IMMO-FRANCART: 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-FRANCART
Largest movements
- Cash +€147,250
up €147,250 (+785%), from €18,768 to €166,018
mainly Net result for the year (+€103,804) and Investment in fixed assets (net) (+€21,273)
- Tangible fixed assets -€36,115
down €36,115 (-16.9%), from €213,189 to €177,074
of which Land and buildings: -€22,520
- Profit (loss) carried forward +€88,804
up €88,804 (+133%), from €66,722 to €155,526
- Other debts +€15,001
up €15,001 (+12.1%), from €123,892 to €138,893
- Tax, wage and social debts +€4,918
new in 2025: €4,918
- Gross operating margin +€110,429
up €110,429 (+429%), from €25,769 to €136,198
- Write-downs -€52,679
no longer reported in 2025 (was €52,679)
- Other operating charges +€12,121
up €12,121 (+2,546%), from €476 to €12,597
- Taxes +€4,918
new in 2025: €4,918
- Depreciation -€2,558
down €2,558 (-14.7%), from €17,400 to €14,842
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 | €239,899 | €348,621 | +€108,722 | +45.3% |
| Fixed assets | 21/28 | €213,189 | €177,074 | -€36,115 | -16.9% |
| Tangible fixed assets | 22/27 | €213,189 | €177,074 | -€36,115 | -16.9% |
| Land and buildings | 22 | €163,731 | €141,211 | -€22,520 | -13.8% |
| Plant, machinery and equipment | 23 | €49,458 | €35,863 | -€13,595 | -27.5% |
| Current assets | 29/58 | €26,710 | €171,547 | +€144,837 | +542% |
| Amounts receivable within one year | 40/41 | €6,000 | €3,185 | -€2,815 | -46.9% |
| Trade receivables | 40 | €6,000 | €3,185 | -€2,815 | -46.9% |
| Current investments | 50/53 | €1,262 | €1,271 | +€9 | +0.7% |
| Cash at bank and in hand | 54/58 | €18,768 | €166,018 | +€147,250 | +785% |
| Deferred charges and accrued income | 490/1 | €680 | €1,073 | +€393 | +57.8% |
| Total equity and liabilities | 10/49 | €239,899 | €348,621 | +€108,722 | +45.3% |
| Equity | 10/15 | €111,416 | €200,220 | +€88,804 | +79.7% |
| Contributions | 10/11 | €18,559 | €18,559 | = | 0.0% |
| Reserves | 13 | €26,135 | €26,135 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €24,280 | €24,280 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,722 | €155,526 | +€88,804 | +133% |
| Amounts payable | 17/49 | €128,483 | €148,401 | +€19,918 | +15.5% |
| Amounts payable after more than one year | 17 | €2,600 | €2,600 | = | 0.0% |
| Other amounts payable | 178/9 | €2,600 | €2,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €125,883 | €145,801 | +€19,918 | +15.8% |
| Trade debts | 44 | €1,991 | €1,990 | -€1 | -0.1% |
| Suppliers | 440/4 | €1,991 | €1,990 | -€1 | -0.1% |
| Taxes, remuneration and social security | 45 | - | €4,918 | +€4,918 | |
| Taxes | 450/3 | - | €4,918 | +€4,918 | |
| Other amounts payable | 47/48 | €123,892 | €138,893 | +€15,001 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,400 | €14,842 | -€2,558 | -14.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €52,679 | - | -€52,679 | |
| Other operating charges | 640/8 | €476 | €12,597 | +€12,121 | +2,546% |
| Gross operating margin | 9900 | €25,769 | €136,198 | +€110,429 | +429% |
| Operating profit (loss) | 9901 | -€44,786 | €108,759 | +€153,545 | |
| Financial income | 75/76B | €2 | €8 | +€6 | +300% |
| Recurring financial income | 75 | €2 | €8 | +€6 | +300% |
| Financial charges | 65/66B | €46 | €45 | -€1 | -2.2% |
| Recurring financial charges | 65 | €46 | €45 | -€1 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | -€44,830 | €108,722 | +€153,552 | |
| Income taxes | 67/77 | - | €4,918 | +€4,918 | |
| Profit (loss) for the period | 9904 | -€44,830 | €103,804 | +€148,634 | |
| Profit (loss) for the period to be appropriated | 9905 | -€44,830 | €103,804 | +€148,634 |
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.