A & M 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 & M IMMO
Largest movements
- Tangible fixed assets -€29,806
down €29,806 (-1.2%), from €2.5m to €2.4m
- Debts after one year -€187,458
down €187,458 (-8.6%), from €2.2m to €2.0m
of which Financial debts: -€187,090
- Profit (loss) carried forward +€72,808
up €72,808 (+49.4%), from -€147,415 to -€74,607
- Trade debts +€47,602
up €47,602 (+204.6%), from €23,266 to €70,868
- Other debts +€42,000
up €42,000 (+210.0%), from €20,000 to €62,000
- Gross operating margin +€6,333
up €6,333 (+2.0%), from €313,450 to €319,782
- Financial charges -€6,280
down €6,280 (-12.5%), from €50,095 to €43,814
- Depreciation +€4,852
up €4,852 (+5.3%), from €90,802 to €95,654
- Other operating charges +€4,049
up €4,049 (+13.6%), from €29,871 to €33,921
- Staff costs +€3,316
up €3,316 (+4.7%), from €70,270 to €73,586
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 | €2,486,954 | €2,469,574 | -€17,380 | -0.7% |
| Fixed assets | 21/28 | €2,476,187 | €2,447,118 | -€29,069 | -1.2% |
| Intangible fixed assets | 21 | - | €737 | +€737 | |
| Tangible fixed assets | 22/27 | €2,476,187 | €2,446,381 | -€29,806 | -1.2% |
| Land and buildings | 22 | €2,476,187 | €2,446,381 | -€29,806 | -1.2% |
| Current assets | 29/58 | €10,767 | €22,457 | +€11,690 | +108.6% |
| Amounts receivable within one year | 40/41 | - | €382 | +€382 | |
| Trade receivables | 40 | - | €382 | +€382 | |
| Cash at bank and in hand | 54/58 | €8,660 | €8,407 | -€253 | -2.9% |
| Deferred charges and accrued income | 490/1 | €2,107 | €13,668 | +€11,561 | +548.7% |
| Total equity and liabilities | 10/49 | €2,486,954 | €2,469,574 | -€17,380 | -0.7% |
| Equity | 10/15 | €46,185 | €118,993 | +€72,808 | +157.6% |
| Contributions | 10/11 | €193,600 | €193,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€147,415 | -€74,607 | +€72,808 | +49.4% |
| Amounts payable | 17/49 | €2,440,769 | €2,350,582 | -€90,187 | -3.7% |
| Amounts payable after more than one year | 17 | €2,188,064 | €2,000,606 | -€187,458 | -8.6% |
| Financial debts | 170/4 | €1,254,564 | €1,067,473 | -€187,090 | -14.9% |
| Other amounts payable | 178/9 | €933,501 | €933,133 | -€368 | 0.0% |
| Amounts payable within one year | 42/48 | €242,478 | €334,255 | +€91,777 | +37.8% |
| Current portion of amounts payable after more than one year | 42 | €180,220 | €187,090 | +€6,870 | +3.8% |
| Trade debts | 44 | €23,266 | €70,868 | +€47,602 | +204.6% |
| Suppliers | 440/4 | €23,266 | €70,868 | +€47,602 | +204.6% |
| Taxes, remuneration and social security | 45 | €18,992 | €14,297 | -€4,695 | -24.7% |
| Taxes | 450/3 | €5,825 | €4,491 | -€1,334 | -22.9% |
| Remuneration and social security | 454/9 | €13,167 | €9,806 | -€3,361 | -25.5% |
| Other amounts payable | 47/48 | €20,000 | €62,000 | +€42,000 | +210.0% |
| Accrued charges and deferred income | 492/3 | €10,227 | €15,721 | +€5,494 | +53.7% |
| Remuneration, social security and pensions | 62 | €70,270 | €73,586 | +€3,316 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,802 | €95,654 | +€4,852 | +5.3% |
| Other operating charges | 640/8 | €29,871 | €33,921 | +€4,049 | +13.6% |
| Gross operating margin | 9900 | €313,450 | €319,782 | +€6,333 | +2.0% |
| Operating profit (loss) | 9901 | €122,506 | €116,622 | -€5,884 | -4.8% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €50,095 | €43,814 | -€6,280 | -12.5% |
| Recurring financial charges | 65 | €50,095 | €43,814 | -€6,280 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €72,413 | €72,808 | +€395 | +0.5% |
| Profit (loss) for the period | 9904 | €72,413 | €72,808 | +€395 | +0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €72,413 | €72,808 | +€395 | +0.5% |
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 9 October 2026 via checked.be.