IMMO AMD: 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 AMD
Largest movements
- Cash +€46,644
up €46,644 (+223.8%), from €20,846 to €67,489
mainly Other debts (+€119,194) and Depreciation (+€45,724)
- Tangible fixed assets -€45,724
down €45,724 (-11.1%), from €411,798 to €366,074
of which Land and buildings: -€43,767
- Receivables within one year -€6,347
no longer reported in 2025 (was €6,347)
- Other debts +€119,194
up €119,194 (+835.0%), from €14,274 to €133,468
- Reserves -€72,201
down €72,201 (-25.7%), from €280,514 to €208,313
of which Distributable reserves: -€72,201
- Debts after one year -€40,000
down €40,000 (-58.5%), from €68,333 to €28,333
- Current portion of long-term debt -€18,333
down €18,333 (-47.8%), from €38,333 to €20,000
- Tax, wage and social debts +€5,252
new in 2025: €5,252
- Depreciation -€21,571
down €21,571 (-32.1%), from €67,295 to €45,724
- Gross operating margin +€13,158
up €13,158 (+14.3%), from €92,057 to €105,215
- Taxes +€12,103
up €12,103 (+1046.3%), from €1,157 to €13,260
- Financial charges -€2,825
down €2,825 (-45.8%), from €6,167 to €3,342
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 | €442,048 | €436,916 | -€5,132 | -1.2% |
| Fixed assets | 21/28 | €411,798 | €366,074 | -€45,724 | -11.1% |
| Tangible fixed assets | 22/27 | €411,798 | €366,074 | -€45,724 | -11.1% |
| Land and buildings | 22 | €408,411 | €364,643 | -€43,767 | -10.7% |
| Furniture and vehicles | 24 | €3,387 | €1,431 | -€1,956 | -57.8% |
| Current assets | 29/58 | €30,250 | €70,842 | +€40,592 | +134.2% |
| Amounts receivable within one year | 40/41 | €6,347 | - | -€6,347 | |
| Other amounts receivable | 41 | €6,347 | - | -€6,347 | |
| Cash at bank and in hand | 54/58 | €20,846 | €67,489 | +€46,644 | +223.8% |
| Deferred charges and accrued income | 490/1 | €3,058 | €3,353 | +€295 | +9.6% |
| Total equity and liabilities | 10/49 | €442,048 | €436,916 | -€5,132 | -1.2% |
| Equity | 10/15 | €313,191 | €240,998 | -€72,193 | -23.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €280,514 | €208,313 | -€72,201 | -25.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €278,654 | €206,453 | -€72,201 | -25.9% |
| Profit (loss) carried forward | 14 | €26,477 | €26,484 | +€8 | 0.0% |
| Amounts payable | 17/49 | €128,857 | €195,918 | +€67,061 | +52.0% |
| Amounts payable after more than one year | 17 | €68,333 | €28,333 | -€40,000 | -58.5% |
| Financial debts | 170/4 | €68,333 | €28,333 | -€40,000 | -58.5% |
| Amounts payable within one year | 42/48 | €59,074 | €165,836 | +€106,762 | +180.7% |
| Current portion of amounts payable after more than one year | 42 | €38,333 | €20,000 | -€18,333 | -47.8% |
| Trade debts | 44 | €6,466 | €7,116 | +€649 | +10.0% |
| Suppliers | 440/4 | €6,466 | €7,116 | +€649 | +10.0% |
| Taxes, remuneration and social security | 45 | - | €5,252 | +€5,252 | |
| Taxes | 450/3 | - | €5,252 | +€5,252 | |
| Other amounts payable | 47/48 | €14,274 | €133,468 | +€119,194 | +835.0% |
| Accrued charges and deferred income | 492/3 | €1,450 | €1,749 | +€299 | +20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,295 | €45,724 | -€21,571 | -32.1% |
| Other operating charges | 640/8 | €14,681 | €15,042 | +€360 | +2.5% |
| Gross operating margin | 9900 | €92,057 | €105,215 | +€13,158 | +14.3% |
| Operating profit (loss) | 9901 | €10,080 | €44,449 | +€34,369 | +340.9% |
| Financial income | 75/76B | €12 | €40 | +€29 | +245.6% |
| Recurring financial income | 75 | €12 | €40 | +€29 | +245.6% |
| Financial charges | 65/66B | €6,167 | €3,342 | -€2,825 | -45.8% |
| Recurring financial charges | 65 | €6,167 | €3,342 | -€2,825 | -45.8% |
| Profit (loss) for the period before taxes | 9903 | €3,925 | €41,147 | +€37,222 | +948.2% |
| Income taxes | 67/77 | €1,157 | €13,260 | +€12,103 | +1046.3% |
| Profit (loss) for the period | 9904 | €2,769 | €27,888 | +€25,119 | +907.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,769 | €27,888 | +€25,119 | +907.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.