FIPA 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.
FIPA IMMO
Largest movements
- Receivables within one year -€28,072
down €28,072 (-90.3%), from €31,099 to €3,027
of which Trade receivables: -€29,835
- Other debts +€240,907
up €240,907 (+14022.5%), from €1,718 to €242,625
- Debts after one year -€167,688
down €167,688 (-37.2%), from €450,371 to €282,683
of which Other amounts payable: -€162,112
- Profit (loss) carried forward -€68,721
down €68,721 (-16.3%), from €422,192 to €353,471
- Trade debts -€19,886
down €19,886 (-70.7%), from €28,134 to €8,248
- Gross operating margin -€200,797
down €200,797 (-78.8%), from €254,791 to €53,995
- Taxes -€46,963
down €46,963 (-99.5%), from €47,216 to €253
- Depreciation +€12,873
up €12,873 (+45.2%), from €28,493 to €41,366
- Financial charges -€6,579
down €6,579 (-41.9%), from €15,713 to €9,134
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 | €1,039,148 | €1,011,673 | -€27,475 | -2.6% |
| Fixed assets | 21/28 | €977,300 | €976,861 | -€439 | 0.0% |
| Tangible fixed assets | 22/27 | €977,050 | €976,611 | -€439 | 0.0% |
| Land and buildings | 22 | €592,115 | €976,611 | +€384,496 | +64.9% |
| Assets under construction and advance payments | 27 | €384,935 | - | -€384,935 | |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €61,849 | €34,813 | -€27,036 | -43.7% |
| Amounts receivable within one year | 40/41 | €31,099 | €3,027 | -€28,072 | -90.3% |
| Trade receivables | 40 | €29,978 | €142 | -€29,835 | -99.5% |
| Other amounts receivable | 41 | €1,122 | €2,885 | +€1,763 | +157.2% |
| Cash at bank and in hand | 54/58 | €27,583 | €31,769 | +€4,185 | +15.2% |
| Deferred charges and accrued income | 490/1 | €3,166 | €17 | -€3,149 | -99.5% |
| Total equity and liabilities | 10/49 | €1,039,148 | €1,011,673 | -€27,475 | -2.6% |
| Equity | 10/15 | €463,840 | €393,353 | -€70,487 | -15.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €422,192 | €353,471 | -€68,721 | -16.3% |
| Investment grants | 15 | €21,188 | €19,422 | -€1,766 | -8.3% |
| Amounts payable | 17/49 | €575,308 | €618,320 | +€43,012 | +7.5% |
| Amounts payable after more than one year | 17 | €450,371 | €282,683 | -€167,688 | -37.2% |
| Financial debts | 170/4 | €288,259 | €282,683 | -€5,576 | -1.9% |
| Other amounts payable | 178/9 | €162,112 | - | -€162,112 | |
| Amounts payable within one year | 42/48 | €123,688 | €335,430 | +€211,742 | +171.2% |
| Current portion of amounts payable after more than one year | 42 | €83,847 | €76,647 | -€7,200 | -8.6% |
| Trade debts | 44 | €28,134 | €8,248 | -€19,886 | -70.7% |
| Suppliers | 440/4 | €28,134 | €8,248 | -€19,886 | -70.7% |
| Taxes, remuneration and social security | 45 | €9,988 | €7,909 | -€2,079 | -20.8% |
| Taxes | 450/3 | €9,988 | €7,909 | -€2,079 | -20.8% |
| Other amounts payable | 47/48 | €1,718 | €242,625 | +€240,907 | +14022.5% |
| Accrued charges and deferred income | 492/3 | €1,250 | €208 | -€1,042 | -83.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,493 | €41,366 | +€12,873 | +45.2% |
| Other operating charges | 640/8 | €6,195 | €6,403 | +€208 | +3.4% |
| Non-recurring operating charges | 66A | - | €67,326 | +€67,326 | |
| Gross operating margin | 9900 | €254,791 | €53,995 | -€200,797 | -78.8% |
| Operating profit (loss) | 9901 | €220,103 | -€61,100 | -€281,203 | |
| Financial income | 75/76B | €1,766 | €1,766 | +€0 | 0.0% |
| Recurring financial income | 75 | €1,766 | €1,766 | +€0 | 0.0% |
| Financial charges | 65/66B | €15,713 | €9,134 | -€6,579 | -41.9% |
| Recurring financial charges | 65 | €15,713 | €9,134 | -€6,579 | -41.9% |
| Profit (loss) for the period before taxes | 9903 | €206,155 | -€68,468 | -€274,623 | |
| Income taxes | 67/77 | €47,216 | €253 | -€46,963 | -99.5% |
| Profit (loss) for the period | 9904 | €158,939 | -€68,721 | -€227,660 | |
| Profit (loss) for the period to be appropriated | 9905 | €158,939 | -€68,721 | -€227,660 |
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.