IMMO AF: 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 AF
Largest movements
- Stocks and contracts +€166,309
up €166,309 (+80.0%), from €207,975 to €374,284
- Receivables within one year +€13,500
new in 2025: €13,500
- Cash -€6,223
down €6,223 (-88.7%), from €7,014 to €791
mainly Stocks and contracts (-€166,309) and Net result for the year (-€16,223)
- Short-term financial debts +€148,450
up €148,450 (+109.1%), from €136,050 to €284,500
- Other debts +€23,049
up €23,049 (+30.0%), from €76,874 to €99,923
- Trade debts +€18,310
new in 2025: €18,310
- Profit (loss) carried forward -€16,223
down €16,223 (-1735.0%), from -€935 to -€17,157
- Gross operating margin -€29,244
down €29,244, from €26,055 to -€3,189
- Financial charges -€1,318
down €1,318 (-9.4%), from €13,951 to €12,633
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 | €214,989 | €388,575 | +€173,586 | +80.7% |
| Current assets | 29/58 | €214,989 | €388,575 | +€173,586 | +80.7% |
| Stocks and contracts in progress | 3 | €207,975 | €374,284 | +€166,309 | +80.0% |
| Stocks | 30/36 | €207,975 | €374,284 | +€166,309 | +80.0% |
| Amounts receivable within one year | 40/41 | - | €13,500 | +€13,500 | |
| Trade receivables | 40 | - | €13,500 | +€13,500 | |
| Cash at bank and in hand | 54/58 | €7,014 | €791 | -€6,223 | -88.7% |
| Total equity and liabilities | 10/49 | €214,989 | €388,575 | +€173,586 | +80.7% |
| Equity | 10/15 | €2,065 | -€14,157 | -€16,223 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€935 | -€17,157 | -€16,223 | -1735.0% |
| Amounts payable | 17/49 | €212,924 | €402,733 | +€189,809 | +89.1% |
| Amounts payable within one year | 42/48 | €212,924 | €402,733 | +€189,809 | +89.1% |
| Financial debts | 43 | €136,050 | €284,500 | +€148,450 | +109.1% |
| Credit institutions | 430/8 | €136,050 | €284,500 | +€148,450 | +109.1% |
| Trade debts | 44 | - | €18,310 | +€18,310 | |
| Suppliers | 440/4 | - | €18,310 | +€18,310 | |
| Other amounts payable | 47/48 | €76,874 | €99,923 | +€23,049 | +30.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €26,055 | -€3,189 | -€29,244 | |
| Operating profit (loss) | 9901 | €25,668 | -€3,589 | -€29,257 | |
| Financial charges | 65/66B | €13,951 | €12,633 | -€1,318 | -9.4% |
| Recurring financial charges | 65 | €13,951 | €12,633 | -€1,318 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €11,717 | -€16,223 | -€27,939 | |
| Profit (loss) for the period | 9904 | €11,717 | -€16,223 | -€27,939 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,717 | -€16,223 | -€27,939 |
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.