IMMO ATC: 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 ATC
Largest movements
- Tangible fixed assets -€24,657
down €24,657 (-4.2%), from €589,116 to €564,459
- Cash -€15,529
down €15,529 (-13.5%), from €114,777 to €99,248
mainly Net result for the year (-€19,579) and Receivables within one year (-€14,392)
- Receivables within one year +€14,392
up €14,392 (+2,587%), from €556 to €14,949
- Reserves -€19,579
down €19,579 (-3.6%), from €543,832 to €524,253
of which Tax-exempt reserves: -€11,701
- Gross operating margin -€6,746
down €6,746 (-59.0%), from €11,428 to €4,683
- Depreciation +€2,109
up €2,109 (+9.4%), from €22,548 to €24,657
- Other operating charges +€390
up €390 (+12.5%), from €3,115 to €3,506
- Taxes +€313
up €313, from -€313 to €0
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 | €704,449 | €678,742 | -€25,708 | -3.6% |
| Fixed assets | 21/28 | €589,116 | €564,459 | -€24,657 | -4.2% |
| Tangible fixed assets | 22/27 | €589,116 | €564,459 | -€24,657 | -4.2% |
| Land and buildings | 22 | €589,116 | €564,459 | -€24,657 | -4.2% |
| Current assets | 29/58 | €115,333 | €114,283 | -€1,050 | -0.9% |
| Amounts receivable within one year | 40/41 | €556 | €14,949 | +€14,392 | +2,587% |
| Trade receivables | 40 | €556 | €14,949 | +€14,392 | +2,587% |
| Cash at bank and in hand | 54/58 | €114,777 | €99,248 | -€15,529 | -13.5% |
| Deferred charges and accrued income | 490/1 | €0 | €86 | +€86 | |
| Total equity and liabilities | 10/49 | €704,449 | €678,742 | -€25,708 | -3.6% |
| Equity | 10/15 | €605,332 | €585,753 | -€19,579 | -3.2% |
| 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 | €543,832 | €524,253 | -€19,579 | -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 | €269,667 | €257,966 | -€11,701 | -4.3% |
| Distributable reserves | 133 | €268,016 | €260,137 | -€7,878 | -2.9% |
| Provisions and deferred taxes | 16 | €89,889 | €85,989 | -€3,900 | -4.3% |
| Deferred taxes | 168 | €89,889 | €85,989 | -€3,900 | -4.3% |
| Amounts payable | 17/49 | €9,228 | €7,000 | -€2,228 | -24.1% |
| Amounts payable within one year | 42/48 | €9,228 | €7,000 | -€2,228 | -24.1% |
| Trade debts | 44 | €8,722 | €4,090 | -€4,633 | -53.1% |
| Suppliers | 440/4 | €8,722 | €4,090 | -€4,633 | -53.1% |
| Taxes, remuneration and social security | 45 | €357 | €2,762 | +€2,405 | +673% |
| Taxes | 450/3 | €357 | €2,762 | +€2,405 | +673% |
| Other amounts payable | 47/48 | €148 | €148 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,548 | €24,657 | +€2,109 | +9.4% |
| Other operating charges | 640/8 | €3,115 | €3,506 | +€390 | +12.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €11,428 | €4,683 | -€6,746 | -59.0% |
| Operating profit (loss) | 9901 | -€14,235 | -€23,481 | -€9,245 | -64.9% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Profit (loss) for the period before taxes | 9903 | -€14,235 | -€23,480 | -€9,244 | -64.9% |
| Transfer from deferred taxes | 780 | €3,900 | €3,900 | = | 0.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | -€313 | €0 | +€313 | |
| Profit (loss) for the period | 9904 | -€10,022 | -€19,579 | -€9,557 | -95.4% |
| Transfer from tax-exempt reserves | 789 | €11,701 | €11,701 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €1,679 | -€7,878 | -€9,557 |
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 22 October 2026 via checked.be.