IMMO ALPI: 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 ALPI
Largest movements
- Tangible fixed assets -€8,164
down €8,164 (-7.3%), from €111,865 to €103,701
- Other debts -€6,760
down €6,760 (-4.7%), from €144,524 to €137,764
- Gross operating margin -€5,242
down €5,242 (-35.2%), from €14,889 to €9,647
- Financial income -€333
no longer reported in 2025 (was €333)
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 | €153,764 | €145,721 | -€8,043 | -5.2% |
| Fixed assets | 21/28 | €113,865 | €105,701 | -€8,164 | -7.2% |
| Tangible fixed assets | 22/27 | €111,865 | €103,701 | -€8,164 | -7.3% |
| Land and buildings | 22 | €111,865 | €103,701 | -€8,164 | -7.3% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €39,899 | €40,020 | +€121 | +0.3% |
| Amounts receivable within one year | 40/41 | €983 | - | -€983 | |
| Other amounts receivable | 41 | €983 | - | -€983 | |
| Cash at bank and in hand | 54/58 | €38,916 | €40,020 | +€1,104 | +2.8% |
| Total equity and liabilities | 10/49 | €153,764 | €145,721 | -€8,043 | -5.2% |
| Equity | 10/15 | €7,750 | €6,757 | -€993 | -12.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,069 | €1,069 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,069 | €1,069 | = | 0.0% |
| Legal reserve | 130 | €1,069 | €1,069 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,319 | -€56,312 | -€993 | -1.8% |
| Amounts payable | 17/49 | €146,014 | €138,964 | -€7,050 | -4.8% |
| Amounts payable within one year | 42/48 | €146,014 | €138,964 | -€7,050 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €1,200 | €1,200 | = | 0.0% |
| Trade debts | 44 | €290 | - | -€290 | |
| Suppliers | 440/4 | €290 | - | -€290 | |
| Other amounts payable | 47/48 | €144,524 | €137,764 | -€6,760 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,181 | €8,164 | -€18 | -0.2% |
| Other operating charges | 640/8 | €2,353 | €2,428 | +€75 | +3.2% |
| Gross operating margin | 9900 | €14,889 | €9,647 | -€5,242 | -35.2% |
| Operating profit (loss) | 9901 | €4,354 | -€945 | -€5,299 | |
| Financial income | 75/76B | €333 | - | -€333 | |
| Recurring financial income | 75 | €333 | - | -€333 | |
| Financial charges | 65/66B | €47 | €48 | +€2 | +3.2% |
| Recurring financial charges | 65 | €47 | €48 | +€2 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €4,641 | -€993 | -€5,634 | |
| Profit (loss) for the period | 9904 | €4,641 | -€993 | -€5,634 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,641 | -€993 | -€5,634 |
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.