IMMO FFF: 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 FFF
Largest movements
- Stocks and contracts +€381,287
up €381,287 (+20.7%), from €1.8m to €2.2m
- Receivables within one year +€41,425
up €41,425 (+13.5%), from €306,224 to €347,649
of which Other amounts receivable: +€44,894
- Short-term financial debts +€297,595
up €297,595 (+14.6%), from €2.0m to €2.3m
of which Credit institutions: +€297,595
- Trade debts +€258,103
up €258,103 (+237%), from €108,911 to €367,014
- Profit (loss) carried forward -€205,494
down €205,494 (-565%), from -€36,339 to -€241,833
- Accrued charges and deferred income +€74,760
up €74,760 (+749%), from €9,983 to €84,743
- Financial charges +€80,203
up €80,203 (+73.9%), from €108,561 to €188,764
- Gross operating margin -€11,843
down €11,843 (-128%), from -€9,221 to -€21,064
- Financial income +€3,987
up €3,987 (+100%), from €3,985 to €7,972
- Other operating charges -€2,210
down €2,210 (-38.3%), from €5,776 to €3,566
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 | €2,245,703 | €2,670,021 | +€424,318 | +18.9% |
| Fixed assets | 21/28 | €88,142 | €88,071 | -€72 | -0.1% |
| Tangible fixed assets | 22/27 | €5,092 | €5,020 | -€72 | -1.4% |
| Land and buildings | 22 | €5,000 | €5,000 | = | 0.0% |
| Furniture and vehicles | 24 | €72 | €0 | -€72 | -100% |
| Other tangible fixed assets | 26 | €20 | €20 | = | 0.0% |
| Financial fixed assets | 28 | €83,051 | €83,051 | = | 0.0% |
| Current assets | 29/58 | €2,157,561 | €2,581,951 | +€424,390 | +19.7% |
| Stocks and contracts in progress | 3 | €1,844,890 | €2,226,177 | +€381,287 | +20.7% |
| Stocks | 30/36 | €1,844,890 | €2,226,177 | +€381,287 | +20.7% |
| Amounts receivable within one year | 40/41 | €306,224 | €347,649 | +€41,425 | +13.5% |
| Trade receivables | 40 | €3,469 | €0 | -€3,469 | -100% |
| Other amounts receivable | 41 | €302,755 | €347,649 | +€44,894 | +14.8% |
| Cash at bank and in hand | 54/58 | €2,462 | €153 | -€2,309 | -93.8% |
| Deferred charges and accrued income | 490/1 | €3,985 | €7,972 | +€3,987 | +100% |
| Total equity and liabilities | 10/49 | €2,245,703 | €2,670,021 | +€424,318 | +18.9% |
| Equity | 10/15 | €91,384 | -€114,110 | -€205,494 | |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €102,934 | €102,934 | = | 0.0% |
| Tax-exempt reserves | 132 | €102,934 | €102,934 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€36,339 | -€241,833 | -€205,494 | -565% |
| Amounts payable | 17/49 | €2,154,319 | €2,784,131 | +€629,812 | +29.2% |
| Amounts payable within one year | 42/48 | €2,144,336 | €2,699,388 | +€555,052 | +25.9% |
| Financial debts | 43 | €2,034,764 | €2,332,360 | +€297,595 | +14.6% |
| Credit institutions | 430/8 | €1,966,764 | €2,264,360 | +€297,595 | +15.1% |
| Other loans | 439 | €68,000 | €68,000 | = | 0.0% |
| Trade debts | 44 | €108,911 | €367,014 | +€258,103 | +237% |
| Suppliers | 440/4 | €108,911 | €367,014 | +€258,103 | +237% |
| Taxes, remuneration and social security | 45 | €661 | €15 | -€646 | -97.8% |
| Taxes | 450/3 | €661 | €15 | -€646 | -97.8% |
| Accrued charges and deferred income | 492/3 | €9,983 | €84,743 | +€74,760 | +749% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107 | €72 | -€35 | -32.9% |
| Other operating charges | 640/8 | €5,776 | €3,566 | -€2,210 | -38.3% |
| Gross operating margin | 9900 | -€9,221 | -€21,064 | -€11,843 | -128% |
| Operating profit (loss) | 9901 | -€15,104 | -€24,702 | -€9,598 | -63.5% |
| Financial income | 75/76B | €3,985 | €7,972 | +€3,987 | +100% |
| Recurring financial income | 75 | €3,985 | €7,972 | +€3,987 | +100% |
| Financial charges | 65/66B | €108,561 | €188,764 | +€80,203 | +73.9% |
| Recurring financial charges | 65 | €108,561 | €188,764 | +€80,203 | +73.9% |
| Profit (loss) for the period before taxes | 9903 | -€119,681 | -€205,494 | -€85,813 | -71.7% |
| Income taxes | 67/77 | €15 | €0 | -€15 | -100% |
| Profit (loss) for the period | 9904 | -€119,695 | -€205,494 | -€85,799 | -71.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€119,695 | -€205,494 | -€85,799 | -71.7% |
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 13 October 2026 via checked.be.