BSM 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.
BSM Immo
Largest movements
- Tangible fixed assets -€15,445
down €15,445 (-3.9%), from €393,989 to €378,544
of which Land and buildings: -€15,445
- Debts after one year -€24,429
down €24,429 (-7.8%), from €311,464 to €287,035
- Other debts +€6,268
up €6,268 (+37.7%), from €16,613 to €22,881
- Profit (loss) carried forward +€4,994
up €4,994 (+11.6%), from €42,898 to €47,892
- Gross operating margin -€5,901
down €5,901 (-19.4%), from €30,409 to €24,508
- Other operating charges -€2,876
down €2,876 (-87.8%), from €3,276 to €400
- Financial charges +€1,164
up €1,164 (+24.8%), from €4,688 to €5,852
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 | €402,227 | €389,070 | -€13,157 | -3.3% |
| Fixed assets | 21/28 | €393,989 | €378,544 | -€15,445 | -3.9% |
| Tangible fixed assets | 22/27 | €393,989 | €378,544 | -€15,445 | -3.9% |
| Land and buildings | 22 | €393,956 | €378,511 | -€15,445 | -3.9% |
| Furniture and vehicles | 24 | €33 | €33 | = | 0.0% |
| Current assets | 29/58 | €8,238 | €10,526 | +€2,288 | +27.8% |
| Amounts receivable within one year | 40/41 | €5,019 | €8,820 | +€3,801 | +75.7% |
| Trade receivables | 40 | €1,852 | €711 | -€1,141 | -61.6% |
| Other amounts receivable | 41 | €3,167 | €8,109 | +€4,942 | +156.0% |
| Cash at bank and in hand | 54/58 | €3,219 | €1,706 | -€1,513 | -47.0% |
| Total equity and liabilities | 10/49 | €402,227 | €389,070 | -€13,157 | -3.3% |
| Equity | 10/15 | €49,718 | €54,712 | +€4,994 | +10.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €31,000 | €31,000 | = | 0.0% |
| Uncalled capital | 101 | €24,800 | €24,800 | = | 0.0% |
| Reserves | 13 | €620 | €620 | = | 0.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Legal reserve | 130 | €620 | €620 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,898 | €47,892 | +€4,994 | +11.6% |
| Amounts payable | 17/49 | €352,509 | €334,358 | -€18,151 | -5.1% |
| Amounts payable after more than one year | 17 | €311,464 | €287,035 | -€24,429 | -7.8% |
| Financial debts | 170/4 | €311,464 | €287,035 | -€24,429 | -7.8% |
| Amounts payable within one year | 42/48 | €41,045 | €47,323 | +€6,278 | +15.3% |
| Current portion of amounts payable after more than one year | 42 | €24,432 | €24,442 | +€10 | 0.0% |
| Other amounts payable | 47/48 | €16,613 | €22,881 | +€6,268 | +37.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,262 | €13,262 | = | 0.0% |
| Other operating charges | 640/8 | €3,276 | €400 | -€2,876 | -87.8% |
| Gross operating margin | 9900 | €30,409 | €24,508 | -€5,901 | -19.4% |
| Operating profit (loss) | 9901 | €13,871 | €10,846 | -€3,025 | -21.8% |
| Financial charges | 65/66B | €4,688 | €5,852 | +€1,164 | +24.8% |
| Recurring financial charges | 65 | €4,688 | €5,852 | +€1,164 | +24.8% |
| Profit (loss) for the period before taxes | 9903 | €9,183 | €4,994 | -€4,189 | -45.6% |
| Profit (loss) for the period | 9904 | €9,183 | €4,994 | -€4,189 | -45.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,183 | €4,994 | -€4,189 | -45.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.