IMMO FER: 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 FER
Largest movements
- Tangible fixed assets -€44,064
down €44,064 (-3.4%), from €1.3m to €1.2m
of which Land and buildings: -€42,693
- Other debts -€114,090
down €114,090 (-18.4%), from €621,100 to €507,010
- Profit (loss) carried forward +€54,362
up €54,362 (+17.2%), from €316,642 to €371,004
- Tax, wage and social debts +€19,788
up €19,788 (+292.4%), from €6,767 to €26,555
- Gross operating margin +€49,204
up €49,204 (+56.3%), from €87,396 to €136,600
- Taxes +€13,021
up €13,021 (+192.4%), from €6,768 to €19,789
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 | €1,283,377 | €1,248,437 | -€34,940 | -2.7% |
| Fixed assets | 21/28 | €1,280,310 | €1,236,246 | -€44,064 | -3.4% |
| Tangible fixed assets | 22/27 | €1,280,310 | €1,236,246 | -€44,064 | -3.4% |
| Land and buildings | 22 | €1,278,745 | €1,236,052 | -€42,693 | -3.3% |
| Plant, machinery and equipment | 23 | €1,565 | €194 | -€1,371 | -87.6% |
| Current assets | 29/58 | €3,067 | €12,191 | +€9,124 | +297.5% |
| Cash at bank and in hand | 54/58 | €2,517 | €8,641 | +€6,124 | +243.3% |
| Deferred charges and accrued income | 490/1 | €550 | €3,550 | +€3,000 | +545.5% |
| Total equity and liabilities | 10/49 | €1,283,377 | €1,248,437 | -€34,940 | -2.7% |
| Equity | 10/15 | €653,010 | €707,372 | +€54,362 | +8.3% |
| Contributions | 10/11 | €201,368 | €201,368 | = | 0.0% |
| Reserves | 13 | €135,000 | €135,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €115,000 | €115,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €316,642 | €371,004 | +€54,362 | +17.2% |
| Amounts payable | 17/49 | €630,367 | €541,065 | -€89,302 | -14.2% |
| Amounts payable within one year | 42/48 | €630,367 | €536,065 | -€94,302 | -15.0% |
| Trade debts | 44 | €2,500 | €2,500 | = | 0.0% |
| Suppliers | 440/4 | €2,500 | €2,500 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €6,767 | €26,555 | +€19,788 | +292.4% |
| Taxes | 450/3 | €6,767 | €26,555 | +€19,788 | +292.4% |
| Other amounts payable | 47/48 | €621,100 | €507,010 | -€114,090 | -18.4% |
| Accrued charges and deferred income | 492/3 | - | €5,000 | +€5,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,804 | €44,064 | -€740 | -1.7% |
| Other operating charges | 640/8 | €17,709 | €18,265 | +€556 | +3.1% |
| Gross operating margin | 9900 | €87,396 | €136,600 | +€49,204 | +56.3% |
| Operating profit (loss) | 9901 | €24,883 | €74,271 | +€49,388 | +198.5% |
| Financial charges | 65/66B | €50 | €120 | +€70 | +140.0% |
| Recurring financial charges | 65 | €50 | €120 | +€70 | +140.0% |
| Profit (loss) for the period before taxes | 9903 | €24,833 | €74,151 | +€49,318 | +198.6% |
| Income taxes | 67/77 | €6,768 | €19,789 | +€13,021 | +192.4% |
| Profit (loss) for the period | 9904 | €18,065 | €54,362 | +€36,297 | +200.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,065 | €54,362 | +€36,297 | +200.9% |
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 3 October 2026 via checked.be.