FRI - MER - IMMO - PLUS: 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.
FRI - MER - IMMO - PLUS
Largest movements
- Cash +€2,202
up €2,202 (+194%), from €1,134 to €3,336
mainly Net result for the year (+€4,835) and Depreciation (+€1,464)
- Tangible fixed assets -€1,464
down €1,464 (-6.8%), from €21,592 to €20,128
of which Plant, machinery and equipment: -€1,279
- Deferred charges and accrued income +€539
up €539 (+59.9%), from €900 to €1,439
- Profit (loss) carried forward +€4,835
up €4,835 (+11.4%), from -€42,580 to -€37,746
- Other debts -€3,685
down €3,685 (-28.4%), from €12,991 to €9,306
- Gross operating margin -€989
down €989 (-11.3%), from €8,736 to €7,746
- Depreciation -€237
down €237 (-14.0%), from €1,701 to €1,464
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,326 | €25,602 | +€1,277 | +5.2% |
| Fixed assets | 21/28 | €21,592 | €20,128 | -€1,464 | -6.8% |
| Tangible fixed assets | 22/27 | €21,592 | €20,128 | -€1,464 | -6.8% |
| Land and buildings | 22 | €11,409 | €11,224 | -€185 | -1.6% |
| Plant, machinery and equipment | 23 | €10,183 | €8,904 | -€1,279 | -12.6% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €2,734 | €5,474 | +€2,741 | +100% |
| Amounts receivable within one year | 40/41 | €700 | €700 | = | 0.0% |
| Trade receivables | 40 | €700 | €700 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,134 | €3,336 | +€2,202 | +194% |
| Deferred charges and accrued income | 490/1 | €900 | €1,439 | +€539 | +59.9% |
| Total equity and liabilities | 10/49 | €24,326 | €25,602 | +€1,277 | +5.2% |
| Equity | 10/15 | -€23,988 | -€19,154 | +€4,835 | +20.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,580 | -€37,746 | +€4,835 | +11.4% |
| Amounts payable | 17/49 | €48,314 | €44,756 | -€3,558 | -7.4% |
| Amounts payable after more than one year | 17 | €35,200 | €35,200 | = | 0.0% |
| Other amounts payable | 178/9 | €35,200 | €35,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €13,114 | €9,556 | -€3,558 | -27.1% |
| Trade debts | 44 | €123 | €250 | +€127 | +103% |
| Suppliers | 440/4 | €123 | €250 | +€127 | +103% |
| Other amounts payable | 47/48 | €12,991 | €9,306 | -€3,685 | -28.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,701 | €1,464 | -€237 | -14.0% |
| Other operating charges | 640/8 | €1,310 | €1,350 | +€40 | +3.0% |
| Gross operating margin | 9900 | €8,736 | €7,746 | -€989 | -11.3% |
| Operating profit (loss) | 9901 | €5,724 | €4,933 | -€792 | -13.8% |
| Financial income | 75/76B | €0 | €7 | +€7 | +24,200% |
| Recurring financial income | 75 | €0 | €7 | +€7 | +24,200% |
| Financial charges | 65/66B | €104 | €105 | +€2 | +1.4% |
| Recurring financial charges | 65 | €104 | €105 | +€2 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €5,621 | €4,835 | -€786 | -14.0% |
| Profit (loss) for the period | 9904 | €5,621 | €4,835 | -€786 | -14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,621 | €4,835 | -€786 | -14.0% |
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 19 October 2026 via checked.be.