IMMO - FRERES: 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 - FRERES
Largest movements
- Tangible fixed assets -€40,174
down €40,174 (-9.0%), from €448,255 to €408,081
of which Plant, machinery and equipment: -€20,674
- Cash +€12,854
up €12,854 (+27.6%), from €46,528 to €59,382
mainly Net result for the year (+€57,640) and Depreciation (+€44,028)
- Debts after one year -€112,058
down €112,058 (-21.5%), from €522,178 to €410,120
of which Other amounts payable: -€77,260
- Profit (loss) carried forward +€57,640
up €57,640 (+35.6%), from -€162,013 to -€104,373
- Tax, wage and social debts +€22,176
up €22,176 (+1221.1%), from €1,816 to €23,992
- Turnover +€23,558
up €23,558 (+13.1%), from €180,389 to €203,947
- Taxes +€20,360
up €20,360 (+1121.1%), from €1,816 to €22,176
- Gross operating margin +€16,905
up €16,905 (+12.3%), from €137,662 to €154,567
- Purchases and services +€6,614
up €6,614 (+15.5%), from €42,766 to €49,380
- Financial income +€2,513
up €2,513 (+1060.3%), from €237 to €2,750
of which Non-recurring financial income: +€2,256
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 | €534,654 | €507,334 | -€27,320 | -5.1% |
| Fixed assets | 21/28 | €448,255 | €408,081 | -€40,174 | -9.0% |
| Tangible fixed assets | 22/27 | €448,255 | €408,081 | -€40,174 | -9.0% |
| Land and buildings | 22 | €383,216 | €363,716 | -€19,500 | -5.1% |
| Plant, machinery and equipment | 23 | €65,039 | €44,365 | -€20,674 | -31.8% |
| Current assets | 29/58 | €86,399 | €99,253 | +€12,854 | +14.9% |
| Amounts receivable within one year | 40/41 | €15,256 | €15,256 | = | 0.0% |
| Trade receivables | 40 | €15,256 | €15,256 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €46,528 | €59,382 | +€12,854 | +27.6% |
| Deferred charges and accrued income | 490/1 | €24,615 | €24,615 | = | 0.0% |
| Total equity and liabilities | 10/49 | €534,654 | €507,334 | -€27,320 | -5.1% |
| Equity | 10/15 | -€56,162 | €1,478 | +€57,640 | |
| Contributions | 10/11 | €105,851 | €105,851 | = | 0.0% |
| Capital | 10 | €105,851 | €105,851 | = | 0.0% |
| Issued capital | 100 | €105,851 | €105,851 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€162,013 | -€104,373 | +€57,640 | +35.6% |
| Amounts payable | 17/49 | €590,816 | €505,856 | -€84,960 | -14.4% |
| Amounts payable after more than one year | 17 | €522,178 | €410,120 | -€112,058 | -21.5% |
| Financial debts | 170/4 | €206,460 | €171,662 | -€34,798 | -16.9% |
| Other amounts payable | 178/9 | €315,718 | €238,458 | -€77,260 | -24.5% |
| Amounts payable within one year | 42/48 | €68,638 | €95,736 | +€27,098 | +39.5% |
| Current portion of amounts payable after more than one year | 42 | €34,126 | €34,798 | +€672 | +2.0% |
| Trade debts | 44 | €1,361 | €1,011 | -€350 | -25.7% |
| Suppliers | 440/4 | €1,361 | €1,011 | -€350 | -25.7% |
| Taxes, remuneration and social security | 45 | €1,816 | €23,992 | +€22,176 | +1221.1% |
| Taxes | 450/3 | €1,816 | €23,992 | +€22,176 | +1221.1% |
| Other amounts payable | 47/48 | €31,335 | €35,935 | +€4,600 | +14.7% |
| Turnover | 70 | €180,389 | €203,947 | +€23,558 | +13.1% |
| Non-recurring operating income | 76A | €39 | - | -€39 | |
| Goods, raw materials, services and sundry goods | 60/61 | €42,766 | €49,380 | +€6,614 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,304 | €44,028 | -€276 | -0.6% |
| Other operating charges | 640/8 | €29,116 | €28,960 | -€156 | -0.5% |
| Gross operating margin | 9900 | €137,662 | €154,567 | +€16,905 | +12.3% |
| Operating profit (loss) | 9901 | €64,242 | €81,579 | +€17,337 | +27.0% |
| Financial income | 75/76B | €237 | €2,750 | +€2,513 | +1060.3% |
| Recurring financial income | 75 | €237 | €494 | +€257 | +108.4% |
| Non-recurring financial income | 76B | - | €2,256 | +€2,256 | |
| Financial charges | 65/66B | €5,213 | €4,513 | -€700 | -13.4% |
| Recurring financial charges | 65 | €5,213 | €4,513 | -€700 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €59,266 | €79,816 | +€20,550 | +34.7% |
| Income taxes | 67/77 | €1,816 | €22,176 | +€20,360 | +1121.1% |
| Profit (loss) for the period | 9904 | €57,450 | €57,640 | +€190 | +0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €57,450 | €57,640 | +€190 | +0.3% |
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.