IMMO FRIUL: 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 FRIUL
Largest movements
- Tangible fixed assets +€387,091
up €387,091 (+113%), from €342,133 to €729,225
of which Land and buildings: +€387,436
- Cash -€61,146
down €61,146 (-96.3%), from €63,462 to €2,317
mainly Investment in fixed assets (net) (-€412,800) and Tax, wage and social debts (-€7,271)
- Receivables within one year -€17,477
down €17,477 (-87.2%), from €20,041 to €2,564
of which Trade receivables: -€17,477
- Debts after one year +€182,855
up €182,855 (+85.3%), from €214,432 to €397,287
- Other debts +€119,500
up €119,500 (+126%), from €94,487 to €213,987
- Current portion of long-term debt +€12,074
up €12,074 (+82.5%), from €14,637 to €26,710
- Gross operating margin +€13,937
up €13,937 (+41.6%), from €33,538 to €47,474
- Depreciation +€9,652
up €9,652 (+60.1%), from €16,057 to €25,709
- Financial charges +€7,131
up €7,131 (+134%), from €5,319 to €12,450
- Other operating charges +€1,056
up €1,056 (+13.5%), from €7,824 to €8,879
- Taxes -€968
down €968 (-89.2%), from €1,085 to €117
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 | €426,859 | €734,646 | +€307,787 | +72.1% |
| Fixed assets | 21/28 | €342,133 | €729,225 | +€387,091 | +113% |
| Tangible fixed assets | 22/27 | €342,133 | €729,225 | +€387,091 | +113% |
| Land and buildings | 22 | €330,684 | €718,121 | +€387,436 | +117% |
| Furniture and vehicles | 24 | €11,449 | €11,104 | -€345 | -3.0% |
| Current assets | 29/58 | €84,726 | €5,422 | -€79,304 | -93.6% |
| Amounts receivable within one year | 40/41 | €20,041 | €2,564 | -€17,477 | -87.2% |
| Trade receivables | 40 | €18,200 | €723 | -€17,477 | -96.0% |
| Other amounts receivable | 41 | €1,841 | €1,840 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €63,462 | €2,317 | -€61,146 | -96.3% |
| Deferred charges and accrued income | 490/1 | €1,223 | €541 | -€682 | -55.8% |
| Total equity and liabilities | 10/49 | €426,859 | €734,646 | +€307,787 | +72.1% |
| Equity | 10/15 | €91,325 | €91,645 | +€320 | +0.4% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €36,859 | €36,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,268 | €48,588 | +€320 | +0.7% |
| Amounts payable | 17/49 | €335,535 | €643,001 | +€307,467 | +91.6% |
| Amounts payable after more than one year | 17 | €214,432 | €397,287 | +€182,855 | +85.3% |
| Financial debts | 170/4 | €214,432 | €397,287 | +€182,855 | +85.3% |
| Amounts payable within one year | 42/48 | €119,953 | €243,814 | +€123,862 | +103% |
| Current portion of amounts payable after more than one year | 42 | €14,637 | €26,710 | +€12,074 | +82.5% |
| Trade debts | 44 | €3,442 | €3,000 | -€441 | -12.8% |
| Suppliers | 440/4 | €3,442 | €3,000 | -€441 | -12.8% |
| Taxes, remuneration and social security | 45 | €7,387 | €117 | -€7,271 | -98.4% |
| Taxes | 450/3 | €7,387 | €117 | -€7,271 | -98.4% |
| Other amounts payable | 47/48 | €94,487 | €213,987 | +€119,500 | +126% |
| Accrued charges and deferred income | 492/3 | €1,150 | €1,900 | +€750 | +65.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,057 | €25,709 | +€9,652 | +60.1% |
| Other operating charges | 640/8 | €7,824 | €8,879 | +€1,056 | +13.5% |
| Gross operating margin | 9900 | €33,538 | €47,474 | +€13,937 | +41.6% |
| Operating profit (loss) | 9901 | €9,657 | €12,887 | +€3,229 | +33.4% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €5,319 | €12,450 | +€7,131 | +134% |
| Recurring financial charges | 65 | €5,319 | €12,450 | +€7,131 | +134% |
| Profit (loss) for the period before taxes | 9903 | €4,339 | €437 | -€3,902 | -89.9% |
| Income taxes | 67/77 | €1,085 | €117 | -€968 | -89.2% |
| Profit (loss) for the period | 9904 | €3,254 | €320 | -€2,934 | -90.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,254 | €320 | -€2,934 | -90.2% |
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 29 October 2026 via checked.be.