ALT'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.
ALT'IMMO
Largest movements
- Tangible fixed assets -€23,284
down €23,284 (-4.2%), from €555,077 to €531,793
of which Land and buildings: -€18,391
- Other debts -€23,000
down €23,000 (-11.1%), from €208,032 to €185,032
- Debts after one year -€22,591
down €22,591 (-5.1%), from €439,535 to €416,944
- Profit (loss) carried forward +€19,259
up €19,259 (+15.7%), from -€122,745 to -€103,486
- Gross operating margin +€8,238
up €8,238 (+19.9%), from €41,306 to €49,544
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 | €576,566 | €551,633 | -€24,933 | -4.3% |
| Fixed assets | 21/28 | €555,077 | €531,793 | -€23,284 | -4.2% |
| Tangible fixed assets | 22/27 | €555,077 | €531,793 | -€23,284 | -4.2% |
| Land and buildings | 22 | €531,041 | €512,649 | -€18,391 | -3.5% |
| Plant, machinery and equipment | 23 | €18,738 | €15,306 | -€3,432 | -18.3% |
| Furniture and vehicles | 24 | €5,299 | €3,838 | -€1,461 | -27.6% |
| Current assets | 29/58 | €21,489 | €19,840 | -€1,649 | -7.7% |
| Stocks and contracts in progress | 3 | €493 | €493 | = | 0.0% |
| Stocks | 30/36 | €493 | €493 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €20,415 | €18,807 | -€1,608 | -7.9% |
| Deferred charges and accrued income | 490/1 | €580 | €540 | -€41 | -7.0% |
| Total equity and liabilities | 10/49 | €576,566 | €551,633 | -€24,933 | -4.3% |
| Equity | 10/15 | -€100,745 | -€81,486 | +€19,259 | +19.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | - | -€20,000 | |
| Issued capital | 100 | €20,000 | - | -€20,000 | |
| Outside capital | 11 | - | €20,000 | +€20,000 | |
| Other | 1109/19 | - | €20,000 | +€20,000 | |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€122,745 | -€103,486 | +€19,259 | +15.7% |
| Amounts payable | 17/49 | €677,311 | €633,119 | -€44,192 | -6.5% |
| Amounts payable after more than one year | 17 | €439,535 | €416,944 | -€22,591 | -5.1% |
| Financial debts | 170/4 | €439,535 | €416,944 | -€22,591 | -5.1% |
| Amounts payable within one year | 42/48 | €237,776 | €216,175 | -€21,601 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €22,266 | €22,591 | +€325 | +1.5% |
| Trade debts | 44 | €2,353 | €3,001 | +€649 | +27.6% |
| Suppliers | 440/4 | €2,353 | €3,001 | +€649 | +27.6% |
| Taxes, remuneration and social security | 45 | €5,125 | €5,550 | +€425 | +8.3% |
| Taxes | 450/3 | €5,125 | €5,550 | +€425 | +8.3% |
| Other amounts payable | 47/48 | €208,032 | €185,032 | -€23,000 | -11.1% |
| Non-recurring operating income | 76A | €300 | - | -€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,167 | €23,284 | +€117 | +0.5% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €41,306 | €49,544 | +€8,238 | +19.9% |
| Operating profit (loss) | 9901 | €17,752 | €25,860 | +€8,108 | +45.7% |
| Financial charges | 65/66B | €7,053 | €6,601 | -€452 | -6.4% |
| Recurring financial charges | 65 | €7,053 | €6,601 | -€452 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €10,699 | €19,259 | +€8,560 | +80.0% |
| Profit (loss) for the period | 9904 | €10,699 | €19,259 | +€8,560 | +80.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,699 | €19,259 | +€8,560 | +80.0% |
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 1 October 2026 via checked.be.