3S IMMO: 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.
3S IMMO
Largest movements
- Tangible fixed assets +€95,943
up €95,943 (+25.2%), from €380,190 to €476,133
of which Plant, machinery and equipment: +€104,613
- Cash -€9,602
down €9,602 (-97.9%), from €9,810 to €207
mainly Investment in fixed assets (net) (-€116,695) and Net result for the year (-€83,216)
- Other debts +€98,819
up €98,819 (+94.1%), from €105,000 to €203,819
- Profit (loss) carried forward -€83,216
down €83,216 (-109.0%), from -€76,379 to -€159,595
- Debts after one year +€42,853
up €42,853 (+12.0%), from €357,144 to €399,997
- Current portion of long-term debt +€16,502
new in 2024: €16,502
- Trade debts +€11,456
new in 2024: €11,456
- Depreciation -€29,920
down €29,920 (-59.0%), from €50,672 to €20,752
- Gross operating margin -€27,733
down €27,733 (-145.5%), from -€19,066 to -€46,799
- Financial charges +€11,115
up €11,115 (+267.0%), from €4,162 to €15,277
- Other operating charges -€1,201
down €1,201 (-75.6%), from €1,588 to €387
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €390,765 | €477,179 | +€86,415 | +22.1% |
| Fixed assets | 21/28 | €380,190 | €476,133 | +€95,943 | +25.2% |
| Tangible fixed assets | 22/27 | €380,190 | €476,133 | +€95,943 | +25.2% |
| Land and buildings | 22 | €337,411 | €328,741 | -€8,670 | -2.6% |
| Plant, machinery and equipment | 23 | €42,779 | €147,392 | +€104,613 | +244.5% |
| Current assets | 29/58 | €10,575 | €1,047 | -€9,528 | -90.1% |
| Cash at bank and in hand | 54/58 | €9,810 | €207 | -€9,602 | -97.9% |
| Deferred charges and accrued income | 490/1 | €765 | €840 | +€74 | +9.7% |
| Total equity and liabilities | 10/49 | €390,765 | €477,179 | +€86,415 | +22.1% |
| Equity | 10/15 | -€71,379 | -€154,595 | -€83,216 | -116.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€76,379 | -€159,595 | -€83,216 | -109.0% |
| Amounts payable | 17/49 | €462,144 | €631,774 | +€169,630 | +36.7% |
| Amounts payable after more than one year | 17 | €357,144 | €399,997 | +€42,853 | +12.0% |
| Financial debts | 170/4 | €357,144 | €399,997 | +€42,853 | +12.0% |
| Amounts payable within one year | 42/48 | €105,000 | €231,777 | +€126,777 | +120.7% |
| Current portion of amounts payable after more than one year | 42 | - | €16,502 | +€16,502 | |
| Trade debts | 44 | - | €11,456 | +€11,456 | |
| Suppliers | 440/4 | - | €11,456 | +€11,456 | |
| Other amounts payable | 47/48 | €105,000 | €203,819 | +€98,819 | +94.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,672 | €20,752 | -€29,920 | -59.0% |
| Other operating charges | 640/8 | €1,588 | €387 | -€1,201 | -75.6% |
| Non-recurring operating charges | 66A | €500 | - | -€500 | |
| Gross operating margin | 9900 | -€19,066 | -€46,799 | -€27,733 | -145.5% |
| Operating profit (loss) | 9901 | -€71,826 | -€67,939 | +€3,887 | +5.4% |
| Financial charges | 65/66B | €4,162 | €15,277 | +€11,115 | +267.0% |
| Recurring financial charges | 65 | €4,162 | €15,277 | +€11,115 | +267.0% |
| Profit (loss) for the period before taxes | 9903 | -€75,988 | -€83,216 | -€7,227 | -9.5% |
| Profit (loss) for the period | 9904 | -€75,988 | -€83,216 | -€7,227 | -9.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€75,988 | -€83,216 | -€7,227 | -9.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.