AB 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.
AB IMMO
Largest movements
- Tangible fixed assets -€20,033
down €20,033 (-2.7%), from €732,838 to €712,805
of which Land and buildings: -€17,736
- Debts after one year -€19,668
down €19,668 (-2.7%), from €718,303 to €698,635
of which Financial debts: -€19,663
- Depreciation -€19,215
down €19,215 (-49.0%), from €39,248 to €20,033
- Gross operating margin +€2,899
up €2,899 (+6.6%), from €43,827 to €46,726
- Other operating charges -€2,179
down €2,179 (-36.1%), from €6,030 to €3,851
- Financial charges -€1,774
down €1,774 (-7.4%), from €24,060 to €22,286
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 | €737,989 | €718,705 | -€19,285 | -2.6% |
| Fixed assets | 21/28 | €732,838 | €712,805 | -€20,033 | -2.7% |
| Tangible fixed assets | 22/27 | €732,838 | €712,805 | -€20,033 | -2.7% |
| Land and buildings | 22 | €711,696 | €693,960 | -€17,736 | -2.5% |
| Plant, machinery and equipment | 23 | €21,142 | €18,845 | -€2,297 | -10.9% |
| Current assets | 29/58 | €5,151 | €5,900 | +€748 | +14.5% |
| Amounts receivable within one year | 40/41 | €577 | €1,514 | +€937 | +162.4% |
| Trade receivables | 40 | €572 | €1,494 | +€922 | +161.2% |
| Other amounts receivable | 41 | €5 | €20 | +€15 | +292.2% |
| Cash at bank and in hand | 54/58 | €4,574 | €4,386 | -€188 | -4.1% |
| Total equity and liabilities | 10/49 | €737,989 | €718,705 | -€19,285 | -2.6% |
| Equity | 10/15 | -€5,512 | -€4,955 | +€556 | +10.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,512 | -€24,955 | +€556 | +2.2% |
| Amounts payable | 17/49 | €743,501 | €723,660 | -€19,841 | -2.7% |
| Amounts payable after more than one year | 17 | €718,303 | €698,635 | -€19,668 | -2.7% |
| Financial debts | 170/4 | €517,513 | €497,850 | -€19,663 | -3.8% |
| Other amounts payable | 178/9 | €200,791 | €200,785 | -€5 | 0.0% |
| Amounts payable within one year | 42/48 | €23,315 | €23,208 | -€107 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €20,392 | €21,265 | +€873 | +4.3% |
| Trade debts | 44 | - | €72 | +€72 | |
| Suppliers | 440/4 | - | €72 | +€72 | |
| Taxes, remuneration and social security | 45 | €2,924 | €1,872 | -€1,052 | -36.0% |
| Taxes | 450/3 | €2,924 | €1,872 | -€1,052 | -36.0% |
| Accrued charges and deferred income | 492/3 | €1,883 | €1,817 | -€66 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,248 | €20,033 | -€19,215 | -49.0% |
| Other operating charges | 640/8 | €6,030 | €3,851 | -€2,179 | -36.1% |
| Gross operating margin | 9900 | €43,827 | €46,726 | +€2,899 | +6.6% |
| Operating profit (loss) | 9901 | -€1,451 | €22,842 | +€24,294 | |
| Financial charges | 65/66B | €24,060 | €22,286 | -€1,774 | -7.4% |
| Recurring financial charges | 65 | €24,060 | €22,286 | -€1,774 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | -€25,512 | €556 | +€26,068 | |
| Profit (loss) for the period | 9904 | -€25,512 | €556 | +€26,068 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,512 | €556 | +€26,068 |
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 30 September 2026 via checked.be.