Immo Andre Devos: 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 Andre Devos
Largest movements
- Cash -€36,044
down €36,044 (-78.6%), from €45,830 to €9,786
mainly Net result for the year (-€42,646) and Receivables within one year (-€1,595)
- Tangible fixed assets -€8,197
down €8,197 (-1.8%), from €443,081 to €434,884
- Reserves -€42,646
down €42,646 (-9.3%), from €461,028 to €418,382
of which Distributable reserves: -€42,646
- Gross operating margin -€6,821
down €6,821 (-30.2%), from -€22,616 to -€29,438
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.
Derived cash bridge
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 | €523,866 | €481,220 | -€42,646 | -8.1% |
| Fixed assets | 21/28 | €443,081 | €434,884 | -€8,197 | -1.8% |
| Tangible fixed assets | 22/27 | €443,081 | €434,884 | -€8,197 | -1.8% |
| Land and buildings | 22 | €443,081 | €434,884 | -€8,197 | -1.8% |
| Current assets | 29/58 | €80,785 | €46,336 | -€34,449 | -42.6% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,956 | €6,550 | +€1,595 | +32.2% |
| Other amounts receivable | 41 | €4,956 | €6,550 | +€1,595 | +32.2% |
| Cash at bank and in hand | 54/58 | €45,830 | €9,786 | -€36,044 | -78.6% |
| Total equity and liabilities | 10/49 | €523,866 | €481,220 | -€42,646 | -8.1% |
| Equity | 10/15 | €523,866 | €481,220 | -€42,646 | -8.1% |
| Contributions | 10/11 | €62,838 | €62,838 | = | 0.0% |
| Capital | 10 | €62,838 | €62,838 | = | 0.0% |
| Issued capital | 100 | €62,838 | €62,838 | = | 0.0% |
| Reserves | 13 | €461,028 | €418,382 | -€42,646 | -9.3% |
| Non-distributable reserves | 130/1 | €6,284 | €6,284 | = | 0.0% |
| Legal reserve | 130 | €6,284 | €6,284 | = | 0.0% |
| Distributable reserves | 133 | €454,745 | €412,098 | -€42,646 | -9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,197 | €8,197 | = | 0.0% |
| Other operating charges | 640/8 | €6,673 | €6,501 | -€172 | -2.6% |
| Gross operating margin | 9900 | -€22,616 | -€29,438 | -€6,821 | -30.2% |
| Operating profit (loss) | 9901 | -€37,487 | -€44,136 | -€6,649 | -17.7% |
| Financial income | 75/76B | €1,476 | €1,535 | +€58 | +4.0% |
| Recurring financial income | 75 | €1,476 | €1,535 | +€58 | +4.0% |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | -€36,054 | -€42,646 | -€6,593 | -18.3% |
| Profit (loss) for the period | 9904 | -€36,054 | -€42,646 | -€6,593 | -18.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,054 | -€42,646 | -€6,593 | -18.3% |
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 25 October 2026 via checked.be.