IMMO FARO: what changed
What changed
IMMO FARO
filed annual accounts (NBB)
Net result for the year
-€15,072
2024 · -€15,085+€13
Equity
€379,708
2024 · €394,781-€15,072
Cash
€184,988
2024 · €161,642+€23,346
Balance sheet total
€944,521
2024 · €950,514-€5,993
Largest movements
Assets
- Tangible fixed assets -€31,973
down €31,973 (-4.1%), from €778,041 to €746,068
of which Land and buildings: -€25,138
- Cash +€23,346
up €23,346 (+14.4%), from €161,642 to €184,988
mainly Depreciation (+€33,957) and Accrued charges and deferred income (+€12,518)
Equity and liabilities
- Profit (loss) carried forward -€15,072
down €15,072 (-23.3%), from -€64,819 to -€79,892
- Accrued charges and deferred income +€12,518
up €12,518 (+11.4%), from €109,675 to €122,192
Income statement
- Gross operating margin -€3,670
down €3,670 (-6.7%), from €54,543 to €50,874
- Staff costs -€3,655
down €3,655 (-95.2%), from €3,842 to €186
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
-€15,085
Gross operating margin
-€3,670
Staff costs
+€3,655
Depreciation
-€92
Other operating charges
-€192
Financial income
+€286
Financial charges
+€25
Result 2025
-€15,072
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
+€27,172
Investment
-€1,984
Financing
-€1,841
Cash 2024
€161,642
From operations (derived)
+€27,172
Net result for the year
-€15,072
Depreciation
+€33,957
Receivables within one year
-€489
Deferred charges and accrued income
-€2,145
Trade debts
-€1,067
Tax, wage and social debts
-€530
Accrued charges and deferred income
+€12,518
Investment (derived)
-€1,984
Investment in fixed assets (net)
-€1,984
Financing
-€1,841
Debts after one year
-€1,841
Cash 2025
€184,988
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €950,514 | €944,521 | -€5,993 | -0.6% |
| Fixed assets | 21/28 | €787,304 | €755,331 | -€31,973 | -4.1% |
| Tangible fixed assets | 22/27 | €778,041 | €746,068 | -€31,973 | -4.1% |
| Land and buildings | 22 | €757,540 | €732,402 | -€25,138 | -3.3% |
| Plant, machinery and equipment | 23 | - | €416 | +€416 | |
| Furniture and vehicles | 24 | €20,500 | €13,250 | -€7,250 | -35.4% |
| Financial fixed assets | 28 | €9,263 | €9,263 | = | 0.0% |
| Current assets | 29/58 | €163,209 | €189,190 | +€25,980 | +15.9% |
| Amounts receivable within one year | 40/41 | €0 | €489 | +€489 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | - | €489 | +€489 | |
| Cash at bank and in hand | 54/58 | €161,642 | €184,988 | +€23,346 | +14.4% |
| Deferred charges and accrued income | 490/1 | €1,568 | €3,713 | +€2,145 | +137% |
| Total equity and liabilities | 10/49 | €950,514 | €944,521 | -€5,993 | -0.6% |
| Equity | 10/15 | €394,781 | €379,708 | -€15,072 | -3.8% |
| Contributions | 10/11 | €459,600 | €459,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,819 | -€79,892 | -€15,072 | -23.3% |
| Amounts payable | 17/49 | €555,733 | €564,813 | +€9,080 | +1.6% |
| Amounts payable after more than one year | 17 | €444,265 | €442,424 | -€1,841 | -0.4% |
| Other amounts payable | 178/9 | €444,265 | €442,424 | -€1,841 | -0.4% |
| Amounts payable within one year | 42/48 | €1,793 | €196 | -€1,596 | -89.0% |
| Trade debts | 44 | €1,263 | €196 | -€1,067 | -84.4% |
| Suppliers | 440/4 | €1,263 | €196 | -€1,067 | -84.4% |
| Taxes, remuneration and social security | 45 | €530 | €0 | -€530 | -100% |
| Remuneration and social security | 454/9 | €530 | €0 | -€530 | -100% |
| Accrued charges and deferred income | 492/3 | €109,675 | €122,192 | +€12,518 | +11.4% |
| Remuneration, social security and pensions | 62 | €3,842 | €186 | -€3,655 | -95.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,865 | €33,957 | +€92 | +0.3% |
| Other operating charges | 640/8 | €6,928 | €7,120 | +€192 | +2.8% |
| Gross operating margin | 9900 | €54,543 | €50,874 | -€3,670 | -6.7% |
| Operating profit (loss) | 9901 | €9,909 | €9,611 | -€298 | -3.0% |
| Financial income | 75/76B | €101 | €386 | +€286 | +284% |
| Recurring financial income | 75 | €101 | €386 | +€286 | +284% |
| Financial charges | 65/66B | €25,095 | €25,070 | -€25 | -0.1% |
| Recurring financial charges | 65 | €25,095 | €25,070 | -€25 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | -€15,085 | -€15,072 | +€13 | +0.1% |
| Profit (loss) for the period | 9904 | -€15,085 | -€15,072 | +€13 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,085 | -€15,072 | +€13 | +0.1% |
Next steps
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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 5 November 2026 via checked.be.