Immo Sagaert: 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.
What changed
Immo Sagaert
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€2,660
2024 · €3,323-€5,983
Equity
€124,418
2024 · €127,078-€2,660
Cash
€1,285
2024 · €2,472-€1,188
Balance sheet total
€1.1m
2024 · €1.0m+€30,642
Largest movements
Assets
- Deferred charges and accrued income +€37,500
up €37,500, from €0 to €37,500
Equity and liabilities
- Other debts +€35,616
up €35,616 (+4.0%), from €880,709 to €916,325
Income statement
- Financial charges +€10,390
up €10,390 (+36.8%), from €28,237 to €38,628
- Gross operating margin +€5,405
up €5,405 (+13.1%), from €41,123 to €46,528
- Other operating charges +€1,252
up €1,252 (+30.2%), from €4,145 to €5,397
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.
Result 2024
€3,323
Gross operating margin
+€5,405
Other operating charges
-€1,252
Financial charges
-€10,390
Taxes
+€254
Result 2025
-€2,660
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.
From operations
+€712
Investment
€0
Financing
-€1,900
Cash 2024
€2,472
From operations (derived)
+€712
Net result for the year
-€2,660
Depreciation
+€5,670
Deferred charges and accrued income
-€37,500
Provisions
-€507
Trade debts
+€2,347
Tax, wage and social debts
-€254
Other debts
+€35,616
Accrued charges and deferred income
-€1,999
Financing
-€1,900
Debts after one year
-€1,900
Cash 2025
€1,285
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,049,212 | €1,079,854 | +€30,642 | +2.9% |
| Fixed assets | 21/28 | €1,046,740 | €1,041,069 | -€5,670 | -0.5% |
| Tangible fixed assets | 22/27 | €130,251 | €124,580 | -€5,670 | -4.4% |
| Land and buildings | 22 | €130,251 | €124,580 | -€5,670 | -4.4% |
| Financial fixed assets | 28 | €916,489 | €916,489 | = | 0.0% |
| Current assets | 29/58 | €2,472 | €38,785 | +€36,312 | +1468.9% |
| Cash at bank and in hand | 54/58 | €2,472 | €1,285 | -€1,188 | -48.0% |
| Deferred charges and accrued income | 490/1 | €0 | €37,500 | +€37,500 | |
| Total equity and liabilities | 10/49 | €1,049,212 | €1,079,854 | +€30,642 | +2.9% |
| Equity | 10/15 | €127,078 | €124,418 | -€2,660 | -2.1% |
| Contributions | 10/11 | €32,226 | €32,226 | = | 0.0% |
| Reserves | 13 | €94,852 | €92,192 | -€2,660 | -2.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €21,613 | €20,091 | -€1,521 | -7.0% |
| Distributable reserves | 133 | €73,239 | €72,101 | -€1,139 | -1.6% |
| Provisions and deferred taxes | 16 | €8,113 | €7,606 | -€507 | -6.3% |
| Deferred taxes | 168 | €8,113 | €7,606 | -€507 | -6.3% |
| Amounts payable | 17/49 | €914,020 | €947,830 | +€33,809 | +3.7% |
| Amounts payable after more than one year | 17 | €23,230 | €21,330 | -€1,900 | -8.2% |
| Financial debts | 170/4 | €23,230 | €21,330 | -€1,900 | -8.2% |
| Amounts payable within one year | 42/48 | €880,963 | €918,672 | +€37,709 | +4.3% |
| Trade debts | 44 | - | €2,347 | +€2,347 | |
| Suppliers | 440/4 | - | €2,347 | +€2,347 | |
| Taxes, remuneration and social security | 45 | €254 | €0 | -€254 | -100.0% |
| Taxes | 450/3 | €254 | €0 | -€254 | -100.0% |
| Other amounts payable | 47/48 | €880,709 | €916,325 | +€35,616 | +4.0% |
| Accrued charges and deferred income | 492/3 | €9,827 | €7,828 | -€1,999 | -20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,670 | €5,670 | = | 0.0% |
| Other operating charges | 640/8 | €4,145 | €5,397 | +€1,252 | +30.2% |
| Gross operating margin | 9900 | €41,123 | €46,528 | +€5,405 | +13.1% |
| Operating profit (loss) | 9901 | €31,307 | €35,461 | +€4,153 | +13.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €28,237 | €38,628 | +€10,390 | +36.8% |
| Recurring financial charges | 65 | €28,237 | €38,628 | +€10,390 | +36.8% |
| Profit (loss) for the period before taxes | 9903 | €3,070 | -€3,167 | -€6,237 | |
| Transfer from deferred taxes | 780 | €507 | €507 | = | 0.0% |
| Income taxes | 67/77 | €254 | €0 | -€254 | -100.0% |
| Profit (loss) for the period | 9904 | €3,323 | -€2,660 | -€5,983 | |
| Transfer from tax-exempt reserves | 789 | €1,521 | €1,521 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,844 | -€1,139 | -€5,983 |
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 10 October 2026 via checked.be.