IMMO FRALEX: what changed
Two fiscal 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 FRALEX
Largest movements
- Tangible fixed assets -€14,092
down €14,092 (-6.3%), from €222,024 to €207,932
of which Land and buildings: -€10,297
- Receivables within one year +€8,450
up €8,450 (+6.1%), from €139,332 to €147,782
- Profit (loss) carried forward +€10,542
up €10,542 (+2.1%), from -€494,503 to -€483,960
- Other debts -€8,866
down €8,866 (-1.2%), from €728,988 to €720,122
- Current portion of long-term debt -€4,533
no longer reported in 2024 (was €4,533)
- Gross operating margin +€5,646
up €5,646 (+21.1%), from €26,719 to €32,365
- Taxes -€2,991
no longer reported in 2024 (was €2,991)
- Financial charges -€665
down €665 (-88.4%), from €752 to €87
- Financial income +€481
up €481 (+9.6%), from €5,023 to €5,504
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €363,055 | €356,780 | -€6,275 | -1.7% |
| Fixed assets | 21/28 | €222,024 | €207,932 | -€14,092 | -6.3% |
| Tangible fixed assets | 22/27 | €222,024 | €207,932 | -€14,092 | -6.3% |
| Land and buildings | 22 | €188,677 | €178,380 | -€10,297 | -5.5% |
| Plant, machinery and equipment | 23 | €9,044 | €6,985 | -€2,059 | -22.8% |
| Assets under construction and advance payments | 27 | €24,304 | €22,568 | -€1,736 | -7.1% |
| Current assets | 29/58 | €141,031 | €148,847 | +€7,816 | +5.5% |
| Amounts receivable within one year | 40/41 | €139,332 | €147,782 | +€8,450 | +6.1% |
| Other amounts receivable | 41 | €139,332 | €147,782 | +€8,450 | +6.1% |
| Cash at bank and in hand | 54/58 | €1,625 | €990 | -€636 | -39.1% |
| Deferred charges and accrued income | 490/1 | €74 | €76 | +€2 | +2.7% |
| Total equity and liabilities | 10/49 | €363,055 | €356,780 | -€6,275 | -1.7% |
| Equity | 10/15 | -€386,657 | -€377,797 | +€8,860 | +2.3% |
| Contributions | 10/11 | €90,987 | €90,987 | = | 0.0% |
| Capital | 10 | €90,987 | €90,987 | = | 0.0% |
| Issued capital | 100 | €90,987 | €90,987 | = | 0.0% |
| Reserves | 13 | €16,859 | €15,177 | -€1,682 | -10.0% |
| Tax-exempt reserves | 132 | €16,859 | €15,177 | -€1,682 | -10.0% |
| Profit (loss) carried forward | 14 | -€494,503 | -€483,960 | +€10,542 | +2.1% |
| Provisions and deferred taxes | 16 | €8,185 | €7,335 | -€850 | -10.4% |
| Deferred taxes | 168 | €8,185 | €7,335 | -€850 | -10.4% |
| Amounts payable | 17/49 | €741,527 | €727,241 | -€14,286 | -1.9% |
| Amounts payable within one year | 42/48 | €740,827 | €727,061 | -€13,766 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €4,533 | - | -€4,533 | |
| Trade debts | 44 | €7,307 | €6,939 | -€368 | -5.0% |
| Suppliers | 440/4 | €7,307 | €6,939 | -€368 | -5.0% |
| Other amounts payable | 47/48 | €728,988 | €720,122 | -€8,866 | -1.2% |
| Accrued charges and deferred income | 492/3 | €699 | €180 | -€519 | -74.3% |
| Non-recurring operating income | 76A | €3,641 | - | -€3,641 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,983 | €24,707 | -€275 | -1.1% |
| Other operating charges | 640/8 | €4,879 | €5,065 | +€185 | +3.8% |
| Gross operating margin | 9900 | €26,719 | €32,365 | +€5,646 | +21.1% |
| Operating profit (loss) | 9901 | -€3,143 | €2,593 | +€5,736 | |
| Financial income | 75/76B | €5,023 | €5,504 | +€481 | +9.6% |
| Recurring financial income | 75 | €5,023 | €5,504 | +€481 | +9.6% |
| Financial charges | 65/66B | €752 | €87 | -€665 | -88.4% |
| Recurring financial charges | 65 | €752 | €87 | -€665 | -88.4% |
| Profit (loss) for the period before taxes | 9903 | €1,128 | €8,010 | +€6,883 | +610.2% |
| Transfer from deferred taxes | 780 | €819 | €850 | +€30 | +3.7% |
| Transfer to deferred taxes | 680 | €910 | - | -€910 | |
| Income taxes | 67/77 | €2,991 | - | -€2,991 | |
| Profit (loss) for the period | 9904 | -€1,954 | €8,860 | +€10,814 | |
| Transfer from tax-exempt reserves | 789 | €1,591 | €1,682 | +€91 | +5.7% |
| Transfer to tax-exempt reserves | 689 | €2,731 | - | -€2,731 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,094 | €10,542 | +€13,636 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.