AN-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.
AN-IMMO
Largest movements
- Receivables within one year -€187,913
down €187,913 (-62.9%), from €298,788 to €110,875
of which Other amounts receivable: -€186,985
- Cash +€120,002
up €120,002 (+1,647%), from €7,288 to €127,290
mainly Receivables within one year (+€187,913) and Depreciation (+€35,854)
- Tangible fixed assets +€35,799
up €35,799 (+5.3%), from €671,962 to €707,761
of which Land and buildings: +€39,742
- Profit (loss) carried forward -€14,123
down €14,123 (-12.7%), from €111,374 to €97,250
- Other debts -€11,249
down €11,249 (-71.4%), from €15,748 to €4,499
- Depreciation +€8,423
up €8,423 (+30.7%), from €27,430 to €35,854
- Financial income -€1,648
down €1,648 (-22.0%), from €7,481 to €5,834
- Gross operating margin +€1,383
up €1,383 (+6.3%), from €21,889 to €23,272
- Other operating charges -€445
down €445 (-6.2%), from €7,180 to €6,735
- Financial charges -€398
down €398 (-38.3%), from €1,037 to €640
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 | €979,618 | €947,562 | -€32,056 | -3.3% |
| Fixed assets | 21/28 | €672,012 | €707,811 | +€35,799 | +5.3% |
| Tangible fixed assets | 22/27 | €671,962 | €707,761 | +€35,799 | +5.3% |
| Land and buildings | 22 | €661,658 | €701,400 | +€39,742 | +6.0% |
| Furniture and vehicles | 24 | €10,304 | €6,361 | -€3,943 | -38.3% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €307,606 | €239,751 | -€67,855 | -22.1% |
| Amounts receivable within one year | 40/41 | €298,788 | €110,875 | -€187,913 | -62.9% |
| Trade receivables | 40 | €1,400 | €472 | -€928 | -66.3% |
| Other amounts receivable | 41 | €297,388 | €110,403 | -€186,985 | -62.9% |
| Cash at bank and in hand | 54/58 | €7,288 | €127,290 | +€120,002 | +1,647% |
| Deferred charges and accrued income | 490/1 | €1,530 | €1,585 | +€55 | +3.6% |
| Total equity and liabilities | 10/49 | €979,618 | €947,562 | -€32,056 | -3.3% |
| Equity | 10/15 | €950,741 | €936,618 | -€14,123 | -1.5% |
| Contributions | 10/11 | €838,128 | €838,128 | = | 0.0% |
| Capital | 10 | €838,128 | €838,128 | = | 0.0% |
| Issued capital | 100 | €838,128 | €838,128 | = | 0.0% |
| Reserves | 13 | €1,239 | €1,239 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,239 | €1,239 | = | 0.0% |
| Legal reserve | 130 | €1,239 | €1,239 | = | 0.0% |
| Profit (loss) carried forward | 14 | €111,374 | €97,250 | -€14,123 | -12.7% |
| Amounts payable | 17/49 | €28,877 | €10,944 | -€17,933 | -62.1% |
| Amounts payable within one year | 42/48 | €25,034 | €7,432 | -€17,603 | -70.3% |
| Trade debts | 44 | €8,435 | €2,932 | -€5,502 | -65.2% |
| Suppliers | 440/4 | €8,435 | €2,932 | -€5,502 | -65.2% |
| Taxes, remuneration and social security | 45 | €851 | €0 | -€851 | -100% |
| Taxes | 450/3 | €851 | €0 | -€851 | -100% |
| Other amounts payable | 47/48 | €15,748 | €4,499 | -€11,249 | -71.4% |
| Accrued charges and deferred income | 492/3 | €3,842 | €3,512 | -€330 | -8.6% |
| Non-recurring operating income | 76A | €56 | €0 | -€56 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,430 | €35,854 | +€8,423 | +30.7% |
| Other operating charges | 640/8 | €7,180 | €6,735 | -€445 | -6.2% |
| Non-recurring operating charges | 66A | €94 | €0 | -€94 | -100% |
| Gross operating margin | 9900 | €21,889 | €23,272 | +€1,383 | +6.3% |
| Operating profit (loss) | 9901 | -€12,815 | -€19,317 | -€6,502 | -50.7% |
| Financial income | 75/76B | €7,481 | €5,834 | -€1,648 | -22.0% |
| Recurring financial income | 75 | €7,481 | €5,834 | -€1,648 | -22.0% |
| Financial charges | 65/66B | €1,037 | €640 | -€398 | -38.3% |
| Recurring financial charges | 65 | €1,037 | €640 | -€398 | -38.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,372 | -€14,123 | -€7,752 | -122% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€6,372 | -€14,123 | -€7,752 | -122% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,372 | -€14,123 | -€7,752 | -122% |
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 20 October 2026 via checked.be.