N&A IMMO: 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.
N&A IMMO
Largest movements
- Tangible fixed assets -€36,926
down €36,926 (-4.3%), from €857,959 to €821,033
of which Plant, machinery and equipment: -€22,439
- Debts after one year -€27,720
down €27,720 (-9.8%), from €283,832 to €256,112
- Other operating charges +€11,753
up €11,753 (+255.7%), from €4,597 to €16,350
- Gross operating margin +€7,313
up €7,313 (+11.3%), from €64,559 to €71,871
- Taxes -€947
down €947 (-34.8%), from €2,720 to €1,774
- Financial charges -€803
down €803 (-6.6%), from €12,214 to €11,411
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 | €927,654 | €892,050 | -€35,605 | -3.8% |
| Fixed assets | 21/28 | €857,959 | €821,033 | -€36,926 | -4.3% |
| Tangible fixed assets | 22/27 | €857,959 | €821,033 | -€36,926 | -4.3% |
| Land and buildings | 22 | €667,012 | €653,328 | -€13,684 | -2.1% |
| Plant, machinery and equipment | 23 | €189,366 | €166,927 | -€22,439 | -11.8% |
| Furniture and vehicles | 24 | €1,581 | €778 | -€804 | -50.8% |
| Current assets | 29/58 | €69,695 | €71,017 | +€1,322 | +1.9% |
| Amounts receivable within one year | 40/41 | €33,950 | €33,242 | -€709 | -2.1% |
| Trade receivables | 40 | - | €1,210 | +€1,210 | |
| Other amounts receivable | 41 | €33,950 | €32,032 | -€1,919 | -5.7% |
| Cash at bank and in hand | 54/58 | €4,245 | €4,710 | +€465 | +10.9% |
| Deferred charges and accrued income | 490/1 | €31,500 | €33,066 | +€1,566 | +5.0% |
| Total equity and liabilities | 10/49 | €927,654 | €892,050 | -€35,605 | -3.8% |
| Equity | 10/15 | €312,315 | €316,560 | +€4,245 | +1.4% |
| Contributions | 10/11 | €246,140 | €246,140 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,175 | €70,420 | +€4,245 | +6.4% |
| Amounts payable | 17/49 | €615,339 | €575,490 | -€39,849 | -6.5% |
| Amounts payable after more than one year | 17 | €283,832 | €256,112 | -€27,720 | -9.8% |
| Financial debts | 170/4 | €283,832 | €256,112 | -€27,720 | -9.8% |
| Amounts payable within one year | 42/48 | €328,887 | €316,312 | -€12,575 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €30,695 | €39,829 | +€9,135 | +29.8% |
| Trade debts | 44 | €8,737 | €2,810 | -€5,927 | -67.8% |
| Suppliers | 440/4 | €8,737 | €2,810 | -€5,927 | -67.8% |
| Taxes, remuneration and social security | 45 | €13,887 | €4,835 | -€9,052 | -65.2% |
| Taxes | 450/3 | €13,887 | €4,835 | -€9,052 | -65.2% |
| Other amounts payable | 47/48 | €275,568 | €268,838 | -€6,731 | -2.4% |
| Accrued charges and deferred income | 492/3 | €2,621 | €3,066 | +€445 | +17.0% |
| Non-recurring operating income | 76A | - | €5,697 | +€5,697 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,734 | €38,093 | +€359 | +1.0% |
| Other operating charges | 640/8 | €4,597 | €16,350 | +€11,753 | +255.7% |
| Gross operating margin | 9900 | €64,559 | €71,871 | +€7,313 | +11.3% |
| Operating profit (loss) | 9901 | €22,228 | €17,429 | -€4,799 | -21.6% |
| Financial charges | 65/66B | €12,214 | €11,411 | -€803 | -6.6% |
| Recurring financial charges | 65 | €12,214 | €11,411 | -€803 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €10,014 | €6,018 | -€3,996 | -39.9% |
| Income taxes | 67/77 | €2,720 | €1,774 | -€947 | -34.8% |
| Profit (loss) for the period | 9904 | €7,294 | €4,245 | -€3,049 | -41.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,294 | €4,245 | -€3,049 | -41.8% |
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 11 October 2026 via checked.be.