Immo Albert: what changed
Immo Albert
Largest movements
- Receivables within one year -€3,783
down €3,783 (-12.6%), from €29,939 to €26,156
of which Trade receivables: -€7,704
- Tangible fixed assets -€2,875
down €2,875 (-18.5%), from €15,536 to €12,660
of which Furniture and vehicles: -€2,223
- Cash +€791
up €791 (+42.7%), from €1,853 to €2,644
mainly Receivables within one year (+€3,783) and Tax, wage and social debts (+€3,308)
- Reserves -€12,610
down €12,610 (-37.8%), from €33,336 to €20,727
of which Distributable reserves: -€10,750
- Tax, wage and social debts +€3,308
up €3,308, from €0 to €3,308
of which Remuneration and social security: +€2,872
- Trade debts +€1,717
up €1,717, from €0 to €1,717
- Other debts +€1,392
up €1,392 (+79.9%), from €1,742 to €3,134
- Gross operating margin +€13,237
up €13,237, from -€12,243 to €994
- Staff costs +€10,167
up €10,167, from €0 to €10,167
- Financial charges -€6,013
down €6,013 (-96.0%), from €6,264 to €252
- Other operating charges -€2,980
down €2,980 (-73.9%), from €4,035 to €1,055
- Taxes +€2,424
up €2,424, from -€2,424 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,478 | €41,463 | -€6,016 | -12.7% |
| Fixed assets | 21/28 | €15,686 | €12,660 | -€3,025 | -19.3% |
| Tangible fixed assets | 22/27 | €15,536 | €12,660 | -€2,875 | -18.5% |
| Plant, machinery and equipment | 23 | €289 | €43 | -€246 | -85.1% |
| Furniture and vehicles | 24 | €12,586 | €10,363 | -€2,223 | -17.7% |
| Other tangible fixed assets | 26 | €2,661 | €2,254 | -€406 | -15.3% |
| Financial fixed assets | 28 | €150 | €0 | -€150 | -100% |
| Current assets | 29/58 | €31,793 | €28,802 | -€2,990 | -9.4% |
| Amounts receivable within one year | 40/41 | €29,939 | €26,156 | -€3,783 | -12.6% |
| Trade receivables | 40 | €8,312 | €608 | -€7,704 | -92.7% |
| Other amounts receivable | 41 | €21,627 | €25,548 | +€3,921 | +18.1% |
| Cash at bank and in hand | 54/58 | €1,853 | €2,644 | +€791 | +42.7% |
| Deferred charges and accrued income | 490/1 | - | €3 | +€3 | |
| Total equity and liabilities | 10/49 | €47,478 | €41,463 | -€6,016 | -12.7% |
| Equity | 10/15 | €45,736 | €33,127 | -€12,610 | -27.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €33,336 | €20,727 | -€12,610 | -37.8% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €31,476 | €20,727 | -€10,750 | -34.2% |
| Amounts payable | 17/49 | €1,742 | €8,336 | +€6,594 | +379% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,742 | €8,159 | +€6,417 | +368% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €0 | €1,717 | +€1,717 | |
| Suppliers | 440/4 | €0 | €1,717 | +€1,717 | |
| Taxes, remuneration and social security | 45 | €0 | €3,308 | +€3,308 | |
| Taxes | 450/3 | €0 | €436 | +€436 | |
| Remuneration and social security | 454/9 | - | €2,872 | +€2,872 | |
| Other amounts payable | 47/48 | €1,742 | €3,134 | +€1,392 | +79.9% |
| Accrued charges and deferred income | 492/3 | - | €177 | +€177 | |
| Remuneration, social security and pensions | 62 | €0 | €10,167 | +€10,167 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,480 | €2,875 | -€604 | -17.4% |
| Other operating charges | 640/8 | €4,035 | €1,055 | -€2,980 | -73.9% |
| Gross operating margin | 9900 | -€12,243 | €994 | +€13,237 | |
| Operating profit (loss) | 9901 | -€19,758 | -€13,103 | +€6,655 | +33.7% |
| Financial income | 75/76B | €1,837 | €745 | -€1,092 | -59.4% |
| Recurring financial income | 75 | €1,837 | €745 | -€1,092 | -59.4% |
| Financial charges | 65/66B | €6,264 | €252 | -€6,013 | -96.0% |
| Recurring financial charges | 65 | €6,264 | €252 | -€6,013 | -96.0% |
| Profit (loss) for the period before taxes | 9903 | -€24,185 | -€12,610 | +€11,575 | +47.9% |
| Income taxes | 67/77 | -€2,424 | €0 | +€2,424 | |
| Profit (loss) for the period | 9904 | -€21,761 | -€12,610 | +€9,151 | +42.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,761 | -€12,610 | +€9,151 | +42.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.