IMMO SOEF: 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 SOEF
Largest movements
- Cash -€28,073
down €28,073 (-33.7%), from €83,223 to €55,150
mainly Debts after one year (-€40,953) and Investment in fixed assets (net) (-€33,279)
- Reserves +€51,098
up €51,098 (+20.0%), from €256,060 to €307,158
of which Distributable reserves: +€51,098
- Debts after one year -€40,953
down €40,953 (-4.7%), from €872,392 to €831,439
- Current portion of long-term debt -€25,452
down €25,452 (-38.3%), from €66,405 to €40,953
- Depreciation -€1,783
down €1,783 (-3.9%), from €46,058 to €44,274
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 | €1,365,485 | €1,331,758 | -€33,727 | -2.5% |
| Fixed assets | 21/28 | €1,282,255 | €1,271,260 | -€10,995 | -0.9% |
| Tangible fixed assets | 22/27 | €1,282,255 | €1,271,260 | -€10,995 | -0.9% |
| Land and buildings | 22 | €1,282,255 | €1,240,202 | -€42,053 | -3.3% |
| Plant, machinery and equipment | 23 | - | €31,058 | +€31,058 | |
| Current assets | 29/58 | €83,230 | €60,497 | -€22,732 | -27.3% |
| Amounts receivable within one year | 40/41 | €7 | €5,347 | +€5,341 | +82,164% |
| Trade receivables | 40 | - | €4,751 | +€4,751 | |
| Other amounts receivable | 41 | €7 | €597 | +€590 | +9,078% |
| Cash at bank and in hand | 54/58 | €83,223 | €55,150 | -€28,073 | -33.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,365,485 | €1,331,758 | -€33,727 | -2.5% |
| Equity | 10/15 | €331,607 | €384,396 | +€52,789 | +15.9% |
| Contributions | 10/11 | €24,448 | €24,448 | = | 0.0% |
| Reserves | 13 | €256,060 | €307,158 | +€51,098 | +20.0% |
| Tax-exempt reserves | 132 | €12,367 | €12,367 | = | 0.0% |
| Distributable reserves | 133 | €243,693 | €294,792 | +€51,098 | +21.0% |
| Profit (loss) carried forward | 14 | €51,098 | €52,789 | +€1,691 | +3.3% |
| Amounts payable | 17/49 | €1,033,878 | €947,362 | -€86,516 | -8.4% |
| Amounts payable after more than one year | 17 | €872,392 | €831,439 | -€40,953 | -4.7% |
| Financial debts | 170/4 | €872,392 | €831,439 | -€40,953 | -4.7% |
| Amounts payable within one year | 42/48 | €161,486 | €115,923 | -€45,563 | -28.2% |
| Current portion of amounts payable after more than one year | 42 | €66,405 | €40,953 | -€25,452 | -38.3% |
| Trade debts | 44 | €363 | €1,029 | +€665 | +183% |
| Suppliers | 440/4 | €363 | €1,029 | +€665 | +183% |
| Taxes, remuneration and social security | 45 | €35,796 | €27,538 | -€8,258 | -23.1% |
| Taxes | 450/3 | €35,796 | €27,538 | -€8,258 | -23.1% |
| Other amounts payable | 47/48 | €58,922 | €46,403 | -€12,518 | -21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,058 | €44,274 | -€1,783 | -3.9% |
| Other operating charges | 640/8 | €22,973 | €23,686 | +€713 | +3.1% |
| Gross operating margin | 9900 | €168,321 | €167,059 | -€1,262 | -0.8% |
| Operating profit (loss) | 9901 | €99,291 | €99,099 | -€192 | -0.2% |
| Financial charges | 65/66B | €11,053 | €9,912 | -€1,142 | -10.3% |
| Recurring financial charges | 65 | €11,053 | €9,912 | -€1,142 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €88,238 | €89,187 | +€950 | +1.1% |
| Income taxes | 67/77 | €19,140 | €18,398 | -€742 | -3.9% |
| Profit (loss) for the period | 9904 | €69,098 | €70,789 | +€1,691 | +2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €69,098 | €70,789 | +€1,691 | +2.4% |
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 13 October 2026 via checked.be.