IMMO SERNEELS: 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.
IMMO SERNEELS
Largest movements
- Cash +€8,252
up €8,252 (+458%), from €1,800 to €10,052
mainly Other debts (+€6,027) and Deferred charges and accrued income (+€3,352)
- Deferred charges and accrued income -€3,352
down €3,352 (-100%), from €3,352 to €0
- Other debts +€6,027
up €6,027 (+2.3%), from €262,543 to €268,570
- Profit (loss) carried forward -€2,317
down €2,317 (-0.5%), from -€512,801 to -€515,118
- Trade debts +€1,190
up €1,190 (+35.5%), from €3,352 to €4,542
- Gross operating margin +€7,465
up €7,465, from -€5,161 to €2,303
- Other operating charges -€237
down €237 (-5.0%), from €4,709 to €4,472
- Financial charges -€70
down €70 (-31.9%), from €218 to €148
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €79,520 | €84,420 | +€4,900 | +6.2% |
| Fixed assets | 21/28 | €74,368 | €74,368 | = | 0.0% |
| Tangible fixed assets | 22/27 | €74,368 | €74,368 | = | 0.0% |
| Land and buildings | 22 | €74,368 | €74,368 | = | 0.0% |
| Current assets | 29/58 | €5,152 | €10,052 | +€4,900 | +95.1% |
| Cash at bank and in hand | 54/58 | €1,800 | €10,052 | +€8,252 | +458% |
| Deferred charges and accrued income | 490/1 | €3,352 | €0 | -€3,352 | -100% |
| Total equity and liabilities | 10/49 | €79,520 | €84,420 | +€4,900 | +6.2% |
| Equity | 10/15 | -€186,375 | -€188,692 | -€2,317 | -1.2% |
| Contributions | 10/11 | €326,426 | €326,426 | = | 0.0% |
| Capital | 10 | €326,426 | €326,426 | = | 0.0% |
| Issued capital | 100 | €326,426 | €326,426 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€512,801 | -€515,118 | -€2,317 | -0.5% |
| Amounts payable | 17/49 | €265,895 | €273,112 | +€7,217 | +2.7% |
| Amounts payable within one year | 42/48 | €265,895 | €273,112 | +€7,217 | +2.7% |
| Trade debts | 44 | €3,352 | €4,542 | +€1,190 | +35.5% |
| Suppliers | 440/4 | €3,352 | €4,542 | +€1,190 | +35.5% |
| Other amounts payable | 47/48 | €262,543 | €268,570 | +€6,027 | +2.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €4,709 | €4,472 | -€237 | -5.0% |
| Gross operating margin | 9900 | -€5,161 | €2,303 | +€7,465 | |
| Operating profit (loss) | 9901 | -€9,870 | -€2,168 | +€7,702 | +78.0% |
| Financial charges | 65/66B | €218 | €148 | -€70 | -31.9% |
| Recurring financial charges | 65 | €218 | €148 | -€70 | -31.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,088 | -€2,317 | +€7,771 | +77.0% |
| Profit (loss) for the period | 9904 | -€10,088 | -€2,317 | +€7,771 | +77.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,088 | -€2,317 | +€7,771 | +77.0% |
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 23 October 2026 via checked.be.