IMMO ASO: 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 ASO
Largest movements
- Tangible fixed assets +€23,678
up €23,678 (+2.3%), from €1.0m to €1.0m
- Other debts +€63,137
up €63,137 (+16.1%), from €392,687 to €455,824
- Debts after one year -€27,735
down €27,735 (-15.9%), from €174,607 to €146,872
- Profit (loss) carried forward -€20,815
new in 2025: -€20,815
- Trade debts +€14,402
up €14,402 (+195.4%), from €7,372 to €21,774
- Current portion of long-term debt -€13,846
down €13,846 (-20.8%), from €66,580 to €52,734
- Financial charges +€18,255
up €18,255 (+268.9%), from €6,790 to €25,045
- Depreciation +€3,357
up €3,357 (+5.1%), from €66,354 to €69,711
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 | €1,023,885 | €1,041,699 | +€17,814 | +1.7% |
| Fixed assets | 21/28 | €1,013,265 | €1,036,033 | +€22,768 | +2.2% |
| Tangible fixed assets | 22/27 | €1,012,355 | €1,036,033 | +€23,678 | +2.3% |
| Land and buildings | 22 | €1,012,355 | €1,036,033 | +€23,678 | +2.3% |
| Financial fixed assets | 28 | €910 | - | -€910 | |
| Current assets | 29/58 | €10,620 | €5,666 | -€4,954 | -46.6% |
| Amounts receivable within one year | 40/41 | €2,452 | €152 | -€2,300 | -93.8% |
| Other amounts receivable | 41 | €2,452 | €152 | -€2,300 | -93.8% |
| Cash at bank and in hand | 54/58 | €5,625 | €3,223 | -€2,402 | -42.7% |
| Deferred charges and accrued income | 490/1 | €2,543 | €2,291 | -€252 | -9.9% |
| Total equity and liabilities | 10/49 | €1,023,885 | €1,041,699 | +€17,814 | +1.7% |
| Equity | 10/15 | €346,298 | €319,993 | -€26,305 | -7.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €327,698 | €322,208 | -€5,490 | -1.7% |
| Tax-exempt reserves | 132 | €85,682 | €80,192 | -€5,490 | -6.4% |
| Distributable reserves | 133 | €242,016 | €242,016 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€20,815 | -€20,815 | |
| Provisions and deferred taxes | 16 | €33,305 | €31,476 | -€1,829 | -5.5% |
| Deferred taxes | 168 | €33,305 | €31,476 | -€1,829 | -5.5% |
| Amounts payable | 17/49 | €644,282 | €690,230 | +€45,948 | +7.1% |
| Amounts payable after more than one year | 17 | €174,607 | €146,872 | -€27,735 | -15.9% |
| Financial debts | 170/4 | €174,607 | €146,872 | -€27,735 | -15.9% |
| Amounts payable within one year | 42/48 | €466,729 | €536,038 | +€69,309 | +14.8% |
| Current portion of amounts payable after more than one year | 42 | €66,580 | €52,734 | -€13,846 | -20.8% |
| Trade debts | 44 | €7,372 | €21,774 | +€14,402 | +195.4% |
| Suppliers | 440/4 | €7,372 | €21,774 | +€14,402 | +195.4% |
| Taxes, remuneration and social security | 45 | €90 | €5,706 | +€5,616 | +6240.0% |
| Taxes | 450/3 | €90 | €5,706 | +€5,616 | +6240.0% |
| Other amounts payable | 47/48 | €392,687 | €455,824 | +€63,137 | +16.1% |
| Accrued charges and deferred income | 492/3 | €2,946 | €7,320 | +€4,374 | +148.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,354 | €69,711 | +€3,357 | +5.1% |
| Other operating charges | 640/8 | €10,088 | €10,165 | +€77 | +0.8% |
| Gross operating margin | 9900 | €76,204 | €76,787 | +€583 | +0.8% |
| Operating profit (loss) | 9901 | -€238 | -€3,089 | -€2,851 | -1197.9% |
| Financial charges | 65/66B | €6,790 | €25,045 | +€18,255 | +268.9% |
| Recurring financial charges | 65 | €6,790 | €25,045 | +€18,255 | +268.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,028 | -€28,134 | -€21,106 | -300.3% |
| Transfer from deferred taxes | 780 | €1,829 | €1,829 | = | 0.0% |
| Income taxes | 67/77 | €66 | - | -€66 | |
| Profit (loss) for the period | 9904 | -€5,265 | -€26,305 | -€21,040 | -399.6% |
| Transfer from tax-exempt reserves | 789 | €5,489 | €5,490 | +€1 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €224 | -€20,815 | -€21,039 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.