Flaximmo: 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.
What changed
Flaximmo
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€167,350
2024 · -€9,036+€176,386
Equity
€5.9m
2024 · €5.7m+€218,776
Cash
€60,274
2024 · €114,292-€54,018
Balance sheet total
€12.5m
2024 · €13.1m-€605,106
Largest movements
Assets
- Tangible fixed assets -€532,016
down €532,016 (-4.1%), from €13.0m to €12.5m
of which Assets under construction and advance payments: -€328,300
Equity and liabilities
- Debts after one year -€605,477
down €605,477 (-10.6%), from €5.7m to €5.1m
of which Financial debts: -€605,677
- Reserves +€165,123
up €165,123 (+21.2%), from €780,228 to €945,352
of which Distributable reserves: +€170,805
Income statement
- Provisions -€165,249
no longer reported in 2025 (was €165,249)
- Financial charges -€120,493
down €120,493 (-43.2%), from €279,111 to €158,618
- Other operating charges +€106,894
up €106,894 (+73.0%), from €146,484 to €253,378
- Depreciation -€85,669
down €85,669 (-9.6%), from €894,993 to €809,324
- Purchases and services +€66,338
up €66,338 (+51.6%), from €128,671 to €195,009
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.
Result 2024
-€9,036
Gross operating margin
-€33,079
Depreciation
+€85,669
Provisions
+€165,249
Other operating charges
-€106,894
Financial income
+€2,004
Financial charges
+€120,493
Taxes
-€60,345
Deferred taxes and other
+€3,289
Result 2025
€167,350
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€775,529
Investment
-€277,308
Financing
-€552,240
Cash 2024
€114,292
From operations (derived)
+€775,529
Net result for the year
+€167,350
Depreciation
+€809,324
Receivables within one year
+€19,182
Smaller working-capital items
+€1,266
Provisions
+€12,252
Trade debts
-€129,437
Tax, wage and social debts
+€5,112
Other debts
-€109,519
Investment (derived)
-€277,308
Investment in fixed assets (net)
-€277,308
Financing
-€552,240
Debts after one year
-€605,477
Current portion of long-term debt
+€1,811
Contributions, distributions and other
+€51,426
Cash 2025
€60,274
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,148,850 | €12,543,744 | -€605,106 | -4.6% |
| Fixed assets | 21/28 | €13,011,562 | €12,479,546 | -€532,016 | -4.1% |
| Tangible fixed assets | 22/27 | €13,006,562 | €12,474,546 | -€532,016 | -4.1% |
| Land and buildings | 22 | €12,678,262 | €12,474,546 | -€203,716 | -1.6% |
| Assets under construction and advance payments | 27 | €328,300 | - | -€328,300 | |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €137,288 | €64,198 | -€73,090 | -53.2% |
| Amounts receivable within one year | 40/41 | €22,324 | €3,142 | -€19,182 | -85.9% |
| Other amounts receivable | 41 | €22,324 | €3,142 | -€19,182 | -85.9% |
| Cash at bank and in hand | 54/58 | €114,292 | €60,274 | -€54,018 | -47.3% |
| Deferred charges and accrued income | 490/1 | €672 | €782 | +€110 | +16.4% |
| Total equity and liabilities | 10/49 | €13,148,850 | €12,543,744 | -€605,106 | -4.6% |
| Equity | 10/15 | €5,684,437 | €5,903,213 | +€218,776 | +3.8% |
| Contributions | 10/11 | €4,906,435 | €4,906,435 | = | 0.0% |
| Capital | 10 | €4,906,435 | €4,906,435 | = | 0.0% |
| Issued capital | 100 | €4,906,435 | €4,906,435 | = | 0.0% |
| Reserves | 13 | €780,228 | €945,352 | +€165,123 | +21.2% |
| Non-distributable reserves | 130/1 | €53,947 | €62,936 | +€8,990 | +16.7% |
| Legal reserve | 130 | €53,947 | €62,936 | +€8,990 | +16.7% |
| Tax-exempt reserves | 132 | €260,386 | €245,715 | -€14,671 | -5.6% |
| Distributable reserves | 133 | €465,896 | €636,700 | +€170,805 | +36.7% |
| Profit (loss) carried forward | 14 | -€2,227 | - | +€2,227 | |
| Investment grants | 15 | - | €51,426 | +€51,426 | |
| Provisions and deferred taxes | 16 | €252,044 | €264,296 | +€12,252 | +4.9% |
| Provisions for liabilities and charges | 160/5 | €165,249 | €165,249 | = | 0.0% |
| Environmental obligations | 163 | €165,249 | €165,249 | = | 0.0% |
| Deferred taxes | 168 | €86,795 | €99,047 | +€12,252 | +14.1% |
| Amounts payable | 17/49 | €7,212,368 | €6,376,235 | -€836,133 | -11.6% |
| Amounts payable after more than one year | 17 | €5,718,285 | €5,112,808 | -€605,477 | -10.6% |
| Financial debts | 170/4 | €5,717,085 | €5,111,408 | -€605,677 | -10.6% |
| Other amounts payable | 178/9 | €1,200 | €1,400 | +€200 | +16.7% |
| Amounts payable within one year | 42/48 | €1,492,383 | €1,260,350 | -€232,033 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | €603,866 | €605,677 | +€1,811 | +0.3% |
| Trade debts | 44 | €232,484 | €103,046 | -€129,437 | -55.7% |
| Suppliers | 440/4 | €232,484 | €103,046 | -€129,437 | -55.7% |
| Taxes, remuneration and social security | 45 | - | €5,112 | +€5,112 | |
| Taxes | 450/3 | - | €5,112 | +€5,112 | |
| Other amounts payable | 47/48 | €656,034 | €546,515 | -€109,519 | -16.7% |
| Accrued charges and deferred income | 492/3 | €1,701 | €3,077 | +€1,376 | +80.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €128,671 | €195,009 | +€66,338 | +51.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €894,993 | €809,324 | -€85,669 | -9.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €165,249 | - | -€165,249 | |
| Other operating charges | 640/8 | €146,484 | €253,378 | +€106,894 | +73.0% |
| Gross operating margin | 9900 | €1,474,531 | €1,441,452 | -€33,079 | -2.2% |
| Operating profit (loss) | 9901 | €267,805 | €378,751 | +€110,945 | +41.4% |
| Financial income | 75/76B | - | €2,004 | +€2,004 | |
| Recurring financial income | 75 | - | €2,004 | +€2,004 | |
| Financial charges | 65/66B | €279,111 | €158,618 | -€120,493 | -43.2% |
| Recurring financial charges | 65 | €279,111 | €158,618 | -€120,493 | -43.2% |
| Profit (loss) for the period before taxes | 9903 | -€11,306 | €222,137 | +€233,442 | |
| Transfer from deferred taxes | 780 | €2,270 | €5,558 | +€3,289 | +145% |
| Income taxes | 67/77 | - | €60,345 | +€60,345 | |
| Profit (loss) for the period | 9904 | -€9,036 | €167,350 | +€176,386 | |
| Transfer from tax-exempt reserves | 789 | €6,809 | €14,671 | +€7,862 | +115% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,227 | €182,021 | +€184,248 |
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 25 October 2026 via checked.be.