FERVIMMO: 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.
FERVIMMO
Largest movements
- Tangible fixed assets -€92,363
no longer reported in 2025 (was €92,363)
of which Land and buildings: -€92,363
- Cash +€46,603
up €46,603 (+223517.7%), from €21 to €46,624
mainly Investment in fixed assets (net) (+€92,363) and Net result for the year (+€51,071)
- Other debts -€97,097
down €97,097 (-66.1%), from €146,904 to €49,806
- Profit (loss) carried forward +€51,071
up €51,071 (+71.1%), from -€71,870 to -€20,799
- Gross operating margin +€5,881
up €5,881 (+11.7%), from €50,275 to €56,156
- Depreciation -€4,239
no longer reported in 2025 (was €4,239)
- Financial charges -€3,674
down €3,674 (-48.7%), from €7,549 to €3,875
- Other operating charges -€698
down €698 (-36.6%), from €1,908 to €1,210
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 | €94,184 | €48,424 | -€45,759 | -48.6% |
| Fixed assets | 21/28 | €93,413 | €1,050 | -€92,363 | -98.9% |
| Tangible fixed assets | 22/27 | €92,363 | - | -€92,363 | |
| Land and buildings | 22 | €92,363 | - | -€92,363 | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €771 | €47,374 | +€46,603 | +6045.7% |
| Amounts receivable within one year | 40/41 | €750 | €750 | = | 0.0% |
| Other amounts receivable | 41 | €750 | €750 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €21 | €46,624 | +€46,603 | +223517.7% |
| Total equity and liabilities | 10/49 | €94,184 | €48,424 | -€45,759 | -48.6% |
| Equity | 10/15 | -€53,270 | -€2,199 | +€51,071 | +95.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,870 | -€20,799 | +€51,071 | +71.1% |
| Amounts payable | 17/49 | €147,454 | €50,623 | -€96,831 | -65.7% |
| Amounts payable within one year | 42/48 | €146,904 | €50,623 | -€96,281 | -65.5% |
| Trade debts | 44 | - | €817 | +€817 | |
| Suppliers | 440/4 | - | €817 | +€817 | |
| Other amounts payable | 47/48 | €146,904 | €49,806 | -€97,097 | -66.1% |
| Accrued charges and deferred income | 492/3 | €550 | - | -€550 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,239 | - | -€4,239 | |
| Other operating charges | 640/8 | €1,908 | €1,210 | -€698 | -36.6% |
| Gross operating margin | 9900 | €50,275 | €56,156 | +€5,881 | +11.7% |
| Operating profit (loss) | 9901 | €44,128 | €54,947 | +€10,819 | +24.5% |
| Financial charges | 65/66B | €7,549 | €3,875 | -€3,674 | -48.7% |
| Recurring financial charges | 65 | €7,549 | €3,875 | -€3,674 | -48.7% |
| Profit (loss) for the period before taxes | 9903 | €36,579 | €51,071 | +€14,492 | +39.6% |
| Profit (loss) for the period | 9904 | €36,579 | €51,071 | +€14,492 | +39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €36,579 | €51,071 | +€14,492 | +39.6% |
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 2 October 2026 via checked.be.