AS Immo Plus: 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.
AS Immo Plus
Largest movements
- Tangible fixed assets -€12,750
down €12,750 (-7.3%), from €174,000 to €161,250
- Receivables within one year -€4,810
down €4,810 (-59.0%), from €8,147 to €3,337
of which Trade receivables: -€4,778
- Debts after one year -€23,730
down €23,730 (-20.9%), from €113,452 to €89,722
- Other debts -€14,816
down €14,816 (-36.8%), from €40,280 to €25,464
- Advances received +€9,934
new in 2025: €9,934
- Current portion of long-term debt +€3,948
up €3,948 (+44.3%), from €8,904 to €12,852
- Profit (loss) carried forward +€3,499
up €3,499 (+566.8%), from €617 to €4,116
- Gross operating margin -€6,173
down €6,173 (-35.8%), from €17,263 to €11,090
- Financial charges -€4,711
down €4,711 (-97.3%), from €4,841 to €130
- Other operating charges +€2,117
up €2,117 (+1556.4%), from €136 to €2,253
- Taxes +€754
up €754 (+12652.5%), from €6 to €760
From the 2023 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.
Cash bridge derived
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €182,499 | €164,587 | -€17,913 | -9.8% |
| Fixed assets | 21/28 | €174,000 | €161,250 | -€12,750 | -7.3% |
| Tangible fixed assets | 22/27 | €174,000 | €161,250 | -€12,750 | -7.3% |
| Land and buildings | 22 | €174,000 | €161,250 | -€12,750 | -7.3% |
| Current assets | 29/58 | €8,499 | €3,337 | -€5,163 | -60.7% |
| Amounts receivable within one year | 40/41 | €8,147 | €3,337 | -€4,810 | -59.0% |
| Trade receivables | 40 | €8,031 | €3,253 | -€4,778 | -59.5% |
| Other amounts receivable | 41 | €116 | €84 | -€32 | -27.6% |
| Cash at bank and in hand | 54/58 | €353 | - | -€353 | |
| Total equity and liabilities | 10/49 | €182,499 | €164,587 | -€17,913 | -9.8% |
| Equity | 10/15 | €18,740 | €22,238 | +€3,499 | +18.7% |
| Contributions | 10/11 | €16,900 | €16,900 | = | 0.0% |
| Reserves | 13 | €1,223 | €1,223 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,223 | €1,223 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,223 | €1,223 | = | 0.0% |
| Profit (loss) carried forward | 14 | €617 | €4,116 | +€3,499 | +566.8% |
| Amounts payable | 17/49 | €163,760 | €142,348 | -€21,411 | -13.1% |
| Amounts payable after more than one year | 17 | €113,452 | €89,722 | -€23,730 | -20.9% |
| Financial debts | 170/4 | €113,452 | €89,722 | -€23,730 | -20.9% |
| Amounts payable within one year | 42/48 | €50,307 | €52,626 | +€2,318 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €8,904 | €12,852 | +€3,948 | +44.3% |
| Financial debts | 43 | €558 | €2,193 | +€1,635 | +293.3% |
| Credit institutions | 430/8 | €558 | €2,193 | +€1,635 | +293.3% |
| Trade debts | 44 | €437 | - | -€437 | |
| Suppliers | 440/4 | €437 | - | -€437 | |
| Advances received on contracts in progress | 46 | - | €9,934 | +€9,934 | |
| Taxes, remuneration and social security | 45 | €129 | €2,183 | +€2,054 | +1594.5% |
| Taxes | 450/3 | €129 | €2,183 | +€2,054 | +1594.5% |
| Other amounts payable | 47/48 | €40,280 | €25,464 | -€14,816 | -36.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,375 | €6,375 | = | 0.0% |
| Other operating charges | 640/8 | €136 | €2,253 | +€2,117 | +1556.4% |
| Gross operating margin | 9900 | €17,263 | €11,090 | -€6,173 | -35.8% |
| Operating profit (loss) | 9901 | €10,752 | €2,462 | -€8,290 | -77.1% |
| Financial charges | 65/66B | €4,841 | €130 | -€4,711 | -97.3% |
| Recurring financial charges | 65 | €4,841 | €130 | -€4,711 | -97.3% |
| Profit (loss) for the period before taxes | 9903 | €5,911 | €2,332 | -€3,578 | -60.5% |
| Income taxes | 67/77 | €6 | €760 | +€754 | +12652.5% |
| Profit (loss) for the period | 9904 | €5,905 | €1,572 | -€4,333 | -73.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,905 | €1,572 | -€4,333 | -73.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.