Immobilière Eugène SPIRLET: 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.
Immobilière Eugène SPIRLET
Largest movements
- Tangible fixed assets +€800,198
up €800,198 (+148%), from €541,665 to €1.3m
of which Assets under construction and advance payments: +€815,650
- Cash +€33,928
up €33,928 (+6.8%), from €495,467 to €529,395
mainly Net result for the year (+€354,112) and Debts after one year (+€217,510)
- Reserves +€385,472
up €385,472 (+84.9%), from €453,812 to €839,284
of which Tax-exempt reserves: +€385,472
- Debts after one year +€217,510
new in 2025: €217,510
- Trade debts +€156,338
up €156,338 (+12,103%), from €1,292 to €157,630
- Provisions +€127,366
up €127,366 (+279%), from €45,723 to €173,089
- Profit (loss) carried forward -€31,360
down €31,360 (-12.3%), from €255,091 to €223,731
- Gross operating margin +€458,492
up €458,492 (+532%), from €86,108 to €544,601
- Taxes -€18,512
down €18,512 (-95.8%), from €19,314 to €802
- Financial income -€10,410
down €10,410 (-89.5%), from €11,626 to €1,216
- Financial charges +€8,045
up €8,045 (+10,907%), from €74 to €8,119
- Depreciation +€7,068
up €7,068 (+23.2%), from €30,421 to €37,489
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 | €1,134,554 | €1,984,294 | +€849,740 | +74.9% |
| Fixed assets | 21/28 | €541,665 | €1,341,864 | +€800,198 | +148% |
| Tangible fixed assets | 22/27 | €541,665 | €1,341,864 | +€800,198 | +148% |
| Land and buildings | 22 | €517,717 | €510,664 | -€7,053 | -1.4% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €23,949 | €15,549 | -€8,399 | -35.1% |
| Assets under construction and advance payments | 27 | - | €815,650 | +€815,650 | |
| Current assets | 29/58 | €592,889 | €642,430 | +€49,542 | +8.4% |
| Amounts receivable within one year | 40/41 | €92,132 | €108,817 | +€16,685 | +18.1% |
| Other amounts receivable | 41 | €92,132 | €108,817 | +€16,685 | +18.1% |
| Cash at bank and in hand | 54/58 | €495,467 | €529,395 | +€33,928 | +6.8% |
| Deferred charges and accrued income | 490/1 | €5,290 | €4,218 | -€1,071 | -20.3% |
| Total equity and liabilities | 10/49 | €1,134,554 | €1,984,294 | +€849,740 | +74.9% |
| Equity | 10/15 | €1,080,743 | €1,434,856 | +€354,112 | +32.8% |
| Contributions | 10/11 | €371,840 | €371,840 | = | 0.0% |
| Capital | 10 | €371,840 | €371,840 | = | 0.0% |
| Issued capital | 100 | €371,840 | €371,840 | = | 0.0% |
| Reserves | 13 | €453,812 | €839,284 | +€385,472 | +84.9% |
| Non-distributable reserves | 130/1 | €37,184 | €37,184 | = | 0.0% |
| Legal reserve | 130 | €37,184 | €37,184 | = | 0.0% |
| Tax-exempt reserves | 132 | €88,796 | €474,268 | +€385,472 | +434% |
| Distributable reserves | 133 | €327,832 | €327,832 | = | 0.0% |
| Profit (loss) carried forward | 14 | €255,091 | €223,731 | -€31,360 | -12.3% |
| Provisions and deferred taxes | 16 | €45,723 | €173,089 | +€127,366 | +279% |
| Deferred taxes | 168 | €45,723 | €173,089 | +€127,366 | +279% |
| Amounts payable | 17/49 | €8,088 | €376,350 | +€368,262 | +4,553% |
| Amounts payable after more than one year | 17 | - | €217,510 | +€217,510 | |
| Financial debts | 170/4 | - | €217,510 | +€217,510 | |
| Amounts payable within one year | 42/48 | €1,292 | €157,630 | +€156,338 | +12,103% |
| Trade debts | 44 | €1,292 | €157,630 | +€156,338 | +12,103% |
| Suppliers | 440/4 | €1,292 | €157,630 | +€156,338 | +12,103% |
| Taxes, remuneration and social security | 45 | €0 | €0 | = | |
| Taxes | 450/3 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €6,796 | €1,210 | -€5,586 | -82.2% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,421 | €37,489 | +€7,068 | +23.2% |
| Other operating charges | 640/8 | €19,555 | €17,930 | -€1,625 | -8.3% |
| Gross operating margin | 9900 | €86,108 | €544,601 | +€458,492 | +532% |
| Operating profit (loss) | 9901 | €36,133 | €489,182 | +€453,049 | +1,254% |
| Financial income | 75/76B | €11,626 | €1,216 | -€10,410 | -89.5% |
| Recurring financial income | 75 | €11,626 | €1,216 | -€10,410 | -89.5% |
| Financial charges | 65/66B | €74 | €8,119 | +€8,045 | +10,907% |
| Recurring financial charges | 65 | €74 | €8,119 | +€8,045 | +10,907% |
| Profit (loss) for the period before taxes | 9903 | €47,685 | €482,280 | +€434,595 | +911% |
| Transfer from deferred taxes | 780 | €3,190 | €3,190 | = | 0.0% |
| Transfer to deferred taxes | 680 | - | €130,556 | +€130,556 | |
| Income taxes | 67/77 | €19,314 | €802 | -€18,512 | -95.8% |
| Profit (loss) for the period | 9904 | €31,561 | €354,112 | +€322,551 | +1,022% |
| Transfer from tax-exempt reserves | 789 | €6,195 | €6,195 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | - | €391,667 | +€391,667 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,756 | -€31,360 | -€69,116 |
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 27 October 2026 via checked.be.