IMMO FRANCO: what changed
IMMO FRANCO
Largest movements
- Tangible fixed assets +€591,522
up €591,522 (+33.4%), from €1.8m to €2.4m
of which Land and buildings: +€618,579
- Receivables within one year -€37,486
down €37,486 (-51.7%), from €72,486 to €35,000
- Debts after one year +€559,705
up €559,705 (+29.8%), from €1.9m to €2.4m
of which Financial debts: +€491,191
- Profit (loss) carried forward -€54,034
down €54,034 (-485%), from -€11,141 to -€65,174
- Current portion of long-term debt +€34,736
up €34,736 (+54.4%), from €63,898 to €98,634
- Gross operating margin -€32,271
down €32,271 (-24.0%), from €134,381 to €102,110
- Other operating charges +€13,833
up €13,833 (+340%), from €4,065 to €17,898
- Financial charges +€11,592
up €11,592 (+45.9%), from €25,277 to €36,868
- Depreciation +€8,428
up €8,428 (+9.4%), from €89,950 to €98,378
- Write-downs +€3,000
new in 2025: €3,000
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,993,695 | €2,543,505 | +€549,810 | +27.6% |
| Fixed assets | 21/28 | €1,773,236 | €2,364,758 | +€591,522 | +33.4% |
| Tangible fixed assets | 22/27 | €1,773,236 | €2,364,758 | +€591,522 | +33.4% |
| Land and buildings | 22 | €1,590,666 | €2,209,245 | +€618,579 | +38.9% |
| Furniture and vehicles | 24 | €182,570 | €155,513 | -€27,057 | -14.8% |
| Current assets | 29/58 | €220,459 | €178,747 | -€41,712 | -18.9% |
| Amounts receivable within one year | 40/41 | €72,486 | €35,000 | -€37,486 | -51.7% |
| Other amounts receivable | 41 | €72,486 | €35,000 | -€37,486 | -51.7% |
| Cash at bank and in hand | 54/58 | €3,663 | €6,106 | +€2,442 | +66.7% |
| Deferred charges and accrued income | 490/1 | €144,310 | €137,641 | -€6,668 | -4.6% |
| Total equity and liabilities | 10/49 | €1,993,695 | €2,543,505 | +€549,810 | +27.6% |
| Equity | 10/15 | €13,859 | -€40,174 | -€54,034 | |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,141 | -€65,174 | -€54,034 | -485% |
| Amounts payable | 17/49 | €1,979,835 | €2,583,679 | +€603,844 | +30.5% |
| Amounts payable after more than one year | 17 | €1,877,043 | €2,436,748 | +€559,705 | +29.8% |
| Financial debts | 170/4 | €663,646 | €1,154,837 | +€491,191 | +74.0% |
| Other amounts payable | 178/9 | €1,213,397 | €1,281,911 | +€68,514 | +5.6% |
| Amounts payable within one year | 42/48 | €102,792 | €146,931 | +€44,139 | +42.9% |
| Current portion of amounts payable after more than one year | 42 | €63,898 | €98,634 | +€34,736 | +54.4% |
| Trade debts | 44 | - | €9,153 | +€9,153 | |
| Suppliers | 440/4 | - | €9,153 | +€9,153 | |
| Other amounts payable | 47/48 | €38,894 | €39,144 | +€251 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,950 | €98,378 | +€8,428 | +9.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,000 | +€3,000 | |
| Other operating charges | 640/8 | €4,065 | €17,898 | +€13,833 | +340% |
| Gross operating margin | 9900 | €134,381 | €102,110 | -€32,271 | -24.0% |
| Operating profit (loss) | 9901 | €40,366 | -€17,166 | -€57,532 | |
| Financial charges | 65/66B | €25,277 | €36,868 | +€11,592 | +45.9% |
| Recurring financial charges | 65 | €25,277 | €36,868 | +€11,592 | +45.9% |
| Profit (loss) for the period before taxes | 9903 | €15,090 | -€54,034 | -€69,123 | |
| Profit (loss) for the period | 9904 | €15,090 | -€54,034 | -€69,123 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,090 | -€54,034 | -€69,123 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.