IMMO FRAGNEE: 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 FRAGNEE
Largest movements
- Tangible fixed assets -€11,823
down €11,823 (-4.1%), from €287,162 to €275,339
of which Land and buildings: -€7,791
- Reserves -€14,439
down €14,439 (-6.5%), from €223,739 to €209,300
of which Distributable reserves: -€14,439
- Gross operating margin +€5,325
up €5,325 (+10.8%), from €49,111 to €54,436
- Taxes +€1,615
up €1,615 (+19.1%), from €8,447 to €10,062
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 | €288,336 | €277,470 | -€10,865 | -3.8% |
| Fixed assets | 21/28 | €287,162 | €275,339 | -€11,823 | -4.1% |
| Tangible fixed assets | 22/27 | €287,162 | €275,339 | -€11,823 | -4.1% |
| Land and buildings | 22 | €278,144 | €270,353 | -€7,791 | -2.8% |
| Plant, machinery and equipment | 23 | €9,018 | €4,986 | -€4,032 | -44.7% |
| Current assets | 29/58 | €1,174 | €2,132 | +€958 | +81.6% |
| Cash at bank and in hand | 54/58 | €1,174 | €2,132 | +€958 | +81.6% |
| Total equity and liabilities | 10/49 | €288,336 | €277,470 | -€10,865 | -3.8% |
| Equity | 10/15 | €281,346 | €266,908 | -€14,439 | -5.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €223,739 | €209,300 | -€14,439 | -6.5% |
| Non-distributable reserves | 130/1 | €2,063 | €2,063 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,063 | €2,063 | = | 0.0% |
| Distributable reserves | 133 | €221,676 | €207,237 | -€14,439 | -6.5% |
| Profit (loss) carried forward | 14 | €37,608 | €37,608 | = | 0.0% |
| Amounts payable | 17/49 | €6,989 | €10,563 | +€3,574 | +51.1% |
| Amounts payable within one year | 42/48 | €6,989 | €10,563 | +€3,574 | +51.1% |
| Taxes, remuneration and social security | 45 | €1,835 | €4,509 | +€2,674 | +146% |
| Taxes | 450/3 | €1,835 | €4,509 | +€2,674 | +146% |
| Other amounts payable | 47/48 | €5,154 | €6,054 | +€900 | +17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,823 | €11,823 | = | 0.0% |
| Other operating charges | 640/8 | €10,496 | €10,750 | +€254 | +2.4% |
| Gross operating margin | 9900 | €49,111 | €54,436 | +€5,325 | +10.8% |
| Operating profit (loss) | 9901 | €26,791 | €31,863 | +€5,071 | +18.9% |
| Financial charges | 65/66B | €245 | €240 | -€5 | -2.0% |
| Recurring financial charges | 65 | €245 | €240 | -€5 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €26,547 | €31,623 | +€5,076 | +19.1% |
| Income taxes | 67/77 | €8,447 | €10,062 | +€1,615 | +19.1% |
| Profit (loss) for the period | 9904 | €18,100 | €21,561 | +€3,461 | +19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,100 | €21,561 | +€3,461 | +19.1% |
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 18 October 2026 via checked.be.