Immo - Sambre: 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 - Sambre
NACE 68.310, Real estate agency activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€2.7m
2024 · €6.0m-€8.7m
Equity
€1.5m
2024 · €4.2m-€2.7m
Cash
€40,576
2024 · €1.6m-€1.6m
Balance sheet total
€105.4m
2024 · €103.6m+€1.7m
Largest movements
Assets
- Financial fixed assets +€3.4m
up €3.4m (+4.7%), from €72.6m to €76.1m
of which Affiliated companies: +€3.4m
- Cash -€1.6m
down €1.6m (-97.5%), from €1.6m to €40,576
mainly Debts after one year (-€12.9m) and Investment in fixed assets (net) (-€3.5m)
Equity and liabilities
- Current portion of long-term debt +€16.0m
up €16.0m (+122%), from €13.1m to €29.0m
- Debts after one year -€12.9m
down €12.9m (-16.5%), from €77.8m to €64.9m
of which Financial debts: -€12.6m
- Profit (loss) carried forward -€2.4m
down €2.4m (-32.3%), from -€7.6m to -€10.0m
- Accrued charges and deferred income +€1.1m
up €1.1m (+21.4%), from €5.2m to €6.4m
Income statement
- Other operating income -€8.1m
down €8.1m (-99.4%), from €8.1m to €48,158
- Financial charges +€845,568
up €845,568 (+31.3%), from €2.7m to €3.5m
of which Financial charges: +€847,068
- Financial income -€551,603
down €551,603 (-32.9%), from €1.7m to €1.1m
of which Non-recurring financial income: -€458,603
- Turnover -€347,021
down €347,021 (-19.6%), from €1.8m to €1.4m
- Services and other goods -€245,619
down €245,619 (-31.9%), from €769,681 to €524,062
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
€6.0m
Turnover
-€347,021
Other operating income
-€8.1m
Goods and materials
+€107,635
Services and other goods
+€245,619
Depreciation
+€51,486
Provisions
-€4,453
Other operating charges
-€31,607
Other operating items
-€521,199
Financial income
-€551,603
Financial charges
-€845,568
Deferred taxes and other
+€1.3m
Result 2025
-€2.7m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€1.3m
Investment
-€3.5m
Financing
+€3.2m
Cash 2024
€1.6m
From operations (derived)
-€1.3m
Net result for the year
-€2.7m
Depreciation
+€685,735
Receivables after one year
-€286,664
Stocks and contracts
-€99,314
Receivables within one year
-€98,488
Deferred charges and accrued income
-€2,691
Provisions
-€81,125
Trade debts
+€279,143
Tax, wage and social debts
-€113,226
Accrued charges and deferred income
+€1.1m
Investment (derived)
-€3.5m
Investment in fixed assets (net)
-€3.5m
Financing
+€3.2m
Debts after one year
-€12.9m
Current portion of long-term debt
+€16.0m
Short-term financial debts
+€98,604
Cash 2025
€40,576
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €103,640,567 | €105,360,117 | +€1.7m | +1.7% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €87,394,934 | €90,188,463 | +€2.8m | +3.2% |
| Tangible fixed assets | 22/27 | €14,758,111 | €14,107,126 | -€650,984 | -4.4% |
| Land and buildings | 22 | €12,440,669 | €11,835,419 | -€605,251 | -4.9% |
| Plant, machinery and equipment | 23 | €0 | €1,953 | +€1,953 | |
| Other tangible fixed assets | 26 | €2,269,754 | €2,269,754 | = | 0.0% |
| Assets under construction and advance payments | 27 | €47,687 | €0 | -€47,687 | -100% |
| Financial fixed assets | 28 | €72,636,824 | €76,081,337 | +€3.4m | +4.7% |
