IMMO ORSINI - FLEIS: 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 ORSINI - FLEIS
Largest movements
- Tangible fixed assets +€504,579
up €504,579 (+74.8%), from €674,233 to €1.2m
of which Land and buildings: +€510,220
- Debts after one year +€359,823
up €359,823 (+59.8%), from €601,339 to €961,162
of which Financial debts: +€358,823
- Other debts +€146,262
new in 2025: €146,262
- Current portion of long-term debt +€21,511
up €21,511 (+44.9%), from €47,930 to €69,441
- Purchases and services -€25,499
no longer reported in 2025 (was €25,499)
- Depreciation +€23,168
up €23,168 (+53.0%), from €43,683 to €66,851
- Financial charges +€9,880
up €9,880 (+75.7%), from €13,056 to €22,935
- Turnover -€6,369
no longer reported in 2025 (was €6,369)
- Gross operating margin +€3,039
up €3,039 (+3.4%), from €90,689 to €93,727
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 | €689,650 | €1,212,756 | +€523,106 | +75.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €674,233 | €1,178,812 | +€504,579 | +74.8% |
| Tangible fixed assets | 22/27 | €674,233 | €1,178,812 | +€504,579 | +74.8% |
| Land and buildings | 22 | €509,838 | €1,020,058 | +€510,220 | +100% |
| Plant, machinery and equipment | 23 | €164,269 | €158,755 | -€5,514 | -3.4% |
| Furniture and vehicles | 24 | €126 | €0 | -€126 | -100% |
| Current assets | 29/58 | €15,416 | €33,944 | +€18,528 | +120% |
| Amounts receivable within one year | 40/41 | €6,842 | €9,026 | +€2,183 | +31.9% |
| Trade receivables | 40 | €500 | €2,000 | +€1,500 | +300% |
| Other amounts receivable | 41 | €6,342 | €7,026 | +€683 | +10.8% |
| Cash at bank and in hand | 54/58 | €7,927 | €19,304 | +€11,377 | +144% |
| Deferred charges and accrued income | 490/1 | €647 | €5,614 | +€4,967 | +768% |
| Total equity and liabilities | 10/49 | €689,650 | €1,212,756 | +€523,106 | +75.9% |
| Equity | 10/15 | €26,903 | €22,349 | -€4,554 | -16.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,303 | €3,749 | -€4,554 | -54.8% |
| Amounts payable | 17/49 | €662,747 | €1,190,407 | +€527,661 | +79.6% |
| Amounts payable after more than one year | 17 | €601,339 | €961,162 | +€359,823 | +59.8% |
| Financial debts | 170/4 | €570,027 | €928,850 | +€358,823 | +62.9% |
| Other amounts payable | 178/9 | €31,312 | €32,312 | +€1,000 | +3.2% |
| Amounts payable within one year | 42/48 | €61,407 | €228,245 | +€166,838 | +272% |
| Current portion of amounts payable after more than one year | 42 | €47,930 | €69,441 | +€21,511 | +44.9% |
| Trade debts | 44 | €13,121 | €12,311 | -€810 | -6.2% |
| Suppliers | 440/4 | €13,121 | €12,311 | -€810 | -6.2% |
| Taxes, remuneration and social security | 45 | €356 | €231 | -€125 | -35.1% |
| Taxes | 450/3 | €356 | €231 | -€125 | -35.1% |
| Other amounts payable | 47/48 | - | €146,262 | +€146,262 | |
| Accrued charges and deferred income | 492/3 | - | €1,000 | +€1,000 | |
| Turnover | 70 | €6,369 | - | -€6,369 | |
| Goods, raw materials, services and sundry goods | 60/61 | €25,499 | - | -€25,499 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,683 | €66,851 | +€23,168 | +53.0% |
| Other operating charges | 640/8 | €6,515 | €8,536 | +€2,021 | +31.0% |
| Gross operating margin | 9900 | €90,689 | €93,727 | +€3,039 | +3.4% |
| Operating profit (loss) | 9901 | €40,491 | €18,340 | -€22,151 | -54.7% |
| Financial income | 75/76B | €38 | €42 | +€3 | +9.1% |
| Recurring financial income | 75 | €38 | €42 | +€3 | +9.1% |
| Financial charges | 65/66B | €13,056 | €22,935 | +€9,880 | +75.7% |
| Recurring financial charges | 65 | €13,056 | €22,935 | +€9,880 | +75.7% |
| Profit (loss) for the period before taxes | 9903 | €27,473 | -€4,554 | -€32,027 | |
| Profit (loss) for the period | 9904 | €27,473 | -€4,554 | -€32,027 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,473 | -€4,554 | -€32,027 |
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 31 October 2026 via checked.be.