FERMIMMO: 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.
FERMIMMO
Largest movements
- Tangible fixed assets -€32,710
down €32,710 (-5.0%), from €648,193 to €615,483
of which Other tangible fixed assets: -€27,476
- Reserves -€14,637
down €14,637 (-5.2%), from €282,840 to €268,204
of which Tax-exempt reserves: -€14,637
- Profit (loss) carried forward -€9,425
down €9,425 (-8.7%), from -€108,504 to -€117,928
- Debts after one year -€7,500
down €7,500 (-5.0%), from €150,000 to €142,500
- Financial charges +€1,448
up €1,448 (+19.9%), from €7,292 to €8,740
- Gross operating margin +€1,162
up €1,162 (+7.9%), from €14,783 to €15,944
- Depreciation -€867
down €867 (-2.6%), from €33,577 to €32,710
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 | €676,152 | €639,957 | -€36,195 | -5.4% |
| Fixed assets | 21/28 | €648,193 | €615,483 | -€32,710 | -5.0% |
| Tangible fixed assets | 22/27 | €648,193 | €615,483 | -€32,710 | -5.0% |
| Land and buildings | 22 | €57,124 | €51,890 | -€5,235 | -9.2% |
| Other tangible fixed assets | 26 | €591,069 | €563,593 | -€27,476 | -4.6% |
| Current assets | 29/58 | €27,958 | €24,473 | -€3,485 | -12.5% |
| Amounts receivable within one year | 40/41 | €156 | €296 | +€140 | +89.6% |
| Other amounts receivable | 41 | €156 | €296 | +€140 | +89.6% |
| Current investments | 50/53 | €23,438 | €16,796 | -€6,642 | -28.3% |
| Cash at bank and in hand | 54/58 | €3,796 | €6,793 | +€2,997 | +78.9% |
| Deferred charges and accrued income | 490/1 | €568 | €588 | +€20 | +3.5% |
| Total equity and liabilities | 10/49 | €676,152 | €639,957 | -€36,195 | -5.4% |
| Equity | 10/15 | €430,170 | €406,109 | -€24,062 | -5.6% |
| Contributions | 10/11 | €255,834 | €255,834 | = | 0.0% |
| Capital | 10 | €255,834 | €255,834 | = | 0.0% |
| Issued capital | 100 | €255,834 | €255,834 | = | 0.0% |
| Reserves | 13 | €282,840 | €268,204 | -€14,637 | -5.2% |
| Non-distributable reserves | 130/1 | €25,583 | €25,583 | = | 0.0% |
| Legal reserve | 130 | €25,583 | €25,583 | = | 0.0% |
| Tax-exempt reserves | 132 | €257,257 | €242,620 | -€14,637 | -5.7% |
| Profit (loss) carried forward | 14 | -€108,504 | -€117,928 | -€9,425 | -8.7% |
| Provisions and deferred taxes | 16 | €85,752 | €80,873 | -€4,879 | -5.7% |
| Deferred taxes | 168 | €85,752 | €80,873 | -€4,879 | -5.7% |
| Amounts payable | 17/49 | €160,229 | €152,974 | -€7,255 | -4.5% |
| Amounts payable after more than one year | 17 | €150,000 | €142,500 | -€7,500 | -5.0% |
| Other amounts payable | 178/9 | €150,000 | €142,500 | -€7,500 | -5.0% |
| Amounts payable within one year | 42/48 | €1,289 | €1,924 | +€635 | +49.3% |
| Trade debts | 44 | €299 | €609 | +€310 | +103.9% |
| Suppliers | 440/4 | €299 | €609 | +€310 | +103.9% |
| Other amounts payable | 47/48 | €990 | €1,316 | +€325 | +32.8% |
| Accrued charges and deferred income | 492/3 | €8,940 | €8,550 | -€390 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,577 | €32,710 | -€867 | -2.6% |
| Other operating charges | 640/8 | €4,053 | €4,025 | -€28 | -0.7% |
| Non-recurring operating charges | 66A | €215 | €0 | -€215 | -100.0% |
| Gross operating margin | 9900 | €14,783 | €15,944 | +€1,162 | +7.9% |
| Operating profit (loss) | 9901 | -€23,062 | -€20,791 | +€2,272 | +9.9% |
| Financial income | 75/76B | €520 | €590 | +€70 | +13.5% |
| Recurring financial income | 75 | €520 | €466 | -€54 | -10.3% |
| Non-recurring financial income | 76B | - | €124 | +€124 | |
| Financial charges | 65/66B | €7,292 | €8,740 | +€1,448 | +19.9% |
| Recurring financial charges | 65 | €7,292 | €8,740 | +€1,448 | +19.9% |
| Profit (loss) for the period before taxes | 9903 | -€29,834 | -€28,940 | +€894 | +3.0% |
| Transfer from deferred taxes | 780 | €4,879 | €4,879 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€24,955 | -€24,062 | +€894 | +3.6% |
| Transfer from tax-exempt reserves | 789 | €14,637 | €14,637 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,319 | -€9,425 | +€894 | +8.7% |
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 7 October 2026 via checked.be.