IMMO AMEL: 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 AMEL
Largest movements
- Tangible fixed assets -€65,696
down €65,696 (-3.1%), from €2.1m to €2.1m
- Receivables within one year +€59,862
up €59,862 (+168.0%), from €35,624 to €95,486
of which Other amounts receivable: +€65,413
- Debts after one year -€148,293
down €148,293 (-55.2%), from €268,627 to €120,333
- Profit (loss) carried forward +€104,623
up €104,623 (+10.9%), from €958,612 to €1.1m
- Other debts +€41,498
up €41,498 (+9.3%), from €446,875 to €488,373
- Short-term financial debts +€33,407
new in 2025: €33,407
- Current portion of long-term debt -€23,920
down €23,920 (-13.9%), from €172,213 to €148,293
- Gross operating margin +€11,058
up €11,058 (+4.7%), from €236,542 to €247,601
- Financial charges +€10,563
up €10,563 (+44.3%), from €23,867 to €34,430
- Taxes -€4,185
down €4,185 (-11.1%), from €37,618 to €33,433
- Financial income -€2,560
down €2,560 (-96.4%), from €2,657 to €97
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 | €2,172,342 | €2,167,037 | -€5,305 | -0.2% |
| Fixed assets | 21/28 | €2,133,071 | €2,067,375 | -€65,696 | -3.1% |
| Tangible fixed assets | 22/27 | €2,133,071 | €2,067,375 | -€65,696 | -3.1% |
| Land and buildings | 22 | €2,133,071 | €2,067,375 | -€65,696 | -3.1% |
| Current assets | 29/58 | €39,271 | €99,662 | +€60,391 | +153.8% |
| Amounts receivable within one year | 40/41 | €35,624 | €95,486 | +€59,862 | +168.0% |
| Trade receivables | 40 | €5,550 | - | -€5,550 | |
| Other amounts receivable | 41 | €30,073 | €95,486 | +€65,413 | +217.5% |
| Cash at bank and in hand | 54/58 | €3,647 | €3,576 | -€71 | -1.9% |
| Deferred charges and accrued income | 490/1 | - | €600 | +€600 | |
| Total equity and liabilities | 10/49 | €2,172,342 | €2,167,037 | -€5,305 | -0.2% |
| Equity | 10/15 | €1,233,612 | €1,338,235 | +€104,623 | +8.5% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €958,612 | €1,063,235 | +€104,623 | +10.9% |
| Amounts payable | 17/49 | €938,730 | €828,802 | -€109,928 | -11.7% |
| Amounts payable after more than one year | 17 | €268,627 | €120,333 | -€148,293 | -55.2% |
| Financial debts | 170/4 | €268,627 | €120,333 | -€148,293 | -55.2% |
| Amounts payable within one year | 42/48 | €663,499 | €704,979 | +€41,480 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €172,213 | €148,293 | -€23,920 | -13.9% |
| Financial debts | 43 | - | €33,407 | +€33,407 | |
| Credit institutions | 430/8 | - | €33,407 | +€33,407 | |
| Trade debts | 44 | €20,000 | €23,487 | +€3,487 | +17.4% |
| Suppliers | 440/4 | €20,000 | €23,487 | +€3,487 | +17.4% |
| Taxes, remuneration and social security | 45 | €24,411 | €11,419 | -€12,991 | -53.2% |
| Taxes | 450/3 | €24,411 | €11,419 | -€12,991 | -53.2% |
| Other amounts payable | 47/48 | €446,875 | €488,373 | +€41,498 | +9.3% |
| Accrued charges and deferred income | 492/3 | €6,604 | €3,490 | -€3,114 | -47.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,696 | €65,696 | = | 0.0% |
| Other operating charges | 640/8 | €10,483 | €9,515 | -€968 | -9.2% |
| Gross operating margin | 9900 | €236,542 | €247,601 | +€11,058 | +4.7% |
| Operating profit (loss) | 9901 | €160,364 | €172,390 | +€12,026 | +7.5% |
| Financial income | 75/76B | €2,657 | €97 | -€2,560 | -96.4% |
| Recurring financial income | 75 | €2,657 | €97 | -€2,560 | -96.4% |
| Financial charges | 65/66B | €23,867 | €34,430 | +€10,563 | +44.3% |
| Recurring financial charges | 65 | €23,867 | €34,430 | +€10,563 | +44.3% |
| Profit (loss) for the period before taxes | 9903 | €139,154 | €138,056 | -€1,097 | -0.8% |
| Income taxes | 67/77 | €37,618 | €33,433 | -€4,185 | -11.1% |
| Profit (loss) for the period | 9904 | €101,535 | €104,623 | +€3,088 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €101,535 | €104,623 | +€3,088 | +3.0% |
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.