IMMOFIDA: 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
IMMOFIDA
NACE 69.209, Other tax advisory services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€263,782
2024 · €2.0m-€1.7m
Equity
€12.7m
2024 · €12.5m+€263,782
Cash
€137,511
2024 · €15,162+€122,349
Balance sheet total
€18.5m
2024 · €18.0m+€503,790
Largest movements
Assets
- Tangible fixed assets +€667,256
up €667,256 (+8.7%), from €7.7m to €8.4m
of which Land and buildings: +€606,857
- Receivables within one year -€372,512
down €372,512 (-16.6%), from €2.2m to €1.9m
of which Other amounts receivable: -€375,123
Equity and liabilities
- Debts after one year +€402,951
up €402,951 (+13.6%), from €3.0m to €3.4m
- Profit (loss) carried forward +€250,592
up €250,592 (+5.5%), from €4.5m to €4.8m
Income statement
- Financial income -€1.8m
down €1.8m (-85.9%), from €2.0m to €288,699
of which Financial income: -€1.3m
- Depreciation +€40,266
up €40,266 (+11.7%), from €344,933 to €385,199
- Gross operating margin +€26,505
up €26,505 (+4.4%), from €606,259 to €632,764
- Financial charges -€25,520
down €25,520 (-16.6%), from €153,328 to €127,808
- Other operating charges +€15,533
up €15,533 (+18.2%), from €85,509 to €101,043
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
€2.0m
Gross operating margin
+€26,505
Depreciation
-€40,266
Other operating charges
-€15,533
Other operating items
+€31,364
Financial income
-€1.8m
Financial charges
+€25,520
Taxes
-€1,519
Result 2025
€263,782
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€889,582
Investment
-€1.1m
Financing
+€285,222
Cash 2024
€15,162
From operations (derived)
+€889,582
Net result for the year
+€263,782
Depreciation
+€385,199
Receivables within one year
+€372,512
Deferred charges and accrued income
-€86,697
Provisions
-€10,382
Trade debts
+€29,409
Tax, wage and social debts
-€16,560
Other debts
-€35,153
Accrued charges and deferred income
-€12,526
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€1.1m
Financing
+€285,222
Debts after one year
+€402,951
Current portion of long-term debt
+€53,699
Short-term financial debts
-€171,429
Cash 2025
€137,511
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,026,864 | €18,530,654 | +€503,790 | +2.8% |
| Fixed assets | 21/28 | €15,764,950 | €16,432,206 | +€667,256 | +4.2% |
| Tangible fixed assets | 22/27 | €7,694,068 | €8,361,324 | +€667,256 | +8.7% |
| Land and buildings | 22 | €7,694,068 | €8,300,924 | +€606,857 | +7.9% |
| Plant, machinery and equipment | 23 | €0 | €4,386 | +€4,386 | |
| Furniture and vehicles | 24 | €0 | €56,014 | +€56,014 | |
| Financial fixed assets | 28 | €8,070,882 | €8,070,882 | = | 0.0% |
| Current assets | 29/58 | €2,261,914 | €2,098,448 | -€163,466 | -7.2% |
| Amounts receivable within one year | 40/41 | €2,238,670 | €1,866,159 | -€372,512 | -16.6% |
| Trade receivables | 40 | €3,547 | €6,159 | +€2,612 | +73.6% |
| Other amounts receivable | 41 | €2,235,123 | €1,860,000 | -€375,123 | -16.8% |
| Cash at bank and in hand | 54/58 | €15,162 | €137,511 | +€122,349 | +807% |
| Deferred charges and accrued income | 490/1 | €8,082 | €94,779 | +€86,697 | +1,073% |
| Total equity and liabilities | 10/49 | €18,026,864 | €18,530,654 | +€503,790 | +2.8% |
