IMMO A9: 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 A9
Largest movements
- Tangible fixed assets +€30,357
up €30,357 (+231.3%), from €13,125 to €43,482
- Receivables within one year -€17,916
down €17,916 (-89.1%), from €20,107 to €2,190
of which Trade receivables: -€17,666
- Cash -€1,333
down €1,333 (-2.5%), from €53,329 to €51,996
mainly Investment in fixed assets (net) (-€44,793) and Net result for the year (-€10,838)
- Financial fixed assets +€1,200
new in 2025: €1,200
- Debts after one year +€25,534
new in 2025: €25,534
- Profit (loss) carried forward -€10,838
down €10,838 (-58.9%), from €18,396 to €7,558
- Current portion of long-term debt +€7,673
new in 2025: €7,673
- Tax, wage and social debts -€6,050
no longer reported in 2025 (was €6,050)
- Other debts -€4,084
down €4,084 (-27.4%), from €14,921 to €10,837
- Gross operating margin -€22,062
down €22,062 (-82.3%), from €26,802 to €4,741
- Depreciation +€8,862
up €8,862 (+202.6%), from €4,375 to €13,237
- Taxes -€5,893
down €5,893 (-97.5%), from €6,043 to €150
- Financial charges +€1,320
up €1,320 (+534.6%), from €247 to €1,567
- Other operating charges +€280
up €280 (+78.8%), from €356 to €636
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 | €86,561 | €98,868 | +€12,307 | +14.2% |
| Fixed assets | 21/28 | €13,125 | €44,682 | +€31,557 | +240.4% |
| Tangible fixed assets | 22/27 | €13,125 | €43,482 | +€30,357 | +231.3% |
| Furniture and vehicles | 24 | €13,125 | €43,482 | +€30,357 | +231.3% |
| Financial fixed assets | 28 | - | €1,200 | +€1,200 | |
| Current assets | 29/58 | €73,436 | €54,186 | -€19,250 | -26.2% |
| Amounts receivable within one year | 40/41 | €20,107 | €2,190 | -€17,916 | -89.1% |
| Trade receivables | 40 | €18,583 | €918 | -€17,666 | -95.1% |
| Other amounts receivable | 41 | €1,523 | €1,273 | -€251 | -16.4% |
| Cash at bank and in hand | 54/58 | €53,329 | €51,996 | -€1,333 | -2.5% |
| Total equity and liabilities | 10/49 | €86,561 | €98,868 | +€12,307 | +14.2% |
| Equity | 10/15 | €38,856 | €28,018 | -€10,838 | -27.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,396 | €7,558 | -€10,838 | -58.9% |
| Amounts payable | 17/49 | €47,705 | €70,850 | +€23,145 | +48.5% |
| Amounts payable after more than one year | 17 | - | €25,534 | +€25,534 | |
| Financial debts | 170/4 | - | €25,534 | +€25,534 | |
| Amounts payable within one year | 42/48 | €47,705 | €45,316 | -€2,389 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | - | €7,673 | +€7,673 | |
| Trade debts | 44 | €26,734 | €26,806 | +€72 | +0.3% |
| Suppliers | 440/4 | €26,734 | €26,806 | +€72 | +0.3% |
| Taxes, remuneration and social security | 45 | €6,050 | - | -€6,050 | |
| Taxes | 450/3 | €6,050 | - | -€6,050 | |
| Other amounts payable | 47/48 | €14,921 | €10,837 | -€4,084 | -27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,375 | €13,237 | +€8,862 | +202.6% |
| Other operating charges | 640/8 | €356 | €636 | +€280 | +78.8% |
| Gross operating margin | 9900 | €26,802 | €4,741 | -€22,062 | -82.3% |
| Operating profit (loss) | 9901 | €22,072 | -€9,132 | -€31,204 | |
| Financial income | 75/76B | €22 | €11 | -€11 | -51.3% |
| Recurring financial income | 75 | €22 | €11 | -€11 | -51.3% |
| Financial charges | 65/66B | €247 | €1,567 | +€1,320 | +534.6% |
| Recurring financial charges | 65 | €247 | €1,567 | +€1,320 | +534.6% |
| Profit (loss) for the period before taxes | 9903 | €21,847 | -€10,688 | -€32,535 | |
| Income taxes | 67/77 | €6,043 | €150 | -€5,893 | -97.5% |
| Profit (loss) for the period | 9904 | €15,804 | -€10,838 | -€26,642 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,804 | -€10,838 | -€26,642 |
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 11 October 2026 via checked.be.