IMMO ASSELBORN: 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 ASSELBORN
Largest movements
- Current investments +€480,000
new in 2024: €480,000
- Tangible fixed assets -€120,618
down €120,618 (-12.2%), from €991,361 to €870,743
of which Land and buildings: -€120,136
- Cash +€102,992
up €102,992 (+249.3%), from €41,312 to €144,304
mainly Net result for the year (+€537,919) and Depreciation (+€82,632)
- Receivables within one year +€15,731
up €15,731 (+62.4%), from €25,194 to €40,924
of which Trade receivables: +€16,005
- Profit (loss) carried forward +€537,919
up €537,919 (+76.6%), from -€702,605 to -€164,686
- Debts after one year -€58,133
down €58,133 (-10.8%), from €536,969 to €478,836
- Gross operating margin +€563,940
up €563,940 (+524.1%), from €107,602 to €671,542
- Depreciation -€22,495
down €22,495 (-21.4%), from €105,126 to €82,632
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,063,533 | €1,540,610 | +€477,077 | +44.9% |
| Fixed assets | 21/28 | €991,361 | €870,743 | -€120,618 | -12.2% |
| Tangible fixed assets | 22/27 | €991,361 | €870,743 | -€120,618 | -12.2% |
| Land and buildings | 22 | €990,186 | €870,050 | -€120,136 | -12.1% |
| Furniture and vehicles | 24 | €1,174 | €692 | -€482 | -41.0% |
| Current assets | 29/58 | €72,172 | €669,867 | +€597,695 | +828.2% |
| Amounts receivable within one year | 40/41 | €25,194 | €40,924 | +€15,731 | +62.4% |
| Trade receivables | 40 | €16,349 | €32,354 | +€16,005 | +97.9% |
| Other amounts receivable | 41 | €8,844 | €8,570 | -€274 | -3.1% |
| Current investments | 50/53 | - | €480,000 | +€480,000 | |
| Cash at bank and in hand | 54/58 | €41,312 | €144,304 | +€102,992 | +249.3% |
| Deferred charges and accrued income | 490/1 | €5,667 | €4,639 | -€1,028 | -18.1% |
| Total equity and liabilities | 10/49 | €1,063,533 | €1,540,610 | +€477,077 | +44.9% |
| Equity | 10/15 | €1,395 | €539,314 | +€537,919 | +38572.7% |
| Contributions | 10/11 | €704,000 | €704,000 | = | 0.0% |
| Capital | 10 | €704,000 | €704,000 | = | 0.0% |
| Issued capital | 100 | €704,000 | €704,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€702,605 | -€164,686 | +€537,919 | +76.6% |
| Provisions and deferred taxes | 16 | €45,141 | €42,687 | -€2,454 | -5.4% |
| Provisions for liabilities and charges | 160/5 | €45,141 | €42,687 | -€2,454 | -5.4% |
| Other liabilities and charges | 164/5 | €45,141 | €42,687 | -€2,454 | -5.4% |
| Amounts payable | 17/49 | €1,016,997 | €958,609 | -€58,388 | -5.7% |
| Amounts payable after more than one year | 17 | €536,969 | €478,836 | -€58,133 | -10.8% |
| Financial debts | 170/4 | €536,969 | €478,836 | -€58,133 | -10.8% |
| Amounts payable within one year | 42/48 | €480,028 | €479,773 | -€255 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €56,726 | €58,133 | +€1,408 | +2.5% |
| Trade debts | 44 | €31,447 | €31,741 | +€293 | +0.9% |
| Suppliers | 440/4 | €31,447 | €31,741 | +€293 | +0.9% |
| Other amounts payable | 47/48 | €391,855 | €389,899 | -€1,956 | -0.5% |
| Non-recurring operating income | 76A | €0 | - | -€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,126 | €82,632 | -€22,495 | -21.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€2,454 | -€2,454 | = | 0.0% |
| Other operating charges | 640/8 | €39,205 | €37,237 | -€1,968 | -5.0% |
| Gross operating margin | 9900 | €107,602 | €671,542 | +€563,940 | +524.1% |
| Operating profit (loss) | 9901 | -€34,275 | €554,128 | +€588,403 | |
| Financial income | 75/76B | €11 | - | -€11 | |
| Recurring financial income | 75 | €11 | - | -€11 | |
| Financial charges | 65/66B | €17,550 | €16,209 | -€1,341 | -7.6% |
| Recurring financial charges | 65 | €17,550 | €16,209 | -€1,341 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | -€51,815 | €537,919 | +€589,734 | |
| Income taxes | 67/77 | €2 | - | -€2 | |
| Profit (loss) for the period | 9904 | -€51,816 | €537,919 | +€589,735 | |
| Profit (loss) for the period to be appropriated | 9905 | -€51,816 | €537,919 | +€589,735 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.