AM 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.
AM IMMO
Largest movements
- Cash +€187,506
up €187,506 (+205.5%), from €91,254 to €278,760
mainly Net result for the year (+€275,601) and Deferred charges and accrued income (+€49,409)
- Receivables after one year +€106,223
up €106,223 (+109.8%), from €96,735 to €202,957
- Deferred charges and accrued income -€49,409
no longer reported in 2024 (was €49,409)
- Profit (loss) carried forward +€275,601
up €275,601 (+150.5%), from €183,092 to €458,692
- Tax, wage and social debts -€27,598
down €27,598 (-84.9%), from €32,505 to €4,907
- Gross operating margin +€146,145
up €146,145 (+65.0%), from €224,884 to €371,029
- Taxes +€36,952
up €36,952 (+64.2%), from €57,598 to €94,550
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €237,399 | €482,817 | +€245,418 | +103.4% |
| Fixed assets | 21/28 | - | €1,099 | +€1,099 | |
| Tangible fixed assets | 22/27 | - | €1,099 | +€1,099 | |
| Furniture and vehicles | 24 | - | €1,099 | +€1,099 | |
| Current assets | 29/58 | €237,399 | €481,718 | +€244,319 | +102.9% |
| Amounts receivable after more than one year | 29 | €96,735 | €202,957 | +€106,223 | +109.8% |
| Other amounts receivable | 291 | €96,735 | €202,957 | +€106,223 | +109.8% |
| Cash at bank and in hand | 54/58 | €91,254 | €278,760 | +€187,506 | +205.5% |
| Deferred charges and accrued income | 490/1 | €49,409 | - | -€49,409 | |
| Total equity and liabilities | 10/49 | €237,399 | €482,817 | +€245,418 | +103.4% |
| Equity | 10/15 | €201,692 | €477,292 | +€275,601 | +136.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | €183,092 | €458,692 | +€275,601 | +150.5% |
| Amounts payable | 17/49 | €35,707 | €5,524 | -€30,183 | -84.5% |
| Amounts payable within one year | 42/48 | €35,707 | €5,524 | -€30,183 | -84.5% |
| Trade debts | 44 | €3,201 | €617 | -€2,584 | -80.7% |
| Suppliers | 440/4 | €3,201 | €617 | -€2,584 | -80.7% |
| Taxes, remuneration and social security | 45 | €32,505 | €4,907 | -€27,598 | -84.9% |
| Taxes | 450/3 | €32,505 | €4,907 | -€27,598 | -84.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,550 | - | -€1,550 | |
| Other operating charges | 640/8 | €937 | €668 | -€269 | -28.7% |
| Gross operating margin | 9900 | €224,884 | €371,029 | +€146,145 | +65.0% |
| Operating profit (loss) | 9901 | €222,397 | €370,361 | +€147,964 | +66.5% |
| Financial charges | 65/66B | €246 | €210 | -€36 | -14.6% |
| Recurring financial charges | 65 | €246 | €210 | -€36 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €222,151 | €370,151 | +€148,000 | +66.6% |
| Income taxes | 67/77 | €57,598 | €94,550 | +€36,952 | +64.2% |
| Profit (loss) for the period | 9904 | €164,552 | €275,601 | +€111,048 | +67.5% |
| Profit (loss) for the period to be appropriated | 9905 | €164,552 | €275,601 | +€111,048 | +67.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.