IMMOB SMAC: 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.
IMMOB SMAC
Largest movements
- Cash -€7,242
down €7,242 (-59.9%), from €12,094 to €4,852
mainly Net result for the year (-€9,011) and Trade debts (-€3,533)
- Tangible fixed assets -€5,301
down €5,301 (-7.4%), from €71,248 to €65,947
- Profit (loss) carried forward -€9,011
down €9,011 (-127.1%), from -€7,089 to -€16,099
- Trade debts -€3,533
down €3,533 (-84.4%), from €4,188 to €655
- Gross operating margin +€2,482
up €2,482 (+49.6%), from -€5,000 to -€2,519
- Depreciation +€676
up €676 (+14.6%), from €4,625 to €5,301
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 | €83,343 | €70,799 | -€12,543 | -15.1% |
| Fixed assets | 21/28 | €71,248 | €65,947 | -€5,301 | -7.4% |
| Tangible fixed assets | 22/27 | €71,248 | €65,947 | -€5,301 | -7.4% |
| Land and buildings | 22 | €71,248 | €65,947 | -€5,301 | -7.4% |
| Current assets | 29/58 | €12,094 | €4,852 | -€7,242 | -59.9% |
| Cash at bank and in hand | 54/58 | €12,094 | €4,852 | -€7,242 | -59.9% |
| Total equity and liabilities | 10/49 | €83,343 | €70,799 | -€12,543 | -15.1% |
| Equity | 10/15 | €74,716 | €65,706 | -€9,011 | -12.1% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €7,437 | €7,437 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,089 | -€16,099 | -€9,011 | -127.1% |
| Amounts payable | 17/49 | €8,626 | €5,094 | -€3,533 | -41.0% |
| Amounts payable within one year | 42/48 | €8,626 | €5,094 | -€3,533 | -41.0% |
| Trade debts | 44 | €4,188 | €655 | -€3,533 | -84.4% |
| Suppliers | 440/4 | €4,188 | €655 | -€3,533 | -84.4% |
| Other amounts payable | 47/48 | €4,439 | €4,439 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,625 | €5,301 | +€676 | +14.6% |
| Other operating charges | 640/8 | €1,131 | €1,166 | +€35 | +3.1% |
| Gross operating margin | 9900 | -€5,000 | -€2,519 | +€2,482 | +49.6% |
| Operating profit (loss) | 9901 | -€10,756 | -€8,986 | +€1,770 | +16.5% |
| Financial charges | 65/66B | €30 | €25 | -€5 | -16.7% |
| Recurring financial charges | 65 | €30 | €25 | -€5 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | -€10,786 | -€9,011 | +€1,775 | +16.5% |
| Profit (loss) for the period | 9904 | -€10,786 | -€9,011 | +€1,775 | +16.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,786 | -€9,011 | +€1,775 | +16.5% |
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 5 October 2026 via checked.be.