IMMO SCHELLES: 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 SCHELLES
Largest movements
- Tangible fixed assets +€495,084
up €495,084 (+109.1%), from €453,887 to €948,971
of which Furniture and vehicles: +€282,718
- Cash -€58,982
down €58,982 (-77.2%), from €76,432 to €17,449
mainly Investment in fixed assets (net) (-€641,013) and Net result for the year (-€33,853)
- Receivables within one year -€11,141
down €11,141 (-8.0%), from €138,792 to €127,651
of which Trade receivables: -€63,835
- Debts after one year +€406,219
up €406,219 (+122.1%), from €332,653 to €738,872
- Current portion of long-term debt +€49,173
up €49,173 (+49.9%), from €98,541 to €147,714
- Profit (loss) carried forward -€33,853
new in 2025: -€33,853
- Trade debts +€19,023
up €19,023 (+113.2%), from €16,802 to €35,825
- Gross operating margin -€81,091
down €81,091 (-37.2%), from €218,176 to €137,085
- Depreciation +€61,579
up €61,579 (+73.0%), from €84,350 to €145,929
- Taxes -€28,510
down €28,510 (-99.1%), from €28,767 to €257
- Financial charges +€4,797
up €4,797 (+35.6%), from €13,469 to €18,265
- Other operating charges +€2,694
up €2,694 (+70.0%), from €3,851 to €6,545
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 | €674,759 | €1,105,464 | +€430,705 | +63.8% |
| Fixed assets | 21/28 | €453,887 | €948,971 | +€495,084 | +109.1% |
| Tangible fixed assets | 22/27 | €453,887 | €948,971 | +€495,084 | +109.1% |
| Land and buildings | 22 | €318,797 | €589,169 | +€270,372 | +84.8% |
| Plant, machinery and equipment | 23 | €11,719 | €4,359 | -€7,360 | -62.8% |
| Furniture and vehicles | 24 | €7,204 | €289,922 | +€282,718 | +3924.4% |
| Leasing and similar rights | 25 | €78,917 | €32,976 | -€45,940 | -58.2% |
| Other tangible fixed assets | 26 | €37,250 | €32,545 | -€4,705 | -12.6% |
| Current assets | 29/58 | €220,872 | €156,493 | -€64,379 | -29.1% |
| Amounts receivable within one year | 40/41 | €138,792 | €127,651 | -€11,141 | -8.0% |
| Trade receivables | 40 | €138,792 | €74,958 | -€63,835 | -46.0% |
| Other amounts receivable | 41 | - | €52,693 | +€52,693 | |
| Cash at bank and in hand | 54/58 | €76,432 | €17,449 | -€58,982 | -77.2% |
| Deferred charges and accrued income | 490/1 | €5,648 | €11,392 | +€5,744 | +101.7% |
| Total equity and liabilities | 10/49 | €674,759 | €1,105,464 | +€430,705 | +63.8% |
| Equity | 10/15 | €188,896 | €155,043 | -€33,853 | -17.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €182,696 | €182,696 | = | 0.0% |
| Distributable reserves | 133 | €182,696 | €182,696 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€33,853 | -€33,853 | |
| Amounts payable | 17/49 | €485,863 | €950,421 | +€464,558 | +95.6% |
| Amounts payable after more than one year | 17 | €332,653 | €738,872 | +€406,219 | +122.1% |
| Financial debts | 170/4 | €332,653 | €738,872 | +€406,219 | +122.1% |
| Amounts payable within one year | 42/48 | €153,210 | €211,149 | +€57,939 | +37.8% |
| Current portion of amounts payable after more than one year | 42 | €98,541 | €147,714 | +€49,173 | +49.9% |
| Trade debts | 44 | €16,802 | €35,825 | +€19,023 | +113.2% |
| Suppliers | 440/4 | €16,802 | €35,825 | +€19,023 | +113.2% |
| Taxes, remuneration and social security | 45 | €24,440 | €20,027 | -€4,413 | -18.1% |
| Taxes | 450/3 | €24,440 | €15,681 | -€8,759 | -35.8% |
| Remuneration and social security | 454/9 | - | €4,346 | +€4,346 | |
| Other amounts payable | 47/48 | €13,427 | €7,583 | -€5,844 | -43.5% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,350 | €145,929 | +€61,579 | +73.0% |
| Other operating charges | 640/8 | €3,851 | €6,545 | +€2,694 | +70.0% |
| Gross operating margin | 9900 | €218,176 | €137,085 | -€81,091 | -37.2% |
| Operating profit (loss) | 9901 | €129,975 | -€15,389 | -€145,365 | |
| Financial income | 75/76B | - | €58 | +€58 | |
| Recurring financial income | 75 | - | €58 | +€58 | |
| Financial charges | 65/66B | €13,469 | €18,265 | +€4,797 | +35.6% |
| Recurring financial charges | 65 | €13,469 | €18,265 | +€4,797 | +35.6% |
| Profit (loss) for the period before taxes | 9903 | €116,507 | -€33,597 | -€150,104 | |
| Income taxes | 67/77 | €28,767 | €257 | -€28,510 | -99.1% |
| Profit (loss) for the period | 9904 | €87,740 | -€33,853 | -€121,593 | |
| Profit (loss) for the period to be appropriated | 9905 | €87,740 | -€33,853 | -€121,593 |
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 9 October 2026 via checked.be.