IMMO AMEL: 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 AMEL
Largest movements
- Stocks and contracts -€339,457
down €339,457 (-100%), from €339,457 to €0
- Cash -€177,692
down €177,692 (-47.2%), from €376,680 to €198,988
mainly Other debts (-€388,252) and Debts after one year (-€268,822)
- Tangible fixed assets -€54,303
down €54,303 (-7.3%), from €742,139 to €687,836
of which Land and buildings: -€32,575
- Receivables within one year +€22,537
up €22,537 (+44.1%), from €51,112 to €73,649
- Other debts -€388,252
down €388,252 (-70.7%), from €549,543 to €161,291
- Debts after one year -€268,822
down €268,822 (-44.6%), from €603,157 to €334,335
- Reserves +€127,609
up €127,609 (+58.9%), from €216,748 to €344,357
- Current portion of long-term debt -€22,779
down €22,779 (-26.1%), from €87,119 to €64,341
- Gross operating margin -€65,507
down €65,507 (-17.2%), from €380,792 to €315,285
- Taxes -€13,567
down €13,567 (-19.9%), from €68,133 to €54,567
- Financial charges -€5,099
down €5,099 (-16.7%), from €30,535 to €25,436
- Depreciation -€3,990
down €3,990 (-6.8%), from €58,293 to €54,303
- Other operating charges -€3,881
down €3,881 (-27.9%), from €13,932 to €10,051
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 | €1,511,230 | €961,704 | -€549,526 | -36.4% |
| Fixed assets | 21/28 | €742,139 | €687,836 | -€54,303 | -7.3% |
| Tangible fixed assets | 22/27 | €742,139 | €687,836 | -€54,303 | -7.3% |
| Land and buildings | 22 | €695,739 | €663,164 | -€32,575 | -4.7% |
| Plant, machinery and equipment | 23 | €2,181 | €1,402 | -€780 | -35.7% |
| Furniture and vehicles | 24 | €44,219 | €23,271 | -€20,948 | -47.4% |
| Current assets | 29/58 | €769,091 | €273,867 | -€495,223 | -64.4% |
| Stocks and contracts in progress | 3 | €339,457 | €0 | -€339,457 | -100% |
| Stocks | 30/36 | €339,457 | €0 | -€339,457 | -100% |
| Amounts receivable within one year | 40/41 | €51,112 | €73,649 | +€22,537 | +44.1% |
| Trade receivables | 40 | €51,112 | €73,649 | +€22,537 | +44.1% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €376,680 | €198,988 | -€177,692 | -47.2% |
| Deferred charges and accrued income | 490/1 | €1,843 | €1,230 | -€612 | -33.2% |
| Total equity and liabilities | 10/49 | €1,511,230 | €961,704 | -€549,526 | -36.4% |
| Equity | 10/15 | €235,348 | €362,957 | +€127,609 | +54.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €216,748 | €344,357 | +€127,609 | +58.9% |
| Distributable reserves | 133 | €216,748 | €344,357 | +€127,609 | +58.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,275,882 | €598,747 | -€677,135 | -53.1% |
| Amounts payable after more than one year | 17 | €603,157 | €334,335 | -€268,822 | -44.6% |
| Financial debts | 170/4 | €603,157 | €334,335 | -€268,822 | -44.6% |
| Amounts payable within one year | 42/48 | €656,436 | €251,341 | -€405,095 | -61.7% |
| Current portion of amounts payable after more than one year | 42 | €87,119 | €64,341 | -€22,779 | -26.1% |
| Trade debts | 44 | €3,253 | €7,248 | +€3,995 | +123% |
| Suppliers | 440/4 | €3,253 | €7,248 | +€3,995 | +123% |
| Taxes, remuneration and social security | 45 | €16,521 | €18,462 | +€1,940 | +11.7% |
| Taxes | 450/3 | €16,521 | €18,462 | +€1,940 | +11.7% |
| Other amounts payable | 47/48 | €549,543 | €161,291 | -€388,252 | -70.7% |
| Accrued charges and deferred income | 492/3 | €16,289 | €13,072 | -€3,217 | -19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,293 | €54,303 | -€3,990 | -6.8% |
| Other operating charges | 640/8 | €13,932 | €10,051 | -€3,881 | -27.9% |
| Gross operating margin | 9900 | €380,792 | €315,285 | -€65,507 | -17.2% |
| Operating profit (loss) | 9901 | €308,566 | €250,932 | -€57,635 | -18.7% |
| Financial income | 75/76B | €3,305 | €3,015 | -€290 | -8.8% |
| Recurring financial income | 75 | €3,305 | €3,015 | -€290 | -8.8% |
| Financial charges | 65/66B | €30,535 | €25,436 | -€5,099 | -16.7% |
| Recurring financial charges | 65 | €30,535 | €25,436 | -€5,099 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €281,336 | €228,510 | -€52,826 | -18.8% |
| Income taxes | 67/77 | €68,133 | €54,567 | -€13,567 | -19.9% |
| Profit (loss) for the period | 9904 | €213,203 | €173,944 | -€39,259 | -18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €213,203 | €173,944 | -€39,259 | -18.4% |
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.