IMMO FERIN: 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 FERIN
Largest movements
- Cash +€12,980
up €12,980 (+90.9%), from €14,277 to €27,257
mainly Other debts (+€3,915) and Receivables within one year (+€3,488)
- Receivables within one year -€3,488
no longer reported in 2025 (was €3,488)
- Tangible fixed assets -€1,164
down €1,164 (-6.1%), from €19,059 to €17,895
of which Plant, machinery and equipment: -€726
- Other debts +€3,915
up €3,915 (+61.5%), from €6,370 to €10,285
- Profit (loss) carried forward +€1,883
up €1,883 (+14.7%), from €12,809 to €14,692
- Trade debts +€1,613
up €1,613 (+416.3%), from €387 to €2,000
- Tax, wage and social debts +€1,376
up €1,376 (+674.5%), from €204 to €1,581
- Gross operating margin +€3,183
up €3,183 (+213.6%), from €1,490 to €4,674
- Taxes +€1,376
up €1,376 (+674.5%), from €204 to €1,581
- Depreciation +€288
up €288 (+32.8%), from €877 to €1,164
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 | €39,365 | €48,152 | +€8,787 | +22.3% |
| Fixed assets | 21/28 | €19,059 | €17,895 | -€1,164 | -6.1% |
| Tangible fixed assets | 22/27 | €19,059 | €17,895 | -€1,164 | -6.1% |
| Land and buildings | 22 | €12,635 | €12,197 | -€438 | -3.5% |
| Plant, machinery and equipment | 23 | €6,424 | €5,698 | -€726 | -11.3% |
| Current assets | 29/58 | €20,306 | €30,257 | +€9,951 | +49.0% |
| Amounts receivable within one year | 40/41 | €3,488 | - | -€3,488 | |
| Other amounts receivable | 41 | €3,488 | - | -€3,488 | |
| Cash at bank and in hand | 54/58 | €14,277 | €27,257 | +€12,980 | +90.9% |
| Deferred charges and accrued income | 490/1 | €2,541 | €3,000 | +€459 | +18.1% |
| Total equity and liabilities | 10/49 | €39,365 | €48,152 | +€8,787 | +22.3% |
| Equity | 10/15 | €32,404 | €34,286 | +€1,883 | +5.8% |
| Contributions | 10/11 | €4,031 | €4,031 | = | 0.0% |
| Reserves | 13 | €15,564 | €15,564 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,710 | €5,710 | = | 0.0% |
| Distributable reserves | 133 | €9,853 | €9,853 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,809 | €14,692 | +€1,883 | +14.7% |
| Amounts payable | 17/49 | €6,961 | €13,866 | +€6,904 | +99.2% |
| Amounts payable within one year | 42/48 | €6,961 | €13,866 | +€6,904 | +99.2% |
| Trade debts | 44 | €387 | €2,000 | +€1,613 | +416.3% |
| Suppliers | 440/4 | €387 | €2,000 | +€1,613 | +416.3% |
| Taxes, remuneration and social security | 45 | €204 | €1,581 | +€1,376 | +674.5% |
| Taxes | 450/3 | €204 | €1,581 | +€1,376 | +674.5% |
| Other amounts payable | 47/48 | €6,370 | €10,285 | +€3,915 | +61.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €877 | €1,164 | +€288 | +32.8% |
| Gross operating margin | 9900 | €1,490 | €4,674 | +€3,183 | +213.6% |
| Operating profit (loss) | 9901 | €614 | €3,509 | +€2,896 | +472.0% |
| Financial charges | 65/66B | €46 | €46 | = | 0.0% |
| Recurring financial charges | 65 | €46 | €46 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €567 | €3,463 | +€2,896 | +510.6% |
| Income taxes | 67/77 | €204 | €1,581 | +€1,376 | +674.5% |
| Profit (loss) for the period | 9904 | €363 | €1,883 | +€1,519 | +418.5% |
| Profit (loss) for the period to be appropriated | 9905 | €363 | €1,883 | +€1,519 | +418.5% |
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 12 October 2026 via checked.be.