IMMO SINT-MICHIEL: what changed
What changed
IMMO SINT-MICHIEL
NACE 96.101, Personal service activities
filed annual accounts (NBB)
Net result for the year
€12,454
2024 · €13,675-€1,221
Equity
€903,484
2024 · €891,030+€12,454
Cash
€524,804
2024 · €533,185-€8,382
Balance sheet total
€967,860
2024 · €1.0m-€32,231
Largest movements
Assets
- Tangible fixed assets -€22,196
down €22,196 (-5.1%), from €438,322 to €416,126
of which Plant, machinery and equipment: -€12,420
Equity and liabilities
- Other debts -€39,869
down €39,869 (-38.5%), from €103,684 to €63,815
- Profit (loss) carried forward +€12,454
up €12,454 (+48.3%), from -€25,807 to -€13,353
Income statement
- Gross operating margin +€2,607
up €2,607 (+3.1%), from €83,760 to €86,366
- Taxes +€1,449
new in 2025: €1,449
- Depreciation +€949
up €949 (+1.8%), from €53,337 to €54,287
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€13,675
Gross operating margin
+€2,607
Depreciation
-€949
Other operating charges
-€661
Financial income
-€694
Financial charges
-€74
Taxes
-€1,449
Result 2025
€12,454
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€23,709
Investment
-€32,091
Financing
€0
Cash 2024
€533,185
From operations (derived)
+€23,709
Net result for the year
+€12,454
Depreciation
+€54,287
Receivables within one year
-€3,610
Deferred charges and accrued income
+€5,263
Trade debts
-€4,815
Other debts
-€39,869
Investment (derived)
-€32,091
Investment in fixed assets (net)
-€32,091
Cash 2025
€524,804
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,000,091 | €967,860 | -€32,231 | -3.2% |
| Fixed assets | 21/28 | €438,322 | €416,126 | -€22,196 | -5.1% |
| Tangible fixed assets | 22/27 | €438,322 | €416,126 | -€22,196 | -5.1% |
| Land and buildings | 22 | €362,817 | €353,041 | -€9,776 | -2.7% |
| Plant, machinery and equipment | 23 | €75,505 | €63,085 | -€12,420 | -16.4% |
| Current assets | 29/58 | €561,769 | €551,735 | -€10,035 | -1.8% |
| Amounts receivable within one year | 40/41 | €9,220 | €12,830 | +€3,610 | +39.2% |
| Trade receivables | 40 | €8,988 | €11,824 | +€2,836 | +31.6% |
| Other amounts receivable | 41 | €232 | €1,006 | +€774 | +334% |
| Cash at bank and in hand | 54/58 | €533,185 | €524,804 | -€8,382 | -1.6% |
| Deferred charges and accrued income | 490/1 | €19,364 | €14,101 | -€5,263 | -27.2% |
| Total equity and liabilities | 10/49 | €1,000,091 | €967,860 | -€32,231 | -3.2% |
| Equity | 10/15 | €891,030 | €903,484 | +€12,454 | +1.4% |
| Contributions | 10/11 | €667,296 | €667,296 | = | 0.0% |
| Reserves | 13 | €249,541 | €249,541 | = | 0.0% |
| Tax-exempt reserves | 132 | €35,483 | €35,483 | = | 0.0% |
| Distributable reserves | 133 | €214,057 | €214,057 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,807 | -€13,353 | +€12,454 | +48.3% |
| Amounts payable | 17/49 | €109,062 | €64,377 | -€44,685 | -41.0% |
| Amounts payable within one year | 42/48 | €109,062 | €64,377 | -€44,685 | -41.0% |
| Trade debts | 44 | €5,377 | €562 | -€4,815 | -89.5% |
| Suppliers | 440/4 | €5,377 | €562 | -€4,815 | -89.5% |
| Other amounts payable | 47/48 | €103,684 | €63,815 | -€39,869 | -38.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,337 | €54,287 | +€949 | +1.8% |
| Other operating charges | 640/8 | €18,309 | €18,971 | +€661 | +3.6% |
| Gross operating margin | 9900 | €83,760 | €86,366 | +€2,607 | +3.1% |
| Operating profit (loss) | 9901 | €12,113 | €13,109 | +€996 | +8.2% |
| Financial income | 75/76B | €2,026 | €1,332 | -€694 | -34.3% |
| Recurring financial income | 75 | €2,026 | €1,332 | -€694 | -34.3% |
| Financial charges | 65/66B | €464 | €539 | +€74 | +16.0% |
| Recurring financial charges | 65 | €464 | €539 | +€74 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | €13,675 | €13,903 | +€228 | +1.7% |
| Income taxes | 67/77 | - | €1,449 | +€1,449 | |
| Profit (loss) for the period | 9904 | €13,675 | €12,454 | -€1,221 | -8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,675 | €12,454 | -€1,221 | -8.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.