4 AS Immo: 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.
4 AS Immo
Largest movements
- Tangible fixed assets -€52,818
down €52,818 (-6.0%), from €875,375 to €822,557
- Profit (loss) carried forward -€24,448
down €24,448 (-3.6%), from -€688,287 to -€712,735
- Other debts -€23,108
down €23,108 (-2.0%), from €1.1m to €1.1m
- Gross operating margin +€4,565
up €4,565 (+11.9%), from €38,213 to €42,778
- Financial charges -€4,309
down €4,309 (-96.6%), from €4,459 to €150
of which Non-recurring financial charges: -€2,176
- Depreciation +€844
up €844 (+1.5%), from €58,218 to €59,063
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 | €886,269 | €840,529 | -€45,740 | -5.2% |
| Fixed assets | 21/28 | €875,375 | €822,557 | -€52,818 | -6.0% |
| Tangible fixed assets | 22/27 | €875,375 | €822,557 | -€52,818 | -6.0% |
| Land and buildings | 22 | €875,375 | €822,557 | -€52,818 | -6.0% |
| Current assets | 29/58 | €10,893 | €17,971 | +€7,078 | +65.0% |
| Cash at bank and in hand | 54/58 | €10,893 | €17,971 | +€7,078 | +65.0% |
| Total equity and liabilities | 10/49 | €886,269 | €840,529 | -€45,740 | -5.2% |
| Equity | 10/15 | -€262,724 | -€287,173 | -€24,448 | -9.3% |
| 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 | €363,563 | €363,563 | = | 0.0% |
| Distributable reserves | 133 | €363,563 | €363,563 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€688,287 | -€712,735 | -€24,448 | -3.6% |
| Amounts payable | 17/49 | €1,148,993 | €1,127,701 | -€21,292 | -1.9% |
| Amounts payable within one year | 42/48 | €1,148,993 | €1,127,701 | -€21,292 | -1.9% |
| Trade debts | 44 | €6,611 | €8,428 | +€1,817 | +27.5% |
| Suppliers | 440/4 | €6,611 | €8,428 | +€1,817 | +27.5% |
| Other amounts payable | 47/48 | €1,142,382 | €1,119,274 | -€23,108 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,218 | €59,063 | +€844 | +1.5% |
| Other operating charges | 640/8 | €7,715 | €8,013 | +€298 | +3.9% |
| Gross operating margin | 9900 | €38,213 | €42,778 | +€4,565 | +11.9% |
| Operating profit (loss) | 9901 | -€27,720 | -€24,298 | +€3,422 | +12.3% |
| Financial charges | 65/66B | €4,459 | €150 | -€4,309 | -96.6% |
| Recurring financial charges | 65 | €2,283 | €150 | -€2,133 | -93.4% |
| Non-recurring financial charges | 66B | €2,176 | - | -€2,176 | |
| Profit (loss) for the period before taxes | 9903 | -€32,180 | -€24,448 | +€7,731 | +24.0% |
| Profit (loss) for the period | 9904 | -€32,180 | -€24,448 | +€7,731 | +24.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,180 | -€24,448 | +€7,731 | +24.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.