IMMO - ANFRA: 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 - ANFRA
Largest movements
- Tangible fixed assets -€18,339
down €18,339 (-11.5%), from €159,131 to €140,791
of which Land and buildings: -€15,742
- Cash -€4,051
down €4,051 (-52.1%), from €7,775 to €3,724
mainly Debts after one year (-€16,425) and Contributions, distributions and other (-€7,519)
- Debts after one year -€16,425
down €16,425 (-23.3%), from €70,594 to €54,169
- Reserves -€5,654
down €5,654 (-13.7%), from €41,369 to €35,715
of which Tax-exempt reserves: -€5,654
- Provisions -€2,911
down €2,911 (-14.3%), from €20,344 to €17,433
- Trade debts +€2,814
new in 2025: €2,814
- Depreciation -€872
down €872 (-4.5%), from €19,212 to €18,339
- Gross operating margin -€765
down €765 (-2.8%), from €27,065 to €26,300
- Financial charges -€427
down €427 (-16.2%), from €2,632 to €2,205
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 | €181,327 | €158,681 | -€22,645 | -12.5% |
| Fixed assets | 21/28 | €159,131 | €140,791 | -€18,339 | -11.5% |
| Tangible fixed assets | 22/27 | €159,131 | €140,791 | -€18,339 | -11.5% |
| Land and buildings | 22 | €156,533 | €140,791 | -€15,742 | -10.1% |
| Furniture and vehicles | 24 | €2,598 | - | -€2,598 | |
| Current assets | 29/58 | €22,196 | €17,890 | -€4,306 | -19.4% |
| Amounts receivable within one year | 40/41 | €1,661 | €2,726 | +€1,065 | +64.1% |
| Trade receivables | 40 | - | €2,320 | +€2,320 | |
| Other amounts receivable | 41 | €1,661 | €406 | -€1,255 | -75.6% |
| Cash at bank and in hand | 54/58 | €7,775 | €3,724 | -€4,051 | -52.1% |
| Deferred charges and accrued income | 490/1 | €12,760 | €11,440 | -€1,320 | -10.3% |
| Total equity and liabilities | 10/49 | €181,327 | €158,681 | -€22,645 | -12.5% |
| Equity | 10/15 | €59,969 | €54,315 | -€5,654 | -9.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €41,369 | €35,715 | -€5,654 | -13.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €39,509 | €33,855 | -€5,654 | -14.3% |
| Provisions and deferred taxes | 16 | €20,344 | €17,433 | -€2,911 | -14.3% |
| Deferred taxes | 168 | €20,344 | €17,433 | -€2,911 | -14.3% |
| Amounts payable | 17/49 | €101,014 | €86,934 | -€14,080 | -13.9% |
| Amounts payable after more than one year | 17 | €70,594 | €54,169 | -€16,425 | -23.3% |
| Financial debts | 170/4 | €70,594 | €54,169 | -€16,425 | -23.3% |
| Amounts payable within one year | 42/48 | €30,420 | €32,765 | +€2,345 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €18,119 | €16,425 | -€1,694 | -9.4% |
| Trade debts | 44 | - | €2,814 | +€2,814 | |
| Suppliers | 440/4 | - | €2,814 | +€2,814 | |
| Taxes, remuneration and social security | 45 | €4,659 | €6,001 | +€1,343 | +28.8% |
| Taxes | 450/3 | €4,659 | €6,001 | +€1,343 | +28.8% |
| Other amounts payable | 47/48 | €7,642 | €7,524 | -€118 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,212 | €18,339 | -€872 | -4.5% |
| Other operating charges | 640/8 | €3,355 | €3,458 | +€103 | +3.1% |
| Gross operating margin | 9900 | €27,065 | €26,300 | -€765 | -2.8% |
| Operating profit (loss) | 9901 | €4,499 | €4,503 | +€4 | +0.1% |
| Financial income | 75/76B | €99 | €111 | +€11 | +11.2% |
| Recurring financial income | 75 | €99 | €111 | +€11 | +11.2% |
| Financial charges | 65/66B | €2,632 | €2,205 | -€427 | -16.2% |
| Recurring financial charges | 65 | €2,632 | €2,205 | -€427 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €1,966 | €2,409 | +€443 | +22.5% |
| Transfer from deferred taxes | 780 | €2,911 | €2,911 | = | 0.0% |
| Income taxes | 67/77 | €3,586 | €3,455 | -€131 | -3.6% |
| Profit (loss) for the period | 9904 | €1,291 | €1,865 | +€573 | +44.4% |
| Transfer from tax-exempt reserves | 789 | €5,654 | €5,654 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,945 | €7,519 | +€573 | +8.3% |
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 19 October 2026 via checked.be.