| Affiliated companies | 280/1 | €72,565,181 | €76,009,694 | +€3.4m | +4.7% |
| Participating interests | 280 | €30,184,623 | €30,184,623 | = | 0.0% |
| Amounts receivable | 281 | €42,380,558 | €45,825,071 | +€3.4m | +8.1% |
| Companies linked by participating interests | 282/3 | €0 | - | = | |
| Amounts receivable | 283 | €0 | - | = | |
| Other financial fixed assets | 284/8 | €71,643 | €71,643 | = | 0.0% |
| Shares | 284 | €0 | - | = | |
| Amounts receivable and cash guarantees | 285/8 | €71,643 | €71,643 | = | 0.0% |
| Current assets | 29/58 | €16,245,632 | €15,171,654 | -€1.1m | -6.6% |
| Amounts receivable after more than one year | 29 | €12,291,140 | €12,577,804 | +€286,664 | +2.3% |
| Other amounts receivable | 291 | €12,291,140 | €12,577,804 | +€286,664 | +2.3% |
| Stocks and contracts in progress | 3 | €2,009,866 | €2,109,179 | +€99,314 | +4.9% |
| Contracts in progress | 37 | €2,009,866 | €2,109,179 | +€99,314 | +4.9% |
| Amounts receivable within one year | 40/41 | €328,446 | €426,934 | +€98,488 | +30.0% |
| Trade receivables | 40 | €322,776 | €410,327 | +€87,552 | +27.1% |
| Other amounts receivable | 41 | €5,670 | €16,607 | +€10,937 | +193% |
| Cash at bank and in hand | 54/58 | €1,601,711 | €40,576 | -€1.6m | -97.5% |
| Deferred charges and accrued income | 490/1 | €14,470 | €17,161 | +€2,691 | +18.6% |
| Total equity and liabilities | 10/49 | €103,640,567 | €105,360,117 | +€1.7m | +1.7% |
| Equity | 10/15 | €4,182,925 | €1,495,061 | -€2.7m | -64.3% |
| Contributions | 10/11 | €3,442,612 | €3,442,612 | = | 0.0% |
| Capital | 10 | €3,442,612 | €3,442,612 | = | 0.0% |
| Issued capital | 100 | €3,442,612 | €3,442,612 | = | 0.0% |
| Reserves | 13 | €8,308,291 | €8,064,917 | -€243,374 | -2.9% |
| Non-distributable reserves | 130/1 | €350,000 | €350,000 | = | 0.0% |
| Legal reserve | 130 | €350,000 | €350,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,958,291 | €7,714,917 | -€243,374 | -3.1% |
| Profit (loss) carried forward | 14 | -€7,567,978 | -€10,012,467 | -€2.4m | -32.3% |
| Provisions and deferred taxes | 16 | €2,424,833 | €2,343,708 | -€81,125 | -3.3% |
| Provisions for liabilities and charges | 160/5 | €44,459 | €44,459 | = | 0.0% |
| Other liabilities and charges | 164/5 | €44,459 | €44,459 | = | 0.0% |
| Deferred taxes | 168 | €2,380,374 | €2,299,249 | -€81,125 | -3.4% |
| Amounts payable | 17/49 | €97,032,810 | €101,521,348 | +€4.5m | +4.6% |
| Amounts payable after more than one year | 17 | €77,782,237 | €64,913,424 | -€12.9m | -16.5% |
| Financial debts | 170/4 | €56,713,574 | €44,140,061 | -€12.6m | -22.2% |
| Subordinated loans | 170 | €783,046 | €683,160 | -€99,886 | -12.8% |
| Credit institutions | 173 | €13,830,407 | €3,196,992 | -€10.6m | -76.9% |
| Other loans | 174 | €42,100,122 | €40,259,910 | -€1.8m | -4.4% |
| Trade debts | 175 | €662,859 | €361,560 | -€301,300 | -45.5% |
| Suppliers | 1750 | €662,859 | €361,560 | -€301,300 | -45.5% |
| Advances received on contracts in progress | 176 | €0 | - | = | |
| Other amounts payable | 178/9 | €20,405,804 | €20,411,804 | +€6,000 | 0.0% |
| Amounts payable within one year | 42/48 | €14,014,577 | €30,249,744 | +€16.2m | +116% |
