IMMO SEM: 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 SEM
Largest movements
- Receivables within one year -€6,292
down €6,292 (-1.6%), from €400,000 to €393,708
- Other debts -€2.3m
no longer reported in 2025 (was €2.3m)
- Debts after one year +€2.3m
new in 2025: €2.3m
- Profit (loss) carried forward -€4,965
down €4,965 (-0.3%), from -€2.0m to -€2.0m
- Financial income -€640,544
no longer reported in 2025 (was €640,544)
of which Non-recurring financial income: -€636,375
- Other operating charges +€4,415
new in 2025: €4,415
- Taxes -€1,251
no longer reported in 2025 (was €1,251)
- Gross operating margin +€565
no longer reported in 2025 (was -€565)
- Financial charges -€196
down €196 (-26.3%), from €747 to €551
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 | €412,698 | €402,612 | -€10,086 | -2.4% |
| Current assets | 29/58 | €412,698 | €402,612 | -€10,086 | -2.4% |
| Amounts receivable within one year | 40/41 | €400,000 | €393,708 | -€6,292 | -1.6% |
| Other amounts receivable | 41 | €400,000 | €393,708 | -€6,292 | -1.6% |
| Cash at bank and in hand | 54/58 | €12,698 | €8,905 | -€3,794 | -29.9% |
| Total equity and liabilities | 10/49 | €412,698 | €402,612 | -€10,086 | -2.4% |
| Equity | 10/15 | -€1,913,717 | -€1,918,682 | -€4,965 | -0.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,975,217 | -€1,980,182 | -€4,965 | -0.3% |
| Amounts payable | 17/49 | €2,326,415 | €2,321,295 | -€5,120 | -0.2% |
| Amounts payable after more than one year | 17 | - | €2,305,083 | +€2.3m | |
| Financial debts | 170/4 | - | €2,305,083 | +€2.3m | |
| Amounts payable within one year | 42/48 | €2,326,415 | €16,212 | -€2.3m | -99.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €16,300 | €16,212 | -€88 | -0.5% |
| Suppliers | 440/4 | €16,300 | €16,212 | -€88 | -0.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,310,115 | - | -€2.3m | |
| Other operating charges | 640/8 | - | €4,415 | +€4,415 | |
| Gross operating margin | 9900 | -€565 | - | +€565 | |
| Operating profit (loss) | 9901 | -€565 | -€4,415 | -€3,849 | -680.9% |
| Financial income | 75/76B | €640,544 | - | -€640,544 | |
| Recurring financial income | 75 | €4,170 | - | -€4,170 | |
| Non-recurring financial income | 76B | €636,375 | - | -€636,375 | |
| Financial charges | 65/66B | €747 | €551 | -€196 | -26.3% |
| Recurring financial charges | 65 | €747 | €551 | -€196 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €639,232 | -€4,965 | -€644,197 | |
| Income taxes | 67/77 | €1,251 | - | -€1,251 | |
| Profit (loss) for the period | 9904 | €637,981 | -€4,965 | -€642,946 | |
| Profit (loss) for the period to be appropriated | 9905 | €637,981 | -€4,965 | -€642,946 |
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.