BAM IMMO: 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.
BAM IMMO
Largest movements
- Tangible fixed assets +€21,735
up €21,735 (+8.3%), from €260,494 to €282,229
of which Assets under construction and advance payments: +€146,229
- Cash -€18,605
down €18,605 (-64.0%), from €29,071 to €10,466
mainly Net result for the year (-€95,243) and Investment in fixed assets (net) (-€21,735)
- Receivables within one year +€6,498
up €6,498, from €0 to €6,498
of which Other amounts receivable: +€6,498
- Accrued charges and deferred income +€100,000
new in 2025: €100,000
- Profit (loss) carried forward -€95,243
down €95,243 (-841%), from -€11,330 to -€106,573
- Debts after one year -€10,657
down €10,657 (-5.9%), from €180,755 to €170,098
- Trade debts +€8,670
up €8,670 (+856%), from €1,013 to €9,683
- Other debts +€5,711
up €5,711 (+5.5%), from €103,876 to €109,587
- Depreciation -€4,427
down €4,427 (-100%), from €4,427 to €0
- Gross operating margin -€1,762
down €1,762 (-4.6%), from €38,281 to €36,520
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 | €290,522 | €299,193 | +€8,670 | +3.0% |
| Fixed assets | 21/28 | €260,494 | €282,229 | +€21,735 | +8.3% |
| Tangible fixed assets | 22/27 | €260,494 | €282,229 | +€21,735 | +8.3% |
| Land and buildings | 22 | €255,237 | €136,000 | -€119,237 | -46.7% |
| Furniture and vehicles | 24 | €5,258 | €0 | -€5,258 | -100% |
| Assets under construction and advance payments | 27 | - | €146,229 | +€146,229 | |
| Current assets | 29/58 | €30,028 | €16,964 | -€13,064 | -43.5% |
| Amounts receivable within one year | 40/41 | €0 | €6,498 | +€6,498 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | - | €6,498 | +€6,498 | |
| Cash at bank and in hand | 54/58 | €29,071 | €10,466 | -€18,605 | -64.0% |
| Deferred charges and accrued income | 490/1 | €957 | €0 | -€957 | -100% |
| Total equity and liabilities | 10/49 | €290,522 | €299,193 | +€8,670 | +3.0% |
| Equity | 10/15 | -€9,330 | -€104,573 | -€95,243 | -1,021% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,330 | -€106,573 | -€95,243 | -841% |
| Amounts payable | 17/49 | €299,852 | €403,766 | +€103,914 | +34.7% |
| Amounts payable after more than one year | 17 | €180,755 | €170,098 | -€10,657 | -5.9% |
| Financial debts | 170/4 | €180,755 | €170,098 | -€10,657 | -5.9% |
| Amounts payable within one year | 42/48 | €119,097 | €133,668 | +€14,571 | +12.2% |
| Current portion of amounts payable after more than one year | 42 | €10,229 | €10,657 | +€428 | +4.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,013 | €9,683 | +€8,670 | +856% |
| Suppliers | 440/4 | €1,013 | €9,683 | +€8,670 | +856% |
| Taxes, remuneration and social security | 45 | €3,979 | €3,741 | -€238 | -6.0% |
| Taxes | 450/3 | €3,979 | €3,741 | -€238 | -6.0% |
| Other amounts payable | 47/48 | €103,876 | €109,587 | +€5,711 | +5.5% |
| Accrued charges and deferred income | 492/3 | - | €100,000 | +€100,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,427 | €0 | -€4,427 | -100% |
| Other operating charges | 640/8 | €984 | €1,033 | +€50 | +5.1% |
| Non-recurring operating charges | 66A | - | €119,237 | +€119,237 | |
| Gross operating margin | 9900 | €38,281 | €36,520 | -€1,762 | -4.6% |
| Operating profit (loss) | 9901 | €32,871 | -€83,750 | -€116,621 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +900% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +900% |
| Financial charges | 65/66B | €11,547 | €11,494 | -€53 | -0.5% |
| Recurring financial charges | 65 | €11,547 | €11,494 | -€53 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €21,324 | -€95,243 | -€116,567 | |
| Profit (loss) for the period | 9904 | €21,324 | -€95,243 | -€116,567 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,324 | -€95,243 | -€116,567 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.