IMMO FABIGA: 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 FABIGA
Largest movements
- Tangible fixed assets +€14,160
up €14,160 (+6.0%), from €235,861 to €250,021
of which Plant, machinery and equipment: +€8,291
- Current investments -€8,896
down €8,896 (-19.1%), from €46,499 to €37,604
- Receivables within one year -€7,448
down €7,448 (-18.6%), from €40,016 to €32,568
of which Trade receivables: -€8,220
- Debts after one year +€24,480
new in 2025: €24,480
- Reserves -€23,675
down €23,675 (-8.4%), from €280,721 to €257,047
of which Distributable reserves: -€23,675
- Gross operating margin -€88,278
down €88,278 (-76.5%), from €115,353 to €27,075
- Taxes -€26,087
down €26,087 (-85.4%), from €30,563 to €4,476
- Other operating charges -€18,061
down €18,061 (-63.4%), from €28,501 to €10,440
- Write-downs +€10,725
no longer reported in 2025 (was -€10,725)
- Depreciation +€2,557
up €2,557 (+71.5%), from €3,577 to €6,135
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 | €358,586 | €358,381 | -€204 | -0.1% |
| Fixed assets | 21/28 | €235,861 | €250,021 | +€14,160 | +6.0% |
| Tangible fixed assets | 22/27 | €235,861 | €250,021 | +€14,160 | +6.0% |
| Land and buildings | 22 | €225,015 | €232,554 | +€7,539 | +3.4% |
| Plant, machinery and equipment | 23 | €6,949 | €15,240 | +€8,291 | +119.3% |
| Furniture and vehicles | 24 | €3,897 | €2,227 | -€1,670 | -42.9% |
| Current assets | 29/58 | €122,725 | €108,360 | -€14,364 | -11.7% |
| Amounts receivable within one year | 40/41 | €40,016 | €32,568 | -€7,448 | -18.6% |
| Trade receivables | 40 | €40,016 | €31,796 | -€8,220 | -20.5% |
| Other amounts receivable | 41 | - | €772 | +€772 | |
| Current investments | 50/53 | €46,499 | €37,604 | -€8,896 | -19.1% |
| Cash at bank and in hand | 54/58 | €28,567 | €28,096 | -€470 | -1.6% |
| Deferred charges and accrued income | 490/1 | €7,643 | €10,093 | +€2,450 | +32.0% |
| Total equity and liabilities | 10/49 | €358,586 | €358,381 | -€204 | -0.1% |
| Equity | 10/15 | €342,221 | €318,547 | -€23,675 | -6.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €280,721 | €257,047 | -€23,675 | -8.4% |
| Non-distributable reserves | 130/1 | €9,354 | €9,354 | = | 0.0% |
| Legal reserve | 130 | €9,354 | €9,354 | = | 0.0% |
| Distributable reserves | 133 | €271,367 | €247,693 | -€23,675 | -8.7% |
| Amounts payable | 17/49 | €16,364 | €39,835 | +€23,470 | +143.4% |
| Amounts payable after more than one year | 17 | - | €24,480 | +€24,480 | |
| Other amounts payable | 178/9 | - | €24,480 | +€24,480 | |
| Amounts payable within one year | 42/48 | €11,914 | €12,967 | +€1,053 | +8.8% |
| Trade debts | 44 | €959 | €1,240 | +€281 | +29.4% |
| Suppliers | 440/4 | €959 | €1,240 | +€281 | +29.4% |
| Taxes, remuneration and social security | 45 | €10,380 | €11,263 | +€884 | +8.5% |
| Taxes | 450/3 | €10,380 | €11,263 | +€884 | +8.5% |
| Other amounts payable | 47/48 | €576 | €464 | -€112 | -19.5% |
| Accrued charges and deferred income | 492/3 | €4,450 | €2,388 | -€2,063 | -46.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,577 | €6,135 | +€2,557 | +71.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€10,725 | - | +€10,725 | |
| Other operating charges | 640/8 | €28,501 | €10,440 | -€18,061 | -63.4% |
| Gross operating margin | 9900 | €115,353 | €27,075 | -€88,278 | -76.5% |
| Operating profit (loss) | 9901 | €94,000 | €10,501 | -€83,499 | -88.8% |
| Financial income | 75/76B | €7,484 | €8,573 | +€1,089 | +14.6% |
| Recurring financial income | 75 | €7,484 | €8,573 | +€1,089 | +14.6% |
| Financial charges | 65/66B | €71 | €24 | -€47 | -66.3% |
| Recurring financial charges | 65 | €71 | €24 | -€47 | -66.3% |
| Profit (loss) for the period before taxes | 9903 | €101,412 | €19,050 | -€82,362 | -81.2% |
| Income taxes | 67/77 | €30,563 | €4,476 | -€26,087 | -85.4% |
| Profit (loss) for the period | 9904 | €70,849 | €14,574 | -€56,275 | -79.4% |
| Profit (loss) for the period to be appropriated | 9905 | €70,849 | €14,574 | -€56,275 | -79.4% |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.