FOREMOST 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.
What changed
FOREMOST IMMO
NACE 68.310, Real estate agency activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€833,282
2024 · €1.1m-€243,309
Equity
€19.4m
2024 · €18.6m+€833,282
Cash
€1.6m
2024 · -+€1.6m
Balance sheet total
€53.7m
2024 · €35.5m+€18.3m
Largest movements
Assets
- Financial fixed assets +€33.5m
up €33.5m (+2,334%), from €1.4m to €34.9m
of which Affiliated companies: +€31.5m
- Receivables after one year -€7.0m
no longer reported in 2025 (was €7.0m)
- Receivables within one year -€4.2m
down €4.2m (-85.0%), from €5.0m to €750,230
of which Other amounts receivable: -€4.1m
- Current investments -€4.1m
no longer reported in 2025 (was €4.1m)
- Cash +€1.6m
new in 2025: €1.6m
mainly Other debts (+€20.6m) and Receivables after one year (+€7.0m)
Equity and liabilities
- Other debts +€20.6m
up €20.6m (+532%), from €3.9m to €24.4m
- Debts after one year -€3.6m
down €3.6m (-32.3%), from €11.0m to €7.5m
- Reserves +€833,200
up €833,200 (+16.7%), from €5.0m to €5.8m
of which Distributable reserves: +€833,200
- Accrued charges and deferred income +€691,635
up €691,635 (+98.2%), from €704,294 to €1.4m
Income statement
- Other operating income -€1.0m
down €1.0m (-46.5%), from €2.2m to €1.2m
- Goods and materials -€960,198
down €960,198 (-99.8%), from €961,798 to €1,600
- Financial income -€339,801
down €339,801 (-43.8%), from €776,480 to €436,679
- Turnover +€134,110
up €134,110 (+5.2%), from €2.6m to €2.7m
- Services and other goods +€58,021
up €58,021 (+8.6%), from €672,536 to €730,557
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
€1.1m
Turnover
+€134,110
Other operating income
-€1.0m
Goods and materials
+€960,198
Services and other goods
-€58,021
Staff costs
+€21,875
Depreciation
+€9,985
Other operating charges
-€15,024
Financial income
-€339,801
Financial charges
+€29,139
Taxes
+€22,363
Result 2025
€833,282
raises the resultlowers the result
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
+€34.5m
Investment
-€29.4m
Financing
-€3.5m
Cash 2024
€0
From operations (derived)
+€34.5m
Net result for the year
+€833,282
Depreciation
+€1.4m
Receivables after one year
+€7.0m
Receivables within one year
+€4.2m
Smaller working-capital items
-€30,429
Trade debts
-€280,431
Other debts
+€20.6m
Accrued charges and deferred income
+€691,635
Investment (derived)
-€29.4m
Investment in fixed assets (net)
-€33.5m
Current investments
+€4.1m
Financing
-€3.5m
Debts after one year
-€3.6m
Current portion of long-term debt
+€25,411
Cash 2025
€1.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,467,621 | €53,718,507 | +€18.3m | +51.5% |
| Fixed assets | 21/28 | €19,280,311 | €51,339,545 | +€32.1m | +166% |
| Tangible fixed assets | 22/27 | €17,844,792 | €16,404,633 | -€1.4m | -8.1% |
| Land and buildings | 22 | €17,791,663 | €16,389,495 | -€1.4m | -7.9% |
| Plant, machinery and equipment | 23 | €53,129 | €15,138 | -€37,991 | -71.5% |
| Financial fixed assets | 28 | €1,435,519 | €34,934,912 | +€33.5m | +2,334% |
| Affiliated companies | 280/1 | €1,100,000 | €32,550,387 | +€31.5m | +2,859% |
| Participating interests | 280 | €1,100,000 | €13,000,000 | +€11.9m | +1,082% |
| Amounts receivable | 281 | - | €19,550,387 | +€19.6m | |
| Companies linked by participating interests | 282/3 | €150,000 | €2,150,000 | +€2.0m | +1,333% |
| Participating interests | 282 | €150,000 | €2,150,000 | +€2.0m | +1,333% |
| Other financial fixed assets | 284/8 | €185,519 | €234,525 | +€49,006 | +26.4% |
| Shares | 284 | €185,519 | €234,525 | +€49,006 | +26.4% |
| Current assets | 29/58 | €16,187,310 | €2,378,961 | -€13.8m | -85.3% |
| Amounts receivable after more than one year | 29 | €7,046,060 | - | -€7.0m | |
| Other amounts receivable | 291 | €7,046,060 | - | -€7.0m | |
| Amounts receivable within one year | 40/41 | €4,996,267 | €750,230 | -€4.2m | -85.0% |
| Trade receivables | 40 | €366,999 | €171,850 | -€195,149 | -53.2% |
| Other amounts receivable | 41 | €4,629,268 | €578,380 | -€4.1m | -87.5% |
| Current investments | 50/53 | €4,134,400 | - | -€4.1m | |
