Immo SWI: 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 SWI
Largest movements
- Tangible fixed assets -€188,905
down €188,905 (-7.1%), from €2.6m to €2.5m
- Debts after one year -€245,256
down €245,256 (-10.8%), from €2.3m to €2.0m
of which Financial debts: -€355,256
- Taxes -€24,943
down €24,943 (-90.2%), from €27,648 to €2,705
- Gross operating margin -€6,393
down €6,393 (-2.3%), from €275,860 to €269,467
- Financial charges -€4,087
down €4,087 (-9.3%), from €43,752 to €39,665
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 | €2,741,133 | €2,516,292 | -€224,841 | -8.2% |
| Fixed assets | 21/28 | €2,645,921 | €2,457,017 | -€188,905 | -7.1% |
| Tangible fixed assets | 22/27 | €2,645,921 | €2,457,017 | -€188,905 | -7.1% |
| Land and buildings | 22 | €2,645,921 | €2,457,017 | -€188,905 | -7.1% |
| Current assets | 29/58 | €95,212 | €59,276 | -€35,936 | -37.7% |
| Amounts receivable within one year | 40/41 | €21,657 | €11,649 | -€10,008 | -46.2% |
| Trade receivables | 40 | €20,000 | €8,730 | -€11,270 | -56.3% |
| Other amounts receivable | 41 | €1,657 | €2,919 | +€1,262 | +76.2% |
| Cash at bank and in hand | 54/58 | €73,556 | €47,627 | -€25,929 | -35.3% |
| Total equity and liabilities | 10/49 | €2,741,133 | €2,516,292 | -€224,841 | -8.2% |
| Equity | 10/15 | €222,133 | €229,562 | +€7,430 | +3.3% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,133 | €109,562 | +€7,430 | +7.3% |
| Amounts payable | 17/49 | €2,519,001 | €2,286,730 | -€232,271 | -9.2% |
| Amounts payable after more than one year | 17 | €2,274,919 | €2,029,664 | -€245,256 | -10.8% |
| Financial debts | 170/4 | €2,274,919 | €1,919,664 | -€355,256 | -15.6% |
| Other amounts payable | 178/9 | - | €110,000 | +€110,000 | |
| Amounts payable within one year | 42/48 | €244,035 | €257,066 | +€13,032 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €243,032 | €247,102 | +€4,070 | +1.7% |
| Trade debts | 44 | - | €7,260 | +€7,260 | |
| Suppliers | 440/4 | - | €7,260 | +€7,260 | |
| Taxes, remuneration and social security | 45 | - | €2,705 | +€2,705 | |
| Taxes | 450/3 | - | €2,705 | +€2,705 | |
| Other amounts payable | 47/48 | €1,003 | - | -€1,003 | |
| Accrued charges and deferred income | 492/3 | €47 | €0 | -€47 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €188,905 | €188,905 | -€0 | 0.0% |
| Other operating charges | 640/8 | €29,829 | €30,763 | +€934 | +3.1% |
| Gross operating margin | 9900 | €275,860 | €269,467 | -€6,393 | -2.3% |
| Operating profit (loss) | 9901 | €57,126 | €49,799 | -€7,327 | -12.8% |
| Financial charges | 65/66B | €43,752 | €39,665 | -€4,087 | -9.3% |
| Recurring financial charges | 65 | €43,752 | €39,665 | -€4,087 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €13,373 | €10,134 | -€3,239 | -24.2% |
| Income taxes | 67/77 | €27,648 | €2,705 | -€24,943 | -90.2% |
| Profit (loss) for the period | 9904 | -€14,274 | €7,430 | +€21,704 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,274 | €7,430 | +€21,704 |
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 24 October 2026 via checked.be.