ACH 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.
ACH IMMO
Largest movements
- Receivables after one year -€8,399
down €8,399 (-5.0%), from €166,594 to €158,195
- Short-term financial debts -€6,960
no longer reported in 2025 (was €6,960)
- Reserves -€2,100
down €2,100 (-10.9%), from €19,200 to €17,100
- Gross operating margin -€382
down €382 (-121.4%), from -€315 to -€696
- Financial charges +€159
up €159 (+13.1%), from €1,212 to €1,371
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 | €166,596 | €158,266 | -€8,331 | -5.0% |
| Current assets | 29/58 | €166,596 | €158,266 | -€8,331 | -5.0% |
| Amounts receivable after more than one year | 29 | €166,594 | €158,195 | -€8,399 | -5.0% |
| Other amounts receivable | 291 | €166,594 | €158,195 | -€8,399 | -5.0% |
| Cash at bank and in hand | 54/58 | €3 | €71 | +€68 | +2679.2% |
| Total equity and liabilities | 10/49 | €166,596 | €158,266 | -€8,331 | -5.0% |
| Equity | 10/15 | €127,691 | €125,623 | -€2,067 | -1.6% |
| Contributions | 10/11 | €108,460 | €108,460 | = | 0.0% |
| Reserves | 13 | €19,200 | €17,100 | -€2,100 | -10.9% |
| Distributable reserves | 133 | €19,200 | €17,100 | -€2,100 | -10.9% |
| Profit (loss) carried forward | 14 | €31 | €63 | +€33 | +106.6% |
| Amounts payable | 17/49 | €38,906 | €32,642 | -€6,263 | -16.1% |
| Amounts payable after more than one year | 17 | €31,946 | €32,642 | +€696 | +2.2% |
| Other amounts payable | 178/9 | €31,946 | €32,642 | +€696 | +2.2% |
| Amounts payable within one year | 42/48 | €6,960 | - | -€6,960 | |
| Financial debts | 43 | €6,960 | - | -€6,960 | |
| Credit institutions | 430/8 | €6,960 | - | -€6,960 | |
| Gross operating margin | 9900 | -€315 | -€696 | -€382 | -121.4% |
| Operating profit (loss) | 9901 | -€315 | -€696 | -€382 | -121.4% |
| Financial charges | 65/66B | €1,212 | €1,371 | +€159 | +13.1% |
| Recurring financial charges | 65 | €1,212 | €1,371 | +€159 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,527 | -€2,067 | -€541 | -35.4% |
| Profit (loss) for the period | 9904 | -€1,527 | -€2,067 | -€541 | -35.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,527 | -€2,067 | -€541 | -35.4% |
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 3 October 2026 via checked.be.