GLOBAL S'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.
GLOBAL S'IMMO
Largest movements
- Cash +€298,016
up €298,016 (+653%), from €45,649 to €343,665
mainly Investment in fixed assets (net) (+€227,575) and Depreciation (+€62,456)
- Tangible fixed assets -€290,592
down €290,592 (-29.0%), from €1.0m to €711,719
of which Land and buildings: -€285,492
- Profit (loss) carried forward +€54,781
up €54,781 (+7.3%), from €746,312 to €801,093
- Debts after one year -€37,333
down €37,333 (-31.1%), from €119,888 to €82,554
- Purchases and services -€42,982
no longer reported in 2025 (was €42,982)
- Gross operating margin +€26,379
up €26,379 (+19.4%), from €135,969 to €162,348
- Taxes +€13,225
up €13,225 (+220%), from €6,012 to €19,237
- Financial charges -€12,936
down €12,936 (-73.3%), from €17,655 to €4,719
- Depreciation -€10,073
down €10,073 (-13.9%), from €72,529 to €62,456
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.
Derived cash bridge
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 | €1,069,800 | €1,076,556 | +€6,756 | +0.6% |
| Fixed assets | 21/28 | €1,004,477 | €714,447 | -€290,031 | -28.9% |
| Tangible fixed assets | 22/27 | €1,002,311 | €711,719 | -€290,592 | -29.0% |
| Land and buildings | 22 | €980,322 | €694,830 | -€285,492 | -29.1% |
| Furniture and vehicles | 24 | €21,989 | €16,889 | -€5,100 | -23.2% |
| Financial fixed assets | 28 | €2,166 | €2,728 | +€562 | +25.9% |
| Current assets | 29/58 | €65,322 | €362,109 | +€296,787 | +454% |
| Amounts receivable within one year | 40/41 | €19,673 | €17,173 | -€2,500 | -12.7% |
| Trade receivables | 40 | €9,299 | €16,026 | +€6,727 | +72.3% |
| Other amounts receivable | 41 | €10,374 | €1,147 | -€9,227 | -88.9% |
| Cash at bank and in hand | 54/58 | €45,649 | €343,665 | +€298,016 | +653% |
| Deferred charges and accrued income | 490/1 | - | €1,271 | +€1,271 | |
| Total equity and liabilities | 10/49 | €1,069,800 | €1,076,556 | +€6,756 | +0.6% |
| Equity | 10/15 | €867,290 | €922,071 | +€54,781 | +6.3% |
| Contributions | 10/11 | €25,066 | €25,066 | = | 0.0% |
| Reserves | 13 | €95,913 | €95,913 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,507 | €2,507 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,507 | €2,507 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,559 | €22,559 | = | 0.0% |
| Distributable reserves | 133 | €70,847 | €70,847 | = | 0.0% |
| Profit (loss) carried forward | 14 | €746,312 | €801,093 | +€54,781 | +7.3% |
| Amounts payable | 17/49 | €202,509 | €154,485 | -€48,024 | -23.7% |
| Amounts payable after more than one year | 17 | €119,888 | €82,554 | -€37,333 | -31.1% |
| Financial debts | 170/4 | €119,888 | €82,554 | -€37,333 | -31.1% |
| Amounts payable within one year | 42/48 | €82,622 | €71,931 | -€10,691 | -12.9% |
| Current portion of amounts payable after more than one year | 42 | €37,333 | €37,333 | = | 0.0% |
| Trade debts | 44 | €8,450 | €6,481 | -€1,969 | -23.3% |
| Suppliers | 440/4 | €8,450 | €6,481 | -€1,969 | -23.3% |
| Taxes, remuneration and social security | 45 | €13,989 | €5,267 | -€8,722 | -62.3% |
| Taxes | 450/3 | €13,989 | €5,267 | -€8,722 | -62.3% |
| Other amounts payable | 47/48 | €22,849 | €22,849 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €42,982 | - | -€42,982 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,529 | €62,456 | -€10,073 | -13.9% |
| Other operating charges | 640/8 | €20,526 | €21,158 | +€632 | +3.1% |
| Gross operating margin | 9900 | €135,969 | €162,348 | +€26,379 | +19.4% |
| Operating profit (loss) | 9901 | €42,915 | €78,734 | +€35,820 | +83.5% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €17,655 | €4,719 | -€12,936 | -73.3% |
| Recurring financial charges | 65 | €17,655 | €4,719 | -€12,936 | -73.3% |
| Profit (loss) for the period before taxes | 9903 | €25,260 | €74,017 | +€48,758 | +193% |
| Income taxes | 67/77 | €6,012 | €19,237 | +€13,225 | +220% |
| Profit (loss) for the period | 9904 | €19,248 | €54,781 | +€35,533 | +185% |
| Profit (loss) for the period to be appropriated | 9905 | €19,248 | €54,781 | +€35,533 | +185% |
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 21 October 2026 via checked.be.