Immo FDS: 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 FDS
Largest movements
- Tangible fixed assets +€1.6m
up €1.6m (+76.9%), from €2.1m to €3.8m
of which Land and buildings: +€1.6m
- Cash +€344,923
up €344,923 (+83,888%), from €411 to €345,334
mainly Other debts (+€1.4m) and Debts after one year (+€1.2m)
- Receivables within one year -€86,841
down €86,841 (-32.9%), from €263,735 to €176,894
of which Other amounts receivable: -€161,773
- Reserves -€1.4m
down €1.4m (-86.5%), from €1.7m to €222,344
of which Tax-exempt reserves: -€1.4m
- Other debts +€1.4m
up €1.4m (+1,198%), from €114,439 to €1.5m
- Debts after one year +€1.2m
up €1.2m (+250%), from €495,851 to €1.7m
- Profit (loss) carried forward +€964,000
up €964,000, from -€36,877 to €927,123
- Provisions -€476,547
down €476,547 (-88.8%), from €536,764 to €60,217
- Gross operating margin -€619,095
down €619,095 (-69.5%), from €891,281 to €272,186
- Other operating charges -€400,366
down €400,366 (-87.7%), from €456,274 to €55,908
- Financial charges -€313,272
down €313,272 (-90.8%), from €345,173 to €31,901
- Taxes +€271,730
up €271,730 (+268%), from €101,203 to €372,934
- Depreciation +€140,798
up €140,798 (+147%), from €95,976 to €236,774
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 | €3,272,462 | €5,204,777 | +€1.9m | +59.0% |
| Fixed assets | 21/28 | €2,995,971 | €4,664,926 | +€1.7m | +55.7% |
| Tangible fixed assets | 22/27 | €2,130,571 | €3,768,026 | +€1.6m | +76.9% |
| Land and buildings | 22 | €2,129,776 | €3,768,026 | +€1.6m | +76.9% |
| Plant, machinery and equipment | 23 | €795 | - | -€795 | |
| Financial fixed assets | 28 | €865,400 | €896,900 | +€31,500 | +3.6% |
| Current assets | 29/58 | €276,491 | €539,851 | +€263,360 | +95.3% |
| Amounts receivable within one year | 40/41 | €263,735 | €176,894 | -€86,841 | -32.9% |
| Trade receivables | 40 | €101,962 | €176,894 | +€74,932 | +73.5% |
| Other amounts receivable | 41 | €161,773 | - | -€161,773 | |
| Current investments | 50/53 | - | €4,500 | +€4,500 | |
| Cash at bank and in hand | 54/58 | €411 | €345,334 | +€344,923 | +83,888% |
| Deferred charges and accrued income | 490/1 | €12,346 | €13,123 | +€777 | +6.3% |
| Total equity and liabilities | 10/49 | €3,272,462 | €5,204,777 | +€1.9m | +59.0% |
| Equity | 10/15 | €1,844,955 | €1,371,035 | -€473,921 | -25.7% |
| Contributions | 10/11 | €93,000 | €93,000 | = | 0.0% |
| Capital | 10 | €93,000 | €93,000 | = | 0.0% |
| Issued capital | 100 | €93,000 | €93,000 | = | 0.0% |
| Reserves | 13 | €1,651,985 | €222,344 | -€1.4m | -86.5% |
| Non-distributable reserves | 130/1 | €9,643 | €9,643 | = | 0.0% |
| Legal reserve | 130 | €9,643 | €9,643 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,614,290 | €184,649 | -€1.4m | -88.6% |
| Distributable reserves | 133 | €28,052 | €28,052 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,877 | €927,123 | +€964,000 | |
| Investment grants | 15 | €136,848 | €128,568 | -€8,280 | -6.1% |
| Provisions and deferred taxes | 16 | €536,764 | €60,217 | -€476,547 | -88.8% |
| Deferred taxes | 168 | €536,764 | €60,217 | -€476,547 | -88.8% |
| Amounts payable | 17/49 | €890,743 | €3,773,525 | +€2.9m | +324% |
| Amounts payable after more than one year | 17 | €495,851 | €1,733,986 | +€1.2m | +250% |
| Financial debts | 170/4 | €495,851 | €1,733,986 | +€1.2m | +250% |
| Amounts payable within one year | 42/48 | €394,892 | €2,039,539 | +€1.6m | +416% |
| Current portion of amounts payable after more than one year | 42 | €82,384 | €92,569 | +€10,186 | +12.4% |
| Trade debts | 44 | €166,822 | - | -€166,822 | |
| Suppliers | 440/4 | €166,822 | - | -€166,822 | |
| Taxes, remuneration and social security | 45 | €31,247 | €461,110 | +€429,862 | +1,376% |
| Taxes | 450/3 | - | €438,351 | +€438,351 | |
| Remuneration and social security | 454/9 | €31,247 | €22,759 | -€8,489 | -27.2% |
| Other amounts payable | 47/48 | €114,439 | €1,485,860 | +€1.4m | +1,198% |
| Remuneration, social security and pensions | 62 | €71,795 | €69,276 | -€2,519 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,976 | €236,774 | +€140,798 | +147% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €74,326 | +€74,326 | |
| Other operating charges | 640/8 | €456,274 | €55,908 | -€400,366 | -87.7% |
| Non-recurring operating charges | 66A | - | €381,535 | +€381,535 | |
| Gross operating margin | 9900 | €891,281 | €272,186 | -€619,095 | -69.5% |
| Operating profit (loss) | 9901 | €267,236 | -€545,633 | -€812,870 | |
| Financial income | 75/76B | €115,415 | €8,280 | -€107,135 | -92.8% |
| Recurring financial income | 75 | €115,415 | €8,280 | -€107,135 | -92.8% |
| Financial charges | 65/66B | €345,173 | €31,901 | -€313,272 | -90.8% |
| Recurring financial charges | 65 | €345,173 | €31,901 | -€313,272 | -90.8% |
| Profit (loss) for the period before taxes | 9903 | €37,479 | -€569,254 | -€606,733 | |
| Transfer from deferred taxes | 780 | - | €476,547 | +€476,547 | |
| Income taxes | 67/77 | €101,203 | €372,934 | +€271,730 | +268% |
| Profit (loss) for the period | 9904 | -€63,724 | -€465,641 | -€401,916 | -631% |
| Transfer from tax-exempt reserves | 789 | - | €1,429,641 | +€1.4m | |
| Profit (loss) for the period to be appropriated | 9905 | -€63,724 | €964,000 | +€1.0m |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.