IMMO LE SAULE: 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 LE SAULE
Largest movements
- Receivables after one year -€8.4m
no longer reported in 2025 (was €8.4m)
- Deferred charges and accrued income -€284,156
down €284,156 (-96.0%), from €295,962 to €11,807
- Profit (loss) carried forward -€11.0m
down €11.0m (-332%), from -€3.3m to -€14.3m
- Short-term financial debts +€2.3m
up €2.3m (+18.6%), from €12.3m to €14.5m
- Financial charges +€7.4m
up €7.4m (+189%), from €3.9m to €11.3m
- Financial income +€11,193
up €11,193 (+3.8%), from €296,129 to €307,323
of which Financial income: +€9,762
- Gross operating margin +€598
up €598 (+26.1%), from -€2,287 to -€1,689
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 | €9,033,630 | €361,000 | -€8.7m | -96.0% |
| Current assets | 29/58 | €9,033,630 | €361,000 | -€8.7m | -96.0% |
| Amounts receivable after more than one year | 29 | €8,388,794 | - | -€8.4m | |
| Other amounts receivable | 291 | €8,388,794 | - | -€8.4m | |
| Amounts receivable within one year | 40/41 | €348,775 | €348,950 | +€176 | +0.1% |
| Other amounts receivable | 41 | €348,775 | €348,950 | +€176 | +0.1% |
| Cash at bank and in hand | 54/58 | €99 | €243 | +€144 | +146% |
| Deferred charges and accrued income | 490/1 | €295,962 | €11,807 | -€284,156 | -96.0% |
| Total equity and liabilities | 10/49 | €9,033,630 | €361,000 | -€8.7m | -96.0% |
| Equity | 10/15 | -€3,234,915 | -€14,193,856 | -€11.0m | -339% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,303,115 | -€14,262,056 | -€11.0m | -332% |
| Amounts payable | 17/49 | €12,268,544 | €14,554,856 | +€2.3m | +18.6% |
| Amounts payable within one year | 42/48 | €12,268,317 | €14,554,607 | +€2.3m | +18.6% |
| Financial debts | 43 | €12,260,225 | €14,546,032 | +€2.3m | +18.6% |
| Credit institutions | 430/8 | €12,260,225 | €14,546,032 | +€2.3m | +18.6% |
| Trade debts | 44 | €1,598 | €1,379 | -€219 | -13.7% |
| Suppliers | 440/4 | €1,598 | €1,379 | -€219 | -13.7% |
| Other amounts payable | 47/48 | €6,493 | €7,195 | +€702 | +10.8% |
| Accrued charges and deferred income | 492/3 | €228 | €249 | +€22 | +9.5% |
| Other operating charges | 640/8 | €968 | €968 | = | 0.0% |
| Gross operating margin | 9900 | -€2,287 | -€1,689 | +€598 | +26.1% |
| Operating profit (loss) | 9901 | -€3,255 | -€2,657 | +€598 | +18.4% |
| Financial income | 75/76B | €296,129 | €307,323 | +€11,193 | +3.8% |
| Recurring financial income | 75 | €295,962 | €305,725 | +€9,762 | +3.3% |
| Non-recurring financial income | 76B | €167 | €1,598 | +€1,431 | +857% |
| Financial charges | 65/66B | €3,901,413 | €11,263,608 | +€7.4m | +189% |
| Recurring financial charges | 65 | €3,901,413 | €11,263,608 | +€7.4m | +189% |
| Profit (loss) for the period before taxes | 9903 | -€3,608,538 | -€10,958,941 | -€7.4m | -204% |
| Profit (loss) for the period | 9904 | -€3,608,538 | -€10,958,941 | -€7.4m | -204% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,608,538 | -€10,958,941 | -€7.4m | -204% |
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 27 October 2026 via checked.be.