IMMO ATH: 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 ATH
Largest movements
- Tangible fixed assets -€38,000
down €38,000 (-4.2%), from €904,367 to €866,367
- Debts after one year -€53,781
down €53,781 (-6.8%), from €789,346 to €735,565
- Other debts +€40,727
up €40,727 (+72.8%), from €55,975 to €96,702
- Profit (loss) carried forward -€14,716
down €14,716 (-82.1%), from -€17,926 to -€32,642
- Gross operating margin +€42,463
up €42,463 (+121.9%), from €34,821 to €77,283
- Financial charges -€2,052
down €2,052 (-5.6%), from €36,545 to €34,493
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €904,367 | €873,867 | -€30,500 | -3.4% |
| Fixed assets | 21/28 | €904,367 | €866,367 | -€38,000 | -4.2% |
| Tangible fixed assets | 22/27 | €904,367 | €866,367 | -€38,000 | -4.2% |
| Land and buildings | 22 | €904,367 | €866,367 | -€38,000 | -4.2% |
| Current assets | 29/58 | - | €7,500 | +€7,500 | |
| Deferred charges and accrued income | 490/1 | - | €7,500 | +€7,500 | |
| Total equity and liabilities | 10/49 | €904,367 | €873,867 | -€30,500 | -3.4% |
| Equity | 10/15 | €2,534 | -€12,182 | -€14,716 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,926 | -€32,642 | -€14,716 | -82.1% |
| Amounts payable | 17/49 | €901,832 | €886,048 | -€15,784 | -1.8% |
| Amounts payable after more than one year | 17 | €789,346 | €735,565 | -€53,781 | -6.8% |
| Financial debts | 170/4 | €789,346 | €735,565 | -€53,781 | -6.8% |
| Amounts payable within one year | 42/48 | €112,486 | €150,484 | +€37,997 | +33.8% |
| Current portion of amounts payable after more than one year | 42 | €51,686 | €53,781 | +€2,095 | +4.1% |
| Financial debts | 43 | €4,825 | - | -€4,825 | |
| Credit institutions | 430/8 | €4,825 | - | -€4,825 | |
| Other amounts payable | 47/48 | €55,975 | €96,702 | +€40,727 | +72.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,000 | €38,000 | = | 0.0% |
| Other operating charges | 640/8 | €18,912 | €19,506 | +€594 | +3.1% |
| Gross operating margin | 9900 | €34,821 | €77,283 | +€42,463 | +121.9% |
| Operating profit (loss) | 9901 | -€22,091 | €19,777 | +€41,868 | |
| Financial charges | 65/66B | €36,545 | €34,493 | -€2,052 | -5.6% |
| Recurring financial charges | 65 | €36,545 | €34,493 | -€2,052 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | -€58,636 | -€14,716 | +€43,920 | +74.9% |
| Profit (loss) for the period | 9904 | -€58,636 | -€14,716 | +€43,920 | +74.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€58,636 | -€14,716 | +€43,920 | +74.9% |
Source: filed annual accounts (NBB), fiscal 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 October 2026 via checked.be.