S&S 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&S Immo
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m (+385.4%), from €273,530 to €1.3m
- Cash +€111,878
up €111,878 (+1195.4%), from €9,359 to €121,237
mainly Debts after one year (+€1.1m) and Trade debts (+€106,531)
- Receivables within one year +€24,594
up €24,594 (+1038.2%), from €2,369 to €26,963
- Debts after one year +€1.1m
up €1.1m (+400.1%), from €280,000 to €1.4m
of which Financial debts: +€1.4m
- Trade debts +€106,531
new in 2025: €106,531
- Profit (loss) carried forward -€47,042
down €47,042 (-238.6%), from -€19,719 to -€66,761
- Depreciation +€12,905
up €12,905 (+493.4%), from €2,615 to €15,520
- Financial charges +€6,768
up €6,768 (+50.7%), from €13,341 to €20,109
- Gross operating margin -€5,857
down €5,857 (-178.4%), from -€3,282 to -€9,139
- Other operating charges +€1,793
up €1,793 (+373.0%), from €481 to €2,273
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
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 | €285,258 | €1,475,952 | +€1.2m | +417.4% |
| Fixed assets | 21/28 | €273,530 | €1,327,752 | +€1.1m | +385.4% |
| Tangible fixed assets | 22/27 | €273,530 | €1,327,752 | +€1.1m | +385.4% |
| Land and buildings | 22 | €273,530 | €1,327,752 | +€1.1m | +385.4% |
| Current assets | 29/58 | €11,728 | €148,200 | +€136,472 | +1163.6% |
| Amounts receivable within one year | 40/41 | €2,369 | €26,963 | +€24,594 | +1038.2% |
| Other amounts receivable | 41 | €2,369 | €26,963 | +€24,594 | +1038.2% |
| Cash at bank and in hand | 54/58 | €9,359 | €121,237 | +€111,878 | +1195.4% |
| Total equity and liabilities | 10/49 | €285,258 | €1,475,952 | +€1.2m | +417.4% |
| Equity | 10/15 | -€9,719 | -€56,761 | -€47,042 | -484.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,719 | -€66,761 | -€47,042 | -238.6% |
| Amounts payable | 17/49 | €294,977 | €1,532,713 | +€1.2m | +419.6% |
| Amounts payable after more than one year | 17 | €280,000 | €1,400,311 | +€1.1m | +400.1% |
| Financial debts | 170/4 | - | €1,400,311 | +€1.4m | |
| Other amounts payable | 178/9 | €280,000 | - | -€280,000 | |
| Amounts payable within one year | 42/48 | €14,977 | €132,402 | +€117,424 | +784.0% |
| Trade debts | 44 | - | €106,531 | +€106,531 | |
| Suppliers | 440/4 | - | €106,531 | +€106,531 | |
| Other amounts payable | 47/48 | €14,977 | €25,870 | +€10,893 | +72.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,615 | €15,520 | +€12,905 | +493.4% |
| Other operating charges | 640/8 | €481 | €2,273 | +€1,793 | +373.0% |
| Gross operating margin | 9900 | -€3,282 | -€9,139 | -€5,857 | -178.4% |
| Operating profit (loss) | 9901 | -€6,378 | -€26,932 | -€20,554 | -322.3% |
| Financial charges | 65/66B | €13,341 | €20,109 | +€6,768 | +50.7% |
| Recurring financial charges | 65 | €13,341 | €20,109 | +€6,768 | +50.7% |
| Profit (loss) for the period before taxes | 9903 | -€19,719 | -€47,042 | -€27,322 | -138.6% |
| Profit (loss) for the period | 9904 | -€19,719 | -€47,042 | -€27,322 | -138.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,719 | -€47,042 | -€27,322 | -138.6% |
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 1 October 2026 via checked.be.