IMMO A & P: 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 & P
Largest movements
- Tangible fixed assets -€30,868
down €30,868 (-3.4%), from €909,674 to €878,806
- Debts after one year -€32,500
down €32,500 (-81.3%), from €40,000 to €7,500
- Current portion of long-term debt -€27,500
down €27,500 (-45.8%), from €60,000 to €32,500
- Other debts +€18,399
up €18,399 (+2.4%), from €777,644 to €796,043
- Gross operating margin +€3,843
up €3,843 (+7.3%), from €52,445 to €56,289
- Depreciation +€2,898
up €2,898 (+10.1%), from €28,770 to €31,668
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 | €929,954 | €897,414 | -€32,540 | -3.5% |
| Fixed assets | 21/28 | €909,674 | €878,806 | -€30,868 | -3.4% |
| Tangible fixed assets | 22/27 | €909,674 | €878,806 | -€30,868 | -3.4% |
| Land and buildings | 22 | €909,674 | €878,806 | -€30,868 | -3.4% |
| Current assets | 29/58 | €20,280 | €18,609 | -€1,672 | -8.2% |
| Amounts receivable within one year | 40/41 | €2,265 | €7,249 | +€4,984 | +220% |
| Other amounts receivable | 41 | €2,265 | €7,249 | +€4,984 | +220% |
| Cash at bank and in hand | 54/58 | €17,446 | €10,762 | -€6,685 | -38.3% |
| Deferred charges and accrued income | 490/1 | €569 | €598 | +€29 | +5.0% |
| Total equity and liabilities | 10/49 | €929,954 | €897,414 | -€32,540 | -3.5% |
| Equity | 10/15 | €48,754 | €57,294 | +€8,540 | +17.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,090 | €26,630 | +€8,540 | +47.2% |
| Distributable reserves | 133 | €18,090 | €26,630 | +€8,540 | +47.2% |
| Profit (loss) carried forward | 14 | €12,064 | €12,064 | = | 0.0% |
| Amounts payable | 17/49 | €881,200 | €840,120 | -€41,080 | -4.7% |
| Amounts payable after more than one year | 17 | €40,000 | €7,500 | -€32,500 | -81.3% |
| Financial debts | 170/4 | €40,000 | €7,500 | -€32,500 | -81.3% |
| Amounts payable within one year | 42/48 | €837,851 | €828,543 | -€9,307 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €60,000 | €32,500 | -€27,500 | -45.8% |
| Taxes, remuneration and social security | 45 | €207 | €0 | -€207 | -100% |
| Taxes | 450/3 | €207 | €0 | -€207 | -100% |
| Other amounts payable | 47/48 | €777,644 | €796,043 | +€18,399 | +2.4% |
| Accrued charges and deferred income | 492/3 | €3,349 | €4,077 | +€727 | +21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,770 | €31,668 | +€2,898 | +10.1% |
| Other operating charges | 640/8 | €7,504 | €7,712 | +€208 | +2.8% |
| Gross operating margin | 9900 | €52,445 | €56,289 | +€3,843 | +7.3% |
| Operating profit (loss) | 9901 | €16,171 | €16,908 | +€737 | +4.6% |
| Financial charges | 65/66B | €4,432 | €4,383 | -€49 | -1.1% |
| Recurring financial charges | 65 | €4,432 | €4,383 | -€49 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €11,739 | €12,525 | +€786 | +6.7% |
| Income taxes | 67/77 | €3,735 | €3,985 | +€250 | +6.7% |
| Profit (loss) for the period | 9904 | €8,004 | €8,540 | +€536 | +6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,004 | €8,540 | +€536 | +6.7% |
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 15 October 2026 via checked.be.