IMMO FAIRON: 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 FAIRON
Largest movements
- Tangible fixed assets -€46,465
down €46,465 (-13.9%), from €335,464 to €288,999
of which Land and buildings: -€23,723
- Receivables within one year -€24,945
down €24,945 (-16.1%), from €155,321 to €130,376
of which Other amounts receivable: -€19,618
- Cash -€15,582
down €15,582 (-72.2%), from €21,583 to €6,001
mainly Debts after one year (-€61,407) and Net result for the year (-€13,639)
- Debts after one year -€61,407
down €61,407 (-22.8%), from €269,153 to €207,746
of which Financial debts: -€41,407
- Profit (loss) carried forward -€13,639
down €13,639 (-9.6%), from €142,251 to €128,612
- Current portion of long-term debt -€8,451
down €8,451 (-17.0%), from €49,858 to €41,407
- Gross operating margin -€16,651
down €16,651 (-24.8%), from €67,111 to €50,460
- Depreciation -€4,235
down €4,235 (-8.4%), from €50,700 to €46,465
- Financial charges -€1,993
down €1,993 (-13.9%), from €14,340 to €12,346
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 | €513,273 | €426,166 | -€87,106 | -17.0% |
| Fixed assets | 21/28 | €336,114 | €289,649 | -€46,465 | -13.8% |
| Tangible fixed assets | 22/27 | €335,464 | €288,999 | -€46,465 | -13.9% |
| Land and buildings | 22 | €250,363 | €226,640 | -€23,723 | -9.5% |
| Plant, machinery and equipment | 23 | €75,536 | €62,359 | -€13,176 | -17.4% |
| Furniture and vehicles | 24 | €9,565 | - | -€9,565 | |
| Financial fixed assets | 28 | €650 | €650 | = | 0.0% |
| Current assets | 29/58 | €177,159 | €136,518 | -€40,641 | -22.9% |
| Amounts receivable within one year | 40/41 | €155,321 | €130,376 | -€24,945 | -16.1% |
| Trade receivables | 40 | €5,704 | €377 | -€5,327 | -93.4% |
| Other amounts receivable | 41 | €149,617 | €129,999 | -€19,618 | -13.1% |
| Current investments | 50/53 | €26 | €25 | -€0 | -1.9% |
| Cash at bank and in hand | 54/58 | €21,583 | €6,001 | -€15,582 | -72.2% |
| Deferred charges and accrued income | 490/1 | €229 | €115 | -€114 | -49.6% |
| Total equity and liabilities | 10/49 | €513,273 | €426,166 | -€87,106 | -17.0% |
| Equity | 10/15 | €174,927 | €160,609 | -€14,318 | -8.2% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Profit (loss) carried forward | 14 | €142,251 | €128,612 | -€13,639 | -9.6% |
| Investment grants | 15 | €12,225 | €11,546 | -€679 | -5.6% |
| Provisions and deferred taxes | 16 | €6,295 | €5,945 | -€350 | -5.6% |
| Deferred taxes | 168 | €6,295 | €5,945 | -€350 | -5.6% |
| Amounts payable | 17/49 | €332,051 | €259,612 | -€72,439 | -21.8% |
| Amounts payable after more than one year | 17 | €269,153 | €207,746 | -€61,407 | -22.8% |
| Financial debts | 170/4 | €190,753 | €149,346 | -€41,407 | -21.7% |
| Other amounts payable | 178/9 | €78,400 | €58,400 | -€20,000 | -25.5% |
| Amounts payable within one year | 42/48 | €62,785 | €51,773 | -€11,012 | -17.5% |
| Current portion of amounts payable after more than one year | 42 | €49,858 | €41,407 | -€8,451 | -17.0% |
| Trade debts | 44 | €7 | €400 | +€393 | +5,498% |
| Suppliers | 440/4 | €7 | €400 | +€393 | +5,498% |
| Taxes, remuneration and social security | 45 | €4,300 | €1,346 | -€2,954 | -68.7% |
| Taxes | 450/3 | €4,300 | €1,346 | -€2,954 | -68.7% |
| Other amounts payable | 47/48 | €8,620 | €8,620 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €113 | €94 | -€19 | -16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,700 | €46,465 | -€4,235 | -8.4% |
| Other operating charges | 640/8 | €6,725 | €6,316 | -€409 | -6.1% |
| Gross operating margin | 9900 | €67,111 | €50,460 | -€16,651 | -24.8% |
| Operating profit (loss) | 9901 | €9,686 | -€2,322 | -€12,008 | |
| Financial income | 75/76B | €679 | €679 | -€0 | 0.0% |
| Recurring financial income | 75 | €679 | €679 | -€0 | 0.0% |
| Financial charges | 65/66B | €14,340 | €12,346 | -€1,993 | -13.9% |
| Recurring financial charges | 65 | €14,340 | €12,346 | -€1,993 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,974 | -€13,989 | -€10,014 | -252% |
| Transfer from deferred taxes | 780 | €350 | €350 | = | 0.0% |
| Income taxes | 67/77 | €0 | €0 | -€0 | -42.9% |
| Profit (loss) for the period | 9904 | -€3,625 | -€13,639 | -€10,014 | -276% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,625 | -€13,639 | -€10,014 | -276% |
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 29 October 2026 via checked.be.