IMMO S.C.E.: what changed
Two fiscal 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 S.C.E.
Largest movements
- Tangible fixed assets -€4,904
down €4,904 (-4.1%), from €120,020 to €115,115
of which Land and buildings: -€3,272
- Deferred charges and accrued income +€1,621
up €1,621 (+444.7%), from €364 to €1,985
- Other debts -€36,500
down €36,500 (-83.9%), from €43,520 to €7,020
- Debts after one year +€27,791
up €27,791 (+149.6%), from €18,574 to €46,365
- Reserves +€4,068
up €4,068 (+25.2%), from €16,146 to €20,214
- Trade debts -€3,786
down €3,786 (-69.1%), from €5,480 to €1,694
- Current portion of long-term debt +€3,606
up €3,606 (+29.4%), from €12,264 to €15,870
- Gross operating margin +€1,532
up €1,532 (+11.1%), from €13,846 to €15,378
- Financial charges +€896
up €896 (+136.4%), from €657 to €1,553
- Taxes +€164
up €164 (+8.8%), from €1,872 to €2,036
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 | €121,292 | €118,975 | -€2,317 | -1.9% |
| Fixed assets | 21/28 | €120,020 | €115,115 | -€4,904 | -4.1% |
| Tangible fixed assets | 22/27 | €120,020 | €115,115 | -€4,904 | -4.1% |
| Land and buildings | 22 | €112,739 | €109,466 | -€3,272 | -2.9% |
| Plant, machinery and equipment | 23 | €7,281 | €5,649 | -€1,632 | -22.4% |
| Current assets | 29/58 | €1,273 | €3,860 | +€2,587 | +203.3% |
| Amounts receivable within one year | 40/41 | €197 | - | -€197 | |
| Trade receivables | 40 | €197 | - | -€197 | |
| Cash at bank and in hand | 54/58 | €711 | €1,875 | +€1,164 | +163.6% |
| Deferred charges and accrued income | 490/1 | €364 | €1,985 | +€1,621 | +444.7% |
| Total equity and liabilities | 10/49 | €121,292 | €118,975 | -€2,317 | -1.9% |
| Equity | 10/15 | €36,960 | €41,028 | +€4,068 | +11.0% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €16,146 | €20,214 | +€4,068 | +25.2% |
| Distributable reserves | 133 | €16,146 | €20,214 | +€4,068 | +25.2% |
| Profit (loss) carried forward | 14 | €1,814 | €1,814 | = | 0.0% |
| Amounts payable | 17/49 | €84,332 | €77,947 | -€6,385 | -7.6% |
| Amounts payable after more than one year | 17 | €18,574 | €46,365 | +€27,791 | +149.6% |
| Financial debts | 170/4 | €18,574 | €46,365 | +€27,791 | +149.6% |
| Amounts payable within one year | 42/48 | €65,759 | €28,497 | -€37,262 | -56.7% |
| Current portion of amounts payable after more than one year | 42 | €12,264 | €15,870 | +€3,606 | +29.4% |
| Trade debts | 44 | €5,480 | €1,694 | -€3,786 | -69.1% |
| Suppliers | 440/4 | €5,480 | €1,694 | -€3,786 | -69.1% |
| Taxes, remuneration and social security | 45 | €4,495 | €3,913 | -€582 | -12.9% |
| Taxes | 450/3 | €4,495 | €3,913 | -€582 | -12.9% |
| Other amounts payable | 47/48 | €43,520 | €7,020 | -€36,500 | -83.9% |
| Accrued charges and deferred income | 492/3 | - | €3,085 | +€3,085 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,904 | €4,904 | = | 0.0% |
| Other operating charges | 640/8 | €2,745 | €2,815 | +€71 | +2.6% |
| Gross operating margin | 9900 | €13,846 | €15,378 | +€1,532 | +11.1% |
| Operating profit (loss) | 9901 | €6,197 | €7,658 | +€1,461 | +23.6% |
| Financial charges | 65/66B | €657 | €1,553 | +€896 | +136.4% |
| Recurring financial charges | 65 | €657 | €1,553 | +€896 | +136.4% |
| Profit (loss) for the period before taxes | 9903 | €5,540 | €6,105 | +€565 | +10.2% |
| Income taxes | 67/77 | €1,872 | €2,036 | +€164 | +8.8% |
| Profit (loss) for the period | 9904 | €3,668 | €4,068 | +€401 | +10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,668 | €4,068 | +€401 | +10.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.