AALST 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.
AALST IMMO
Largest movements
- Tangible fixed assets -€59,986
down €59,986 (-11.0%), from €542,960 to €482,974
- Cash -€57,764
down €57,764 (-68.6%), from €84,246 to €26,483
mainly Other debts (-€70,000) and Debts after one year (-€56,797)
- Receivables after one year -€50,311
down €50,311 (-6.4%), from €780,274 to €729,963
- Other debts -€70,000
down €70,000 (-58.3%), from €120,000 to €50,000
- Debts after one year -€56,797
down €56,797 (-6.7%), from €846,406 to €789,609
of which Financial debts: -€61,827
- Trade debts -€31,806
down €31,806 (-32.4%), from €98,143 to €66,337
- Financial income -€33,560
down €33,560 (-56.9%), from €58,982 to €25,421
- Gross operating margin -€13,123
down €13,123 (-8.3%), from €157,878 to €144,754
- Taxes -€11,935
down €11,935 (-37.6%), from €31,709 to €19,774
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 | €1,412,748 | €1,241,230 | -€171,518 | -12.1% |
| Fixed assets | 21/28 | €542,960 | €482,974 | -€59,986 | -11.0% |
| Tangible fixed assets | 22/27 | €542,960 | €482,974 | -€59,986 | -11.0% |
| Land and buildings | 22 | €542,960 | €482,974 | -€59,986 | -11.0% |
| Current assets | 29/58 | €869,787 | €758,256 | -€111,531 | -12.8% |
| Amounts receivable after more than one year | 29 | €780,274 | €729,963 | -€50,311 | -6.4% |
| Other amounts receivable | 291 | €780,274 | €729,963 | -€50,311 | -6.4% |
| Cash at bank and in hand | 54/58 | €84,246 | €26,483 | -€57,764 | -68.6% |
| Deferred charges and accrued income | 490/1 | €5,268 | €1,811 | -€3,457 | -65.6% |
| Total equity and liabilities | 10/49 | €1,412,748 | €1,241,230 | -€171,518 | -12.1% |
| Equity | 10/15 | €227,423 | €230,179 | +€2,756 | +1.2% |
| Contributions | 10/11 | €225,000 | €225,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €2,423 | €5,179 | +€2,756 | +113.8% |
| Amounts payable | 17/49 | €1,185,325 | €1,011,051 | -€174,274 | -14.7% |
| Amounts payable after more than one year | 17 | €846,406 | €789,609 | -€56,797 | -6.7% |
| Financial debts | 170/4 | €844,919 | €783,092 | -€61,827 | -7.3% |
| Other amounts payable | 178/9 | €1,487 | €6,518 | +€5,030 | +338.2% |
| Amounts payable within one year | 42/48 | €315,732 | €203,046 | -€112,686 | -35.7% |
| Current portion of amounts payable after more than one year | 42 | €65,839 | €66,934 | +€1,095 | +1.7% |
| Trade debts | 44 | €98,143 | €66,337 | -€31,806 | -32.4% |
| Suppliers | 440/4 | €98,143 | €66,337 | -€31,806 | -32.4% |
| Taxes, remuneration and social security | 45 | €31,750 | €19,775 | -€11,975 | -37.7% |
| Taxes | 450/3 | €31,750 | €19,775 | -€11,975 | -37.7% |
| Other amounts payable | 47/48 | €120,000 | €50,000 | -€70,000 | -58.3% |
| Accrued charges and deferred income | 492/3 | €23,187 | €18,396 | -€4,790 | -20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,354 | €64,456 | +€102 | +0.2% |
| Other operating charges | 640/8 | €17,383 | €17,843 | +€460 | +2.6% |
| Gross operating margin | 9900 | €157,878 | €144,754 | -€13,123 | -8.3% |
| Operating profit (loss) | 9901 | €76,140 | €62,456 | -€13,685 | -18.0% |
| Financial income | 75/76B | €58,982 | €25,421 | -€33,560 | -56.9% |
| Recurring financial income | 75 | €58,982 | €25,421 | -€33,560 | -56.9% |
| Financial charges | 65/66B | €16,157 | €15,347 | -€809 | -5.0% |
| Recurring financial charges | 65 | €16,157 | €15,347 | -€809 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €118,965 | €72,530 | -€46,435 | -39.0% |
| Income taxes | 67/77 | €31,709 | €19,774 | -€11,935 | -37.6% |
| Profit (loss) for the period | 9904 | €87,256 | €52,756 | -€34,500 | -39.5% |
| Profit (loss) for the period to be appropriated | 9905 | €87,256 | €52,756 | -€34,500 | -39.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.