IMMO SANDEST: what changed
What changed
IMMO SANDEST
NACE 55.204, Guest rooms (bed and breakfast)
filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · -€30,565+€1.3m
Equity
€1.7m
2024 · €457,471+€1.3m
Cash
€1,621
2024 · €5,978-€4,357
Balance sheet total
€1.7m
2024 · €1.5m+€228,122
Largest movements
Assets
- Receivables after one year +€914,807
up €914,807 (+1,427%), from €64,093 to €978,900
- Financial fixed assets -€625,426
down €625,426 (-100%), from €625,426 to €0
- Tangible fixed assets -€45,691
down €45,691 (-5.8%), from €788,583 to €742,892
of which Land and buildings: -€43,203
Equity and liabilities
- Reserves +€1.2m
up €1.2m (+261%), from €460,943 to €1.7m
of which Distributable reserves: +€1.2m
- Other debts -€654,066
down €654,066 (-100%), from €654,066 to €0
- Debts after one year -€345,678
down €345,678 (-100%), from €345,678 to €0
- Profit (loss) carried forward +€65,472
up €65,472, from -€65,472 to €0
- Current portion of long-term debt -€34,435
down €34,435 (-100%), from €34,435 to €0
Income statement
- Financial income +€1.3m
up €1.3m (+35,456%), from €3,709 to €1.3m
- Gross operating margin -€11,206
down €11,206 (-31.5%), from €35,572 to €24,366
- Financial charges +€6,220
up €6,220 (+40.3%), from €15,452 to €21,672
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€30,565
Gross operating margin
-€11,206
Staff costs
-€31
Depreciation
-€144
Other operating charges
+€314
Financial income
+€1.3m
Financial charges
-€6,220
Result 2025
€1.3m
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€243,950
Investment
+€619,706
Financing
-€380,113
Cash 2024
€5,978
From operations (derived)
-€243,950
Net result for the year
+€1.3m
Depreciation
+€51,411
Receivables after one year
-€914,807
Receivables within one year
+€11,345
Smaller working-capital items
-€5,171
Other debts
-€654,066
Investment (derived)
+€619,706
Investment in fixed assets (net)
+€619,706
Financing
-€380,113
Debts after one year
-€345,678
Current portion of long-term debt
-€34,435
Cash 2025
€1,621
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,506,787 | €1,734,909 | +€228,122 | +15.1% |
| Fixed assets | 21/28 | €1,414,009 | €742,892 | -€671,118 | -47.5% |
| Tangible fixed assets | 22/27 | €788,583 | €742,892 | -€45,691 | -5.8% |
| Land and buildings | 22 | €758,709 | €715,506 | -€43,203 | -5.7% |
| Furniture and vehicles | 24 | €29,874 | €27,386 | -€2,488 | -8.3% |
| Financial fixed assets | 28 | €625,426 | €0 | -€625,426 | -100% |
| Current assets | 29/58 | €92,777 | €992,017 | +€899,239 | +969% |
| Amounts receivable after more than one year | 29 | €64,093 | €978,900 | +€914,807 | +1,427% |
| Other amounts receivable | 291 | €64,093 | €978,900 | +€914,807 | +1,427% |
| Amounts receivable within one year | 40/41 | €21,451 | €10,106 | -€11,345 | -52.9% |
| Trade receivables | 40 | €21,451 | €10,106 | -€11,345 | -52.9% |
| Cash at bank and in hand | 54/58 | €5,978 | €1,621 | -€4,357 | -72.9% |
| Deferred charges and accrued income | 490/1 | €1,256 | €1,390 | +€133 | +10.6% |
| Total equity and liabilities | 10/49 | €1,506,787 | €1,734,909 | +€228,122 | +15.1% |
| Equity | 10/15 | €457,471 | €1,724,809 | +€1.3m | +277% |
| 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% |
| Reserves | 13 | €460,943 | €1,662,809 | +€1.2m | +261% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €24,743 | €19,587 | -€5,155 | -20.8% |
| Distributable reserves | 133 | €430,000 | €1,637,022 | +€1.2m | +281% |
| Profit (loss) carried forward | 14 | -€65,472 | €0 | +€65,472 | |
| Provisions and deferred taxes | 16 | €10,170 | €7,514 | -€2,656 | -26.1% |
| Deferred taxes | 168 | €10,170 | €7,514 | -€2,656 | -26.1% |
| Amounts payable | 17/49 | €1,039,146 | €2,585 | -€1.0m | -99.8% |
| Amounts payable after more than one year | 17 | €345,678 | €0 | -€345,678 | -100% |
| Financial debts | 170/4 | €345,678 | €0 | -€345,678 | -100% |
| Amounts payable within one year | 42/48 | €693,467 | €2,557 | -€690,911 | -99.6% |
| Current portion of amounts payable after more than one year | 42 | €34,435 | €0 | -€34,435 | -100% |
| Trade debts | 44 | €1,270 | €0 | -€1,270 | -100% |
| Suppliers | 440/4 | €1,270 | €0 | -€1,270 | -100% |
| Taxes, remuneration and social security | 45 | €3,697 | €2,557 | -€1,140 | -30.8% |
| Taxes | 450/3 | €2,655 | €2,557 | -€99 | -3.7% |
| Remuneration and social security | 454/9 | €1,041 | €0 | -€1,041 | -100% |
| Other amounts payable | 47/48 | €654,066 | €0 | -€654,066 | -100% |
| Accrued charges and deferred income | 492/3 | - | €29 | +€29 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €968 | €998 | +€31 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,268 | €51,411 | +€144 | +0.3% |
| Other operating charges | 640/8 | €4,815 | €4,501 | -€314 | -6.5% |
| Gross operating margin | 9900 | €35,572 | €24,366 | -€11,206 | -31.5% |
| Operating profit (loss) | 9901 | -€21,478 | -€32,545 | -€11,067 | -51.5% |
| Financial income | 75/76B | €3,709 | €1,318,899 | +€1.3m | +35,456% |
| Recurring financial income | 75 | €3,709 | €1,318,899 | +€1.3m | +35,456% |
| Financial charges | 65/66B | €15,452 | €21,672 | +€6,220 | +40.3% |
| Recurring financial charges | 65 | €15,452 | €21,672 | +€6,220 | +40.3% |
| Profit (loss) for the period before taxes | 9903 | -€33,221 | €1,264,682 | +€1.3m | |
| Transfer from deferred taxes | 780 | €2,656 | €2,656 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€30,565 | €1,267,338 | +€1.3m | |
| Transfer from tax-exempt reserves | 789 | €5,155 | €5,155 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,409 | €1,272,493 | +€1.3m |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.