IMMO FREREDGE: 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 FREREDGE
Largest movements
- Tangible fixed assets -€5,046
down €5,046 (-9.0%), from €56,343 to €51,297
- Cash -€3,874
down €3,874 (-12.8%), from €30,277 to €26,402
mainly Net result for the year (-€4,267) and Trade debts (-€3,011)
- Profit (loss) carried forward -€4,267
down €4,267 (-43.7%), from €9,764 to €5,497
- Trade debts -€3,011
no longer reported in 2025 (was €3,011)
- Tax, wage and social debts -€1,190
down €1,190 (-33.0%), from €3,606 to €2,416
- Other operating charges -€2,211
down €2,211 (-41.5%), from €5,333 to €3,122
- Gross operating margin -€1,046
down €1,046 (-16.7%), from €6,266 to €5,220
- Depreciation -€260
down €260 (-4.9%), from €5,306 to €5,046
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 | €88,063 | €79,661 | -€8,402 | -9.5% |
| Fixed assets | 21/28 | €56,343 | €51,297 | -€5,046 | -9.0% |
| Tangible fixed assets | 22/27 | €56,343 | €51,297 | -€5,046 | -9.0% |
| Land and buildings | 22 | €56,343 | €51,297 | -€5,046 | -9.0% |
| Current assets | 29/58 | €31,720 | €28,364 | -€3,356 | -10.6% |
| Cash at bank and in hand | 54/58 | €30,277 | €26,402 | -€3,874 | -12.8% |
| Deferred charges and accrued income | 490/1 | €1,443 | €1,961 | +€518 | +35.9% |
| Total equity and liabilities | 10/49 | €88,063 | €79,661 | -€8,402 | -9.5% |
| Equity | 10/15 | €79,860 | €75,593 | -€4,267 | -5.3% |
| Contributions | 10/11 | €44,062 | €44,062 | = | 0.0% |
| Reserves | 13 | €26,034 | €26,034 | = | 0.0% |
| Distributable reserves | 133 | €26,034 | €26,034 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,764 | €5,497 | -€4,267 | -43.7% |
| Amounts payable | 17/49 | €8,203 | €4,068 | -€4,135 | -50.4% |
| Amounts payable within one year | 42/48 | €8,203 | €4,068 | -€4,135 | -50.4% |
| Trade debts | 44 | €3,011 | - | -€3,011 | |
| Suppliers | 440/4 | €3,011 | - | -€3,011 | |
| Taxes, remuneration and social security | 45 | €3,606 | €2,416 | -€1,190 | -33.0% |
| Taxes | 450/3 | €3,606 | €2,416 | -€1,190 | -33.0% |
| Other amounts payable | 47/48 | €1,586 | €1,652 | +€66 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,306 | €5,046 | -€260 | -4.9% |
| Other operating charges | 640/8 | €5,333 | €3,122 | -€2,211 | -41.5% |
| Gross operating margin | 9900 | €6,266 | €5,220 | -€1,046 | -16.7% |
| Operating profit (loss) | 9901 | -€4,374 | -€2,948 | +€1,426 | +32.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €77 | €86 | +€10 | +12.5% |
| Recurring financial charges | 65 | €77 | €86 | +€10 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,450 | -€3,034 | +€1,416 | +31.8% |
| Income taxes | 67/77 | €1,183 | €1,233 | +€50 | +4.2% |
| Profit (loss) for the period | 9904 | -€5,633 | -€4,267 | +€1,366 | +24.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,633 | -€4,267 | +€1,366 | +24.2% |
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 12 October 2026 via checked.be.