IMMO FREYLINGER: 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 FREYLINGER
Largest movements
- Tangible fixed assets +€538,316
up €538,316 (+43.8%), from €1.2m to €1.8m
of which Land and buildings: +€541,174
- Cash +€84,743
up €84,743 (+641%), from €13,215 to €97,958
mainly Debts after one year (+€598,110) and Depreciation (+€117,327)
- Debts after one year +€598,110
up €598,110 (+74.5%), from €803,250 to €1.4m
of which Financial debts: +€398,055
- Current portion of long-term debt +€33,717
up €33,717 (+37.4%), from €90,227 to €123,945
- Depreciation +€63,492
up €63,492 (+118%), from €53,835 to €117,327
- Turnover +€23,597
up €23,597 (+14.6%), from €161,317 to €184,914
- Gross operating margin +€15,191
up €15,191 (+10.4%), from €146,357 to €161,548
- Taxes -€11,022
down €11,022 (-60.6%), from €18,190 to €7,168
- Other operating charges +€2,346
up €2,346 (+22.4%), from €10,452 to €12,798
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 | €1,267,572 | €1,895,088 | +€627,516 | +49.5% |
| Fixed assets | 21/28 | €1,228,965 | €1,767,280 | +€538,316 | +43.8% |
| Tangible fixed assets | 22/27 | €1,228,965 | €1,767,280 | +€538,316 | +43.8% |
| Land and buildings | 22 | €1,207,867 | €1,749,041 | +€541,174 | +44.8% |
| Furniture and vehicles | 24 | €21,098 | €18,239 | -€2,858 | -13.5% |
| Current assets | 29/58 | €38,608 | €127,808 | +€89,200 | +231% |
| Amounts receivable within one year | 40/41 | €0 | €1,150 | +€1,150 | |
| Trade receivables | 40 | €0 | €1,150 | +€1,150 | |
| Cash at bank and in hand | 54/58 | €13,215 | €97,958 | +€84,743 | +641% |
| Deferred charges and accrued income | 490/1 | €25,393 | €28,699 | +€3,307 | +13.0% |
| Total equity and liabilities | 10/49 | €1,267,572 | €1,895,088 | +€627,516 | +49.5% |
| Equity | 10/15 | €279,607 | €287,946 | +€8,340 | +3.0% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €4,500 | €4,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,500 | €4,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €230,107 | €238,446 | +€8,340 | +3.6% |
| Amounts payable | 17/49 | €987,966 | €1,607,142 | +€619,176 | +62.7% |
| Amounts payable after more than one year | 17 | €803,250 | €1,401,360 | +€598,110 | +74.5% |
| Financial debts | 170/4 | €656,617 | €1,054,672 | +€398,055 | +60.6% |
| Other amounts payable | 178/9 | €146,633 | €346,687 | +€200,055 | +136% |
| Amounts payable within one year | 42/48 | €182,216 | €203,282 | +€21,066 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | €90,227 | €123,945 | +€33,717 | +37.4% |
| Trade debts | 44 | €473 | €3,744 | +€3,271 | +691% |
| Suppliers | 440/4 | €473 | €3,744 | +€3,271 | +691% |
| Taxes, remuneration and social security | 45 | €17,694 | €6,672 | -€11,022 | -62.3% |
| Taxes | 450/3 | €17,694 | €6,672 | -€11,022 | -62.3% |
| Other amounts payable | 47/48 | €73,821 | €68,921 | -€4,900 | -6.6% |
| Accrued charges and deferred income | 492/3 | €2,500 | €2,500 | = | 0.0% |
| Turnover | 70 | €161,317 | €184,914 | +€23,597 | +14.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €24,500 | €23,366 | -€1,134 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,835 | €117,327 | +€63,492 | +118% |
| Other operating charges | 640/8 | €10,452 | €12,798 | +€2,346 | +22.4% |
| Non-recurring operating charges | 66A | - | €55 | +€55 | |
| Gross operating margin | 9900 | €146,357 | €161,548 | +€15,191 | +10.4% |
| Operating profit (loss) | 9901 | €82,070 | €31,368 | -€50,702 | -61.8% |
| Financial income | 75/76B | €95 | - | -€95 | |
| Recurring financial income | 75 | €95 | - | -€95 | |
| Financial charges | 65/66B | €15,412 | €15,860 | +€449 | +2.9% |
| Recurring financial charges | 65 | €15,412 | €15,860 | +€449 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €66,752 | €15,508 | -€51,245 | -76.8% |
| Income taxes | 67/77 | €18,190 | €7,168 | -€11,022 | -60.6% |
| Profit (loss) for the period | 9904 | €48,562 | €8,340 | -€40,223 | -82.8% |
| Profit (loss) for the period to be appropriated | 9905 | €48,562 | €8,340 | -€40,223 | -82.8% |
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 24 October 2026 via checked.be.