IMMO FRAN: 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 FRAN
Largest movements
- Tangible fixed assets -€16,014
down €16,014 (-5.8%), from €274,229 to €258,215
of which Land and buildings: -€16,966
- Reserves -€12,107
down €12,107 (-1.8%), from €683,739 to €671,632
of which Tax-exempt reserves: -€16,839
- Provisions -€8,671
down €8,671 (-38.6%), from €22,450 to €13,779
- Gross operating margin +€6,456
up €6,456 (+109%), from €5,929 to €12,385
- Depreciation -€3,884
down €3,884 (-18.2%), from €21,338 to €17,453
- Financial income -€3,873
down €3,873 (-36.5%), from €10,617 to €6,745
- Taxes +€2,008
up €2,008 (+33.7%), from €5,952 to €7,960
- Financial charges +€466
up €466 (+733%), from €64 to €529
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 | €744,326 | €722,645 | -€21,681 | -2.9% |
| Fixed assets | 21/28 | €274,248 | €258,233 | -€16,014 | -5.8% |
| Tangible fixed assets | 22/27 | €274,229 | €258,215 | -€16,014 | -5.8% |
| Land and buildings | 22 | €274,229 | €257,263 | -€16,966 | -6.2% |
| Plant, machinery and equipment | 23 | - | €951 | +€951 | |
| Financial fixed assets | 28 | €19 | €19 | = | 0.0% |
| Current assets | 29/58 | €470,078 | €464,411 | -€5,667 | -1.2% |
| Amounts receivable within one year | 40/41 | €89 | €0 | -€89 | -100% |
| Other amounts receivable | 41 | €89 | €0 | -€89 | -100% |
| Current investments | 50/53 | €450,284 | €450,284 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €18,443 | €12,806 | -€5,637 | -30.6% |
| Deferred charges and accrued income | 490/1 | €1,262 | €1,322 | +€60 | +4.7% |
| Total equity and liabilities | 10/49 | €744,326 | €722,645 | -€21,681 | -2.9% |
| Equity | 10/15 | €702,339 | €690,232 | -€12,107 | -1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €683,739 | €671,632 | -€12,107 | -1.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €46,780 | €29,940 | -€16,839 | -36.0% |
| Distributable reserves | 133 | €635,099 | €639,832 | +€4,733 | +0.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €22,450 | €13,779 | -€8,671 | -38.6% |
| Deferred taxes | 168 | €22,450 | €13,779 | -€8,671 | -38.6% |
| Amounts payable | 17/49 | €19,537 | €18,634 | -€904 | -4.6% |
| Amounts payable after more than one year | 17 | €1,570 | €1,570 | = | 0.0% |
| Other amounts payable | 178/9 | €1,570 | €1,570 | = | 0.0% |
| Amounts payable within one year | 42/48 | €17,967 | €17,064 | -€904 | -5.0% |
| Taxes, remuneration and social security | 45 | €7,821 | €4,034 | -€3,787 | -48.4% |
| Taxes | 450/3 | €7,821 | €4,034 | -€3,787 | -48.4% |
| Other amounts payable | 47/48 | €10,147 | €13,030 | +€2,883 | +28.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,338 | €17,453 | -€3,884 | -18.2% |
| Other operating charges | 640/8 | €1,950 | €2,011 | +€60 | +3.1% |
| Gross operating margin | 9900 | €5,929 | €12,385 | +€6,456 | +109% |
| Operating profit (loss) | 9901 | -€17,359 | -€7,079 | +€10,280 | +59.2% |
| Financial income | 75/76B | €10,617 | €6,745 | -€3,873 | -36.5% |
| Recurring financial income | 75 | €10,617 | €6,745 | -€3,873 | -36.5% |
| Financial charges | 65/66B | €64 | €529 | +€466 | +733% |
| Recurring financial charges | 65 | €64 | €529 | +€466 | +733% |
| Profit (loss) for the period before taxes | 9903 | -€6,805 | -€863 | +€5,942 | +87.3% |
| Transfer from deferred taxes | 780 | €8,671 | €8,671 | = | 0.0% |
| Income taxes | 67/77 | €5,952 | €7,960 | +€2,008 | +33.7% |
| Profit (loss) for the period | 9904 | -€4,086 | -€152 | +€3,934 | +96.3% |
| Transfer from tax-exempt reserves | 789 | €16,839 | €16,839 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,754 | €16,688 | +€3,934 | +30.8% |
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 16 October 2026 via checked.be.