FIERCE IMMO: 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.
FIERCE IMMO
Largest movements
- Tangible fixed assets +€132,621
up €132,621 (+611.2%), from €21,699 to €154,321
of which Furniture and vehicles: +€129,668
- Deferred charges and accrued income -€34,905
down €34,905 (-95.6%), from €36,501 to €1,597
- Cash +€24,687
up €24,687 (+873.8%), from €2,825 to €27,513
mainly Debts after one year (+€102,633) and Deferred charges and accrued income (+€34,905)
- Receivables within one year +€12,367
up €12,367 (+22.3%), from €55,380 to €67,747
of which Other amounts receivable: +€26,025
- Intangible fixed assets -€5,945
down €5,945 (-100.0%), from €5,946 to €1
- Debts after one year +€102,633
new in 2025: €102,633
- Current portion of long-term debt +€23,720
up €23,720 (+552.9%), from €4,290 to €28,010
- Reserves +€19,000
up €19,000 (+38.9%), from €48,855 to €67,855
- Tax, wage and social debts -€15,223
down €15,223 (-71.6%), from €21,249 to €6,026
of which Taxes: -€17,338
- Trade debts -€9,202
down €9,202 (-46.0%), from €20,001 to €10,799
- Gross operating margin +€46,848
up €46,848 (+76.3%), from €61,429 to €108,276
- Other operating charges +€15,433
up €15,433 (+193.3%), from €7,982 to €23,415
- Depreciation +€14,514
up €14,514 (+189.5%), from €7,661 to €22,175
- Staff costs +€10,420
up €10,420 (+94.2%), from €11,064 to €21,484
- Taxes +€9,361
up €9,361 (+87.6%), from €10,681 to €20,042
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 | €129,452 | €258,767 | +€129,316 | +99.9% |
| Fixed assets | 21/28 | €34,745 | €161,912 | +€127,166 | +366.0% |
| Intangible fixed assets | 21 | €5,946 | €1 | -€5,945 | -100.0% |
| Tangible fixed assets | 22/27 | €21,699 | €154,321 | +€132,621 | +611.2% |
| Plant, machinery and equipment | 23 | €198 | €127 | -€71 | -36.0% |
| Furniture and vehicles | 24 | €5,123 | €134,791 | +€129,668 | +2531.2% |
| Leasing and similar rights | 25 | €16,378 | €11,844 | -€4,534 | -27.7% |
| Other tangible fixed assets | 26 | - | €7,558 | +€7,558 | |
| Financial fixed assets | 28 | €7,100 | €7,590 | +€490 | +6.9% |
| Current assets | 29/58 | €94,706 | €96,856 | +€2,149 | +2.3% |
| Amounts receivable within one year | 40/41 | €55,380 | €67,747 | +€12,367 | +22.3% |
| Trade receivables | 40 | €36,395 | €22,737 | -€13,658 | -37.5% |
| Other amounts receivable | 41 | €18,985 | €45,010 | +€26,025 | +137.1% |
| Cash at bank and in hand | 54/58 | €2,825 | €27,513 | +€24,687 | +873.8% |
| Deferred charges and accrued income | 490/1 | €36,501 | €1,597 | -€34,905 | -95.6% |
| Total equity and liabilities | 10/49 | €129,452 | €258,767 | +€129,316 | +99.9% |
| Equity | 10/15 | €75,591 | €95,025 | +€19,434 | +25.7% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €48,855 | €67,855 | +€19,000 | +38.9% |
| Distributable reserves | 133 | €48,855 | €67,855 | +€19,000 | +38.9% |
| Profit (loss) carried forward | 14 | €23,236 | €23,670 | +€434 | +1.9% |
| Amounts payable | 17/49 | €53,861 | €163,743 | +€109,882 | +204.0% |
| Amounts payable after more than one year | 17 | - | €102,633 | +€102,633 | |
| Financial debts | 170/4 | - | €102,633 | +€102,633 | |
| Amounts payable within one year | 42/48 | €53,861 | €53,155 | -€705 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €4,290 | €28,010 | +€23,720 | +552.9% |
| Trade debts | 44 | €20,001 | €10,799 | -€9,202 | -46.0% |
| Suppliers | 440/4 | €20,001 | €10,799 | -€9,202 | -46.0% |
| Taxes, remuneration and social security | 45 | €21,249 | €6,026 | -€15,223 | -71.6% |
| Taxes | 450/3 | €20,918 | €3,580 | -€17,338 | -82.9% |
| Remuneration and social security | 454/9 | €331 | €2,446 | +€2,115 | +639.8% |
| Other amounts payable | 47/48 | €8,320 | €8,320 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €7,955 | +€7,955 | |
| Remuneration, social security and pensions | 62 | €11,064 | €21,484 | +€10,420 | +94.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,661 | €22,175 | +€14,514 | +189.5% |
| Other operating charges | 640/8 | €7,982 | €23,415 | +€15,433 | +193.3% |
| Non-recurring operating charges | 66A | - | €642 | +€642 | |
| Gross operating margin | 9900 | €61,429 | €108,276 | +€46,848 | +76.3% |
| Operating profit (loss) | 9901 | €34,722 | €40,560 | +€5,839 | +16.8% |
| Financial income | 75/76B | €430 | €1,648 | +€1,218 | +283.3% |
| Recurring financial income | 75 | €430 | €1,648 | +€1,218 | +283.3% |
| Financial charges | 65/66B | €1,235 | €2,733 | +€1,498 | +121.4% |
| Recurring financial charges | 65 | €1,235 | €2,733 | +€1,498 | +121.4% |
| Profit (loss) for the period before taxes | 9903 | €33,917 | €39,476 | +€5,558 | +16.4% |
| Income taxes | 67/77 | €10,681 | €20,042 | +€9,361 | +87.6% |
| Profit (loss) for the period | 9904 | €23,236 | €19,434 | -€3,802 | -16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,236 | €19,434 | -€3,802 | -16.4% |
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.