Immofra: 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.
Immofra
Largest movements
- Cash +€293,289
up €293,289 (+687.9%), from €42,632 to €335,921
mainly Current investments (+€292,548) and Depreciation (+€32,647)
- Current investments -€292,548
down €292,548 (-56.5%), from €517,873 to €225,326
- Tangible fixed assets -€31,428
down €31,428 (-4.2%), from €743,275 to €711,847
of which Land and buildings: -€31,781
- Tax, wage and social debts -€26,588
down €26,588 (-93.4%), from €28,459 to €1,871
- Financial income -€63,013
down €63,013 (-64.5%), from €97,670 to €34,658
- Taxes -€26,211
down €26,211 (-86.6%), from €30,271 to €4,060
- Financial charges -€7,316
down €7,316 (-35.9%), from €20,370 to €13,054
- Gross operating margin -€3,411
down €3,411 (-11.6%), from €29,447 to €26,036
- Other operating charges +€798
up €798 (+11.0%), from €7,250 to €8,047
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,401,935 | €1,378,372 | -€23,563 | -1.7% |
| Fixed assets | 21/28 | €743,275 | €711,847 | -€31,428 | -4.2% |
| Tangible fixed assets | 22/27 | €743,275 | €711,847 | -€31,428 | -4.2% |
| Land and buildings | 22 | €741,795 | €710,014 | -€31,781 | -4.3% |
| Plant, machinery and equipment | 23 | €1,084 | €614 | -€470 | -43.4% |
| Furniture and vehicles | 24 | €395 | €1,219 | +€824 | +208.6% |
| Current assets | 29/58 | €658,660 | €666,525 | +€7,865 | +1.2% |
| Amounts receivable within one year | 40/41 | €96,892 | €105,278 | +€8,386 | +8.7% |
| Other amounts receivable | 41 | €96,892 | €105,278 | +€8,386 | +8.7% |
| Current investments | 50/53 | €517,873 | €225,326 | -€292,548 | -56.5% |
| Cash at bank and in hand | 54/58 | €42,632 | €335,921 | +€293,289 | +687.9% |
| Deferred charges and accrued income | 490/1 | €1,263 | - | -€1,263 | |
| Total equity and liabilities | 10/49 | €1,401,935 | €1,378,372 | -€23,563 | -1.7% |
| Equity | 10/15 | €1,369,947 | €1,372,833 | +€2,886 | +0.2% |
| Contributions | 10/11 | €752,640 | €752,640 | = | 0.0% |
| Reserves | 13 | €617,307 | €620,193 | +€2,886 | +0.5% |
| Non-distributable reserves | 130/1 | €19,027 | €19,027 | = | 0.0% |
| Reserves not available under the articles | 1311 | €19,027 | €19,027 | = | 0.0% |
| Tax-exempt reserves | 132 | €383,059 | €367,240 | -€15,819 | -4.1% |
| Distributable reserves | 133 | €215,221 | €233,926 | +€18,705 | +8.7% |
| Amounts payable | 17/49 | €31,988 | €5,539 | -€26,449 | -82.7% |
| Amounts payable within one year | 42/48 | €30,888 | €4,379 | -€26,508 | -85.8% |
| Trade debts | 44 | - | €80 | +€80 | |
| Suppliers | 440/4 | - | €80 | +€80 | |
| Taxes, remuneration and social security | 45 | €28,459 | €1,871 | -€26,588 | -93.4% |
| Taxes | 450/3 | €28,459 | €1,871 | -€26,588 | -93.4% |
| Other amounts payable | 47/48 | €2,429 | €2,429 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,100 | €1,159 | +€59 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,864 | €32,647 | -€218 | -0.7% |
| Other operating charges | 640/8 | €7,250 | €8,047 | +€798 | +11.0% |
| Gross operating margin | 9900 | €29,447 | €26,036 | -€3,411 | -11.6% |
| Operating profit (loss) | 9901 | -€10,667 | -€14,658 | -€3,991 | -37.4% |
| Financial income | 75/76B | €97,670 | €34,658 | -€63,013 | -64.5% |
| Recurring financial income | 75 | €97,670 | €34,658 | -€63,013 | -64.5% |
| Financial charges | 65/66B | €20,370 | €13,054 | -€7,316 | -35.9% |
| Recurring financial charges | 65 | €20,370 | €13,054 | -€7,316 | -35.9% |
| Profit (loss) for the period before taxes | 9903 | €66,633 | €6,946 | -€59,687 | -89.6% |
| Income taxes | 67/77 | €30,271 | €4,060 | -€26,211 | -86.6% |
| Profit (loss) for the period | 9904 | €36,362 | €2,886 | -€33,476 | -92.1% |
| Transfer from tax-exempt reserves | 789 | €15,819 | €15,819 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €52,181 | €18,705 | -€33,476 | -64.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.