IMMO FORT CINQ: 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 FORT CINQ
Largest movements
- Tangible fixed assets -€31,956
down €31,956 (-10.0%), from €318,767 to €286,811
of which Land and buildings: -€47,456
- Cash +€29,387
up €29,387 (+90.2%), from €32,572 to €61,959
mainly Depreciation (+€67,035) and Receivables within one year (+€10,689)
- Receivables within one year -€10,689
down €10,689 (-32.3%), from €33,119 to €22,430
of which Trade receivables: -€22,189
- Profit (loss) carried forward -€20,833
down €20,833 (-24.6%), from €84,778 to €63,945
- Trade debts +€7,144
up €7,144 (+32.8%), from €21,778 to €28,921
- Gross operating margin +€5,385
up €5,385 (+9.6%), from €56,361 to €61,745
- Taxes +€4,647
new in 2025: €4,647
- Depreciation +€3,577
up €3,577 (+5.6%), from €63,458 to €67,035
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 | €388,857 | €373,644 | -€15,213 | -3.9% |
| Formation expenses | 20 | €4,399 | €2,444 | -€1,955 | -44.4% |
| Fixed assets | 21/28 | €318,767 | €286,811 | -€31,956 | -10.0% |
| Tangible fixed assets | 22/27 | €318,767 | €286,811 | -€31,956 | -10.0% |
| Land and buildings | 22 | €286,999 | €239,542 | -€47,456 | -16.5% |
| Plant, machinery and equipment | 23 | €26,355 | €42,700 | +€16,346 | +62.0% |
| Furniture and vehicles | 24 | €5,414 | €4,569 | -€845 | -15.6% |
| Current assets | 29/58 | €65,691 | €84,389 | +€18,698 | +28.5% |
| Amounts receivable within one year | 40/41 | €33,119 | €22,430 | -€10,689 | -32.3% |
| Trade receivables | 40 | €33,119 | €10,930 | -€22,189 | -67.0% |
| Other amounts receivable | 41 | - | €11,500 | +€11,500 | |
| Cash at bank and in hand | 54/58 | €32,572 | €61,959 | +€29,387 | +90.2% |
| Total equity and liabilities | 10/49 | €388,857 | €373,644 | -€15,213 | -3.9% |
| Equity | 10/15 | €356,861 | €336,028 | -€20,833 | -5.8% |
| Contributions | 10/11 | €7,618 | €7,618 | = | 0.0% |
| Reserves | 13 | €264,464 | €264,464 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,524 | €1,524 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,524 | €1,524 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,493 | €15,493 | = | 0.0% |
| Distributable reserves | 133 | €247,448 | €247,448 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,778 | €63,945 | -€20,833 | -24.6% |
| Amounts payable | 17/49 | €31,996 | €37,616 | +€5,620 | +17.6% |
| Amounts payable after more than one year | 17 | €7,500 | €7,500 | = | 0.0% |
| Other amounts payable | 178/9 | €7,500 | €7,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €24,447 | €30,116 | +€5,669 | +23.2% |
| Trade debts | 44 | €21,778 | €28,921 | +€7,144 | +32.8% |
| Suppliers | 440/4 | €21,778 | €28,921 | +€7,144 | +32.8% |
| Taxes, remuneration and social security | 45 | €2,670 | €1,195 | -€1,475 | -55.2% |
| Taxes | 450/3 | €2,670 | €1,195 | -€1,475 | -55.2% |
| Accrued charges and deferred income | 492/3 | €49 | €0 | -€49 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,458 | €67,035 | +€3,577 | +5.6% |
| Other operating charges | 640/8 | €10,200 | €10,519 | +€320 | +3.1% |
| Gross operating margin | 9900 | €56,361 | €61,745 | +€5,385 | +9.6% |
| Operating profit (loss) | 9901 | -€17,298 | -€15,809 | +€1,488 | +8.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €184 | €377 | +€193 | +105% |
| Recurring financial charges | 65 | €184 | €377 | +€193 | +105% |
| Profit (loss) for the period before taxes | 9903 | -€17,481 | -€16,186 | +€1,295 | +7.4% |
| Income taxes | 67/77 | - | €4,647 | +€4,647 | |
| Profit (loss) for the period | 9904 | -€17,481 | -€20,833 | -€3,352 | -19.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,481 | -€20,833 | -€3,352 | -19.2% |
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 21 October 2026 via checked.be.