| Other investments | 51/53 | €4,134,400 | - | -€4.1m | |
| Cash at bank and in hand | 54/58 | - | €1,589,958 | +€1.6m | |
| Deferred charges and accrued income | 490/1 | €10,582 | €38,774 | +€28,192 | +266% |
| Total equity and liabilities | 10/49 | €35,467,621 | €53,718,507 | +€18.3m | +51.5% |
| Equity | 10/15 | €18,570,315 | €19,403,597 | +€833,282 | +4.5% |
| Contributions | 10/11 | €2,840,000 | €2,840,000 | = | 0.0% |
| Capital | 10 | €2,840,000 | €2,840,000 | = | 0.0% |
| Issued capital | 100 | €2,840,000 | €2,840,000 | = | 0.0% |
| Reserves | 13 | €4,996,670 | €5,829,870 | +€833,200 | +16.7% |
| Non-distributable reserves | 130/1 | €290,198 | €290,198 | = | 0.0% |
| Legal reserve | 130 | €284,000 | €284,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,198 | €6,198 | = | 0.0% |
| Tax-exempt reserves | 132 | €330,473 | €330,473 | = | 0.0% |
| Distributable reserves | 133 | €4,376,000 | €5,209,200 | +€833,200 | +19.0% |
| Profit (loss) carried forward | 14 | €10,733,645 | €10,733,726 | +€82 | 0.0% |
| Amounts payable | 17/49 | €16,897,306 | €34,314,910 | +€17.4m | +103% |
| Amounts payable after more than one year | 17 | €11,049,972 | €7,482,835 | -€3.6m | -32.3% |
| Financial debts | 170/4 | €11,049,972 | €7,482,835 | -€3.6m | -32.3% |
| Credit institutions | 173 | €8,209,258 | €7,482,835 | -€726,423 | -8.8% |
| Other loans | 174 | €2,840,715 | - | -€2.8m | |
| Amounts payable within one year | 42/48 | €5,143,039 | €25,436,145 | +€20.3m | +395% |
| Current portion of amounts payable after more than one year | 42 | €701,012 | €726,423 | +€25,411 | +3.6% |
| Trade debts | 44 | €405,528 | €125,096 | -€280,431 | -69.2% |
| Suppliers | 440/4 | €405,528 | €125,096 | -€280,431 | -69.2% |
| Taxes, remuneration and social security | 45 | €171,267 | €169,029 | -€2,238 | -1.3% |
| Taxes | 450/3 | €171,267 | €169,029 | -€2,238 | -1.3% |
| Other amounts payable | 47/48 | €3,865,233 | €24,415,597 | +€20.6m | +532% |
| Accrued charges and deferred income | 492/3 | €704,294 | €1,395,930 | +€691,635 | +98.2% |
| Operating income | 70/76A | €4,758,485 | €3,884,462 | -€874,023 | -18.4% |
| Turnover | 70 | €2,591,626 | €2,725,737 | +€134,110 | +5.2% |
| Other operating income | 74 | €2,166,859 | €1,158,725 | -€1.0m | -46.5% |
| Operating charges | 60/66A | €3,325,889 | €2,406,876 | -€919,013 | -27.6% |
| Goods for resale, raw materials and consumables | 60 | €961,798 | €1,600 | -€960,198 | -99.8% |
| Purchases | 600/8 | €961,798 | €1,600 | -€960,198 | -99.8% |
| Services and other goods | 61 | €672,536 | €730,557 | +€58,021 | +8.6% |
| Remuneration, social security and pensions | 62 | €21,875 | - | -€21,875 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,450,144 | €1,440,159 | -€9,985 | -0.7% |
| Other operating charges | 640/8 | €219,537 | €234,561 | +€15,024 | +6.8% |
| Operating profit (loss) | 9901 | €1,432,596 | €1,477,586 | +€44,990 | +3.1% |
| Financial income | 75/76B | €776,480 | €436,679 | -€339,801 | -43.8% |
| Recurring financial income | 75 | €776,480 | €436,679 | -€339,801 | -43.8% |
| Income from current assets | 751 | €776,468 | €436,669 | -€339,799 | -43.8% |
| Other financial income | 752/9 | €12 | €11 | -€1 | -10.7% |
| Financial charges | 65/66B | €827,806 | €798,667 | -€29,139 | -3.5% |
| Recurring financial charges | 65 | €827,806 | €798,667 | -€29,139 | -3.5% |
| Debt charges | 650 | €825,798 | €797,610 | -€28,188 | -3.4% |
| Other financial charges | 652/9 | €2,008 | €1,057 | -€951 | -47.3% |
| Profit (loss) for the period before taxes | 9903 | €1,381,270 | €1,115,598 | -€265,672 | -19.2% |
| Income taxes | 67/77 | €304,679 | €282,316 | -€22,363 | -7.3% |
| Taxes | 670/3 | €348,345 | €282,316 | -€66,028 | -19.0% |
| Tax adjustments and reversals of tax provisions | 77 | €43,665 | - | -€43,665 | |
| Profit (loss) for the period | 9904 | €1,076,590 | €833,282 | -€243,309 | -22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,076,590 | €833,282 | -€243,309 | -22.6% |
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 17 October 2026 via checked.be.