Immo FGH: what changed
What changed
Immo FGH
filed annual accounts (NBB)
Net result for the year
-€17,838
2024 · €169,884-€187,723
Equity
€583,841
2024 · €601,679-€17,838
Cash
€116,592
2024 · -+€116,592
Balance sheet total
€1.0m
2024 · €1.1m-€138,458
Largest movements
Assets
- Current investments -€229,607
no longer reported in 2025 (was €229,607)
- Cash +€116,592
new in 2025: €116,592
mainly Current investments (+€229,607) and Depreciation (+€41,638)
- Tangible fixed assets -€26,988
down €26,988 (-3.0%), from €903,574 to €876,586
of which Land and buildings: -€16,817
Equity and liabilities
- Other debts -€109,377
down €109,377 (-34.4%), from €318,001 to €208,624
- Reserves -€14,791
down €14,791 (-2.8%), from €527,512 to €512,720
Income statement
- Gross operating margin -€257,877
down €257,877 (-87.8%), from €293,786 to €35,909
- Other operating charges -€12,406
down €12,406 (-60.9%), from €20,382 to €7,976
- Depreciation +€9,690
up €9,690 (+30.3%), from €31,948 to €41,638
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.
Result 2024
€169,884
Gross operating margin
-€257,877
Depreciation
-€9,690
Other operating charges
+€12,406
Financial income
+€79
Financial charges
+€2,684
Taxes
-€289
Deferred taxes and other
+€64,965
Result 2025
-€17,838
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€94,665
Investment
+€214,956
Financing
-€3,699
Cash 2024
€0
From operations (derived)
-€94,665
Net result for the year
-€17,838
Depreciation
+€41,638
Receivables after one year
+€1,948
Receivables within one year
-€3,423
Smaller working-capital items
+€153
Provisions
-€6,696
Tax, wage and social debts
-€1,070
Other debts
-€109,377
Investment (derived)
+€214,956
Investment in fixed assets (net)
-€14,651
Current investments
+€229,607
Financing
-€3,699
Short-term financial debts
-€3,699
Cash 2025
€116,592
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,146,322 | €1,007,864 | -€138,458 | -12.1% |
| Fixed assets | 21/28 | €903,574 | €876,586 | -€26,988 | -3.0% |
| Tangible fixed assets | 22/27 | €903,574 | €876,586 | -€26,988 | -3.0% |
| Land and buildings | 22 | €793,854 | €777,037 | -€16,817 | -2.1% |
| Furniture and vehicles | 24 | €109,720 | €99,549 | -€10,171 | -9.3% |
| Current assets | 29/58 | €242,748 | €131,278 | -€111,470 | -45.9% |
| Amounts receivable after more than one year | 29 | €11,213 | €9,266 | -€1,948 | -17.4% |
| Other amounts receivable | 291 | €11,213 | €9,266 | -€1,948 | -17.4% |
| Amounts receivable within one year | 40/41 | €719 | €4,141 | +€3,423 | +476% |
| Trade receivables | 40 | - | €1,848 | +€1,848 | |
| Other amounts receivable | 41 | €719 | €2,294 | +€1,575 | +219% |
| Current investments | 50/53 | €229,607 | - | -€229,607 | |
| Cash at bank and in hand | 54/58 | - | €116,592 | +€116,592 | |
| Deferred charges and accrued income | 490/1 | €1,209 | €1,279 | +€70 | +5.8% |
| Total equity and liabilities | 10/49 | €1,146,322 | €1,007,864 | -€138,458 | -12.1% |
| Equity | 10/15 | €601,679 | €583,841 | -€17,838 | -3.0% |
| Contributions | 10/11 | €189,600 | €189,600 | = | 0.0% |
| Reserves | 13 | €527,512 | €512,720 | -€14,791 | -2.8% |
| Tax-exempt reserves | 132 | €527,512 | €512,720 | -€14,791 | -2.8% |
| Profit (loss) carried forward | 14 | -€115,433 | -€118,480 | -€3,047 | -2.6% |
| Provisions and deferred taxes | 16 | €214,460 | €207,764 | -€6,696 | -3.1% |
| Deferred taxes | 168 | €214,460 | €207,764 | -€6,696 | -3.1% |
| Amounts payable | 17/49 | €330,182 | €216,259 | -€113,923 | -34.5% |
| Amounts payable within one year | 42/48 | €330,182 | €216,259 | -€113,923 | -34.5% |
| Financial debts | 43 | €3,699 | - | -€3,699 | |
| Credit institutions | 430/8 | €3,699 | - | -€3,699 | |
| Trade debts | 44 | - | €223 | +€223 | |
| Suppliers | 440/4 | - | €223 | +€223 | |
| Taxes, remuneration and social security | 45 | €8,482 | €7,412 | -€1,070 | -12.6% |
| Taxes | 450/3 | €8,482 | €7,412 | -€1,070 | -12.6% |
| Other amounts payable | 47/48 | €318,001 | €208,624 | -€109,377 | -34.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,948 | €41,638 | +€9,690 | +30.3% |
| Other operating charges | 640/8 | €20,382 | €7,976 | -€12,406 | -60.9% |
| Gross operating margin | 9900 | €293,786 | €35,909 | -€257,877 | -87.8% |
| Operating profit (loss) | 9901 | €241,456 | -€13,705 | -€255,161 | |
| Financial income | 75/76B | €63 | €141 | +€79 | +126% |
| Recurring financial income | 75 | €63 | €141 | +€79 | +126% |
| Financial charges | 65/66B | €13,150 | €10,465 | -€2,684 | -20.4% |
| Recurring financial charges | 65 | €13,150 | €10,465 | -€2,684 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €228,369 | -€24,029 | -€252,398 | |
| Transfer from deferred taxes | 780 | €6,866 | €6,696 | -€170 | -2.5% |
| Transfer to deferred taxes | 680 | €65,134 | - | -€65,134 | |
| Income taxes | 67/77 | €217 | €506 | +€289 | +133% |
| Profit (loss) for the period | 9904 | €169,884 | -€17,838 | -€187,723 | |
| Transfer from tax-exempt reserves | 789 | €14,869 | €14,791 | -€77 | -0.5% |
| Transfer to tax-exempt reserves | 689 | €195,403 | - | -€195,403 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,650 | -€3,047 | +€7,603 | +71.4% |
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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 6 November 2026 via checked.be.