IMMO FD: 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 FD
Largest movements
- Cash -€22,027
down €22,027 (-98.8%), from €22,302 to €275
mainly Debts after one year (-€25,000) and Net result for the year (-€5,872)
- Debts after one year -€25,000
down €25,000 (-2.5%), from €994,000 to €969,000
- Gross operating margin -€46,590
down €46,590, from €31,999 to -€14,591
- Depreciation -€2,784
down €2,784 (-23.2%), from €12,011 to €9,227
- Financial charges +€748
up €748 (+3.6%), from €20,788 to €21,536
- Other operating charges -€324
down €324 (-38.5%), from €842 to €518
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 | €1,041,534 | €1,006,905 | -€34,629 | -3.3% |
| Fixed assets | 21/28 | €1,015,670 | €1,006,443 | -€9,227 | -0.9% |
| Tangible fixed assets | 22/27 | €15,670 | €6,443 | -€9,227 | -58.9% |
| Plant, machinery and equipment | 23 | €1,221 | €473 | -€748 | -61.3% |
| Furniture and vehicles | 24 | €14,450 | €5,970 | -€8,479 | -58.7% |
| Financial fixed assets | 28 | €1,000,000 | €1,000,000 | = | 0.0% |
| Current assets | 29/58 | €25,864 | €462 | -€25,402 | -98.2% |
| Amounts receivable within one year | 40/41 | €3,562 | €187 | -€3,375 | -94.8% |
| Trade receivables | 40 | €3,562 | €0 | -€3,562 | -100.0% |
| Other amounts receivable | 41 | - | €187 | +€187 | |
| Cash at bank and in hand | 54/58 | €22,302 | €275 | -€22,027 | -98.8% |
| Total equity and liabilities | 10/49 | €1,041,534 | €1,006,905 | -€34,629 | -3.3% |
| Equity | 10/15 | €43,265 | €37,393 | -€5,872 | -13.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €38,265 | €32,393 | -€5,872 | -15.3% |
| Distributable reserves | 133 | €38,265 | €32,393 | -€5,872 | -15.3% |
| Amounts payable | 17/49 | €998,269 | €969,512 | -€28,757 | -2.9% |
| Amounts payable after more than one year | 17 | €994,000 | €969,000 | -€25,000 | -2.5% |
| Financial debts | 170/4 | €994,000 | €969,000 | -€25,000 | -2.5% |
| Amounts payable within one year | 42/48 | €4,269 | €512 | -€3,757 | -88.0% |
| Trade debts | 44 | - | €512 | +€512 | |
| Suppliers | 440/4 | - | €512 | +€512 | |
| Taxes, remuneration and social security | 45 | €4,269 | €0 | -€4,269 | -100.0% |
| Taxes | 450/3 | €4,269 | €0 | -€4,269 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,011 | €9,227 | -€2,784 | -23.2% |
| Other operating charges | 640/8 | €842 | €518 | -€324 | -38.5% |
| Gross operating margin | 9900 | €31,999 | -€14,591 | -€46,590 | |
| Operating profit (loss) | 9901 | €19,146 | -€24,336 | -€43,482 | |
| Financial income | 75/76B | €40,008 | €40,000 | -€8 | 0.0% |
| Recurring financial income | 75 | €40,008 | €40,000 | -€8 | 0.0% |
| Financial charges | 65/66B | €20,788 | €21,536 | +€748 | +3.6% |
| Recurring financial charges | 65 | €20,788 | €21,536 | +€748 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €38,366 | -€5,872 | -€44,237 | |
| Income taxes | 67/77 | €101 | €0 | -€101 | -100.0% |
| Profit (loss) for the period | 9904 | €38,265 | -€5,872 | -€44,137 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,265 | -€5,872 | -€44,137 |
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 5 October 2026 via checked.be.