IMMO APB BRUX: 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 APB BRUX
Largest movements
- Tangible fixed assets -€408,099
down €408,099 (-8.3%), from €4.9m to €4.5m
- Debts after one year -€500,000
down €500,000 (-15.7%), from €3.2m to €2.7m
of which Financial debts: -€500,000
- Profit (loss) carried forward +€318,457
up €318,457 (+29.8%), from €1.1m to €1.4m
- Short-term financial debts -€107,836
no longer reported in 2025 (was €107,836)
- Other debts -€100,000
no longer reported in 2025 (was €100,000)
- Gross operating margin +€22,980
up €22,980 (+2.7%), from €863,975 to €886,955
- Other operating charges +€17,464
new in 2025: €17,464
- Financial charges -€13,481
down €13,481 (-26.9%), from €50,191 to €36,710
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 | €4,998,113 | €4,612,959 | -€385,153 | -7.7% |
| Fixed assets | 21/28 | €4,894,952 | €4,486,853 | -€408,099 | -8.3% |
| Tangible fixed assets | 22/27 | €4,894,952 | €4,486,853 | -€408,099 | -8.3% |
| Land and buildings | 22 | €4,894,952 | €4,486,853 | -€408,099 | -8.3% |
| Current assets | 29/58 | €103,161 | €126,107 | +€22,946 | +22.2% |
| Amounts receivable within one year | 40/41 | €1 | €1 | +€0 | +2.6% |
| Other amounts receivable | 41 | €1 | €1 | +€0 | +2.6% |
| Cash at bank and in hand | 54/58 | €103,160 | €126,105 | +€22,946 | +22.2% |
| Total equity and liabilities | 10/49 | €4,998,113 | €4,612,959 | -€385,153 | -7.7% |
| Equity | 10/15 | €1,091,499 | €1,409,955 | +€318,457 | +29.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Other | 1109/19 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,069,499 | €1,387,955 | +€318,457 | +29.8% |
| Amounts payable | 17/49 | €3,906,614 | €3,203,004 | -€703,610 | -18.0% |
| Amounts payable after more than one year | 17 | €3,176,250 | €2,676,250 | -€500,000 | -15.7% |
| Financial debts | 170/4 | €3,000,000 | €2,500,000 | -€500,000 | -16.7% |
| Other amounts payable | 178/9 | €176,250 | €176,250 | = | 0.0% |
| Amounts payable within one year | 42/48 | €728,649 | €525,284 | -€203,365 | -27.9% |
| Current portion of amounts payable after more than one year | 42 | €500,000 | €500,000 | = | 0.0% |
| Financial debts | 43 | €107,836 | - | -€107,836 | |
| Other loans | 439 | €107,836 | - | -€107,836 | |
| Trade debts | 44 | €14,392 | €14,058 | -€334 | -2.3% |
| Suppliers | 440/4 | €14,392 | €14,058 | -€334 | -2.3% |
| Taxes, remuneration and social security | 45 | €6,421 | €11,226 | +€4,805 | +74.8% |
| Taxes | 450/3 | €6,421 | €11,226 | +€4,805 | +74.8% |
| Other amounts payable | 47/48 | €100,000 | - | -€100,000 | |
| Accrued charges and deferred income | 492/3 | €1,715 | €1,470 | -€245 | -14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €408,099 | €408,099 | = | 0.0% |
| Other operating charges | 640/8 | - | €17,464 | +€17,464 | |
| Gross operating margin | 9900 | €863,975 | €886,955 | +€22,980 | +2.7% |
| Operating profit (loss) | 9901 | €455,876 | €461,392 | +€5,516 | +1.2% |
| Financial charges | 65/66B | €50,191 | €36,710 | -€13,481 | -26.9% |
| Recurring financial charges | 65 | €50,191 | €36,710 | -€13,481 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €405,685 | €424,682 | +€18,997 | +4.7% |
| Income taxes | 67/77 | €101,421 | €106,226 | +€4,805 | +4.7% |
| Profit (loss) for the period | 9904 | €304,264 | €318,457 | +€14,193 | +4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €304,264 | €318,457 | +€14,193 | +4.7% |
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 27 October 2026 via checked.be.