IMMO FUSCHETTO: 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 FUSCHETTO
Largest movements
- Tangible fixed assets -€11,843
down €11,843 (-2.8%), from €424,207 to €412,364
of which Land and buildings: -€11,335
- Debts after one year -€11,456
down €11,456 (-10.5%), from €108,763 to €97,307
- Revaluation surpluses -€11,335
down €11,335 (-4.8%), from €238,129 to €226,795
- Reserves +€11,335
up €11,335 (+8.9%), from €127,326 to €138,660
of which Distributable reserves: +€11,335
- Gross operating margin +€1,136
up €1,136 (+5.1%), from €22,206 to €23,342
- Depreciation +€499
up €499 (+4.4%), from €11,344 to €11,843
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 | €511,408 | €503,133 | -€8,275 | -1.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €424,720 | €412,876 | -€11,843 | -2.8% |
| Tangible fixed assets | 22/27 | €424,207 | €412,364 | -€11,843 | -2.8% |
| Land and buildings | 22 | €419,140 | €407,805 | -€11,335 | -2.7% |
| Plant, machinery and equipment | 23 | €5,067 | €4,558 | -€509 | -10.0% |
| Financial fixed assets | 28 | €513 | €513 | = | 0.0% |
| Current assets | 29/58 | €86,688 | €90,257 | +€3,568 | +4.1% |
| Amounts receivable after more than one year | 29 | €30,392 | €30,392 | = | 0.0% |
| Other amounts receivable | 291 | €30,392 | €30,392 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €611 | +€611 | |
| Other amounts receivable | 41 | - | €611 | +€611 | |
| Cash at bank and in hand | 54/58 | €49,159 | €51,885 | +€2,727 | +5.5% |
| Deferred charges and accrued income | 490/1 | €7,138 | €7,368 | +€230 | +3.2% |
| Total equity and liabilities | 10/49 | €511,408 | €503,133 | -€8,275 | -1.6% |
| Equity | 10/15 | €390,516 | €392,830 | +€2,315 | +0.6% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Revaluation surpluses | 12 | €238,129 | €226,795 | -€11,335 | -4.8% |
| Reserves | 13 | €127,326 | €138,660 | +€11,335 | +8.9% |
| Tax-exempt reserves | 132 | €54 | €54 | = | 0.0% |
| Distributable reserves | 133 | €127,272 | €138,606 | +€11,335 | +8.9% |
| Profit (loss) carried forward | 14 | €6,061 | €8,375 | +€2,315 | +38.2% |
| Amounts payable | 17/49 | €120,892 | €110,303 | -€10,590 | -8.8% |
| Amounts payable after more than one year | 17 | €108,763 | €97,307 | -€11,456 | -10.5% |
| Financial debts | 170/4 | €108,763 | €97,307 | -€11,456 | -10.5% |
| Amounts payable within one year | 42/48 | €12,129 | €12,996 | +€867 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €11,251 | €11,456 | +€206 | +1.8% |
| Taxes, remuneration and social security | 45 | €870 | €1,540 | +€670 | +77.0% |
| Taxes | 450/3 | €870 | €1,540 | +€670 | +77.0% |
| Other amounts payable | 47/48 | €9 | - | -€9 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,344 | €11,843 | +€499 | +4.4% |
| Other operating charges | 640/8 | €2,195 | €2,263 | +€69 | +3.1% |
| Gross operating margin | 9900 | €22,206 | €23,342 | +€1,136 | +5.1% |
| Operating profit (loss) | 9901 | €8,666 | €9,235 | +€569 | +6.6% |
| Financial charges | 65/66B | €2,510 | €2,351 | -€159 | -6.3% |
| Recurring financial charges | 65 | €2,510 | €2,351 | -€159 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €6,156 | €6,884 | +€728 | +11.8% |
| Income taxes | 67/77 | €4,370 | €4,570 | +€200 | +4.6% |
| Profit (loss) for the period | 9904 | €1,786 | €2,315 | +€528 | +29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,786 | €2,315 | +€528 | +29.6% |
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 26 October 2026 via checked.be.