A&H IMMO: 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.
A&H IMMO
Largest movements
- Tangible fixed assets -€36,840
down €36,840 (-4.7%), from €783,252 to €746,412
- Debts after one year -€50,114
down €50,114 (-8.0%), from €623,690 to €573,576
- Profit (loss) carried forward +€9,907
up €9,907 (+25.9%), from €38,283 to €48,190
- Gross operating margin -€10,808
down €10,808 (-12.6%), from €85,573 to €74,765
- Taxes +€2,421
up €2,421 (+70.6%), from €3,427 to €5,848
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 | €793,606 | €755,151 | -€38,456 | -4.8% |
| Fixed assets | 21/28 | €783,252 | €746,412 | -€36,840 | -4.7% |
| Tangible fixed assets | 22/27 | €783,252 | €746,412 | -€36,840 | -4.7% |
| Land and buildings | 22 | €783,252 | €746,412 | -€36,840 | -4.7% |
| Current assets | 29/58 | €10,354 | €8,738 | -€1,615 | -15.6% |
| Cash at bank and in hand | 54/58 | €10,354 | €8,738 | -€1,615 | -15.6% |
| Total equity and liabilities | 10/49 | €793,606 | €755,151 | -€38,456 | -4.8% |
| Equity | 10/15 | €89,450 | €99,357 | +€9,907 | +11.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €1,167 | €1,167 | = | 0.0% |
| Distributable reserves | 133 | €1,167 | €1,167 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,283 | €48,190 | +€9,907 | +25.9% |
| Amounts payable | 17/49 | €704,156 | €655,794 | -€48,363 | -6.9% |
| Amounts payable after more than one year | 17 | €623,690 | €573,576 | -€50,114 | -8.0% |
| Financial debts | 170/4 | €623,690 | €573,576 | -€50,114 | -8.0% |
| Amounts payable within one year | 42/48 | €80,466 | €82,218 | +€1,752 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €48,363 | €50,114 | +€1,752 | +3.6% |
| Other amounts payable | 47/48 | €32,104 | €32,104 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,840 | €36,840 | = | 0.0% |
| Other operating charges | 640/8 | €9,399 | €9,661 | +€263 | +2.8% |
| Gross operating margin | 9900 | €85,573 | €74,765 | -€10,808 | -12.6% |
| Operating profit (loss) | 9901 | €39,334 | €28,263 | -€11,071 | -28.1% |
| Financial charges | 65/66B | €12,508 | €12,508 | +€0 | 0.0% |
| Recurring financial charges | 65 | €12,508 | €12,508 | +€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €26,826 | €15,755 | -€11,071 | -41.3% |
| Income taxes | 67/77 | €3,427 | €5,848 | +€2,421 | +70.6% |
| Profit (loss) for the period | 9904 | €23,399 | €9,907 | -€13,492 | -57.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,399 | €9,907 | -€13,492 | -57.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.