SAHMAZ 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.
SAHMAZ IMMO
Largest movements
- Tangible fixed assets +€119,059
up €119,059 (+32.8%), from €362,997 to €482,055
of which Land and buildings: +€119,809
- Cash +€7,604
up €7,604 (+2,301%), from €331 to €7,935
mainly Debts after one year (+€107,000) and Depreciation (+€26,603)
- Receivables within one year -€5,212
down €5,212 (-95.9%), from €5,433 to €221
of which Other amounts receivable: -€5,321
- Debts after one year +€107,000
up €107,000 (+26.6%), from €402,850 to €509,850
- Other debts +€18,000
up €18,000 (+3,600%), from €500 to €18,500
- Gross operating margin +€8,741
up €8,741 (+50.5%), from €17,321 to €26,063
- Depreciation +€6,486
up €6,486 (+32.2%), from €20,118 to €26,603
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 | €374,360 | €498,011 | +€123,651 | +33.0% |
| Fixed assets | 21/28 | €362,997 | €482,055 | +€119,059 | +32.8% |
| Tangible fixed assets | 22/27 | €362,997 | €482,055 | +€119,059 | +32.8% |
| Land and buildings | 22 | €361,969 | €481,778 | +€119,809 | +33.1% |
| Furniture and vehicles | 24 | €1,027 | €277 | -€750 | -73.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €11,363 | €15,956 | +€4,592 | +40.4% |
| Amounts receivable after more than one year | 29 | €5,600 | €7,800 | +€2,200 | +39.3% |
| Other amounts receivable | 291 | €5,600 | €7,800 | +€2,200 | +39.3% |
| Amounts receivable within one year | 40/41 | €5,433 | €221 | -€5,212 | -95.9% |
| Trade receivables | 40 | €112 | €221 | +€109 | +97.9% |
| Other amounts receivable | 41 | €5,321 | €0 | -€5,321 | -100% |
| Cash at bank and in hand | 54/58 | €331 | €7,935 | +€7,604 | +2,301% |
| Total equity and liabilities | 10/49 | €374,360 | €498,011 | +€123,651 | +33.0% |
| Equity | 10/15 | -€31,250 | -€32,288 | -€1,039 | -3.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,250 | -€34,288 | -€1,039 | -3.1% |
| Amounts payable | 17/49 | €405,610 | €530,299 | +€124,689 | +30.7% |
| Amounts payable after more than one year | 17 | €402,850 | €509,850 | +€107,000 | +26.6% |
| Financial debts | 170/4 | €402,850 | €509,850 | +€107,000 | +26.6% |
| Amounts payable within one year | 42/48 | €2,760 | €20,449 | +€17,689 | +641% |
| Trade debts | 44 | €2,113 | €1,782 | -€330 | -15.6% |
| Suppliers | 440/4 | €2,113 | €1,782 | -€330 | -15.6% |
| Taxes, remuneration and social security | 45 | €147 | €167 | +€20 | +13.3% |
| Taxes | 450/3 | €147 | €167 | +€20 | +13.3% |
| Other amounts payable | 47/48 | €500 | €18,500 | +€18,000 | +3,600% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,118 | €26,603 | +€6,486 | +32.2% |
| Other operating charges | 640/8 | €220 | €220 | = | 0.0% |
| Gross operating margin | 9900 | €17,321 | €26,063 | +€8,741 | +50.5% |
| Operating profit (loss) | 9901 | -€3,016 | -€761 | +€2,256 | +74.8% |
| Financial income | 75/76B | - | €0 | = | |
| Recurring financial income | 75 | - | €0 | = | |
| Financial charges | 65/66B | €161 | €192 | +€31 | +19.2% |
| Recurring financial charges | 65 | €161 | €192 | +€31 | +19.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,178 | -€953 | +€2,225 | +70.0% |
| Income taxes | 67/77 | €81 | €85 | +€4 | +4.9% |
| Profit (loss) for the period | 9904 | -€3,259 | -€1,039 | +€2,221 | +68.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,259 | -€1,039 | +€2,221 | +68.1% |
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 26 October 2026 via checked.be.