FERNIMMO: 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.
FERNIMMO
Largest movements
- Cash -€213,827
down €213,827 (-57.7%), from €370,905 to €157,078
mainly Investment in fixed assets (net) (-€155,312) and Net result for the year (-€92,779)
- Tangible fixed assets +€55,576
up €55,576 (+11.2%), from €494,873 to €550,449
of which Land and buildings: +€57,284
- Receivables within one year +€26,257
up €26,257 (+60.0%), from €43,726 to €69,983
of which Trade receivables: +€32,167
- Profit (loss) carried forward -€84,132
down €84,132 (-11.4%), from €738,734 to €654,602
- Tax, wage and social debts -€36,739
down €36,739 (-95.6%), from €38,428 to €1,689
- Depreciation +€74,861
up €74,861 (+301.0%), from €24,875 to €99,736
- Gross operating margin +€35,762
up €35,762, from -€29,714 to €6,047
- Financial income -€11,521
down €11,521 (-99.7%), from €11,551 to €31
of which Non-recurring financial income: -€11,500
- Other operating charges -€2,796
down €2,796 (-64.6%), from €4,330 to €1,534
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.
Cash bridge derived
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 | €997,640 | €866,986 | -€130,654 | -13.1% |
| Fixed assets | 21/28 | €515,966 | €571,542 | +€55,576 | +10.8% |
| Tangible fixed assets | 22/27 | €494,873 | €550,449 | +€55,576 | +11.2% |
| Land and buildings | 22 | €490,250 | €547,534 | +€57,284 | +11.7% |
| Plant, machinery and equipment | 23 | €2,250 | €1,800 | -€450 | -20.0% |
| Furniture and vehicles | 24 | €2,374 | €1,116 | -€1,258 | -53.0% |
| Financial fixed assets | 28 | €21,093 | €21,093 | = | 0.0% |
| Current assets | 29/58 | €481,674 | €295,443 | -€186,230 | -38.7% |
| Stocks and contracts in progress | 3 | €64,887 | €66,478 | +€1,591 | +2.5% |
| Stocks | 30/36 | €64,887 | €66,478 | +€1,591 | +2.5% |
| Amounts receivable within one year | 40/41 | €43,726 | €69,983 | +€26,257 | +60.0% |
| Trade receivables | 40 | €9,955 | €42,122 | +€32,167 | +323.1% |
| Other amounts receivable | 41 | €33,771 | €27,861 | -€5,911 | -17.5% |
| Cash at bank and in hand | 54/58 | €370,905 | €157,078 | -€213,827 | -57.7% |
| Deferred charges and accrued income | 490/1 | €2,156 | €1,905 | -€250 | -11.6% |
| Total equity and liabilities | 10/49 | €997,640 | €866,986 | -€130,654 | -13.1% |
| Equity | 10/15 | €884,932 | €792,153 | -€92,779 | -10.5% |
| Contributions | 10/11 | €6,324 | €6,324 | = | 0.0% |
| Outside capital | 11 | €6,324 | €6,324 | = | 0.0% |
| Other | 1109/19 | €6,324 | €6,324 | = | 0.0% |
| Reserves | 13 | €139,874 | €131,227 | -€8,647 | -6.2% |
| Non-distributable reserves | 130/1 | €16,080 | €16,080 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,080 | €16,080 | = | 0.0% |
| Tax-exempt reserves | 132 | €110,794 | €102,147 | -€8,647 | -7.8% |
| Distributable reserves | 133 | €13,000 | €13,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €738,734 | €654,602 | -€84,132 | -11.4% |
| Provisions and deferred taxes | 16 | €36,932 | €34,049 | -€2,883 | -7.8% |
| Deferred taxes | 168 | €36,932 | €34,049 | -€2,883 | -7.8% |
| Amounts payable | 17/49 | €75,776 | €40,783 | -€34,992 | -46.2% |
| Amounts payable within one year | 42/48 | €75,776 | €40,783 | -€34,992 | -46.2% |
| Trade debts | 44 | €14,915 | €14,620 | -€295 | -2.0% |
| Suppliers | 440/4 | €14,915 | €14,620 | -€295 | -2.0% |
| Advances received on contracts in progress | 46 | - | €1,383 | +€1,383 | |
| Taxes, remuneration and social security | 45 | €38,428 | €1,689 | -€36,739 | -95.6% |
| Taxes | 450/3 | €38,428 | €1,689 | -€36,739 | -95.6% |
| Other amounts payable | 47/48 | €22,433 | €23,091 | +€658 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,875 | €99,736 | +€74,861 | +301.0% |
| Other operating charges | 640/8 | €4,330 | €1,534 | -€2,796 | -64.6% |
| Gross operating margin | 9900 | -€29,714 | €6,047 | +€35,762 | |
| Operating profit (loss) | 9901 | -€58,919 | -€95,222 | -€36,303 | -61.6% |
| Financial income | 75/76B | €11,551 | €31 | -€11,521 | -99.7% |
| Recurring financial income | 75 | €51 | €31 | -€21 | -40.7% |
| Non-recurring financial income | 76B | €11,500 | - | -€11,500 | |
| Financial charges | 65/66B | €297 | €310 | +€13 | +4.5% |
| Recurring financial charges | 65 | €297 | €310 | +€13 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | -€47,665 | -€95,502 | -€47,837 | -100.4% |
| Transfer from deferred taxes | 780 | - | €2,883 | +€2,883 | |
| Income taxes | 67/77 | €159 | €160 | +€1 | +0.8% |
| Profit (loss) for the period | 9904 | -€47,823 | -€92,779 | -€44,955 | -94.0% |
| Transfer from tax-exempt reserves | 789 | €3,574 | €8,647 | +€5,073 | +142.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,249 | -€84,132 | -€39,882 | -90.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.