IMMO SALAMA: 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 SALAMA
Largest movements
- Tangible fixed assets +€249,729
up €249,729 (+955%), from €26,150 to €275,879
of which Land and buildings: +€177,946
- Cash +€234,778
up €234,778 (+155%), from €151,685 to €386,463
mainly Net result for the year (+€266,523) and Debts after one year (+€133,817)
- Receivables within one year -€17,863
down €17,863 (-28.9%), from €61,890 to €44,027
of which Trade receivables: -€15,887
- Deferred charges and accrued income -€12,993
down €12,993 (-75.9%), from €17,125 to €4,132
- Reserves +€202,022
up €202,022 (+99.3%), from €203,398 to €405,420
of which Distributable reserves: +€202,022
- Debts after one year +€133,817
up €133,817 (+6,553%), from €2,042 to €135,859
- Tax, wage and social debts +€65,565
up €65,565 (+1,215%), from €5,395 to €70,960
of which Taxes: +€62,007
- Other debts +€56,812
up €56,812 (+423%), from €13,438 to €70,250
- Trade debts +€28,557
up €28,557 (+337%), from €8,470 to €37,027
- Gross operating margin +€261,314
up €261,314 (+151%), from €173,306 to €434,620
- Taxes +€81,619
up €81,619 (+190%), from €42,975 to €124,595
- Write-downs -€15,439
down €15,439, from €14,704 to -€735
- Depreciation +€12,681
up €12,681 (+477%), from €2,658 to €15,339
- Staff costs +€7,328
up €7,328 (+59.1%), from €12,399 to €19,728
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 | €306,850 | €760,500 | +€453,650 | +148% |
| Fixed assets | 21/28 | €26,150 | €275,879 | +€249,729 | +955% |
| Tangible fixed assets | 22/27 | €26,150 | €275,879 | +€249,729 | +955% |
| Land and buildings | 22 | €6,440 | €184,386 | +€177,946 | +2,763% |
| Plant, machinery and equipment | 23 | €650 | €692 | +€42 | +6.5% |
| Furniture and vehicles | 24 | €3,067 | €24,811 | +€21,744 | +709% |
| Assets under construction and advance payments | 27 | €15,992 | €65,989 | +€49,997 | +313% |
| Current assets | 29/58 | €280,700 | €484,621 | +€203,922 | +72.6% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €61,890 | €44,027 | -€17,863 | -28.9% |
| Trade receivables | 40 | €59,914 | €44,027 | -€15,887 | -26.5% |
| Other amounts receivable | 41 | €1,976 | - | -€1,976 | |
| Cash at bank and in hand | 54/58 | €151,685 | €386,463 | +€234,778 | +155% |
| Deferred charges and accrued income | 490/1 | €17,125 | €4,132 | -€12,993 | -75.9% |
| Total equity and liabilities | 10/49 | €306,850 | €760,500 | +€453,650 | +148% |
| Equity | 10/15 | €215,798 | €417,820 | +€202,022 | +93.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €203,398 | €405,420 | +€202,022 | +99.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €201,538 | €403,560 | +€202,022 | +100% |
| Amounts payable | 17/49 | €91,051 | €342,680 | +€251,629 | +276% |
| Amounts payable after more than one year | 17 | €2,042 | €135,859 | +€133,817 | +6,553% |
| Financial debts | 170/4 | €2,042 | €135,859 | +€133,817 | +6,553% |
| Amounts payable within one year | 42/48 | €44,084 | €188,281 | +€144,197 | +327% |
| Current portion of amounts payable after more than one year | 42 | €16,782 | €10,043 | -€6,738 | -40.2% |
| Trade debts | 44 | €8,470 | €37,027 | +€28,557 | +337% |
| Suppliers | 440/4 | €8,470 | €37,027 | +€28,557 | +337% |
| Taxes, remuneration and social security | 45 | €5,395 | €70,960 | +€65,565 | +1,215% |
| Taxes | 450/3 | €2,248 | €64,254 | +€62,007 | +2,759% |
| Remuneration and social security | 454/9 | €3,147 | €6,706 | +€3,558 | +113% |
| Other amounts payable | 47/48 | €13,438 | €70,250 | +€56,812 | +423% |
| Accrued charges and deferred income | 492/3 | €44,925 | €18,540 | -€26,385 | -58.7% |
| Remuneration, social security and pensions | 62 | €12,399 | €19,728 | +€7,328 | +59.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,658 | €15,339 | +€12,681 | +477% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,704 | -€735 | -€15,439 | |
| Other operating charges | 640/8 | €1,036 | €2,416 | +€1,380 | +133% |
| Gross operating margin | 9900 | €173,306 | €434,620 | +€261,314 | +151% |
| Operating profit (loss) | 9901 | €142,509 | €397,872 | +€255,363 | +179% |
| Financial income | 75/76B | €2,942 | €3,413 | +€471 | +16.0% |
| Recurring financial income | 75 | €2,942 | €3,413 | +€471 | +16.0% |
| Financial charges | 65/66B | €4,710 | €10,168 | +€5,458 | +116% |
| Recurring financial charges | 65 | €4,710 | €10,168 | +€5,458 | +116% |
| Profit (loss) for the period before taxes | 9903 | €140,741 | €391,117 | +€250,376 | +178% |
| Income taxes | 67/77 | €42,975 | €124,595 | +€81,619 | +190% |
| Profit (loss) for the period | 9904 | €97,766 | €266,523 | +€168,757 | +173% |
| Profit (loss) for the period to be appropriated | 9905 | €97,766 | €266,523 | +€168,757 | +173% |
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 16 October 2026 via checked.be.