FIORIMMO: 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.
What changed
FIORIMMO
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€326,475
2023 · -€486,750+€160,275
Equity
€16.6m
2023 · €16.9m-€326,474
Cash
€55,605
2023 · €220,959-€165,354
Balance sheet total
€19.6m
2023 · €20.3m-€628,569
Largest movements
Assets
- Tangible fixed assets -€440,294
down €440,294 (-2.2%), from €20.0m to €19.5m
of which Land and buildings: -€422,099
Equity and liabilities
- Short-term financial debts -€907,000
no longer reported in 2024 (was €907,000)
- Debts after one year +€547,389
up €547,389 (+42.8%), from €1.3m to €1.8m
of which Financial debts: +€547,389
- Profit (loss) carried forward -€326,475
down €326,475 (-51.8%), from -€630,793 to -€957,268
Income statement
- Gross operating margin +€229,515
up €229,515 (+81.7%), from €281,037 to €510,552
- Financial charges +€29,311
up €29,311 (+19.6%), from €149,334 to €178,645
- Depreciation +€26,878
up €26,878 (+5.0%), from €542,799 to €569,677
- Other operating charges +€9,522
up €9,522 (+12.0%), from €79,531 to €89,053
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.
Result 2023
-€486,750
Gross operating margin
+€229,515
Depreciation
-€26,878
Other operating charges
-€9,522
Financial income
+€395
Financial charges
-€29,311
Taxes
-€3,923
Result 2024
-€326,475
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.
From operations
+€232,023
Investment
-€112,735
Financing
-€284,642
Cash 2023
€220,959
From operations (derived)
+€232,023
Net result for the year
-€326,475
Depreciation
+€569,677
Receivables within one year
-€8,890
Deferred charges and accrued income
+€15,164
Smaller working-capital items
-€1,987
Trade debts
-€68,681
Tax, wage and social debts
-€65,061
Accrued charges and deferred income
+€118,276
Investment (derived)
-€112,735
Investment in fixed assets (net)
-€112,735
Financing
-€284,642
Debts after one year
+€547,389
Current portion of long-term debt
+€74,969
Short-term financial debts
-€907,000
Contributions, distributions and other
+€0
Cash 2024
€55,605
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,251,812 | €19,623,243 | -€628,569 | -3.1% |
| Formation expenses | 20 | €19,625 | €14,208 | -€5,417 | -27.6% |
| Fixed assets | 21/28 | €19,988,152 | €19,536,627 | -€451,525 | -2.3% |
| Intangible fixed assets | 21 | €33,696 | €22,465 | -€11,231 | -33.3% |
| Tangible fixed assets | 22/27 | €19,953,856 | €19,513,562 | -€440,294 | -2.2% |
| Land and buildings | 22 | €19,867,592 | €19,445,493 | -€422,099 | -2.1% |
| Plant, machinery and equipment | 23 | €14,681 | €8,876 | -€5,805 | -39.5% |
| Furniture and vehicles | 24 | €71,583 | €59,194 | -€12,389 | -17.3% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €244,035 | €72,408 | -€171,627 | -70.3% |
| Amounts receivable within one year | 40/41 | €2,736 | €11,626 | +€8,890 | +324.9% |
| Other amounts receivable | 41 | €2,736 | €11,626 | +€8,890 | +324.9% |
| Cash at bank and in hand | 54/58 | €220,959 | €55,605 | -€165,354 | -74.8% |
| Deferred charges and accrued income | 490/1 | €20,340 | €5,176 | -€15,164 | -74.6% |
| Total equity and liabilities | 10/49 | €20,251,812 | €19,623,243 | -€628,569 | -3.1% |
| Equity | 10/15 | €16,946,017 | €16,619,543 | -€326,474 | -1.9% |
| Contributions | 10/11 | €17,576,523 | €17,576,523 | +€0 | 0.0% |
| Capital | 10 | €17,576,523 | €17,576,523 | +€0 | 0.0% |
| Issued capital | 100 | €17,576,523 | €17,576,523 | +€0 | 0.0% |
| Reserves | 13 | €287 | €287 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €287 | €287 | -€0 | 0.0% |
| Legal reserve | 130 | €287 | €287 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€630,793 | -€957,268 | -€326,475 | -51.8% |
| Provisions and deferred taxes | 16 | €8,451 | €7,990 | -€461 | -5.5% |
| Deferred taxes | 168 | €8,451 | €7,990 | -€461 | -5.5% |
| Amounts payable | 17/49 | €3,297,344 | €2,995,710 | -€301,634 | -9.1% |
| Amounts payable after more than one year | 17 | €1,277,921 | €1,825,310 | +€547,389 | +42.8% |
| Financial debts | 170/4 | €277,921 | €825,310 | +€547,389 | +197.0% |
| Other amounts payable | 178/9 | €1,000,000 | €1,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,881,244 | €913,946 | -€967,298 | -51.4% |
| Current portion of amounts payable after more than one year | 42 | €192,022 | €266,991 | +€74,969 | +39.0% |
| Financial debts | 43 | €907,000 | - | -€907,000 | |
| Credit institutions | 430/8 | €907,000 | - | -€907,000 | |
| Trade debts | 44 | €76,662 | €7,981 | -€68,681 | -89.6% |
| Suppliers | 440/4 | €76,662 | €7,981 | -€68,681 | -89.6% |
| Taxes, remuneration and social security | 45 | €67,427 | €2,366 | -€65,061 | -96.5% |
| Taxes | 450/3 | €59,927 | €866 | -€59,061 | -98.6% |
| Remuneration and social security | 454/9 | €7,500 | €1,500 | -€6,000 | -80.0% |
| Other amounts payable | 47/48 | €638,133 | €636,608 | -€1,525 | -0.2% |
| Accrued charges and deferred income | 492/3 | €138,179 | €256,455 | +€118,276 | +85.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €542,799 | €569,677 | +€26,878 | +5.0% |
| Other operating charges | 640/8 | €79,531 | €89,053 | +€9,522 | +12.0% |
| Gross operating margin | 9900 | €281,037 | €510,552 | +€229,515 | +81.7% |
| Operating profit (loss) | 9901 | -€341,293 | -€148,178 | +€193,115 | +56.6% |
| Financial income | 75/76B | - | €395 | +€395 | |
| Recurring financial income | 75 | - | €395 | +€395 | |
| Financial charges | 65/66B | €149,334 | €178,645 | +€29,311 | +19.6% |
| Recurring financial charges | 65 | €149,334 | €178,645 | +€29,311 | +19.6% |
| Profit (loss) for the period before taxes | 9903 | -€490,627 | -€326,428 | +€164,199 | +33.5% |
| Transfer from deferred taxes | 780 | €462 | €462 | -€0 | -0.1% |
| Income taxes | 67/77 | -€3,415 | €508 | +€3,923 | |
| Profit (loss) for the period | 9904 | -€486,750 | -€326,475 | +€160,275 | +32.9% |
| Transfer from tax-exempt reserves | 789 | €12,617 | €1,385 | -€11,232 | -89.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€474,133 | -€325,090 | +€149,043 | +31.4% |
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 2 October 2026 via checked.be.