IMMO-ANCA: 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-ANCA
Largest movements
- Receivables within one year +€276,298
up €276,298 (+830.1%), from €33,286 to €309,584
of which Other amounts receivable: +€276,773
- Receivables after one year -€158,967
down €158,967 (-100.0%), from €158,967 to €0
- Cash -€139,260
down €139,260 (-45.8%), from €304,320 to €165,060
mainly Receivables within one year (-€276,298) and Debts after one year (-€67,178)
- Deferred charges and accrued income +€13,736
up €13,736 (+150.0%), from €9,159 to €22,895
- Tangible fixed assets -€11,852
down €11,852 (-6.6%), from €178,289 to €166,437
of which Land and buildings: -€11,148
- Debts after one year -€67,178
down €67,178 (-10.8%), from €623,330 to €556,153
- Profit (loss) carried forward +€29,966
up €29,966 (+8.8%), from -€342,411 to -€312,445
- Trade debts +€10,023
up €10,023 (+647.6%), from €1,548 to €11,570
- Write-downs -€319,077
down €319,077 (-100.0%), from €319,077 to €0
- Gross operating margin -€38,666
down €38,666 (-35.6%), from €108,587 to €69,921
- Financial income +€2,930
up €2,930 (+29.3%), from €9,988 to €12,917
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 | €738,077 | €718,032 | -€20,045 | -2.7% |
| Fixed assets | 21/28 | €178,345 | €166,493 | -€11,852 | -6.6% |
| Tangible fixed assets | 22/27 | €178,289 | €166,437 | -€11,852 | -6.6% |
| Land and buildings | 22 | €174,421 | €163,273 | -€11,148 | -6.4% |
| Plant, machinery and equipment | 23 | €3,868 | €3,164 | -€704 | -18.2% |
| Financial fixed assets | 28 | €56 | €56 | = | 0.0% |
| Current assets | 29/58 | €559,732 | €551,539 | -€8,193 | -1.5% |
| Amounts receivable after more than one year | 29 | €158,967 | €0 | -€158,967 | -100.0% |
| Other amounts receivable | 291 | €158,967 | €0 | -€158,967 | -100.0% |
| Amounts receivable within one year | 40/41 | €33,286 | €309,584 | +€276,298 | +830.1% |
| Trade receivables | 40 | €475 | €0 | -€475 | -100.0% |
| Other amounts receivable | 41 | €32,811 | €309,584 | +€276,773 | +843.5% |
| Current investments | 50/53 | €54,000 | €54,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €304,320 | €165,060 | -€139,260 | -45.8% |
| Deferred charges and accrued income | 490/1 | €9,159 | €22,895 | +€13,736 | +150.0% |
| Total equity and liabilities | 10/49 | €738,077 | €718,032 | -€20,045 | -2.7% |
| Equity | 10/15 | €39,418 | €69,385 | +€29,966 | +76.0% |
| Contributions | 10/11 | €282,403 | €282,403 | = | 0.0% |
| Capital | 10 | €282,403 | €282,403 | = | 0.0% |
| Issued capital | 100 | €282,403 | €282,403 | = | 0.0% |
| Reserves | 13 | €99,426 | €99,426 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,904 | €5,904 | = | 0.0% |
| Legal reserve | 130 | €5,904 | €5,904 | = | 0.0% |
| Distributable reserves | 133 | €93,522 | €93,522 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€342,411 | -€312,445 | +€29,966 | +8.8% |
| Amounts payable | 17/49 | €698,658 | €648,647 | -€50,011 | -7.2% |
| Amounts payable after more than one year | 17 | €623,330 | €556,153 | -€67,178 | -10.8% |
| Financial debts | 170/4 | €623,330 | €556,153 | -€67,178 | -10.8% |
| Amounts payable within one year | 42/48 | €69,437 | €86,604 | +€17,167 | +24.7% |
| Current portion of amounts payable after more than one year | 42 | €56,679 | €60,000 | +€3,321 | +5.9% |
| Trade debts | 44 | €1,548 | €11,570 | +€10,023 | +647.6% |
| Suppliers | 440/4 | €1,548 | €11,570 | +€10,023 | +647.6% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €11,211 | €15,034 | +€3,823 | +34.1% |
| Accrued charges and deferred income | 492/3 | €5,890 | €5,890 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,576 | €11,852 | -€725 | -5.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €319,077 | €0 | -€319,077 | -100.0% |
| Other operating charges | 640/8 | €40,860 | €40,798 | -€62 | -0.2% |
| Gross operating margin | 9900 | €108,587 | €69,921 | -€38,666 | -35.6% |
| Operating profit (loss) | 9901 | -€263,927 | €17,272 | +€281,198 | |
| Financial income | 75/76B | €9,988 | €12,917 | +€2,930 | +29.3% |
| Recurring financial income | 75 | €9,988 | €12,917 | +€2,930 | +29.3% |
| Financial charges | 65/66B | €525 | €223 | -€302 | -57.5% |
| Recurring financial charges | 65 | €525 | €223 | -€302 | -57.5% |
| Profit (loss) for the period before taxes | 9903 | -€254,464 | €29,966 | +€284,430 | |
| Income taxes | 67/77 | €109 | €0 | -€109 | -100.0% |
| Profit (loss) for the period | 9904 | -€254,573 | €29,966 | +€284,539 | |
| Profit (loss) for the period to be appropriated | 9905 | -€254,573 | €29,966 | +€284,539 |
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 11 October 2026 via checked.be.