A.D.K. 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.
A.D.K. IMMO
Largest movements
- Tangible fixed assets +€13,863
up €13,863 (+7.2%), from €193,308 to €207,170
of which Land and buildings: +€16,861
- Cash -€11,113
down €11,113 (-44.6%), from €24,893 to €13,780
mainly Investment in fixed assets (net) (-€34,815) and Debts after one year (-€16,542)
- Debts after one year -€16,542
down €16,542 (-28.6%), from €57,905 to €41,363
- Reserves +€11,859
up €11,859 (+24.4%), from €48,650 to €60,509
of which Distributable reserves: +€11,859
- Current portion of long-term debt +€5,241
up €5,241 (+25.6%), from €20,494 to €25,734
- Other debts +€2,340
up €2,340 (+4.9%), from €47,283 to €49,624
- Depreciation -€3,947
down €3,947 (-15.9%), from €24,899 to €20,953
- Gross operating margin +€2,722
up €2,722 (+6.9%), from €39,727 to €42,449
- Taxes +€1,594
up €1,594 (+55.2%), from €2,888 to €4,483
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 | €219,501 | €222,261 | +€2,760 | +1.3% |
| Fixed assets | 21/28 | €193,308 | €207,170 | +€13,863 | +7.2% |
| Tangible fixed assets | 22/27 | €193,308 | €207,170 | +€13,863 | +7.2% |
| Land and buildings | 22 | €188,096 | €204,957 | +€16,861 | +9.0% |
| Plant, machinery and equipment | 23 | €5,212 | €2,214 | -€2,998 | -57.5% |
| Current assets | 29/58 | €26,193 | €15,090 | -€11,103 | -42.4% |
| Cash at bank and in hand | 54/58 | €24,893 | €13,780 | -€11,113 | -44.6% |
| Deferred charges and accrued income | 490/1 | €1,300 | €1,310 | +€10 | +0.8% |
| Total equity and liabilities | 10/49 | €219,501 | €222,261 | +€2,760 | +1.3% |
| Equity | 10/15 | €87,531 | €99,390 | +€11,859 | +13.5% |
| Contributions | 10/11 | €18,821 | €18,821 | = | 0.0% |
| Reserves | 13 | €48,650 | €60,509 | +€11,859 | +24.4% |
| Tax-exempt reserves | 132 | €3,802 | €3,802 | = | 0.0% |
| Distributable reserves | 133 | €44,848 | €56,707 | +€11,859 | +26.4% |
| Profit (loss) carried forward | 14 | €20,060 | €20,060 | = | 0.0% |
| Amounts payable | 17/49 | €131,970 | €122,870 | -€9,100 | -6.9% |
| Amounts payable after more than one year | 17 | €57,905 | €41,363 | -€16,542 | -28.6% |
| Financial debts | 170/4 | €57,905 | €41,363 | -€16,542 | -28.6% |
| Amounts payable within one year | 42/48 | €74,065 | €81,507 | +€7,442 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €20,494 | €25,734 | +€5,241 | +25.6% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €6,288 | €6,150 | -€139 | -2.2% |
| Taxes | 450/3 | €6,288 | €6,150 | -€139 | -2.2% |
| Other amounts payable | 47/48 | €47,283 | €49,624 | +€2,340 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,899 | €20,953 | -€3,947 | -15.9% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €39,727 | €42,449 | +€2,722 | +6.9% |
| Operating profit (loss) | 9901 | €14,440 | €21,097 | +€6,656 | +46.1% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €4,668 | €4,755 | +€86 | +1.8% |
| Recurring financial charges | 65 | €4,668 | €4,755 | +€86 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €9,772 | €16,342 | +€6,570 | +67.2% |
| Income taxes | 67/77 | €2,888 | €4,483 | +€1,594 | +55.2% |
| Profit (loss) for the period | 9904 | €6,884 | €11,859 | +€4,975 | +72.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,884 | €11,859 | +€4,975 | +72.3% |
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 13 October 2026 via checked.be.