GROUP IMMO A&A: 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.
GROUP IMMO A&A
Largest movements
- Cash +€24,024
up €24,024 (+167%), from €14,401 to €38,425
mainly Trade debts (+€15,510) and Debts after one year (+€7,926)
- Receivables within one year +€20,543
up €20,543 (+122%), from €16,848 to €37,392
of which Trade receivables: +€21,390
- Tangible fixed assets -€3,931
down €3,931 (-1.7%), from €225,167 to €221,236
of which Land and buildings: -€3,497
- Trade debts +€15,510
up €15,510 (+32.0%), from €48,531 to €64,041
- Debts after one year +€7,926
up €7,926 (+10.4%), from €76,191 to €84,117
- Current portion of long-term debt +€7,475
up €7,475 (+66.7%), from €11,209 to €18,684
- Profit (loss) carried forward +€4,551
up €4,551 (+8.5%), from €53,806 to €58,357
- Gross operating margin -€44,784
down €44,784 (-74.8%), from €59,845 to €15,061
- Taxes -€9,494
down €9,494 (-84.3%), from €11,260 to €1,766
- Financial charges +€4,106
up €4,106 (+994%), from €413 to €4,519
- Depreciation +€801
up €801 (+25.6%), from €3,130 to €3,931
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 | €258,113 | €297,052 | +€38,939 | +15.1% |
| Fixed assets | 21/28 | €225,167 | €221,236 | -€3,931 | -1.7% |
| Tangible fixed assets | 22/27 | €225,167 | €221,236 | -€3,931 | -1.7% |
| Land and buildings | 22 | €223,022 | €219,524 | -€3,497 | -1.6% |
| Plant, machinery and equipment | 23 | €2,145 | €1,712 | -€434 | -20.2% |
| Current assets | 29/58 | €32,946 | €75,816 | +€42,870 | +130% |
| Amounts receivable within one year | 40/41 | €16,848 | €37,392 | +€20,543 | +122% |
| Trade receivables | 40 | €14,082 | €35,472 | +€21,390 | +152% |
| Other amounts receivable | 41 | €2,766 | €1,920 | -€847 | -30.6% |
| Cash at bank and in hand | 54/58 | €14,401 | €38,425 | +€24,024 | +167% |
| Deferred charges and accrued income | 490/1 | €1,697 | - | -€1,697 | |
| Total equity and liabilities | 10/49 | €258,113 | €297,052 | +€38,939 | +15.1% |
| Equity | 10/15 | €55,306 | €59,857 | +€4,551 | +8.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,806 | €58,357 | +€4,551 | +8.5% |
| Amounts payable | 17/49 | €202,808 | €237,195 | +€34,388 | +17.0% |
| Amounts payable after more than one year | 17 | €76,191 | €84,117 | +€7,926 | +10.4% |
| Financial debts | 170/4 | €76,191 | €84,117 | +€7,926 | +10.4% |
| Amounts payable within one year | 42/48 | €126,617 | €152,179 | +€25,562 | +20.2% |
| Current portion of amounts payable after more than one year | 42 | €11,209 | €18,684 | +€7,475 | +66.7% |
| Trade debts | 44 | €48,531 | €64,041 | +€15,510 | +32.0% |
| Suppliers | 440/4 | €48,531 | €64,041 | +€15,510 | +32.0% |
| Taxes, remuneration and social security | 45 | €11,260 | €13,026 | +€1,766 | +15.7% |
| Taxes | 450/3 | €11,260 | €13,026 | +€1,766 | +15.7% |
| Other amounts payable | 47/48 | €55,616 | €56,427 | +€811 | +1.5% |
| Accrued charges and deferred income | 492/3 | - | €900 | +€900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,130 | €3,931 | +€801 | +25.6% |
| Other operating charges | 640/8 | - | €300 | +€300 | |
| Gross operating margin | 9900 | €59,845 | €15,061 | -€44,784 | -74.8% |
| Operating profit (loss) | 9901 | €56,715 | €10,830 | -€45,885 | -80.9% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €413 | €4,519 | +€4,106 | +994% |
| Recurring financial charges | 65 | €413 | €4,519 | +€4,106 | +994% |
| Profit (loss) for the period before taxes | 9903 | €56,302 | €6,317 | -€49,985 | -88.8% |
| Income taxes | 67/77 | €11,260 | €1,766 | -€9,494 | -84.3% |
| Profit (loss) for the period | 9904 | €45,042 | €4,551 | -€40,490 | -89.9% |
| Profit (loss) for the period to be appropriated | 9905 | €45,042 | €4,551 | -€40,490 | -89.9% |
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 22 October 2026 via checked.be.