Immo De Saeger: 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.
Immo De Saeger
Largest movements
- Tangible fixed assets -€22,826
down €22,826 (-17.1%), from €133,361 to €110,535
of which Land and buildings: -€22,826
- Deferred charges and accrued income +€16,422
up €16,422 (+135.2%), from €12,148 to €28,570
- Cash +€9,173
up €9,173 (+54.8%), from €16,725 to €25,898
mainly Depreciation (+€22,826) and Receivables within one year (+€4,837)
- Receivables within one year -€4,837
down €4,837 (-84.9%), from €5,696 to €859
of which Trade receivables: -€2,511
- Profit (loss) carried forward -€4,104
down €4,104 (-1.8%), from -€231,477 to -€235,581
- Gross operating margin -€10,260
down €10,260 (-28.4%), from €36,123 to €25,863
- Depreciation -€6,667
down €6,667 (-22.6%), from €29,493 to €22,826
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 | €167,930 | €165,862 | -€2,068 | -1.2% |
| Fixed assets | 21/28 | €133,361 | €110,535 | -€22,826 | -17.1% |
| Tangible fixed assets | 22/27 | €133,361 | €110,535 | -€22,826 | -17.1% |
| Land and buildings | 22 | €133,361 | €110,535 | -€22,826 | -17.1% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €34,569 | €55,326 | +€20,758 | +60.0% |
| Amounts receivable within one year | 40/41 | €5,696 | €859 | -€4,837 | -84.9% |
| Trade receivables | 40 | €2,696 | €185 | -€2,511 | -93.1% |
| Other amounts receivable | 41 | €3,000 | €674 | -€2,327 | -77.5% |
| Cash at bank and in hand | 54/58 | €16,725 | €25,898 | +€9,173 | +54.8% |
| Deferred charges and accrued income | 490/1 | €12,148 | €28,570 | +€16,422 | +135.2% |
| Total equity and liabilities | 10/49 | €167,930 | €165,862 | -€2,068 | -1.2% |
| Equity | 10/15 | €164,818 | €160,714 | -€4,104 | -2.5% |
| Contributions | 10/11 | €390,000 | €390,000 | = | 0.0% |
| Capital | 10 | €390,000 | €390,000 | = | 0.0% |
| Issued capital | 100 | €390,000 | €390,000 | = | 0.0% |
| Reserves | 13 | €6,295 | €6,295 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,295 | €6,295 | = | 0.0% |
| Legal reserve | 130 | €6,295 | €6,295 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€231,477 | -€235,581 | -€4,104 | -1.8% |
| Amounts payable | 17/49 | €3,112 | €5,148 | +€2,036 | +65.4% |
| Amounts payable within one year | 42/48 | €3,112 | €5,148 | +€2,036 | +65.4% |
| Trade debts | 44 | €2,607 | €3,396 | +€789 | +30.3% |
| Suppliers | 440/4 | €2,607 | €3,396 | +€789 | +30.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €349 | €959 | +€610 | +175.0% |
| Taxes | 450/3 | €349 | €959 | +€610 | +175.0% |
| Other amounts payable | 47/48 | €156 | €793 | +€637 | +408.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,493 | €22,826 | -€6,667 | -22.6% |
| Other operating charges | 640/8 | €6,662 | €6,874 | +€212 | +3.2% |
| Gross operating margin | 9900 | €36,123 | €25,863 | -€10,260 | -28.4% |
| Operating profit (loss) | 9901 | -€33 | -€3,837 | -€3,805 | -11585.3% |
| Financial charges | 65/66B | €182 | €267 | +€84 | +46.1% |
| Recurring financial charges | 65 | €182 | €267 | +€84 | +46.1% |
| Profit (loss) for the period before taxes | 9903 | -€215 | -€4,104 | -€3,889 | -1806.1% |
| Profit (loss) for the period | 9904 | -€215 | -€4,104 | -€3,889 | -1806.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€215 | -€4,104 | -€3,889 | -1806.1% |
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 12 October 2026 via checked.be.