Andries 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.
Andries Immo
Largest movements
- Tangible fixed assets -€7.4m
down €7.4m (-49.3%), from €15.0m to €7.6m
of which Land and buildings: -€7.4m
- Stocks and contracts +€5.2m
new in 2025: €5.2m
- Cash +€4.6m
up €4.6m (+677%), from €686,075 to €5.3m
mainly Investment in fixed assets (net) (+€7.3m) and Net result for the year (+€5.0m)
- Receivables after one year +€3.0m
up €3.0m (+144%), from €2.1m to €5.1m
- Receivables within one year -€346,907
down €346,907 (-56.9%), from €609,407 to €262,500
- Reserves +€3.5m
new in 2025: €3.5m
- Profit (loss) carried forward +€1.5m
no longer reported in 2025 (was -€1.5m)
- Gross operating margin +€6.6m
up €6.6m (+10,425%), from €63,513 to €6.7m
- Taxes +€1.6m
up €1.6m (+2,760,324%), from €59 to €1.6m
- Depreciation -€570,351
down €570,351 (-89.1%), from €639,825 to €69,474
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 | €18,468,471 | €23,618,048 | +€5.1m | +27.9% |
| Fixed assets | 21/28 | €15,013,856 | €7,611,624 | -€7.4m | -49.3% |
| Tangible fixed assets | 22/27 | €15,013,456 | €7,611,224 | -€7.4m | -49.3% |
| Land and buildings | 22 | €15,013,456 | €7,564,548 | -€7.4m | -49.6% |
| Furniture and vehicles | 24 | - | €46,677 | +€46,677 | |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €3,454,614 | €16,006,424 | +€12.6m | +363% |
| Amounts receivable after more than one year | 29 | €2,087,500 | €5,087,500 | +€3.0m | +144% |
| Other amounts receivable | 291 | €2,087,500 | €5,087,500 | +€3.0m | +144% |
| Stocks and contracts in progress | 3 | - | €5,212,006 | +€5.2m | |
| Stocks | 30/36 | - | €5,212,006 | +€5.2m | |
| Amounts receivable within one year | 40/41 | €609,407 | €262,500 | -€346,907 | -56.9% |
| Other amounts receivable | 41 | €609,407 | €262,500 | -€346,907 | -56.9% |
| Cash at bank and in hand | 54/58 | €686,075 | €5,328,330 | +€4.6m | +677% |
| Deferred charges and accrued income | 490/1 | €71,633 | €116,088 | +€44,455 | +62.1% |
| Total equity and liabilities | 10/49 | €18,468,471 | €23,618,048 | +€5.1m | +27.9% |
| Equity | 10/15 | €18,454,857 | €23,477,755 | +€5.0m | +27.2% |
| Contributions | 10/11 | €20,000,000 | €20,000,000 | = | 0.0% |
| Reserves | 13 | - | €3,477,755 | +€3.5m | |
| Distributable reserves | 133 | - | €3,477,755 | +€3.5m | |
| Profit (loss) carried forward | 14 | -€1,545,143 | - | +€1.5m | |
| Amounts payable | 17/49 | €13,614 | €140,293 | +€126,679 | +931% |
| Amounts payable within one year | 42/48 | €5,166 | €138,929 | +€133,763 | +2,589% |
| Trade debts | 44 | €1,343 | €1,997 | +€653 | +48.6% |
| Suppliers | 440/4 | €1,343 | €1,997 | +€653 | +48.6% |
| Taxes, remuneration and social security | 45 | €3,823 | €136,933 | +€133,110 | +3,482% |
| Taxes | 450/3 | €3,823 | €136,933 | +€133,110 | +3,482% |
| Accrued charges and deferred income | 492/3 | €8,448 | €1,364 | -€7,084 | -83.9% |
| Non-recurring operating income | 76A | €35,481 | €6,980,690 | +€6.9m | +19,574% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €639,825 | €69,474 | -€570,351 | -89.1% |
| Other operating charges | 640/8 | €6,998 | €12,463 | +€5,465 | +78.1% |
| Gross operating margin | 9900 | €63,513 | €6,684,938 | +€6.6m | +10,425% |
| Operating profit (loss) | 9901 | -€583,310 | €6,603,000 | +€7.2m | |
| Financial income | 75/76B | €80,792 | €57,120 | -€23,672 | -29.3% |
| Recurring financial income | 75 | €27,916 | €57,120 | +€29,204 | +105% |
| Non-recurring financial income | 76B | €52,877 | - | -€52,877 | |
| Financial charges | 65/66B | €934 | €290 | -€643 | -68.9% |
| Recurring financial charges | 65 | €934 | €290 | -€643 | -68.9% |
| Profit (loss) for the period before taxes | 9903 | -€503,452 | €6,659,830 | +€7.2m | |
| Income taxes | 67/77 | €59 | €1,636,932 | +€1.6m | +2,760,324% |
| Profit (loss) for the period | 9904 | -€503,511 | €5,022,898 | +€5.5m | |
| Profit (loss) for the period to be appropriated | 9905 | -€503,511 | €5,022,898 | +€5.5m |
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.