FA IMMO: what changed
What changed
FA IMMO
NACE 68.310, Real estate agency activities
filed annual accounts (NBB)
Net result for the year
€124,539
2024 · €17,559+€106,980
Equity
€234,267
2024 · €109,728+€124,539
Cash
€25,289
2024 · €1,899+€23,390
Balance sheet total
€2.2m
2024 · €814,611+€1.4m
Largest movements
Assets
- Financial fixed assets +€1.6m
up €1.6m (+11,073%), from €14,450 to €1.6m
- Tangible fixed assets -€219,621
down €219,621 (-37.6%), from €584,382 to €364,760
of which Land and buildings: -€216,881
- Cash +€23,390
up €23,390 (+1,232%), from €1,899 to €25,289
mainly Debts after one year (+€1.2m) and Net result for the year (+€124,539)
Equity and liabilities
- Debts after one year +€1.2m
up €1.2m (+551%), from €221,535 to €1.4m
of which Financial debts: +€1.2m
- Profit (loss) carried forward +€117,359
up €117,359, from -€110,628 to €6,731
- Current portion of long-term debt +€98,746
up €98,746 (+388%), from €25,436 to €124,182
Income statement
- Gross operating margin +€135,752
up €135,752 (+187%), from €72,782 to €208,534
- Financial charges +€48,818
up €48,818 (+437%), from €11,182 to €60,000
- Depreciation -€10,475
down €10,475 (-23.6%), from €44,317 to €33,842
- Other operating charges -€2,461
down €2,461 (-46.2%), from €5,324 to €2,862
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€17,559
Gross operating margin
+€135,752
Depreciation
+€10,475
Other operating charges
+€2,461
Other operating items
-€55
Financial income
-€881
Financial charges
-€48,818
Deferred taxes and other
+€8,046
Result 2025
€124,539
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€117,001
Investment
-€1.4m
Financing
+€1.3m
Cash 2024
€1,899
From operations (derived)
+€117,001
Net result for the year
+€124,539
Depreciation
+€33,842
Receivables within one year
-€15,306
Smaller working-capital items
-€516
Provisions
-€12,765
Tax, wage and social debts
-€9,586
Other debts
-€12,475
Accrued charges and deferred income
+€9,267
Investment (derived)
-€1.4m
Investment in fixed assets (net)
-€1.4m
Financing
+€1.3m
Debts after one year
+€1.2m
Current portion of long-term debt
+€98,746
Cash 2025
€25,289
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €814,611 | €2,234,594 | +€1.4m | +174% |
| Fixed assets | 21/28 | €601,399 | €1,979,823 | +€1.4m | +229% |
| Intangible fixed assets | 21 | €2,567 | €612 | -€1,955 | -76.2% |
| Tangible fixed assets | 22/27 | €584,382 | €364,760 | -€219,621 | -37.6% |
| Land and buildings | 22 | €571,094 | €354,213 | -€216,881 | -38.0% |
| Plant, machinery and equipment | 23 | €9,966 | €5,429 | -€4,537 | -45.5% |
| Furniture and vehicles | 24 | €3,322 | €5,119 | +€1,797 | +54.1% |
| Financial fixed assets | 28 | €14,450 | €1,614,450 | +€1.6m | +11,073% |
| Current assets | 29/58 | €213,212 | €254,771 | +€41,559 | +19.5% |
| Stocks and contracts in progress | 3 | €5,514 | €5,514 | = | 0.0% |
| Stocks | 30/36 | €5,514 | €5,514 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €205,728 | €221,034 | +€15,306 | +7.4% |
| Trade receivables | 40 | €4,571 | €1,327 | -€3,243 | -71.0% |
| Other amounts receivable | 41 | €201,157 | €219,707 | +€18,550 | +9.2% |
| Cash at bank and in hand | 54/58 | €1,899 | €25,289 | +€23,390 | +1,232% |
| Deferred charges and accrued income | 490/1 | €70 | €2,933 | +€2,863 | +4,075% |
| Total equity and liabilities | 10/49 | €814,611 | €2,234,594 | +€1.4m | +174% |
| Equity | 10/15 | €109,728 | €234,267 | +€124,539 | +113% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €158,357 | €165,536 | +€7,180 | +4.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €152,157 | €159,336 | +€7,180 | +4.7% |
| Profit (loss) carried forward | 14 | -€110,628 | €6,731 | +€117,359 | |
| Provisions and deferred taxes | 16 | €78,819 | €66,054 | -€12,765 | -16.2% |
| Deferred taxes | 168 | €78,819 | €66,054 | -€12,765 | -16.2% |
| Amounts payable | 17/49 | €626,063 | €1,934,272 | +€1.3m | +209% |
| Amounts payable after more than one year | 17 | €221,535 | €1,441,444 | +€1.2m | +551% |
| Financial debts | 170/4 | €220,035 | €1,439,944 | +€1.2m | +554% |
| Other amounts payable | 178/9 | €1,500 | €1,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €404,528 | €483,561 | +€79,033 | +19.5% |
| Current portion of amounts payable after more than one year | 42 | €25,436 | €124,182 | +€98,746 | +388% |
| Trade debts | 44 | €11,658 | €14,006 | +€2,347 | +20.1% |
| Suppliers | 440/4 | €11,658 | €14,006 | +€2,347 | +20.1% |
| Taxes, remuneration and social security | 45 | €23,689 | €14,104 | -€9,586 | -40.5% |
| Taxes | 450/3 | €23,689 | €14,104 | -€9,586 | -40.5% |
| Other amounts payable | 47/48 | €343,745 | €331,270 | -€12,475 | -3.6% |
| Accrued charges and deferred income | 492/3 | - | €9,267 | +€9,267 | |
| Non-recurring operating income | 76A | - | €136,946 | +€136,946 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,317 | €33,842 | -€10,475 | -23.6% |
| Other operating charges | 640/8 | €5,324 | €2,862 | -€2,461 | -46.2% |
| Non-recurring operating charges | 66A | - | €55 | +€55 | |
| Gross operating margin | 9900 | €72,782 | €208,534 | +€135,752 | +187% |
| Operating profit (loss) | 9901 | €23,141 | €171,774 | +€148,634 | +642% |
| Financial income | 75/76B | €881 | - | -€881 | |
| Recurring financial income | 75 | €881 | - | -€881 | |
| Financial charges | 65/66B | €11,182 | €60,000 | +€48,818 | +437% |
| Recurring financial charges | 65 | €11,182 | €60,000 | +€48,818 | +437% |
| Profit (loss) for the period before taxes | 9903 | €12,840 | €111,774 | +€98,934 | +771% |
| Transfer from deferred taxes | 780 | €4,719 | €47,001 | +€42,283 | +896% |
| Transfer to deferred taxes | 680 | - | €34,237 | +€34,237 | |
| Profit (loss) for the period | 9904 | €17,559 | €124,539 | +€106,980 | +609% |
| Transfer from tax-exempt reserves | 789 | €11,234 | €95,530 | +€84,296 | +750% |
| Transfer to tax-exempt reserves | 689 | - | €102,710 | +€102,710 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,793 | €117,359 | +€88,566 | +308% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.