The Avenue Immo: what changed
What changed
The Avenue Immo
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
€44,562
2024 · €62,277-€17,714
Equity
€59,563
2024 · €194,121-€134,559
Cash
€16,161
2024 · €4,517+€11,644
Balance sheet total
€1.5m
2024 · €1.6m-€30,328
Largest movements
Assets
- Tangible fixed assets -€42,118
down €42,118 (-2.7%), from €1.6m to €1.5m
Equity and liabilities
- Other debts +€170,253
new in 2025: €170,253
- Profit (loss) carried forward -€134,559
down €134,559 (-75.1%), from €179,121 to €44,563
- Debts after one year -€70,000
down €70,000 (-5.4%), from €1.3m to €1.2m
Income statement
- Taxes +€14,854
new in 2025: €14,854
- Other operating charges +€2,091
up €2,091 (+30.7%), from €6,801 to €8,892
- Gross operating margin -€1,450
down €1,450 (-1.2%), from €122,408 to €120,958
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€62,277
Gross operating margin
-€1,450
Other operating charges
-€2,091
Financial charges
+€681
Taxes
-€14,854
Result 2025
€44,562
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€260,765
Investment
€0
Financing
-€249,121
Cash 2024
€4,517
From operations (derived)
+€260,765
Net result for the year
+€44,562
Depreciation
+€42,118
Smaller working-capital items
-€262
Trade debts
+€4,094
Other debts
+€170,253
Financing
-€249,121
Debts after one year
-€70,000
Contributions, distributions and other
-€179,121
Cash 2025
€16,161
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,567,372 | €1,537,045 | -€30,328 | -1.9% |
| Fixed assets | 21/28 | €1,562,856 | €1,520,738 | -€42,118 | -2.7% |
| Tangible fixed assets | 22/27 | €1,562,856 | €1,520,738 | -€42,118 | -2.7% |
| Land and buildings | 22 | €1,562,856 | €1,520,738 | -€42,118 | -2.7% |
| Current assets | 29/58 | €4,517 | €16,307 | +€11,790 | +261% |
| Amounts receivable within one year | 40/41 | - | €146 | +€146 | |
| Other amounts receivable | 41 | - | €146 | +€146 | |
| Cash at bank and in hand | 54/58 | €4,517 | €16,161 | +€11,644 | +258% |
| Total equity and liabilities | 10/49 | €1,567,372 | €1,537,045 | -€30,328 | -1.9% |
| Equity | 10/15 | €194,121 | €59,563 | -€134,559 | -69.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €179,121 | €44,563 | -€134,559 | -75.1% |
| Amounts payable | 17/49 | €1,373,251 | €1,477,482 | +€104,231 | +7.6% |
| Amounts payable after more than one year | 17 | €1,294,167 | €1,224,167 | -€70,000 | -5.4% |
| Financial debts | 170/4 | €1,294,167 | €1,224,167 | -€70,000 | -5.4% |
| Amounts payable within one year | 42/48 | €79,084 | €253,315 | +€174,231 | +220% |
| Current portion of amounts payable after more than one year | 42 | €70,000 | €70,000 | = | 0.0% |
| Trade debts | 44 | €2,400 | €6,495 | +€4,094 | +171% |
| Suppliers | 440/4 | €2,400 | €6,495 | +€4,094 | +171% |
| Taxes, remuneration and social security | 45 | €6,684 | €6,567 | -€116 | -1.7% |
| Taxes | 450/3 | €6,684 | €6,567 | -€116 | -1.7% |
| Other amounts payable | 47/48 | - | €170,253 | +€170,253 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,118 | €42,118 | = | 0.0% |
| Other operating charges | 640/8 | €6,801 | €8,892 | +€2,091 | +30.7% |
| Gross operating margin | 9900 | €122,408 | €120,958 | -€1,450 | -1.2% |
| Operating profit (loss) | 9901 | €73,489 | €69,948 | -€3,541 | -4.8% |
| Financial charges | 65/66B | €11,212 | €10,531 | -€681 | -6.1% |
| Recurring financial charges | 65 | €11,212 | €10,531 | -€681 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €62,277 | €59,416 | -€2,860 | -4.6% |
| Income taxes | 67/77 | - | €14,854 | +€14,854 | |
| Profit (loss) for the period | 9904 | €62,277 | €44,562 | -€17,714 | -28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €62,277 | €44,562 | -€17,714 | -28.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.