IMMO ALEN: 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 ALEN
Largest movements
- Receivables within one year +€63,091
up €63,091 (+60.3%), from €104,621 to €167,712
of which Other amounts receivable: +€60,949
- Tangible fixed assets -€57,090
down €57,090 (-1.6%), from €3.5m to €3.4m
of which Land and buildings: -€80,502
- Short-term financial debts -€179,349
no longer reported in 2025 (was €179,349)
- Profit (loss) carried forward +€94,683
up €94,683 (+22.6%), from -€418,503 to -€323,820
- Current portion of long-term debt +€42,395
up €42,395 (+25.6%), from €165,644 to €208,039
- Gross operating margin -€73,061
down €73,061 (-20.2%), from €361,293 to €288,233
- Depreciation -€39,987
down €39,987 (-21.9%), from €182,901 to €142,914
- Financial charges -€16,597
down €16,597 (-31.9%), from €52,008 to €35,411
- Other operating charges +€15,265
up €15,265 (+736%), from €2,073 to €17,339
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 | €3,649,028 | €3,627,615 | -€21,414 | -0.6% |
| Fixed assets | 21/28 | €3,497,403 | €3,440,813 | -€56,590 | -1.6% |
| Tangible fixed assets | 22/27 | €3,494,010 | €3,436,920 | -€57,090 | -1.6% |
| Land and buildings | 22 | €3,448,352 | €3,367,850 | -€80,502 | -2.3% |
| Plant, machinery and equipment | 23 | €1,738 | €1,009 | -€728 | -41.9% |
| Furniture and vehicles | 24 | €43,920 | €68,061 | +€24,141 | +55.0% |
| Financial fixed assets | 28 | €3,393 | €3,893 | +€500 | +14.7% |
| Current assets | 29/58 | €151,625 | €186,802 | +€35,176 | +23.2% |
| Amounts receivable within one year | 40/41 | €104,621 | €167,712 | +€63,091 | +60.3% |
| Trade receivables | 40 | - | €2,142 | +€2,142 | |
| Other amounts receivable | 41 | €104,621 | €165,570 | +€60,949 | +58.3% |
| Cash at bank and in hand | 54/58 | €40,149 | €8,430 | -€31,719 | -79.0% |
| Deferred charges and accrued income | 490/1 | €6,855 | €10,660 | +€3,805 | +55.5% |
| Total equity and liabilities | 10/49 | €3,649,028 | €3,627,615 | -€21,414 | -0.6% |
| Equity | 10/15 | €2,454,481 | €2,549,163 | +€94,683 | +3.9% |
| Contributions | 10/11 | €900,000 | €900,000 | = | 0.0% |
| Capital | 10 | €900,000 | €900,000 | = | 0.0% |
| Issued capital | 100 | €900,000 | €900,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,955,507 | €1,955,507 | = | 0.0% |
| Reserves | 13 | €17,476 | €17,476 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €14,378 | €14,378 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€418,503 | -€323,820 | +€94,683 | +22.6% |
| Amounts payable | 17/49 | €1,194,548 | €1,078,452 | -€116,096 | -9.7% |
| Amounts payable after more than one year | 17 | €828,005 | €829,617 | +€1,612 | +0.2% |
| Financial debts | 170/4 | €828,005 | €829,617 | +€1,612 | +0.2% |
| Amounts payable within one year | 42/48 | €366,543 | €248,835 | -€117,708 | -32.1% |
| Current portion of amounts payable after more than one year | 42 | €165,644 | €208,039 | +€42,395 | +25.6% |
| Financial debts | 43 | €179,349 | - | -€179,349 | |
| Credit institutions | 430/8 | €179,349 | - | -€179,349 | |
| Trade debts | 44 | €13,183 | €23,350 | +€10,167 | +77.1% |
| Suppliers | 440/4 | €13,183 | €23,350 | +€10,167 | +77.1% |
| Taxes, remuneration and social security | 45 | €320 | €1,599 | +€1,279 | +399% |
| Taxes | 450/3 | €320 | €1,599 | +€1,279 | +399% |
| Other amounts payable | 47/48 | €8,047 | €15,847 | +€7,800 | +96.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €182,901 | €142,914 | -€39,987 | -21.9% |
| Other operating charges | 640/8 | €2,073 | €17,339 | +€15,265 | +736% |
| Gross operating margin | 9900 | €361,293 | €288,233 | -€73,061 | -20.2% |
| Operating profit (loss) | 9901 | €176,319 | €127,980 | -€48,339 | -27.4% |
| Financial income | 75/76B | €963 | €2,213 | +€1,250 | +130% |
| Recurring financial income | 75 | €963 | €2,213 | +€1,250 | +130% |
| Financial charges | 65/66B | €52,008 | €35,411 | -€16,597 | -31.9% |
| Recurring financial charges | 65 | €52,008 | €35,411 | -€16,597 | -31.9% |
| Profit (loss) for the period before taxes | 9903 | €125,274 | €94,782 | -€30,492 | -24.3% |
| Income taxes | 67/77 | €320 | €99 | -€221 | -69.0% |
| Profit (loss) for the period | 9904 | €124,954 | €94,683 | -€30,271 | -24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €124,954 | €94,683 | -€30,271 | -24.2% |
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 16 October 2026 via checked.be.