238 | -€1,698 | -4.4% |
| Current assets | 29/58 | €38,936 | €37,238 | -€1,698 | -4.4% |
| Amounts receivable within one year | 40/41 | €28,995 | €29,355 | +€360 | +1.2% |
| Trade receivables | 40 | €17,149 | €17,134 | -€16 | -0.1% |
| Other amounts receivable | 41 | €11,846 | €12,221 | +€375 | +3.2% |
| Cash at bank and in hand | 54/58 | €8,692 | €5,804 | -€2,888 | -33.2% |
| Deferred charges and accrued income | 490/1 | €1,248 | €2,079 | +€831 | +66.6% |
| Total equity and liabilities | 10/49 | €38,936 | €37,238 | -€1,698 | -4.4% |
| Equity | 10/15 | -€406,935 | -€408,633 | -€1,698 | -0.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €60,019 | €60,019 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €50,019 | €50,019 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€566,955 | -€568,653 | -€1,698 | -0.3% |
| Amounts payable | 17/49 | €445,871 | €445,871 | = | 0.0% |
| Amounts payable after more than one year | 17 | €395,185 | €395,185 | = | 0.0% |
| Other amounts payable | 178/9 | €395,185 | €395,185 | = | 0.0% |
| Amounts payable within one year | 42/48 | €50,686 | €50,686 | = | 0.0% |
| Other amounts payable | 47/48 | €50,686 | €50,686 | = | 0.0% |
| Other operating charges | 640/8 | €502 | €387 | -€114 | -22.8% |
| Gross operating margin | 9900 | -€3,470 | -€1,939 | +€1,531 | +44.1% |
| Operating profit (loss) | 9901 | -€3,972 | -€2,326 | +€1,646 | +41.4% |
| Financial income | 75/76B | €6,756 | €831 | -€5,925 | -87.7% |
| Recurring financial income | 75 | €756 | €831 | +€75 | +9.9% |
| Non-recurring financial income | 76B | €6,000 | - | -€6,000 | |
| Financial charges | 65/66B | €188 | €203 | +€15 | +8.0% |
| Recurring financial charges | 65 | €188 | €203 | +€15 | +8.0% |
| Profit (loss) for the period before taxes | 9903 | €2,597 | -€1,698 | -€4,294 | |
| Profit (loss) for the period | 9904 | €2,597 | -€1,698 | -€4,294 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,597 | -€1,698 | -€4,294 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.