IMMO SERRA: 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 SERRA
Largest movements
- Cash -€21,302
down €21,302 (-44.5%), from €47,916 to €26,614
mainly Net result for the year (-€17,478) and Deferred charges and accrued income (-€4,507)
- Profit (loss) carried forward -€17,478
down €17,478 (-18.1%), from -€96,692 to -€114,170
- Gross operating margin -€6,385
down €6,385 (-173.9%), from -€3,671 to -€10,056
- Other operating charges +€224
up €224 (+3.1%), from €7,125 to €7,349
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 | €716,329 | €699,534 | -€16,795 | -2.3% |
| Fixed assets | 21/28 | €668,413 | €668,413 | = | 0.0% |
| Tangible fixed assets | 22/27 | €668,413 | €668,413 | = | 0.0% |
| Land and buildings | 22 | €668,413 | €668,413 | = | 0.0% |
| Current assets | 29/58 | €47,916 | €31,121 | -€16,795 | -35.1% |
| Cash at bank and in hand | 54/58 | €47,916 | €26,614 | -€21,302 | -44.5% |
| Deferred charges and accrued income | 490/1 | - | €4,507 | +€4,507 | |
| Total equity and liabilities | 10/49 | €716,329 | €699,534 | -€16,795 | -2.3% |
| Equity | 10/15 | €716,308 | €698,830 | -€17,478 | -2.4% |
| Contributions | 10/11 | €813,000 | €813,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€96,692 | -€114,170 | -€17,478 | -18.1% |
| Amounts payable | 17/49 | €21 | €704 | +€683 | +3191.7% |
| Amounts payable after more than one year | 17 | - | €704 | +€704 | |
| Trade debts | 175 | - | €704 | +€704 | |
| Amounts payable within one year | 42/48 | €21 | - | -€21 | |
| Trade debts | 44 | €21 | - | -€21 | |
| Suppliers | 440/4 | €21 | - | -€21 | |
| Other operating charges | 640/8 | €7,125 | €7,349 | +€224 | +3.1% |
| Gross operating margin | 9900 | -€3,671 | -€10,056 | -€6,385 | -173.9% |
| Operating profit (loss) | 9901 | -€10,796 | -€17,405 | -€6,609 | -61.2% |
| Financial charges | 65/66B | €72 | €73 | +€2 | +2.4% |
| Recurring financial charges | 65 | €72 | €73 | +€2 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,867 | -€17,478 | -€6,610 | -60.8% |
| Profit (loss) for the period | 9904 | -€10,867 | -€17,478 | -€6,610 | -60.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,867 | -€17,478 | -€6,610 | -60.8% |
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 6 October 2026 via checked.be.