S.A.IMMO-SUD: 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.
S.A.IMMO-SUD
Largest movements
- Cash -€23,202
down €23,202 (-52.4%), from €44,262 to €21,060
mainly Debts after one year (-€218,916) and Net result for the year (-€20,556)
- Tangible fixed assets -€7,085
down €7,085 (-2.6%), from €271,364 to €264,279
of which Furniture and vehicles: -€6,365
- Debts after one year -€218,916
no longer reported in 2025 (was €218,916)
- Other debts +€211,025
new in 2025: €211,025
- Profit (loss) carried forward -€20,556
down €20,556 (-6.9%), from -€296,303 to -€316,858
- Other operating charges -€5,643
down €5,643 (-71.2%), from €7,921 to €2,278
- Depreciation +€2,970
up €2,970 (+67.8%), from €4,378 to €7,349
- Financial income -€1,479
no longer reported in 2025 (was €1,479)
- Gross operating margin -€394
down €394 (-3.8%), from -€10,284 to -€10,677
- Purchases and services -€387
down €387 (-2.3%), from €17,075 to €16,688
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 | €434,928 | €405,884 | -€29,043 | -6.7% |
| Fixed assets | 21/28 | €271,699 | €264,614 | -€7,085 | -2.6% |
| Tangible fixed assets | 22/27 | €271,364 | €264,279 | -€7,085 | -2.6% |
| Land and buildings | 22 | €235,155 | €235,155 | = | 0.0% |
| Plant, machinery and equipment | 23 | €7,128 | €6,408 | -€720 | -10.1% |
| Furniture and vehicles | 24 | €29,081 | €22,716 | -€6,365 | -21.9% |
| Financial fixed assets | 28 | €335 | €335 | = | 0.0% |
| Current assets | 29/58 | €163,229 | €141,271 | -€21,958 | -13.5% |
| Stocks and contracts in progress | 3 | €81,466 | €81,466 | = | 0.0% |
| Stocks | 30/36 | €81,466 | €81,466 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €37,501 | €38,745 | +€1,244 | +3.3% |
| Trade receivables | 40 | €16,834 | €16,834 | = | 0.0% |
| Other amounts receivable | 41 | €20,667 | €21,911 | +€1,244 | +6.0% |
| Cash at bank and in hand | 54/58 | €44,262 | €21,060 | -€23,202 | -52.4% |
| Total equity and liabilities | 10/49 | €434,928 | €405,884 | -€29,043 | -6.7% |
| Equity | 10/15 | €212,575 | €192,019 | -€20,556 | -9.7% |
| Contributions | 10/11 | €280,963 | €280,963 | = | 0.0% |
| Capital | 10 | €280,963 | €280,963 | = | 0.0% |
| Issued capital | 100 | €280,963 | €280,963 | = | 0.0% |
| Revaluation surpluses | 12 | €227,915 | €227,915 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€296,303 | -€316,858 | -€20,556 | -6.9% |
| Amounts payable | 17/49 | €222,353 | €213,865 | -€8,488 | -3.8% |
| Amounts payable after more than one year | 17 | €218,916 | - | -€218,916 | |
| Financial debts | 170/4 | €218,916 | - | -€218,916 | |
| Amounts payable within one year | 42/48 | €3,437 | €213,865 | +€210,428 | +6,122% |
| Trade debts | 44 | €3,306 | €2,821 | -€486 | -14.7% |
| Suppliers | 440/4 | €3,306 | €2,821 | -€486 | -14.7% |
| Taxes, remuneration and social security | 45 | €131 | €20 | -€111 | -84.8% |
| Taxes | 450/3 | €131 | €20 | -€111 | -84.8% |
| Other amounts payable | 47/48 | - | €211,025 | +€211,025 | |
| Goods, raw materials, services and sundry goods | 60/61 | €17,075 | €16,688 | -€387 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,378 | €7,349 | +€2,970 | +67.8% |
| Other operating charges | 640/8 | €7,921 | €2,278 | -€5,643 | -71.2% |
| Gross operating margin | 9900 | -€10,284 | -€10,677 | -€394 | -3.8% |
| Operating profit (loss) | 9901 | -€22,583 | -€20,304 | +€2,279 | +10.1% |
| Financial income | 75/76B | €1,479 | - | -€1,479 | |
| Recurring financial income | 75 | €1,479 | - | -€1,479 | |
| Financial charges | 65/66B | €305 | €252 | -€53 | -17.3% |
| Recurring financial charges | 65 | €217 | €252 | +€34 | +15.8% |
| Non-recurring financial charges | 66B | €87 | - | -€87 | |
| Profit (loss) for the period before taxes | 9903 | -€21,408 | -€20,556 | +€852 | +4.0% |
| Profit (loss) for the period | 9904 | -€21,408 | -€20,556 | +€852 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,408 | -€20,556 | +€852 | +4.0% |
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 17 October 2026 via checked.be.