Immo Robert Alexander: 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 Robert Alexander
Largest movements
- Tangible fixed assets -€6,268
down €6,268 (-3.7%), from €168,668 to €162,400
of which Leasing and similar rights: -€10,374
- Debts after one year -€14,280
down €14,280 (-11.9%), from €119,941 to €105,661
- Other debts -€8,453
down €8,453 (-28.0%), from €30,210 to €21,756
- Trade debts +€7,094
up €7,094 (+205%), from €3,459 to €10,553
- Current portion of long-term debt +€3,905
up €3,905 (+51.6%), from €7,565 to €11,470
- Reserves +€2,872
up €2,872 (+5.2%), from €55,129 to €58,001
- Depreciation +€3,227
up €3,227 (+19.2%), from €16,795 to €20,022
- Financial charges +€1,735
up €1,735 (+101%), from €1,717 to €3,451
of which Financial charges: +€1,711
- Taxes -€1,272
down €1,272 (-48.6%), from €2,616 to €1,345
- Gross operating margin +€434
up €434 (+1.5%), from €28,699 to €29,132
- Other operating charges -€305
down €305 (-17.1%), from €1,790 to €1,484
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 | €218,804 | €210,799 | -€8,005 | -3.7% |
| Fixed assets | 21/28 | €168,668 | €162,400 | -€6,268 | -3.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €168,668 | €162,400 | -€6,268 | -3.7% |
| Land and buildings | 22 | €108,913 | €104,433 | -€4,480 | -4.1% |
| Plant, machinery and equipment | 23 | €13,359 | €20,392 | +€7,033 | +52.6% |
| Furniture and vehicles | 24 | - | €3,507 | +€3,507 | |
| Leasing and similar rights | 25 | €33,794 | €23,420 | -€10,374 | -30.7% |
| Other tangible fixed assets | 26 | €12,603 | €10,649 | -€1,954 | -15.5% |
| Current assets | 29/58 | €50,136 | €48,399 | -€1,737 | -3.5% |
| Amounts receivable within one year | 40/41 | €15,899 | €15,604 | -€295 | -1.9% |
| Trade receivables | 40 | €10,167 | €12,948 | +€2,782 | +27.4% |
| Other amounts receivable | 41 | €5,732 | €2,655 | -€3,077 | -53.7% |
| Cash at bank and in hand | 54/58 | €32,483 | €30,995 | -€1,488 | -4.6% |
| Deferred charges and accrued income | 490/1 | €1,754 | €1,800 | +€46 | +2.6% |
| Total equity and liabilities | 10/49 | €218,804 | €210,799 | -€8,005 | -3.7% |
| Equity | 10/15 | €57,629 | €60,501 | +€2,872 | +5.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €55,129 | €58,001 | +€2,872 | +5.2% |
| Distributable reserves | 133 | €55,129 | €58,001 | +€2,872 | +5.2% |
| Amounts payable | 17/49 | €161,175 | €150,298 | -€10,877 | -6.7% |
| Amounts payable after more than one year | 17 | €119,941 | €105,661 | -€14,280 | -11.9% |
| Financial debts | 170/4 | €119,941 | €105,661 | -€14,280 | -11.9% |
| Amounts payable within one year | 42/48 | €41,234 | €44,637 | +€3,403 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €7,565 | €11,470 | +€3,905 | +51.6% |
| Trade debts | 44 | €3,459 | €10,553 | +€7,094 | +205% |
| Suppliers | 440/4 | €3,459 | €10,553 | +€7,094 | +205% |
| Taxes, remuneration and social security | 45 | - | €858 | +€858 | |
| Taxes | 450/3 | - | €858 | +€858 | |
| Other amounts payable | 47/48 | €30,210 | €21,756 | -€8,453 | -28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,795 | €20,022 | +€3,227 | +19.2% |
| Other operating charges | 640/8 | €1,790 | €1,484 | -€305 | -17.1% |
| Gross operating margin | 9900 | €28,699 | €29,132 | +€434 | +1.5% |
| Operating profit (loss) | 9901 | €10,114 | €7,626 | -€2,487 | -24.6% |
| Financial income | 75/76B | €40 | €41 | +€1 | +1.9% |
| Recurring financial income | 75 | €40 | €41 | +€1 | +1.9% |
| Financial charges | 65/66B | €1,717 | €3,451 | +€1,735 | +101% |
| Recurring financial charges | 65 | €1,717 | €3,428 | +€1,711 | +99.7% |
| Non-recurring financial charges | 66B | - | €24 | +€24 | |
| Profit (loss) for the period before taxes | 9903 | €8,438 | €4,216 | -€4,222 | -50.0% |
| Income taxes | 67/77 | €2,616 | €1,345 | -€1,272 | -48.6% |
| Profit (loss) for the period | 9904 | €5,821 | €2,872 | -€2,950 | -50.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,821 | €2,872 | -€2,950 | -50.7% |
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 15 October 2026 via checked.be.