Immo Schoukens: 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 Schoukens
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€22,035
2024 · -€62,734+€40,699
Equity
€285,098
2024 · €307,132-€22,035
Cash
€15,927
2024 · €12,686+€3,241
Balance sheet total
€2.7m
2024 · €3.2m-€484,818
Largest movements
Assets
- Stocks and contracts -€466,968
down €466,968 (-18.1%), from €2.6m to €2.1m
Equity and liabilities
- Short-term financial debts -€375,000
down €375,000 (-24.6%), from €1.5m to €1.2m
- Accrued charges and deferred income -€97,754
down €97,754 (-88.9%), from €109,928 to €12,175
- Other debts +€44,701
up €44,701 (+4.5%), from €1.0m to €1.0m
Income statement
- Gross operating margin +€38,686
up €38,686 (+128%), from €30,267 to €68,953
- Other operating charges +€4,113
up €4,113 (+81.4%), from €5,055 to €9,168
- Financial charges +€4,071
up €4,071 (+5.7%), from €71,854 to €75,926
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
-€62,734
Gross operating margin
+€38,686
Other operating charges
-€4,113
Financial income
-€0
Financial charges
-€4,071
Deferred taxes and other
+€10,197
Result 2025
-€22,035
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
+€400,269
Investment
+€375
Financing
-€397,404
Cash 2024
€12,686
From operations (derived)
+€400,269
Net result for the year
-€22,035
Depreciation
+€19,168
Stocks and contracts
+€466,968
Smaller working-capital items
+€1,214
Deferred charges and accrued income
+€1,277
Provisions
-€13,269
Other debts
+€44,701
Accrued charges and deferred income
-€97,754
Investment (derived)
+€375
Investment in fixed assets (net)
+€375
Financing
-€397,404
Debts after one year
-€22,765
Current portion of long-term debt
+€361
Short-term financial debts
-€375,000
Cash 2025
€15,927
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,151,288 | €2,666,469 | -€484,818 | -15.4% |
| Fixed assets | 21/28 | €556,914 | €537,372 | -€19,543 | -3.5% |
| Tangible fixed assets | 22/27 | €556,539 | €537,372 | -€19,168 | -3.4% |
| Land and buildings | 22 | €556,539 | €537,372 | -€19,168 | -3.4% |
| Financial fixed assets | 28 | €375 | - | -€375 | |
| Current assets | 29/58 | €2,594,373 | €2,129,098 | -€465,276 | -17.9% |
| Stocks and contracts in progress | 3 | €2,578,834 | €2,111,866 | -€466,968 | -18.1% |
| Stocks | 30/36 | €2,578,834 | €2,111,866 | -€466,968 | -18.1% |
| Amounts receivable within one year | 40/41 | €568 | €296 | -€271 | -47.8% |
| Trade receivables | 40 | €568 | €296 | -€271 | -47.8% |
| Cash at bank and in hand | 54/58 | €12,686 | €15,927 | +€3,241 | +25.5% |
| Deferred charges and accrued income | 490/1 | €2,286 | €1,009 | -€1,277 | -55.8% |
| Total equity and liabilities | 10/49 | €3,151,288 | €2,666,469 | -€484,818 | -15.4% |
| Equity | 10/15 | €307,132 | €285,098 | -€22,035 | -7.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €155,106 | €129,337 | -€25,769 | -16.6% |
| Tax-exempt reserves | 132 | €144,213 | €118,444 | -€25,769 | -17.9% |
| Distributable reserves | 133 | €10,893 | €10,893 | = | 0.0% |
| Profit (loss) carried forward | 14 | €133,434 | €137,169 | +€3,734 | +2.8% |
| Provisions and deferred taxes | 16 | €66,424 | €53,155 | -€13,269 | -20.0% |
| Deferred taxes | 168 | €66,424 | €53,155 | -€13,269 | -20.0% |
| Amounts payable | 17/49 | €2,777,731 | €2,328,217 | -€449,514 | -16.2% |
| Amounts payable after more than one year | 17 | €115,216 | €92,451 | -€22,765 | -19.8% |
| Financial debts | 170/4 | €115,216 | €92,451 | -€22,765 | -19.8% |
| Amounts payable within one year | 42/48 | €2,552,587 | €2,223,591 | -€328,996 | -12.9% |
| Current portion of amounts payable after more than one year | 42 | €22,404 | €22,765 | +€361 | +1.6% |
| Financial debts | 43 | €1,525,000 | €1,150,000 | -€375,000 | -24.6% |
| Credit institutions | 430/8 | €1,525,000 | €1,150,000 | -€375,000 | -24.6% |
| Trade debts | 44 | €535 | €1,354 | +€818 | +153% |
| Suppliers | 440/4 | €535 | €1,354 | +€818 | +153% |
| Advances received on contracts in progress | 46 | €61 | - | -€61 | |
| Taxes, remuneration and social security | 45 | €937 | €1,122 | +€185 | +19.7% |
| Taxes | 450/3 | €937 | €1,122 | +€185 | +19.7% |
| Other amounts payable | 47/48 | €1,003,650 | €1,048,351 | +€44,701 | +4.5% |
| Accrued charges and deferred income | 492/3 | €109,928 | €12,175 | -€97,754 | -88.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,168 | €19,168 | = | 0.0% |
| Other operating charges | 640/8 | €5,055 | €9,168 | +€4,113 | +81.4% |
| Gross operating margin | 9900 | €30,267 | €68,953 | +€38,686 | +128% |
| Operating profit (loss) | 9901 | €6,044 | €40,617 | +€34,573 | +572% |
| Financial income | 75/76B | €5 | €4 | -€0 | -1.8% |
| Recurring financial income | 75 | €5 | €4 | -€0 | -1.8% |
| Financial charges | 65/66B | €71,854 | €75,926 | +€4,071 | +5.7% |
| Recurring financial charges | 65 | €71,854 | €75,926 | +€4,071 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | -€65,806 | -€35,304 | +€30,502 | +46.4% |
| Transfer from deferred taxes | 780 | €3,072 | €13,269 | +€10,197 | +332% |
| Profit (loss) for the period | 9904 | -€62,734 | -€22,035 | +€40,699 | +64.9% |
| Transfer from tax-exempt reserves | 789 | €5,966 | €25,769 | +€19,803 | +332% |
| Profit (loss) for the period to be appropriated | 9905 | -€56,768 | €3,734 | +€60,502 |
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 16 October 2026 via checked.be.