AT IMMO: 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.
AT IMMO
Largest movements
- Tangible fixed assets +€1.0m
up €1.0m (+6926.6%), from €15,105 to €1.1m
- Receivables within one year +€52,745
up €52,745 (+144.8%), from €36,422 to €89,167
of which Other amounts receivable: +€44,813
- Cash -€40,566
no longer reported in 2025 (was €40,566)
mainly Investment in fixed assets (net) (-€1.0m) and Receivables within one year (-€52,745)
- Debts after one year +€950,000
new in 2025: €950,000
- Short-term financial debts +€71,347
new in 2025: €71,347
- Trade debts +€36,846
up €36,846 (+324.4%), from €11,360 to €48,206
- Gross operating margin +€21,976
up €21,976 (+391.9%), from €5,608 to €27,585
- Financial charges +€19,613
up €19,613 (+462.8%), from €4,238 to €23,852
- Depreciation +€1,633
up €1,633 (+816.4%), from €200 to €1,833
- Other operating charges +€1,212
up €1,212 (+277.2%), from €437 to €1,650
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €92,092 | €1,150,536 | +€1.1m | +1149.3% |
| Fixed assets | 21/28 | €15,105 | €1,061,370 | +€1.0m | +6926.6% |
| Tangible fixed assets | 22/27 | €15,105 | €1,061,370 | +€1.0m | +6926.6% |
| Land and buildings | 22 | €15,105 | €1,061,370 | +€1.0m | +6926.6% |
| Current assets | 29/58 | €76,987 | €89,167 | +€12,179 | +15.8% |
| Amounts receivable within one year | 40/41 | €36,422 | €89,167 | +€52,745 | +144.8% |
| Trade receivables | 40 | €24,068 | €32,000 | +€7,932 | +33.0% |
| Other amounts receivable | 41 | €12,354 | €57,167 | +€44,813 | +362.7% |
| Cash at bank and in hand | 54/58 | €40,566 | - | -€40,566 | |
| Total equity and liabilities | 10/49 | €92,092 | €1,150,536 | +€1.1m | +1149.3% |
| Equity | 10/15 | €80,549 | €80,737 | +€188 | +0.2% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €549 | €737 | +€188 | +34.2% |
| Amounts payable | 17/49 | €11,543 | €1,069,799 | +€1.1m | +9167.9% |
| Amounts payable after more than one year | 17 | - | €950,000 | +€950,000 | |
| Financial debts | 170/4 | - | €950,000 | +€950,000 | |
| Amounts payable within one year | 42/48 | €11,543 | €119,799 | +€108,256 | +937.8% |
| Financial debts | 43 | - | €71,347 | +€71,347 | |
| Credit institutions | 430/8 | - | €71,347 | +€71,347 | |
| Trade debts | 44 | €11,360 | €48,206 | +€36,846 | +324.4% |
| Suppliers | 440/4 | €11,360 | €48,206 | +€36,846 | +324.4% |
| Taxes, remuneration and social security | 45 | €183 | €246 | +€63 | +34.2% |
| Taxes | 450/3 | €183 | €246 | +€63 | +34.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €200 | €1,833 | +€1,633 | +816.4% |
| Other operating charges | 640/8 | €437 | €1,650 | +€1,212 | +277.2% |
| Gross operating margin | 9900 | €5,608 | €27,585 | +€21,976 | +391.9% |
| Operating profit (loss) | 9901 | €4,971 | €24,102 | +€19,131 | +384.9% |
| Financial charges | 65/66B | €4,238 | €23,852 | +€19,613 | +462.8% |
| Recurring financial charges | 65 | €4,238 | €23,852 | +€19,613 | +462.8% |
| Profit (loss) for the period before taxes | 9903 | €733 | €251 | -€482 | -65.8% |
| Income taxes | 67/77 | €183 | €63 | -€121 | -65.8% |
| Profit (loss) for the period | 9904 | €549 | €188 | -€362 | -65.8% |
| Profit (loss) for the period to be appropriated | 9905 | €549 | €188 | -€362 | -65.8% |
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 6 October 2026 via checked.be.