FLAMAR 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.
FLAMAR IMMO
Largest movements
- Tangible fixed assets +€899,234
up €899,234 (+36.0%), from €2.5m to €3.4m
of which Land and buildings: +€891,811
- Receivables within one year -€60,193
down €60,193 (-39.1%), from €154,093 to €93,900
of which Other amounts receivable: -€34,251
- Debts after one year +€829,619
up €829,619 (+58.0%), from €1.4m to €2.3m
- Profit (loss) carried forward -€86,708
down €86,708 (-10459.3%), from -€829 to -€87,537
- Other debts +€85,209
up €85,209 (+190.8%), from €44,653 to €129,862
- Current portion of long-term debt +€52,991
up €52,991 (+45.5%), from €116,357 to €169,348
- Revaluation surpluses -€49,631
down €49,631 (-7.0%), from €705,351 to €655,720
- Depreciation +€70,859
up €70,859 (+37.1%), from €191,246 to €262,105
- Gross operating margin +€40,279
up €40,279 (+20.6%), from €195,919 to €236,198
- Financial charges +€11,469
up €11,469 (+27.0%), from €42,433 to €53,902
- Other operating charges +€3,946
up €3,946 (+28.0%), from €14,117 to €18,063
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 | €2,746,270 | €3,581,362 | +€835,092 | +30.4% |
| Fixed assets | 21/28 | €2,499,543 | €3,398,777 | +€899,234 | +36.0% |
| Tangible fixed assets | 22/27 | €2,498,743 | €3,397,977 | +€899,234 | +36.0% |
| Land and buildings | 22 | €2,495,561 | €3,387,372 | +€891,811 | +35.7% |
| Plant, machinery and equipment | 23 | €1,169 | €876 | -€293 | -25.1% |
| Furniture and vehicles | 24 | €205 | €1,481 | +€1,276 | +622.4% |
| Other tangible fixed assets | 26 | €1,808 | €8,248 | +€6,440 | +356.2% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €246,727 | €182,585 | -€64,142 | -26.0% |
| Amounts receivable within one year | 40/41 | €154,093 | €93,900 | -€60,193 | -39.1% |
| Trade receivables | 40 | €25,942 | - | -€25,942 | |
| Other amounts receivable | 41 | €128,151 | €93,900 | -€34,251 | -26.7% |
| Cash at bank and in hand | 54/58 | €89,678 | €85,235 | -€4,443 | -5.0% |
| Deferred charges and accrued income | 490/1 | €2,956 | €3,450 | +€494 | +16.7% |
| Total equity and liabilities | 10/49 | €2,746,270 | €3,581,362 | +€835,092 | +30.4% |
| Equity | 10/15 | €1,064,488 | €902,430 | -€162,058 | -15.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €705,351 | €655,720 | -€49,631 | -7.0% |
| Reserves | 13 | €341,366 | €315,647 | -€25,719 | -7.5% |
| Tax-exempt reserves | 132 | €211,423 | €203,073 | -€8,350 | -3.9% |
| Distributable reserves | 133 | €129,943 | €112,574 | -€17,369 | -13.4% |
| Profit (loss) carried forward | 14 | -€829 | -€87,537 | -€86,708 | -10459.3% |
| Provisions and deferred taxes | 16 | €70,474 | €67,691 | -€2,783 | -3.9% |
| Deferred taxes | 168 | €70,474 | €67,691 | -€2,783 | -3.9% |
| Amounts payable | 17/49 | €1,611,308 | €2,611,241 | +€999,933 | +62.1% |
| Amounts payable after more than one year | 17 | €1,430,696 | €2,260,315 | +€829,619 | +58.0% |
| Financial debts | 170/4 | €1,430,696 | €2,260,315 | +€829,619 | +58.0% |
| Amounts payable within one year | 42/48 | €180,612 | €305,926 | +€125,314 | +69.4% |
| Current portion of amounts payable after more than one year | 42 | €116,357 | €169,348 | +€52,991 | +45.5% |
| Trade debts | 44 | €18,317 | €6,581 | -€11,736 | -64.1% |
| Suppliers | 440/4 | €18,317 | €6,581 | -€11,736 | -64.1% |
| Taxes, remuneration and social security | 45 | €1,285 | €135 | -€1,150 | -89.5% |
| Taxes | 450/3 | €1,150 | - | -€1,150 | |
| Remuneration and social security | 454/9 | €135 | €135 | = | 0.0% |
| Other amounts payable | 47/48 | €44,653 | €129,862 | +€85,209 | +190.8% |
| Accrued charges and deferred income | 492/3 | - | €45,000 | +€45,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €191,246 | €262,105 | +€70,859 | +37.1% |
| Other operating charges | 640/8 | €14,117 | €18,063 | +€3,946 | +28.0% |
| Gross operating margin | 9900 | €195,919 | €236,198 | +€40,279 | +20.6% |
| Operating profit (loss) | 9901 | -€9,444 | -€43,970 | -€34,526 | -365.6% |
| Financial income | 75/76B | - | €31 | +€31 | |
| Recurring financial income | 75 | - | €31 | +€31 | |
| Financial charges | 65/66B | €42,433 | €53,902 | +€11,469 | +27.0% |
| Recurring financial charges | 65 | €42,433 | €53,902 | +€11,469 | +27.0% |
| Profit (loss) for the period before taxes | 9903 | -€51,877 | -€97,841 | -€45,964 | -88.6% |
| Transfer from deferred taxes | 780 | €2,784 | €2,783 | -€1 | 0.0% |
| Income taxes | 67/77 | €1,090 | - | -€1,090 | |
| Profit (loss) for the period | 9904 | -€50,183 | -€95,058 | -€44,875 | -89.4% |
| Transfer from tax-exempt reserves | 789 | €8,350 | €8,350 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,833 | -€86,708 | -€44,875 | -107.3% |
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 3 October 2026 via checked.be.