IMMO ALTEREGO: 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 ALTEREGO
Largest movements
- Tangible fixed assets -€41,926
down €41,926 (-3.5%), from €1.2m to €1.1m
of which Land and buildings: -€32,751
- Debts after one year -€73,330
down €73,330 (-22.1%), from €331,621 to €258,291
- Profit (loss) carried forward +€16,725
up €16,725 (+10.7%), from €155,810 to €172,534
- Gross operating margin +€23,635
up €23,635 (+35.0%), from €67,472 to €91,107
- Purchases and services -€23,635
down €23,635 (-88.4%), from €26,728 to €3,093
- Taxes +€6,188
up €6,188, from €0 to €6,188
- Depreciation +€1,459
up €1,459 (+2.7%), from €54,734 to €56,193
- Financial charges -€1,212
down €1,212 (-13.1%), from €9,257 to €8,044
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 | €1,251,126 | €1,207,131 | -€43,995 | -3.5% |
| Fixed assets | 21/28 | €1,238,522 | €1,196,596 | -€41,926 | -3.4% |
| Tangible fixed assets | 22/27 | €1,188,522 | €1,146,596 | -€41,926 | -3.5% |
| Land and buildings | 22 | €1,171,418 | €1,138,668 | -€32,751 | -2.8% |
| Furniture and vehicles | 24 | €17,104 | €7,929 | -€9,175 | -53.6% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €12,604 | €10,535 | -€2,069 | -16.4% |
| Cash at bank and in hand | 54/58 | €11,545 | €10,535 | -€1,011 | -8.8% |
| Deferred charges and accrued income | 490/1 | €1,058 | - | -€1,058 | |
| Total equity and liabilities | 10/49 | €1,251,126 | €1,207,131 | -€43,995 | -3.5% |
| Equity | 10/15 | €177,810 | €194,534 | +€16,725 | +9.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €155,810 | €172,534 | +€16,725 | +10.7% |
| Amounts payable | 17/49 | €1,073,316 | €1,012,597 | -€60,719 | -5.7% |
| Amounts payable after more than one year | 17 | €331,621 | €258,291 | -€73,330 | -22.1% |
| Financial debts | 170/4 | €331,621 | €258,291 | -€73,330 | -22.1% |
| Amounts payable within one year | 42/48 | €741,695 | €754,306 | +€12,611 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €119,357 | €119,357 | = | 0.0% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | - | €6,188 | +€6,188 | |
| Taxes | 450/3 | - | €6,188 | +€6,188 | |
| Other amounts payable | 47/48 | €622,338 | €628,761 | +€6,423 | +1.0% |
| Turnover | 70 | €94,200 | €94,200 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €26,728 | €3,093 | -€23,635 | -88.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,734 | €56,193 | +€1,459 | +2.7% |
| Other operating charges | 640/8 | €3,754 | €3,957 | +€203 | +5.4% |
| Gross operating margin | 9900 | €67,472 | €91,107 | +€23,635 | +35.0% |
| Operating profit (loss) | 9901 | €8,983 | €30,957 | +€21,973 | +244.6% |
| Financial charges | 65/66B | €9,257 | €8,044 | -€1,212 | -13.1% |
| Recurring financial charges | 65 | €9,257 | €8,044 | -€1,212 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | -€273 | €22,912 | +€23,186 | |
| Income taxes | 67/77 | €0 | €6,188 | +€6,188 | |
| Profit (loss) for the period | 9904 | -€273 | €16,725 | +€16,998 | |
| Profit (loss) for the period to be appropriated | 9905 | -€273 | €16,725 | +€16,998 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.