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AMCF 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.

What changed

AMCF IMMO

BE 1010.244.409
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€3,756
2024 · €7,636-€11,392
Equity
€6,880
2024 · €10,636-€3,756
Cash
€64
2024 · €8,012-€7,948
Balance sheet total
€221,538
2024 · €230,696-€9,158

Largest movements

2024 to 2025
Assets
  • Cash -€7,948

    down €7,948 (-99.2%), from €8,012 to €64

    mainly Other debts (-€15,943) and Trade debts (-€11,898)

Equity and liabilities
  • Debts after one year +€19,357

    up €19,357 (+12.3%), from €156,912 to €176,270

  • Other debts -€15,943

    down €15,943 (-41.1%), from €38,789 to €22,846

  • Trade debts -€11,898

    down €11,898 (-93.5%), from €12,719 to €820

  • Profit (loss) carried forward -€3,756

    down €3,756 (-49.2%), from €7,636 to €3,880

  • Tax, wage and social debts +€2,675

    up €2,675 (+140.1%), from €1,909 to €4,584

Income statement
  • Depreciation +€9,124

    up €9,124 (+887.8%), from €1,028 to €10,151

  • Financial charges +€7,562

    up €7,562 (+548.0%), from €1,380 to €8,941

  • Gross operating margin +€3,389

    up €3,389 (+28.4%), from €11,948 to €15,337

  • Taxes -€1,909

    no longer reported in 2025 (was €1,909)

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €7,636
Gross operating margin +€3,389
Depreciation -€9,124
Financial income -€5
Financial charges -€7,562
Taxes +€1,909
Result 2025 -€3,756

Cash bridge derived

cash 2024 to 2025

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.

From operations -€17,696
Investment -€10,061
Financing +€19,809
Cash 2024 €8,012
Net result for the year -€3,756
Depreciation +€10,151
Receivables within one year +€825
Deferred charges and accrued income +€295
Trade debts -€11,898
Tax, wage and social debts +€2,675
Other debts -€15,943
Accrued charges and deferred income -€46
Investment in fixed assets (net) -€10,061
Debts after one year +€19,357
Current portion of long-term debt +€452
Cash 2025 €64
Every line side by side 38 lines
Line Code 2024 2025 Change %
Total assets 20/58 €230,696 €221,538 -€9,158 -4.0%
Formation expenses 20 €16,721 €16,721 = 0.0%
Fixed assets 21/28 €204,843 €204,753 -€90 0.0%
Tangible fixed assets 22/27 €204,843 €204,753 -€90 0.0%
Land and buildings 22 €184,890 €186,148 +€1,258 +0.7%
Plant, machinery and equipment 23 €5,904 €5,503 -€401 -6.8%
Furniture and vehicles 24 €14,049 €13,102 -€947 -6.7%
Current assets 29/58 €9,132 €64 -€9,068 -99.3%
Amounts receivable within one year 40/41 €825 - -€825
Other amounts receivable 41 €825 - -€825
Cash at bank and in hand 54/58 €8,012 €64 -€7,948 -99.2%
Deferred charges and accrued income 490/1 €295 - -€295
Total equity and liabilities 10/49 €230,696 €221,538 -€9,158 -4.0%
Equity 10/15 €10,636 €6,880 -€3,756 -35.3%
Contributions 10/11 €3,000 €3,000 = 0.0%
Profit (loss) carried forward 14 €7,636 €3,880 -€3,756 -49.2%
Amounts payable 17/49 €220,060 €214,658 -€5,402 -2.5%
Amounts payable after more than one year 17 €156,912 €176,270 +€19,357 +12.3%
Financial debts 170/4 €156,912 €176,270 +€19,357 +12.3%
Amounts payable within one year 42/48 €63,102 €38,389 -€24,714 -39.2%
Current portion of amounts payable after more than one year 42 €9,686 €10,138 +€452 +4.7%
Trade debts 44 €12,719 €820 -€11,898 -93.5%
Suppliers 440/4 €12,719 €820 -€11,898 -93.5%
Taxes, remuneration and social security 45 €1,909 €4,584 +€2,675 +140.1%
Taxes 450/3 €1,909 €4,584 +€2,675 +140.1%
Other amounts payable 47/48 €38,789 €22,846 -€15,943 -41.1%
Accrued charges and deferred income 492/3 €46 - -€46
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €1,028 €10,151 +€9,124 +887.8%
Gross operating margin 9900 €11,948 €15,337 +€3,389 +28.4%
Operating profit (loss) 9901 €10,920 €5,185 -€5,735 -52.5%
Financial income 75/76B €5 - -€5
Recurring financial income 75 €5 - -€5
Financial charges 65/66B €1,380 €8,941 +€7,562 +548.0%
Recurring financial charges 65 €1,380 €8,941 +€7,562 +548.0%
Profit (loss) for the period before taxes 9903 €9,545 -€3,756 -€13,301
Income taxes 67/77 €1,909 - -€1,909
Profit (loss) for the period 9904 €7,636 -€3,756 -€11,392
Profit (loss) for the period to be appropriated 9905 €7,636 -€3,756 -€11,392

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 30 September 2026 via checked.be.