IMMO SM: 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 SM
Largest movements
- Deferred charges and accrued income +€182
new in 2025: €182
- Profit (loss) carried forward -€1,755
down €1,755 (-4.8%), from -€36,844 to -€38,599
- Other debts +€1,537
up €1,537 (+8.4%), from €18,277 to €19,814
- Trade debts +€400
new in 2025: €400
- Gross operating margin -€1,755
new in 2025: -€1,755
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
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 | €33 | €214 | +€182 | +556.4% |
| Current assets | 29/58 | €33 | €214 | +€182 | +556.4% |
| Cash at bank and in hand | 54/58 | €33 | €33 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | - | €182 | +€182 | |
| Total equity and liabilities | 10/49 | €33 | €214 | +€182 | +556.4% |
| Equity | 10/15 | -€18,244 | -€19,999 | -€1,755 | -9.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,844 | -€38,599 | -€1,755 | -4.8% |
| Amounts payable | 17/49 | €18,277 | €20,213 | +€1,937 | +10.6% |
| Amounts payable within one year | 42/48 | €18,277 | €20,213 | +€1,937 | +10.6% |
| Trade debts | 44 | - | €400 | +€400 | |
| Suppliers | 440/4 | - | €400 | +€400 | |
| Other amounts payable | 47/48 | €18,277 | €19,814 | +€1,537 | +8.4% |
| Gross operating margin | 9900 | - | -€1,755 | -€1,755 | |
| Operating profit (loss) | 9901 | - | -€1,755 | -€1,755 | |
| Profit (loss) for the period before taxes | 9903 | - | -€1,755 | -€1,755 | |
| Profit (loss) for the period | 9904 | - | -€1,755 | -€1,755 | |
| Profit (loss) for the period to be appropriated | 9905 | - | -€1,755 | -€1,755 |
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 4 October 2026 via checked.be.