IMMO AZA: 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 AZA
Largest movements
- Stocks and contracts -€853,458
down €853,458 (-100.0%), from €853,458 to €0
of which Stocks: -€791,749
- Current investments +€200,000
up €200,000, from €0 to €200,000
- Tangible fixed assets -€61,238
down €61,238 (-4.2%), from €1.5m to €1.4m
of which Land and buildings: -€60,718
- Current portion of long-term debt -€400,543
down €400,543 (-93.7%), from €427,349 to €26,807
- Debts after one year -€113,508
down €113,508 (-7.1%), from €1.6m to €1.5m
- Profit (loss) carried forward -€83,874
down €83,874, from €8,799 to -€75,074
- Trade debts -€77,459
down €77,459 (-74.9%), from €103,414 to €25,955
- Other debts -€28,307
down €28,307 (-18.8%), from €150,287 to €121,980
- Gross operating margin -€98,713
down €98,713 (-99.4%), from €99,332 to €619
- Staff costs -€59,432
down €59,432 (-93.8%), from €63,355 to €3,923
- Financial income -€3,161
down €3,161 (-56.8%), from €5,566 to €2,405
- Financial charges -€2,592
down €2,592 (-9.0%), from €28,877 to €26,284
- Other operating charges +€2,256
up €2,256 (+50.8%), from €4,436 to €6,692
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 | €2,411,111 | €1,692,428 | -€718,683 | -29.8% |
| Fixed assets | 21/28 | €1,467,605 | €1,406,368 | -€61,238 | -4.2% |
| Tangible fixed assets | 22/27 | €1,467,420 | €1,406,183 | -€61,238 | -4.2% |
| Land and buildings | 22 | €1,466,901 | €1,406,183 | -€60,718 | -4.1% |
| Plant, machinery and equipment | 23 | €520 | €0 | -€520 | -100.0% |
| Financial fixed assets | 28 | €185 | €185 | = | 0.0% |
| Current assets | 29/58 | €943,505 | €286,060 | -€657,445 | -69.7% |
| Stocks and contracts in progress | 3 | €853,458 | €0 | -€853,458 | -100.0% |
| Stocks | 30/36 | €791,749 | €0 | -€791,749 | -100.0% |
| Contracts in progress | 37 | €61,709 | €0 | -€61,709 | -100.0% |
| Amounts receivable within one year | 40/41 | €20,443 | €3,708 | -€16,735 | -81.9% |
| Trade receivables | 40 | €17,754 | €0 | -€17,754 | -100.0% |
| Other amounts receivable | 41 | €2,690 | €3,708 | +€1,018 | +37.9% |
| Current investments | 50/53 | €0 | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €63,457 | €79,005 | +€15,548 | +24.5% |
| Deferred charges and accrued income | 490/1 | €6,148 | €3,347 | -€2,801 | -45.6% |
| Total equity and liabilities | 10/49 | €2,411,111 | €1,692,428 | -€718,683 | -29.8% |
| Equity | 10/15 | €111,628 | €27,755 | -€83,874 | -75.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €2,829 | €2,829 | = | 0.0% |
| Distributable reserves | 133 | €2,829 | €2,829 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,799 | -€75,074 | -€83,874 | |
| Amounts payable | 17/49 | €2,299,482 | €1,664,673 | -€634,810 | -27.6% |
| Amounts payable after more than one year | 17 | €1,595,253 | €1,481,745 | -€113,508 | -7.1% |
| Financial debts | 170/4 | €1,595,253 | €1,481,745 | -€113,508 | -7.1% |
| Amounts payable within one year | 42/48 | €691,392 | €182,928 | -€508,465 | -73.5% |
| Current portion of amounts payable after more than one year | 42 | €427,349 | €26,807 | -€400,543 | -93.7% |
| Trade debts | 44 | €103,414 | €25,955 | -€77,459 | -74.9% |
| Suppliers | 440/4 | €103,414 | €25,955 | -€77,459 | -74.9% |
| Taxes, remuneration and social security | 45 | €10,342 | €8,186 | -€2,156 | -20.8% |
| Taxes | 450/3 | €10,337 | €8,186 | -€2,151 | -20.8% |
| Remuneration and social security | 454/9 | €5 | €0 | -€5 | -100.0% |
| Other amounts payable | 47/48 | €150,287 | €121,980 | -€28,307 | -18.8% |
| Accrued charges and deferred income | 492/3 | €12,837 | €0 | -€12,837 | -100.0% |
| Non-recurring operating income | 76A | - | €843 | +€843 | |
| Remuneration, social security and pensions | 62 | €63,355 | €3,923 | -€59,432 | -93.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,740 | €47,560 | -€179 | -0.4% |
| Other operating charges | 640/8 | €4,436 | €6,692 | +€2,256 | +50.8% |
| Non-recurring operating charges | 66A | - | €2,438 | +€2,438 | |
| Gross operating margin | 9900 | €99,332 | €619 | -€98,713 | -99.4% |
| Operating profit (loss) | 9901 | -€16,199 | -€59,994 | -€43,795 | -270.4% |
| Financial income | 75/76B | €5,566 | €2,405 | -€3,161 | -56.8% |
| Recurring financial income | 75 | €5,566 | €2,405 | -€3,161 | -56.8% |
| Financial charges | 65/66B | €28,877 | €26,284 | -€2,592 | -9.0% |
| Recurring financial charges | 65 | €28,877 | €26,284 | -€2,592 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | -€39,510 | -€83,874 | -€44,364 | -112.3% |
| Profit (loss) for the period | 9904 | -€39,510 | -€83,874 | -€44,364 | -112.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,510 | -€83,874 | -€44,364 | -112.3% |
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 8 October 2026 via checked.be.