IMMO ANDENNE: 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 ANDENNE
Largest movements
- Tangible fixed assets -€98,870
down €98,870 (-4.6%), from €2.1m to €2.0m
- Debts after one year -€122,135
down €122,135 (-6.3%), from €1.9m to €1.8m
of which Financial debts: -€122,135
- Other debts +€34,000
up €34,000 (+32.2%), from €105,609 to €139,609
- Financial charges -€11,172
down €11,172 (-22.9%), from €48,699 to €37,527
- Gross operating margin -€5,448
down €5,448 (-2.6%), from €210,462 to €205,014
- Taxes +€3,705
up €3,705 (+44.9%), from €8,259 to €11,964
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 | €2,153,991 | €2,045,681 | -€108,311 | -5.0% |
| Fixed assets | 21/28 | €2,134,037 | €2,035,167 | -€98,870 | -4.6% |
| Tangible fixed assets | 22/27 | €2,134,037 | €2,035,167 | -€98,870 | -4.6% |
| Land and buildings | 22 | €2,134,037 | €2,035,167 | -€98,870 | -4.6% |
| Current assets | 29/58 | €19,954 | €10,514 | -€9,440 | -47.3% |
| Amounts receivable within one year | 40/41 | €7,174 | €0 | -€7,174 | -100.0% |
| Trade receivables | 40 | €83 | - | -€83 | |
| Other amounts receivable | 41 | €7,091 | €0 | -€7,091 | -100.0% |
| Cash at bank and in hand | 54/58 | €9,967 | €7,653 | -€2,314 | -23.2% |
| Deferred charges and accrued income | 490/1 | €2,813 | €2,861 | +€47 | +1.7% |
| Total equity and liabilities | 10/49 | €2,153,991 | €2,045,681 | -€108,311 | -5.0% |
| Equity | 10/15 | €22,875 | €18,766 | -€4,109 | -18.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,325 | €216 | -€4,109 | -95.0% |
| Amounts payable | 17/49 | €2,131,116 | €2,026,915 | -€104,202 | -4.9% |
| Amounts payable after more than one year | 17 | €1,935,534 | €1,813,399 | -€122,135 | -6.3% |
| Financial debts | 170/4 | €1,185,534 | €1,063,399 | -€122,135 | -10.3% |
| Other amounts payable | 178/9 | €750,000 | €750,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €191,797 | €210,591 | +€18,794 | +9.8% |
| Current portion of amounts payable after more than one year | 42 | €61,070 | €62,391 | +€1,322 | +2.2% |
| Trade debts | 44 | €19,355 | €0 | -€19,355 | -100.0% |
| Suppliers | 440/4 | €19,355 | €0 | -€19,355 | -100.0% |
| Taxes, remuneration and social security | 45 | €5,763 | €8,590 | +€2,827 | +49.0% |
| Taxes | 450/3 | €5,763 | €8,590 | +€2,827 | +49.0% |
| Other amounts payable | 47/48 | €105,609 | €139,609 | +€34,000 | +32.2% |
| Accrued charges and deferred income | 492/3 | €3,786 | €2,926 | -€860 | -22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,975 | €98,870 | +€895 | +0.9% |
| Other operating charges | 640/8 | €21,283 | €20,763 | -€519 | -2.4% |
| Gross operating margin | 9900 | €210,462 | €205,014 | -€5,448 | -2.6% |
| Operating profit (loss) | 9901 | €91,204 | €85,381 | -€5,823 | -6.4% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €48,699 | €37,527 | -€11,172 | -22.9% |
| Recurring financial charges | 65 | €48,699 | €37,527 | -€11,172 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | €42,505 | €47,855 | +€5,350 | +12.6% |
| Income taxes | 67/77 | €8,259 | €11,964 | +€3,705 | +44.9% |
| Profit (loss) for the period | 9904 | €34,246 | €35,891 | +€1,645 | +4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €34,246 | €35,891 | +€1,645 | +4.8% |
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 6 October 2026 via checked.be.