SB 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.
SB IMMO+
Largest movements
- Cash +€21,057
up €21,057 (+280.5%), from €7,506 to €28,563
mainly Debts after one year (+€82,695) and Net result for the year (+€45,541)
- Receivables within one year +€16,558
up €16,558 (+207.0%), from €8,000 to €24,558
- Tangible fixed assets +€14,536
up €14,536 (+5.7%), from €255,339 to €269,875
of which Furniture and vehicles: +€22,963
- Debts after one year +€82,695
new in 2025: €82,695
- Reserves -€50,161
down €50,161 (-43.7%), from €114,743 to €64,582
- Tax, wage and social debts +€20,631
up €20,631 (+199.1%), from €10,361 to €30,992
of which Taxes: +€20,414
- Current portion of long-term debt +€15,314
up €15,314 (+111.8%), from €13,702 to €29,016
- Other debts -€9,172
down €9,172 (-9.0%), from €101,814 to €92,641
- Gross operating margin +€64,316
up €64,316 (+84.1%), from €76,475 to €140,791
- Staff costs +€12,497
up €12,497 (+34.2%), from €36,589 to €49,086
- Taxes +€8,954
up €8,954 (+192.2%), from €4,658 to €13,611
- Depreciation +€3,948
up €3,948 (+20.8%), from €18,996 to €22,945
- Financial charges +€2,105
up €2,105 (+123.0%), from €1,711 to €3,816
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 | €271,253 | €324,298 | +€53,046 | +19.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €255,339 | €269,875 | +€14,536 | +5.7% |
| Tangible fixed assets | 22/27 | €255,339 | €269,875 | +€14,536 | +5.7% |
| Land and buildings | 22 | €253,951 | €235,697 | -€18,254 | -7.2% |
| Plant, machinery and equipment | 23 | €373 | €10,200 | +€9,827 | +2637.6% |
| Furniture and vehicles | 24 | €1,016 | €23,978 | +€22,963 | +2261.1% |
| Current assets | 29/58 | €15,913 | €54,423 | +€38,510 | +242.0% |
| Amounts receivable within one year | 40/41 | €8,000 | €24,558 | +€16,558 | +207.0% |
| Trade receivables | 40 | €8,000 | €24,558 | +€16,558 | +207.0% |
| Cash at bank and in hand | 54/58 | €7,506 | €28,563 | +€21,057 | +280.5% |
| Deferred charges and accrued income | 490/1 | €407 | €1,302 | +€896 | +220.1% |
| Total equity and liabilities | 10/49 | €271,253 | €324,298 | +€53,046 | +19.6% |
| Equity | 10/15 | €133,343 | €83,182 | -€50,161 | -37.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €114,743 | €64,582 | -€50,161 | -43.7% |
| Distributable reserves | 133 | €114,743 | €64,582 | -€50,161 | -43.7% |
| Amounts payable | 17/49 | €137,910 | €241,117 | +€103,207 | +74.8% |
| Amounts payable after more than one year | 17 | - | €82,695 | +€82,695 | |
| Financial debts | 170/4 | - | €82,695 | +€82,695 | |
| Amounts payable within one year | 42/48 | €132,817 | €157,839 | +€25,022 | +18.8% |
| Current portion of amounts payable after more than one year | 42 | €13,702 | €29,016 | +€15,314 | +111.8% |
| Financial debts | 43 | - | €1,893 | +€1,893 | |
| Credit institutions | 430/8 | - | €1,893 | +€1,893 | |
| Trade debts | 44 | €6,940 | €3,297 | -€3,644 | -52.5% |
| Suppliers | 440/4 | €6,940 | €3,297 | -€3,644 | -52.5% |
| Taxes, remuneration and social security | 45 | €10,361 | €30,992 | +€20,631 | +199.1% |
| Taxes | 450/3 | €5,636 | €26,050 | +€20,414 | +362.2% |
| Remuneration and social security | 454/9 | €4,725 | €4,941 | +€216 | +4.6% |
| Other amounts payable | 47/48 | €101,814 | €92,641 | -€9,172 | -9.0% |
| Accrued charges and deferred income | 492/3 | €5,093 | €583 | -€4,510 | -88.6% |
| Remuneration, social security and pensions | 62 | €36,589 | €49,086 | +€12,497 | +34.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,996 | €22,945 | +€3,948 | +20.8% |
| Other operating charges | 640/8 | €4,660 | €5,792 | +€1,132 | +24.3% |
| Gross operating margin | 9900 | €76,475 | €140,791 | +€64,316 | +84.1% |
| Operating profit (loss) | 9901 | €16,230 | €62,968 | +€46,738 | +288.0% |
| Financial charges | 65/66B | €1,711 | €3,816 | +€2,105 | +123.0% |
| Recurring financial charges | 65 | €1,711 | €3,816 | +€2,105 | +123.0% |
| Profit (loss) for the period before taxes | 9903 | €14,519 | €59,152 | +€44,634 | +307.4% |
| Income taxes | 67/77 | €4,658 | €13,611 | +€8,954 | +192.2% |
| Profit (loss) for the period | 9904 | €9,861 | €45,541 | +€35,680 | +361.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,861 | €45,541 | +€35,680 | +361.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.