IMMO ADAM: 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.
IMMO ADAM
Largest movements
- Tangible fixed assets -€5,537
down €5,537 (-3.2%), from €175,678 to €170,141
- Cash -€3,516
down €3,516 (-88.2%), from €3,985 to €469
mainly Debts within one year (-€18,961) and Contributions, distributions and other (-€6,100)
- Debts within one year -€18,961
down €18,961 (-68.9%), from €27,501 to €8,540
- Debts after one year +€11,258
up €11,258 (+8.9%), from €126,242 to €137,500
- Gross operating margin -€4,556
down €4,556 (-20.8%), from €21,954 to €17,398
- Taxes -€1,151
down €1,151 (-36.4%), from €3,159 to €2,008
From the 2019 result to the 2020 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 2019 and 2020 balance sheets and the 2020 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €181,510 | €173,091 | -€8,419 | -4.6% |
| Fixed assets | 21/28 | €176,124 | €170,587 | -€5,537 | -3.1% |
| Tangible fixed assets | 22/27 | €175,678 | €170,141 | -€5,537 | -3.2% |
| Financial fixed assets | 28 | €446 | €446 | = | 0.0% |
| Current assets | 29/58 | €5,386 | €2,504 | -€2,882 | -53.5% |
| Amounts receivable within one year | 40/41 | €1,401 | €2,035 | +€634 | +45.3% |
| Cash at bank and in hand | 54/58 | €3,985 | €469 | -€3,516 | -88.2% |
| Total equity and liabilities | 10/49 | €181,510 | €173,091 | -€8,419 | -4.6% |
| Equity | 10/15 | €27,767 | €27,051 | -€716 | -2.6% |
| Contributions | 10/11 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €20,060 | €25,360 | +€5,300 | +26.4% |
| Profit (loss) carried forward | 14 | €1,507 | €1,591 | +€84 | +5.6% |
| Amounts payable | 17/49 | €153,743 | €146,040 | -€7,703 | -5.0% |
| Amounts payable after more than one year | 17 | €126,242 | €137,500 | +€11,258 | +8.9% |
| Amounts payable within one year | 42/48 | €27,501 | €8,540 | -€18,961 | -68.9% |
| Trade debts | 44 | - | €3,239 | +€3,239 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,677 | €6,779 | +€102 | +1.5% |
| Gross operating margin | 9900 | €21,954 | €17,398 | -€4,556 | -20.8% |
| Operating profit (loss) | 9901 | €14,577 | €9,909 | -€4,668 | -32.0% |
| Recurring financial charges | 65 | €3,218 | €2,517 | -€701 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €11,359 | €7,392 | -€3,967 | -34.9% |
| Income taxes | 67/77 | €3,159 | €2,008 | -€1,151 | -36.4% |
| Profit (loss) for the period | 9904 | €8,200 | €5,384 | -€2,816 | -34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,200 | €5,384 | -€2,816 | -34.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.