AL IMMOBILIERE: 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.
AL IMMOBILIERE
Largest movements
- Tangible fixed assets +€30,904
up €30,904 (+5.1%), from €601,543 to €632,447
of which Land and buildings: +€23,896
- Deferred charges and accrued income +€11,283
up €11,283 (+965%), from €1,169 to €12,452
- Trade debts +€53,001
up €53,001 (+5,586%), from €949 to €53,950
- Debts after one year -€48,136
down €48,136 (-11.2%), from €429,788 to €381,653
- Profit (loss) carried forward +€28,440
up €28,440 (+49.8%), from -€57,156 to -€28,716
- Depreciation -€78,611
down €78,611 (-77.4%), from €101,582 to €22,971
- Financial charges -€10,575
down €10,575 (-40.4%), from €26,166 to €15,591
- Gross operating margin -€3,963
down €3,963 (-5.2%), from €75,814 to €71,851
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 | €606,367 | €645,292 | +€38,925 | +6.4% |
| Fixed assets | 21/28 | €601,543 | €632,447 | +€30,904 | +5.1% |
| Tangible fixed assets | 22/27 | €601,543 | €632,447 | +€30,904 | +5.1% |
| Land and buildings | 22 | €601,543 | €625,439 | +€23,896 | +4.0% |
| Plant, machinery and equipment | 23 | - | €7,008 | +€7,008 | |
| Current assets | 29/58 | €4,824 | €12,845 | +€8,021 | +166% |
| Amounts receivable within one year | 40/41 | - | €394 | +€394 | |
| Other amounts receivable | 41 | - | €394 | +€394 | |
| Cash at bank and in hand | 54/58 | €3,655 | €0 | -€3,655 | -100% |
| Deferred charges and accrued income | 490/1 | €1,169 | €12,452 | +€11,283 | +965% |
| Total equity and liabilities | 10/49 | €606,367 | €645,292 | +€38,925 | +6.4% |
| Equity | 10/15 | -€47,156 | -€18,716 | +€28,440 | +60.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,156 | -€28,716 | +€28,440 | +49.8% |
| Amounts payable | 17/49 | €653,523 | €664,009 | +€10,486 | +1.6% |
| Amounts payable after more than one year | 17 | €429,788 | €381,653 | -€48,136 | -11.2% |
| Financial debts | 170/4 | €429,788 | €381,653 | -€48,136 | -11.2% |
| Amounts payable within one year | 42/48 | €223,733 | €278,352 | +€54,618 | +24.4% |
| Current portion of amounts payable after more than one year | 42 | €42,575 | €44,193 | +€1,617 | +3.8% |
| Trade debts | 44 | €949 | €53,950 | +€53,001 | +5,586% |
| Suppliers | 440/4 | €949 | €53,950 | +€53,001 | +5,586% |
| Other amounts payable | 47/48 | €180,209 | €180,209 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1 | €4,005 | +€4,003 | +296,531% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,582 | €22,971 | -€78,611 | -77.4% |
| Other operating charges | 640/8 | €5,222 | €4,849 | -€373 | -7.1% |
| Gross operating margin | 9900 | €75,814 | €71,851 | -€3,963 | -5.2% |
| Operating profit (loss) | 9901 | -€30,990 | €44,031 | +€75,021 | |
| Financial charges | 65/66B | €26,166 | €15,591 | -€10,575 | -40.4% |
| Recurring financial charges | 65 | €26,166 | €15,591 | -€10,575 | -40.4% |
| Profit (loss) for the period before taxes | 9903 | -€57,156 | €28,440 | +€85,596 | |
| Profit (loss) for the period | 9904 | -€57,156 | €28,440 | +€85,596 | |
| Profit (loss) for the period to be appropriated | 9905 | -€57,156 | €28,440 | +€85,596 |
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 24 October 2026 via checked.be.