ARICKX IMMOGEST: 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.
ARICKX IMMOGEST
Largest movements
- Current investments +€104,601
up €104,601 (+71.2%), from €146,900 to €251,501
- Tangible fixed assets -€43,590
down €43,590 (-11.8%), from €370,391 to €326,801
of which Land and buildings: -€37,093
- Cash +€27,055
up €27,055 (+27.5%), from €98,535 to €125,589
mainly Net result for the year (+€260,277) and Provisions (+€79,389)
- Reserves +€218,761
up €218,761 (+79.8%), from €274,137 to €492,898
of which Tax-exempt reserves: +€238,167
- Other debts -€101,792
down €101,792 (-98.5%), from €103,359 to €1,567
- Provisions +€79,389
new in 2025: €79,389
- Profit (loss) carried forward -€57,279
down €57,279 (-508%), from -€11,266 to -€68,545
- Advances received -€33,944
no longer reported in 2025 (was €33,944)
- Gross operating margin +€266,160
up €266,160 (+1,015%), from €26,217 to €292,377
- Depreciation -€5,765
down €5,765 (-17.7%), from €32,479 to €26,715
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 | €675,251 | €765,596 | +€90,344 | +13.4% |
| Fixed assets | 21/28 | €370,712 | €327,122 | -€43,590 | -11.8% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €370,391 | €326,801 | -€43,590 | -11.8% |
| Land and buildings | 22 | €357,207 | €320,114 | -€37,093 | -10.4% |
| Plant, machinery and equipment | 23 | €1,799 | €1,272 | -€527 | -29.3% |
| Furniture and vehicles | 24 | €11,385 | €5,415 | -€5,970 | -52.4% |
| Financial fixed assets | 28 | €321 | €321 | = | 0.0% |
| Current assets | 29/58 | €304,540 | €438,473 | +€133,934 | +44.0% |
| Amounts receivable within one year | 40/41 | €54,832 | €56,546 | +€1,714 | +3.1% |
| Trade receivables | 40 | €6,475 | €6,475 | = | 0.0% |
| Other amounts receivable | 41 | €48,357 | €50,071 | +€1,714 | +3.5% |
| Current investments | 50/53 | €146,900 | €251,501 | +€104,601 | +71.2% |
| Cash at bank and in hand | 54/58 | €98,535 | €125,589 | +€27,055 | +27.5% |
| Deferred charges and accrued income | 490/1 | €4,273 | €4,837 | +€564 | +13.2% |
| Total equity and liabilities | 10/49 | €675,251 | €765,596 | +€90,344 | +13.4% |
| Equity | 10/15 | €423,497 | €599,581 | +€176,083 | +41.6% |
| Contributions | 10/11 | €142,904 | €142,904 | = | 0.0% |
| Revaluation surpluses | 12 | €17,722 | €32,324 | +€14,601 | +82.4% |
| Reserves | 13 | €274,137 | €492,898 | +€218,761 | +79.8% |
| Tax-exempt reserves | 132 | €76,287 | €314,453 | +€238,167 | +312% |
| Distributable reserves | 133 | €197,850 | €178,445 | -€19,406 | -9.8% |
| Profit (loss) carried forward | 14 | -€11,266 | -€68,545 | -€57,279 | -508% |
| Provisions and deferred taxes | 16 | - | €79,389 | +€79,389 | |
| Deferred taxes | 168 | - | €79,389 | +€79,389 | |
| Amounts payable | 17/49 | €251,754 | €86,626 | -€165,128 | -65.6% |
| Amounts payable after more than one year | 17 | €68,479 | €54,473 | -€14,006 | -20.5% |
| Financial debts | 170/4 | €68,479 | €54,473 | -€14,006 | -20.5% |
| Amounts payable within one year | 42/48 | €183,275 | €32,153 | -€151,121 | -82.5% |
| Current portion of amounts payable after more than one year | 42 | €15,841 | €14,006 | -€1,835 | -11.6% |
| Trade debts | 44 | €22,221 | €16,353 | -€5,868 | -26.4% |
| Suppliers | 440/4 | €22,221 | €16,353 | -€5,868 | -26.4% |
| Advances received on contracts in progress | 46 | €33,944 | - | -€33,944 | |
| Taxes, remuneration and social security | 45 | €7,909 | €227 | -€7,682 | -97.1% |
| Taxes | 450/3 | €7,909 | €227 | -€7,682 | -97.1% |
| Other amounts payable | 47/48 | €103,359 | €1,567 | -€101,792 | -98.5% |
| Turnover | 70 | - | €0 | = | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,479 | €26,715 | -€5,765 | -17.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,005 | - | -€2,005 | |
| Other operating charges | 640/8 | €6,769 | €6,469 | -€300 | -4.4% |
| Gross operating margin | 9900 | €26,217 | €292,377 | +€266,160 | +1,015% |
| Operating profit (loss) | 9901 | -€15,036 | €259,193 | +€274,229 | |
| Financial income | 75/76B | €4,343 | €5,904 | +€1,560 | +35.9% |
| Recurring financial income | 75 | €4,343 | €5,904 | +€1,560 | +35.9% |
| Financial charges | 65/66B | €5,415 | €4,593 | -€822 | -15.2% |
| Recurring financial charges | 65 | €5,415 | €4,593 | -€822 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | -€16,108 | €260,503 | +€276,611 | |
| Income taxes | 67/77 | - | €227 | +€227 | |
| Profit (loss) for the period | 9904 | -€16,108 | €260,277 | +€276,385 | |
| Transfer to tax-exempt reserves | 689 | - | €317,555 | +€317,555 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,108 | -€57,279 | -€41,171 | -256% |
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 14 October 2026 via checked.be.