S.C. IMMO: 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.
S.C. IMMO
Largest movements
- Tangible fixed assets -€49,846
down €49,846 (-11.3%), from €440,357 to €390,511
of which Land and buildings: -€48,907
- Receivables within one year +€20,917
up €20,917 (+32.8%), from €63,700 to €84,618
of which Other amounts receivable: +€19,417
- Debts after one year -€19,510
down €19,510 (-11.4%), from €171,619 to €152,108
of which Financial debts: -€19,510
- Current portion of long-term debt -€11,101
down €11,101 (-35.8%), from €31,008 to €19,906
- Gross operating margin +€28,274
up €28,274 (+79.4%), from €35,616 to €63,890
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €523,475 | €495,156 | -€28,319 | -5.4% |
| Fixed assets | 21/28 | €440,357 | €390,511 | -€49,846 | -11.3% |
| Tangible fixed assets | 22/27 | €440,357 | €390,511 | -€49,846 | -11.3% |
| Land and buildings | 22 | €438,848 | €389,940 | -€48,907 | -11.1% |
| Plant, machinery and equipment | 23 | €1,509 | €571 | -€939 | -62.2% |
| Current assets | 29/58 | €83,118 | €104,645 | +€21,527 | +25.9% |
| Amounts receivable within one year | 40/41 | €63,700 | €84,618 | +€20,917 | +32.8% |
| Trade receivables | 40 | €8,072 | €9,572 | +€1,500 | +18.6% |
| Other amounts receivable | 41 | €55,628 | €75,046 | +€19,417 | +34.9% |
| Deferred charges and accrued income | 490/1 | €19,417 | €20,027 | +€609 | +3.1% |
| Total equity and liabilities | 10/49 | €523,475 | €495,156 | -€28,319 | -5.4% |
| Equity | 10/15 | -€3,881 | -€5,657 | -€1,777 | -45.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,341 | -€26,117 | -€1,777 | -7.3% |
| Amounts payable | 17/49 | €527,355 | €500,813 | -€26,542 | -5.0% |
| Amounts payable after more than one year | 17 | €171,619 | €152,108 | -€19,510 | -11.4% |
| Financial debts | 170/4 | €166,419 | €146,908 | -€19,510 | -11.7% |
| Other amounts payable | 178/9 | €5,200 | €5,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €355,737 | €348,705 | -€7,032 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €31,008 | €19,906 | -€11,101 | -35.8% |
| Trade debts | 44 | €594 | €1,427 | +€833 | +140.3% |
| Suppliers | 440/4 | €594 | €1,427 | +€833 | +140.3% |
| Other amounts payable | 47/48 | €324,135 | €327,371 | +€3,236 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,846 | €49,846 | = | 0.0% |
| Other operating charges | 640/8 | €11,571 | €11,701 | +€131 | +1.1% |
| Gross operating margin | 9900 | €35,616 | €63,890 | +€28,274 | +79.4% |
| Operating profit (loss) | 9901 | -€25,800 | €2,343 | +€28,144 | |
| Financial charges | 65/66B | €4,119 | €4,120 | +€1 | 0.0% |
| Recurring financial charges | 65 | €4,119 | €4,120 | +€1 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€29,919 | -€1,777 | +€28,142 | +94.1% |
| Profit (loss) for the period | 9904 | -€29,919 | -€1,777 | +€28,142 | +94.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,919 | -€1,777 | +€28,142 | +94.1% |
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 7 October 2026 via checked.be.