BSR 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.
BSR IMMO
Largest movements
- Tangible fixed assets -€32,217
down €32,217 (-3.6%), from €886,710 to €854,493
- Debts after one year -€35,000
down €35,000 (-4.0%), from €878,000 to €843,000
- Accrued charges and deferred income +€17,367
up €17,367 (+36.3%), from €47,802 to €65,169
- Gross operating margin +€2,046
up €2,046 (+4.2%), from €48,566 to €50,612
- Other operating charges -€1,124
down €1,124 (-14.8%), from €7,575 to €6,451
- Financial charges -€935
down €935 (-5.1%), from €18,363 to €17,427
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 | €916,704 | €892,597 | -€24,107 | -2.6% |
| Fixed assets | 21/28 | €887,010 | €854,793 | -€32,217 | -3.6% |
| Tangible fixed assets | 22/27 | €886,710 | €854,493 | -€32,217 | -3.6% |
| Land and buildings | 22 | €886,710 | €854,493 | -€32,217 | -3.6% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €29,694 | €37,804 | +€8,110 | +27.3% |
| Amounts receivable within one year | 40/41 | €2,594 | €2,594 | = | 0.0% |
| Trade receivables | 40 | €2,594 | €2,594 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €26,979 | €35,083 | +€8,104 | +30.0% |
| Deferred charges and accrued income | 490/1 | €121 | €127 | +€7 | +5.5% |
| Total equity and liabilities | 10/49 | €916,704 | €892,597 | -€24,107 | -2.6% |
| Equity | 10/15 | -€12,695 | -€18,178 | -€5,484 | -43.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,695 | -€48,178 | -€5,484 | -12.8% |
| Amounts payable | 17/49 | €929,398 | €910,775 | -€18,623 | -2.0% |
| Amounts payable after more than one year | 17 | €878,000 | €843,000 | -€35,000 | -4.0% |
| Other amounts payable | 178/9 | €878,000 | €843,000 | -€35,000 | -4.0% |
| Amounts payable within one year | 42/48 | €3,596 | €2,606 | -€990 | -27.5% |
| Trade debts | 44 | €2,520 | €2,606 | +€86 | +3.4% |
| Suppliers | 440/4 | €2,520 | €2,606 | +€86 | +3.4% |
| Other amounts payable | 47/48 | €1,076 | - | -€1,076 | |
| Accrued charges and deferred income | 492/3 | €47,802 | €65,169 | +€17,367 | +36.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,217 | €32,217 | = | 0.0% |
| Other operating charges | 640/8 | €7,575 | €6,451 | -€1,124 | -14.8% |
| Gross operating margin | 9900 | €48,566 | €50,612 | +€2,046 | +4.2% |
| Operating profit (loss) | 9901 | €8,773 | €11,944 | +€3,170 | +36.1% |
| Financial charges | 65/66B | €18,363 | €17,427 | -€935 | -5.1% |
| Recurring financial charges | 65 | €18,363 | €17,427 | -€935 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,589 | -€5,484 | +€4,106 | +42.8% |
| Profit (loss) for the period | 9904 | -€9,589 | -€5,484 | +€4,106 | +42.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,589 | -€5,484 | +€4,106 | +42.8% |
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 9 October 2026 via checked.be.