AB 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.
AB Immo
Largest movements
- Cash -€35,329
down €35,329 (-75.5%), from €46,782 to €11,453
mainly Investment in fixed assets (net) (-€56,278) and Net result for the year (-€23,866)
- Tangible fixed assets +€23,978
up €23,978 (+17.4%), from €137,523 to €161,501
of which Land and buildings: +€28,084
- Profit (loss) carried forward -€17,612
down €17,612 (-5.6%), from -€311,755 to -€329,367
- Other debts +€13,594
up €13,594 (+4.8%), from €284,634 to €298,229
- Reserves -€6,254
down €6,254 (-3.6%), from €175,955 to €169,700
- Provisions -€3,221
down €3,221 (-14.0%), from €23,020 to €19,799
- Depreciation -€13,813
down €13,813 (-30.0%), from €46,113 to €32,300
- Gross operating margin -€5,397
down €5,397 (-27.2%), from €19,844 to €14,446
- Other operating charges +€2,934
up €2,934 (+52.7%), from €5,571 to €8,505
- Staff costs +€245
new in 2025: €245
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 | €189,697 | €176,632 | -€13,065 | -6.9% |
| Fixed assets | 21/28 | €137,523 | €161,501 | +€23,978 | +17.4% |
| Tangible fixed assets | 22/27 | €137,523 | €161,501 | +€23,978 | +17.4% |
| Land and buildings | 22 | €127,847 | €155,930 | +€28,084 | +22.0% |
| Plant, machinery and equipment | 23 | €2,589 | €1,941 | -€649 | -25.1% |
| Furniture and vehicles | 24 | €7,087 | €3,630 | -€3,456 | -48.8% |
| Current assets | 29/58 | €52,175 | €15,131 | -€37,044 | -71.0% |
| Amounts receivable within one year | 40/41 | €1,357 | €1,185 | -€172 | -12.7% |
| Trade receivables | 40 | €367 | €367 | = | 0.0% |
| Other amounts receivable | 41 | €990 | €818 | -€172 | -17.4% |
| Current investments | 50/53 | €1,185 | €1,185 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €46,782 | €11,453 | -€35,329 | -75.5% |
| Deferred charges and accrued income | 490/1 | €2,851 | €1,308 | -€1,543 | -54.1% |
| Total equity and liabilities | 10/49 | €189,697 | €176,632 | -€13,065 | -6.9% |
| Equity | 10/15 | -€121,541 | -€145,407 | -€23,866 | -19.6% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €175,955 | €169,700 | -€6,254 | -3.6% |
| Tax-exempt reserves | 132 | €175,955 | €169,700 | -€6,254 | -3.6% |
| Profit (loss) carried forward | 14 | -€311,755 | -€329,367 | -€17,612 | -5.6% |
| Provisions and deferred taxes | 16 | €23,020 | €19,799 | -€3,221 | -14.0% |
| Deferred taxes | 168 | €23,020 | €19,799 | -€3,221 | -14.0% |
| Amounts payable | 17/49 | €288,219 | €302,240 | +€14,022 | +4.9% |
| Amounts payable within one year | 42/48 | €288,219 | €302,240 | +€14,022 | +4.9% |
| Trade debts | 44 | €3,584 | €3,835 | +€251 | +7.0% |
| Suppliers | 440/4 | €3,584 | €3,835 | +€251 | +7.0% |
| Taxes, remuneration and social security | 45 | - | €176 | +€176 | |
| Taxes | 450/3 | - | €176 | +€176 | |
| Other amounts payable | 47/48 | €284,634 | €298,229 | +€13,594 | +4.8% |
| Remuneration, social security and pensions | 62 | - | €245 | +€245 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,113 | €32,300 | -€13,813 | -30.0% |
| Other operating charges | 640/8 | €5,571 | €8,505 | +€2,934 | +52.7% |
| Gross operating margin | 9900 | €19,844 | €14,446 | -€5,397 | -27.2% |
| Operating profit (loss) | 9901 | -€31,841 | -€26,604 | +€5,237 | +16.4% |
| Financial income | 75/76B | €21 | €10 | -€11 | -51.7% |
| Recurring financial income | 75 | €21 | €10 | -€11 | -51.7% |
| Financial charges | 65/66B | €387 | €317 | -€70 | -18.1% |
| Recurring financial charges | 65 | €387 | €317 | -€70 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | -€32,207 | -€26,911 | +€5,297 | +16.4% |
| Transfer from deferred taxes | 780 | €3,221 | €3,221 | = | 0.0% |
| Income taxes | 67/77 | €178 | €176 | -€2 | -1.0% |
| Profit (loss) for the period | 9904 | -€29,165 | -€23,866 | +€5,298 | +18.2% |
| Transfer from tax-exempt reserves | 789 | €6,254 | €6,254 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,910 | -€17,612 | +€5,298 | +23.1% |
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.