IMMO FADAN: 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
IMMO FADAN
NACE 68.310, Real estate agency activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€6,753
2024 · -€7,695+€14,448
Equity
€135,236
2024 · €128,483+€6,753
Cash
€11,516
2024 · €3,904+€7,611
Balance sheet total
€2.2m
2024 · €929,988+€1.3m
Largest movements
Assets
- Tangible fixed assets +€1.3m
up €1.3m (+151%), from €866,579 to €2.2m
of which Land and buildings: +€1.3m
Equity and liabilities
- Debts after one year +€997,726
up €997,726 (+180%), from €555,787 to €1.6m
- Other debts +€267,171
up €267,171 (+195%), from €136,989 to €404,160
- Current portion of long-term debt +€41,750
up €41,750 (+73.8%), from €56,581 to €98,331
Income statement
- Gross operating margin +€78,572
up €78,572 (+56.1%), from €139,934 to €218,505
- Financial charges +€16,097
up €16,097 (+127%), from €12,681 to €28,778
- Other operating charges +€9,435
up €9,435 (+93.5%), from €10,086 to €19,521
- Depreciation +€5,400
up €5,400 (+5.5%), from €98,851 to €104,251
- Taxes +€3,588
up €3,588 (+162%), from €2,211 to €5,799
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
-€7,695
Gross operating margin
+€78,572
Staff costs
+€241
Depreciation
-€5,400
Other operating charges
-€9,435
Other operating items
-€28,613
Financial income
-€1,232
Financial charges
-€16,097
Taxes
-€3,588
Result 2025
€6,753
raises the resultlowers the resultnot broken down further in the accounts
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
+€380,471
Investment
-€1.4m
Financing
+€1.0m
Cash 2024
€3,904
From operations (derived)
+€380,471
Net result for the year
+€6,753
Depreciation
+€104,251
Receivables within one year
+€6,640
Deferred charges and accrued income
+€5,040
Trade debts
-€20,750
Tax, wage and social debts
+€10,459
Other debts
+€267,171
Accrued charges and deferred income
+€908
Investment (derived)
-€1.4m
Investment in fixed assets (net)
-€1.4m
Financing
+€1.0m
Debts after one year
+€997,726
Current portion of long-term debt
+€41,750
Short-term financial debts
-€4,346
Cash 2025
€11,516
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €929,988 | €2,229,659 | +€1.3m | +140% |
| Fixed assets | 21/28 | €872,745 | €2,176,484 | +€1.3m | +149% |
| Intangible fixed assets | 21 | €5,838 | €4,541 | -€1,297 | -22.2% |
| Tangible fixed assets | 22/27 | €866,579 | €2,171,616 | +€1.3m | +151% |
| Land and buildings | 22 | €648,382 | €1,978,718 | +€1.3m | +205% |
| Plant, machinery and equipment | 23 | €14,696 | €11,595 | -€3,101 | -21.1% |
| Furniture and vehicles | 24 | €64,166 | €22,925 | -€41,241 | -64.3% |
| Other tangible fixed assets | 26 | €139,335 | €158,378 | +€19,043 | +13.7% |
| Financial fixed assets | 28 | €328 | €328 | = | 0.0% |
| Current assets | 29/58 | €57,243 | €53,175 | -€4,068 | -7.1% |
| Amounts receivable within one year | 40/41 | €48,079 | €41,440 | -€6,640 | -13.8% |
| Trade receivables | 40 | €21,267 | €21,787 | +€520 | +2.4% |
| Other amounts receivable | 41 | €26,812 | €19,653 | -€7,159 | -26.7% |
| Cash at bank and in hand | 54/58 | €3,904 | €11,516 | +€7,611 | +195% |
| Deferred charges and accrued income | 490/1 | €5,259 | €220 | -€5,040 | -95.8% |
| Total equity and liabilities | 10/49 | €929,988 | €2,229,659 | +€1.3m | +140% |
| Equity | 10/15 | €128,483 | €135,236 | +€6,753 | +5.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,078 | €114,831 | +€6,753 | +6.2% |
| Amounts payable | 17/49 | €801,505 | €2,094,423 | +€1.3m | +161% |
| Amounts payable after more than one year | 17 | €555,787 | €1,553,514 | +€997,726 | +180% |
| Financial debts | 170/4 | €555,787 | €1,553,514 | +€997,726 | +180% |
| Amounts payable within one year | 42/48 | €239,374 | €533,658 | +€294,284 | +123% |
| Current portion of amounts payable after more than one year | 42 | €56,581 | €98,331 | +€41,750 | +73.8% |
| Financial debts | 43 | €4,346 | - | -€4,346 | |
| Credit institutions | 430/8 | €4,346 | - | -€4,346 | |
| Trade debts | 44 | €34,227 | €13,476 | -€20,750 | -60.6% |
| Suppliers | 440/4 | €34,227 | €13,476 | -€20,750 | -60.6% |
| Taxes, remuneration and social security | 45 | €7,232 | €17,691 | +€10,459 | +145% |
| Taxes | 450/3 | - | €10,891 | +€10,891 | |
| Remuneration and social security | 454/9 | €7,232 | €6,801 | -€431 | -6.0% |
| Other amounts payable | 47/48 | €136,989 | €404,160 | +€267,171 | +195% |
| Accrued charges and deferred income | 492/3 | €6,344 | €7,251 | +€908 | +14.3% |
| Remuneration, social security and pensions | 62 | €24,302 | €24,061 | -€241 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,851 | €104,251 | +€5,400 | +5.5% |
| Other operating charges | 640/8 | €10,086 | €19,521 | +€9,435 | +93.5% |
| Non-recurring operating charges | 66A | €2,500 | €31,113 | +€28,613 | +1,145% |
| Gross operating margin | 9900 | €139,934 | €218,505 | +€78,572 | +56.1% |
| Operating profit (loss) | 9901 | €4,196 | €39,560 | +€35,365 | +843% |
| Financial income | 75/76B | €3,001 | €1,770 | -€1,232 | -41.0% |
| Recurring financial income | 75 | €1,751 | €1,770 | +€19 | +1.1% |
| Non-recurring financial income | 76B | €1,250 | - | -€1,250 | |
| Financial charges | 65/66B | €12,681 | €28,778 | +€16,097 | +127% |
| Recurring financial charges | 65 | €12,681 | €28,778 | +€16,097 | +127% |
| Profit (loss) for the period before taxes | 9903 | -€5,484 | €12,552 | +€18,037 | |
| Income taxes | 67/77 | €2,211 | €5,799 | +€3,588 | +162% |
| Profit (loss) for the period | 9904 | -€7,695 | €6,753 | +€14,448 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,695 | €6,753 | +€14,448 |
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 24 October 2026 via checked.be.