IMMO BELLE ALLIANCE: 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 BELLE ALLIANCE
Largest movements
- Tangible fixed assets -€665,089
down €665,089 (-3.8%), from €17.3m to €16.6m
- Debts after one year -€866,667
down €866,667 (-10.3%), from €8.4m to €7.6m
- Profit (loss) carried forward -€621,072
down €621,072 (-28.0%), from -€2.2m to -€2.8m
- Other debts +€522,614
up €522,614 (+14.2%), from €3.7m to €4.2m
- Short-term financial debts +€300,880
new in 2025: €300,880
- Depreciation +€156,644
up €156,644 (+30.8%), from €508,445 to €665,089
- Financial charges -€98,943
down €98,943 (-11.4%), from €868,250 to €769,307
- Other operating charges -€34,307
down €34,307 (-35.3%), from €97,156 to €62,849
- Turnover +€24,352
up €24,352 (+3.1%), from €793,616 to €817,968
- Gross operating margin -€13,217
down €13,217 (-1.5%), from €889,389 to €876,173
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
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 | €17,318,392 | €16,617,111 | -€701,281 | -4.0% |
| Fixed assets | 21/28 | €17,282,200 | €16,617,111 | -€665,089 | -3.8% |
| Tangible fixed assets | 22/27 | €17,282,200 | €16,617,111 | -€665,089 | -3.8% |
| Land and buildings | 22 | €17,282,200 | €16,617,111 | -€665,089 | -3.8% |
| Current assets | 29/58 | €36,192 | - | -€36,192 | |
| Amounts receivable within one year | 40/41 | €36,192 | - | -€36,192 | |
| Trade receivables | 40 | €36,192 | - | -€36,192 | |
| Total equity and liabilities | 10/49 | €17,318,392 | €16,617,111 | -€701,281 | -4.0% |
| Equity | 10/15 | €4,288,222 | €3,667,150 | -€621,072 | -14.5% |
| Contributions | 10/11 | €920,000 | €920,000 | = | 0.0% |
| Revaluation surpluses | 12 | €5,589,478 | €5,431,268 | -€158,210 | -2.8% |
| Reserves | 13 | - | €158,210 | +€158,210 | |
| Distributable reserves | 133 | - | €158,210 | +€158,210 | |
| Profit (loss) carried forward | 14 | -€2,221,256 | -€2,842,328 | -€621,072 | -28.0% |
| Amounts payable | 17/49 | €13,030,170 | €12,949,961 | -€80,209 | -0.6% |
| Amounts payable after more than one year | 17 | €8,450,000 | €7,583,333 | -€866,667 | -10.3% |
| Financial debts | 170/4 | €8,450,000 | €7,583,333 | -€866,667 | -10.3% |
| Amounts payable within one year | 42/48 | €4,579,931 | €5,366,238 | +€786,306 | +17.2% |
| Current portion of amounts payable after more than one year | 42 | €866,667 | €866,667 | = | 0.0% |
| Financial debts | 43 | - | €300,880 | +€300,880 | |
| Credit institutions | 430/8 | - | €300,880 | +€300,880 | |
| Trade debts | 44 | €37,187 | - | -€37,187 | |
| Suppliers | 440/4 | €37,187 | - | -€37,187 | |
| Other amounts payable | 47/48 | €3,676,077 | €4,198,691 | +€522,614 | +14.2% |
| Accrued charges and deferred income | 492/3 | €239 | €390 | +€151 | +63.3% |
| Turnover | 70 | €793,616 | €817,968 | +€24,352 | +3.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €388 | €3,673 | +€3,285 | +846% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €508,445 | €665,089 | +€156,644 | +30.8% |
| Other operating charges | 640/8 | €97,156 | €62,849 | -€34,307 | -35.3% |
| Gross operating margin | 9900 | €889,389 | €876,173 | -€13,217 | -1.5% |
| Operating profit (loss) | 9901 | €283,788 | €148,235 | -€135,553 | -47.8% |
| Financial charges | 65/66B | €868,250 | €769,307 | -€98,943 | -11.4% |
| Recurring financial charges | 65 | €868,250 | €769,307 | -€98,943 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | -€584,462 | -€621,072 | -€36,610 | -6.3% |
| Profit (loss) for the period | 9904 | -€584,462 | -€621,072 | -€36,610 | -6.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€584,462 | -€621,072 | -€36,610 | -6.3% |
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 24 October 2026 via checked.be.