SASI 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.
SASI IMMO
Largest movements
- Tangible fixed assets -€18,705
down €18,705 (-4.1%), from €453,930 to €435,225
of which Land and buildings: -€18,705
- Other debts -€17,148
down €17,148 (-3.1%), from €550,926 to €533,777
- Current portion of long-term debt -€16,509
down €16,509 (-32.3%), from €51,172 to €34,663
- Gross operating margin -€4,024
down €4,024 (-7.5%), from €53,433 to €49,410
- Other operating charges -€3,051
down €3,051 (-23.2%), from €13,150 to €10,098
- Taxes +€2,075
up €2,075, from -€1,437 to €639
- Financial charges +€1,708
up €1,708 (+9.5%), from €17,928 to €19,636
- Depreciation +€1,039
up €1,039 (+5.9%), from €17,666 to €18,705
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 | €1,156,069 | €1,140,400 | -€15,669 | -1.4% |
| Fixed assets | 21/28 | €1,153,930 | €1,135,225 | -€18,705 | -1.6% |
| Tangible fixed assets | 22/27 | €453,930 | €435,225 | -€18,705 | -4.1% |
| Land and buildings | 22 | €279,260 | €260,555 | -€18,705 | -6.7% |
| Assets under construction and advance payments | 27 | €174,670 | €174,670 | = | 0.0% |
| Financial fixed assets | 28 | €700,000 | €700,000 | = | 0.0% |
| Current assets | 29/58 | €2,139 | €5,175 | +€3,036 | +142% |
| Cash at bank and in hand | 54/58 | €2,139 | €4,146 | +€2,007 | +93.8% |
| Deferred charges and accrued income | 490/1 | - | €1,029 | +€1,029 | |
| Total equity and liabilities | 10/49 | €1,156,069 | €1,140,400 | -€15,669 | -1.4% |
| Equity | 10/15 | €151,885 | €152,218 | +€332 | +0.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €26,200 | €26,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,685 | €64,018 | +€332 | +0.5% |
| Amounts payable | 17/49 | €1,004,183 | €988,183 | -€16,001 | -1.6% |
| Amounts payable after more than one year | 17 | €380,175 | €390,874 | +€10,698 | +2.8% |
| Financial debts | 170/4 | €375,985 | €386,684 | +€10,698 | +2.8% |
| Other amounts payable | 178/9 | €4,190 | €4,190 | = | 0.0% |
| Amounts payable within one year | 42/48 | €620,828 | €595,996 | -€24,832 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €51,172 | €34,663 | -€16,509 | -32.3% |
| Financial debts | 43 | €14,912 | €13,600 | -€1,312 | -8.8% |
| Credit institutions | 430/8 | €14,912 | €13,600 | -€1,312 | -8.8% |
| Trade debts | 44 | €345 | €9,843 | +€9,498 | +2,757% |
| Suppliers | 440/4 | €345 | €9,843 | +€9,498 | +2,757% |
| Taxes, remuneration and social security | 45 | €3,474 | €4,112 | +€639 | +18.4% |
| Taxes | 450/3 | €3,474 | €4,112 | +€639 | +18.4% |
| Other amounts payable | 47/48 | €550,926 | €533,777 | -€17,148 | -3.1% |
| Accrued charges and deferred income | 492/3 | €3,180 | €1,313 | -€1,867 | -58.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,666 | €18,705 | +€1,039 | +5.9% |
| Other operating charges | 640/8 | €13,150 | €10,098 | -€3,051 | -23.2% |
| Gross operating margin | 9900 | €53,433 | €49,410 | -€4,024 | -7.5% |
| Operating profit (loss) | 9901 | €22,617 | €20,606 | -€2,011 | -8.9% |
| Financial charges | 65/66B | €17,928 | €19,636 | +€1,708 | +9.5% |
| Recurring financial charges | 65 | €17,928 | €19,636 | +€1,708 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €4,689 | €971 | -€3,719 | -79.3% |
| Income taxes | 67/77 | -€1,437 | €639 | +€2,075 | |
| Profit (loss) for the period | 9904 | €6,126 | €332 | -€5,794 | -94.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,126 | €332 | -€5,794 | -94.6% |
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.