IMMOFAYS: 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.
What changed
IMMOFAYS
NACE 70.200, Business and other management consultancy
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€496,030
2024 · €14,674+€481,356
Equity
€820,557
2024 · €324,528+€496,030
Cash
€401,704
2024 · €9,053+€392,651
Balance sheet total
€1.5m
2024 · €686,293+€778,624
Largest movements
Assets
- Cash +€392,651
up €392,651 (+4337.4%), from €9,053 to €401,704
mainly Net result for the year (+€496,030) and Provisions (+€165,270)
- Stocks and contracts +€352,398
new in 2025: €352,398
- Tangible fixed assets +€131,342
up €131,342 (+60.7%), from €216,352 to €347,694
of which Land and buildings: +€135,292
- Current investments -€100,169
down €100,169 (-21.8%), from €460,354 to €360,186
Equity and liabilities
- Reserves +€495,811
up €495,811 (+453.1%), from €109,420 to €605,232
of which Tax-exempt reserves: +€495,811
- Provisions +€165,270
new in 2025: €165,270
- Trade debts +€133,055
up €133,055 (+13106.7%), from €1,015 to €134,070
Income statement
- Gross operating margin +€642,804
up €642,804 (+2065.7%), from €31,118 to €673,922
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.
Result 2024
€14,674
Gross operating margin
+€642,804
Depreciation
-€302
Other operating charges
+€547
Financial income
+€1,035
Financial charges
+€262
Taxes
+€2,279
Deferred taxes and other
-€165,270
Result 2025
€496,030
Cash bridge derived
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.
From operations
+€447,037
Investment
-€40,468
Financing
-€13,918
Cash 2024
€9,053
From operations (derived)
+€447,037
Net result for the year
+€496,030
Depreciation
+€9,295
Stocks and contracts
-€352,398
Receivables within one year
-€2,402
Provisions
+€165,270
Trade debts
+€133,055
Tax, wage and social debts
-€1,813
Investment (derived)
-€40,468
Investment in fixed assets (net)
-€140,637
Current investments
+€100,169
Financing
-€13,918
Debts after one year
-€11,804
Current portion of long-term debt
-€2,114
Cash 2025
€401,704
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €686,293 | €1,464,917 | +€778,624 | +113.5% |
| Fixed assets | 21/28 | €216,352 | €347,694 | +€131,342 | +60.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €216,352 | €347,694 | +€131,342 | +60.7% |
| Land and buildings | 22 | €212,402 | €347,694 | +€135,292 | +63.7% |
| Plant, machinery and equipment | 23 | €3,950 | €0 | -€3,950 | -100.0% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €469,941 | €1,117,223 | +€647,283 | +137.7% |
| Stocks and contracts in progress | 3 | - | €352,398 | +€352,398 | |
| Stocks | 30/36 | - | €352,398 | +€352,398 | |
| Amounts receivable within one year | 40/41 | €534 | €2,936 | +€2,402 | +450.1% |
| Other amounts receivable | 41 | €534 | €2,936 | +€2,402 | +450.1% |
| Current investments | 50/53 | €460,354 | €360,186 | -€100,169 | -21.8% |
| Cash at bank and in hand | 54/58 | €9,053 | €401,704 | +€392,651 | +4337.4% |
| Total equity and liabilities | 10/49 | €686,293 | €1,464,917 | +€778,624 | +113.5% |
| Equity | 10/15 | €324,528 | €820,557 | +€496,030 | +152.8% |
| Contributions | 10/11 | €13,686 | €13,686 | = | 0.0% |
| Contributions outside capital | 11 | €13,686 | €13,686 | = | 0.0% |
| Other | 1109/19 | €13,686 | €13,686 | = | 0.0% |
| Reserves | 13 | €109,420 | €605,232 | +€495,811 | +453.1% |
| Tax-exempt reserves | 132 | - | €495,811 | +€495,811 | |
| Distributable reserves | 133 | €109,420 | €109,420 | = | 0.0% |
| Profit (loss) carried forward | 14 | €201,421 | €201,640 | +€218 | +0.1% |
| Provisions and deferred taxes | 16 | - | €165,270 | +€165,270 | |
| Deferred taxes | 168 | - | €165,270 | +€165,270 | |
| Amounts payable | 17/49 | €361,765 | €479,089 | +€117,324 | +32.4% |
| Amounts payable after more than one year | 17 | €67,322 | €55,518 | -€11,804 | -17.5% |
| Financial debts | 170/4 | €67,322 | €55,518 | -€11,804 | -17.5% |
| Amounts payable within one year | 42/48 | €294,443 | €423,571 | +€129,128 | +43.9% |
| Current portion of amounts payable after more than one year | 42 | €13,918 | €11,804 | -€2,114 | -15.2% |
| Trade debts | 44 | €1,015 | €134,070 | +€133,055 | +13106.7% |
| Suppliers | 440/4 | €1,015 | €134,070 | +€133,055 | +13106.7% |
| Taxes, remuneration and social security | 45 | €1,813 | €0 | -€1,813 | -100.0% |
| Taxes | 450/3 | €1,813 | - | -€1,813 | |
| Other amounts payable | 47/48 | €277,697 | €277,697 | = | 0.0% |
| Non-recurring operating income | 76A | - | €683,877 | +€683,877 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,270 | - | -€1,270 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,993 | €9,295 | +€302 | +3.4% |
| Other operating charges | 640/8 | €3,395 | €2,848 | -€547 | -16.1% |
| Gross operating margin | 9900 | €31,118 | €673,922 | +€642,804 | +2065.7% |
| Operating profit (loss) | 9901 | €18,730 | €661,780 | +€643,050 | +3433.3% |
| Financial income | 75/76B | €45 | €1,080 | +€1,035 | +2292.0% |
| Recurring financial income | 75 | €45 | €1,080 | +€1,035 | +2292.0% |
| Financial charges | 65/66B | €1,822 | €1,560 | -€262 | -14.4% |
| Recurring financial charges | 65 | €1,822 | €1,560 | -€262 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €16,953 | €661,300 | +€644,347 | +3800.8% |
| Transfer from deferred taxes | 780 | - | €5,699 | +€5,699 | |
| Transfer to deferred taxes | 680 | - | €170,969 | +€170,969 | |
| Income taxes | 67/77 | €2,279 | €0 | -€2,279 | -100.0% |
| Profit (loss) for the period | 9904 | €14,674 | €496,030 | +€481,356 | +3280.4% |
| Transfer from tax-exempt reserves | 789 | - | €17,097 | +€17,097 | |
| Transfer to tax-exempt reserves | 689 | - | €512,908 | +€512,908 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,674 | €218 | -€14,455 | -98.5% |
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 11 October 2026 via checked.be.