IMMO ALJEANDES: 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 ALJEANDES
Largest movements
- Current investments +€300,539
new in 2025: €300,539
- Tangible fixed assets -€86,314
down €86,314 (-8.8%), from €984,395 to €898,080
of which Land and buildings: -€77,722
- Cash -€27,029
down €27,029 (-21.1%), from €128,388 to €101,359
mainly Current investments (-€300,539) and Provisions (-€2,946)
- Reserves +€167,318
up €167,318 (+50.5%), from €331,545 to €498,863
of which Distributable reserves: +€179,104
- Tax, wage and social debts +€18,845
up €18,845 (+168%), from €11,249 to €30,094
- Gross operating margin +€163,420
up €163,420 (+107%), from €152,034 to €315,453
- Taxes +€48,163
up €48,163 (+167%), from €28,920 to €77,083
- Other operating charges +€3,499
up €3,499 (+17.8%), from €19,660 to €23,160
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 | €1,172,061 | €1,363,192 | +€191,131 | +16.3% |
| Fixed assets | 21/28 | €984,395 | €898,080 | -€86,314 | -8.8% |
| Tangible fixed assets | 22/27 | €984,395 | €898,080 | -€86,314 | -8.8% |
| Land and buildings | 22 | €953,511 | €875,789 | -€77,722 | -8.2% |
| Plant, machinery and equipment | 23 | €30,446 | €22,161 | -€8,285 | -27.2% |
| Furniture and vehicles | 24 | €438 | €131 | -€307 | -70.2% |
| Current assets | 29/58 | €187,666 | €465,112 | +€277,446 | +148% |
| Amounts receivable within one year | 40/41 | €54,303 | €56,827 | +€2,524 | +4.6% |
| Trade receivables | 40 | €48,321 | €56,827 | +€8,506 | +17.6% |
| Other amounts receivable | 41 | €5,983 | €0 | -€5,983 | -100% |
| Current investments | 50/53 | - | €300,539 | +€300,539 | |
| Cash at bank and in hand | 54/58 | €128,388 | €101,359 | -€27,029 | -21.1% |
| Deferred charges and accrued income | 490/1 | €4,975 | €6,387 | +€1,412 | +28.4% |
| Total equity and liabilities | 10/49 | €1,172,061 | €1,363,192 | +€191,131 | +16.3% |
| Equity | 10/15 | €594,848 | €762,166 | +€167,318 | +28.1% |
| Contributions | 10/11 | €263,302 | €263,302 | = | 0.0% |
| Capital | 10 | €263,302 | €263,302 | = | 0.0% |
| Issued capital | 100 | €263,302 | €263,302 | = | 0.0% |
| Reserves | 13 | €331,545 | €498,863 | +€167,318 | +50.5% |
| Non-distributable reserves | 130/1 | €26,330 | €26,330 | = | 0.0% |
| Legal reserve | 130 | €26,330 | €26,330 | = | 0.0% |
| Tax-exempt reserves | 132 | €125,584 | €113,799 | -€11,786 | -9.4% |
| Distributable reserves | 133 | €179,631 | €358,734 | +€179,104 | +99.7% |
| Provisions and deferred taxes | 16 | €11,806 | €8,860 | -€2,946 | -25.0% |
| Deferred taxes | 168 | €11,806 | €8,860 | -€2,946 | -25.0% |
| Amounts payable | 17/49 | €565,407 | €592,167 | +€26,760 | +4.7% |
| Amounts payable after more than one year | 17 | €524,368 | €524,668 | +€300 | +0.1% |
| Financial debts | 170/4 | €312,500 | €312,500 | = | 0.0% |
| Other amounts payable | 178/9 | €211,868 | €212,168 | +€300 | +0.1% |
| Amounts payable within one year | 42/48 | €40,122 | €65,792 | +€25,670 | +64.0% |
| Trade debts | 44 | €28,873 | €35,697 | +€6,825 | +23.6% |
| Suppliers | 440/4 | €28,873 | €35,697 | +€6,825 | +23.6% |
| Taxes, remuneration and social security | 45 | €11,249 | €30,094 | +€18,845 | +168% |
| Taxes | 450/3 | €11,249 | €30,094 | +€18,845 | +168% |
| Accrued charges and deferred income | 492/3 | €917 | €1,707 | +€790 | +86.2% |
| Non-recurring operating income | 76A | - | €189,716 | +€189,716 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,359 | €26,030 | -€1,329 | -4.9% |
| Other operating charges | 640/8 | €19,660 | €23,160 | +€3,499 | +17.8% |
| Gross operating margin | 9900 | €152,034 | €315,453 | +€163,420 | +107% |
| Operating profit (loss) | 9901 | €105,014 | €266,263 | +€161,249 | +154% |
| Financial income | 75/76B | €2,413 | €5,154 | +€2,741 | +114% |
| Recurring financial income | 75 | €2,413 | €5,154 | +€2,741 | +114% |
| Financial charges | 65/66B | €32,526 | €29,963 | -€2,564 | -7.9% |
| Recurring financial charges | 65 | €32,526 | €29,963 | -€2,564 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €74,900 | €241,455 | +€166,554 | +222% |
| Transfer from deferred taxes | 780 | €3,170 | €2,946 | -€224 | -7.1% |
| Income taxes | 67/77 | €28,920 | €77,083 | +€48,163 | +167% |
| Profit (loss) for the period | 9904 | €49,151 | €167,318 | +€118,167 | +240% |
| Transfer from tax-exempt reserves | 789 | €12,682 | €11,786 | -€896 | -7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €61,833 | €179,104 | +€117,271 | +190% |
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 1 November 2026 via checked.be.