FK 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.
FK IMMO
Largest movements
- Cash -€274,268
down €274,268 (-99.7%), from €275,096 to €829
mainly Current portion of long-term debt (-€229,000) and Net result for the year (-€82,514)
- Stocks and contracts -€47,631
down €47,631 (-6.6%), from €717,816 to €670,185
- Current portion of long-term debt -€229,000
down €229,000 (-20.5%), from €1.1m to €888,816
- Profit (loss) carried forward -€82,514
down €82,514 (-43.6%), from -€189,089 to -€271,603
- Write-downs -€30,000
down €30,000 (-30.0%), from €100,000 to €70,000
- Financial income -€7,507
down €7,507 (-78.7%), from €9,537 to €2,031
- Other operating charges -€6,096
down €6,096 (-75.3%), from €8,094 to €1,998
- Gross operating margin +€4,888
up €4,888 (+38.5%), from -€12,680 to -€7,792
- Financial charges -€1,778
down €1,778 (-86.6%), from €2,054 to €275
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 | €1,067,998 | €749,064 | -€318,934 | -29.9% |
| Fixed assets | 21/28 | €2,450 | €1,675 | -€775 | -31.6% |
| Tangible fixed assets | 22/27 | €2,450 | €1,675 | -€775 | -31.6% |
| Furniture and vehicles | 24 | €2,450 | €1,675 | -€775 | -31.6% |
| Current assets | 29/58 | €1,065,548 | €747,389 | -€318,159 | -29.9% |
| Stocks and contracts in progress | 3 | €717,816 | €670,185 | -€47,631 | -6.6% |
| Stocks | 30/36 | €717,816 | €670,185 | -€47,631 | -6.6% |
| Amounts receivable within one year | 40/41 | €72,636 | €76,376 | +€3,740 | +5.1% |
| Other amounts receivable | 41 | €72,636 | €76,376 | +€3,740 | +5.1% |
| Cash at bank and in hand | 54/58 | €275,096 | €829 | -€274,268 | -99.7% |
| Total equity and liabilities | 10/49 | €1,067,998 | €749,064 | -€318,934 | -29.9% |
| Equity | 10/15 | -€57,408 | -€139,922 | -€82,514 | -143.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €113,081 | €113,081 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €111,221 | €111,221 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€189,089 | -€271,603 | -€82,514 | -43.6% |
| Amounts payable | 17/49 | €1,125,406 | €888,986 | -€236,420 | -21.0% |
| Amounts payable within one year | 42/48 | €1,125,406 | €888,986 | -€236,420 | -21.0% |
| Current portion of amounts payable after more than one year | 42 | €1,117,816 | €888,816 | -€229,000 | -20.5% |
| Trade debts | 44 | €7,590 | €170 | -€7,420 | -97.8% |
| Suppliers | 440/4 | €7,590 | €170 | -€7,420 | -97.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €775 | €775 | -€0 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €100,000 | €70,000 | -€30,000 | -30.0% |
| Other operating charges | 640/8 | €8,094 | €1,998 | -€6,096 | -75.3% |
| Non-recurring operating charges | 66A | - | €3,704 | +€3,704 | |
| Gross operating margin | 9900 | -€12,680 | -€7,792 | +€4,888 | +38.5% |
| Operating profit (loss) | 9901 | -€121,549 | -€84,269 | +€37,280 | +30.7% |
| Financial income | 75/76B | €9,537 | €2,031 | -€7,507 | -78.7% |
| Recurring financial income | 75 | €9,537 | €2,031 | -€7,507 | -78.7% |
| Financial charges | 65/66B | €2,054 | €275 | -€1,778 | -86.6% |
| Recurring financial charges | 65 | €2,054 | €275 | -€1,778 | -86.6% |
| Profit (loss) for the period before taxes | 9903 | -€114,066 | -€82,514 | +€31,552 | +27.7% |
| Profit (loss) for the period | 9904 | -€114,066 | -€82,514 | +€31,552 | +27.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€114,066 | -€82,514 | +€31,552 | +27.7% |
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.