A-NET 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.
What changed
A-NET IMMO
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€15,663
2024 · €42,724-€27,061
Equity
€644,229
2024 · €628,566+€15,663
Cash
€48,927
2024 · €52,882-€3,955
Balance sheet total
€913,386
2024 · €966,507-€53,120
Largest movements
Assets
- Tangible fixed assets -€52,649
down €52,649 (-5.9%), from €897,780 to €845,131
of which Land and buildings: -€52,020
Equity and liabilities
- Debts after one year -€63,795
down €63,795 (-25.3%), from €252,558 to €188,763
of which Financial debts: -€63,795
- Profit (loss) carried forward +€15,663
up €15,663 (+13.7%), from -€113,935 to -€98,272
Income statement
- Gross operating margin -€55,375
down €55,375 (-40.3%), from €137,410 to €82,034
- Depreciation -€19,468
down €19,468 (-27.0%), from €72,116 to €52,649
- Financial charges -€9,111
down €9,111 (-75.5%), from €12,071 to €2,960
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.
Result 2024
€42,724
Gross operating margin
-€55,375
Staff costs
-€5
Depreciation
+€19,468
Other operating charges
-€620
Other operating items
+€298
Financial income
+€63
Financial charges
+€9,111
Result 2025
€15,663
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.
From operations
+€58,813
Investment
-€0
Financing
-€62,768
Cash 2024
€52,882
From operations (derived)
+€58,813
Net result for the year
+€15,663
Depreciation
+€52,649
Receivables within one year
-€3,484
Trade debts
+€1,425
Tax, wage and social debts
-€2,143
Other debts
-€5,298
Investment (derived)
-€0
Investment in fixed assets (net)
-€0
Financing
-€62,768
Debts after one year
-€63,795
Current portion of long-term debt
+€1,027
Cash 2025
€48,927
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €966,507 | €913,386 | -€53,120 | -5.5% |
| Fixed assets | 21/28 | €897,780 | €845,131 | -€52,649 | -5.9% |
| Tangible fixed assets | 22/27 | €897,780 | €845,131 | -€52,649 | -5.9% |
| Land and buildings | 22 | €895,137 | €843,117 | -€52,020 | -5.8% |
| Plant, machinery and equipment | 23 | €1,625 | €1,325 | -€300 | -18.5% |
| Other tangible fixed assets | 26 | €1,018 | €689 | -€329 | -32.3% |
| Current assets | 29/58 | €68,727 | €68,255 | -€472 | -0.7% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €15,051 | €18,535 | +€3,484 | +23.1% |
| Trade receivables | 40 | €14,880 | €17,835 | +€2,955 | +19.9% |
| Other amounts receivable | 41 | €171 | €700 | +€529 | +309.6% |
| Cash at bank and in hand | 54/58 | €52,882 | €48,927 | -€3,955 | -7.5% |
| Deferred charges and accrued income | 490/1 | €793 | €793 | = | 0.0% |
| Total equity and liabilities | 10/49 | €966,507 | €913,386 | -€53,120 | -5.5% |
| Equity | 10/15 | €628,566 | €644,229 | +€15,663 | +2.5% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Revaluation surpluses | 12 | €673,663 | €673,663 | = | 0.0% |
| Reserves | 13 | €6,864 | €6,864 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Tax-exempt reserves | 132 | €667 | €667 | = | 0.0% |
| Distributable reserves | 133 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€113,935 | -€98,272 | +€15,663 | +13.7% |
| Amounts payable | 17/49 | €337,940 | €269,157 | -€68,783 | -20.4% |
| Amounts payable after more than one year | 17 | €252,558 | €188,763 | -€63,795 | -25.3% |
| Financial debts | 170/4 | €243,898 | €180,103 | -€63,795 | -26.2% |
| Other amounts payable | 178/9 | €8,660 | €8,660 | = | 0.0% |
| Amounts payable within one year | 42/48 | €85,382 | €80,394 | -€4,988 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €62,768 | €63,795 | +€1,027 | +1.6% |
| Trade debts | 44 | €471 | €1,897 | +€1,425 | +302.4% |
| Suppliers | 440/4 | €471 | €1,897 | +€1,425 | +302.4% |
| Taxes, remuneration and social security | 45 | €2,143 | €0 | -€2,143 | -100.0% |
| Taxes | 450/3 | €2,143 | €0 | -€2,143 | -100.0% |
| Other amounts payable | 47/48 | €20,000 | €14,702 | -€5,298 | -26.5% |
| Non-recurring operating income | 76A | €633 | €22,432 | +€21,799 | +3443.3% |
| Remuneration, social security and pensions | 62 | €7 | €12 | +€5 | +64.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,116 | €52,649 | -€19,468 | -27.0% |
| Other operating charges | 640/8 | €10,279 | €10,898 | +€620 | +6.0% |
| Non-recurring operating charges | 66A | €298 | - | -€298 | |
| Gross operating margin | 9900 | €137,410 | €82,034 | -€55,375 | -40.3% |
| Operating profit (loss) | 9901 | €54,710 | €18,476 | -€36,234 | -66.2% |
| Financial income | 75/76B | €85 | €147 | +€63 | +74.1% |
| Recurring financial income | 75 | €85 | €147 | +€63 | +74.1% |
| Non-recurring financial income | 76B | - | €147 | +€147 | |
| Financial charges | 65/66B | €12,071 | €2,960 | -€9,111 | -75.5% |
| Recurring financial charges | 65 | €12,071 | €2,960 | -€9,111 | -75.5% |
| Profit (loss) for the period before taxes | 9903 | €42,724 | €15,663 | -€27,061 | -63.3% |
| Profit (loss) for the period | 9904 | €42,724 | €15,663 | -€27,061 | -63.3% |
| Profit (loss) for the period to be appropriated | 9905 | €42,724 | €15,663 | -€27,061 | -63.3% |
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 5 October 2026 via checked.be.