IMMO ARES: 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 ARES
Largest movements
- Cash -€38,135
down €38,135 (-27.7%), from €137,438 to €99,303
mainly Other debts (-€58,731)
- Other debts -€58,731
down €58,731 (-96.6%), from €60,783 to €2,052
- Reserves +€18,374
up €18,374 (+23.3%), from €78,911 to €97,285
of which Distributable reserves: +€18,374
- Tax, wage and social debts +€1,995
up €1,995, from €0 to €1,995
- Gross operating margin +€7,734
up €7,734 (+37.3%), from €20,743 to €28,477
- Taxes +€2,471
up €2,471 (+40.5%), from €6,104 to €8,574
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 | €193,410 | €155,079 | -€38,331 | -19.8% |
| Fixed assets | 21/28 | €55,776 | €55,776 | = | 0.0% |
| Tangible fixed assets | 22/27 | €55,776 | €55,776 | = | 0.0% |
| Land and buildings | 22 | €55,776 | €55,776 | = | 0.0% |
| Current assets | 29/58 | €137,634 | €99,303 | -€38,331 | -27.9% |
| Amounts receivable within one year | 40/41 | €196 | €0 | -€196 | -100.0% |
| Other amounts receivable | 41 | €196 | €0 | -€196 | -100.0% |
| Cash at bank and in hand | 54/58 | €137,438 | €99,303 | -€38,135 | -27.7% |
| Total equity and liabilities | 10/49 | €193,410 | €155,079 | -€38,331 | -19.8% |
| Equity | 10/15 | €131,644 | €150,018 | +€18,374 | +14.0% |
| Contributions | 10/11 | €18,900 | €18,900 | = | 0.0% |
| Reserves | 13 | €78,911 | €97,285 | +€18,374 | +23.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €78,911 | €97,285 | +€18,374 | +23.3% |
| Profit (loss) carried forward | 14 | €33,833 | €33,833 | = | 0.0% |
| Amounts payable | 17/49 | €61,766 | €5,061 | -€56,705 | -91.8% |
| Amounts payable within one year | 42/48 | €60,783 | €4,047 | -€56,736 | -93.3% |
| Taxes, remuneration and social security | 45 | €0 | €1,995 | +€1,995 | |
| Taxes | 450/3 | €0 | €1,995 | +€1,995 | |
| Other amounts payable | 47/48 | €60,783 | €2,052 | -€58,731 | -96.6% |
| Accrued charges and deferred income | 492/3 | €983 | €1,014 | +€31 | +3.2% |
| Other operating charges | 640/8 | €1,620 | €1,674 | +€55 | +3.4% |
| Gross operating margin | 9900 | €20,743 | €28,477 | +€7,734 | +37.3% |
| Operating profit (loss) | 9901 | €19,123 | €26,803 | +€7,680 | +40.2% |
| Financial income | 75/76B | €141 | €266 | +€124 | +88.0% |
| Recurring financial income | 75 | €141 | €266 | +€124 | +88.0% |
| Financial charges | 65/66B | €103 | €121 | +€18 | +17.6% |
| Recurring financial charges | 65 | €103 | €121 | +€18 | +17.6% |
| Profit (loss) for the period before taxes | 9903 | €19,162 | €26,948 | +€7,786 | +40.6% |
| Income taxes | 67/77 | €6,104 | €8,574 | +€2,471 | +40.5% |
| Profit (loss) for the period | 9904 | €13,058 | €18,374 | +€5,316 | +40.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,058 | €18,374 | +€5,316 | +40.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.