IMMO DE FERM: 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.
IMMO DE FERM
Largest movements
- Receivables within one year +€64,104
up €64,104 (+146%), from €43,870 to €107,975
of which Other amounts receivable: +€66,604
- Cash -€21,527
down €21,527 (-82.2%), from €26,191 to €4,664
mainly Contributions, distributions and other (-€100,927) and Receivables within one year (-€64,104)
- Tangible fixed assets -€20,003
down €20,003 (-2.5%), from €789,040 to €769,037
of which Land and buildings: -€19,679
- Debts after one year -€54,760
down €54,760 (-8.5%), from €644,906 to €590,146
- Other debts +€54,649
up €54,649 (+125%), from €43,593 to €98,243
- Tax, wage and social debts +€16,662
up €16,662 (+249%), from €6,686 to €23,349
- Gross operating margin +€13,266
up €13,266 (+7.8%), from €170,428 to €183,693
- Financial charges +€3,364
up €3,364 (+20.8%), from €16,193 to €19,558
- Taxes +€3,316
up €3,316 (+12.1%), from €27,472 to €30,788
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 | €859,102 | €881,675 | +€22,574 | +2.6% |
| Fixed assets | 21/28 | €789,040 | €769,037 | -€20,003 | -2.5% |
| Tangible fixed assets | 22/27 | €789,040 | €769,037 | -€20,003 | -2.5% |
| Land and buildings | 22 | €785,511 | €765,832 | -€19,679 | -2.5% |
| Furniture and vehicles | 24 | €1,029 | €705 | -€324 | -31.5% |
| Other tangible fixed assets | 26 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €70,062 | €112,639 | +€42,577 | +60.8% |
| Amounts receivable within one year | 40/41 | €43,870 | €107,975 | +€64,104 | +146% |
| Trade receivables | 40 | €22,633 | €20,133 | -€2,500 | -11.0% |
| Other amounts receivable | 41 | €21,237 | €87,842 | +€66,604 | +314% |
| Cash at bank and in hand | 54/58 | €26,191 | €4,664 | -€21,527 | -82.2% |
| Total equity and liabilities | 10/49 | €859,102 | €881,675 | +€22,574 | +2.6% |
| Equity | 10/15 | €101,927 | €109,346 | +€7,419 | +7.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €100,927 | €108,346 | +€7,419 | +7.4% |
| Distributable reserves | 133 | €100,927 | €108,346 | +€7,419 | +7.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €757,175 | €772,329 | +€15,154 | +2.0% |
| Amounts payable after more than one year | 17 | €644,906 | €590,146 | -€54,760 | -8.5% |
| Financial debts | 170/4 | €644,906 | €590,146 | -€54,760 | -8.5% |
| Amounts payable within one year | 42/48 | €112,269 | €182,183 | +€69,914 | +62.3% |
| Current portion of amounts payable after more than one year | 42 | €53,538 | €57,964 | +€4,426 | +8.3% |
| Financial debts | 43 | €8,452 | €0 | -€8,452 | -100% |
| Credit institutions | 430/8 | €8,452 | €0 | -€8,452 | -100% |
| Trade debts | 44 | €0 | €2,628 | +€2,628 | |
| Suppliers | 440/4 | €0 | €2,628 | +€2,628 | |
| Taxes, remuneration and social security | 45 | €6,686 | €23,349 | +€16,662 | +249% |
| Taxes | 450/3 | €6,686 | €23,349 | +€16,662 | +249% |
| Other amounts payable | 47/48 | €43,593 | €98,243 | +€54,649 | +125% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,447 | €20,003 | -€444 | -2.2% |
| Other operating charges | 640/8 | €6,335 | €7,120 | +€785 | +12.4% |
| Gross operating margin | 9900 | €170,428 | €183,693 | +€13,266 | +7.8% |
| Operating profit (loss) | 9901 | €143,645 | €156,570 | +€12,924 | +9.0% |
| Financial income | 75/76B | €946 | €2,122 | +€1,176 | +124% |
| Recurring financial income | 75 | €946 | €2,122 | +€1,176 | +124% |
| Financial charges | 65/66B | €16,193 | €19,558 | +€3,364 | +20.8% |
| Recurring financial charges | 65 | €16,193 | €19,558 | +€3,364 | +20.8% |
| Profit (loss) for the period before taxes | 9903 | €128,399 | €139,134 | +€10,736 | +8.4% |
| Income taxes | 67/77 | €27,472 | €30,788 | +€3,316 | +12.1% |
| Profit (loss) for the period | 9904 | €100,927 | €108,346 | +€7,419 | +7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €100,927 | €108,346 | +€7,419 | +7.4% |
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 18 October 2026 via checked.be.