ALS IMMO: 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.
ALS IMMO
Largest movements
- Tangible fixed assets -€16,375
down €16,375 (-3.9%), from €417,601 to €401,226
- Debts after one year -€11,402
down €11,402 (-4.3%), from €262,191 to €250,789
- Profit (loss) carried forward -€8,954
down €8,954 (-209.7%), from -€4,270 to -€13,224
- Gross operating margin -€11,708
down €11,708 (-38.7%), from €30,256 to €18,548
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 | €429,036 | €411,688 | -€17,348 | -4.0% |
| Formation expenses | 20 | €625 | €398 | -€227 | -36.3% |
| Fixed assets | 21/28 | €417,601 | €401,226 | -€16,375 | -3.9% |
| Tangible fixed assets | 22/27 | €417,601 | €401,226 | -€16,375 | -3.9% |
| Land and buildings | 22 | €417,601 | €401,226 | -€16,375 | -3.9% |
| Current assets | 29/58 | €10,810 | €10,064 | -€746 | -6.9% |
| Amounts receivable within one year | 40/41 | €6,325 | €7,500 | +€1,175 | +18.6% |
| Trade receivables | 40 | €6,000 | €6,000 | = | 0.0% |
| Other amounts receivable | 41 | €325 | €1,500 | +€1,175 | +361.5% |
| Cash at bank and in hand | 54/58 | €4,198 | €2,240 | -€1,958 | -46.6% |
| Deferred charges and accrued income | 490/1 | €287 | €324 | +€37 | +12.9% |
| Total equity and liabilities | 10/49 | €429,036 | €411,688 | -€17,348 | -4.0% |
| Equity | 10/15 | €730 | -€8,224 | -€8,954 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,270 | -€13,224 | -€8,954 | -209.7% |
| Amounts payable | 17/49 | €428,306 | €419,912 | -€8,394 | -2.0% |
| Amounts payable after more than one year | 17 | €262,191 | €250,789 | -€11,402 | -4.3% |
| Financial debts | 170/4 | €262,191 | €250,789 | -€11,402 | -4.3% |
| Amounts payable within one year | 42/48 | €166,115 | €169,123 | +€3,008 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €11,041 | €11,402 | +€361 | +3.3% |
| Trade debts | 44 | €60,118 | €62,113 | +€1,995 | +3.3% |
| Suppliers | 440/4 | €60,118 | €62,113 | +€1,995 | +3.3% |
| Other amounts payable | 47/48 | €94,956 | €95,608 | +€652 | +0.7% |
| Non-recurring operating income | 76A | €100 | - | -€100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,602 | €16,602 | = | 0.0% |
| Other operating charges | 640/8 | €1,238 | €1,500 | +€262 | +21.2% |
| Gross operating margin | 9900 | €30,256 | €18,548 | -€11,708 | -38.7% |
| Operating profit (loss) | 9901 | €12,416 | €446 | -€11,970 | -96.4% |
| Financial charges | 65/66B | €9,135 | €9,400 | +€265 | +2.9% |
| Recurring financial charges | 65 | €9,135 | €9,400 | +€265 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €3,281 | -€8,954 | -€12,235 | |
| Profit (loss) for the period | 9904 | €3,281 | -€8,954 | -€12,235 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,281 | -€8,954 | -€12,235 |
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 9 October 2026 via checked.be.