IMMO AC: 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 AC
Largest movements
- Tangible fixed assets -€11,465
down €11,465 (-4.4%), from €263,197 to €251,732
of which Land and buildings: -€13,592
- Cash +€5,273
up €5,273 (+132%), from €4,000 to €9,273
mainly Depreciation (+€15,289) and Accrued charges and deferred income (+€2,000)
- Debts after one year -€12,228
down €12,228 (-7.7%), from €159,380 to €147,152
- Gross operating margin +€6,248
up €6,248 (+39.1%), from €15,960 to €22,208
- Depreciation +€1,696
up €1,696 (+12.5%), from €13,593 to €15,289
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 | €269,987 | €261,799 | -€8,188 | -3.0% |
| Fixed assets | 21/28 | €263,197 | €251,732 | -€11,465 | -4.4% |
| Tangible fixed assets | 22/27 | €263,197 | €251,732 | -€11,465 | -4.4% |
| Land and buildings | 22 | €263,197 | €249,605 | -€13,592 | -5.2% |
| Plant, machinery and equipment | 23 | - | €2,127 | +€2,127 | |
| Current assets | 29/58 | €6,790 | €10,067 | +€3,277 | +48.3% |
| Amounts receivable within one year | 40/41 | €2,790 | €794 | -€1,996 | -71.5% |
| Other amounts receivable | 41 | €2,790 | €794 | -€1,996 | -71.5% |
| Cash at bank and in hand | 54/58 | €4,000 | €9,273 | +€5,273 | +132% |
| Total equity and liabilities | 10/49 | €269,987 | €261,799 | -€8,188 | -3.0% |
| Equity | 10/15 | €92,571 | €93,363 | +€792 | +0.9% |
| Contributions | 10/11 | €3,457 | €3,457 | = | 0.0% |
| Reserves | 13 | €92,837 | €92,837 | = | 0.0% |
| Distributable reserves | 133 | €92,837 | €92,837 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,723 | -€2,931 | +€792 | +21.3% |
| Amounts payable | 17/49 | €177,416 | €168,436 | -€8,980 | -5.1% |
| Amounts payable after more than one year | 17 | €159,380 | €147,152 | -€12,228 | -7.7% |
| Financial debts | 170/4 | €159,380 | €147,152 | -€12,228 | -7.7% |
| Amounts payable within one year | 42/48 | €18,036 | €19,284 | +€1,248 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €10,628 | €10,909 | +€281 | +2.6% |
| Taxes, remuneration and social security | 45 | €1,947 | €2,375 | +€428 | +22.0% |
| Taxes | 450/3 | €1,947 | €2,375 | +€428 | +22.0% |
| Other amounts payable | 47/48 | €5,461 | €6,000 | +€539 | +9.9% |
| Accrued charges and deferred income | 492/3 | - | €2,000 | +€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,593 | €15,289 | +€1,696 | +12.5% |
| Other operating charges | 640/8 | €1,947 | €1,988 | +€41 | +2.1% |
| Gross operating margin | 9900 | €15,960 | €22,208 | +€6,248 | +39.1% |
| Operating profit (loss) | 9901 | €420 | €4,931 | +€4,511 | +1,074% |
| Financial charges | 65/66B | €4,143 | €4,139 | -€4 | -0.1% |
| Recurring financial charges | 65 | €4,143 | €4,139 | -€4 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,723 | €792 | +€4,515 | |
| Profit (loss) for the period | 9904 | -€3,723 | €792 | +€4,515 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,723 | €792 | +€4,515 |
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 18 October 2026 via checked.be.