IMMO-FRANK: 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-FRANK
Largest movements
- Cash +€4,204
up €4,204 (+28.1%), from €14,943 to €19,147
mainly Net result for the year (+€7,835) and Depreciation (+€5,463)
- Tangible fixed assets -€2,763
down €2,763 (-2.7%), from €100,516 to €97,753
- Debts after one year -€11,366
down €11,366 (-18.1%), from €62,949 to €51,583
- Reserves +€7,800
up €7,800 (+520.0%), from €1,500 to €9,300
of which Distributable reserves: +€7,800
- Tax, wage and social debts +€4,011
up €4,011 (+117.5%), from €3,415 to €7,426
- Gross operating margin -€1,643
down €1,643 (-6.3%), from €26,179 to €24,536
- Taxes +€597
up €597 (+17.5%), from €3,415 to €4,012
- Financial charges -€526
down €526 (-12.8%), from €4,113 to €3,587
- Other operating charges +€497
up €497 (+15.8%), from €3,142 to €3,639
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.
Cash bridge derived
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 | €116,512 | €118,018 | +€1,506 | +1.3% |
| Fixed assets | 21/28 | €100,516 | €97,753 | -€2,763 | -2.7% |
| Tangible fixed assets | 22/27 | €100,516 | €97,753 | -€2,763 | -2.7% |
| Land and buildings | 22 | €100,516 | €97,753 | -€2,763 | -2.7% |
| Current assets | 29/58 | €15,996 | €20,265 | +€4,269 | +26.7% |
| Cash at bank and in hand | 54/58 | €14,943 | €19,147 | +€4,204 | +28.1% |
| Deferred charges and accrued income | 490/1 | €1,053 | €1,118 | +€65 | +6.2% |
| Total equity and liabilities | 10/49 | €116,512 | €118,018 | +€1,506 | +1.3% |
| Equity | 10/15 | €38,817 | €46,652 | +€7,835 | +20.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €1,500 | €9,300 | +€7,800 | +520.0% |
| Non-distributable reserves | 130/1 | €1,500 | €1,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,500 | €1,500 | = | 0.0% |
| Distributable reserves | 133 | - | €7,800 | +€7,800 | |
| Profit (loss) carried forward | 14 | €7,317 | €7,352 | +€35 | +0.5% |
| Amounts payable | 17/49 | €77,695 | €71,366 | -€6,329 | -8.1% |
| Amounts payable after more than one year | 17 | €62,949 | €51,583 | -€11,366 | -18.1% |
| Financial debts | 170/4 | €62,949 | €51,583 | -€11,366 | -18.1% |
| Amounts payable within one year | 42/48 | €14,746 | €19,183 | +€4,437 | +30.1% |
| Current portion of amounts payable after more than one year | 42 | €10,813 | €11,366 | +€553 | +5.1% |
| Trade debts | 44 | €127 | - | -€127 | |
| Suppliers | 440/4 | €127 | - | -€127 | |
| Taxes, remuneration and social security | 45 | €3,415 | €7,426 | +€4,011 | +117.5% |
| Taxes | 450/3 | €3,415 | €7,426 | +€4,011 | +117.5% |
| Other amounts payable | 47/48 | €391 | €391 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €600 | +€600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,220 | €5,463 | +€243 | +4.7% |
| Other operating charges | 640/8 | €3,142 | €3,639 | +€497 | +15.8% |
| Gross operating margin | 9900 | €26,179 | €24,536 | -€1,643 | -6.3% |
| Operating profit (loss) | 9901 | €17,817 | €15,434 | -€2,383 | -13.4% |
| Financial charges | 65/66B | €4,113 | €3,587 | -€526 | -12.8% |
| Recurring financial charges | 65 | €4,113 | €3,587 | -€526 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €13,704 | €11,847 | -€1,857 | -13.6% |
| Income taxes | 67/77 | €3,415 | €4,012 | +€597 | +17.5% |
| Profit (loss) for the period | 9904 | €10,289 | €7,835 | -€2,454 | -23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,289 | €7,835 | -€2,454 | -23.9% |
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 9 October 2026 via checked.be.