IMMO FEBULE: 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 FEBULE
Largest movements
- Tangible fixed assets -€15,580
down €15,580 (-9.1%), from €171,146 to €155,566
- Cash -€2,199
down €2,199 (-99.9%), from €2,201 to €3
mainly Debts after one year (-€50,503) and Net result for the year (-€9,328)
- Debts after one year -€50,503
down €50,503 (-21.4%), from €235,777 to €185,274
- Current portion of long-term debt +€26,550
up €26,550 (+44.0%), from €60,357 to €86,907
- Other debts +€15,503
up €15,503 (+8.1%), from €190,349 to €205,852
- Profit (loss) carried forward -€9,328
down €9,328 (-2.8%), from -€332,014 to -€341,343
- Other operating charges -€1,750
no longer reported in 2025 (was €1,750)
- Financial charges -€1,084
down €1,084 (-21.0%), from €5,153 to €4,069
- Gross operating margin +€671
up €671 (+7.0%), from €9,650 to €10,321
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 | €212,951 | €195,172 | -€17,778 | -8.3% |
| Fixed assets | 21/28 | €171,146 | €155,566 | -€15,580 | -9.1% |
| Tangible fixed assets | 22/27 | €171,146 | €155,566 | -€15,580 | -9.1% |
| Land and buildings | 22 | €171,146 | €155,566 | -€15,580 | -9.1% |
| Current assets | 29/58 | €41,805 | €39,606 | -€2,199 | -5.3% |
| Amounts receivable within one year | 40/41 | €39,603 | €39,603 | = | 0.0% |
| Trade receivables | 40 | €340 | €340 | = | 0.0% |
| Other amounts receivable | 41 | €39,263 | €39,263 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,201 | €3 | -€2,199 | -99.9% |
| Total equity and liabilities | 10/49 | €212,951 | €195,172 | -€17,778 | -8.3% |
| Equity | 10/15 | -€323,957 | -€333,285 | -€9,328 | -2.9% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Capital | 10 | €6,197 | €6,197 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,403 | €12,403 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€332,014 | -€341,343 | -€9,328 | -2.8% |
| Provisions and deferred taxes | 16 | €39,000 | €39,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €39,000 | €39,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €14,000 | €14,000 | = | 0.0% |
| Environmental obligations | 163 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable | 17/49 | €497,908 | €489,458 | -€8,450 | -1.7% |
| Amounts payable after more than one year | 17 | €235,777 | €185,274 | -€50,503 | -21.4% |
| Financial debts | 170/4 | €235,777 | €185,274 | -€50,503 | -21.4% |
| Amounts payable within one year | 42/48 | €262,130 | €304,183 | +€42,053 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | €60,357 | €86,907 | +€26,550 | +44.0% |
| Trade debts | 44 | €11,424 | €11,424 | = | 0.0% |
| Suppliers | 440/4 | €11,424 | €11,424 | = | 0.0% |
| Other amounts payable | 47/48 | €190,349 | €205,852 | +€15,503 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,580 | €15,580 | = | 0.0% |
| Other operating charges | 640/8 | €1,750 | - | -€1,750 | |
| Gross operating margin | 9900 | €9,650 | €10,321 | +€671 | +7.0% |
| Operating profit (loss) | 9901 | -€7,680 | -€5,259 | +€2,421 | +31.5% |
| Financial charges | 65/66B | €5,153 | €4,069 | -€1,084 | -21.0% |
| Recurring financial charges | 65 | €5,153 | €4,069 | -€1,084 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,833 | -€9,328 | +€3,505 | +27.3% |
| Profit (loss) for the period | 9904 | -€12,833 | -€9,328 | +€3,505 | +27.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,833 | -€9,328 | +€3,505 | +27.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.