immo firmo: what changed
What changed
immo firmo
NACE 68.322, Real estate appraisal on a fee or contract basis
filed annual accounts (NBB)
Net result for the year
€3,773
2024 · -€122,600+€126,373
Equity
-€161,595
2024 · -€165,367+€3,773
Cash
-
2024 · €1,655-€1,655
Balance sheet total
€1.9m
2024 · €1.1m+€826,425
Largest movements
Assets
- Stocks and contracts +€654,209
new in 2025: €654,209
- Tangible fixed assets +€173,870
up €173,870 (+16.1%), from €1.1m to €1.3m
Equity and liabilities
- Debts after one year +€599,091
up €599,091 (+50.4%), from €1.2m to €1.8m
of which Financial debts: +€436,081
- Current portion of long-term debt +€217,664
up €217,664 (+487%), from €44,666 to €262,329
Income statement
- Gross operating margin +€105,971
up €105,971 (+265%), from €40,044 to €146,015
- Depreciation -€84,580
down €84,580 (-72.2%), from €117,132 to €32,552
- Financial charges +€37,676
up €37,676 (+111%), from €33,965 to €71,641
- Staff costs +€19,904
new in 2025: €19,904
- Other operating charges +€6,538
up €6,538 (+56.3%), from €11,607 to €18,145
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
-€122,600
Gross operating margin
+€105,971
Staff costs
-€19,904
Depreciation
+€84,580
Other operating charges
-€6,538
Financial income
-€60
Financial charges
-€37,676
Result 2025
€3,773
raises the resultlowers the result
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
-€614,014
Investment
-€206,422
Financing
+€818,782
Cash 2024
€1,655
From operations (derived)
-€614,014
Net result for the year
+€3,773
Depreciation
+€32,552
Stocks and contracts
-€654,209
Trade debts
+€5,776
Tax, wage and social debts
+€2,917
Accrued charges and deferred income
-€4,823
Investment (derived)
-€206,422
Investment in fixed assets (net)
-€206,422
Financing
+€818,782
Debts after one year
+€599,091
Current portion of long-term debt
+€217,664
Short-term financial debts
+€2,027
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,078,407 | €1,904,832 | +€826,425 | +76.6% |
| Fixed assets | 21/28 | €1,076,752 | €1,250,622 | +€173,870 | +16.1% |
| Tangible fixed assets | 22/27 | €1,076,752 | €1,250,622 | +€173,870 | +16.1% |
| Land and buildings | 22 | €1,076,752 | €1,250,622 | +€173,870 | +16.1% |
| Current assets | 29/58 | €1,655 | €654,209 | +€652,555 | +39,440% |
| Stocks and contracts in progress | 3 | - | €654,209 | +€654,209 | |
| Stocks | 30/36 | - | €654,209 | +€654,209 | |
| Cash at bank and in hand | 54/58 | €1,655 | - | -€1,655 | |
| Total equity and liabilities | 10/49 | €1,078,407 | €1,904,832 | +€826,425 | +76.6% |
| Equity | 10/15 | -€165,367 | -€161,595 | +€3,773 | +2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€183,967 | -€180,195 | +€3,773 | +2.1% |
| Amounts payable | 17/49 | €1,243,774 | €2,066,426 | +€822,652 | +66.1% |
| Amounts payable after more than one year | 17 | €1,188,279 | €1,787,370 | +€599,091 | +50.4% |
| Financial debts | 170/4 | €1,177,464 | €1,613,545 | +€436,081 | +37.0% |
| Other amounts payable | 178/9 | €10,815 | €173,825 | +€163,010 | +1,507% |
| Amounts payable within one year | 42/48 | €49,892 | €278,276 | +€228,384 | +458% |
| Current portion of amounts payable after more than one year | 42 | €44,666 | €262,329 | +€217,664 | +487% |
| Financial debts | 43 | - | €2,027 | +€2,027 | |
| Credit institutions | 430/8 | - | €2,027 | +€2,027 | |
| Trade debts | 44 | €5,226 | €11,003 | +€5,776 | +111% |
| Suppliers | 440/4 | €5,226 | €11,003 | +€5,776 | +111% |
| Taxes, remuneration and social security | 45 | - | €2,917 | +€2,917 | |
| Remuneration and social security | 454/9 | - | €2,917 | +€2,917 | |
| Accrued charges and deferred income | 492/3 | €5,603 | €780 | -€4,823 | -86.1% |
| Remuneration, social security and pensions | 62 | - | €19,904 | +€19,904 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,132 | €32,552 | -€84,580 | -72.2% |
| Other operating charges | 640/8 | €11,607 | €18,145 | +€6,538 | +56.3% |
| Gross operating margin | 9900 | €40,044 | €146,015 | +€105,971 | +265% |
| Operating profit (loss) | 9901 | -€88,695 | €75,414 | +€164,109 | |
| Financial income | 75/76B | €60 | €0 | -€60 | -99.8% |
| Recurring financial income | 75 | €60 | €0 | -€60 | -99.8% |
| Financial charges | 65/66B | €33,965 | €71,641 | +€37,676 | +111% |
| Recurring financial charges | 65 | €33,965 | €71,641 | +€37,676 | +111% |
| Profit (loss) for the period before taxes | 9903 | -€122,600 | €3,773 | +€126,373 | |
| Profit (loss) for the period | 9904 | -€122,600 | €3,773 | +€126,373 | |
| Profit (loss) for the period to be appropriated | 9905 | -€122,600 | €3,773 | +€126,373 |
Next steps
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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 4 November 2026 via checked.be.