ARBERIMMO: what changed
Two fiscal 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.
What changed
ARBERIMMO
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€29,823
2024 · €45,073-€15,250
Equity
€501,191
2024 · €471,368+€29,823
Cash
€58,877
2024 · €48,522+€10,355
Balance sheet total
€1.6m
2024 · €1.8m-€166,711
Largest movements
Assets
- Tangible fixed assets -€159,943
down €159,943 (-9.2%), from €1.7m to €1.6m
of which Land and buildings: -€90,707
Equity and liabilities
- Debts after one year -€195,138
down €195,138 (-17.7%), from €1.1m to €905,155
- Reserves +€29,823
up €29,823 (+113.4%), from €26,295 to €56,118
Income statement
- Gross operating margin -€15,489
down €15,489 (-6.6%), from €235,779 to €220,290
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.
Result 2024
€45,073
Gross operating margin
-€15,489
Other operating charges
-€697
Financial income
-€0
Financial charges
+€2,256
Taxes
-€1,320
Result 2025
€29,823
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.
From operations
+€204,283
Investment
€0
Financing
-€193,928
Cash 2024
€48,522
From operations (derived)
+€204,283
Net result for the year
+€29,823
Depreciation
+€159,943
Receivables within one year
+€17,548
Smaller working-capital items
-€80
Trade debts
-€1,108
Tax, wage and social debts
-€5,205
Other debts
+€3,362
Financing
-€193,928
Debts after one year
-€195,138
Current portion of long-term debt
+€1,210
Cash 2025
€58,877
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,810,257 | €1,643,547 | -€166,711 | -9.2% |
| Fixed assets | 21/28 | €1,742,515 | €1,582,571 | -€159,943 | -9.2% |
| Tangible fixed assets | 22/27 | €1,742,515 | €1,582,571 | -€159,943 | -9.2% |
| Land and buildings | 22 | €1,433,023 | €1,342,316 | -€90,707 | -6.3% |
| Plant, machinery and equipment | 23 | €309,492 | €240,255 | -€69,237 | -22.4% |
| Current assets | 29/58 | €67,742 | €60,975 | -€6,767 | -10.0% |
| Amounts receivable within one year | 40/41 | €17,903 | €355 | -€17,548 | -98.0% |
| Trade receivables | 40 | €17,903 | €301 | -€17,602 | -98.3% |
| Other amounts receivable | 41 | - | €54 | +€54 | |
| Cash at bank and in hand | 54/58 | €48,522 | €58,877 | +€10,355 | +21.3% |
| Deferred charges and accrued income | 490/1 | €1,318 | €1,743 | +€425 | +32.3% |
| Total equity and liabilities | 10/49 | €1,810,257 | €1,643,547 | -€166,711 | -9.2% |
| Equity | 10/15 | €471,368 | €501,191 | +€29,823 | +6.3% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €26,295 | €56,118 | +€29,823 | +113.4% |
| Distributable reserves | 133 | €26,295 | €56,118 | +€29,823 | +113.4% |
| Profit (loss) carried forward | 14 | €45,073 | €45,073 | = | 0.0% |
| Amounts payable | 17/49 | €1,338,889 | €1,142,356 | -€196,533 | -14.7% |
| Amounts payable after more than one year | 17 | €1,100,293 | €905,155 | -€195,138 | -17.7% |
| Financial debts | 170/4 | €1,100,293 | €905,155 | -€195,138 | -17.7% |
| Amounts payable within one year | 42/48 | €238,119 | €236,377 | -€1,742 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €193,928 | €195,138 | +€1,210 | +0.6% |
| Trade debts | 44 | €1,678 | €570 | -€1,108 | -66.0% |
| Suppliers | 440/4 | €1,678 | €570 | -€1,108 | -66.0% |
| Taxes, remuneration and social security | 45 | €19,699 | €14,493 | -€5,205 | -26.4% |
| Taxes | 450/3 | €19,699 | €14,493 | -€5,205 | -26.4% |
| Other amounts payable | 47/48 | €22,815 | €26,177 | +€3,362 | +14.7% |
| Accrued charges and deferred income | 492/3 | €477 | €823 | +€346 | +72.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €159,943 | €159,943 | = | 0.0% |
| Other operating charges | 640/8 | €14,070 | €14,767 | +€697 | +5.0% |
| Gross operating margin | 9900 | €235,779 | €220,290 | -€15,489 | -6.6% |
| Operating profit (loss) | 9901 | €61,765 | €45,579 | -€16,186 | -26.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €7,156 | €4,901 | -€2,256 | -31.5% |
| Recurring financial charges | 65 | €7,156 | €4,901 | -€2,256 | -31.5% |
| Profit (loss) for the period before taxes | 9903 | €54,609 | €40,679 | -€13,930 | -25.5% |
| Income taxes | 67/77 | €9,536 | €10,856 | +€1,320 | +13.8% |
| Profit (loss) for the period | 9904 | €45,073 | €29,823 | -€15,250 | -33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €45,073 | €29,823 | -€15,250 | -33.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.