FTA 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.
FTA IMMO
Largest movements
- Tangible fixed assets -€127,602
down €127,602 (-2.7%), from €4.8m to €4.7m
- Debts after one year -€309,500
down €309,500 (-14.6%), from €2.1m to €1.8m
- Reserves +€131,659
up €131,659 (+6.2%), from €2.1m to €2.3m
- Other debts +€56,974
up €56,974 (+35.6%), from €160,000 to €216,974
- Gross operating margin -€435,756
down €435,756 (-45.2%), from €963,915 to €528,159
- Depreciation -€273,578
down €273,578 (-53.2%), from €513,969 to €240,391
- Other operating charges -€70,344
down €70,344 (-49.9%), from €141,099 to €70,755
- Financial charges -€64,310
down €64,310 (-57.4%), from €112,013 to €47,703
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 | €4,869,822 | €4,727,679 | -€142,143 | -2.9% |
| Fixed assets | 21/28 | €4,801,286 | €4,673,685 | -€127,602 | -2.7% |
| Tangible fixed assets | 22/27 | €4,801,286 | €4,673,685 | -€127,602 | -2.7% |
| Land and buildings | 22 | €4,801,286 | €4,673,685 | -€127,602 | -2.7% |
| Current assets | 29/58 | €68,536 | €53,994 | -€14,541 | -21.2% |
| Amounts receivable within one year | 40/41 | €48,973 | €20,491 | -€28,482 | -58.2% |
| Trade receivables | 40 | €18,860 | €20,142 | +€1,283 | +6.8% |
| Other amounts receivable | 41 | €30,113 | €348 | -€29,765 | -98.8% |
| Cash at bank and in hand | 54/58 | €19,563 | €33,504 | +€13,941 | +71.3% |
| Total equity and liabilities | 10/49 | €4,869,822 | €4,727,679 | -€142,143 | -2.9% |
| Equity | 10/15 | €2,229,742 | €2,361,401 | +€131,659 | +5.9% |
| Contributions | 10/11 | €108,630 | €108,630 | = | 0.0% |
| Reserves | 13 | €2,121,111 | €2,252,770 | +€131,659 | +6.2% |
| Distributable reserves | 133 | €2,121,111 | €2,252,770 | +€131,659 | +6.2% |
| Amounts payable | 17/49 | €2,640,080 | €2,366,278 | -€273,802 | -10.4% |
| Amounts payable after more than one year | 17 | €2,114,917 | €1,805,417 | -€309,500 | -14.6% |
| Financial debts | 170/4 | €2,114,917 | €1,805,417 | -€309,500 | -14.6% |
| Amounts payable within one year | 42/48 | €525,164 | €560,862 | +€35,698 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €309,500 | €309,500 | = | 0.0% |
| Trade debts | 44 | €11,455 | - | -€11,455 | |
| Suppliers | 440/4 | €11,455 | - | -€11,455 | |
| Advances received on contracts in progress | 46 | - | €32,089 | +€32,089 | |
| Taxes, remuneration and social security | 45 | €44,208 | €2,299 | -€41,909 | -94.8% |
| Taxes | 450/3 | €44,208 | €2,299 | -€41,909 | -94.8% |
| Other amounts payable | 47/48 | €160,000 | €216,974 | +€56,974 | +35.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €513,969 | €240,391 | -€273,578 | -53.2% |
| Other operating charges | 640/8 | €141,099 | €70,755 | -€70,344 | -49.9% |
| Gross operating margin | 9900 | €963,915 | €528,159 | -€435,756 | -45.2% |
| Operating profit (loss) | 9901 | €308,847 | €217,013 | -€91,834 | -29.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Non-recurring financial income | 76B | - | €0 | +€0 | |
| Financial charges | 65/66B | €112,013 | €47,703 | -€64,310 | -57.4% |
| Recurring financial charges | 65 | €112,013 | €47,703 | -€64,310 | -57.4% |
| Profit (loss) for the period before taxes | 9903 | €196,834 | €169,310 | -€27,524 | -14.0% |
| Income taxes | 67/77 | €44,208 | €37,652 | -€6,557 | -14.8% |
| Profit (loss) for the period | 9904 | €152,625 | €131,659 | -€20,967 | -13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €152,625 | €131,659 | -€20,967 | -13.7% |
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 8 October 2026 via checked.be.