AKBEL 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.
AKBEL IMMO
Largest movements
- Tangible fixed assets -€45,574
down €45,574 (-1.9%), from €2.4m to €2.4m
- Profit (loss) carried forward -€45,389
down €45,389 (-25.8%), from -€175,718 to -€221,107
- Depreciation -€38,617
down €38,617 (-35.2%), from €109,701 to €71,085
- Gross operating margin -€12,195
down €12,195 (-13.9%), from €87,530 to €75,335
- Financial charges +€4,225
up €4,225 (+22.8%), from €18,539 to €22,765
- Other operating charges +€1,645
up €1,645 (+6.5%), from €25,230 to €26,875
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 | €2,459,503 | €2,421,658 | -€37,845 | -1.5% |
| Fixed assets | 21/28 | €2,436,185 | €2,390,612 | -€45,574 | -1.9% |
| Tangible fixed assets | 22/27 | €2,436,185 | €2,390,612 | -€45,574 | -1.9% |
| Land and buildings | 22 | €2,436,185 | €2,390,612 | -€45,574 | -1.9% |
| Current assets | 29/58 | €23,318 | €31,046 | +€7,728 | +33.1% |
| Amounts receivable within one year | 40/41 | €13,100 | €13,100 | = | 0.0% |
| Trade receivables | 40 | €13,100 | €13,100 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,218 | €17,946 | +€7,728 | +75.6% |
| Total equity and liabilities | 10/49 | €2,459,503 | €2,421,658 | -€37,845 | -1.5% |
| Equity | 10/15 | €1,793,819 | €1,748,430 | -€45,389 | -2.5% |
| Contributions | 10/11 | €1,964,579 | €1,964,579 | = | 0.0% |
| Reserves | 13 | €4,958 | €4,958 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,958 | €4,958 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,958 | €4,958 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€175,718 | -€221,107 | -€45,389 | -25.8% |
| Amounts payable | 17/49 | €665,684 | €673,228 | +€7,544 | +1.1% |
| Amounts payable after more than one year | 17 | €514,001 | €520,750 | +€6,749 | +1.3% |
| Financial debts | 170/4 | €514,001 | €520,750 | +€6,749 | +1.3% |
| Amounts payable within one year | 42/48 | €151,683 | €152,478 | +€795 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €31,169 | €35,119 | +€3,951 | +12.7% |
| Trade debts | 44 | €4,608 | €1,193 | -€3,415 | -74.1% |
| Suppliers | 440/4 | €4,608 | €1,193 | -€3,415 | -74.1% |
| Other amounts payable | 47/48 | €115,907 | €116,166 | +€259 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,701 | €71,085 | -€38,617 | -35.2% |
| Other operating charges | 640/8 | €25,230 | €26,875 | +€1,645 | +6.5% |
| Gross operating margin | 9900 | €87,530 | €75,335 | -€12,195 | -13.9% |
| Operating profit (loss) | 9901 | -€47,401 | -€22,625 | +€24,777 | +52.3% |
| Financial charges | 65/66B | €18,539 | €22,765 | +€4,225 | +22.8% |
| Recurring financial charges | 65 | €18,539 | €22,765 | +€4,225 | +22.8% |
| Profit (loss) for the period before taxes | 9903 | -€65,941 | -€45,389 | +€20,551 | +31.2% |
| Profit (loss) for the period | 9904 | -€65,941 | -€45,389 | +€20,551 | +31.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€65,941 | -€45,389 | +€20,551 | +31.2% |
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 19 October 2026 via checked.be.