Immo Frati: 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 Frati
Largest movements
- Cash +€23,525
up €23,525 (+2,597%), from €906 to €24,431
mainly Other debts (+€19,651) and Net result for the year (+€11,543)
- Receivables within one year -€3,002
down €3,002 (-24.1%), from €12,434 to €9,433
of which Trade receivables: -€2,982
- Tangible fixed assets -€605
down €605 (-73.1%), from €827 to €223
- Other debts +€19,651
up €19,651 (+24.7%), from €79,688 to €99,338
- Profit (loss) carried forward +€11,543
up €11,543 (+7.7%), from -€149,472 to -€137,929
- Tax, wage and social debts -€5,614
down €5,614 (-59.7%), from €9,397 to €3,783
- Trade debts -€3,661
down €3,661 (-97.0%), from €3,774 to €113
- Debts after one year -€2,000
down €2,000 (-13.3%), from €15,000 to €13,000
- Gross operating margin -€19,436
down €19,436 (-55.7%), from €34,919 to €15,483
- Other operating charges -€2,191
down €2,191 (-67.1%), from €3,267 to €1,076
- Taxes -€736
down €736 (-48.7%), from €1,512 to €776
- Financial charges +€604
up €604 (+68.8%), from €879 to €1,483
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 | €14,167 | €34,086 | +€19,919 | +141% |
| Fixed assets | 21/28 | €827 | €223 | -€605 | -73.1% |
| Tangible fixed assets | 22/27 | €827 | €223 | -€605 | -73.1% |
| Furniture and vehicles | 24 | €827 | €223 | -€605 | -73.1% |
| Current assets | 29/58 | €13,340 | €33,864 | +€20,523 | +154% |
| Amounts receivable within one year | 40/41 | €12,434 | €9,433 | -€3,002 | -24.1% |
| Trade receivables | 40 | €5,080 | €2,098 | -€2,982 | -58.7% |
| Other amounts receivable | 41 | €7,354 | €7,334 | -€20 | -0.3% |
| Cash at bank and in hand | 54/58 | €906 | €24,431 | +€23,525 | +2,597% |
| Total equity and liabilities | 10/49 | €14,167 | €34,086 | +€19,919 | +141% |
| Equity | 10/15 | -€93,691 | -€82,148 | +€11,543 | +12.3% |
| Contributions | 10/11 | €51,250 | €51,250 | = | 0.0% |
| Reserves | 13 | €4,531 | €4,531 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €4,531 | €4,531 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€149,472 | -€137,929 | +€11,543 | +7.7% |
| Amounts payable | 17/49 | €107,859 | €116,235 | +€8,376 | +7.8% |
| Amounts payable after more than one year | 17 | €15,000 | €13,000 | -€2,000 | -13.3% |
| Other amounts payable | 178/9 | €15,000 | €13,000 | -€2,000 | -13.3% |
| Amounts payable within one year | 42/48 | €92,859 | €103,235 | +€10,376 | +11.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €3,774 | €113 | -€3,661 | -97.0% |
| Suppliers | 440/4 | €3,774 | €113 | -€3,661 | -97.0% |
| Taxes, remuneration and social security | 45 | €9,397 | €3,783 | -€5,614 | -59.7% |
| Taxes | 450/3 | €9,397 | €3,783 | -€5,614 | -59.7% |
| Other amounts payable | 47/48 | €79,688 | €99,338 | +€19,651 | +24.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €605 | €605 | +€0 | 0.0% |
| Other operating charges | 640/8 | €3,267 | €1,076 | -€2,191 | -67.1% |
| Gross operating margin | 9900 | €34,919 | €15,483 | -€19,436 | -55.7% |
| Operating profit (loss) | 9901 | €31,047 | €13,802 | -€17,245 | -55.5% |
| Financial income | 75/76B | €112 | €0 | -€112 | -100.0% |
| Recurring financial income | 75 | €112 | €0 | -€112 | -100.0% |
| Financial charges | 65/66B | €879 | €1,483 | +€604 | +68.8% |
| Recurring financial charges | 65 | €879 | €1,483 | +€604 | +68.8% |
| Profit (loss) for the period before taxes | 9903 | €30,280 | €12,319 | -€17,961 | -59.3% |
| Income taxes | 67/77 | €1,512 | €776 | -€736 | -48.7% |
| Profit (loss) for the period | 9904 | €28,768 | €11,543 | -€17,225 | -59.9% |
| Profit (loss) for the period to be appropriated | 9905 | €28,768 | €11,543 | -€17,225 | -59.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.