IMMO SAM: 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 SAM
Largest movements
- Receivables within one year +€60,414
up €60,414 (+19.1%), from €315,740 to €376,154
of which Other amounts receivable: +€57,970
- Tangible fixed assets -€51,222
down €51,222 (-5.9%), from €874,155 to €822,933
of which Land and buildings: -€39,241
- Debts after one year -€133,609
down €133,609 (-16.0%), from €833,157 to €699,548
- Other debts +€74,100
up €74,100 (+64.5%), from €114,889 to €188,989
- Profit (loss) carried forward +€55,899
up €55,899 (+8.2%), from €678,518 to €734,417
- Other operating charges +€13,999
up €13,999 (+58.2%), from €24,038 to €38,037
- Gross operating margin -€10,853
down €10,853 (-5.3%), from €206,032 to €195,179
- Financial charges -€5,942
down €5,942 (-19.5%), from €30,485 to €24,543
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 | €2,042,529 | €2,041,225 | -€1,304 | -0.1% |
| Fixed assets | 21/28 | €1,709,605 | €1,658,383 | -€51,222 | -3.0% |
| Tangible fixed assets | 22/27 | €874,155 | €822,933 | -€51,222 | -5.9% |
| Land and buildings | 22 | €781,898 | €742,657 | -€39,241 | -5.0% |
| Plant, machinery and equipment | 23 | €92,257 | €80,276 | -€11,981 | -13.0% |
| Financial fixed assets | 28 | €835,450 | €835,450 | = | 0.0% |
| Current assets | 29/58 | €332,924 | €382,842 | +€49,918 | +15.0% |
| Amounts receivable within one year | 40/41 | €315,740 | €376,154 | +€60,414 | +19.1% |
| Trade receivables | 40 | €168,772 | €171,216 | +€2,444 | +1.4% |
| Other amounts receivable | 41 | €146,968 | €204,938 | +€57,970 | +39.4% |
| Cash at bank and in hand | 54/58 | - | €921 | +€921 | |
| Deferred charges and accrued income | 490/1 | €17,184 | €5,767 | -€11,417 | -66.4% |
| Total equity and liabilities | 10/49 | €2,042,529 | €2,041,225 | -€1,304 | -0.1% |
| Equity | 10/15 | €843,518 | €899,417 | +€55,899 | +6.6% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €678,518 | €734,417 | +€55,899 | +8.2% |
| Amounts payable | 17/49 | €1,199,011 | €1,141,808 | -€57,203 | -4.8% |
| Amounts payable after more than one year | 17 | €833,157 | €699,548 | -€133,609 | -16.0% |
| Financial debts | 170/4 | €833,157 | €699,548 | -€133,609 | -16.0% |
| Amounts payable within one year | 42/48 | €352,125 | €430,622 | +€78,497 | +22.3% |
| Current portion of amounts payable after more than one year | 42 | €199,990 | €196,255 | -€3,735 | -1.9% |
| Financial debts | 43 | €5,024 | - | -€5,024 | |
| Credit institutions | 430/8 | €5,024 | - | -€5,024 | |
| Trade debts | 44 | - | €702 | +€702 | |
| Suppliers | 440/4 | - | €702 | +€702 | |
| Taxes, remuneration and social security | 45 | €32,222 | €44,676 | +€12,454 | +38.7% |
| Taxes | 450/3 | €32,222 | €44,676 | +€12,454 | +38.7% |
| Other amounts payable | 47/48 | €114,889 | €188,989 | +€74,100 | +64.5% |
| Accrued charges and deferred income | 492/3 | €13,729 | €11,638 | -€2,091 | -15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,227 | €51,222 | +€995 | +2.0% |
| Other operating charges | 640/8 | €24,038 | €38,037 | +€13,999 | +58.2% |
| Gross operating margin | 9900 | €206,032 | €195,179 | -€10,853 | -5.3% |
| Operating profit (loss) | 9901 | €131,767 | €105,920 | -€25,847 | -19.6% |
| Financial charges | 65/66B | €30,485 | €24,543 | -€5,942 | -19.5% |
| Recurring financial charges | 65 | €30,485 | €24,543 | -€5,942 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €101,282 | €81,377 | -€19,905 | -19.7% |
| Income taxes | 67/77 | €27,282 | €25,478 | -€1,804 | -6.6% |
| Profit (loss) for the period | 9904 | €74,000 | €55,899 | -€18,101 | -24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €74,000 | €55,899 | -€18,101 | -24.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.