IMMO S D: 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 S D
Largest movements
- Tangible fixed assets -€8,167
down €8,167 (-5.2%), from €156,782 to €148,615
of which Land and buildings: -€7,895
- Receivables within one year -€7,480
down €7,480 (-59.5%), from €12,568 to €5,088
- Cash +€3,470
new in 2025: €3,470
mainly Depreciation (+€8,167) and Receivables within one year (+€7,480)
- Profit (loss) carried forward -€8,156
down €8,156 (-2.6%), from -€312,190 to -€320,346
- Current portion of long-term debt -€5,312
no longer reported in 2025 (was €5,312)
- Other debts +€4,000
up €4,000 (+1.0%), from €411,926 to €415,926
- Short-term financial debts -€2,683
no longer reported in 2025 (was €2,683)
- Gross operating margin +€3,036
up €3,036, from -€954 to €2,082
- Financial charges -€913
down €913 (-65.6%), from €1,391 to €478
- Depreciation +€205
up €205 (+2.6%), from €7,962 to €8,167
- Other operating charges +€58
up €58 (+3.7%), from €1,572 to €1,631
- Financial income +€37
new in 2025: €37
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 | €169,732 | €157,656 | -€12,075 | -7.1% |
| Fixed assets | 21/28 | €156,782 | €148,615 | -€8,167 | -5.2% |
| Tangible fixed assets | 22/27 | €156,782 | €148,615 | -€8,167 | -5.2% |
| Land and buildings | 22 | €156,286 | €148,391 | -€7,895 | -5.1% |
| Plant, machinery and equipment | 23 | €496 | €224 | -€272 | -54.8% |
| Current assets | 29/58 | €12,950 | €9,041 | -€3,909 | -30.2% |
| Amounts receivable within one year | 40/41 | €12,568 | €5,088 | -€7,480 | -59.5% |
| Other amounts receivable | 41 | €12,568 | €5,088 | -€7,480 | -59.5% |
| Cash at bank and in hand | 54/58 | - | €3,470 | +€3,470 | |
| Deferred charges and accrued income | 490/1 | €382 | €484 | +€102 | +26.6% |
| Total equity and liabilities | 10/49 | €169,732 | €157,656 | -€12,075 | -7.1% |
| Equity | 10/15 | -€250,190 | -€258,346 | -€8,156 | -3.3% |
| 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% |
| Profit (loss) carried forward | 14 | -€312,190 | -€320,346 | -€8,156 | -2.6% |
| Amounts payable | 17/49 | €419,921 | €416,002 | -€3,920 | -0.9% |
| Amounts payable within one year | 42/48 | €419,921 | €416,002 | -€3,920 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €5,312 | - | -€5,312 | |
| Financial debts | 43 | €2,683 | - | -€2,683 | |
| Credit institutions | 430/8 | €2,683 | - | -€2,683 | |
| Trade debts | 44 | - | €76 | +€76 | |
| Suppliers | 440/4 | - | €76 | +€76 | |
| Other amounts payable | 47/48 | €411,926 | €415,926 | +€4,000 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,962 | €8,167 | +€205 | +2.6% |
| Other operating charges | 640/8 | €1,572 | €1,631 | +€58 | +3.7% |
| Gross operating margin | 9900 | -€954 | €2,082 | +€3,036 | |
| Operating profit (loss) | 9901 | -€10,488 | -€7,715 | +€2,773 | +26.4% |
| Financial income | 75/76B | - | €37 | +€37 | |
| Recurring financial income | 75 | - | €37 | +€37 | |
| Financial charges | 65/66B | €1,391 | €478 | -€913 | -65.6% |
| Recurring financial charges | 65 | €1,391 | €478 | -€913 | -65.6% |
| Profit (loss) for the period before taxes | 9903 | -€11,879 | -€8,156 | +€3,723 | +31.3% |
| Profit (loss) for the period | 9904 | -€11,879 | -€8,156 | +€3,723 | +31.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,879 | -€8,156 | +€3,723 | +31.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.