IMMO AMI: 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 AMI
Largest movements
- Tangible fixed assets +€444,756
up €444,756 (+30.0%), from €1.5m to €1.9m
of which Land and buildings: +€444,524
- Deferred charges and accrued income +€95,151
up €95,151 (+520.5%), from €18,281 to €113,432
- Debts after one year +€191,032
up €191,032 (+21.3%), from €894,891 to €1.1m
- Reserves +€143,028
up €143,028 (+43.8%), from €326,817 to €469,845
of which Distributable reserves: +€119,053
- Other debts +€74,544
up €74,544 (+46.2%), from €161,255 to €235,799
- Profit (loss) carried forward +€57,487
up €57,487, from -€39,931 to €17,556
- Contributions +€22,079
up €22,079 (+116.4%), from €18,962 to €41,042
- Gross operating margin +€157,895
up €157,895 (+199.4%), from €79,176 to €237,071
- Depreciation +€62,714
up €62,714 (+83.1%), from €75,510 to €138,223
- Taxes +€6,080
new in 2025: €6,080
- Financial charges +€2,550
up €2,550 (+6.6%), from €38,570 to €41,119
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 | €1,516,955 | €2,054,829 | +€537,874 | +35.5% |
| Fixed assets | 21/28 | €1,482,029 | €1,926,786 | +€444,756 | +30.0% |
| Tangible fixed assets | 22/27 | €1,482,029 | €1,926,786 | +€444,756 | +30.0% |
| Land and buildings | 22 | €1,431,227 | €1,875,751 | +€444,524 | +31.1% |
| Plant, machinery and equipment | 23 | €50,802 | €51,034 | +€232 | +0.5% |
| Current assets | 29/58 | €34,926 | €128,043 | +€93,117 | +266.6% |
| Amounts receivable within one year | 40/41 | €8,096 | €3,655 | -€4,441 | -54.9% |
| Trade receivables | 40 | €1,175 | €1,565 | +€391 | +33.3% |
| Other amounts receivable | 41 | €6,921 | €2,089 | -€4,832 | -69.8% |
| Current investments | 50/53 | €2,259 | €2,259 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,290 | €8,697 | +€2,407 | +38.3% |
| Deferred charges and accrued income | 490/1 | €18,281 | €113,432 | +€95,151 | +520.5% |
| Total equity and liabilities | 10/49 | €1,516,955 | €2,054,829 | +€537,874 | +35.5% |
| Equity | 10/15 | €305,849 | €528,443 | +€222,594 | +72.8% |
| Contributions | 10/11 | €18,962 | €41,042 | +€22,079 | +116.4% |
| Reserves | 13 | €326,817 | €469,845 | +€143,028 | +43.8% |
| Tax-exempt reserves | 132 | €194,770 | €218,744 | +€23,975 | +12.3% |
| Distributable reserves | 133 | €132,048 | €251,101 | +€119,053 | +90.2% |
| Profit (loss) carried forward | 14 | -€39,931 | €17,556 | +€57,487 | |
| Provisions and deferred taxes | 16 | €56,235 | €51,909 | -€4,326 | -7.7% |
| Deferred taxes | 168 | €56,235 | €51,909 | -€4,326 | -7.7% |
| Amounts payable | 17/49 | €1,154,871 | €1,474,476 | +€319,605 | +27.7% |
| Amounts payable after more than one year | 17 | €894,891 | €1,085,923 | +€191,032 | +21.3% |
| Financial debts | 170/4 | €894,891 | €1,085,923 | +€191,032 | +21.3% |
| Amounts payable within one year | 42/48 | €259,451 | €383,384 | +€123,933 | +47.8% |
| Current portion of amounts payable after more than one year | 42 | €80,292 | €102,330 | +€22,038 | +27.4% |
| Trade debts | 44 | €16,772 | €38,708 | +€21,936 | +130.8% |
| Suppliers | 440/4 | €16,772 | €38,708 | +€21,936 | +130.8% |
| Taxes, remuneration and social security | 45 | €1,133 | €6,548 | +€5,415 | +477.9% |
| Taxes | 450/3 | €1,133 | €6,548 | +€5,415 | +477.9% |
| Other amounts payable | 47/48 | €161,255 | €235,799 | +€74,544 | +46.2% |
| Accrued charges and deferred income | 492/3 | €529 | €5,170 | +€4,641 | +877.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,510 | €138,223 | +€62,714 | +83.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €225 | - | -€225 | |
| Other operating charges | 640/8 | €9,412 | €11,626 | +€2,214 | +23.5% |
| Gross operating margin | 9900 | €79,176 | €237,071 | +€157,895 | +199.4% |
| Operating profit (loss) | 9901 | -€5,971 | €87,222 | +€93,192 | |
| Financial income | 75/76B | €1,414 | €162 | -€1,252 | -88.5% |
| Recurring financial income | 75 | €1,414 | €162 | -€1,252 | -88.5% |
| Financial charges | 65/66B | €38,570 | €41,119 | +€2,550 | +6.6% |
| Recurring financial charges | 65 | €38,570 | €41,119 | +€2,550 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | -€43,127 | €46,264 | +€89,391 | |
| Transfer from deferred taxes | 780 | €4,326 | €4,326 | = | 0.0% |
| Income taxes | 67/77 | - | €6,080 | +€6,080 | |
| Profit (loss) for the period | 9904 | -€38,801 | €44,510 | +€83,311 | |
| Transfer from tax-exempt reserves | 789 | €12,977 | €12,977 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,824 | €57,487 | +€83,311 |
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.