ALUR 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.
ALUR IMMO
Largest movements
- Cash -€90,082
down €90,082 (-33.2%), from €271,503 to €181,420
mainly Investment in fixed assets (net) (-€94,761) and Net result for the year (-€20,629)
- Tangible fixed assets +€60,676
up €60,676 (+34.1%), from €178,080 to €238,757
of which Furniture and vehicles: +€54,289
- Receivables within one year -€6,934
down €6,934 (-16.6%), from €41,785 to €34,851
of which Trade receivables: -€15,355
- Profit (loss) carried forward -€20,629
down €20,629 (-5.1%), from €407,397 to €386,768
- Other debts -€11,990
down €11,990 (-99.9%), from €12,005 to €15
- Tax, wage and social debts -€6,506
no longer reported in 2025 (was €6,506)
- Depreciation +€20,011
up €20,011 (+142%), from €14,074 to €34,085
- Other operating charges +€6,041
up €6,041 (+423%), from €1,428 to €7,469
- Taxes -€3,057
down €3,057 (-58.3%), from €5,240 to €2,183
- Gross operating margin +€2,510
up €2,510 (+13.1%), from €19,189 to €21,699
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 | €491,368 | €455,028 | -€36,340 | -7.4% |
| Fixed assets | 21/28 | €178,080 | €238,757 | +€60,676 | +34.1% |
| Tangible fixed assets | 22/27 | €178,080 | €238,757 | +€60,676 | +34.1% |
| Land and buildings | 22 | €146,346 | €155,719 | +€9,374 | +6.4% |
| Furniture and vehicles | 24 | €21,894 | €76,183 | +€54,289 | +248% |
| Other tangible fixed assets | 26 | €9,841 | €6,854 | -€2,987 | -30.3% |
| Current assets | 29/58 | €313,288 | €216,271 | -€97,017 | -31.0% |
| Amounts receivable within one year | 40/41 | €41,785 | €34,851 | -€6,934 | -16.6% |
| Trade receivables | 40 | €21,405 | €6,050 | -€15,355 | -71.7% |
| Other amounts receivable | 41 | €20,380 | €28,801 | +€8,421 | +41.3% |
| Cash at bank and in hand | 54/58 | €271,503 | €181,420 | -€90,082 | -33.2% |
| Total equity and liabilities | 10/49 | €491,368 | €455,028 | -€36,340 | -7.4% |
| Equity | 10/15 | €472,857 | €452,228 | -€20,629 | -4.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €46,860 | €46,860 | = | 0.0% |
| Distributable reserves | 133 | €46,860 | €46,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €407,397 | €386,768 | -€20,629 | -5.1% |
| Amounts payable | 17/49 | €18,511 | €2,800 | -€15,711 | -84.9% |
| Amounts payable within one year | 42/48 | €18,511 | €2,800 | -€15,711 | -84.9% |
| Trade debts | 44 | - | €2,785 | +€2,785 | |
| Suppliers | 440/4 | - | €2,785 | +€2,785 | |
| Taxes, remuneration and social security | 45 | €6,506 | - | -€6,506 | |
| Taxes | 450/3 | €6,506 | - | -€6,506 | |
| Other amounts payable | 47/48 | €12,005 | €15 | -€11,990 | -99.9% |
| Non-recurring operating income | 76A | - | €19,008 | +€19,008 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,074 | €34,085 | +€20,011 | +142% |
| Other operating charges | 640/8 | €1,428 | €7,469 | +€6,041 | +423% |
| Gross operating margin | 9900 | €19,189 | €21,699 | +€2,510 | +13.1% |
| Operating profit (loss) | 9901 | €3,687 | -€19,855 | -€23,542 | |
| Financial income | 75/76B | €1,542 | €1,450 | -€91 | -5.9% |
| Recurring financial income | 75 | €1,542 | €1,450 | -€91 | -5.9% |
| Financial charges | 65/66B | €38 | €42 | +€4 | +9.8% |
| Recurring financial charges | 65 | €38 | €42 | +€4 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | €5,190 | -€18,446 | -€23,637 | |
| Income taxes | 67/77 | €5,240 | €2,183 | -€3,057 | -58.3% |
| Profit (loss) for the period | 9904 | -€49 | -€20,629 | -€20,580 | -41,855% |
| Profit (loss) for the period to be appropriated | 9905 | -€49 | -€20,629 | -€20,580 | -41,855% |
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 22 October 2026 via checked.be.