| Equity | 10/15 | €12,482,446 | €12,746,227 | +€263,782 | +2.1% |
| Contributions | 10/11 | €7,624,100 | €7,624,100 | = | 0.0% |
| Capital | 10 | €7,581,672 | €7,581,672 | = | 0.0% |
| Issued capital | 100 | €7,581,672 | €7,581,672 | = | 0.0% |
| Contributions outside capital | 11 | €42,428 | €42,428 | = | 0.0% |
| Share premium | 1100/10 | €42,428 | €42,428 | = | 0.0% |
| Revaluation surpluses | 12 | €43,940 | €43,940 | = | 0.0% |
| Reserves | 13 | €268,830 | €282,020 | +€13,190 | +4.9% |
| Non-distributable reserves | 130/1 | €268,830 | €282,020 | +€13,190 | +4.9% |
| Legal reserve | 130 | €268,830 | €282,020 | +€13,190 | +4.9% |
| Profit (loss) carried forward | 14 | €4,545,575 | €4,796,167 | +€250,592 | +5.5% |
| Provisions and deferred taxes | 16 | €198,682 | €188,300 | -€10,382 | -5.2% |
| Provisions for liabilities and charges | 160/5 | €198,682 | €188,300 | -€10,382 | -5.2% |
| Pensions and similar obligations | 160 | €198,682 | €188,300 | -€10,382 | -5.2% |
| Amounts payable | 17/49 | €5,345,737 | €5,596,127 | +€250,390 | +4.7% |
| Amounts payable after more than one year | 17 | €2,971,741 | €3,374,692 | +€402,951 | +13.6% |
| Financial debts | 170/4 | €2,971,741 | €3,374,692 | +€402,951 | +13.6% |
| Amounts payable within one year | 42/48 | €2,305,213 | €2,165,179 | -€140,035 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €253,154 | €306,853 | +€53,699 | +21.2% |
| Financial debts | 43 | €683,929 | €512,500 | -€171,429 | -25.1% |
| Credit institutions | 430/8 | €683,929 | €512,500 | -€171,429 | -25.1% |
| Trade debts | 44 | €79,053 | €108,461 | +€29,409 | +37.2% |
| Suppliers | 440/4 | €79,053 | €108,461 | +€29,409 | +37.2% |
| Taxes, remuneration and social security | 45 | €28,499 | €11,938 | -€16,560 | -58.1% |
| Taxes | 450/3 | €28,499 | €11,938 | -€16,560 | -58.1% |
| Other amounts payable | 47/48 | €1,260,579 | €1,225,426 | -€35,153 | -2.8% |
| Accrued charges and deferred income | 492/3 | €68,782 | €56,256 | -€12,526 | -18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €344,933 | €385,199 | +€40,266 | +11.7% |
| Other operating charges | 640/8 | €85,509 | €101,043 | +€15,533 | +18.2% |
| Non-recurring operating charges | 66A | €71,103 | €39,739 | -€31,364 | -44.1% |
| Gross operating margin | 9900 | €606,259 | €632,764 | +€26,505 | +4.4% |
| Operating profit (loss) | 9901 | €104,713 | €106,783 | +€2,070 | +2.0% |
| Financial income | 75/76B | €2,042,344 | €288,699 | -€1.8m | -85.9% |
| Recurring financial income | 75 | €1,543,203 | €288,699 | -€1.3m | -81.3% |
| Non-recurring financial income | 76B | €499,141 | - | -€499,141 | |
| Financial charges | 65/66B | €153,328 | €127,808 | -€25,520 | -16.6% |
| Recurring financial charges | 65 | €153,328 | €127,808 | -€25,520 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €1,993,729 | €267,674 | -€1.7m | -86.6% |
| Income taxes | 67/77 | €2,373 | €3,892 | +€1,519 | +64.0% |
| Profit (loss) for the period | 9904 | €1,991,356 | €263,782 | -€1.7m | -86.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,991,356 | €263,782 | -€1.7m | -86.8% |
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 17 October 2026 via checked.be.