IMMO FRANCKAERT: 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.
What changed
IMMO FRANCKAERT
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€12,692
2024 · €3,373-€16,065
Equity
€1.3m
2024 · €1.3m-€12,693
Cash
€20,903
2024 · €25,924-€5,021
Balance sheet total
€1.4m
2024 · €1.4m-€35,409
Largest movements
Assets
- Tangible fixed assets -€39,893
down €39,893 (-2.8%), from €1.4m to €1.4m
of which Land and buildings: -€43,786
Equity and liabilities
- Other debts -€24,920
down €24,920 (-41.2%), from €60,477 to €35,557
Income statement
- Gross operating margin -€20,777
down €20,777 (-33.4%), from €62,229 to €41,452
- Taxes -€5,293
no longer reported in 2025 (was €5,293)
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.
Result 2024
€3,373
Gross operating margin
-€20,777
Depreciation
-€224
Other operating charges
-€364
Financial income
+€18
Financial charges
-€11
Taxes
+€5,293
Result 2025
-€12,692
raises the resultlowers the result
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.
From operations
-€1,044
Investment
-€3,976
Financing
-€1
Cash 2024
€25,924
From operations (derived)
-€1,044
Net result for the year
-€12,692
Depreciation
+€43,869
Receivables within one year
-€9,505
Provisions
-€2,461
Trade debts
+€5,054
Tax, wage and social debts
-€429
Other debts
-€24,920
Accrued charges and deferred income
+€40
Investment (derived)
-€3,976
Investment in fixed assets (net)
-€3,976
Financing
-€1
Contributions, distributions and other
-€1
Cash 2025
€20,903
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,449,750 | €1,414,341 | -€35,409 | -2.4% |
| Fixed assets | 21/28 | €1,423,826 | €1,383,933 | -€39,893 | -2.8% |
| Tangible fixed assets | 22/27 | €1,423,826 | €1,383,933 | -€39,893 | -2.8% |
| Land and buildings | 22 | €1,422,979 | €1,379,193 | -€43,786 | -3.1% |
| Plant, machinery and equipment | 23 | €847 | €4,740 | +€3,893 | +460% |
| Current assets | 29/58 | €25,924 | €30,408 | +€4,484 | +17.3% |
| Amounts receivable within one year | 40/41 | - | €9,505 | +€9,505 | |
| Trade receivables | 40 | - | €4,500 | +€4,500 | |
| Other amounts receivable | 41 | - | €5,005 | +€5,005 | |
| Cash at bank and in hand | 54/58 | €25,924 | €20,903 | -€5,021 | -19.4% |
| Total equity and liabilities | 10/49 | €1,449,750 | €1,414,341 | -€35,409 | -2.4% |
| Equity | 10/15 | €1,312,888 | €1,300,195 | -€12,693 | -1.0% |
| Contributions | 10/11 | €926,500 | €926,500 | = | 0.0% |
| Capital | 10 | €926,500 | €926,500 | = | 0.0% |
| Issued capital | 100 | €926,500 | €926,500 | = | 0.0% |
| Reserves | 13 | €386,388 | €379,003 | -€7,385 | -1.9% |
| Non-distributable reserves | 130/1 | €92,650 | €92,650 | = | 0.0% |
| Legal reserve | 130 | €92,650 | €92,650 | = | 0.0% |
| Tax-exempt reserves | 132 | €216,612 | €209,228 | -€7,384 | -3.4% |
| Distributable reserves | 133 | €77,126 | €77,125 | -€1 | 0.0% |
| Profit (loss) carried forward | 14 | - | -€5,308 | -€5,308 | |
| Provisions and deferred taxes | 16 | €72,204 | €69,743 | -€2,461 | -3.4% |
| Deferred taxes | 168 | €72,204 | €69,743 | -€2,461 | -3.4% |
| Amounts payable | 17/49 | €64,658 | €44,403 | -€20,255 | -31.3% |
| Amounts payable within one year | 42/48 | €63,692 | €43,397 | -€20,295 | -31.9% |
| Trade debts | 44 | - | €5,054 | +€5,054 | |
| Suppliers | 440/4 | - | €5,054 | +€5,054 | |
| Taxes, remuneration and social security | 45 | €3,215 | €2,786 | -€429 | -13.3% |
| Taxes | 450/3 | €3,215 | €2,786 | -€429 | -13.3% |
| Other amounts payable | 47/48 | €60,477 | €35,557 | -€24,920 | -41.2% |
| Accrued charges and deferred income | 492/3 | €966 | €1,006 | +€40 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,645 | €43,869 | +€224 | +0.5% |
| Other operating charges | 640/8 | €12,226 | €12,590 | +€364 | +3.0% |
| Gross operating margin | 9900 | €62,229 | €41,452 | -€20,777 | -33.4% |
| Operating profit (loss) | 9901 | €6,358 | -€15,007 | -€21,365 | |
| Financial income | 75/76B | - | €18 | +€18 | |
| Recurring financial income | 75 | - | €18 | +€18 | |
| Financial charges | 65/66B | €154 | €165 | +€11 | +7.1% |
| Recurring financial charges | 65 | €154 | €165 | +€11 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €6,204 | -€15,154 | -€21,358 | |
| Transfer from deferred taxes | 780 | €2,462 | €2,462 | = | 0.0% |
| Income taxes | 67/77 | €5,293 | - | -€5,293 | |
| Profit (loss) for the period | 9904 | €3,373 | -€12,692 | -€16,065 | |
| Transfer from tax-exempt reserves | 789 | €7,384 | €7,384 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,757 | -€5,308 | -€16,065 |
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 30 October 2026 via checked.be.