ACTALEX 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.
What changed
ACTALEX IMMO
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€102,762
2024 · €75,081+€27,681
Equity
€38,402
2024 · -€64,360+€102,762
Cash
€49,842
2024 · €40,041+€9,801
Balance sheet total
€5.4m
2024 · €5.2m+€138,160
Largest movements
Assets
- Receivables after one year +€232,000
up €232,000 (+100.4%), from €231,000 to €463,000
- Tangible fixed assets -€110,466
down €110,466 (-2.2%), from €5.0m to €4.8m
of which Land and buildings: -€139,605
Equity and liabilities
- Profit (loss) carried forward +€102,762
up €102,762 (+89.9%), from -€114,360 to -€11,598
Income statement
- Gross operating margin +€25,989
up €25,989 (+7.6%), from €343,850 to €369,839
- Other operating charges -€5,392
down €5,392 (-11.9%), from €45,464 to €40,072
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.
Result 2024
€75,081
Gross operating margin
+€25,989
Depreciation
-€742
Other operating charges
+€5,392
Financial income
-€0
Financial charges
-€2,957
Result 2025
€102,762
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.
From operations
+€28,527
Investment
-€40,814
Financing
+€22,088
Cash 2024
€40,041
From operations (derived)
+€28,527
Net result for the year
+€102,762
Depreciation
+€151,280
Receivables after one year
-€232,000
Receivables within one year
-€5,637
Deferred charges and accrued income
-€1,188
Trade debts
+€3,797
Tax, wage and social debts
+€4,761
Accrued charges and deferred income
+€4,751
Investment (derived)
-€40,814
Investment in fixed assets (net)
-€40,814
Financing
+€22,088
Debts after one year
+€17,784
Current portion of long-term debt
+€4,304
Cash 2025
€49,842
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,226,297 | €5,364,458 | +€138,160 | +2.6% |
| Fixed assets | 21/28 | €4,952,909 | €4,842,443 | -€110,466 | -2.2% |
| Tangible fixed assets | 22/27 | €4,952,909 | €4,842,443 | -€110,466 | -2.2% |
| Land and buildings | 22 | €4,952,909 | €4,813,304 | -€139,605 | -2.8% |
| Assets under construction and advance payments | 27 | - | €29,139 | +€29,139 | |
| Current assets | 29/58 | €273,389 | €522,015 | +€248,626 | +90.9% |
| Amounts receivable after more than one year | 29 | €231,000 | €463,000 | +€232,000 | +100.4% |
| Trade receivables | 290 | €231,000 | €463,000 | +€232,000 | +100.4% |
| Amounts receivable within one year | 40/41 | €1,531 | €7,168 | +€5,637 | +368.2% |
| Trade receivables | 40 | €1,531 | €6,844 | +€5,313 | +347.0% |
| Other amounts receivable | 41 | - | €324 | +€324 | |
| Cash at bank and in hand | 54/58 | €40,041 | €49,842 | +€9,801 | +24.5% |
| Deferred charges and accrued income | 490/1 | €817 | €2,005 | +€1,188 | +145.5% |
| Total equity and liabilities | 10/49 | €5,226,297 | €5,364,458 | +€138,160 | +2.6% |
| Equity | 10/15 | -€64,360 | €38,402 | +€102,762 | |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€114,360 | -€11,598 | +€102,762 | +89.9% |
| Amounts payable | 17/49 | €5,290,657 | €5,326,055 | +€35,398 | +0.7% |
| Amounts payable after more than one year | 17 | €4,982,395 | €5,000,179 | +€17,784 | +0.4% |
| Financial debts | 170/4 | €4,517,395 | €4,285,179 | -€232,216 | -5.1% |
| Other amounts payable | 178/9 | €465,000 | €715,000 | +€250,000 | +53.8% |
| Amounts payable within one year | 42/48 | €306,520 | €319,383 | +€12,863 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €286,680 | €290,985 | +€4,304 | +1.5% |
| Trade debts | 44 | €949 | €4,746 | +€3,797 | +400.1% |
| Suppliers | 440/4 | €949 | €4,746 | +€3,797 | +400.1% |
| Taxes, remuneration and social security | 45 | €18,891 | €23,652 | +€4,761 | +25.2% |
| Taxes | 450/3 | €18,891 | €23,652 | +€4,761 | +25.2% |
| Accrued charges and deferred income | 492/3 | €1,742 | €6,493 | +€4,751 | +272.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €150,538 | €151,280 | +€742 | +0.5% |
| Other operating charges | 640/8 | €45,464 | €40,072 | -€5,392 | -11.9% |
| Gross operating margin | 9900 | €343,850 | €369,839 | +€25,989 | +7.6% |
| Operating profit (loss) | 9901 | €147,849 | €178,487 | +€30,638 | +20.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -50.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -50.0% |
| Financial charges | 65/66B | €72,768 | €75,725 | +€2,957 | +4.1% |
| Recurring financial charges | 65 | €72,768 | €75,725 | +€2,957 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | €75,081 | €102,762 | +€27,681 | +36.9% |
| Profit (loss) for the period | 9904 | €75,081 | €102,762 | +€27,681 | +36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €75,081 | €102,762 | +€27,681 | +36.9% |
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.