AC-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.
AC-IMMO
Largest movements
- Tangible fixed assets +€840,861
up €840,861 (+300.8%), from €279,525 to €1.1m
of which Land and buildings: +€842,547
- Cash -€287,877
down €287,877 (-95.3%), from €302,195 to €14,318
mainly Investment in fixed assets (net) (-€896,560) and Receivables within one year (-€16,092)
- Receivables within one year +€16,092
up €16,092 (+150.0%), from €10,729 to €26,821
- Debts after one year +€556,221
up €556,221 (+207.4%), from €268,134 to €824,354
of which Financial debts: +€549,971
- Trade debts +€17,855
up €17,855 (+315.4%), from €5,660 to €23,515
- Depreciation +€17,373
up €17,373 (+45.3%), from €38,326 to €55,699
- Taxes -€7,792
down €7,792 (-97.9%), from €7,959 to €168
- Gross operating margin -€4,754
down €4,754 (-5.9%), from €80,348 to €75,595
- Financial charges +€2,740
up €2,740 (+43.7%), from €6,274 to €9,014
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 | €598,031 | €1,167,282 | +€569,251 | +95.2% |
| Fixed assets | 21/28 | €279,525 | €1,120,386 | +€840,861 | +300.8% |
| Tangible fixed assets | 22/27 | €279,525 | €1,120,386 | +€840,861 | +300.8% |
| Land and buildings | 22 | €271,935 | €1,114,482 | +€842,547 | +309.8% |
| Furniture and vehicles | 24 | €7,590 | €5,904 | -€1,686 | -22.2% |
| Current assets | 29/58 | €318,506 | €46,896 | -€271,610 | -85.3% |
| Amounts receivable within one year | 40/41 | €10,729 | €26,821 | +€16,092 | +150.0% |
| Other amounts receivable | 41 | €10,729 | €26,821 | +€16,092 | +150.0% |
| Cash at bank and in hand | 54/58 | €302,195 | €14,318 | -€287,877 | -95.3% |
| Deferred charges and accrued income | 490/1 | €5,582 | €5,757 | +€175 | +3.1% |
| Total equity and liabilities | 10/49 | €598,031 | €1,167,282 | +€569,251 | +95.2% |
| Equity | 10/15 | €319,112 | €317,900 | -€1,212 | -0.4% |
| Contributions | 10/11 | €14,526 | €14,526 | = | 0.0% |
| Reserves | 13 | €256,384 | €258,060 | +€1,676 | +0.7% |
| Non-distributable reserves | 130/1 | €2,390 | €2,390 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,390 | €2,390 | = | 0.0% |
| Distributable reserves | 133 | €253,994 | €255,670 | +€1,676 | +0.7% |
| Profit (loss) carried forward | 14 | €29,650 | €29,650 | = | 0.0% |
| Investment grants | 15 | €18,553 | €15,665 | -€2,888 | -15.6% |
| Amounts payable | 17/49 | €278,919 | €849,382 | +€570,463 | +204.5% |
| Amounts payable after more than one year | 17 | €268,134 | €824,354 | +€556,221 | +207.4% |
| Financial debts | 170/4 | - | €549,971 | +€549,971 | |
| Other amounts payable | 178/9 | €268,134 | €274,384 | +€6,250 | +2.3% |
| Amounts payable within one year | 42/48 | €10,485 | €25,027 | +€14,542 | +138.7% |
| Trade debts | 44 | €5,660 | €23,515 | +€17,855 | +315.4% |
| Suppliers | 440/4 | €5,660 | €23,515 | +€17,855 | +315.4% |
| Taxes, remuneration and social security | 45 | €3,312 | - | -€3,312 | |
| Taxes | 450/3 | €3,312 | - | -€3,312 | |
| Other amounts payable | 47/48 | €1,513 | €1,513 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €300 | - | -€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,326 | €55,699 | +€17,373 | +45.3% |
| Other operating charges | 640/8 | €11,431 | €11,926 | +€496 | +4.3% |
| Gross operating margin | 9900 | €80,348 | €75,595 | -€4,754 | -5.9% |
| Operating profit (loss) | 9901 | €30,592 | €7,970 | -€22,622 | -73.9% |
| Financial income | 75/76B | €2,524 | €2,888 | +€364 | +14.4% |
| Recurring financial income | 75 | €2,524 | €2,888 | +€364 | +14.4% |
| Financial charges | 65/66B | €6,274 | €9,014 | +€2,740 | +43.7% |
| Recurring financial charges | 65 | €6,274 | €9,014 | +€2,740 | +43.7% |
| Profit (loss) for the period before taxes | 9903 | €26,841 | €1,843 | -€24,998 | -93.1% |
| Income taxes | 67/77 | €7,959 | €168 | -€7,792 | -97.9% |
| Profit (loss) for the period | 9904 | €18,882 | €1,676 | -€17,206 | -91.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,882 | €1,676 | -€17,206 | -91.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.