Immo Felix: what changed
Immo Felix
Largest movements
- Cash -€22,666
down €22,666 (-70.8%), from €32,000 to €9,334
mainly Net result for the year (-€19,744) and Investment in fixed assets (net) (-€9,173)
- Tangible fixed assets -€5,125
down €5,125 (-2.2%), from €228,930 to €223,805
of which Land and buildings: -€4,807
- Profit (loss) carried forward -€19,744
down €19,744 (-14.3%), from €137,938 to €118,194
- Other debts -€5,821
down €5,821 (-13.7%), from €42,369 to €36,549
- Trade debts -€2,869
no longer reported in 2025 (was €2,869)
- Gross operating margin -€5,061
down €5,061, from €3,547 to -€1,514
- Depreciation +€683
up €683 (+5.0%), from €13,714 to €14,397
- Other operating charges +€389
up €389 (+11.5%), from €3,380 to €3,768
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €262,283 | €233,849 | -€28,434 | -10.8% |
| Fixed assets | 21/28 | €229,739 | €224,515 | -€5,223 | -2.3% |
| Intangible fixed assets | 21 | €509 | €410 | -€98 | -19.3% |
| Tangible fixed assets | 22/27 | €228,930 | €223,805 | -€5,125 | -2.2% |
| Land and buildings | 22 | €228,565 | €223,758 | -€4,807 | -2.1% |
| Furniture and vehicles | 24 | €365 | €47 | -€318 | -87.1% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €32,544 | €9,334 | -€23,210 | -71.3% |
| Cash at bank and in hand | 54/58 | €32,000 | €9,334 | -€22,666 | -70.8% |
| Deferred charges and accrued income | 490/1 | €545 | - | -€545 | |
| Total equity and liabilities | 10/49 | €262,283 | €233,849 | -€28,434 | -10.8% |
| Equity | 10/15 | €215,464 | €195,720 | -€19,744 | -9.2% |
| Contributions | 10/11 | €63,027 | €63,027 | = | 0.0% |
| Capital | 10 | €63,027 | €63,027 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Uncalled capital | 101 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €14,500 | €14,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €137,938 | €118,194 | -€19,744 | -14.3% |
| Amounts payable | 17/49 | €46,819 | €38,129 | -€8,690 | -18.6% |
| Amounts payable after more than one year | 17 | €1,580 | €1,580 | = | 0.0% |
| Other amounts payable | 178/9 | €1,580 | €1,580 | = | 0.0% |
| Amounts payable within one year | 42/48 | €45,239 | €36,549 | -€8,690 | -19.2% |
| Trade debts | 44 | €2,869 | - | -€2,869 | |
| Suppliers | 440/4 | €2,869 | - | -€2,869 | |
| Other amounts payable | 47/48 | €42,369 | €36,549 | -€5,821 | -13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,714 | €14,397 | +€683 | +5.0% |
| Other operating charges | 640/8 | €3,380 | €3,768 | +€389 | +11.5% |
| Gross operating margin | 9900 | €3,547 | -€1,514 | -€5,061 | |
| Operating profit (loss) | 9901 | -€13,546 | -€19,679 | -€6,133 | -45.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €81 | €65 | -€17 | -20.4% |
| Recurring financial charges | 65 | €81 | €65 | -€17 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | -€13,627 | -€19,744 | -€6,117 | -44.9% |
| Profit (loss) for the period | 9904 | -€13,627 | -€19,744 | -€6,117 | -44.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,627 | -€19,744 | -€6,117 | -44.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.