S-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-Immo
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Trade debts +€1,029
up €1,029 (+163%), from €633 to €1,661
- Profit (loss) carried forward -€951
down €951 (-12.7%), from -€7,508 to -€8,460
- Gross operating margin +€844
up €844 (+48.5%), from -€1,742 to -€897
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 | €40,651 | €40,928 | +€277 | +0.7% |
| Current assets | 29/58 | €40,651 | €40,928 | +€277 | +0.7% |
| Stocks and contracts in progress | 3 | €39,787 | €39,787 | = | 0.0% |
| Stocks | 30/36 | €39,787 | €39,787 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €854 | €1,061 | +€207 | +24.2% |
| Trade receivables | 40 | €704 | €1,026 | +€322 | +45.7% |
| Other amounts receivable | 41 | €150 | €35 | -€115 | -76.8% |
| Cash at bank and in hand | 54/58 | €9 | €80 | +€71 | +744% |
| Total equity and liabilities | 10/49 | €40,651 | €40,928 | +€277 | +0.7% |
| Equity | 10/15 | €12,492 | €11,540 | -€951 | -7.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,508 | -€8,460 | -€951 | -12.7% |
| Amounts payable | 17/49 | €28,159 | €29,388 | +€1,229 | +4.4% |
| Amounts payable within one year | 42/48 | €28,159 | €29,388 | +€1,229 | +4.4% |
| Trade debts | 44 | €633 | €1,661 | +€1,029 | +163% |
| Suppliers | 440/4 | €633 | €1,661 | +€1,029 | +163% |
| Other amounts payable | 47/48 | €27,527 | €27,727 | +€200 | +0.7% |
| Gross operating margin | 9900 | -€1,742 | -€897 | +€844 | +48.5% |
| Operating profit (loss) | 9901 | -€1,742 | -€897 | +€844 | +48.5% |
| Financial charges | 65/66B | €51 | €54 | +€3 | +5.9% |
| Recurring financial charges | 65 | €51 | €54 | +€3 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,793 | -€951 | +€841 | +46.9% |
| Profit (loss) for the period | 9904 | -€1,793 | -€951 | +€841 | +46.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,793 | -€951 | +€841 | +46.9% |
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.