IMMO FADEM: what changed
What changed
IMMO FADEM
filed annual accounts (NBB)
Net result for the year
€12,899
2024 · €15,966-€3,067
Equity
€315,714
2024 · €667,814-€352,101
Cash
€1,833
2024 · €2,258-€425
Balance sheet total
€316,946
2024 · €674,307-€357,361
Largest movements
Assets
- Receivables within one year -€339,943
down €339,943 (-99.5%), from €341,616 to €1,673
- Tangible fixed assets -€14,025
down €14,025 (-4.6%), from €304,666 to €290,641
Equity and liabilities
- Profit (loss) carried forward -€310,781
down €310,781 (-99.2%), from €313,323 to €2,543
- Contributions -€35,000
down €35,000 (-17.5%), from €200,000 to €165,000
Income statement
- Financial income -€2,974
down €2,974 (-11.7%), from €25,406 to €22,433
- Taxes -€1,653
down €1,653 (-27.6%), from €5,980 to €4,327
- Gross operating margin -€1,551
down €1,551 (-12.9%), from €11,976 to €10,425
- Financial charges +€151
up €151 (+101%), from €150 to €301
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€15,966
Gross operating margin
-€1,551
Other operating charges
-€44
Financial income
-€2,974
Financial charges
-€151
Taxes
+€1,653
Result 2025
€12,899
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€364,575
Investment
€0
Financing
-€365,000
Cash 2024
€2,258
From operations (derived)
+€364,575
Net result for the year
+€12,899
Depreciation
+€14,025
Receivables within one year
+€339,943
Deferred charges and accrued income
+€2,968
Smaller working-capital items
+€720
Tax, wage and social debts
-€5,980
Financing
-€365,000
Contributions, distributions and other
-€365,000
Cash 2025
€1,833
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €674,307 | €316,946 | -€357,361 | -53.0% |
| Fixed assets | 21/28 | €304,666 | €290,641 | -€14,025 | -4.6% |
| Tangible fixed assets | 22/27 | €304,666 | €290,641 | -€14,025 | -4.6% |
| Land and buildings | 22 | €304,666 | €290,641 | -€14,025 | -4.6% |
| Current assets | 29/58 | €369,641 | €26,305 | -€343,336 | -92.9% |
| Amounts receivable within one year | 40/41 | €341,616 | €1,673 | -€339,943 | -99.5% |
| Other amounts receivable | 41 | €341,616 | €1,673 | -€339,943 | -99.5% |
| Cash at bank and in hand | 54/58 | €2,258 | €1,833 | -€425 | -18.8% |
| Deferred charges and accrued income | 490/1 | €25,767 | €22,799 | -€2,968 | -11.5% |
| Total equity and liabilities | 10/49 | €674,307 | €316,946 | -€357,361 | -53.0% |
| Equity | 10/15 | €667,814 | €315,714 | -€352,101 | -52.7% |
| Contributions | 10/11 | €200,000 | €165,000 | -€35,000 | -17.5% |
| Reserves | 13 | €154,491 | €148,171 | -€6,320 | -4.1% |
| Non-distributable reserves | 130/1 | €5,671 | €5,671 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,671 | €5,671 | = | 0.0% |
| Distributable reserves | 133 | €148,820 | €142,500 | -€6,320 | -4.2% |
| Profit (loss) carried forward | 14 | €313,323 | €2,543 | -€310,781 | -99.2% |
| Amounts payable | 17/49 | €6,492 | €1,232 | -€5,260 | -81.0% |
| Amounts payable within one year | 42/48 | €6,492 | €1,232 | -€5,260 | -81.0% |
| Trade debts | 44 | €0 | €148 | +€148 | |
| Suppliers | 440/4 | €0 | €148 | +€148 | |
| Taxes, remuneration and social security | 45 | €5,980 | €0 | -€5,980 | -100% |
| Taxes | 450/3 | €5,980 | €0 | -€5,980 | -100% |
| Other amounts payable | 47/48 | €512 | €1,085 | +€573 | +112% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,025 | €14,025 | = | 0.0% |
| Other operating charges | 640/8 | €1,261 | €1,305 | +€44 | +3.5% |
| Gross operating margin | 9900 | €11,976 | €10,425 | -€1,551 | -12.9% |
| Operating profit (loss) | 9901 | -€3,310 | -€4,905 | -€1,595 | -48.2% |
| Financial income | 75/76B | €25,406 | €22,433 | -€2,974 | -11.7% |
| Recurring financial income | 75 | €25,406 | €22,433 | -€2,974 | -11.7% |
| Financial charges | 65/66B | €150 | €301 | +€151 | +101% |
| Recurring financial charges | 65 | €150 | €301 | +€151 | +101% |
| Profit (loss) for the period before taxes | 9903 | €21,946 | €17,227 | -€4,720 | -21.5% |
| Income taxes | 67/77 | €5,980 | €4,327 | -€1,653 | -27.6% |
| Profit (loss) for the period | 9904 | €15,966 | €12,899 | -€3,067 | -19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,966 | €12,899 | -€3,067 | -19.2% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.