IMMO-AVROY: 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-AVROY
Largest movements
- Cash +€52,605
up €52,605 (+24.6%), from €213,624 to €266,230
mainly Net result for the year (+€87,816) and Accrued charges and deferred income (+€21,429)
- Receivables within one year -€20,175
down €20,175 (-36.3%), from €55,515 to €35,339
- Tangible fixed assets -€17,960
down €17,960 (-14.3%), from €125,720 to €107,760
- Accrued charges and deferred income +€21,429
up €21,429 (+383%), from €5,600 to €27,029
- Gross operating margin -€8,996
down €8,996 (-5.1%), from €175,961 to €166,964
- Turnover -€6,692
down €6,692 (-3.3%), from €205,624 to €198,933
- Taxes -€2,437
down €2,437 (-7.7%), from €31,709 to €29,272
- Purchases and services +€2,187
up €2,187 (+7.3%), from €29,782 to €31,968
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 | €397,788 | €414,508 | +€16,720 | +4.2% |
| Fixed assets | 21/28 | €128,285 | €111,811 | -€16,475 | -12.8% |
| Tangible fixed assets | 22/27 | €125,720 | €107,760 | -€17,960 | -14.3% |
| Land and buildings | 22 | €125,720 | €107,760 | -€17,960 | -14.3% |
| Financial fixed assets | 28 | €2,565 | €4,050 | +€1,485 | +57.9% |
| Current assets | 29/58 | €269,503 | €302,697 | +€33,194 | +12.3% |
| Amounts receivable within one year | 40/41 | €55,515 | €35,339 | -€20,175 | -36.3% |
| Trade receivables | 40 | €55,515 | €35,339 | -€20,175 | -36.3% |
| Cash at bank and in hand | 54/58 | €213,624 | €266,230 | +€52,605 | +24.6% |
| Deferred charges and accrued income | 490/1 | €364 | €1,128 | +€764 | +210% |
| Total equity and liabilities | 10/49 | €397,788 | €414,508 | +€16,720 | +4.2% |
| Equity | 10/15 | €139,567 | €136,383 | -€3,184 | -2.3% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €15,620 | €12,436 | -€3,184 | -20.4% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Distributable reserves | 133 | €3,225 | €42 | -€3,184 | -98.7% |
| Amounts payable | 17/49 | €258,221 | €278,125 | +€19,903 | +7.7% |
| Amounts payable after more than one year | 17 | €16,150 | €16,150 | = | 0.0% |
| Other amounts payable | 178/9 | €16,150 | €16,150 | = | 0.0% |
| Amounts payable within one year | 42/48 | €236,471 | €234,946 | -€1,525 | -0.6% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €1,471 | €3,946 | +€2,475 | +168% |
| Taxes | 450/3 | €1,471 | €3,946 | +€2,475 | +168% |
| Other amounts payable | 47/48 | €235,000 | €231,000 | -€4,000 | -1.7% |
| Accrued charges and deferred income | 492/3 | €5,600 | €27,029 | +€21,429 | +383% |
| Turnover | 70 | €205,624 | €198,933 | -€6,692 | -3.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €29,782 | €31,968 | +€2,187 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,960 | €17,960 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €0 | = | |
| Other operating charges | 640/8 | €25,947 | €27,029 | +€1,082 | +4.2% |
| Gross operating margin | 9900 | €175,961 | €166,964 | -€8,996 | -5.1% |
| Operating profit (loss) | 9901 | €132,054 | €121,976 | -€10,078 | -7.6% |
| Financial income | 75/76B | €793 | €1,087 | +€294 | +37.1% |
| Recurring financial income | 75 | €793 | €1,087 | +€294 | +37.1% |
| Financial charges | 65/66B | €6,010 | €5,974 | -€36 | -0.6% |
| Recurring financial charges | 65 | €6,010 | €5,974 | -€36 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €126,837 | €117,089 | -€9,748 | -7.7% |
| Income taxes | 67/77 | €31,709 | €29,272 | -€2,437 | -7.7% |
| Profit (loss) for the period | 9904 | €95,128 | €87,816 | -€7,311 | -7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €95,128 | €87,816 | -€7,311 | -7.7% |
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 16 October 2026 via checked.be.