IMMO SIERZANT: 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.
What changed
IMMO SIERZANT
NACE 46.649, Wholesale of other machinery and equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€103,318
2024 · €69,138+€34,180
Equity
€2.7m
2024 · €2.6m+€103,318
Cash
€431,660
2024 · €473,140-€41,480
Balance sheet total
€8.5m
2024 · €8.7m-€112,530
Largest movements
Assets
- Tangible fixed assets -€197,210
down €197,210 (-2.6%), from €7.7m to €7.5m
of which Land and buildings: -€239,368
- Receivables within one year +€128,656
up €128,656 (+28.2%), from €456,861 to €585,517
of which Other amounts receivable: +€110,637
Equity and liabilities
- Other debts -€108,175
down €108,175 (-7.9%), from €1.4m to €1.3m
- Profit (loss) carried forward +€103,318
up €103,318 (+45.5%), from -€226,971 to -€123,654
Income statement
- Financial charges -€20,818
down €20,818 (-11.7%), from €177,287 to €156,469
- Other operating charges -€12,611
down €12,611 (-14.4%), from €87,376 to €74,764
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.
Result 2024
€69,138
Gross operating margin
-€2,074
Staff costs
+€155
Depreciation
+€864
Other operating charges
+€12,611
Financial income
+€1,849
Financial charges
+€20,818
Taxes
-€44
Result 2025
€103,318
raises the resultlowers the result
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.
From operations
+€140,795
Investment
-€103,820
Financing
-€78,456
Cash 2024
€473,140
From operations (derived)
+€140,795
Net result for the year
+€103,318
Depreciation
+€301,030
Receivables within one year
-€128,656
Deferred charges and accrued income
+€2,496
Trade debts
-€10,547
Tax, wage and social debts
-€9,490
Other debts
-€108,175
Accrued charges and deferred income
-€9,180
Investment (derived)
-€103,820
Investment in fixed assets (net)
-€103,820
Financing
-€78,456
Debts after one year
-€80,713
Current portion of long-term debt
+€2,257
Cash 2025
€431,660
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,655,382 | €8,542,852 | -€112,530 | -1.3% |
| Fixed assets | 21/28 | €7,705,342 | €7,508,132 | -€197,210 | -2.6% |
| Tangible fixed assets | 22/27 | €7,705,252 | €7,508,042 | -€197,210 | -2.6% |
| Land and buildings | 22 | €7,400,863 | €7,161,495 | -€239,368 | -3.2% |
| Plant, machinery and equipment | 23 | €283,350 | €329,065 | +€45,715 | +16.1% |
| Furniture and vehicles | 24 | €21,040 | €17,482 | -€3,558 | -16.9% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €950,039 | €1,034,719 | +€84,680 | +8.9% |
| Amounts receivable within one year | 40/41 | €456,861 | €585,517 | +€128,656 | +28.2% |
| Trade receivables | 40 | €21,131 | €39,150 | +€18,019 | +85.3% |
| Other amounts receivable | 41 | €435,730 | €546,368 | +€110,637 | +25.4% |
| Cash at bank and in hand | 54/58 | €473,140 | €431,660 | -€41,480 | -8.8% |
| Deferred charges and accrued income | 490/1 | €20,038 | €17,542 | -€2,496 | -12.5% |
| Total equity and liabilities | 10/49 | €8,655,382 | €8,542,852 | -€112,530 | -1.3% |
| Equity | 10/15 | €2,563,829 | €2,667,146 | +€103,318 | +4.0% |
| Contributions | 10/11 | €2,790,800 | €2,790,800 | = | 0.0% |
| Capital | 10 | €2,790,800 | €2,790,800 | = | 0.0% |
| Issued capital | 100 | €2,790,800 | €2,790,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€226,971 | -€123,654 | +€103,318 | +45.5% |
| Amounts payable | 17/49 | €6,091,553 | €5,875,705 | -€215,848 | -3.5% |
| Amounts payable after more than one year | 17 | €4,529,140 | €4,448,427 | -€80,713 | -1.8% |
| Financial debts | 170/4 | €4,529,140 | €4,448,427 | -€80,713 | -1.8% |
| Amounts payable within one year | 42/48 | €1,501,160 | €1,375,205 | -€125,955 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | €78,456 | €80,713 | +€2,257 | +2.9% |
| Trade debts | 44 | €40,541 | €29,994 | -€10,547 | -26.0% |
| Suppliers | 440/4 | €40,541 | €29,994 | -€10,547 | -26.0% |
| Taxes, remuneration and social security | 45 | €16,329 | €6,838 | -€9,490 | -58.1% |
| Taxes | 450/3 | €9,220 | €6,386 | -€2,835 | -30.7% |
| Remuneration and social security | 454/9 | €7,108 | €453 | -€6,656 | -93.6% |
| Other amounts payable | 47/48 | €1,365,835 | €1,257,659 | -€108,175 | -7.9% |
| Accrued charges and deferred income | 492/3 | €61,253 | €52,073 | -€9,180 | -15.0% |
| Non-recurring operating income | 76A | €4,566 | - | -€4,566 | |
| Remuneration, social security and pensions | 62 | €40,668 | €40,513 | -€155 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €301,894 | €301,030 | -€864 | -0.3% |
| Other operating charges | 640/8 | €87,376 | €74,764 | -€12,611 | -14.4% |
| Gross operating margin | 9900 | €666,333 | €664,259 | -€2,074 | -0.3% |
| Operating profit (loss) | 9901 | €236,395 | €247,952 | +€11,557 | +4.9% |
| Financial income | 75/76B | €10,196 | €12,044 | +€1,849 | +18.1% |
| Recurring financial income | 75 | €10,196 | €12,044 | +€1,849 | +18.1% |
| Financial charges | 65/66B | €177,287 | €156,469 | -€20,818 | -11.7% |
| Recurring financial charges | 65 | €177,287 | €156,469 | -€20,818 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €69,303 | €103,527 | +€34,224 | +49.4% |
| Income taxes | 67/77 | €165 | €209 | +€44 | +26.7% |
| Profit (loss) for the period | 9904 | €69,138 | €103,318 | +€34,180 | +49.4% |
| Profit (loss) for the period to be appropriated | 9905 | €69,138 | €103,318 | +€34,180 | +49.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.