IMMO-SAULE: 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-SAULE
Largest movements
- Stocks and contracts +€704,448
up €704,448 (+50.1%), from €1.4m to €2.1m
- Receivables within one year -€516,998
down €516,998 (-56.9%), from €909,276 to €392,278
of which Other amounts receivable: -€556,998
- Cash -€117,849
down €117,849 (-45.3%), from €259,974 to €142,125
mainly Stocks and contracts (-€704,448) and Net result for the year (-€54,726)
- Short-term financial debts +€105,001
up €105,001 (+4.6%), from €2.3m to €2.4m
- Profit (loss) carried forward -€54,726
down €54,726 (-54.8%), from -€99,891 to -€154,618
- Turnover -€138,939
no longer reported in 2025 (was €138,939)
- Purchases and services -€91,715
no longer reported in 2025 (was €91,715)
- Financial income +€38,002
up €38,002 (+34547072.7%), from €0 to €38,002
- Gross operating margin -€14,934
down €14,934 (-31.6%), from €47,224 to €32,290
- Financial charges +€3,318
up €3,318 (+2.7%), from €121,315 to €124,632
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 | €2,574,203 | €2,643,803 | +€69,600 | +2.7% |
| Current assets | 29/58 | €2,574,203 | €2,643,803 | +€69,600 | +2.7% |
| Stocks and contracts in progress | 3 | €1,404,953 | €2,109,400 | +€704,448 | +50.1% |
| Stocks | 30/36 | €1,404,953 | €2,109,400 | +€704,448 | +50.1% |
| Amounts receivable within one year | 40/41 | €909,276 | €392,278 | -€516,998 | -56.9% |
| Trade receivables | 40 | €0 | €40,000 | +€40,000 | |
| Other amounts receivable | 41 | €909,276 | €352,278 | -€556,998 | -61.3% |
| Cash at bank and in hand | 54/58 | €259,974 | €142,125 | -€117,849 | -45.3% |
| Total equity and liabilities | 10/49 | €2,574,203 | €2,643,803 | +€69,600 | +2.7% |
| Equity | 10/15 | €174,092 | €119,365 | -€54,726 | -31.4% |
| Contributions | 10/11 | €260,904 | €260,904 | = | 0.0% |
| Capital | 10 | €260,904 | €260,904 | = | 0.0% |
| Issued capital | 100 | €260,904 | €260,904 | = | 0.0% |
| Reserves | 13 | €13,079 | €13,079 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,079 | €13,079 | = | 0.0% |
| Legal reserve | 130 | €13,079 | €13,079 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€99,891 | -€154,618 | -€54,726 | -54.8% |
| Amounts payable | 17/49 | €2,400,111 | €2,524,438 | +€124,327 | +5.2% |
| Amounts payable within one year | 42/48 | €2,398,127 | €2,503,127 | +€105,001 | +4.4% |
| Financial debts | 43 | €2,273,127 | €2,378,127 | +€105,001 | +4.6% |
| Credit institutions | 430/8 | €2,273,127 | €2,378,127 | +€105,001 | +4.6% |
| Other amounts payable | 47/48 | €125,000 | €125,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,984 | €21,311 | +€19,326 | +973.9% |
| Turnover | 70 | €138,939 | - | -€138,939 | |
| Goods, raw materials, services and sundry goods | 60/61 | €91,715 | - | -€91,715 | |
| Other operating charges | 640/8 | €809 | €386 | -€423 | -52.3% |
| Gross operating margin | 9900 | €47,224 | €32,290 | -€14,934 | -31.6% |
| Operating profit (loss) | 9901 | €46,415 | €31,904 | -€14,511 | -31.3% |
| Financial income | 75/76B | €0 | €38,002 | +€38,002 | +34547072.7% |
| Recurring financial income | 75 | €0 | €38,002 | +€38,002 | +34547072.7% |
| Financial charges | 65/66B | €121,315 | €124,632 | +€3,318 | +2.7% |
| Recurring financial charges | 65 | €121,315 | €124,632 | +€3,318 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | -€74,900 | -€54,726 | +€20,174 | +26.9% |
| Profit (loss) for the period | 9904 | -€74,900 | -€54,726 | +€20,174 | +26.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€74,900 | -€54,726 | +€20,174 | +26.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.