IMMO FDW: 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 FDW
Largest movements
- Receivables within one year -€45,038
down €45,038 (-17.3%), from €259,605 to €214,567
- Cash +€19,732
up €19,732 (+168.0%), from €11,745 to €31,477
mainly Receivables within one year (+€45,038) and Net result for the year (+€29,270)
- Tangible fixed assets -€17,289
down €17,289 (-10.3%), from €167,289 to €150,000
- Tax, wage and social debts -€38,120
down €38,120 (-37.2%), from €102,530 to €64,409
- Profit (loss) carried forward +€29,270
up €29,270 (+15.3%), from €190,847 to €220,117
- Current portion of long-term debt -€28,019
down €28,019 (-83.1%), from €33,733 to €5,714
- Debts after one year -€5,714
no longer reported in 2025 (was €5,714)
- Gross operating margin +€3,950
up €3,950 (+5.0%), from €78,433 to €82,383
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 | €439,028 | €396,444 | -€42,583 | -9.7% |
| Fixed assets | 21/28 | €167,289 | €150,000 | -€17,289 | -10.3% |
| Tangible fixed assets | 22/27 | €167,289 | €150,000 | -€17,289 | -10.3% |
| Land and buildings | 22 | €167,289 | €150,000 | -€17,289 | -10.3% |
| Current assets | 29/58 | €271,738 | €246,444 | -€25,294 | -9.3% |
| Amounts receivable within one year | 40/41 | €259,605 | €214,567 | -€45,038 | -17.3% |
| Other amounts receivable | 41 | €259,605 | €214,567 | -€45,038 | -17.3% |
| Cash at bank and in hand | 54/58 | €11,745 | €31,477 | +€19,732 | +168.0% |
| Deferred charges and accrued income | 490/1 | €389 | €400 | +€12 | +3.0% |
| Total equity and liabilities | 10/49 | €439,028 | €396,444 | -€42,583 | -9.7% |
| Equity | 10/15 | €259,047 | €288,317 | +€29,270 | +11.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €190,847 | €220,117 | +€29,270 | +15.3% |
| Amounts payable | 17/49 | €179,981 | €108,128 | -€71,853 | -39.9% |
| Amounts payable after more than one year | 17 | €5,714 | - | -€5,714 | |
| Financial debts | 170/4 | €5,714 | - | -€5,714 | |
| Amounts payable within one year | 42/48 | €174,261 | €108,121 | -€66,139 | -38.0% |
| Current portion of amounts payable after more than one year | 42 | €33,733 | €5,714 | -€28,019 | -83.1% |
| Trade debts | 44 | €125 | €125 | = | 0.0% |
| Suppliers | 440/4 | €125 | €125 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €102,530 | €64,409 | -€38,120 | -37.2% |
| Taxes | 450/3 | €102,530 | €64,409 | -€38,120 | -37.2% |
| Other amounts payable | 47/48 | €37,873 | €37,873 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €6 | €6 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,289 | €17,289 | +€0 | 0.0% |
| Other operating charges | 640/8 | €22,375 | €23,077 | +€702 | +3.1% |
| Gross operating margin | 9900 | €78,433 | €82,383 | +€3,950 | +5.0% |
| Operating profit (loss) | 9901 | €38,769 | €42,017 | +€3,248 | +8.4% |
| Financial charges | 65/66B | €2,271 | €2,092 | -€179 | -7.9% |
| Recurring financial charges | 65 | €2,271 | €2,092 | -€179 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €36,498 | €39,925 | +€3,427 | +9.4% |
| Income taxes | 67/77 | €9,946 | €10,655 | +€709 | +7.1% |
| Profit (loss) for the period | 9904 | €26,552 | €29,270 | +€2,718 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €26,552 | €29,270 | +€2,718 | +10.2% |
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 4 October 2026 via checked.be.