Immo Soret: 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 Soret
Largest movements
- Cash +€39,690
up €39,690 (+52.4%), from €75,807 to €115,497
mainly Depreciation (+€32,931) and Receivables within one year (+€23,406)
- Tangible fixed assets -€29,892
down €29,892 (-3.1%), from €975,001 to €945,110
of which Land and buildings: -€32,354
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€68,625
down €68,625 (-75.5%), from €90,916 to €22,291
- Taxes -€5,236
no longer reported in 2025 (was €5,236)
- Depreciation +€5,200
up €5,200 (+18.8%), from €27,731 to €32,931
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 | €2,928,223 | €2,915,509 | -€12,714 | -0.4% |
| Fixed assets | 21/28 | €975,001 | €945,110 | -€29,892 | -3.1% |
| Tangible fixed assets | 22/27 | €975,001 | €945,110 | -€29,892 | -3.1% |
| Land and buildings | 22 | €975,001 | €942,648 | -€32,354 | -3.3% |
| Furniture and vehicles | 24 | - | €2,462 | +€2,462 | |
| Current assets | 29/58 | €1,953,221 | €1,970,399 | +€17,178 | +0.9% |
| Stocks and contracts in progress | 3 | €1,847,430 | €1,847,430 | = | 0.0% |
| Stocks | 30/36 | €1,847,430 | €1,847,430 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €28,851 | €5,445 | -€23,406 | -81.1% |
| Trade receivables | 40 | €28,851 | €5,445 | -€23,406 | -81.1% |
| Cash at bank and in hand | 54/58 | €75,807 | €115,497 | +€39,690 | +52.4% |
| Deferred charges and accrued income | 490/1 | €1,133 | €2,027 | +€894 | +78.9% |
| Total equity and liabilities | 10/49 | €2,928,223 | €2,915,509 | -€12,714 | -0.4% |
| Equity | 10/15 | €2,108,062 | €2,094,372 | -€13,690 | -0.6% |
| Contributions | 10/11 | €2,000,000 | €2,000,000 | = | 0.0% |
| Outside capital | 11 | €2,000,000 | €2,000,000 | = | 0.0% |
| Other | 1109/19 | €2,000,000 | €2,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,062 | €94,372 | -€13,690 | -12.7% |
| Amounts payable | 17/49 | €820,161 | €821,137 | +€976 | +0.1% |
| Amounts payable within one year | 42/48 | €820,161 | €821,137 | +€976 | +0.1% |
| Trade debts | 44 | €411 | €8,322 | +€7,910 | +1922.5% |
| Suppliers | 440/4 | €411 | €8,322 | +€7,910 | +1922.5% |
| Taxes, remuneration and social security | 45 | €9,750 | €2,815 | -€6,934 | -71.1% |
| Taxes | 450/3 | €9,750 | €2,815 | -€6,934 | -71.1% |
| Other amounts payable | 47/48 | €810,000 | €810,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,731 | €32,931 | +€5,200 | +18.8% |
| Other operating charges | 640/8 | €2,217 | €1,991 | -€226 | -10.2% |
| Gross operating margin | 9900 | €90,916 | €22,291 | -€68,625 | -75.5% |
| Operating profit (loss) | 9901 | €60,969 | -€12,631 | -€73,600 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,052 | €1,059 | +€7 | +0.7% |
| Recurring financial charges | 65 | €1,052 | €1,059 | +€7 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €59,917 | -€13,690 | -€73,607 | |
| Income taxes | 67/77 | €5,236 | - | -€5,236 | |
| Profit (loss) for the period | 9904 | €54,681 | -€13,690 | -€68,370 | |
| Profit (loss) for the period to be appropriated | 9905 | €54,681 | -€13,690 | -€68,370 |
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.