Immo Faes: 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 Faes
Largest movements
- Cash +€16,448
up €16,448 (+79.1%), from €20,796 to €37,243
mainly Depreciation (+€13,537) and Net result for the year (+€4,965)
- Tangible fixed assets -€13,537
down €13,537 (-21.3%), from €63,527 to €49,990
of which Furniture and vehicles: -€12,685
- Profit (loss) carried forward +€4,965
up €4,965 (+135.3%), from €3,670 to €8,635
- Other debts -€1,849
down €1,849 (-2.5%), from €74,198 to €72,350
- Gross operating margin +€9,806
up €9,806 (+94.5%), from €10,380 to €20,185
- Depreciation +€9,378
up €9,378 (+225.5%), from €4,159 to €13,537
- Other operating charges -€1,349
down €1,349 (-88.1%), from €1,530 to €182
- Taxes +€455
up €455 (+44.6%), from €1,020 to €1,475
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 | €84,322 | €87,233 | +€2,910 | +3.5% |
| Fixed assets | 21/28 | €63,527 | €49,990 | -€13,537 | -21.3% |
| Tangible fixed assets | 22/27 | €63,527 | €49,990 | -€13,537 | -21.3% |
| Plant, machinery and equipment | 23 | €3,834 | €2,982 | -€852 | -22.2% |
| Furniture and vehicles | 24 | €59,693 | €47,008 | -€12,685 | -21.3% |
| Current assets | 29/58 | €20,796 | €37,243 | +€16,448 | +79.1% |
| Cash at bank and in hand | 54/58 | €20,796 | €37,243 | +€16,448 | +79.1% |
| Total equity and liabilities | 10/49 | €84,322 | €87,233 | +€2,910 | +3.5% |
| Equity | 10/15 | €6,670 | €11,635 | +€4,965 | +74.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,670 | €8,635 | +€4,965 | +135.3% |
| Amounts payable | 17/49 | €77,652 | €75,598 | -€2,054 | -2.6% |
| Amounts payable within one year | 42/48 | €77,652 | €75,598 | -€2,054 | -2.6% |
| Taxes, remuneration and social security | 45 | €3,454 | €3,249 | -€206 | -6.0% |
| Taxes | 450/3 | €3,454 | €3,249 | -€206 | -6.0% |
| Other amounts payable | 47/48 | €74,198 | €72,350 | -€1,849 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,159 | €13,537 | +€9,378 | +225.5% |
| Other operating charges | 640/8 | €1,530 | €182 | -€1,349 | -88.1% |
| Gross operating margin | 9900 | €10,380 | €20,185 | +€9,806 | +94.5% |
| Operating profit (loss) | 9901 | €4,690 | €6,467 | +€1,776 | +37.9% |
| Financial charges | 65/66B | - | €27 | +€27 | |
| Recurring financial charges | 65 | - | €27 | +€27 | |
| Profit (loss) for the period before taxes | 9903 | €4,690 | €6,440 | +€1,749 | +37.3% |
| Income taxes | 67/77 | €1,020 | €1,475 | +€455 | +44.6% |
| Profit (loss) for the period | 9904 | €3,670 | €4,965 | +€1,294 | +35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,670 | €4,965 | +€1,294 | +35.3% |
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 10 October 2026 via checked.be.