IMMO SOLEIL: 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 SOLEIL
Largest movements
- Cash -€247,644
down €247,644 (-68.1%), from €363,627 to €115,983
mainly Investment in fixed assets (net) (-€168,531) and Debts after one year (-€146,036)
- Stocks and contracts +€123,704
up €123,704 (+2474.1%), from €5,000 to €128,704
- Receivables within one year -€67,424
down €67,424 (-98.2%), from €68,688 to €1,263
of which Other amounts receivable: -€66,940
- Debts after one year -€146,036
down €146,036 (-6.7%), from €2.2m to €2.0m
of which Financial debts: -€146,236
- Gross operating margin +€28,625
up €28,625 (+14.2%), from €201,364 to €229,989
- Depreciation +€26,972
up €26,972 (+21.7%), from €124,331 to €151,303
- Financial income -€23,854
down €23,854 (-89.0%), from €26,789 to €2,935
- Financial charges -€19,668
down €19,668 (-21.7%), from €90,574 to €70,906
- Other operating charges +€8,236
up €8,236 (+30.9%), from €26,658 to €34,894
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 | €3,490,860 | €3,321,576 | -€169,284 | -4.8% |
| Fixed assets | 21/28 | €3,049,179 | €3,066,407 | +€17,228 | +0.6% |
| Tangible fixed assets | 22/27 | €3,049,179 | €3,066,407 | +€17,228 | +0.6% |
| Land and buildings | 22 | €2,396,430 | €2,331,225 | -€65,206 | -2.7% |
| Plant, machinery and equipment | 23 | €652,749 | €735,182 | +€82,433 | +12.6% |
| Current assets | 29/58 | €441,681 | €255,169 | -€186,512 | -42.2% |
| Stocks and contracts in progress | 3 | €5,000 | €128,704 | +€123,704 | +2474.1% |
| Stocks | 30/36 | €5,000 | €128,704 | +€123,704 | +2474.1% |
| Amounts receivable within one year | 40/41 | €68,688 | €1,263 | -€67,424 | -98.2% |
| Trade receivables | 40 | €612 | €128 | -€484 | -79.1% |
| Other amounts receivable | 41 | €68,075 | €1,135 | -€66,940 | -98.3% |
| Cash at bank and in hand | 54/58 | €363,627 | €115,983 | -€247,644 | -68.1% |
| Deferred charges and accrued income | 490/1 | €4,366 | €9,219 | +€4,852 | +111.1% |
| Total equity and liabilities | 10/49 | €3,490,860 | €3,321,576 | -€169,284 | -4.8% |
| Equity | 10/15 | €974,718 | €956,841 | -€17,876 | -1.8% |
| Contributions | 10/11 | €8,600 | €8,600 | = | 0.0% |
| Reserves | 13 | €534,922 | €516,017 | -€18,905 | -3.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €533,062 | €514,157 | -€18,905 | -3.5% |
| Profit (loss) carried forward | 14 | €431,195 | €432,225 | +€1,029 | +0.2% |
| Provisions and deferred taxes | 16 | €177,687 | €171,386 | -€6,302 | -3.5% |
| Deferred taxes | 168 | €177,687 | €171,386 | -€6,302 | -3.5% |
| Amounts payable | 17/49 | €2,338,455 | €2,193,349 | -€145,106 | -6.2% |
| Amounts payable after more than one year | 17 | €2,184,328 | €2,038,291 | -€146,036 | -6.7% |
| Financial debts | 170/4 | €2,173,662 | €2,027,426 | -€146,236 | -6.7% |
| Other amounts payable | 178/9 | €10,666 | €10,866 | +€200 | +1.9% |
| Amounts payable within one year | 42/48 | €148,562 | €151,976 | +€3,414 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €142,558 | €146,236 | +€3,678 | +2.6% |
| Trade debts | 44 | €3,433 | €2,059 | -€1,374 | -40.0% |
| Suppliers | 440/4 | €3,433 | €2,059 | -€1,374 | -40.0% |
| Taxes, remuneration and social security | 45 | €390 | - | -€390 | |
| Taxes | 450/3 | €390 | - | -€390 | |
| Other amounts payable | 47/48 | €2,180 | €3,680 | +€1,500 | +68.8% |
| Accrued charges and deferred income | 492/3 | €5,566 | €3,082 | -€2,484 | -44.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,331 | €151,303 | +€26,972 | +21.7% |
| Other operating charges | 640/8 | €26,658 | €34,894 | +€8,236 | +30.9% |
| Gross operating margin | 9900 | €201,364 | €229,989 | +€28,625 | +14.2% |
| Operating profit (loss) | 9901 | €50,375 | €43,793 | -€6,582 | -13.1% |
| Financial income | 75/76B | €26,789 | €2,935 | -€23,854 | -89.0% |
| Recurring financial income | 75 | €26,789 | €2,935 | -€23,854 | -89.0% |
| Financial charges | 65/66B | €90,574 | €70,906 | -€19,668 | -21.7% |
| Recurring financial charges | 65 | €90,574 | €70,906 | -€19,668 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | -€13,409 | -€24,178 | -€10,769 | -80.3% |
| Transfer from deferred taxes | 780 | €6,302 | €6,302 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€7,108 | -€17,876 | -€10,769 | -151.5% |
| Transfer from tax-exempt reserves | 789 | €18,905 | €18,905 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,798 | €1,029 | -€10,769 | -91.3% |
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 10 October 2026 via checked.be.