IMMO FOURNIER: 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 FOURNIER
Largest movements
- Tangible fixed assets -€87,621
down €87,621 (-11.4%), from €766,620 to €678,999
of which Land and buildings: -€97,392
- Cash -€9,281
down €9,281 (-71.7%), from €12,949 to €3,668
mainly Net result for the year (-€111,540) and Investment in fixed assets (net) (-€19,612)
- Profit (loss) carried forward -€82,383
down €82,383 (-28.5%), from -€289,257 to -€371,640
- Reserves -€29,157
down €29,157 (-13.7%), from €212,311 to €183,154
of which Tax-exempt reserves: -€29,157
- Other debts +€22,495
up €22,495 (+4.3%), from €521,779 to €544,274
- Provisions -€12,142
down €12,142 (-16.7%), from €72,724 to €60,582
- Gross operating margin -€8,616
down €8,616 (-46.3%), from €18,620 to €10,004
- Depreciation +€4,923
up €4,923 (+4.8%), from €102,309 to €107,233
- Financial charges +€1,802
up €1,802 (+9.5%), from €18,903 to €20,705
- Other operating charges -€412
down €412 (-6.7%), from €6,159 to €5,748
- Financial income -€275
no longer reported in 2025 (was €275)
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 | €780,958 | €685,050 | -€95,908 | -12.3% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €766,620 | €678,999 | -€87,621 | -11.4% |
| Tangible fixed assets | 22/27 | €766,620 | €678,999 | -€87,621 | -11.4% |
| Land and buildings | 22 | €764,347 | €666,955 | -€97,392 | -12.7% |
| Plant, machinery and equipment | 23 | €2,273 | €1,967 | -€307 | -13.5% |
| Furniture and vehicles | 24 | - | €10,078 | +€10,078 | |
| Current assets | 29/58 | €14,338 | €6,051 | -€8,287 | -57.8% |
| Amounts receivable within one year | 40/41 | €1,389 | €2,317 | +€928 | +66.8% |
| Trade receivables | 40 | €1,389 | €2,317 | +€928 | +66.8% |
| Other amounts receivable | 41 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €12,949 | €3,668 | -€9,281 | -71.7% |
| Deferred charges and accrued income | 490/1 | - | €66 | +€66 | |
| Total equity and liabilities | 10/49 | €780,958 | €685,050 | -€95,908 | -12.3% |
| Equity | 10/15 | €180,710 | €69,170 | -€111,540 | -61.7% |
| Contributions | 10/11 | €257,656 | €257,656 | = | 0.0% |
| Capital | 10 | €257,656 | €257,656 | = | 0.0% |
| Issued capital | 100 | €257,656 | €257,656 | = | 0.0% |
| Reserves | 13 | €212,311 | €183,154 | -€29,157 | -13.7% |
| Non-distributable reserves | 130/1 | €19,119 | €19,119 | = | 0.0% |
| Legal reserve | 130 | €19,119 | €19,119 | = | 0.0% |
| Tax-exempt reserves | 132 | €163,823 | €134,666 | -€29,157 | -17.8% |
| Distributable reserves | 133 | €29,370 | €29,370 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€289,257 | -€371,640 | -€82,383 | -28.5% |
| Provisions and deferred taxes | 16 | €72,724 | €60,582 | -€12,142 | -16.7% |
| Deferred taxes | 168 | €72,724 | €60,582 | -€12,142 | -16.7% |
| Amounts payable | 17/49 | €527,524 | €555,298 | +€27,774 | +5.3% |
| Amounts payable within one year | 42/48 | €527,524 | €555,298 | +€27,774 | +5.3% |
| Trade debts | 44 | €101 | €4,840 | +€4,738 | +4,673% |
| Suppliers | 440/4 | €101 | €4,840 | +€4,738 | +4,673% |
| Taxes, remuneration and social security | 45 | €5,644 | €6,184 | +€541 | +9.6% |
| Taxes | 450/3 | €5,644 | €6,184 | +€541 | +9.6% |
| Other amounts payable | 47/48 | €521,779 | €544,274 | +€22,495 | +4.3% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,309 | €107,233 | +€4,923 | +4.8% |
| Other operating charges | 640/8 | €6,159 | €5,748 | -€412 | -6.7% |
| Gross operating margin | 9900 | €18,620 | €10,004 | -€8,616 | -46.3% |
| Operating profit (loss) | 9901 | -€89,849 | -€102,977 | -€13,128 | -14.6% |
| Financial income | 75/76B | €275 | - | -€275 | |
| Recurring financial income | 75 | €275 | - | -€275 | |
| Financial charges | 65/66B | €18,903 | €20,705 | +€1,802 | +9.5% |
| Recurring financial charges | 65 | €18,903 | €20,705 | +€1,802 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | -€108,476 | -€123,682 | -€15,205 | -14.0% |
| Transfer from deferred taxes | 780 | €12,142 | €12,142 | +€0 | 0.0% |
| Profit (loss) for the period | 9904 | -€96,334 | -€111,540 | -€15,205 | -15.8% |
| Transfer from tax-exempt reserves | 789 | €29,157 | €29,157 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€67,177 | -€82,383 | -€15,205 | -22.6% |
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 23 October 2026 via checked.be.