Immo SD: 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 SD
Largest movements
- Tangible fixed assets -€12,749
down €12,749 (-5.9%), from €215,968 to €203,219
- Other debts -€159,190
down €159,190 (-96.9%), from €164,339 to €5,149
- Debts after one year +€134,889
up €134,889 (+95.0%), from €141,937 to €276,826
- Current portion of long-term debt +€9,613
up €9,613 (+91.3%), from €10,532 to €20,145
- Turnover -€17,400
no longer reported in 2025 (was €17,400)
- Gross operating margin +€12,985
up €12,985 (+97.5%), from €13,314 to €26,299
- Financial charges +€5,530
up €5,530 (+112.7%), from €4,905 to €10,435
- Purchases and services -€4,086
no longer reported in 2025 (was €4,086)
- Taxes +€542
new in 2025: €542
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 | €217,811 | €206,105 | -€11,706 | -5.4% |
| Fixed assets | 21/28 | €215,968 | €203,219 | -€12,749 | -5.9% |
| Tangible fixed assets | 22/27 | €215,968 | €203,219 | -€12,749 | -5.9% |
| Land and buildings | 22 | €215,968 | €203,219 | -€12,749 | -5.9% |
| Current assets | 29/58 | €1,843 | €2,886 | +€1,043 | +56.6% |
| Cash at bank and in hand | 54/58 | €1,843 | €2,640 | +€798 | +43.3% |
| Deferred charges and accrued income | 490/1 | - | €245 | +€245 | |
| Total equity and liabilities | 10/49 | €217,811 | €206,105 | -€11,706 | -5.4% |
| Equity | 10/15 | -€100,319 | -€98,872 | +€1,447 | +1.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,519 | -€105,072 | +€1,447 | +1.4% |
| Amounts payable | 17/49 | €318,130 | €304,977 | -€13,153 | -4.1% |
| Amounts payable after more than one year | 17 | €141,937 | €276,826 | +€134,889 | +95.0% |
| Financial debts | 170/4 | €141,937 | €276,826 | +€134,889 | +95.0% |
| Amounts payable within one year | 42/48 | €176,193 | €28,150 | -€148,042 | -84.0% |
| Current portion of amounts payable after more than one year | 42 | €10,532 | €20,145 | +€9,613 | +91.3% |
| Trade debts | 44 | €1,322 | €2,315 | +€993 | +75.1% |
| Suppliers | 440/4 | €1,322 | €2,315 | +€993 | +75.1% |
| Taxes, remuneration and social security | 45 | - | €542 | +€542 | |
| Taxes | 450/3 | - | €542 | +€542 | |
| Other amounts payable | 47/48 | €164,339 | €5,149 | -€159,190 | -96.9% |
| Turnover | 70 | €17,400 | - | -€17,400 | |
| Goods, raw materials, services and sundry goods | 60/61 | €4,086 | - | -€4,086 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,749 | €12,749 | = | 0.0% |
| Other operating charges | 640/8 | €943 | €1,127 | +€183 | +19.4% |
| Gross operating margin | 9900 | €13,314 | €26,299 | +€12,985 | +97.5% |
| Operating profit (loss) | 9901 | -€378 | €12,424 | +€12,802 | |
| Financial charges | 65/66B | €4,905 | €10,435 | +€5,530 | +112.7% |
| Recurring financial charges | 65 | €4,905 | €10,435 | +€5,530 | +112.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,283 | €1,989 | +€7,272 | |
| Income taxes | 67/77 | - | €542 | +€542 | |
| Profit (loss) for the period | 9904 | -€5,283 | €1,447 | +€6,730 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,283 | €1,447 | +€6,730 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.