IMMO ARNOGREGO: 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 ARNOGREGO
Largest movements
- Receivables within one year -€52,274
down €52,274 (-96.4%), from €54,211 to €1,938
of which Trade receivables: -€48,450
- Intangible fixed assets -€49,649
no longer reported in 2025 (was €49,649)
- Tangible fixed assets -€32,495
down €32,495 (-2.9%), from €1.1m to €1.1m
of which Land and buildings: -€26,638
- Cash +€21,659
up €21,659 (+34.3%), from €63,220 to €84,878
mainly Depreciation (+€82,144) and Net result for the year (+€67,721)
- Other debts -€105,202
down €105,202 (-62.8%), from €167,406 to €62,204
- Profit (loss) carried forward +€77,611
up €77,611 (+21.2%), from €366,781 to €444,391
- Debts after one year -€71,361
down €71,361 (-35.2%), from €202,455 to €131,094
- Gross operating margin -€129,543
down €129,543 (-37.4%), from €346,657 to €217,114
- Taxes -€32,541
down €32,541 (-43.2%), from €75,286 to €42,745
- Financial charges -€5,288
down €5,288 (-20.7%), from €25,570 to €20,282
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 | €1,298,401 | €1,174,920 | -€123,481 | -9.5% |
| Formation expenses | 20 | €9,100 | €9,100 | = | 0.0% |
| Fixed assets | 21/28 | €1,160,814 | €1,078,670 | -€82,144 | -7.1% |
| Intangible fixed assets | 21 | €49,649 | - | -€49,649 | |
| Tangible fixed assets | 22/27 | €1,110,371 | €1,077,876 | -€32,495 | -2.9% |
| Land and buildings | 22 | €1,077,138 | €1,050,500 | -€26,638 | -2.5% |
| Plant, machinery and equipment | 23 | €33,233 | €27,376 | -€5,857 | -17.6% |
| Financial fixed assets | 28 | €794 | €794 | = | 0.0% |
| Current assets | 29/58 | €128,487 | €87,150 | -€41,337 | -32.2% |
| Amounts receivable within one year | 40/41 | €54,211 | €1,938 | -€52,274 | -96.4% |
| Trade receivables | 40 | €48,450 | - | -€48,450 | |
| Other amounts receivable | 41 | €5,761 | €1,938 | -€3,824 | -66.4% |
| Cash at bank and in hand | 54/58 | €63,220 | €84,878 | +€21,659 | +34.3% |
| Deferred charges and accrued income | 490/1 | €11,056 | €334 | -€10,722 | -97.0% |
| Total equity and liabilities | 10/49 | €1,298,401 | €1,174,920 | -€123,481 | -9.5% |
| Equity | 10/15 | €705,436 | €773,157 | +€67,721 | +9.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €277,156 | €267,265 | -€9,890 | -3.6% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €271,006 | €261,115 | -€9,890 | -3.6% |
| Profit (loss) carried forward | 14 | €366,781 | €444,391 | +€77,611 | +21.2% |
| Provisions and deferred taxes | 16 | €114,924 | €109,831 | -€5,093 | -4.4% |
| Deferred taxes | 168 | €114,924 | €109,831 | -€5,093 | -4.4% |
| Amounts payable | 17/49 | €478,041 | €291,932 | -€186,109 | -38.9% |
| Amounts payable after more than one year | 17 | €202,455 | €131,094 | -€71,361 | -35.2% |
| Financial debts | 170/4 | €202,455 | €131,094 | -€71,361 | -35.2% |
| Amounts payable within one year | 42/48 | €256,759 | €144,896 | -€111,862 | -43.6% |
| Current portion of amounts payable after more than one year | 42 | €68,891 | €71,361 | +€2,470 | +3.6% |
| Trade debts | 44 | €4,484 | €324 | -€4,160 | -92.8% |
| Suppliers | 440/4 | €4,484 | €324 | -€4,160 | -92.8% |
| Taxes, remuneration and social security | 45 | €15,978 | €11,007 | -€4,971 | -31.1% |
| Taxes | 450/3 | €15,978 | €11,007 | -€4,971 | -31.1% |
| Other amounts payable | 47/48 | €167,406 | €62,204 | -€105,202 | -62.8% |
| Accrued charges and deferred income | 492/3 | €18,827 | €15,941 | -€2,886 | -15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,428 | €82,144 | +€716 | +0.9% |
| Other operating charges | 640/8 | €9,138 | €9,399 | +€261 | +2.9% |
| Non-recurring operating charges | 66A | €75 | - | -€75 | |
| Gross operating margin | 9900 | €346,657 | €217,114 | -€129,543 | -37.4% |
| Operating profit (loss) | 9901 | €256,016 | €125,570 | -€130,445 | -51.0% |
| Financial income | 75/76B | €208 | €85 | -€123 | -59.2% |
| Recurring financial income | 75 | €208 | €85 | -€123 | -59.2% |
| Financial charges | 65/66B | €25,570 | €20,282 | -€5,288 | -20.7% |
| Recurring financial charges | 65 | €25,570 | €20,282 | -€5,288 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | €230,654 | €105,373 | -€125,281 | -54.3% |
| Transfer from deferred taxes | 780 | €5,093 | €5,093 | = | 0.0% |
| Income taxes | 67/77 | €75,286 | €42,745 | -€32,541 | -43.2% |
| Profit (loss) for the period | 9904 | €160,461 | €67,721 | -€92,740 | -57.8% |
| Transfer from tax-exempt reserves | 789 | €9,890 | €9,890 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €170,351 | €77,611 | -€92,740 | -54.4% |
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 1 November 2026 via checked.be.