| Current portion of amounts payable after more than one year | 42 | €13,055,326 | €29,025,972 | +€16.0m | +122% |
| Financial debts | 43 | €2,573 | €101,177 | +€98,604 | +3,832% |
| Credit institutions | 430/8 | €2,573 | €101,177 | +€98,604 | +3,832% |
| Trade debts | 44 | €822,077 | €1,101,220 | +€279,143 | +34.0% |
| Suppliers | 440/4 | €822,077 | €1,101,220 | +€279,143 | +34.0% |
| Taxes, remuneration and social security | 45 | €134,600 | €21,375 | -€113,226 | -84.1% |
| Taxes | 450/3 | €134,600 | €21,375 | -€113,226 | -84.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €5,235,996 | €6,358,180 | +€1.1m | +21.4% |
| Operating income | 70/76A | €10,532,364 | €1,568,764 | -€9.0m | -85.1% |
| Turnover | 70 | €1,768,314 | €1,421,293 | -€347,021 | -19.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €205,627 | €99,314 | -€106,313 | -51.7% |
| Other operating income | 74 | €8,145,617 | €48,158 | -€8.1m | -99.4% |
| Non-recurring operating income | 76A | €412,806 | €0 | -€412,806 | -100% |
| Operating charges | 60/66A | €2,286,713 | €1,920,111 | -€366,602 | -16.0% |
| Goods for resale, raw materials and consumables | 60 | €206,949 | €99,314 | -€107,635 | -52.0% |
| Purchases | 600/8 | €206,949 | €99,314 | -€107,635 | -52.0% |
| Services and other goods | 61 | €769,681 | €524,062 | -€245,619 | -31.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €737,222 | €685,735 | -€51,486 | -7.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€4,453 | €0 | +€4,453 | |
| Other operating charges | 640/8 | €573,098 | €604,705 | +€31,607 | +5.5% |
| Non-recurring operating charges | 66A | €4,216 | €6,295 | +€2,079 | +49.3% |
| Operating profit (loss) | 9901 | €8,245,651 | -€351,347 | -€8.6m | |
| Financial income | 75/76B | €1,678,821 | €1,127,218 | -€551,603 | -32.9% |
| Recurring financial income | 75 | €1,220,218 | €1,127,218 | -€93,000 | -7.6% |
| Income from financial fixed assets | 750 | €1,208,594 | €1,114,197 | -€94,397 | -7.8% |
| Income from current assets | 751 | €10,962 | €11,512 | +€550 | +5.0% |
| Other financial income | 752/9 | €663 | €1,509 | +€846 | +128% |
| Non-recurring financial income | 76B | €458,603 | €0 | -€458,603 | -100% |
| Financial charges | 65/66B | €2,699,292 | €3,544,859 | +€845,568 | +31.3% |
| Recurring financial charges | 65 | €2,697,792 | €3,544,859 | +€847,068 | +31.4% |
| Debt charges | 650 | €2,665,133 | €3,531,980 | +€866,847 | +32.5% |
| Other financial charges | 652/9 | €32,659 | €12,879 | -€19,780 | -60.6% |
| Non-recurring financial charges | 66B | €1,500 | €0 | -€1,500 | -100% |
| Profit (loss) for the period before taxes | 9903 | €7,225,181 | -€2,768,988 | -€10.0m | |
| Transfer from deferred taxes | 780 | €262,601 | €81,125 | -€181,477 | -69.1% |
| Transfer to deferred taxes | 680 | €1,482,750 | €0 | -€1.5m | -100% |
| Profit (loss) for the period | 9904 | €6,005,033 | -€2,687,863 | -€8.7m | |
| Transfer from tax-exempt reserves | 789 | €787,804 | €243,374 | -€544,430 | -69.1% |
| Transfer to tax-exempt reserves | 689 | €4,448,249 | €0 | -€4.4m | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €2,344,588 | -€2,444,489 | -€4.8m |
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 22 October 2026 via checked.be.