AAA 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.
AAA IMMO
Largest movements
- Cash +€125,339
up €125,339 (+24673.0%), from €508 to €125,847
mainly Trade debts (+€93,061) and Current portion of long-term debt (+€71,691)
- Trade debts +€93,061
up €93,061 (+511.0%), from €18,212 to €111,273
- Current portion of long-term debt +€71,691
up €71,691 (+80.7%), from €88,785 to €160,476
- Other debts -€66,412
no longer reported in 2025 (was €66,412)
- Short-term financial debts -€25,000
no longer reported in 2025 (was €25,000)
- Debts after one year +€22,515
up €22,515 (+1.9%), from €1.2m to €1.2m
of which Financial debts: +€117,515
- Gross operating margin +€7,165
up €7,165 (+6.4%), from €112,059 to €119,224
- Taxes -€5,725
down €5,725 (-90.0%), from €6,364 to €639
- Depreciation +€5,563
up €5,563 (+11.3%), from €49,302 to €54,865
- Other operating charges +€4,846
up €4,846 (+46.8%), from €10,345 to €15,191
- Financial charges +€4,592
up €4,592 (+11.9%), from €38,505 to €43,097
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 | €1,678,682 | €1,805,130 | +€126,448 | +7.5% |
| Fixed assets | 21/28 | €1,347,305 | €1,361,177 | +€13,872 | +1.0% |
| Tangible fixed assets | 22/27 | €1,346,930 | €1,360,802 | +€13,872 | +1.0% |
| Land and buildings | 22 | €1,338,678 | €1,293,062 | -€45,616 | -3.4% |
| Furniture and vehicles | 24 | €8,252 | €4,125 | -€4,127 | -50.0% |
| Leasing and similar rights | 25 | - | €63,615 | +€63,615 | |
| Financial fixed assets | 28 | €375 | €375 | = | 0.0% |
| Current assets | 29/58 | €331,377 | €443,953 | +€112,576 | +34.0% |
| Stocks and contracts in progress | 3 | €73,960 | €56,960 | -€17,000 | -23.0% |
| Stocks | 30/36 | €73,960 | €56,960 | -€17,000 | -23.0% |
| Amounts receivable within one year | 40/41 | €254,805 | €257,627 | +€2,822 | +1.1% |
| Trade receivables | 40 | €253,689 | €257,568 | +€3,879 | +1.5% |
| Other amounts receivable | 41 | €1,116 | €59 | -€1,057 | -94.7% |
| Cash at bank and in hand | 54/58 | €508 | €125,847 | +€125,339 | +24673.0% |
| Deferred charges and accrued income | 490/1 | €2,104 | €3,519 | +€1,415 | +67.3% |
| Total equity and liabilities | 10/49 | €1,678,682 | €1,805,130 | +€126,448 | +7.5% |
| Equity | 10/15 | €110,595 | €116,027 | +€5,432 | +4.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €91,995 | €97,427 | +€5,432 | +5.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €90,135 | €95,567 | +€5,432 | +6.0% |
| Amounts payable | 17/49 | €1,568,087 | €1,689,103 | +€121,016 | +7.7% |
| Amounts payable after more than one year | 17 | €1,198,478 | €1,220,993 | +€22,515 | +1.9% |
| Financial debts | 170/4 | €1,103,478 | €1,220,993 | +€117,515 | +10.6% |
| Other amounts payable | 178/9 | €95,000 | - | -€95,000 | |
| Amounts payable within one year | 42/48 | €369,567 | €463,518 | +€93,951 | +25.4% |
| Current portion of amounts payable after more than one year | 42 | €88,785 | €160,476 | +€71,691 | +80.7% |
| Financial debts | 43 | €25,000 | - | -€25,000 | |
| Credit institutions | 430/8 | €25,000 | - | -€25,000 | |
| Trade debts | 44 | €18,212 | €111,273 | +€93,061 | +511.0% |
| Suppliers | 440/4 | €18,212 | €111,273 | +€93,061 | +511.0% |
| Advances received on contracts in progress | 46 | €150,000 | €150,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €21,158 | €41,769 | +€20,611 | +97.4% |
| Taxes | 450/3 | €21,158 | €41,769 | +€20,611 | +97.4% |
| Other amounts payable | 47/48 | €66,412 | - | -€66,412 | |
| Accrued charges and deferred income | 492/3 | €42 | €4,592 | +€4,550 | +10833.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,302 | €54,865 | +€5,563 | +11.3% |
| Other operating charges | 640/8 | €10,345 | €15,191 | +€4,846 | +46.8% |
| Gross operating margin | 9900 | €112,059 | €119,224 | +€7,165 | +6.4% |
| Operating profit (loss) | 9901 | €52,412 | €49,168 | -€3,244 | -6.2% |
| Financial charges | 65/66B | €38,505 | €43,097 | +€4,592 | +11.9% |
| Recurring financial charges | 65 | €38,505 | €43,097 | +€4,592 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | €13,907 | €6,071 | -€7,836 | -56.3% |
| Income taxes | 67/77 | €6,364 | €639 | -€5,725 | -90.0% |
| Profit (loss) for the period | 9904 | €7,543 | €5,432 | -€2,111 | -28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,543 | €5,432 | -€2,111 | -28.0% |
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 10 October 2026 via checked.be.