AMJ 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.
AMJ IMMO
Largest movements
- Receivables within one year -€977,576
down €977,576 (-63.9%), from €1.5m to €551,894
of which Other amounts receivable: -€961,207
- Cash +€383,761
up €383,761 (+258.7%), from €148,357 to €532,118
mainly Receivables within one year (+€977,576) and Depreciation (+€272,030)
- Tangible fixed assets +€278,716
up €278,716 (+4.5%), from €6.2m to €6.5m
- Deferred charges and accrued income +€98,891
new in 2025: €98,891
- Debts after one year -€420,111
down €420,111 (-6.0%), from €7.0m to €6.6m
- Profit (loss) carried forward +€266,186
up €266,186 (+248.9%), from €106,951 to €373,137
- Gross operating margin +€321,554
up €321,554 (+71.6%), from €448,815 to €770,369
- Depreciation -€170,185
down €170,185 (-38.5%), from €442,215 to €272,030
- Financial charges +€61,334
up €61,334 (+49.0%), from €125,211 to €186,544
- Taxes +€23,334
up €23,334, from -€29 to €23,306
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 | €7,909,587 | €7,693,380 | -€216,207 | -2.7% |
| Fixed assets | 21/28 | €6,231,760 | €6,510,476 | +€278,716 | +4.5% |
| Tangible fixed assets | 22/27 | €6,231,760 | €6,510,476 | +€278,716 | +4.5% |
| Land and buildings | 22 | €6,231,760 | €6,510,476 | +€278,716 | +4.5% |
| Current assets | 29/58 | €1,677,827 | €1,182,904 | -€494,923 | -29.5% |
| Amounts receivable within one year | 40/41 | €1,529,470 | €551,894 | -€977,576 | -63.9% |
| Trade receivables | 40 | €20,695 | €4,326 | -€16,369 | -79.1% |
| Other amounts receivable | 41 | €1,508,775 | €547,568 | -€961,207 | -63.7% |
| Cash at bank and in hand | 54/58 | €148,357 | €532,118 | +€383,761 | +258.7% |
| Deferred charges and accrued income | 490/1 | - | €98,891 | +€98,891 | |
| Total equity and liabilities | 10/49 | €7,909,587 | €7,693,380 | -€216,207 | -2.7% |
| Equity | 10/15 | €238,951 | €505,137 | +€266,186 | +111.4% |
| Contributions | 10/11 | €132,000 | €120,000 | -€12,000 | -9.1% |
| Reserves | 13 | - | €12,000 | +€12,000 | |
| Non-distributable reserves | 130/1 | - | €12,000 | +€12,000 | |
| Reserves not available under the articles | 1311 | - | €12,000 | +€12,000 | |
| Profit (loss) carried forward | 14 | €106,951 | €373,137 | +€266,186 | +248.9% |
| Amounts payable | 17/49 | €7,670,636 | €7,188,242 | -€482,393 | -6.3% |
| Amounts payable after more than one year | 17 | €7,036,213 | €6,616,102 | -€420,111 | -6.0% |
| Financial debts | 170/4 | €7,036,213 | €6,616,102 | -€420,111 | -6.0% |
| Amounts payable within one year | 42/48 | €634,423 | €572,140 | -€62,283 | -9.8% |
| Current portion of amounts payable after more than one year | 42 | €419,502 | €363,648 | -€55,855 | -13.3% |
| Trade debts | 44 | €16,798 | €7,173 | -€9,625 | -57.3% |
| Suppliers | 440/4 | €16,798 | €7,173 | -€9,625 | -57.3% |
| Taxes, remuneration and social security | 45 | €1,420 | €0 | -€1,420 | -100.0% |
| Taxes | 450/3 | €1,420 | €0 | -€1,420 | -100.0% |
| Other amounts payable | 47/48 | €196,703 | €201,320 | +€4,617 | +2.3% |
| Non-recurring operating income | 76A | - | €57,760 | +€57,760 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €442,215 | €272,030 | -€170,185 | -38.5% |
| Other operating charges | 640/8 | €16,233 | €22,328 | +€6,095 | +37.5% |
| Gross operating margin | 9900 | €448,815 | €770,369 | +€321,554 | +71.6% |
| Operating profit (loss) | 9901 | -€9,633 | €476,011 | +€485,644 | |
| Financial income | 75/76B | €1,801 | €25 | -€1,776 | -98.6% |
| Recurring financial income | 75 | €1,801 | €25 | -€1,776 | -98.6% |
| Financial charges | 65/66B | €125,211 | €186,544 | +€61,334 | +49.0% |
| Recurring financial charges | 65 | €125,211 | €186,544 | +€61,334 | +49.0% |
| Profit (loss) for the period before taxes | 9903 | -€133,043 | €289,492 | +€422,535 | |
| Income taxes | 67/77 | -€29 | €23,306 | +€23,334 | |
| Profit (loss) for the period | 9904 | -€133,014 | €266,186 | +€399,200 | |
| Profit (loss) for the period to be appropriated | 9905 | -€133,014 | €266,186 | +€399,200 |
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 11 October 2026 via checked.be.