S.K.S. IMMO: what changed
S.K.S. IMMO
Largest movements
- Tangible fixed assets -€18,232
down €18,232 (-9.2%), from €197,560 to €179,327
- Trade debts -€19,041
down €19,041 (-17.5%), from €109,088 to €90,048
- Other debts +€12,356
up €12,356 (+5.1%), from €243,237 to €255,593
- Profit (loss) carried forward -€11,935
down €11,935 (-8.5%), from -€141,133 to -€153,068
- Gross operating margin -€2,388
down €2,388 (-15.8%), from €15,137 to €12,750
- Financial charges -€1,207
no longer reported in 2025 (was €1,207)
- Depreciation +€626
up €626 (+3.6%), from €17,606 to €18,232
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €231,818 | €213,585 | -€18,232 | -7.9% |
| Fixed assets | 21/28 | €197,560 | €179,327 | -€18,232 | -9.2% |
| Tangible fixed assets | 22/27 | €197,560 | €179,327 | -€18,232 | -9.2% |
| Land and buildings | 22 | €197,560 | €179,327 | -€18,232 | -9.2% |
| Current assets | 29/58 | €34,258 | €34,258 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €34,258 | €34,258 | = | 0.0% |
| Trade receivables | 40 | €34,258 | €34,258 | = | 0.0% |
| Total equity and liabilities | 10/49 | €231,818 | €213,585 | -€18,232 | -7.9% |
| Equity | 10/15 | -€120,508 | -€132,443 | -€11,935 | -9.9% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Capital | 10 | €18,750 | €18,750 | = | 0.0% |
| Issued capital | 100 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €1,875 | €1,875 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Legal reserve | 130 | €1,875 | €1,875 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€141,133 | -€153,068 | -€11,935 | -8.5% |
| Amounts payable | 17/49 | €352,326 | €346,028 | -€6,298 | -1.8% |
| Amounts payable within one year | 42/48 | €352,326 | €345,641 | -€6,685 | -1.9% |
| Trade debts | 44 | €109,088 | €90,048 | -€19,041 | -17.5% |
| Suppliers | 440/4 | €109,088 | €90,048 | -€19,041 | -17.5% |
| Other amounts payable | 47/48 | €243,237 | €255,593 | +€12,356 | +5.1% |
| Accrued charges and deferred income | 492/3 | - | €387 | +€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,606 | €18,232 | +€626 | +3.6% |
| Other operating charges | 640/8 | €6,452 | €6,452 | = | 0.0% |
| Gross operating margin | 9900 | €15,137 | €12,750 | -€2,388 | -15.8% |
| Operating profit (loss) | 9901 | -€8,921 | -€11,935 | -€3,014 | -33.8% |
| Financial charges | 65/66B | €1,207 | - | -€1,207 | |
| Recurring financial charges | 65 | €1,207 | - | -€1,207 | |
| Profit (loss) for the period before taxes | 9903 | -€10,128 | -€11,935 | -€1,807 | -17.8% |
| Profit (loss) for the period | 9904 | -€10,128 | -€11,935 | -€1,807 | -17.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,128 | -€11,935 | -€1,807 | -17.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.