AFLM 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.
AFLM IMMO
Largest movements
- Receivables within one year -€38,392
down €38,392 (-40.0%), from €95,876 to €57,483
of which Trade receivables: -€25,410
- Tangible fixed assets -€9,538
down €9,538 (-4.3%), from €223,401 to €213,863
- Cash +€7,603
up €7,603 (+2,045%), from €372 to €7,975
mainly Receivables within one year (+€38,392) and Depreciation (+€9,538)
- Other debts -€30,000
down €30,000 (-42.3%), from €70,980 to €40,980
- Debts after one year -€11,286
down €11,286 (-6.9%), from €163,015 to €151,729
- Gross operating margin -€2,269
down €2,269 (-10.9%), from €20,849 to €18,580
- Staff costs -€501
no longer reported in 2025 (was €501)
- Financial charges -€320
down €320 (-5.3%), from €6,028 to €5,708
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.
Derived cash bridge
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 | €320,728 | €279,321 | -€41,407 | -12.9% |
| Fixed assets | 21/28 | €223,401 | €213,863 | -€9,538 | -4.3% |
| Tangible fixed assets | 22/27 | €223,401 | €213,863 | -€9,538 | -4.3% |
| Land and buildings | 22 | €223,401 | €213,863 | -€9,538 | -4.3% |
| Current assets | 29/58 | €97,327 | €65,458 | -€31,869 | -32.7% |
| Amounts receivable within one year | 40/41 | €95,876 | €57,483 | -€38,392 | -40.0% |
| Trade receivables | 40 | €72,873 | €47,463 | -€25,410 | -34.9% |
| Other amounts receivable | 41 | €23,002 | €10,020 | -€12,982 | -56.4% |
| Cash at bank and in hand | 54/58 | €372 | €7,975 | +€7,603 | +2,045% |
| Deferred charges and accrued income | 490/1 | €1,080 | €0 | -€1,080 | -100% |
| Total equity and liabilities | 10/49 | €320,728 | €279,321 | -€41,407 | -12.9% |
| Equity | 10/15 | €20,416 | €21,699 | +€1,283 | +6.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,416 | €11,699 | +€1,283 | +12.3% |
| Amounts payable | 17/49 | €300,312 | €257,622 | -€42,690 | -14.2% |
| Amounts payable after more than one year | 17 | €163,015 | €151,729 | -€11,286 | -6.9% |
| Financial debts | 170/4 | €163,015 | €151,729 | -€11,286 | -6.9% |
| Amounts payable within one year | 42/48 | €137,297 | €105,893 | -€31,404 | -22.9% |
| Current portion of amounts payable after more than one year | 42 | €12,294 | €11,286 | -€1,008 | -8.2% |
| Trade debts | 44 | €51,812 | €51,348 | -€465 | -0.9% |
| Suppliers | 440/4 | €51,812 | €51,348 | -€465 | -0.9% |
| Taxes, remuneration and social security | 45 | €2,211 | €2,279 | +€68 | +3.1% |
| Taxes | 450/3 | €2,211 | €2,279 | +€68 | +3.1% |
| Other amounts payable | 47/48 | €70,980 | €40,980 | -€30,000 | -42.3% |
| Remuneration, social security and pensions | 62 | €501 | - | -€501 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,538 | €9,538 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,668 | €1,721 | +€53 | +3.2% |
| Gross operating margin | 9900 | €20,849 | €18,580 | -€2,269 | -10.9% |
| Operating profit (loss) | 9901 | €9,141 | €7,320 | -€1,821 | -19.9% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €6,028 | €5,708 | -€320 | -5.3% |
| Recurring financial charges | 65 | €6,028 | €5,708 | -€320 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €3,114 | €1,612 | -€1,502 | -48.2% |
| Income taxes | 67/77 | €411 | €329 | -€82 | -19.9% |
| Profit (loss) for the period | 9904 | €2,703 | €1,283 | -€1,420 | -52.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,703 | €1,283 | -€1,420 | -52.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.