IMMO DE SINGEL: 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 SINGEL
Largest movements
- Receivables within one year -€200,000
down €200,000 (-54.1%), from €369,794 to €169,794
- Cash -€12,698
down €12,698 (-99.7%), from €12,731 to €33
mainly Net result for the year (-€163,647) and Provisions (-€57,251)
- Reserves -€171,508
down €171,508 (-61.2%), from €280,336 to €108,828
of which Tax-exempt reserves: -€171,753
- Provisions -€57,251
down €57,251 (-61.7%), from €92,825 to €35,574
- Profit (loss) carried forward +€7,861
up €7,861, from -€7,861 to €0
- Trade debts +€4,360
up €4,360 (+48.0%), from €9,079 to €13,439
- Gross operating margin -€211,018
down €211,018, from €207,058 to -€3,960
- Financial charges -€22,436
down €22,436 (-100.0%), from €22,436 to €0
- Other operating charges -€9,326
down €9,326 (-95.9%), from €9,726 to €400
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 | €426,170 | €209,631 | -€216,538 | -50.8% |
| Fixed assets | 21/28 | €43,644 | €39,804 | -€3,840 | -8.8% |
| Tangible fixed assets | 22/27 | €43,644 | €39,804 | -€3,840 | -8.8% |
| Land and buildings | 22 | €43,644 | €39,804 | -€3,840 | -8.8% |
| Current assets | 29/58 | €382,525 | €169,827 | -€212,698 | -55.6% |
| Amounts receivable within one year | 40/41 | €369,794 | €169,794 | -€200,000 | -54.1% |
| Other amounts receivable | 41 | €369,794 | €169,794 | -€200,000 | -54.1% |
| Cash at bank and in hand | 54/58 | €12,731 | €33 | -€12,698 | -99.7% |
| Total equity and liabilities | 10/49 | €426,170 | €209,631 | -€216,538 | -50.8% |
| Equity | 10/15 | €291,075 | €127,428 | -€163,647 | -56.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €280,336 | €108,828 | -€171,508 | -61.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €278,476 | €106,723 | -€171,753 | -61.7% |
| Distributable reserves | 133 | - | €245 | +€245 | |
| Profit (loss) carried forward | 14 | -€7,861 | €0 | +€7,861 | |
| Provisions and deferred taxes | 16 | €92,825 | €35,574 | -€57,251 | -61.7% |
| Deferred taxes | 168 | €92,825 | €35,574 | -€57,251 | -61.7% |
| Amounts payable | 17/49 | €42,269 | €46,629 | +€4,360 | +10.3% |
| Amounts payable within one year | 42/48 | €42,269 | €46,629 | +€4,360 | +10.3% |
| Trade debts | 44 | €9,079 | €13,439 | +€4,360 | +48.0% |
| Suppliers | 440/4 | €9,079 | €13,439 | +€4,360 | +48.0% |
| Other amounts payable | 47/48 | €33,190 | €33,190 | = | 0.0% |
| Non-recurring operating income | 76A | €207,965 | €0 | -€207,965 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,840 | €3,840 | = | 0.0% |
| Other operating charges | 640/8 | €9,726 | €400 | -€9,326 | -95.9% |
| Non-recurring operating charges | 66A | €140,000 | €212,698 | +€72,698 | +51.9% |
| Gross operating margin | 9900 | €207,058 | -€3,960 | -€211,018 | |
| Operating profit (loss) | 9901 | €53,492 | -€220,898 | -€274,390 | |
| Financial charges | 65/66B | €22,436 | €0 | -€22,436 | -100.0% |
| Recurring financial charges | 65 | €22,436 | €0 | -€22,436 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €31,056 | -€220,898 | -€251,954 | |
| Transfer from deferred taxes | 780 | - | €57,251 | +€57,251 | |
| Profit (loss) for the period | 9904 | €31,056 | -€163,647 | -€194,703 | |
| Transfer from tax-exempt reserves | 789 | - | €171,753 | +€171,753 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,056 | €8,106 | -€22,950 | -73.9% |
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 11 October 2026 via checked.be.