IMMO ADP: 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 ADP
Largest movements
- Tangible fixed assets -€40,742
down €40,742 (-5.7%), from €720,662 to €679,921
of which Land and buildings: -€40,742
- Cash +€13,285
up €13,285 (+71.4%), from €18,608 to €31,893
mainly Depreciation (+€40,742) and Net result for the year (+€17,344)
- Debts after one year -€44,678
down €44,678 (-14.0%), from €318,905 to €274,227
- Profit (loss) carried forward +€17,344
up €17,344 (+60.6%), from -€28,612 to -€11,268
- Gross operating margin -€1,319
down €1,319 (-1.9%), from €68,219 to €66,900
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 | €787,767 | €759,888 | -€27,879 | -3.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €720,662 | €679,921 | -€40,742 | -5.7% |
| Tangible fixed assets | 22/27 | €720,662 | €679,921 | -€40,742 | -5.7% |
| Land and buildings | 22 | €720,662 | €679,921 | -€40,742 | -5.7% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €67,105 | €79,967 | +€12,863 | +19.2% |
| Amounts receivable within one year | 40/41 | €46,928 | €45,568 | -€1,360 | -2.9% |
| Trade receivables | 40 | €280 | €227 | -€53 | -19.0% |
| Other amounts receivable | 41 | €46,648 | €45,341 | -€1,307 | -2.8% |
| Cash at bank and in hand | 54/58 | €18,608 | €31,893 | +€13,285 | +71.4% |
| Deferred charges and accrued income | 490/1 | €1,568 | €2,507 | +€939 | +59.8% |
| Total equity and liabilities | 10/49 | €787,767 | €759,888 | -€27,879 | -3.5% |
| Equity | 10/15 | €309,788 | €327,132 | +€17,344 | +5.6% |
| Contributions | 10/11 | €338,000 | €338,000 | = | 0.0% |
| Reserves | 13 | €400 | €400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €400 | €400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €400 | €400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,612 | -€11,268 | +€17,344 | +60.6% |
| Amounts payable | 17/49 | €477,979 | €432,756 | -€45,223 | -9.5% |
| Amounts payable after more than one year | 17 | €318,905 | €274,227 | -€44,678 | -14.0% |
| Financial debts | 170/4 | €318,905 | €274,227 | -€44,678 | -14.0% |
| Amounts payable within one year | 42/48 | €157,297 | €157,719 | +€422 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €44,255 | €44,678 | +€422 | +1.0% |
| Trade debts | 44 | €0 | €0 | = | |
| Suppliers | 440/4 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €113,041 | €113,041 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,778 | €810 | -€968 | -54.4% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,215 | €40,742 | +€527 | +1.3% |
| Other operating charges | 640/8 | €3,027 | €2,505 | -€522 | -17.2% |
| Gross operating margin | 9900 | €68,219 | €66,900 | -€1,319 | -1.9% |
| Operating profit (loss) | 9901 | €24,977 | €23,653 | -€1,324 | -5.3% |
| Financial charges | 65/66B | €6,919 | €6,309 | -€610 | -8.8% |
| Recurring financial charges | 65 | €6,919 | €6,309 | -€610 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €18,058 | €17,344 | -€715 | -4.0% |
| Profit (loss) for the period | 9904 | €18,058 | €17,344 | -€715 | -4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,058 | €17,344 | -€715 | -4.0% |
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 13 October 2026 via checked.be.