IMMO - SEBER: 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 - SEBER
Largest movements
- Tangible fixed assets -€33,488
down €33,488 (-8.5%), from €392,969 to €359,481
- Cash -€10,462
down €10,462 (-95.6%), from €10,946 to €485
mainly Net result for the year (-€59,071) and Trade debts (-€8,290)
- Profit (loss) carried forward -€59,071
down €59,071 (-101.0%), from -€58,512 to -€117,583
- Other debts +€30,606
up €30,606 (+671.7%), from €4,556 to €35,163
- Trade debts -€8,290
down €8,290 (-76.6%), from €10,828 to €2,538
- Current portion of long-term debt -€7,863
no longer reported in 2025 (was €7,863)
- Gross operating margin +€27,404
up €27,404 (+53.2%), from -€51,531 to -€24,126
- Other operating charges +€7,105
up €7,105 (+1848.1%), from €384 to €7,489
- Depreciation -€2,880
down €2,880 (-9.6%), from €29,979 to €27,099
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 | €408,759 | €364,141 | -€44,618 | -10.9% |
| Fixed assets | 21/28 | €392,969 | €359,481 | -€33,488 | -8.5% |
| Tangible fixed assets | 22/27 | €392,969 | €359,481 | -€33,488 | -8.5% |
| Land and buildings | 22 | €392,969 | €359,481 | -€33,488 | -8.5% |
| Current assets | 29/58 | €15,790 | €4,660 | -€11,130 | -70.5% |
| Amounts receivable within one year | 40/41 | €3,007 | €3,007 | = | 0.0% |
| Other amounts receivable | 41 | €3,007 | €3,007 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,946 | €485 | -€10,462 | -95.6% |
| Deferred charges and accrued income | 490/1 | €1,837 | €1,168 | -€669 | -36.4% |
| Total equity and liabilities | 10/49 | €408,759 | €364,141 | -€44,618 | -10.9% |
| Equity | 10/15 | €385,511 | €326,441 | -€59,071 | -15.3% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | - | €74,368 | +€74,368 | |
| Issued capital | 100 | - | €74,368 | +€74,368 | |
| Reserves | 13 | €369,656 | €369,656 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,437 | €7,437 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,965 | €16,965 | = | 0.0% |
| Distributable reserves | 133 | €345,254 | €345,254 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,512 | -€117,583 | -€59,071 | -101.0% |
| Amounts payable | 17/49 | €23,247 | €37,701 | +€14,453 | +62.2% |
| Amounts payable within one year | 42/48 | €23,247 | €37,701 | +€14,453 | +62.2% |
| Current portion of amounts payable after more than one year | 42 | €7,863 | - | -€7,863 | |
| Trade debts | 44 | €10,828 | €2,538 | -€8,290 | -76.6% |
| Suppliers | 440/4 | €10,828 | €2,538 | -€8,290 | -76.6% |
| Other amounts payable | 47/48 | €4,556 | €35,163 | +€30,606 | +671.7% |
| Non-recurring operating income | 76A | - | €889 | +€889 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,979 | €27,099 | -€2,880 | -9.6% |
| Other operating charges | 640/8 | €384 | €7,489 | +€7,105 | +1848.1% |
| Gross operating margin | 9900 | -€51,531 | -€24,126 | +€27,404 | +53.2% |
| Operating profit (loss) | 9901 | -€81,894 | -€58,715 | +€23,179 | +28.3% |
| Financial charges | 65/66B | €751 | €356 | -€395 | -52.6% |
| Recurring financial charges | 65 | €751 | €356 | -€395 | -52.6% |
| Profit (loss) for the period before taxes | 9903 | -€82,645 | -€59,071 | +€23,574 | +28.5% |
| Profit (loss) for the period | 9904 | -€82,645 | -€59,071 | +€23,574 | +28.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€82,645 | -€59,071 | +€23,574 | +28.5% |
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 7 October 2026 via checked.be.