IMMO A & E: what changed
Two fiscal 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 & E
Largest movements
- Tangible fixed assets +€20,951
up €20,951 (+253.4%), from €8,268 to €29,218
of which Furniture and vehicles: +€19,311
- Receivables within one year +€13,358
up €13,358 (+284.9%), from €4,688 to €18,047
of which Trade receivables: +€15,652
- Stocks and contracts -€3,000
no longer reported in 2025 (was €3,000)
- Cash +€1,729
up €1,729 (+3.0%), from €57,838 to €59,567
mainly Debts after one year (+€14,714) and Current portion of long-term debt (+€6,157)
- Debts after one year +€14,714
new in 2025: €14,714
- Current portion of long-term debt +€6,157
new in 2025: €6,157
- Tax, wage and social debts +€5,513
up €5,513 (+3633.5%), from €152 to €5,665
of which Remuneration and social security: +€3,000
- Profit (loss) carried forward +€4,511
up €4,511 (+14.5%), from €31,161 to €35,672
- Other debts +€1,220
up €1,220 (+18.5%), from €6,600 to €7,820
- Gross operating margin -€28,064
down €28,064 (-66.8%), from €41,988 to €13,924
- Taxes -€6,709
down €6,709 (-85.2%), from €7,875 to €1,165
- Financial income -€1,918
down €1,918 (-99.5%), from €1,928 to €11
- Depreciation +€1,894
up €1,894 (+47.0%), from €4,029 to €5,923
- Financial charges +€1,108
up €1,108 (+476.0%), from €233 to €1,340
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 | €74,912 | €107,028 | +€32,116 | +42.9% |
| Fixed assets | 21/28 | €8,268 | €29,218 | +€20,951 | +253.4% |
| Tangible fixed assets | 22/27 | €8,268 | €29,218 | +€20,951 | +253.4% |
| Land and buildings | 22 | €1,068 | €778 | -€290 | -27.2% |
| Plant, machinery and equipment | 23 | €3,358 | €5,287 | +€1,930 | +57.5% |
| Furniture and vehicles | 24 | €3,843 | €23,153 | +€19,311 | +502.6% |
| Current assets | 29/58 | €66,645 | €77,810 | +€11,165 | +16.8% |
| Stocks and contracts in progress | 3 | €3,000 | - | -€3,000 | |
| Contracts in progress | 37 | €3,000 | - | -€3,000 | |
| Amounts receivable within one year | 40/41 | €4,688 | €18,047 | +€13,358 | +284.9% |
| Trade receivables | 40 | €1,060 | €16,712 | +€15,652 | +1476.6% |
| Other amounts receivable | 41 | €3,628 | €1,335 | -€2,293 | -63.2% |
| Cash at bank and in hand | 54/58 | €57,838 | €59,567 | +€1,729 | +3.0% |
| Deferred charges and accrued income | 490/1 | €1,118 | €196 | -€922 | -82.4% |
| Total equity and liabilities | 10/49 | €74,912 | €107,028 | +€32,116 | +42.9% |
| Equity | 10/15 | €68,161 | €72,672 | +€4,511 | +6.6% |
| Contributions | 10/11 | €37,000 | €37,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,161 | €35,672 | +€4,511 | +14.5% |
| Amounts payable | 17/49 | €6,752 | €34,356 | +€27,604 | +408.8% |
| Amounts payable after more than one year | 17 | - | €14,714 | +€14,714 | |
| Financial debts | 170/4 | - | €14,714 | +€14,714 | |
| Amounts payable within one year | 42/48 | €6,752 | €19,642 | +€12,890 | +190.9% |
| Current portion of amounts payable after more than one year | 42 | - | €6,157 | +€6,157 | |
| Taxes, remuneration and social security | 45 | €152 | €5,665 | +€5,513 | +3633.5% |
| Taxes | 450/3 | €152 | €2,665 | +€2,513 | +1656.4% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €6,600 | €7,820 | +€1,220 | +18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,029 | €5,923 | +€1,894 | +47.0% |
| Other operating charges | 640/8 | €619 | €458 | -€161 | -26.0% |
| Non-recurring operating charges | 66A | - | €537 | +€537 | |
| Gross operating margin | 9900 | €41,988 | €13,924 | -€28,064 | -66.8% |
| Operating profit (loss) | 9901 | €37,340 | €7,006 | -€30,333 | -81.2% |
| Financial income | 75/76B | €1,928 | €11 | -€1,918 | -99.5% |
| Recurring financial income | 75 | €1,928 | €11 | -€1,918 | -99.5% |
| Financial charges | 65/66B | €233 | €1,340 | +€1,108 | +476.0% |
| Recurring financial charges | 65 | €233 | €1,340 | +€1,108 | +476.0% |
| Profit (loss) for the period before taxes | 9903 | €39,035 | €5,677 | -€33,359 | -85.5% |
| Income taxes | 67/77 | €7,875 | €1,165 | -€6,709 | -85.2% |
| Profit (loss) for the period | 9904 | €31,161 | €4,511 | -€26,649 | -85.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,161 | €4,511 | -€26,649 | -85.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.