IMMO AMH: 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 AMH
Largest movements
- Tangible fixed assets -€69,104
down €69,104 (-4.3%), from €1.6m to €1.5m
of which Land and buildings: -€62,385
- Debts after one year -€251,301
down €251,301 (-28.5%), from €881,012 to €629,711
- Reserves +€128,675
up €128,675 (+67.1%), from €191,702 to €320,377
- Tax, wage and social debts +€50,469
up €50,469 (+70.9%), from €71,156 to €121,625
of which Taxes: +€62,143
- Turnover -€322,582
no longer reported in 2025 (was €322,582)
- Purchases and services -€38,253
no longer reported in 2025 (was €38,253)
- Gross operating margin +€37,338
up €37,338 (+12.8%), from €291,242 to €328,581
- Taxes +€19,469
up €19,469 (+39.1%), from €49,776 to €69,245
- Staff costs -€15,931
down €15,931 (-97.6%), from €16,321 to €391
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 | €1,632,898 | €1,557,538 | -€75,360 | -4.6% |
| Fixed assets | 21/28 | €1,615,159 | €1,546,055 | -€69,104 | -4.3% |
| Tangible fixed assets | 22/27 | €1,615,159 | €1,546,055 | -€69,104 | -4.3% |
| Land and buildings | 22 | €1,535,408 | €1,473,023 | -€62,385 | -4.1% |
| Plant, machinery and equipment | 23 | €79,751 | €73,032 | -€6,718 | -8.4% |
| Current assets | 29/58 | €17,739 | €11,483 | -€6,256 | -35.3% |
| Amounts receivable within one year | 40/41 | €4,764 | €7,586 | +€2,822 | +59.2% |
| Trade receivables | 40 | €4,764 | €7,586 | +€2,822 | +59.2% |
| Cash at bank and in hand | 54/58 | €12,975 | €2,666 | -€10,309 | -79.5% |
| Deferred charges and accrued income | 490/1 | - | €1,231 | +€1,231 | |
| Total equity and liabilities | 10/49 | €1,632,898 | €1,557,538 | -€75,360 | -4.6% |
| Equity | 10/15 | €238,586 | €367,261 | +€128,675 | +53.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €191,702 | €320,377 | +€128,675 | +67.1% |
| Distributable reserves | 133 | €191,702 | €320,377 | +€128,675 | +67.1% |
| Profit (loss) carried forward | 14 | €26,884 | €26,884 | = | 0.0% |
| Amounts payable | 17/49 | €1,394,312 | €1,190,277 | -€204,035 | -14.6% |
| Amounts payable after more than one year | 17 | €881,012 | €629,711 | -€251,301 | -28.5% |
| Financial debts | 170/4 | €881,012 | €629,711 | -€251,301 | -28.5% |
| Amounts payable within one year | 42/48 | €467,227 | €514,493 | +€47,266 | +10.1% |
| Current portion of amounts payable after more than one year | 42 | €256,803 | €251,301 | -€5,502 | -2.1% |
| Trade debts | 44 | €9,680 | €380 | -€9,300 | -96.1% |
| Suppliers | 440/4 | €9,680 | €380 | -€9,300 | -96.1% |
| Taxes, remuneration and social security | 45 | €71,156 | €121,625 | +€50,469 | +70.9% |
| Taxes | 450/3 | €59,482 | €121,625 | +€62,143 | +104.5% |
| Remuneration and social security | 454/9 | €11,674 | - | -€11,674 | |
| Other amounts payable | 47/48 | €129,589 | €141,187 | +€11,598 | +8.9% |
| Accrued charges and deferred income | 492/3 | €46,073 | €46,073 | = | 0.0% |
| Turnover | 70 | €322,582 | - | -€322,582 | |
| Goods, raw materials, services and sundry goods | 60/61 | €38,253 | - | -€38,253 | |
| Remuneration, social security and pensions | 62 | €16,321 | €391 | -€15,931 | -97.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,934 | €73,104 | +€169 | +0.2% |
| Other operating charges | 640/8 | €27,944 | €28,187 | +€243 | +0.9% |
| Gross operating margin | 9900 | €291,242 | €328,581 | +€37,338 | +12.8% |
| Operating profit (loss) | 9901 | €174,043 | €226,899 | +€52,857 | +30.4% |
| Financial charges | 65/66B | €31,504 | €28,979 | -€2,524 | -8.0% |
| Recurring financial charges | 65 | €31,504 | €28,979 | -€2,524 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €142,539 | €197,920 | +€55,381 | +38.9% |
| Income taxes | 67/77 | €49,776 | €69,245 | +€19,469 | +39.1% |
| Profit (loss) for the period | 9904 | €92,763 | €128,675 | +€35,912 | +38.7% |
| Profit (loss) for the period to be appropriated | 9905 | €92,763 | €128,675 | +€35,912 | +38.7% |
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 5 October 2026 via checked.be.