AR Immobilier: 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 Immobilier
Largest movements
- Cash +€7,730
up €7,730 (+128%), from €6,062 to €13,791
mainly Receivables within one year (+€7,564) and Tax, wage and social debts (+€728)
- Receivables within one year -€7,564
no longer reported in 2025 (was €7,564)
of which Trade receivables: -€6,686
- Formation expenses -€406
down €406 (-31.0%), from €1,310 to €903
- Profit (loss) carried forward -€1,735
down €1,735 (-39.4%), from €4,410 to €2,674
- Tax, wage and social debts +€728
new in 2025: €728
- Trade debts +€337
up €337 (+31.1%), from €1,084 to €1,421
- Other debts +€336
up €336 (+4.0%), from €8,319 to €8,655
- Gross operating margin -€11,223
down €11,223 (-79.0%), from €14,198 to €2,975
- Taxes -€2,020
down €2,020 (-86.4%), from €2,337 to €317
- Staff costs -€1,512
down €1,512 (-42.9%), from €3,528 to €2,016
- Depreciation -€1,038
down €1,038 (-66.9%), from €1,552 to €514
- Financial charges -€375
down €375 (-22.1%), from €1,699 to €1,324
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 | €16,813 | €16,479 | -€334 | -2.0% |
| Formation expenses | 20 | €1,310 | €903 | -€406 | -31.0% |
| Fixed assets | 21/28 | €457 | €350 | -€107 | -23.5% |
| Tangible fixed assets | 22/27 | €457 | €350 | -€107 | -23.5% |
| Furniture and vehicles | 24 | €457 | €350 | -€107 | -23.5% |
| Current assets | 29/58 | €15,046 | €15,226 | +€180 | +1.2% |
| Amounts receivable within one year | 40/41 | €7,564 | - | -€7,564 | |
| Trade receivables | 40 | €6,686 | - | -€6,686 | |
| Other amounts receivable | 41 | €878 | - | -€878 | |
| Cash at bank and in hand | 54/58 | €6,062 | €13,791 | +€7,730 | +128% |
| Deferred charges and accrued income | 490/1 | €1,421 | €1,435 | +€14 | +1.0% |
| Total equity and liabilities | 10/49 | €16,813 | €16,479 | -€334 | -2.0% |
| Equity | 10/15 | €7,410 | €5,674 | -€1,735 | -23.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,410 | €2,674 | -€1,735 | -39.4% |
| Amounts payable | 17/49 | €9,404 | €10,805 | +€1,401 | +14.9% |
| Amounts payable within one year | 42/48 | €9,404 | €10,805 | +€1,401 | +14.9% |
| Trade debts | 44 | €1,084 | €1,421 | +€337 | +31.1% |
| Suppliers | 440/4 | €1,084 | €1,421 | +€337 | +31.1% |
| Taxes, remuneration and social security | 45 | - | €728 | +€728 | |
| Taxes | 450/3 | - | €728 | +€728 | |
| Other amounts payable | 47/48 | €8,319 | €8,655 | +€336 | +4.0% |
| Remuneration, social security and pensions | 62 | €3,528 | €2,016 | -€1,512 | -42.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,552 | €514 | -€1,038 | -66.9% |
| Other operating charges | 640/8 | €673 | €539 | -€134 | -19.9% |
| Gross operating margin | 9900 | €14,198 | €2,975 | -€11,223 | -79.0% |
| Operating profit (loss) | 9901 | €8,445 | -€94 | -€8,539 | |
| Financial charges | 65/66B | €1,699 | €1,324 | -€375 | -22.1% |
| Recurring financial charges | 65 | €1,699 | €1,324 | -€375 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €6,747 | -€1,418 | -€8,165 | |
| Income taxes | 67/77 | €2,337 | €317 | -€2,020 | -86.4% |
| Profit (loss) for the period | 9904 | €4,410 | -€1,735 | -€6,145 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,410 | -€1,735 | -€6,145 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.