IMMO ALTROBO: 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 ALTROBO
Largest movements
- Tangible fixed assets -€61,258
down €61,258 (-4.9%), from €1.3m to €1.2m
of which Land and buildings: -€61,160
- Cash +€56,836
up €56,836 (+7.1%), from €796,902 to €853,738
mainly Depreciation (+€68,742) and Receivables within one year (+€48,521)
- Receivables within one year -€48,521
down €48,521 (-86.2%), from €56,301 to €7,780
of which Other amounts receivable: -€48,521
- Reserves -€70,973
down €70,973 (-35.5%), from €199,754 to €128,781
of which Distributable reserves: -€70,973
- Taxes +€10,345
up €10,345 (+63.4%), from €16,310 to €26,655
- Gross operating margin +€6,087
up €6,087 (+4.6%), from €131,087 to €137,174
- Depreciation +€1,497
up €1,497 (+2.2%), from €67,246 to €68,742
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 | €2,116,282 | €2,063,339 | -€52,943 | -2.5% |
| Fixed assets | 21/28 | €1,263,080 | €1,201,822 | -€61,258 | -4.8% |
| Tangible fixed assets | 22/27 | €1,262,983 | €1,201,725 | -€61,258 | -4.9% |
| Land and buildings | 22 | €1,236,010 | €1,174,851 | -€61,160 | -4.9% |
| Plant, machinery and equipment | 23 | €26,972 | €26,874 | -€98 | -0.4% |
| Financial fixed assets | 28 | €97 | €97 | = | 0.0% |
| Current assets | 29/58 | €853,203 | €861,517 | +€8,315 | +1.0% |
| Amounts receivable within one year | 40/41 | €56,301 | €7,780 | -€48,521 | -86.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €56,301 | €7,780 | -€48,521 | -86.2% |
| Cash at bank and in hand | 54/58 | €796,902 | €853,738 | +€56,836 | +7.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €2,116,282 | €2,063,339 | -€52,943 | -2.5% |
| Equity | 10/15 | €2,113,911 | €2,042,957 | -€70,955 | -3.4% |
| Contributions | 10/11 | €173,550 | €173,550 | = | 0.0% |
| Capital | 10 | €173,550 | €173,550 | = | 0.0% |
| Issued capital | 100 | €173,550 | €173,550 | = | 0.0% |
| Reserves | 13 | €199,754 | €128,781 | -€70,973 | -35.5% |
| Non-distributable reserves | 130/1 | €17,355 | €17,355 | = | 0.0% |
| Legal reserve | 130 | €17,355 | €17,355 | = | 0.0% |
| Distributable reserves | 133 | €182,399 | €111,426 | -€70,973 | -38.9% |
| Profit (loss) carried forward | 14 | €1,740,608 | €1,740,626 | +€18 | 0.0% |
| Amounts payable | 17/49 | €2,371 | €20,382 | +€18,012 | +760% |
| Amounts payable within one year | 42/48 | €2,371 | €9,967 | +€7,597 | +320% |
| Trade debts | 44 | €2,371 | €4,804 | +€2,433 | +103% |
| Suppliers | 440/4 | €2,371 | €4,804 | +€2,433 | +103% |
| Taxes, remuneration and social security | 45 | - | €5,163 | +€5,163 | |
| Taxes | 450/3 | - | €5,163 | +€5,163 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €10,415 | +€10,415 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,246 | €68,742 | +€1,497 | +2.2% |
| Other operating charges | 640/8 | €15,838 | €16,749 | +€911 | +5.8% |
| Gross operating margin | 9900 | €131,087 | €137,174 | +€6,087 | +4.6% |
| Operating profit (loss) | 9901 | €48,004 | €51,682 | +€3,679 | +7.7% |
| Financial income | 75/76B | €3,810 | €2,627 | -€1,183 | -31.1% |
| Recurring financial income | 75 | €3,810 | €2,627 | -€1,183 | -31.1% |
| Financial charges | 65/66B | €534 | €536 | +€2 | +0.4% |
| Recurring financial charges | 65 | €534 | €536 | +€2 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €51,280 | €53,774 | +€2,494 | +4.9% |
| Income taxes | 67/77 | €16,310 | €26,655 | +€10,345 | +63.4% |
| Profit (loss) for the period | 9904 | €34,970 | €27,118 | -€7,852 | -22.5% |
| Profit (loss) for the period to be appropriated | 9905 | €34,970 | €27,118 | -€7,852 | -22.5% |
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 18 October 2026 via checked.be.