IMMO SHAAN: 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 SHAAN
Largest movements
- Cash -€19,821
no longer reported in 2025 (was €19,821)
mainly Receivables within one year (-€18,000) and Debts after one year (-€13,831)
- Receivables within one year +€18,000
new in 2025: €18,000
- Tangible fixed assets -€8,027
down €8,027 (-2.8%), from €287,703 to €279,677
- Debts after one year -€13,831
down €13,831 (-6.7%), from €206,716 to €192,885
- Other debts -€8,050
down €8,050 (-17.5%), from €46,131 to €38,081
- Short-term financial debts +€4,723
up €4,723 (+34.2%), from €13,805 to €18,528
- Profit (loss) carried forward +€4,577
up €4,577 (+13.8%), from €33,086 to €37,663
- Trade debts +€4,388
new in 2025: €4,388
- Gross operating margin -€4,634
down €4,634 (-15.3%), from €30,334 to €25,700
- Taxes -€1,617
down €1,617 (-49.3%), from €3,283 to €1,666
- Other operating charges +€1,599
up €1,599 (+34.1%), from €4,691 to €6,290
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 | €307,525 | €300,427 | -€7,098 | -2.3% |
| Fixed assets | 21/28 | €287,703 | €279,677 | -€8,027 | -2.8% |
| Tangible fixed assets | 22/27 | €287,703 | €279,677 | -€8,027 | -2.8% |
| Land and buildings | 22 | €287,703 | €279,677 | -€8,027 | -2.8% |
| Current assets | 29/58 | €19,821 | €20,750 | +€929 | +4.7% |
| Amounts receivable within one year | 40/41 | - | €18,000 | +€18,000 | |
| Other amounts receivable | 41 | - | €18,000 | +€18,000 | |
| Cash at bank and in hand | 54/58 | €19,821 | - | -€19,821 | |
| Deferred charges and accrued income | 490/1 | - | €2,750 | +€2,750 | |
| Total equity and liabilities | 10/49 | €307,525 | €300,427 | -€7,098 | -2.3% |
| Equity | 10/15 | €39,721 | €44,298 | +€4,577 | +11.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €435 | €435 | = | 0.0% |
| Non-distributable reserves | 130/1 | €435 | €435 | = | 0.0% |
| Reserves not available under the articles | 1311 | €435 | €435 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,086 | €37,663 | +€4,577 | +13.8% |
| Amounts payable | 17/49 | €267,803 | €256,129 | -€11,675 | -4.4% |
| Amounts payable after more than one year | 17 | €206,716 | €192,885 | -€13,831 | -6.7% |
| Financial debts | 170/4 | €206,716 | €192,885 | -€13,831 | -6.7% |
| Amounts payable within one year | 42/48 | €60,603 | €62,663 | +€2,060 | +3.4% |
| Financial debts | 43 | €13,805 | €18,528 | +€4,723 | +34.2% |
| Credit institutions | 430/8 | €13,805 | €18,528 | +€4,723 | +34.2% |
| Trade debts | 44 | - | €4,388 | +€4,388 | |
| Suppliers | 440/4 | - | €4,388 | +€4,388 | |
| Taxes, remuneration and social security | 45 | €667 | €1,666 | +€999 | +150% |
| Taxes | 450/3 | €667 | €1,666 | +€999 | +150% |
| Other amounts payable | 47/48 | €46,131 | €38,081 | -€8,050 | -17.5% |
| Accrued charges and deferred income | 492/3 | €484 | €581 | +€97 | +20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,027 | €8,027 | = | 0.0% |
| Other operating charges | 640/8 | €4,691 | €6,290 | +€1,599 | +34.1% |
| Gross operating margin | 9900 | €30,334 | €25,700 | -€4,634 | -15.3% |
| Operating profit (loss) | 9901 | €17,616 | €11,383 | -€6,233 | -35.4% |
| Financial charges | 65/66B | €5,443 | €5,140 | -€303 | -5.6% |
| Recurring financial charges | 65 | €5,443 | €5,140 | -€303 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €12,173 | €6,243 | -€5,930 | -48.7% |
| Income taxes | 67/77 | €3,283 | €1,666 | -€1,617 | -49.3% |
| Profit (loss) for the period | 9904 | €8,890 | €4,577 | -€4,313 | -48.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,890 | €4,577 | -€4,313 | -48.5% |
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 17 October 2026 via checked.be.