IMMO FOBE: what changed
What changed
IMMO FOBE
NACE 43.990, Other specialised construction activities
filed annual accounts (NBB)
Net result for the year
€26,335
2024 · €29,050-€2,715
Equity
€598,327
2024 · €600,992-€2,665
Cash
€2,409
2024 · €15,266-€12,857
Balance sheet total
€2.2m
2024 · €1.9m+€265,828
Largest movements
Assets
- Tangible fixed assets +€543,943
up €543,943 (+44.6%), from €1.2m to €1.8m
of which Land and buildings: +€545,289
- Receivables within one year -€284,092
down €284,092 (-54.5%), from €521,041 to €236,950
of which Trade receivables: -€314,197
- Deferred charges and accrued income +€38,832
up €38,832 (+165%), from €23,510 to €62,343
Equity and liabilities
- Debts after one year +€344,134
up €344,134 (+39.0%), from €882,536 to €1.2m
of which Financial debts: +€342,434
- Other debts -€164,979
down €164,979 (-53.5%), from €308,617 to €143,639
- Trade debts +€53,217
up €53,217 (+4,618%), from €1,152 to €54,369
- Tax, wage and social debts +€24,423
up €24,423 (+225%), from €10,862 to €35,286
of which Taxes: +€23,690
Income statement
- Gross operating margin +€57,200
up €57,200 (+47.0%), from €121,641 to €178,840
- Financial charges +€30,239
up €30,239 (+129%), from €23,525 to €53,764
- Write-downs -€24,922
new in 2025: -€24,922
- Other operating charges +€22,925
up €22,925 (+181%), from €12,680 to €35,605
- Depreciation +€20,478
up €20,478 (+64.7%), from €31,664 to €52,142
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
€29,050
Gross operating margin
+€57,200
Staff costs
-€2,114
Depreciation
-€20,478
Write-downs
+€24,922
Other operating charges
-€22,925
Financial income
+€489
Financial charges
-€30,239
Taxes
-€9,569
Result 2025
€26,335
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
+€257,019
Investment
-€596,085
Financing
+€326,210
Cash 2024
€15,266
From operations (derived)
+€257,019
Net result for the year
+€26,335
Depreciation
+€52,142
Receivables after one year
+€20,000
Receivables within one year
+€284,092
Deferred charges and accrued income
-€38,832
Trade debts
+€53,217
Tax, wage and social debts
+€24,423
Other debts
-€164,979
Accrued charges and deferred income
+€622
Investment (derived)
-€596,085
Investment in fixed assets (net)
-€596,085
Financing
+€326,210
Debts after one year
+€344,134
Current portion of long-term debt
+€10,041
Short-term financial debts
+€1,035
Contributions, distributions and other
-€29,000
Cash 2025
€2,409
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,898,820 | €2,164,648 | +€265,828 | +14.0% |
| Fixed assets | 21/28 | €1,219,003 | €1,762,947 | +€543,943 | +44.6% |
| Tangible fixed assets | 22/27 | €1,218,323 | €1,762,267 | +€543,943 | +44.6% |
| Land and buildings | 22 | €1,214,363 | €1,759,652 | +€545,289 | +44.9% |
| Plant, machinery and equipment | 23 | €3,960 | €2,615 | -€1,346 | -34.0% |
| Financial fixed assets | 28 | €680 | €680 | = | 0.0% |
| Current assets | 29/58 | €679,817 | €401,701 | -€278,116 | -40.9% |
| Amounts receivable after more than one year | 29 | €120,000 | €100,000 | -€20,000 | -16.7% |
| Other amounts receivable | 291 | €120,000 | €100,000 | -€20,000 | -16.7% |
| Amounts receivable within one year | 40/41 | €521,041 | €236,950 | -€284,092 | -54.5% |
