IMMO ANTWERPIA: 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 ANTWERPIA
Largest movements
- Tangible fixed assets -€202,578
down €202,578 (-47.3%), from €427,970 to €225,392
- Cash +€107,143
up €107,143 (+420%), from €25,493 to €132,636
mainly Investment in fixed assets (net) (+€197,028) and Net result for the year (+€106,466)
- Debts after one year -€152,283
down €152,283 (-51.9%), from €293,613 to €141,329
of which Financial debts: -€149,283
- Profit (loss) carried forward +€106,466
up €106,466 (+81.8%), from -€130,193 to -€23,727
- Other debts -€35,859
down €35,859 (-18.7%), from €192,152 to €156,293
- Current portion of long-term debt -€8,666
down €8,666 (-40.6%), from €21,323 to €12,657
- Trade debts -€5,108
down €5,108 (-58.7%), from €8,695 to €3,587
- Gross operating margin +€111,382
up €111,382 (+397%), from €28,081 to €139,462
- Financial charges +€8,895
up €8,895 (+63.3%), from €14,061 to €22,956
- Depreciation -€4,662
down €4,662 (-45.7%), from €10,212 to €5,550
- Turnover -€3,286
down €3,286 (-15.5%), from €21,132 to €17,846
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 | €453,463 | €358,028 | -€95,436 | -21.0% |
| Fixed assets | 21/28 | €427,970 | €225,392 | -€202,578 | -47.3% |
| Tangible fixed assets | 22/27 | €427,970 | €225,392 | -€202,578 | -47.3% |
| Land and buildings | 22 | €427,970 | €225,392 | -€202,578 | -47.3% |
| Current assets | 29/58 | €25,493 | €132,636 | +€107,143 | +420% |
| Cash at bank and in hand | 54/58 | €25,493 | €132,636 | +€107,143 | +420% |
| Total equity and liabilities | 10/49 | €453,463 | €358,028 | -€95,436 | -21.0% |
| Equity | 10/15 | -€62,543 | €43,923 | +€106,466 | |
| Contributions | 10/11 | €67,650 | €67,650 | = | 0.0% |
| Contributions outside capital | 11 | - | €67,650 | +€67,650 | |
| Other | 1109/19 | - | €67,650 | +€67,650 | |
| Profit (loss) carried forward | 14 | -€130,193 | -€23,727 | +€106,466 | +81.8% |
| Amounts payable | 17/49 | €516,006 | €314,105 | -€201,902 | -39.1% |
| Amounts payable after more than one year | 17 | €293,613 | €141,329 | -€152,283 | -51.9% |
| Financial debts | 170/4 | €290,613 | €141,329 | -€149,283 | -51.4% |
| Other amounts payable | 178/9 | €3,000 | - | -€3,000 | |
| Amounts payable within one year | 42/48 | €222,394 | €172,775 | -€49,619 | -22.3% |
| Current portion of amounts payable after more than one year | 42 | €21,323 | €12,657 | -€8,666 | -40.6% |
| Trade debts | 44 | €8,695 | €3,587 | -€5,108 | -58.7% |
| Suppliers | 440/4 | €8,695 | €3,587 | -€5,108 | -58.7% |
| Taxes, remuneration and social security | 45 | €225 | €238 | +€14 | +6.1% |
| Taxes | 450/3 | €225 | €238 | +€14 | +6.1% |
| Other amounts payable | 47/48 | €192,152 | €156,293 | -€35,859 | -18.7% |
| Turnover | 70 | €21,132 | €17,846 | -€3,286 | -15.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €17,300 | €18,369 | +€1,069 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,212 | €5,550 | -€4,662 | -45.7% |
| Other operating charges | 640/8 | €3,801 | €4,511 | +€710 | +18.7% |
| Gross operating margin | 9900 | €28,081 | €139,462 | +€111,382 | +397% |
| Operating profit (loss) | 9901 | €14,067 | €129,401 | +€115,333 | +820% |
| Financial income | 75/76B | €165 | €255 | +€90 | +54.6% |
| Recurring financial income | 75 | €165 | €255 | +€90 | +54.6% |
| Financial charges | 65/66B | €14,061 | €22,956 | +€8,895 | +63.3% |
| Recurring financial charges | 65 | €14,061 | €22,956 | +€8,895 | +63.3% |
| Profit (loss) for the period before taxes | 9903 | €171 | €106,700 | +€106,529 | +62,156% |
| Income taxes | 67/77 | €225 | €234 | +€9 | +4.0% |
| Profit (loss) for the period | 9904 | -€53 | €106,466 | +€106,520 | |
| Profit (loss) for the period to be appropriated | 9905 | -€53 | €106,466 | +€106,520 |
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 31 October 2026 via checked.be.