IMMOFAIR: 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.
IMMOFAIR
Largest movements
- Cash +€85,402
up €85,402 (+77.2%), from €110,636 to €196,037
mainly Other debts (+€73,173) and Receivables within one year (+€57,589)
- Deferred charges and accrued income +€65,243
up €65,243 (+925%), from €7,052 to €72,294
- Receivables within one year -€57,589
down €57,589 (-55.9%), from €103,058 to €45,469
of which Trade receivables: -€52,789
- Tangible fixed assets -€10,959
down €10,959 (-3.5%), from €316,935 to €305,976
of which Land and buildings: -€5,852
- Other debts +€73,173
up €73,173 (+92.2%), from €79,326 to €152,499
- Trade debts +€18,820
up €18,820 (+92.4%), from €20,361 to €39,181
- Tax, wage and social debts -€15,869
down €15,869 (-65.2%), from €24,345 to €8,476
of which Taxes: -€9,178
- Profit (loss) carried forward +€14,542
up €14,542 (+66.8%), from -€21,766 to -€7,223
- Reserves -€10,000
down €10,000 (-5.6%), from €177,200 to €167,200
- Gross operating margin +€9,962
up €9,962 (+10.0%), from €100,025 to €109,987
- Taxes +€2,502
up €2,502 (+1,286%), from €195 to €2,697
- Staff costs -€2,250
down €2,250 (-3.8%), from €59,663 to €57,413
- Financial charges -€1,930
down €1,930 (-15.7%), from €12,325 to €10,395
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 | €538,981 | €621,076 | +€82,096 | +15.2% |
| Fixed assets | 21/28 | €318,235 | €307,276 | -€10,959 | -3.4% |
| Tangible fixed assets | 22/27 | €316,935 | €305,976 | -€10,959 | -3.5% |
| Land and buildings | 22 | €305,371 | €299,520 | -€5,852 | -1.9% |
| Plant, machinery and equipment | 23 | €1,661 | - | -€1,661 | |
| Furniture and vehicles | 24 | €4,859 | €2,255 | -€2,604 | -53.6% |
| Other tangible fixed assets | 26 | €5,044 | €4,201 | -€843 | -16.7% |
| Financial fixed assets | 28 | €1,300 | €1,300 | = | 0.0% |
| Current assets | 29/58 | €220,746 | €313,801 | +€93,055 | +42.2% |
| Amounts receivable within one year | 40/41 | €103,058 | €45,469 | -€57,589 | -55.9% |
| Trade receivables | 40 | €87,900 | €35,111 | -€52,789 | -60.1% |
| Other amounts receivable | 41 | €15,159 | €10,358 | -€4,800 | -31.7% |
| Cash at bank and in hand | 54/58 | €110,636 | €196,037 | +€85,402 | +77.2% |
| Deferred charges and accrued income | 490/1 | €7,052 | €72,294 | +€65,243 | +925% |
| Total equity and liabilities | 10/49 | €538,981 | €621,076 | +€82,096 | +15.2% |
| Equity | 10/15 | €167,834 | €172,376 | +€4,542 | +2.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €177,200 | €167,200 | -€10,000 | -5.6% |
| Distributable reserves | 133 | €177,200 | €167,200 | -€10,000 | -5.6% |
| Profit (loss) carried forward | 14 | -€21,766 | -€7,223 | +€14,542 | +66.8% |
| Amounts payable | 17/49 | €371,147 | €448,700 | +€77,553 | +20.9% |
| Amounts payable after more than one year | 17 | €228,306 | €233,006 | +€4,700 | +2.1% |
| Financial debts | 170/4 | €228,306 | €233,006 | +€4,700 | +2.1% |
| Amounts payable within one year | 42/48 | €142,841 | €215,667 | +€72,826 | +51.0% |
| Current portion of amounts payable after more than one year | 42 | €18,809 | €15,511 | -€3,298 | -17.5% |
| Trade debts | 44 | €20,361 | €39,181 | +€18,820 | +92.4% |
| Suppliers | 440/4 | €20,361 | €39,181 | +€18,820 | +92.4% |
| Taxes, remuneration and social security | 45 | €24,345 | €8,476 | -€15,869 | -65.2% |
| Taxes | 450/3 | €11,963 | €2,785 | -€9,178 | -76.7% |
| Remuneration and social security | 454/9 | €12,381 | €5,691 | -€6,690 | -54.0% |
| Other amounts payable | 47/48 | €79,326 | €152,499 | +€73,173 | +92.2% |
| Accrued charges and deferred income | 492/3 | - | €28 | +€28 | |
| Remuneration, social security and pensions | 62 | €59,663 | €57,413 | -€2,250 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,107 | €20,959 | +€852 | +4.2% |
| Other operating charges | 640/8 | €3,776 | €4,019 | +€243 | +6.4% |
| Gross operating margin | 9900 | €100,025 | €109,987 | +€9,962 | +10.0% |
| Operating profit (loss) | 9901 | €16,479 | €27,596 | +€11,117 | +67.5% |
| Financial income | 75/76B | €125 | €39 | -€86 | -69.1% |
| Recurring financial income | 75 | €125 | €39 | -€86 | -69.1% |
| Financial charges | 65/66B | €12,325 | €10,395 | -€1,930 | -15.7% |
| Recurring financial charges | 65 | €12,325 | €10,395 | -€1,930 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €4,278 | €17,239 | +€12,961 | +303% |
| Income taxes | 67/77 | €195 | €2,697 | +€2,502 | +1,286% |
| Profit (loss) for the period | 9904 | €4,084 | €14,542 | +€10,458 | +256% |
| Profit (loss) for the period to be appropriated | 9905 | €4,084 | €14,542 | +€10,458 | +256% |
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 1 November 2026 via checked.be.