IMMO A & N: 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 & N
Largest movements
- Tangible fixed assets -€1.2m
no longer reported in 2025 (was €1.2m)
- Cash +€23,909
up €23,909 (+5,573%), from €429 to €24,338
mainly Investment in fixed assets (net) (+€1.2m) and Net result for the year (+€81,766)
- Debts after one year -€850,000
no longer reported in 2025 (was €850,000)
- Other debts -€369,500
down €369,500 (-99.7%), from €370,650 to €1,150
- Profit (loss) carried forward +€81,766
up €81,766 (+89.0%), from -€91,847 to -€10,081
- Trade debts -€47,861
down €47,861 (-98.9%), from €48,393 to €532
- Tax, wage and social debts +€35,784
up €35,784 (+1,919%), from €1,865 to €37,649
- Gross operating margin +€108,969
up €108,969 (+463%), from €23,515 to €132,484
- Financial charges -€16,592
down €16,592 (-32.2%), from €51,462 to €34,870
- Other operating charges +€8,829
up €8,829 (+126%), from €7,019 to €15,848
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 | €1,189,061 | €39,250 | -€1.1m | -96.7% |
| Fixed assets | 21/28 | €1,176,004 | - | -€1.2m | |
| Tangible fixed assets | 22/27 | €1,176,004 | - | -€1.2m | |
| Land and buildings | 22 | €1,176,004 | - | -€1.2m | |
| Current assets | 29/58 | €13,057 | €39,250 | +€26,193 | +201% |
| Amounts receivable within one year | 40/41 | €12,628 | €14,912 | +€2,284 | +18.1% |
| Trade receivables | 40 | - | €2,320 | +€2,320 | |
| Other amounts receivable | 41 | €12,628 | €12,592 | -€36 | -0.3% |
| Cash at bank and in hand | 54/58 | €429 | €24,338 | +€23,909 | +5,573% |
| Total equity and liabilities | 10/49 | €1,189,061 | €39,250 | -€1.1m | -96.7% |
| Equity | 10/15 | -€81,847 | -€81 | +€81,766 | +99.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | €10,000 | €10,000 | = | 0.0% |
| Issued capital | 100 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€91,847 | -€10,081 | +€81,766 | +89.0% |
| Amounts payable | 17/49 | €1,270,908 | €39,331 | -€1.2m | -96.9% |
| Amounts payable after more than one year | 17 | €850,000 | - | -€850,000 | |
| Financial debts | 170/4 | €850,000 | - | -€850,000 | |
| Amounts payable within one year | 42/48 | €420,908 | €39,331 | -€381,577 | -90.7% |
| Trade debts | 44 | €48,393 | €532 | -€47,861 | -98.9% |
| Suppliers | 440/4 | €48,393 | €532 | -€47,861 | -98.9% |
| Taxes, remuneration and social security | 45 | €1,865 | €37,649 | +€35,784 | +1,919% |
| Taxes | 450/3 | €1,865 | €37,649 | +€35,784 | +1,919% |
| Other amounts payable | 47/48 | €370,650 | €1,150 | -€369,500 | -99.7% |
| Non-recurring operating income | 76A | - | €192,297 | +€192,297 | |
| Other operating charges | 640/8 | €7,019 | €15,848 | +€8,829 | +126% |
| Gross operating margin | 9900 | €23,515 | €132,484 | +€108,969 | +463% |
| Operating profit (loss) | 9901 | €16,496 | €116,636 | +€100,140 | +607% |
| Financial charges | 65/66B | €51,462 | €34,870 | -€16,592 | -32.2% |
| Recurring financial charges | 65 | €51,462 | €34,870 | -€16,592 | -32.2% |
| Profit (loss) for the period before taxes | 9903 | -€34,966 | €81,766 | +€116,732 | |
| Profit (loss) for the period | 9904 | -€34,966 | €81,766 | +€116,732 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,966 | €81,766 | +€116,732 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.