IMMO ALGAB: 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 ALGAB
Largest movements
- Cash +€43,205
up €43,205 (+117.0%), from €36,936 to €80,141
mainly Debts after one year (+€66,619) and Depreciation (+€23,281)
- Deferred charges and accrued income -€5,627
down €5,627 (-71.4%), from €7,877 to €2,250
- Tangible fixed assets +€4,867
up €4,867 (+2.1%), from €232,294 to €237,161
- Debts after one year +€66,619
up €66,619, from €0 to €66,619
of which Other amounts payable: +€66,619
- Current portion of long-term debt -€11,380
no longer reported in 2025 (was €11,380)
- Reserves -€10,506
down €10,506 (-8.9%), from €118,443 to €107,937
of which Distributable reserves: -€10,506
- Tax, wage and social debts -€3,337
no longer reported in 2025 (was €3,337)
- Gross operating margin -€17,417
down €17,417 (-34.4%), from €50,594 to €33,177
- Other operating charges +€11,040
up €11,040 (+122.0%), from €9,049 to €20,088
- Depreciation -€4,519
down €4,519 (-16.3%), from €27,800 to €23,281
- Taxes -€3,337
no longer reported in 2025 (was €3,337)
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 | €277,121 | €319,551 | +€42,430 | +15.3% |
| Fixed assets | 21/28 | €232,294 | €237,161 | +€4,867 | +2.1% |
| Tangible fixed assets | 22/27 | €232,294 | €237,161 | +€4,867 | +2.1% |
| Land and buildings | 22 | €232,294 | €237,161 | +€4,867 | +2.1% |
| Current assets | 29/58 | €44,828 | €82,391 | +€37,563 | +83.8% |
| Amounts receivable within one year | 40/41 | €15 | - | -€15 | |
| Other amounts receivable | 41 | €15 | - | -€15 | |
| Cash at bank and in hand | 54/58 | €36,936 | €80,141 | +€43,205 | +117.0% |
| Deferred charges and accrued income | 490/1 | €7,877 | €2,250 | -€5,627 | -71.4% |
| Total equity and liabilities | 10/49 | €277,121 | €319,551 | +€42,430 | +15.3% |
| Equity | 10/15 | €261,100 | €250,594 | -€10,506 | -4.0% |
| Contributions | 10/11 | €57,977 | €57,977 | = | 0.0% |
| Revaluation surpluses | 12 | €84,680 | €84,680 | = | 0.0% |
| Reserves | 13 | €118,443 | €107,937 | -€10,506 | -8.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €118,443 | €107,937 | -€10,506 | -8.9% |
| Amounts payable | 17/49 | €16,021 | €68,957 | +€52,936 | +330.4% |
| Amounts payable after more than one year | 17 | €0 | €66,619 | +€66,619 | |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | - | €66,619 | +€66,619 | |
| Amounts payable within one year | 42/48 | €16,021 | €2,338 | -€13,683 | -85.4% |
| Current portion of amounts payable after more than one year | 42 | €11,380 | - | -€11,380 | |
| Trade debts | 44 | €1,304 | €711 | -€593 | -45.5% |
| Suppliers | 440/4 | €1,304 | €711 | -€593 | -45.5% |
| Taxes, remuneration and social security | 45 | €3,337 | - | -€3,337 | |
| Taxes | 450/3 | €3,337 | - | -€3,337 | |
| Other amounts payable | 47/48 | - | €1,627 | +€1,627 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,800 | €23,281 | -€4,519 | -16.3% |
| Other operating charges | 640/8 | €9,049 | €20,088 | +€11,040 | +122.0% |
| Gross operating margin | 9900 | €50,594 | €33,177 | -€17,417 | -34.4% |
| Operating profit (loss) | 9901 | €13,745 | -€10,192 | -€23,937 | |
| Financial charges | 65/66B | €456 | €314 | -€142 | -31.2% |
| Recurring financial charges | 65 | €456 | €314 | -€142 | -31.2% |
| Profit (loss) for the period before taxes | 9903 | €13,289 | -€10,506 | -€23,795 | |
| Income taxes | 67/77 | €3,337 | - | -€3,337 | |
| Profit (loss) for the period | 9904 | €9,952 | -€10,506 | -€20,458 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,952 | -€10,506 | -€20,458 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.