Immofesta: 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.
Immofesta
Largest movements
- Current investments -€350,000
down €350,000 (-100%), from €350,000 to €0
- Cash +€262,823
up €262,823 (+1,150%), from €22,850 to €285,672
mainly Current investments (+€350,000) and Depreciation (+€96,620)
- Tangible fixed assets -€84,690
down €84,690 (-3.1%), from €2.8m to €2.7m
- Other debts -€150,454
down €150,454 (-93.1%), from €161,602 to €11,148
- Gross operating margin -€11,118
down €11,118 (-9.0%), from €124,041 to €112,924
- Depreciation -€10,529
down €10,529 (-9.8%), from €107,148 to €96,620
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 | €3,143,841 | €2,974,543 | -€169,297 | -5.4% |
| Fixed assets | 21/28 | €2,769,559 | €2,684,869 | -€84,690 | -3.1% |
| Tangible fixed assets | 22/27 | €2,769,559 | €2,684,869 | -€84,690 | -3.1% |
| Land and buildings | 22 | €2,769,559 | €2,684,869 | -€84,690 | -3.1% |
| Current assets | 29/58 | €374,282 | €289,674 | -€84,608 | -22.6% |
| Amounts receivable within one year | 40/41 | €96 | €1,202 | +€1,106 | +1,154% |
| Other amounts receivable | 41 | €96 | €1,202 | +€1,106 | +1,154% |
| Current investments | 50/53 | €350,000 | €0 | -€350,000 | -100% |
| Cash at bank and in hand | 54/58 | €22,850 | €285,672 | +€262,823 | +1,150% |
| Deferred charges and accrued income | 490/1 | €1,337 | €2,800 | +€1,463 | +109% |
| Total equity and liabilities | 10/49 | €3,143,841 | €2,974,543 | -€169,297 | -5.4% |
| Equity | 10/15 | €2,975,385 | €2,960,185 | -€15,200 | -0.5% |
| Contributions | 10/11 | €238,141 | €238,141 | = | 0.0% |
| Capital | 10 | €238,141 | €238,141 | = | 0.0% |
| Issued capital | 100 | €238,141 | €238,141 | = | 0.0% |
| Reserves | 13 | €2,737,244 | €2,722,044 | -€15,200 | -0.6% |
| Non-distributable reserves | 130/1 | €59,494 | €59,494 | = | 0.0% |
| Legal reserve | 130 | €59,494 | €59,494 | = | 0.0% |
| Distributable reserves | 133 | €2,677,750 | €2,662,549 | -€15,200 | -0.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €168,455 | €14,358 | -€154,097 | -91.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €168,455 | €14,358 | -€154,097 | -91.5% |
| Current portion of amounts payable after more than one year | 42 | €6,824 | €0 | -€6,824 | -100% |
| Trade debts | 44 | €30 | €2,501 | +€2,472 | +8,358% |
| Suppliers | 440/4 | €30 | €2,501 | +€2,472 | +8,358% |
| Taxes, remuneration and social security | 45 | €0 | €709 | +€709 | |
| Taxes | 450/3 | €0 | €709 | +€709 | |
| Other amounts payable | 47/48 | €161,602 | €11,148 | -€150,454 | -93.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,148 | €96,620 | -€10,529 | -9.8% |
| Other operating charges | 640/8 | €16,560 | €17,078 | +€518 | +3.1% |
| Gross operating margin | 9900 | €124,041 | €112,924 | -€11,118 | -9.0% |
| Operating profit (loss) | 9901 | €333 | -€774 | -€1,107 | |
| Financial income | 75/76B | €3,444 | €2,273 | -€1,171 | -34.0% |
| Recurring financial income | 75 | €3,444 | €2,273 | -€1,171 | -34.0% |
| Financial charges | 65/66B | €561 | €107 | -€454 | -80.9% |
| Recurring financial charges | 65 | €561 | €107 | -€454 | -80.9% |
| Profit (loss) for the period before taxes | 9903 | €3,216 | €1,392 | -€1,825 | -56.7% |
| Income taxes | 67/77 | €937 | €274 | -€663 | -70.7% |
| Profit (loss) for the period | 9904 | €2,279 | €1,117 | -€1,161 | -51.0% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €2,279 | €1,117 | -€1,161 | -51.0% |
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 21 October 2026 via checked.be.