IMMO FRADEL: 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 FRADEL
Largest movements
- Tangible fixed assets -€9,650
down €9,650 (-21.4%), from €45,156 to €35,506
of which Land and buildings: -€4,942
- Cash +€1,768
up €1,768 (+6.5%), from €27,352 to €29,120
mainly Depreciation (+€8,880) and Investment in fixed assets (net) (+€770)
- Profit (loss) carried forward -€5,279
down €5,279 (-39.8%), from -€13,258 to -€18,537
- Other debts -€2,050
down €2,050 (-31.5%), from €6,502 to €4,452
- Trade debts -€808
down €808 (-51.2%), from €1,577 to €769
- Gross operating margin -€1,130
down €1,130 (-12.7%), from €8,923 to €7,793
- Depreciation -€618
down €618 (-6.5%), from €9,498 to €8,880
- Other operating charges +€96
up €96 (+3.0%), from €3,172 to €3,268
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 | €74,021 | €65,885 | -€8,136 | -11.0% |
| Fixed assets | 21/28 | €45,156 | €35,506 | -€9,650 | -21.4% |
| Tangible fixed assets | 22/27 | €45,156 | €35,506 | -€9,650 | -21.4% |
| Land and buildings | 22 | €28,196 | €23,254 | -€4,942 | -17.5% |
| Plant, machinery and equipment | 23 | €16,075 | €11,981 | -€4,094 | -25.5% |
| Furniture and vehicles | 24 | €885 | €271 | -€614 | -69.4% |
| Current assets | 29/58 | €28,865 | €30,379 | +€1,514 | +5.2% |
| Cash at bank and in hand | 54/58 | €27,352 | €29,120 | +€1,768 | +6.5% |
| Deferred charges and accrued income | 490/1 | €1,513 | €1,259 | -€254 | -16.8% |
| Total equity and liabilities | 10/49 | €74,021 | €65,885 | -€8,136 | -11.0% |
| Equity | 10/15 | €65,942 | €60,663 | -€5,279 | -8.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €17,200 | €17,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,000 | €11,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,000 | €11,000 | = | 0.0% |
| Distributable reserves | 133 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,258 | -€18,537 | -€5,279 | -39.8% |
| Amounts payable | 17/49 | €8,079 | €5,221 | -€2,857 | -35.4% |
| Amounts payable within one year | 42/48 | €8,079 | €5,221 | -€2,857 | -35.4% |
| Trade debts | 44 | €1,577 | €769 | -€808 | -51.2% |
| Suppliers | 440/4 | €1,577 | €769 | -€808 | -51.2% |
| Other amounts payable | 47/48 | €6,502 | €4,452 | -€2,050 | -31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,498 | €8,880 | -€618 | -6.5% |
| Other operating charges | 640/8 | €3,172 | €3,268 | +€96 | +3.0% |
| Non-recurring operating charges | 66A | - | €770 | +€770 | |
| Gross operating margin | 9900 | €8,923 | €7,793 | -€1,130 | -12.7% |
| Operating profit (loss) | 9901 | -€3,747 | -€5,126 | -€1,378 | -36.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €153 | €153 | = | 0.0% |
| Recurring financial charges | 65 | €153 | €153 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,901 | -€5,279 | -€1,378 | -35.3% |
| Profit (loss) for the period | 9904 | -€3,901 | -€5,279 | -€1,378 | -35.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,901 | -€5,279 | -€1,378 | -35.3% |
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 31 October 2026 via checked.be.