IMMO A.D.B.: 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.D.B.
Largest movements
- Tangible fixed assets +€579,367
up €579,367 (+14.3%), from €4.1m to €4.6m
- Cash -€350,355
down €350,355 (-50.0%), from €700,951 to €350,597
mainly Investment in fixed assets (net) (-€784,000) and Debts after one year (-€141,672)
- Receivables within one year -€116,816
down €116,816 (-68.3%), from €170,980 to €54,164
of which Trade receivables: -€115,955
- Reserves +€318,507
up €318,507 (+108%), from €296,210 to €614,717
of which Distributable reserves: +€364,687
- Debts after one year -€141,672
down €141,672 (-27.9%), from €507,652 to €365,980
of which Financial debts: -€141,672
- Other debts -€108,312
down €108,312 (-4.6%), from €2.4m to €2.3m
- Gross operating margin +€78,839
up €78,839 (+11.7%), from €675,143 to €753,982
- Depreciation +€74,031
up €74,031 (+56.7%), from €130,603 to €204,633
- Taxes +€29,462
up €29,462 (+24.7%), from €119,259 to €148,720
- Other operating charges +€20,800
up €20,800 (+43.9%), from €47,336 to €68,137
- Financial charges -€15,539
down €15,539 (-34.5%), from €45,048 to €29,509
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 | €4,934,304 | €5,037,909 | +€103,606 | +2.1% |
| Fixed assets | 21/28 | €4,053,595 | €4,632,961 | +€579,367 | +14.3% |
| Tangible fixed assets | 22/27 | €4,053,223 | €4,632,589 | +€579,367 | +14.3% |
| Land and buildings | 22 | €4,053,223 | €4,632,589 | +€579,367 | +14.3% |
| Financial fixed assets | 28 | €372 | €372 | = | 0.0% |
| Current assets | 29/58 | €880,709 | €404,948 | -€475,761 | -54.0% |
| Amounts receivable within one year | 40/41 | €170,980 | €54,164 | -€116,816 | -68.3% |
| Trade receivables | 40 | €159,378 | €43,423 | -€115,955 | -72.8% |
| Other amounts receivable | 41 | €11,602 | €10,741 | -€860 | -7.4% |
| Cash at bank and in hand | 54/58 | €700,951 | €350,597 | -€350,355 | -50.0% |
| Deferred charges and accrued income | 490/1 | €8,778 | €187 | -€8,591 | -97.9% |
| Total equity and liabilities | 10/49 | €4,934,304 | €5,037,909 | +€103,606 | +2.1% |
| Equity | 10/15 | €1,783,235 | €2,101,742 | +€318,507 | +17.9% |
| Contributions | 10/11 | €329,726 | €329,726 | = | 0.0% |
| Capital | 10 | €329,726 | €329,726 | = | 0.0% |
| Issued capital | 100 | €329,726 | €329,726 | = | 0.0% |
| Reserves | 13 | €296,210 | €614,717 | +€318,507 | +108% |
| Non-distributable reserves | 130/1 | €32,973 | €32,973 | = | 0.0% |
| Legal reserve | 130 | €32,973 | €32,973 | = | 0.0% |
| Tax-exempt reserves | 132 | €261,377 | €215,197 | -€46,180 | -17.7% |
| Distributable reserves | 133 | €1,861 | €366,547 | +€364,687 | +19,599% |
| Profit (loss) carried forward | 14 | €1,157,299 | €1,157,299 | = | 0.0% |
| Provisions and deferred taxes | 16 | €86,917 | €71,523 | -€15,393 | -17.7% |
| Deferred taxes | 168 | €86,917 | €71,523 | -€15,393 | -17.7% |
| Amounts payable | 17/49 | €3,064,152 | €2,864,644 | -€199,508 | -6.5% |
| Amounts payable after more than one year | 17 | €507,652 | €365,980 | -€141,672 | -27.9% |
| Financial debts | 170/4 | €465,354 | €323,683 | -€141,672 | -30.4% |
| Other amounts payable | 178/9 | €42,298 | €42,298 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,556,483 | €2,498,653 | -€57,830 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €137,026 | €141,672 | +€4,646 | +3.4% |
| Financial debts | 43 | €36 | - | -€36 | |
| Credit institutions | 430/8 | €36 | - | -€36 | |
| Trade debts | 44 | €8,081 | €14,786 | +€6,705 | +83.0% |
| Suppliers | 440/4 | €8,081 | €14,786 | +€6,705 | +83.0% |
| Taxes, remuneration and social security | 45 | €37,132 | €76,300 | +€39,168 | +105% |
| Taxes | 450/3 | €37,132 | €76,300 | +€39,168 | +105% |
| Other amounts payable | 47/48 | €2,374,208 | €2,265,896 | -€108,312 | -4.6% |
| Accrued charges and deferred income | 492/3 | €16 | €10 | -€6 | -36.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130,603 | €204,633 | +€74,031 | +56.7% |
| Other operating charges | 640/8 | €47,336 | €68,137 | +€20,800 | +43.9% |
| Gross operating margin | 9900 | €675,143 | €753,982 | +€78,839 | +11.7% |
| Operating profit (loss) | 9901 | €497,204 | €481,212 | -€15,992 | -3.2% |
| Financial income | 75/76B | €18 | €131 | +€113 | +623% |
| Recurring financial income | 75 | €18 | €131 | +€113 | +623% |
| Financial charges | 65/66B | €45,048 | €29,509 | -€15,539 | -34.5% |
| Recurring financial charges | 65 | €45,048 | €29,509 | -€15,539 | -34.5% |
| Profit (loss) for the period before taxes | 9903 | €452,174 | €451,834 | -€340 | -0.1% |
| Transfer from deferred taxes | 780 | €10,315 | €15,393 | +€5,078 | +49.2% |
| Income taxes | 67/77 | €119,259 | €148,720 | +€29,462 | +24.7% |
| Profit (loss) for the period | 9904 | €343,230 | €318,507 | -€24,724 | -7.2% |
| Transfer from tax-exempt reserves | 789 | €30,946 | €46,180 | +€15,235 | +49.2% |
| Profit (loss) for the period to be appropriated | 9905 | €374,176 | €364,687 | -€9,489 | -2.5% |
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 14 October 2026 via checked.be.