IMMO - AH: 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 - AH
Largest movements
- Current investments -€99,270
down €99,270 (-48.9%), from €202,888 to €103,617
- Receivables after one year +€94,333
new in 2025: €94,333
- Tangible fixed assets -€25,751
down €25,751 (-6.5%), from €395,314 to €369,562
of which Land and buildings: -€22,942
- Cash +€15,997
up €15,997 (+72.6%), from €22,045 to €38,043
mainly Current investments (+€99,270) and Depreciation (+€25,751)
- Profit (loss) carried forward -€10,377
down €10,377 (-11.4%), from -€90,897 to -€101,274
- Gross operating margin -€6,453
down €6,453 (-23.7%), from €27,188 to €20,735
- Financial charges -€750
down €750 (-94.3%), from €795 to €45
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 | €624,434 | €614,435 | -€9,999 | -1.6% |
| Fixed assets | 21/28 | €395,314 | €369,562 | -€25,751 | -6.5% |
| Tangible fixed assets | 22/27 | €395,314 | €369,562 | -€25,751 | -6.5% |
| Land and buildings | 22 | €366,985 | €344,044 | -€22,942 | -6.3% |
| Plant, machinery and equipment | 23 | €26,328 | €23,519 | -€2,810 | -10.7% |
| Furniture and vehicles | 24 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €229,121 | €244,873 | +€15,752 | +6.9% |
| Amounts receivable after more than one year | 29 | - | €94,333 | +€94,333 | |
| Other amounts receivable | 291 | - | €94,333 | +€94,333 | |
| Amounts receivable within one year | 40/41 | €281 | €4,965 | +€4,684 | +1667.9% |
| Other amounts receivable | 41 | €281 | €4,965 | +€4,684 | +1667.9% |
| Current investments | 50/53 | €202,888 | €103,617 | -€99,270 | -48.9% |
| Cash at bank and in hand | 54/58 | €22,045 | €38,043 | +€15,997 | +72.6% |
| Deferred charges and accrued income | 490/1 | €3,907 | €3,915 | +€8 | +0.2% |
| Total equity and liabilities | 10/49 | €624,434 | €614,435 | -€9,999 | -1.6% |
| Equity | 10/15 | €621,620 | €611,243 | -€10,377 | -1.7% |
| Contributions | 10/11 | €675,000 | €675,000 | = | 0.0% |
| Reserves | 13 | €37,517 | €37,517 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,244 | €8,244 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,244 | €8,244 | = | 0.0% |
| Tax-exempt reserves | 132 | €273 | €273 | = | 0.0% |
| Distributable reserves | 133 | €29,000 | €29,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,897 | -€101,274 | -€10,377 | -11.4% |
| Amounts payable | 17/49 | €2,814 | €3,193 | +€379 | +13.5% |
| Amounts payable within one year | 42/48 | €1,051 | €455 | -€596 | -56.8% |
| Trade debts | 44 | €1,051 | €455 | -€596 | -56.8% |
| Suppliers | 440/4 | €1,051 | €455 | -€596 | -56.8% |
| Accrued charges and deferred income | 492/3 | €1,763 | €2,738 | +€975 | +55.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,548 | €25,751 | +€203 | +0.8% |
| Other operating charges | 640/8 | €6,403 | €6,359 | -€45 | -0.7% |
| Gross operating margin | 9900 | €27,188 | €20,735 | -€6,453 | -23.7% |
| Operating profit (loss) | 9901 | -€4,763 | -€11,375 | -€6,612 | -138.8% |
| Financial income | 75/76B | €1,111 | €1,043 | -€69 | -6.2% |
| Recurring financial income | 75 | €1,111 | €1,043 | -€69 | -6.2% |
| Financial charges | 65/66B | €795 | €45 | -€750 | -94.3% |
| Recurring financial charges | 65 | €795 | €45 | -€750 | -94.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,447 | -€10,377 | -€5,930 | -133.4% |
| Income taxes | 67/77 | €231 | - | -€231 | |
| Profit (loss) for the period | 9904 | -€4,678 | -€10,377 | -€5,699 | -121.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,678 | -€10,377 | -€5,699 | -121.8% |
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 5 October 2026 via checked.be.