AR IMMO-SERVICE: 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.
AR IMMO-SERVICE
Largest movements
- Stocks and contracts +€98,395
up €98,395 (+82.4%), from €119,354 to €217,749
- Cash +€55,880
up €55,880 (+27,703%), from €202 to €56,081
mainly Other debts (+€83,030) and Net result for the year (+€29,528)
- Receivables within one year -€22,540
no longer reported in 2025 (was €22,540)
of which Trade receivables: -€19,720
- Other debts +€83,030
up €83,030 (+57.5%), from €144,354 to €227,385
- Reserves +€24,535
new in 2025: €24,535
- Tax, wage and social debts +€12,636
new in 2025: €12,636
- Trade debts +€6,889
new in 2025: €6,889
- Profit (loss) carried forward +€4,993
no longer reported in 2025 (was -€4,993)
- Gross operating margin +€39,661
up €39,661, from -€771 to €38,890
- Taxes +€8,946
new in 2025: €8,946
- Other operating charges -€395
down €395 (-97.3%), from €406 to €11
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 | €142,361 | €274,445 | +€132,084 | +92.8% |
| Fixed assets | 21/28 | €265 | - | -€265 | |
| Tangible fixed assets | 22/27 | €265 | - | -€265 | |
| Plant, machinery and equipment | 23 | €265 | - | -€265 | |
| Current assets | 29/58 | €142,096 | €274,445 | +€132,349 | +93.1% |
| Stocks and contracts in progress | 3 | €119,354 | €217,749 | +€98,395 | +82.4% |
| Stocks | 30/36 | €119,354 | €217,749 | +€98,395 | +82.4% |
| Amounts receivable within one year | 40/41 | €22,540 | - | -€22,540 | |
| Trade receivables | 40 | €19,720 | - | -€19,720 | |
| Other amounts receivable | 41 | €2,820 | - | -€2,820 | |
| Cash at bank and in hand | 54/58 | €202 | €56,081 | +€55,880 | +27,703% |
| Deferred charges and accrued income | 490/1 | - | €614 | +€614 | |
| Total equity and liabilities | 10/49 | €142,361 | €274,445 | +€132,084 | +92.8% |
| Equity | 10/15 | -€1,993 | €27,535 | +€29,528 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €24,535 | +€24,535 | |
| Distributable reserves | 133 | - | €24,535 | +€24,535 | |
| Profit (loss) carried forward | 14 | -€4,993 | - | +€4,993 | |
| Amounts payable | 17/49 | €144,354 | €246,910 | +€102,556 | +71.0% |
| Amounts payable within one year | 42/48 | €144,354 | €246,910 | +€102,556 | +71.0% |
| Trade debts | 44 | - | €6,889 | +€6,889 | |
| Suppliers | 440/4 | - | €6,889 | +€6,889 | |
| Taxes, remuneration and social security | 45 | - | €12,636 | +€12,636 | |
| Taxes | 450/3 | - | €12,636 | +€12,636 | |
| Other amounts payable | 47/48 | €144,354 | €227,385 | +€83,030 | +57.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €317 | €265 | -€52 | -16.4% |
| Other operating charges | 640/8 | €406 | €11 | -€395 | -97.3% |
| Gross operating margin | 9900 | -€771 | €38,890 | +€39,661 | |
| Operating profit (loss) | 9901 | -€1,494 | €38,615 | +€40,108 | |
| Financial charges | 65/66B | €188 | €141 | -€47 | -25.2% |
| Recurring financial charges | 65 | €188 | €141 | -€47 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,682 | €38,474 | +€40,156 | |
| Income taxes | 67/77 | - | €8,946 | +€8,946 | |
| Profit (loss) for the period | 9904 | -€1,682 | €29,528 | +€31,210 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,682 | €29,528 | +€31,210 |
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 23 October 2026 via checked.be.