IMMO FOCH: 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 FOCH
Largest movements
- Tangible fixed assets -€41,357
down €41,357 (-1.6%), from €2.7m to €2.6m
of which Land and buildings: -€60,564
- Current portion of long-term debt -€191,629
no longer reported in 2025 (was €191,629)
- Other debts +€110,396
up €110,396 (+6.8%), from €1.6m to €1.7m
- Reserves +€75,030
up €75,030 (+17.0%), from €441,207 to €516,237
of which Distributable reserves: +€75,030
- Accrued charges and deferred income -€41,234
down €41,234 (-67.4%), from €61,142 to €19,909
- Financial charges -€31,805
down €31,805 (-39.5%), from €80,529 to €48,724
- Gross operating margin +€18,009
up €18,009 (+7.0%), from €256,675 to €274,685
- Taxes +€13,212
up €13,212 (+88.7%), from €14,892 to €28,104
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 | €2,695,708 | €2,663,926 | -€31,782 | -1.2% |
| Fixed assets | 21/28 | €2,667,409 | €2,626,052 | -€41,357 | -1.6% |
| Tangible fixed assets | 22/27 | €2,667,409 | €2,626,052 | -€41,357 | -1.6% |
| Land and buildings | 22 | €2,666,363 | €2,605,799 | -€60,564 | -2.3% |
| Furniture and vehicles | 24 | €1,046 | €20,253 | +€19,207 | +1,836% |
| Current assets | 29/58 | €28,299 | €37,873 | +€9,575 | +33.8% |
| Amounts receivable within one year | 40/41 | €11,065 | €15,271 | +€4,205 | +38.0% |
| Trade receivables | 40 | €11,065 | €15,271 | +€4,205 | +38.0% |
| Cash at bank and in hand | 54/58 | €11,553 | €17,687 | +€6,135 | +53.1% |
| Deferred charges and accrued income | 490/1 | €5,681 | €4,916 | -€765 | -13.5% |
| Total equity and liabilities | 10/49 | €2,695,708 | €2,663,926 | -€31,782 | -1.2% |
| Equity | 10/15 | €776,207 | €851,237 | +€75,030 | +9.7% |
| Contributions | 10/11 | €335,000 | €335,000 | = | 0.0% |
| Capital | 10 | €335,000 | €335,000 | = | 0.0% |
| Issued capital | 100 | €335,000 | €335,000 | = | 0.0% |
| Reserves | 13 | €441,207 | €516,237 | +€75,030 | +17.0% |
| Non-distributable reserves | 130/1 | €33,500 | €33,500 | = | 0.0% |
| Legal reserve | 130 | €33,500 | €33,500 | = | 0.0% |
| Distributable reserves | 133 | €407,707 | €482,737 | +€75,030 | +18.4% |
| Amounts payable | 17/49 | €1,919,500 | €1,812,688 | -€106,812 | -5.6% |
| Amounts payable within one year | 42/48 | €1,858,358 | €1,792,780 | -€65,578 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €191,629 | - | -€191,629 | |
| Trade debts | 44 | €16,458 | €18,902 | +€2,444 | +14.8% |
| Suppliers | 440/4 | €16,458 | €18,902 | +€2,444 | +14.8% |
| Taxes, remuneration and social security | 45 | €14,892 | €28,104 | +€13,212 | +88.7% |
| Taxes | 450/3 | €14,892 | €28,104 | +€13,212 | +88.7% |
| Other amounts payable | 47/48 | €1,635,378 | €1,745,774 | +€110,396 | +6.8% |
| Accrued charges and deferred income | 492/3 | €61,142 | €19,909 | -€41,234 | -67.4% |
| Non-recurring operating income | 76A | - | €132 | +€132 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,168 | €95,468 | +€300 | +0.3% |
| Other operating charges | 640/8 | €25,176 | €27,359 | +€2,183 | +8.7% |
| Gross operating margin | 9900 | €256,675 | €274,685 | +€18,009 | +7.0% |
| Operating profit (loss) | 9901 | €136,332 | €151,857 | +€15,526 | +11.4% |
| Financial charges | 65/66B | €80,529 | €48,724 | -€31,805 | -39.5% |
| Recurring financial charges | 65 | €80,529 | €48,724 | -€31,805 | -39.5% |
| Profit (loss) for the period before taxes | 9903 | €55,803 | €103,134 | +€47,331 | +84.8% |
| Income taxes | 67/77 | €14,892 | €28,104 | +€13,212 | +88.7% |
| Profit (loss) for the period | 9904 | €40,910 | €75,030 | +€34,119 | +83.4% |
| Profit (loss) for the period to be appropriated | 9905 | €40,910 | €75,030 | +€34,119 | +83.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.