IMMO A.C.S.: 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.
IMMO A.C.S.
Largest movements
- Tangible fixed assets -€25,959
down €25,959 (-1.4%), from €1.8m to €1.8m
of which Land and buildings: -€24,737
- Profit (loss) carried forward -€47,307
down €47,307 (-4.5%), from -€1.1m to -€1.1m
- Gross operating margin -€14,101
down €14,101 (-64.4%), from €21,908 to €7,807
- Other operating charges -€3,515
down €3,515 (-10.9%), from €32,227 to €28,712
- Financial charges -€768
down €768 (-63.4%), from €1,212 to €444
of which Financial charges: -€933
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 | €1,942,007 | €1,915,875 | -€26,132 | -1.3% |
| Fixed assets | 21/28 | €1,808,173 | €1,782,214 | -€25,959 | -1.4% |
| Tangible fixed assets | 22/27 | €1,808,173 | €1,782,214 | -€25,959 | -1.4% |
| Land and buildings | 22 | €1,802,730 | €1,777,993 | -€24,737 | -1.4% |
| Plant, machinery and equipment | 23 | €5,443 | €4,221 | -€1,222 | -22.5% |
| Current assets | 29/58 | €133,834 | €133,661 | -€173 | -0.1% |
| Amounts receivable within one year | 40/41 | €133,410 | €133,411 | +€1 | 0.0% |
| Trade receivables | 40 | €8,200 | €8,200 | = | 0.0% |
| Other amounts receivable | 41 | €125,210 | €125,211 | +€1 | 0.0% |
| Cash at bank and in hand | 54/58 | €180 | - | -€180 | |
| Deferred charges and accrued income | 490/1 | €244 | €250 | +€6 | +2.5% |
| Total equity and liabilities | 10/49 | €1,942,007 | €1,915,875 | -€26,132 | -1.3% |
| Equity | 10/15 | €416,273 | €368,966 | -€47,307 | -11.4% |
| Contributions | 10/11 | €336,973 | €336,973 | = | 0.0% |
| Capital | 10 | €336,973 | €336,973 | = | 0.0% |
| Issued capital | 100 | €336,973 | €336,973 | = | 0.0% |
| Revaluation surpluses | 12 | €1,127,000 | €1,127,000 | = | 0.0% |
| Reserves | 13 | €2,479 | €2,479 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Legal reserve | 130 | €2,479 | €2,479 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,050,179 | -€1,097,486 | -€47,307 | -4.5% |
| Amounts payable | 17/49 | €1,525,734 | €1,546,909 | +€21,175 | +1.4% |
| Amounts payable within one year | 42/48 | €1,525,734 | €1,546,909 | +€21,175 | +1.4% |
| Trade debts | 44 | €91,411 | €104,951 | +€13,540 | +14.8% |
| Suppliers | 440/4 | €91,411 | €104,951 | +€13,540 | +14.8% |
| Taxes, remuneration and social security | 45 | €38,000 | €38,000 | = | 0.0% |
| Taxes | 450/3 | €38,000 | €38,000 | = | 0.0% |
| Other amounts payable | 47/48 | €1,396,323 | €1,403,958 | +€7,635 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,958 | €25,958 | = | 0.0% |
| Other operating charges | 640/8 | €32,227 | €28,712 | -€3,515 | -10.9% |
| Gross operating margin | 9900 | €21,908 | €7,807 | -€14,101 | -64.4% |
| Operating profit (loss) | 9901 | -€36,277 | -€46,863 | -€10,586 | -29.2% |
| Financial charges | 65/66B | €1,212 | €444 | -€768 | -63.4% |
| Recurring financial charges | 65 | €1,212 | €279 | -€933 | -77.0% |
| Non-recurring financial charges | 66B | - | €165 | +€165 | |
| Profit (loss) for the period before taxes | 9903 | -€37,489 | -€47,307 | -€9,818 | -26.2% |
| Profit (loss) for the period | 9904 | -€37,489 | -€47,307 | -€9,818 | -26.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,489 | -€47,307 | -€9,818 | -26.2% |
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 10 October 2026 via checked.be.