IMMO A&J: 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.
What changed
IMMO A&J
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2,689
2024 · €5,566-€2,877
Equity
€72,577
2024 · €69,888+€2,689
Cash
€4,246
2024 · €8,122-€3,876
Balance sheet total
€572,749
2024 · €604,680-€31,931
Largest movements
Assets
- Tangible fixed assets -€25,873
down €25,873 (-4.4%), from €592,261 to €566,388
Equity and liabilities
- Other debts -€18,000
down €18,000 (-7.3%), from €245,165 to €227,165
- Debts after one year -€10,236
down €10,236 (-15.2%), from €67,553 to €57,317
Income statement
- Financial income -€1,421
down €1,421 (-97.8%), from €1,453 to €31
- Taxes +€878
new in 2025: €878
- Gross operating margin -€608
down €608 (-1.3%), from €48,254 to €47,646
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.
Result 2024
€5,566
Gross operating margin
-€608
Provisions
-€19
Other operating charges
-€87
Financial income
-€1,421
Financial charges
+€137
Taxes
-€878
Result 2025
€2,689
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.
From operations
+€6,205
Investment
€0
Financing
-€10,080
Cash 2024
€8,122
From operations (derived)
+€6,205
Net result for the year
+€2,689
Depreciation
+€25,873
Deferred charges and accrued income
+€2,183
Provisions
-€1,364
Trade debts
-€44
Tax, wage and social debts
+€868
Other debts
-€18,000
Accrued charges and deferred income
-€6,000
Financing
-€10,080
Debts after one year
-€10,236
Current portion of long-term debt
+€155
Cash 2025
€4,246
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €604,680 | €572,749 | -€31,931 | -5.3% |
| Fixed assets | 21/28 | €592,261 | €566,388 | -€25,873 | -4.4% |
| Tangible fixed assets | 22/27 | €592,261 | €566,388 | -€25,873 | -4.4% |
| Land and buildings | 22 | €592,261 | €566,388 | -€25,873 | -4.4% |
| Current assets | 29/58 | €12,419 | €6,361 | -€6,058 | -48.8% |
| Amounts receivable within one year | 40/41 | €53 | €53 | = | 0.0% |
| Other amounts receivable | 41 | €53 | €53 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,122 | €4,246 | -€3,876 | -47.7% |
| Deferred charges and accrued income | 490/1 | €4,244 | €2,062 | -€2,183 | -51.4% |
| Total equity and liabilities | 10/49 | €604,680 | €572,749 | -€31,931 | -5.3% |
| Equity | 10/15 | €69,888 | €72,577 | +€2,689 | +3.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €66,211 | €68,900 | +€2,689 | +4.1% |
| Non-distributable reserves | 130/1 | €3,979 | €3,979 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,979 | €3,979 | = | 0.0% |
| Distributable reserves | 133 | €62,231 | €64,921 | +€2,689 | +4.3% |
| Profit (loss) carried forward | 14 | -€1,323 | -€1,323 | = | 0.0% |
| Provisions and deferred taxes | 16 | €195,950 | €194,586 | -€1,364 | -0.7% |
| Provisions for liabilities and charges | 160/5 | €195,950 | €194,586 | -€1,364 | -0.7% |
| Other liabilities and charges | 164/5 | €195,950 | €194,586 | -€1,364 | -0.7% |
| Amounts payable | 17/49 | €338,842 | €305,586 | -€33,256 | -9.8% |
| Amounts payable after more than one year | 17 | €67,553 | €57,317 | -€10,236 | -15.2% |
| Financial debts | 170/4 | €67,553 | €57,317 | -€10,236 | -15.2% |
| Amounts payable within one year | 42/48 | €255,289 | €238,269 | -€17,020 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €10,080 | €10,236 | +€155 | +1.5% |
| Trade debts | 44 | €44 | - | -€44 | |
| Suppliers | 440/4 | €44 | - | -€44 | |
| Taxes, remuneration and social security | 45 | - | €868 | +€868 | |
| Taxes | 450/3 | - | €868 | +€868 | |
| Other amounts payable | 47/48 | €245,165 | €227,165 | -€18,000 | -7.3% |
| Accrued charges and deferred income | 492/3 | €16,000 | €10,000 | -€6,000 | -37.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,873 | €25,873 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,383 | -€1,364 | +€19 | +1.4% |
| Other operating charges | 640/8 | €2,758 | €2,845 | +€87 | +3.2% |
| Gross operating margin | 9900 | €48,254 | €47,646 | -€608 | -1.3% |
| Operating profit (loss) | 9901 | €21,007 | €20,293 | -€715 | -3.4% |
| Financial income | 75/76B | €1,453 | €31 | -€1,421 | -97.8% |
| Recurring financial income | 75 | €1,453 | €31 | -€1,421 | -97.8% |
| Financial charges | 65/66B | €16,894 | €16,757 | -€137 | -0.8% |
| Recurring financial charges | 65 | €16,894 | €16,757 | -€137 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €5,566 | €3,567 | -€1,999 | -35.9% |
| Income taxes | 67/77 | - | €878 | +€878 | |
| Profit (loss) for the period | 9904 | €5,566 | €2,689 | -€2,877 | -51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,566 | €2,689 | -€2,877 | -51.7% |
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 6 October 2026 via checked.be.