IMMO FARREL: what changed
Two fiscal 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 FARREL
Largest movements
- Tangible fixed assets +€48,365
up €48,365 (+12.3%), from €394,290 to €442,654
of which Land and buildings: +€48,893
- Cash -€6,759
down €6,759 (-47.6%), from €14,195 to €7,436
mainly Investment in fixed assets (net) (-€68,430) and Trade debts (-€824)
- Debts after one year +€24,108
up €24,108 (+10.2%), from €235,665 to €259,774
of which Financial debts: +€24,108
- Profit (loss) carried forward +€11,165
up €11,165 (+77.8%), from -€14,359 to -€3,194
- Current portion of long-term debt +€5,840
up €5,840 (+19.7%), from €29,634 to €35,474
- Gross operating margin +€1,623
up €1,623 (+4.1%), from €39,982 to €41,605
- Depreciation +€1,405
up €1,405 (+7.5%), from €18,660 to €20,065
- Financial charges +€832
up €832 (+12.7%), from €6,525 to €7,356
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 | €410,645 | €451,861 | +€41,216 | +10.0% |
| Fixed assets | 21/28 | €394,290 | €442,654 | +€48,365 | +12.3% |
| Tangible fixed assets | 22/27 | €394,290 | €442,654 | +€48,365 | +12.3% |
| Land and buildings | 22 | €393,761 | €442,654 | +€48,893 | +12.4% |
| Plant, machinery and equipment | 23 | €529 | €0 | -€529 | -100.0% |
| Current assets | 29/58 | €16,356 | €9,207 | -€7,149 | -43.7% |
| Amounts receivable within one year | 40/41 | €1,300 | €1,771 | +€471 | +36.2% |
| Trade receivables | 40 | €1,300 | €1,771 | +€471 | +36.2% |
| Cash at bank and in hand | 54/58 | €14,195 | €7,436 | -€6,759 | -47.6% |
| Deferred charges and accrued income | 490/1 | €860 | €0 | -€860 | -100.0% |
| Total equity and liabilities | 10/49 | €410,645 | €451,861 | +€41,216 | +10.0% |
| Equity | 10/15 | -€9,359 | €1,806 | +€11,165 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,359 | -€3,194 | +€11,165 | +77.8% |
| Amounts payable | 17/49 | €420,004 | €450,055 | +€30,051 | +7.2% |
| Amounts payable after more than one year | 17 | €235,665 | €259,774 | +€24,108 | +10.2% |
| Financial debts | 170/4 | €235,665 | €259,774 | +€24,108 | +10.2% |
| Trade debts | 175 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €184,339 | €190,281 | +€5,942 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €29,634 | €35,474 | +€5,840 | +19.7% |
| Trade debts | 44 | €973 | €148 | -€824 | -84.7% |
| Suppliers | 440/4 | €973 | €148 | -€824 | -84.7% |
| Other amounts payable | 47/48 | €153,732 | €154,659 | +€927 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,660 | €20,065 | +€1,405 | +7.5% |
| Other operating charges | 640/8 | €3,050 | €3,019 | -€31 | -1.0% |
| Gross operating margin | 9900 | €39,982 | €41,605 | +€1,623 | +4.1% |
| Operating profit (loss) | 9901 | €18,272 | €18,521 | +€249 | +1.4% |
| Financial charges | 65/66B | €6,525 | €7,356 | +€832 | +12.7% |
| Recurring financial charges | 65 | €6,525 | €7,356 | +€832 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | €11,748 | €11,165 | -€583 | -5.0% |
| Profit (loss) for the period | 9904 | €11,748 | €11,165 | -€583 | -5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,748 | €11,165 | -€583 | -5.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.