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
- Receivables within one year -€11,135
down €11,135 (-78.5%), from €14,190 to €3,055
of which Other amounts receivable: -€6,034
- Tangible fixed assets -€8,935
down €8,935 (-29.3%), from €30,526 to €21,591
- Cash +€6,094
up €6,094 (+1,504%), from €405 to €6,499
mainly Receivables within one year (+€11,135) and Depreciation (+€8,935)
- Current investments +€1,900
up €1,900 (+11.1%), from €17,100 to €19,000
- Debts after one year -€7,714
down €7,714 (-38.9%), from €19,848 to €12,134
- Reserves -€7,173
down €7,173 (-22.8%), from €31,394 to €24,221
of which Distributable reserves: -€7,173
- Other debts +€6,574
up €6,574 (+447%), from €1,471 to €8,045
- Tax, wage and social debts -€4,542
down €4,542 (-87.0%), from €5,218 to €677
of which Remuneration and social security: -€2,527
- Gross operating margin +€7,438
up €7,438 (+141%), from €5,290 to €12,728
- Taxes +€280
up €280 (+74.2%), from €378 to €658
- Other operating charges +€206
up €206 (+20.3%), from €1,018 to €1,225
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 | €64,614 | €52,260 | -€12,354 | -19.1% |
| Fixed assets | 21/28 | €30,526 | €21,591 | -€8,935 | -29.3% |
| Tangible fixed assets | 22/27 | €30,526 | €21,591 | -€8,935 | -29.3% |
| Furniture and vehicles | 24 | €30,526 | €21,591 | -€8,935 | -29.3% |
| Current assets | 29/58 | €34,088 | €30,669 | -€3,419 | -10.0% |
| Amounts receivable within one year | 40/41 | €14,190 | €3,055 | -€11,135 | -78.5% |
| Trade receivables | 40 | €5,101 | - | -€5,101 | |
| Other amounts receivable | 41 | €9,089 | €3,055 | -€6,034 | -66.4% |
| Current investments | 50/53 | €17,100 | €19,000 | +€1,900 | +11.1% |
| Cash at bank and in hand | 54/58 | €405 | €6,499 | +€6,094 | +1,504% |
| Deferred charges and accrued income | 490/1 | €2,393 | €2,115 | -€278 | -11.6% |
| Total equity and liabilities | 10/49 | €64,614 | €52,260 | -€12,354 | -19.1% |
| Equity | 10/15 | €30,193 | €23,589 | -€6,604 | -21.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €31,394 | €24,221 | -€7,173 | -22.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €29,534 | €22,361 | -€7,173 | -24.3% |
| Profit (loss) carried forward | 14 | -€7,401 | -€6,832 | +€569 | +7.7% |
| Amounts payable | 17/49 | €34,421 | €28,671 | -€5,750 | -16.7% |
| Amounts payable after more than one year | 17 | €19,848 | €12,134 | -€7,714 | -38.9% |
| Financial debts | 170/4 | €19,848 | €12,134 | -€7,714 | -38.9% |
| Amounts payable within one year | 42/48 | €14,327 | €16,537 | +€2,209 | +15.4% |
| Current portion of amounts payable after more than one year | 42 | €7,427 | €7,714 | +€287 | +3.9% |
| Trade debts | 44 | €211 | €101 | -€111 | -52.3% |
| Suppliers | 440/4 | €211 | €101 | -€111 | -52.3% |
| Taxes, remuneration and social security | 45 | €5,218 | €677 | -€4,542 | -87.0% |
| Taxes | 450/3 | €2,692 | €677 | -€2,015 | -74.9% |
| Remuneration and social security | 454/9 | €2,527 | - | -€2,527 | |
| Other amounts payable | 47/48 | €1,471 | €8,045 | +€6,574 | +447% |
| Accrued charges and deferred income | 492/3 | €245 | - | -€245 | |
| Non-recurring operating income | 76A | - | €7,438 | +€7,438 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,935 | €8,935 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,018 | €1,225 | +€206 | +20.3% |
| Gross operating margin | 9900 | €5,290 | €12,728 | +€7,438 | +141% |
| Operating profit (loss) | 9901 | -€4,663 | €2,568 | +€7,231 | |
| Financial income | 75/76B | - | €69 | +€69 | |
| Recurring financial income | 75 | - | €69 | +€69 | |
| Financial charges | 65/66B | €1,391 | €1,411 | +€19 | +1.4% |
| Recurring financial charges | 65 | €1,391 | €1,411 | +€19 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | -€6,055 | €1,227 | +€7,281 | |
| Income taxes | 67/77 | €378 | €658 | +€280 | +74.2% |
| Profit (loss) for the period | 9904 | -€6,432 | €569 | +€7,001 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,432 | €569 | +€7,001 |
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 26 October 2026 via checked.be.