IMMOFARIN: what changed
Two fiscal 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.
IMMOFARIN
Largest movements
- Tangible fixed assets +€90,000
new in 2024: €90,000
- Cash -€17,338
down €17,338 (-73.8%), from €23,485 to €6,146
mainly Investment in fixed assets (net) (-€101,535) and Receivables within one year (-€7,232)
- Receivables within one year +€7,232
up €7,232 (+25736.3%), from €28 to €7,260
- Debts after one year +€73,209
new in 2024: €73,209
- Current portion of long-term debt +€6,791
new in 2024: €6,791
- Depreciation +€11,535
new in 2024: €11,535
- Taxes -€4,595
down €4,595 (-91.3%), from €5,031 to €437
- Gross operating margin -€3,328
down €3,328 (-18.0%), from €18,441 to €15,113
- Other operating charges +€1,592
up €1,592 (+366.4%), from €434 to €2,026
- Financial charges +€266
up €266 (+1245.3%), from €21 to €288
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,854 | €103,772 | +€79,918 | +335.0% |
| Fixed assets | 21/28 | - | €90,000 | +€90,000 | |
| Tangible fixed assets | 22/27 | - | €90,000 | +€90,000 | |
| Land and buildings | 22 | - | €90,000 | +€90,000 | |
| Current assets | 29/58 | €23,854 | €13,772 | -€10,082 | -42.3% |
| Amounts receivable within one year | 40/41 | €28 | €7,260 | +€7,232 | +25736.3% |
| Trade receivables | 40 | €28 | €7,260 | +€7,232 | +25736.3% |
| Cash at bank and in hand | 54/58 | €23,485 | €6,146 | -€17,338 | -73.8% |
| Deferred charges and accrued income | 490/1 | €341 | €365 | +€24 | +7.1% |
| Total equity and liabilities | 10/49 | €23,854 | €103,772 | +€79,918 | +335.0% |
| Equity | 10/15 | €15,954 | €16,781 | +€827 | +5.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €12,950 | €13,770 | +€820 | +6.3% |
| Distributable reserves | 133 | €12,950 | €13,770 | +€820 | +6.3% |
| Profit (loss) carried forward | 14 | €4 | €11 | +€7 | +201.4% |
| Amounts payable | 17/49 | €7,900 | €86,991 | +€79,090 | +1001.1% |
| Amounts payable after more than one year | 17 | - | €73,209 | +€73,209 | |
| Financial debts | 170/4 | - | €73,209 | +€73,209 | |
| Amounts payable within one year | 42/48 | €7,900 | €13,782 | +€5,882 | +74.4% |
| Current portion of amounts payable after more than one year | 42 | - | €6,791 | +€6,791 | |
| Trade debts | 44 | €1,600 | €1,199 | -€401 | -25.1% |
| Suppliers | 440/4 | €1,600 | €1,199 | -€401 | -25.1% |
| Taxes, remuneration and social security | 45 | €6,300 | €5,792 | -€509 | -8.1% |
| Taxes | 450/3 | €6,300 | €5,792 | -€509 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €11,535 | +€11,535 | |
| Other operating charges | 640/8 | €434 | €2,026 | +€1,592 | +366.4% |
| Gross operating margin | 9900 | €18,441 | €15,113 | -€3,328 | -18.0% |
| Operating profit (loss) | 9901 | €18,006 | €1,552 | -€16,455 | -91.4% |
| Financial charges | 65/66B | €21 | €288 | +€266 | +1245.3% |
| Recurring financial charges | 65 | €21 | €288 | +€266 | +1245.3% |
| Profit (loss) for the period before taxes | 9903 | €17,985 | €1,264 | -€16,721 | -93.0% |
| Income taxes | 67/77 | €5,031 | €437 | -€4,595 | -91.3% |
| Profit (loss) for the period | 9904 | €12,954 | €827 | -€12,126 | -93.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,954 | €827 | -€12,126 | -93.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.