ADMIMMO: 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.
What changed
ADMIMMO
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€211,199
2024 · €182,155+€29,044
Equity
€1.0m
2024 · €919,411+€118,449
Cash
€246,585
2024 · €279,664-€33,079
Balance sheet total
€3.3m
2024 · €3.5m-€154,847
Largest movements
Assets
- Tangible fixed assets -€95,886
down €95,886 (-3.1%), from €3.1m to €3.0m
of which Land and buildings: -€102,653
Equity and liabilities
- Debts after one year -€209,563
down €209,563 (-10.5%), from €2.0m to €1.8m
- Reserves +€112,250
up €112,250 (+12.4%), from €908,635 to €1.0m
of which Distributable reserves: +€112,250
- Other debts -€93,103
down €93,103 (-50.1%), from €185,853 to €92,750
Income statement
- Gross operating margin +€42,832
up €42,832 (+6.8%), from €631,819 to €674,651
- Turnover +€37,143
up €37,143 (+4.9%), from €759,723 to €796,866
- Taxes +€14,551
up €14,551 (+26.2%), from €55,481 to €70,032
- Depreciation +€13,484
up €13,484 (+6.3%), from €215,339 to €228,823
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
€182,155
Gross operating margin
+€42,832
Staff costs
+€7,899
Depreciation
-€13,484
Other operating charges
+€4,080
Financial income
+€1,221
Financial charges
+€1,047
Taxes
-€14,551
Result 2025
€211,199
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
+€401,527
Investment
-€132,936
Financing
-€301,670
Cash 2024
€279,664
From operations (derived)
+€401,527
Net result for the year
+€211,199
Depreciation
+€228,823
Receivables within one year
+€25,882
Trade debts
+€16,627
Tax, wage and social debts
+€11,600
Other debts
-€93,103
Accrued charges and deferred income
+€500
Investment (derived)
-€132,936
Investment in fixed assets (net)
-€132,936
Financing
-€301,670
Debts after one year
-€209,563
Current portion of long-term debt
+€643
Contributions, distributions and other
-€92,750
Cash 2025
€246,585
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,476,231 | €3,321,383 | -€154,847 | -4.5% |
| Fixed assets | 21/28 | €3,121,809 | €3,025,922 | -€95,886 | -3.1% |
| Tangible fixed assets | 22/27 | €3,121,809 | €3,025,922 | -€95,886 | -3.1% |
| Land and buildings | 22 | €3,017,662 | €2,915,009 | -€102,653 | -3.4% |
| Leasing and similar rights | 25 | €6,039 | €596 | -€5,442 | -90.1% |
| Other tangible fixed assets | 26 | €98,108 | €110,317 | +€12,209 | +12.4% |
| Current assets | 29/58 | €354,422 | €295,461 | -€58,961 | -16.6% |
| Amounts receivable within one year | 40/41 | €74,758 | €48,876 | -€25,882 | -34.6% |
| Trade receivables | 40 | €55,839 | €12,104 | -€43,735 | -78.3% |
| Other amounts receivable | 41 | €18,919 | €36,772 | +€17,853 | +94.4% |
| Cash at bank and in hand | 54/58 | €279,664 | €246,585 | -€33,079 | -11.8% |
| Total equity and liabilities | 10/49 | €3,476,231 | €3,321,383 | -€154,847 | -4.5% |
| Equity | 10/15 | €919,411 | €1,037,860 | +€118,449 | +12.9% |
| Contributions | 10/11 | €8,600 | €8,600 | = | 0.0% |
| Reserves | 13 | €908,635 | €1,020,885 | +€112,250 | +12.4% |
| Non-distributable reserves | 130/1 | €860 | €860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €860 | €860 | = | 0.0% |
| Distributable reserves | 133 | €907,775 | €1,020,025 | +€112,250 | +12.4% |
| Profit (loss) carried forward | 14 | €2,177 | €8,376 | +€6,199 | +284.8% |
| Amounts payable | 17/49 | €2,556,819 | €2,283,523 | -€273,296 | -10.7% |
| Amounts payable after more than one year | 17 | €2,004,109 | €1,794,546 | -€209,563 | -10.5% |
| Financial debts | 170/4 | €2,004,109 | €1,794,546 | -€209,563 | -10.5% |
| Amounts payable within one year | 42/48 | €552,710 | €488,477 | -€64,233 | -11.6% |
| Current portion of amounts payable after more than one year | 42 | €306,203 | €306,847 | +€643 | +0.2% |
| Financial debts | 43 | €41,446 | €41,446 | = | 0.0% |
| Credit institutions | 430/8 | €41,446 | €41,446 | = | 0.0% |
| Trade debts | 44 | €190 | €16,817 | +€16,627 | +8732.9% |
| Suppliers | 440/4 | €190 | €16,817 | +€16,627 | +8732.9% |
| Taxes, remuneration and social security | 45 | €19,018 | €30,618 | +€11,600 | +61.0% |
| Taxes | 450/3 | €11,371 | €21,406 | +€10,035 | +88.3% |
| Remuneration and social security | 454/9 | €7,647 | €9,212 | +€1,565 | +20.5% |
| Other amounts payable | 47/48 | €185,853 | €92,750 | -€93,103 | -50.1% |
| Accrued charges and deferred income | 492/3 | - | €500 | +€500 | |
| Turnover | 70 | €759,723 | €796,866 | +€37,143 | +4.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €127,904 | €122,215 | -€5,689 | -4.4% |
| Remuneration, social security and pensions | 62 | €68,637 | €60,739 | -€7,899 | -11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €215,339 | €228,823 | +€13,484 | +6.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €48,435 | €48,435 | = | 0.0% |
| Other operating charges | 640/8 | €8,142 | €4,061 | -€4,080 | -50.1% |
| Gross operating margin | 9900 | €631,819 | €674,651 | +€42,832 | +6.8% |
| Operating profit (loss) | 9901 | €291,266 | €332,593 | +€41,328 | +14.2% |
| Financial income | 75/76B | €48 | €1,269 | +€1,221 | +2559.4% |
| Recurring financial income | 75 | €48 | €1,269 | +€1,221 | +2559.4% |
| Financial charges | 65/66B | €53,678 | €52,631 | -€1,047 | -1.9% |
| Recurring financial charges | 65 | €53,678 | €52,631 | -€1,047 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €237,635 | €281,231 | +€43,595 | +18.3% |
| Income taxes | 67/77 | €55,481 | €70,032 | +€14,551 | +26.2% |
| Profit (loss) for the period | 9904 | €182,155 | €211,199 | +€29,044 | +15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €182,155 | €211,199 | +€29,044 | +15.9% |
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.