IMMO ADIMAR: 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 ADIMAR
Largest movements
- Tangible fixed assets -€23,093
down €23,093 (-4.3%), from €540,271 to €517,178
- Debts after one year -€18,181
down €18,181 (-28.6%), from €63,569 to €45,388
- Other debts -€7,504
down €7,504 (-4.2%), from €180,484 to €172,980
- Write-downs +€4,791
new in 2025: €4,791
- Gross operating margin -€3,981
down €3,981 (-9.7%), from €41,085 to €37,104
- Taxes -€1,300
down €1,300 (-72.2%), from €1,800 to €500
- Other operating charges -€755
down €755 (-10.0%), from €7,546 to €6,791
- Financial charges -€539
down €539 (-18.2%), from €2,961 to €2,422
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 | €600,716 | €575,137 | -€25,579 | -4.3% |
| Fixed assets | 21/28 | €540,271 | €517,178 | -€23,093 | -4.3% |
| Tangible fixed assets | 22/27 | €540,271 | €517,178 | -€23,093 | -4.3% |
| Land and buildings | 22 | €540,271 | €517,178 | -€23,093 | -4.3% |
| Current assets | 29/58 | €60,445 | €57,959 | -€2,486 | -4.1% |
| Amounts receivable within one year | 40/41 | €5,602 | €4,942 | -€660 | -11.8% |
| Trade receivables | 40 | €24 | - | -€24 | |
| Other amounts receivable | 41 | €5,578 | €4,942 | -€636 | -11.4% |
| Cash at bank and in hand | 54/58 | €54,843 | €53,017 | -€1,826 | -3.3% |
| Total equity and liabilities | 10/49 | €600,716 | €575,137 | -€25,579 | -4.3% |
| Equity | 10/15 | €336,504 | €336,011 | -€493 | -0.1% |
| Contributions | 10/11 | €318,500 | €318,500 | = | 0.0% |
| Reserves | 13 | €18,000 | €17,511 | -€489 | -2.7% |
| Distributable reserves | 133 | €18,000 | €17,511 | -€489 | -2.7% |
| Profit (loss) carried forward | 14 | €4 | - | -€4 | |
| Provisions and deferred taxes | 16 | €1,637 | €1,637 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €1,637 | €1,637 | = | 0.0% |
| Major repairs and maintenance | 162 | €1,637 | €1,637 | = | 0.0% |
| Amounts payable | 17/49 | €262,575 | €237,489 | -€25,086 | -9.6% |
| Amounts payable after more than one year | 17 | €63,569 | €45,388 | -€18,181 | -28.6% |
| Financial debts | 170/4 | €63,569 | €45,388 | -€18,181 | -28.6% |
| Amounts payable within one year | 42/48 | €198,108 | €191,161 | -€6,947 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €17,624 | €18,181 | +€557 | +3.2% |
| Other amounts payable | 47/48 | €180,484 | €172,980 | -€7,504 | -4.2% |
| Accrued charges and deferred income | 492/3 | €898 | €940 | +€42 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,380 | €23,093 | -€287 | -1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,791 | +€4,791 | |
| Other operating charges | 640/8 | €7,546 | €6,791 | -€755 | -10.0% |
| Gross operating margin | 9900 | €41,085 | €37,104 | -€3,981 | -9.7% |
| Operating profit (loss) | 9901 | €10,159 | €2,429 | -€7,730 | -76.1% |
| Financial charges | 65/66B | €2,961 | €2,422 | -€539 | -18.2% |
| Recurring financial charges | 65 | €2,961 | €2,422 | -€539 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €7,198 | €7 | -€7,191 | -99.9% |
| Income taxes | 67/77 | €1,800 | €500 | -€1,300 | -72.2% |
| Profit (loss) for the period | 9904 | €5,398 | -€493 | -€5,891 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,398 | -€493 | -€5,891 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.