S & G IMMO: 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 & G IMMO
Largest movements
- Tangible fixed assets -€7,984
down €7,984 (-5.3%), from €151,704 to €143,721
of which Land and buildings: -€5,949
- Deferred charges and accrued income -€1,794
down €1,794 (-62.2%), from €2,884 to €1,090
- Debts after one year -€20,413
down €20,413 (-80.0%), from €25,516 to €5,103
- Profit (loss) carried forward +€6,343
up €6,343 (+12.4%), from -€51,096 to -€44,753
- Other debts +€4,381
up €4,381 (+2.8%), from €153,801 to €158,182
- Gross operating margin +€2,239
up €2,239 (+14.6%), from €15,321 to €17,559
- Financial charges -€942
down €942 (-32.8%), from €2,870 to €1,929
- Depreciation +€444
up €444 (+5.9%), from €7,540 to €7,984
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 | €155,620 | €146,525 | -€9,095 | -5.8% |
| Fixed assets | 21/28 | €151,704 | €143,721 | -€7,984 | -5.3% |
| Tangible fixed assets | 22/27 | €151,704 | €143,721 | -€7,984 | -5.3% |
| Land and buildings | 22 | €134,854 | €128,905 | -€5,949 | -4.4% |
| Plant, machinery and equipment | 23 | €16,850 | €14,816 | -€2,034 | -12.1% |
| Current assets | 29/58 | €3,915 | €2,804 | -€1,111 | -28.4% |
| Cash at bank and in hand | 54/58 | €1,031 | €1,714 | +€683 | +66.3% |
| Deferred charges and accrued income | 490/1 | €2,884 | €1,090 | -€1,794 | -62.2% |
| Total equity and liabilities | 10/49 | €155,620 | €146,525 | -€9,095 | -5.8% |
| Equity | 10/15 | -€44,846 | -€38,503 | +€6,343 | +14.1% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,096 | -€44,753 | +€6,343 | +12.4% |
| Amounts payable | 17/49 | €200,466 | €185,028 | -€15,438 | -7.7% |
| Amounts payable after more than one year | 17 | €25,516 | €5,103 | -€20,413 | -80.0% |
| Financial debts | 170/4 | €25,516 | €5,103 | -€20,413 | -80.0% |
| Amounts payable within one year | 42/48 | €174,340 | €178,739 | +€4,400 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €20,413 | €20,413 | = | 0.0% |
| Trade debts | 44 | €126 | €145 | +€19 | +15.1% |
| Suppliers | 440/4 | €126 | €145 | +€19 | +15.1% |
| Other amounts payable | 47/48 | €153,801 | €158,182 | +€4,381 | +2.8% |
| Accrued charges and deferred income | 492/3 | €610 | €1,185 | +€575 | +94.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,540 | €7,984 | +€444 | +5.9% |
| Other operating charges | 640/8 | €1,326 | €1,304 | -€22 | -1.7% |
| Gross operating margin | 9900 | €15,321 | €17,559 | +€2,239 | +14.6% |
| Operating profit (loss) | 9901 | €6,455 | €8,272 | +€1,817 | +28.2% |
| Financial charges | 65/66B | €2,870 | €1,929 | -€942 | -32.8% |
| Recurring financial charges | 65 | €2,870 | €1,929 | -€942 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | €3,585 | €6,343 | +€2,759 | +77.0% |
| Profit (loss) for the period | 9904 | €3,585 | €6,343 | +€2,759 | +77.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,585 | €6,343 | +€2,759 | +77.0% |
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 14 October 2026 via checked.be.