Immo Smets: 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 Smets
Largest movements
- Cash +€71,831
up €71,831 (+12641.2%), from €568 to €72,399
mainly Provisions (+€103,000) and Net result for the year (+€73,303)
- Tangible fixed assets -€18,585
down €18,585 (-4.9%), from €380,985 to €362,400
- Receivables within one year -€9,948
down €9,948 (-99.9%), from €9,955 to €8
of which Trade receivables: -€7,568
- Debts after one year -€111,750
no longer reported in 2025 (was €111,750)
- Provisions +€103,000
new in 2025: €103,000
- Profit (loss) carried forward +€67,511
no longer reported in 2025 (was -€67,511)
- Current portion of long-term debt -€22,613
no longer reported in 2025 (was €22,613)
- Other debts +€12,974
up €12,974 (+30.6%), from €42,448 to €55,423
- Gross operating margin +€185,570
up €185,570 (+829.8%), from €22,363 to €207,933
- Provisions +€103,000
new in 2025: €103,000
- Taxes +€2,492
new in 2025: €2,492
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 | €391,509 | €434,807 | +€43,298 | +11.1% |
| Fixed assets | 21/28 | €380,985 | €362,400 | -€18,585 | -4.9% |
| Tangible fixed assets | 22/27 | €380,985 | €362,400 | -€18,585 | -4.9% |
| Land and buildings | 22 | €380,985 | €362,400 | -€18,585 | -4.9% |
| Current assets | 29/58 | €10,523 | €72,407 | +€61,883 | +588.0% |
| Amounts receivable within one year | 40/41 | €9,955 | €8 | -€9,948 | -99.9% |
| Trade receivables | 40 | €7,568 | - | -€7,568 | |
| Other amounts receivable | 41 | €2,387 | €8 | -€2,380 | -99.7% |
| Cash at bank and in hand | 54/58 | €568 | €72,399 | +€71,831 | +12641.2% |
| Total equity and liabilities | 10/49 | €391,509 | €434,807 | +€43,298 | +11.1% |
| Equity | 10/15 | €203,081 | €276,384 | +€73,303 | +36.1% |
| Contributions | 10/11 | €270,592 | €270,592 | = | 0.0% |
| Reserves | 13 | - | €5,792 | +€5,792 | |
| Distributable reserves | 133 | - | €5,792 | +€5,792 | |
| Profit (loss) carried forward | 14 | -€67,511 | - | +€67,511 | |
| Provisions and deferred taxes | 16 | - | €103,000 | +€103,000 | |
| Provisions for liabilities and charges | 160/5 | - | €103,000 | +€103,000 | |
| Major repairs and maintenance | 162 | - | €103,000 | +€103,000 | |
| Amounts payable | 17/49 | €188,428 | €55,423 | -€133,005 | -70.6% |
| Amounts payable after more than one year | 17 | €111,750 | - | -€111,750 | |
| Financial debts | 170/4 | €111,750 | - | -€111,750 | |
| Amounts payable within one year | 42/48 | €76,677 | €55,423 | -€21,255 | -27.7% |
| Current portion of amounts payable after more than one year | 42 | €22,613 | - | -€22,613 | |
| Trade debts | 44 | €11,616 | - | -€11,616 | |
| Suppliers | 440/4 | €11,616 | - | -€11,616 | |
| Other amounts payable | 47/48 | €42,448 | €55,423 | +€12,974 | +30.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,585 | €18,585 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €103,000 | +€103,000 | |
| Other operating charges | 640/8 | €9,182 | €8,918 | -€264 | -2.9% |
| Gross operating margin | 9900 | €22,363 | €207,933 | +€185,570 | +829.8% |
| Operating profit (loss) | 9901 | -€5,404 | €77,430 | +€82,834 | |
| Financial charges | 65/66B | €2,334 | €1,635 | -€699 | -30.0% |
| Recurring financial charges | 65 | €2,334 | €1,635 | -€699 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,738 | €75,795 | +€83,533 | |
| Income taxes | 67/77 | - | €2,492 | +€2,492 | |
| Profit (loss) for the period | 9904 | -€7,738 | €73,303 | +€81,041 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,738 | €73,303 | +€81,041 |
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 1 October 2026 via checked.be.