| Trade receivables | 40 | €446,592 | €132,395 | -€314,197 | -70.4% |
| Other amounts receivable | 41 | €74,449 | €104,555 | +€30,106 | +40.4% |
| Cash at bank and in hand | 54/58 | €15,266 | €2,409 | -€12,857 | -84.2% |
| Deferred charges and accrued income | 490/1 | €23,510 | €62,343 | +€38,832 | +165% |
| Total equity and liabilities | 10/49 | €1,898,820 | €2,164,648 | +€265,828 | +14.0% |
| Equity | 10/15 | €600,992 | €598,327 | -€2,665 | -0.4% |
| Contributions | 10/11 | €152,000 | €152,000 | = | 0.0% |
| Capital | 10 | €152,000 | €152,000 | = | 0.0% |
| Issued capital | 100 | €152,000 | €152,000 | = | 0.0% |
| Revaluation surpluses | 12 | €113,598 | €113,598 | = | 0.0% |
| Reserves | 13 | €335,394 | €332,729 | -€2,665 | -0.8% |
| Non-distributable reserves | 130/1 | €15,200 | €15,200 | = | 0.0% |
| Legal reserve | 130 | €15,200 | €15,200 | = | 0.0% |
| Distributable reserves | 133 | €320,194 | €317,529 | -€2,665 | -0.8% |
| Amounts payable | 17/49 | €1,297,828 | €1,566,321 | +€268,493 | +20.7% |
| Amounts payable after more than one year | 17 | €882,536 | €1,226,670 | +€344,134 | +39.0% |
| Financial debts | 170/4 | €881,636 | €1,224,070 | +€342,434 | +38.8% |
| Other amounts payable | 178/9 | €900 | €2,600 | +€1,700 | +189% |
| Amounts payable within one year | 42/48 | €415,233 | €338,970 | -€76,263 | -18.4% |
| Current portion of amounts payable after more than one year | 42 | €88,554 | €98,595 | +€10,041 | +11.3% |
| Financial debts | 43 | - | €1,035 | +€1,035 | |
| Credit institutions | 430/8 | - | €1,035 | +€1,035 | |
| Trade debts | 44 | €1,152 | €54,369 | +€53,217 | +4,618% |
| Suppliers | 440/4 | €1,152 | €54,369 | +€53,217 | +4,618% |
| Advances received on contracts in progress | 46 | €6,047 | €6,047 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €10,862 | €35,286 | +€24,423 | +225% |
| Taxes | 450/3 | €8,498 | €32,189 | +€23,690 | +279% |
| Remuneration and social security | 454/9 | €2,364 | €3,097 | +€733 | +31.0% |
| Other amounts payable | 47/48 | €308,617 | €143,639 | -€164,979 | -53.5% |
| Accrued charges and deferred income | 492/3 | €59 | €681 | +€622 | +1,053% |
| Remuneration, social security and pensions | 62 | €24,032 | €26,146 | +€2,114 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,664 | €52,142 | +€20,478 | +64.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€24,922 | -€24,922 | |
| Other operating charges | 640/8 | €12,680 | €35,605 | +€22,925 | +181% |
| Gross operating margin | 9900 | €121,641 | €178,840 | +€57,200 | +47.0% |
| Operating profit (loss) | 9901 | €53,265 | €89,869 | +€36,605 | +68.7% |
| Financial income | 75/76B | €5,439 | €5,928 | +€489 | +9.0% |
| Recurring financial income | 75 | €5,439 | €5,928 | +€489 | +9.0% |
| Financial charges | 65/66B | €23,525 | €53,764 | +€30,239 | +129% |
| Recurring financial charges | 65 | €23,525 | €53,764 | +€30,239 | +129% |
| Profit (loss) for the period before taxes | 9903 | €35,179 | €42,033 | +€6,854 | +19.5% |
| Income taxes | 67/77 | €6,129 | €15,698 | +€9,569 | +156% |
| Profit (loss) for the period | 9904 | €29,050 | €26,335 | -€2,715 | -9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,050 | €26,335 | -€2,715 | -9.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.