IMMO FRANCIS DE MEESTER: 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 FRANCIS DE MEESTER
Largest movements
- Cash -€509,129
down €509,129 (-78.6%), from €647,499 to €138,370
mainly Other debts (-€858,952) and Stocks and contracts (-€218,485)
- Stocks and contracts +€218,485
up €218,485 (+20.1%), from €1.1m to €1.3m
- Receivables within one year -€132,493
down €132,493 (-51.6%), from €256,891 to €124,398
of which Other amounts receivable: -€163,828
- Tangible fixed assets -€56,392
down €56,392 (-23.2%), from €242,761 to €186,369
of which Furniture and vehicles: -€37,110
- Other debts -€858,952
down €858,952 (-45.9%), from €1.9m to €1.0m
- Short-term financial debts +€402,866
up €402,866 (+419,783%), from €96 to €402,962
- Tax, wage and social debts +€76,351
up €76,351 (+192%), from €39,692 to €116,042
of which Taxes: +€70,630
- Profit (loss) carried forward -€67,455
down €67,455 (-157%), from -€42,984 to -€110,438
- Trade debts -€24,281
down €24,281 (-26.1%), from €93,115 to €68,835
- Gross operating margin +€521,358
up €521,358 (+163%), from €320,507 to €841,866
- Taxes +€361,956
up €361,956 (+11,484%), from €3,152 to €365,108
- Other operating charges +€136,318
up €136,318 (+1,918%), from €7,108 to €143,426
- Financial charges +€25,010
up €25,010 (+70.2%), from €35,648 to €60,657
- Depreciation -€12,785
down €12,785 (-18.5%), from €69,177 to €56,392
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 | €2,246,626 | €1,765,005 | -€481,621 | -21.4% |
| Fixed assets | 21/28 | €242,761 | €186,369 | -€56,392 | -23.2% |
| Tangible fixed assets | 22/27 | €242,761 | €186,369 | -€56,392 | -23.2% |
| Land and buildings | 22 | €58,098 | €55,450 | -€2,648 | -4.6% |
| Plant, machinery and equipment | 23 | €3,303 | €3,000 | -€303 | -9.2% |
| Furniture and vehicles | 24 | €101,727 | €64,617 | -€37,110 | -36.5% |
| Other tangible fixed assets | 26 | €79,633 | €63,301 | -€16,332 | -20.5% |
| Current assets | 29/58 | €2,003,865 | €1,578,636 | -€425,229 | -21.2% |
| Stocks and contracts in progress | 3 | €1,089,138 | €1,307,623 | +€218,485 | +20.1% |
| Stocks | 30/36 | €1,089,138 | €1,307,623 | +€218,485 | +20.1% |
| Amounts receivable within one year | 40/41 | €256,891 | €124,398 | -€132,493 | -51.6% |
| Trade receivables | 40 | €77,899 | €109,234 | +€31,334 | +40.2% |
| Other amounts receivable | 41 | €178,992 | €15,164 | -€163,828 | -91.5% |
| Cash at bank and in hand | 54/58 | €647,499 | €138,370 | -€509,129 | -78.6% |
| Deferred charges and accrued income | 490/1 | €10,336 | €8,245 | -€2,091 | -20.2% |
| Total equity and liabilities | 10/49 | €2,246,626 | €1,765,005 | -€481,621 | -21.4% |
| Equity | 10/15 | €93,416 | €25,962 | -€67,455 | -72.2% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €12,400 | €12,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,400 | €12,400 | = | 0.0% |
| Legal reserve | 130 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,984 | -€110,438 | -€67,455 | -157% |
| Provisions and deferred taxes | 16 | €92,350 | €92,350 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €92,350 | €92,350 | = | 0.0% |
| Pensions and similar obligations | 160 | €92,350 | €92,350 | = | 0.0% |
| Amounts payable | 17/49 | €2,060,860 | €1,646,693 | -€414,167 | -20.1% |
| Amounts payable within one year | 42/48 | €2,060,860 | €1,646,693 | -€414,167 | -20.1% |
| Financial debts | 43 | €96 | €402,962 | +€402,866 | +419,783% |
| Credit institutions | 430/8 | €96 | €402,962 | +€402,866 | +419,783% |
| Trade debts | 44 | €93,115 | €68,835 | -€24,281 | -26.1% |
| Suppliers | 440/4 | €93,115 | €68,835 | -€24,281 | -26.1% |
| Advances received on contracts in progress | 46 | €56,275 | €46,125 | -€10,150 | -18.0% |
| Taxes, remuneration and social security | 45 | €39,692 | €116,042 | +€76,351 | +192% |
| Taxes | 450/3 | €13,963 | €84,593 | +€70,630 | +506% |
| Remuneration and social security | 454/9 | €25,729 | €31,449 | +€5,720 | +22.2% |
| Other amounts payable | 47/48 | €1,871,682 | €1,012,729 | -€858,952 | -45.9% |
| Non-recurring operating income | 76A | €4,336 | €1,633 | -€2,703 | -62.3% |
| Remuneration, social security and pensions | 62 | €289,893 | €292,073 | +€2,180 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,177 | €56,392 | -€12,785 | -18.5% |
| Other operating charges | 640/8 | €7,108 | €143,426 | +€136,318 | +1,918% |
| Gross operating margin | 9900 | €320,507 | €841,866 | +€521,358 | +163% |
| Operating profit (loss) | 9901 | -€45,670 | €349,975 | +€395,645 | |
| Financial income | 75/76B | €594 | €8,337 | +€7,743 | +1,304% |
| Recurring financial income | 75 | €594 | €8,337 | +€7,743 | +1,304% |
| Financial charges | 65/66B | €35,648 | €60,657 | +€25,010 | +70.2% |
| Recurring financial charges | 65 | €35,648 | €60,657 | +€25,010 | +70.2% |
| Profit (loss) for the period before taxes | 9903 | -€80,724 | €297,654 | +€378,378 | |
| Income taxes | 67/77 | €3,152 | €365,108 | +€361,956 | +11,484% |
| Profit (loss) for the period | 9904 | -€83,876 | -€67,455 | +€16,421 | +19.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€83,876 | -€67,455 | +€16,421 | +19.6% |
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 19 October 2026 via checked.be.