ALINIMMO: 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.
ALINIMMO
Largest movements
- Stocks and contracts -€510,791
down €510,791 (-45.9%), from €1.1m to €602,166
- Receivables within one year +€41,750
new in 2025: €41,750
- Tangible fixed assets -€25,992
down €25,992 (-3.3%), from €776,904 to €750,912
of which Land and buildings: -€19,658
- Short-term financial debts -€300,164
down €300,164 (-48.2%), from €622,798 to €322,635
- Other debts -€112,288
down €112,288 (-19.9%), from €565,463 to €453,175
- Profit (loss) carried forward -€57,567
down €57,567 (-72.6%), from €79,274 to €21,707
- Gross operating margin +€51,634
up €51,634, from -€46,443 to €5,191
- Financial charges -€7,643
down €7,643 (-21.9%), from €34,864 to €27,221
- Other operating charges +€6,520
up €6,520 (+79.9%), from €8,157 to €14,677
- Depreciation -€2,676
down €2,676 (-9.2%), from €29,147 to €26,471
- Financial income +€1,152
new in 2025: €1,152
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,901,416 | €1,402,531 | -€498,885 | -26.2% |
| Fixed assets | 21/28 | €776,904 | €750,912 | -€25,992 | -3.3% |
| Tangible fixed assets | 22/27 | €776,904 | €750,912 | -€25,992 | -3.3% |
| Land and buildings | 22 | €729,820 | €710,162 | -€19,658 | -2.7% |
| Furniture and vehicles | 24 | €27,380 | €24,008 | -€3,371 | -12.3% |
| Other tangible fixed assets | 26 | €19,704 | €16,742 | -€2,962 | -15.0% |
| Current assets | 29/58 | €1,124,512 | €651,619 | -€472,893 | -42.1% |
| Stocks and contracts in progress | 3 | €1,112,957 | €602,166 | -€510,791 | -45.9% |
| Stocks | 30/36 | €1,112,957 | €602,166 | -€510,791 | -45.9% |
| Amounts receivable within one year | 40/41 | - | €41,750 | +€41,750 | |
| Trade receivables | 40 | - | €41,750 | +€41,750 | |
| Cash at bank and in hand | 54/58 | €11,555 | €7,703 | -€3,852 | -33.3% |
| Total equity and liabilities | 10/49 | €1,901,416 | €1,402,531 | -€498,885 | -26.2% |
| Equity | 10/15 | €625,441 | €561,472 | -€63,969 | -10.2% |
| Contributions | 10/11 | €383,803 | €383,803 | = | 0.0% |
| Reserves | 13 | €162,364 | €155,962 | -€6,402 | -3.9% |
| Non-distributable reserves | 130/1 | €14,000 | €14,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,000 | €14,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €131,792 | €125,390 | -€6,402 | -4.9% |
| Distributable reserves | 133 | €16,572 | €16,572 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,274 | €21,707 | -€57,567 | -72.6% |
| Provisions and deferred taxes | 16 | €67,863 | €64,566 | -€3,297 | -4.9% |
| Deferred taxes | 168 | €67,863 | €64,566 | -€3,297 | -4.9% |
| Amounts payable | 17/49 | €1,208,113 | €776,494 | -€431,619 | -35.7% |
| Amounts payable within one year | 42/48 | €1,208,113 | €776,494 | -€431,619 | -35.7% |
| Current portion of amounts payable after more than one year | 42 | €458 | - | -€458 | |
| Financial debts | 43 | €622,798 | €322,635 | -€300,164 | -48.2% |
| Credit institutions | 430/8 | €622,798 | €322,635 | -€300,164 | -48.2% |
| Trade debts | 44 | €19,393 | €684 | -€18,709 | -96.5% |
| Suppliers | 440/4 | €19,393 | €684 | -€18,709 | -96.5% |
| Other amounts payable | 47/48 | €565,463 | €453,175 | -€112,288 | -19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,147 | €26,471 | -€2,676 | -9.2% |
| Other operating charges | 640/8 | €8,157 | €14,677 | +€6,520 | +79.9% |
| Gross operating margin | 9900 | -€46,443 | €5,191 | +€51,634 | |
| Operating profit (loss) | 9901 | -€83,747 | -€35,957 | +€47,791 | +57.1% |
| Financial income | 75/76B | - | €1,152 | +€1,152 | |
| Recurring financial income | 75 | - | €1,152 | +€1,152 | |
| Financial charges | 65/66B | €34,864 | €27,221 | -€7,643 | -21.9% |
| Recurring financial charges | 65 | €34,864 | €27,221 | -€7,643 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | -€118,612 | -€62,026 | +€56,586 | +47.7% |
| Transfer from deferred taxes | 780 | €3,297 | €3,297 | = | 0.0% |
| Income taxes | 67/77 | - | €140 | +€140 | |
| Profit (loss) for the period | 9904 | -€115,315 | -€58,869 | +€56,446 | +48.9% |
| Transfer from tax-exempt reserves | 789 | €6,402 | €6,402 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€108,913 | -€52,467 | +€56,446 | +51.8% |
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 28 September 2026 via checked.be.