IMMO FRED: 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 FRED
Largest movements
- Tangible fixed assets -€55,792
down €55,792 (-2.2%), from €2.5m to €2.4m
of which Land and buildings: -€49,816
- Profit (loss) carried forward +€92,018
up €92,018 (+93.8%), from -€98,139 to -€6,121
- Debts after one year -€79,563
down €79,563 (-3.7%), from €2.1m to €2.1m
of which Other amounts payable: -€58,775
- Trade debts -€53,841
down €53,841 (-80.6%), from €66,761 to €12,920
- Tax, wage and social debts -€39,321
down €39,321 (-95.5%), from €41,191 to €1,870
of which Taxes: -€38,960
- Financial charges -€127,720
down €127,720 (-98.2%), from €130,006 to €2,287
- Depreciation +€48,758
up €48,758 (+30.5%), from €159,609 to €208,367
- Gross operating margin +€46,952
up €46,952 (+17.7%), from €265,724 to €312,676
- Financial income -€11,217
down €11,217 (-98.8%), from €11,358 to €141
of which Non-recurring financial income: -€10,000
- Staff costs -€7,075
down €7,075 (-99.0%), from €7,143 to €68
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 | €2,990,651 | €2,896,214 | -€94,436 | -3.2% |
| Fixed assets | 21/28 | €2,865,781 | €2,792,489 | -€73,292 | -2.6% |
| Intangible fixed assets | 21 | €38,932 | €21,432 | -€17,500 | -45.0% |
| Tangible fixed assets | 22/27 | €2,496,491 | €2,440,699 | -€55,792 | -2.2% |
| Land and buildings | 22 | €2,479,076 | €2,429,260 | -€49,816 | -2.0% |
| Furniture and vehicles | 24 | €17,415 | €11,439 | -€5,976 | -34.3% |
| Financial fixed assets | 28 | €330,358 | €330,358 | = | 0.0% |
| Current assets | 29/58 | €124,870 | €103,726 | -€21,144 | -16.9% |
| Amounts receivable within one year | 40/41 | €60,729 | €32,977 | -€27,752 | -45.7% |
| Trade receivables | 40 | €55,949 | €32,718 | -€23,230 | -41.5% |
| Other amounts receivable | 41 | €4,781 | €259 | -€4,522 | -94.6% |
| Cash at bank and in hand | 54/58 | €61,399 | €69,798 | +€8,399 | +13.7% |
| Deferred charges and accrued income | 490/1 | €2,742 | €950 | -€1,792 | -65.3% |
| Total equity and liabilities | 10/49 | €2,990,651 | €2,896,214 | -€94,436 | -3.2% |
| Equity | 10/15 | €711,861 | €803,879 | +€92,018 | +12.9% |
| Contributions | 10/11 | €810,000 | €810,000 | = | 0.0% |
| Capital | 10 | €810,000 | €810,000 | = | 0.0% |
| Issued capital | 100 | €810,000 | €810,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€98,139 | -€6,121 | +€92,018 | +93.8% |
| Amounts payable | 17/49 | €2,278,789 | €2,092,335 | -€186,454 | -8.2% |
| Amounts payable after more than one year | 17 | €2,136,300 | €2,056,736 | -€79,563 | -3.7% |
| Financial debts | 170/4 | €220,148 | €199,359 | -€20,788 | -9.4% |
| Other amounts payable | 178/9 | €1,916,152 | €1,857,377 | -€58,775 | -3.1% |
| Amounts payable within one year | 42/48 | €142,490 | €35,578 | -€106,912 | -75.0% |
| Current portion of amounts payable after more than one year | 42 | €34,475 | €20,788 | -€13,687 | -39.7% |
| Trade debts | 44 | €66,761 | €12,920 | -€53,841 | -80.6% |
| Suppliers | 440/4 | €66,761 | €12,920 | -€53,841 | -80.6% |
| Taxes, remuneration and social security | 45 | €41,191 | €1,870 | -€39,321 | -95.5% |
| Taxes | 450/3 | €40,830 | €1,870 | -€38,960 | -95.4% |
| Remuneration and social security | 454/9 | €361 | - | -€361 | |
| Other amounts payable | 47/48 | €63 | - | -€63 | |
| Accrued charges and deferred income | 492/3 | - | €21 | +€21 | |
| Remuneration, social security and pensions | 62 | €7,143 | €68 | -€7,075 | -99.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €159,609 | €208,367 | +€48,758 | +30.5% |
| Other operating charges | 640/8 | €8,479 | €9,857 | +€1,379 | +16.3% |
| Gross operating margin | 9900 | €265,724 | €312,676 | +€46,952 | +17.7% |
| Operating profit (loss) | 9901 | €90,494 | €94,384 | +€3,890 | +4.3% |
| Financial income | 75/76B | €11,358 | €141 | -€11,217 | -98.8% |
| Recurring financial income | 75 | €1,358 | €141 | -€1,217 | -89.6% |
| Non-recurring financial income | 76B | €10,000 | - | -€10,000 | |
| Financial charges | 65/66B | €130,006 | €2,287 | -€127,720 | -98.2% |
| Recurring financial charges | 65 | €130,006 | €2,287 | -€127,720 | -98.2% |
| Profit (loss) for the period before taxes | 9903 | -€28,154 | €92,238 | +€120,393 | |
| Income taxes | 67/77 | €226 | €220 | -€5 | -2.3% |
| Profit (loss) for the period | 9904 | -€28,380 | €92,018 | +€120,398 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,380 | €92,018 | +€120,398 |
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 14 October 2026 via checked.be.