AUTHENTIC 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.
AUTHENTIC IMMOBILIER
Largest movements
- Stocks and contracts +€282,423
up €282,423 (+11.3%), from €2.5m to €2.8m
- Tangible fixed assets -€167,612
down €167,612 (-23.0%), from €729,012 to €561,400
of which Land and buildings: -€116,877
- Receivables within one year -€123,631
down €123,631 (-9.2%), from €1.3m to €1.2m
of which Other amounts receivable: -€123,631
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€106,936
down €106,936 (-31.4%), from €340,297 to €233,361
- Financial charges -€51,058
down €51,058 (-27.7%), from €184,205 to €133,148
- Depreciation -€14,310
down €14,310 (-48.2%), from €29,697 to €15,387
- Taxes +€13,000
up €13,000 (+650.0%), from €2,000 to €15,000
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,679,813 | €6,688,043 | +€8,230 | +0.1% |
| Fixed assets | 21/28 | €2,812,660 | €2,645,048 | -€167,612 | -6.0% |
| Tangible fixed assets | 22/27 | €729,012 | €561,400 | -€167,612 | -23.0% |
| Land and buildings | 22 | €670,075 | €553,198 | -€116,877 | -17.4% |
| Furniture and vehicles | 24 | €58,937 | €8,203 | -€50,734 | -86.1% |
| Financial fixed assets | 28 | €2,083,648 | €2,083,648 | = | 0.0% |
| Current assets | 29/58 | €3,867,152 | €4,042,994 | +€175,842 | +4.5% |
| Stocks and contracts in progress | 3 | €2,500,006 | €2,782,429 | +€282,423 | +11.3% |
| Stocks | 30/36 | €2,500,006 | €2,782,429 | +€282,423 | +11.3% |
| Amounts receivable within one year | 40/41 | €1,349,863 | €1,226,233 | -€123,631 | -9.2% |
| Trade receivables | 40 | €5,000 | €5,000 | = | 0.0% |
| Other amounts receivable | 41 | €1,344,863 | €1,221,233 | -€123,631 | -9.2% |
| Cash at bank and in hand | 54/58 | €14,388 | €33,044 | +€18,656 | +129.7% |
| Deferred charges and accrued income | 490/1 | €2,895 | €1,288 | -€1,607 | -55.5% |
| Total equity and liabilities | 10/49 | €6,679,813 | €6,688,043 | +€8,230 | +0.1% |
| Equity | 10/15 | €626,122 | €674,541 | +€48,419 | +7.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Revaluation surpluses | 12 | €570,000 | €570,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,122 | €54,541 | +€48,419 | +790.9% |
| Amounts payable | 17/49 | €6,053,691 | €6,013,502 | -€40,189 | -0.7% |
| Amounts payable after more than one year | 17 | €929,618 | €868,034 | -€61,584 | -6.6% |
| Financial debts | 170/4 | €929,618 | €868,034 | -€61,584 | -6.6% |
| Amounts payable within one year | 42/48 | €5,115,536 | €5,135,272 | +€19,736 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €60,428 | €61,584 | +€1,155 | +1.9% |
| Financial debts | 43 | €1,678,110 | €1,740,000 | +€61,890 | +3.7% |
| Credit institutions | 430/8 | €1,678,110 | €1,740,000 | +€61,890 | +3.7% |
| Trade debts | 44 | €13,116 | €17,048 | +€3,932 | +30.0% |
| Suppliers | 440/4 | €13,116 | €17,048 | +€3,932 | +30.0% |
| Taxes, remuneration and social security | 45 | €36,973 | €51,973 | +€15,000 | +40.6% |
| Taxes | 450/3 | €36,973 | €51,973 | +€15,000 | +40.6% |
| Other amounts payable | 47/48 | €3,326,908 | €3,264,667 | -€62,241 | -1.9% |
| Accrued charges and deferred income | 492/3 | €8,537 | €10,195 | +€1,659 | +19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,697 | €15,387 | -€14,310 | -48.2% |
| Other operating charges | 640/8 | €5,019 | €8,205 | +€3,185 | +63.5% |
| Non-recurring operating charges | 66A | - | €13,203 | +€13,203 | |
| Gross operating margin | 9900 | €340,297 | €233,361 | -€106,936 | -31.4% |
| Operating profit (loss) | 9901 | €305,581 | €196,567 | -€109,014 | -35.7% |
| Financial charges | 65/66B | €184,205 | €133,148 | -€51,058 | -27.7% |
| Recurring financial charges | 65 | €184,205 | €133,148 | -€51,058 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | €121,375 | €63,419 | -€57,956 | -47.7% |
| Income taxes | 67/77 | €2,000 | €15,000 | +€13,000 | +650.0% |
| Profit (loss) for the period | 9904 | €119,375 | €48,419 | -€70,956 | -59.4% |
| Profit (loss) for the period to be appropriated | 9905 | €119,375 | €48,419 | -€70,956 | -59.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.