IMMO ALU DB: 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 ALU DB
Largest movements
- Cash +€87,102
up €87,102 (+84.7%), from €102,865 to €189,967
mainly Net result for the year (+€100,103) and Depreciation (+€31,515)
- Tangible fixed assets -€31,515
down €31,515 (-4.7%), from €669,568 to €638,053
- Receivables within one year -€20,000
no longer reported in 2025 (was €20,000)
- Deferred charges and accrued income -€9,212
down €9,212 (-84.2%), from €10,942 to €1,730
- Reserves +€50,724
up €50,724 (+6.9%), from €737,909 to €788,633
- Accrued charges and deferred income -€15,851
down €15,851 (-65.4%), from €24,221 to €8,370
- Other debts -€9,880
down €9,880 (-98.8%), from €10,000 to €120
No income-statement line moved by more than 1% of the activity.
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 | €803,375 | €829,750 | +€26,375 | +3.3% |
| Fixed assets | 21/28 | €669,568 | €638,053 | -€31,515 | -4.7% |
| Tangible fixed assets | 22/27 | €669,568 | €638,053 | -€31,515 | -4.7% |
| Land and buildings | 22 | €669,568 | €638,053 | -€31,515 | -4.7% |
| Current assets | 29/58 | €133,807 | €191,697 | +€57,890 | +43.3% |
| Amounts receivable within one year | 40/41 | €20,000 | - | -€20,000 | |
| Trade receivables | 40 | €20,000 | - | -€20,000 | |
| Cash at bank and in hand | 54/58 | €102,865 | €189,967 | +€87,102 | +84.7% |
| Deferred charges and accrued income | 490/1 | €10,942 | €1,730 | -€9,212 | -84.2% |
| Total equity and liabilities | 10/49 | €803,375 | €829,750 | +€26,375 | +3.3% |
| Equity | 10/15 | €744,109 | €794,833 | +€50,724 | +6.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €737,909 | €788,633 | +€50,724 | +6.9% |
| Distributable reserves | 133 | €737,909 | €788,633 | +€50,724 | +6.9% |
| Amounts payable | 17/49 | €59,265 | €34,916 | -€24,349 | -41.1% |
| Amounts payable within one year | 42/48 | €35,044 | €26,546 | -€8,498 | -24.3% |
| Current portion of amounts payable after more than one year | 42 | €13,495 | €13,501 | +€6 | 0.0% |
| Taxes, remuneration and social security | 45 | €11,549 | €12,925 | +€1,376 | +11.9% |
| Taxes | 450/3 | €11,549 | €12,925 | +€1,376 | +11.9% |
| Other amounts payable | 47/48 | €10,000 | €120 | -€9,880 | -98.8% |
| Accrued charges and deferred income | 492/3 | €24,221 | €8,370 | -€15,851 | -65.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,515 | €31,515 | = | 0.0% |
| Other operating charges | 640/8 | €10,676 | €11,017 | +€341 | +3.2% |
| Gross operating margin | 9900 | €189,068 | €190,735 | +€1,667 | +0.9% |
| Operating profit (loss) | 9901 | €146,878 | €148,203 | +€1,326 | +0.9% |
| Financial charges | 65/66B | €1,646 | €1,385 | -€261 | -15.8% |
| Recurring financial charges | 65 | €1,646 | €1,385 | -€261 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €145,232 | €146,818 | +€1,586 | +1.1% |
| Income taxes | 67/77 | €46,210 | €46,715 | +€505 | +1.1% |
| Profit (loss) for the period | 9904 | €99,022 | €100,103 | +€1,082 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €99,022 | €100,103 | +€1,082 | +1.1% |
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 14 October 2026 via checked.be.