FIVE IMMO: what changed
Two financial 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.
FIVE IMMO
Largest movements
- Tangible fixed assets -€16,500
down €16,500 (-2.5%), from €658,759 to €642,259
of which Land and buildings: -€17,860
- Profit (loss) carried forward -€29,276
down €29,276 (-242.2%), from -€12,089 to -€41,365
- Other debts +€10,000
up €10,000 (+9.1%), from €110,000 to €120,000
- Financial charges +€2,959
up €2,959 (+46.8%), from €6,318 to €9,277
- Gross operating margin +€2,072
up €2,072 (+44.9%), from -€4,613 to -€2,541
- Depreciation +€678
up €678 (+4.3%), from €15,823 to €16,500
- Financial income +€672
up €672 (+228.6%), from €294 to €966
- Taxes +€290
new in 2025: €290
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 | €716,586 | €697,195 | -€19,391 | -2.7% |
| Fixed assets | 21/28 | €658,759 | €642,259 | -€16,500 | -2.5% |
| Tangible fixed assets | 22/27 | €658,759 | €642,259 | -€16,500 | -2.5% |
| Land and buildings | 22 | €553,652 | €535,791 | -€17,860 | -3.2% |
| Assets under construction and advance payments | 27 | €105,107 | €106,467 | +€1,360 | +1.3% |
| Current assets | 29/58 | €57,827 | €54,936 | -€2,891 | -5.0% |
| Amounts receivable within one year | 40/41 | €1,914 | €533 | -€1,381 | -72.2% |
| Other amounts receivable | 41 | €1,914 | €533 | -€1,381 | -72.2% |
| Current investments | 50/53 | €50,308 | €50,985 | +€676 | +1.3% |
| Cash at bank and in hand | 54/58 | €5,364 | €3,170 | -€2,194 | -40.9% |
| Deferred charges and accrued income | 490/1 | €241 | €248 | +€8 | +3.1% |
| Total equity and liabilities | 10/49 | €716,586 | €697,195 | -€19,391 | -2.7% |
| Equity | 10/15 | €351,270 | €321,995 | -€29,276 | -8.3% |
| Contributions | 10/11 | €361,500 | €361,500 | = | 0.0% |
| Capital | 10 | €361,500 | €361,500 | = | 0.0% |
| Issued capital | 100 | €361,500 | €361,500 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,089 | -€41,365 | -€29,276 | -242.2% |
| Amounts payable | 17/49 | €365,315 | €375,200 | +€9,885 | +2.7% |
| Amounts payable after more than one year | 17 | €255,200 | €255,200 | = | 0.0% |
| Financial debts | 170/4 | €255,200 | €255,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €110,115 | €120,000 | +€9,885 | +9.0% |
| Trade debts | 44 | €115 | - | -€115 | |
| Suppliers | 440/4 | €115 | - | -€115 | |
| Other amounts payable | 47/48 | €110,000 | €120,000 | +€10,000 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,823 | €16,500 | +€678 | +4.3% |
| Other operating charges | 640/8 | €1,554 | €1,634 | +€80 | +5.1% |
| Gross operating margin | 9900 | -€4,613 | -€2,541 | +€2,072 | +44.9% |
| Operating profit (loss) | 9901 | -€21,990 | -€20,675 | +€1,315 | +6.0% |
| Financial income | 75/76B | €294 | €966 | +€672 | +228.6% |
| Recurring financial income | 75 | €294 | €966 | +€672 | +228.6% |
| Financial charges | 65/66B | €6,318 | €9,277 | +€2,959 | +46.8% |
| Recurring financial charges | 65 | €6,318 | €9,277 | +€2,959 | +46.8% |
| Profit (loss) for the period before taxes | 9903 | -€28,014 | -€28,986 | -€972 | -3.5% |
| Income taxes | 67/77 | - | €290 | +€290 | |
| Profit (loss) for the period | 9904 | -€28,014 | -€29,276 | -€1,262 | -4.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,014 | -€29,276 | -€1,262 | -4.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.