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 +€826,646
up €826,646 (+165.9%), from €498,416 to €1.3m
mainly Investment in fixed assets (net) (+€657,000) and Net result for the year (+€215,603)
- Tangible fixed assets -€657,000
down €657,000 (-100.0%), from €657,000 to €0
- Receivables within one year +€102,809
up €102,809 (+724.5%), from €14,190 to €117,000
of which Other amounts receivable: +€102,875
- Profit (loss) carried forward +€215,603
up €215,603 (+20.0%), from €1.1m to €1.3m
- Tax, wage and social debts +€56,822
new in 2025: €56,822
- Gross operating margin +€271,753
up €271,753, from -€1,053 to €270,700
- Taxes +€56,822
new in 2025: €56,822
- Financial income -€3,732
down €3,732 (-56.5%), from €6,609 to €2,876
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 | €1,169,606 | €1,442,061 | +€272,455 | +23.3% |
| Fixed assets | 21/28 | €657,000 | €0 | -€657,000 | -100.0% |
| Tangible fixed assets | 22/27 | €657,000 | €0 | -€657,000 | -100.0% |
| Land and buildings | 22 | €657,000 | €0 | -€657,000 | -100.0% |
| Current assets | 29/58 | €512,606 | €1,442,061 | +€929,455 | +181.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €14,190 | €117,000 | +€102,809 | +724.5% |
| Trade receivables | 40 | €66 | €0 | -€66 | -100.0% |
| Other amounts receivable | 41 | €14,124 | €117,000 | +€102,875 | +728.4% |
| Cash at bank and in hand | 54/58 | €498,416 | €1,325,062 | +€826,646 | +165.9% |
| Total equity and liabilities | 10/49 | €1,169,606 | €1,442,061 | +€272,455 | +23.3% |
| Equity | 10/15 | €1,168,639 | €1,384,241 | +€215,603 | +18.4% |
| Contributions | 10/11 | €3,907 | €3,907 | = | 0.0% |
| Reserves | 13 | €88,765 | €88,765 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,405 | €13,405 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,405 | €13,405 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,140 | €2,140 | = | 0.0% |
| Distributable reserves | 133 | €73,220 | €73,220 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,075,967 | €1,291,569 | +€215,603 | +20.0% |
| Amounts payable | 17/49 | €968 | €57,820 | +€56,853 | +5876.1% |
| Amounts payable within one year | 42/48 | €968 | €57,820 | +€56,853 | +5876.1% |
| Trade debts | 44 | €968 | €998 | +€31 | +3.2% |
| Suppliers | 440/4 | €968 | €998 | +€31 | +3.2% |
| Taxes, remuneration and social security | 45 | - | €56,822 | +€56,822 | |
| Taxes | 450/3 | - | €56,822 | +€56,822 | |
| Other operating charges | 640/8 | €1,034 | €1,067 | +€33 | +3.2% |
| Gross operating margin | 9900 | -€1,053 | €270,700 | +€271,753 | |
| Operating profit (loss) | 9901 | -€2,087 | €269,633 | +€271,720 | |
| Financial income | 75/76B | €6,609 | €2,876 | -€3,732 | -56.5% |
| Recurring financial income | 75 | €6,609 | €2,876 | -€3,732 | -56.5% |
| Financial charges | 65/66B | €90 | €85 | -€5 | -5.3% |
| Recurring financial charges | 65 | €90 | €85 | -€5 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €4,432 | €272,424 | +€267,992 | +6046.3% |
| Income taxes | 67/77 | - | €56,822 | +€56,822 | |
| Profit (loss) for the period | 9904 | €4,432 | €215,603 | +€211,170 | +4764.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,432 | €215,603 | +€211,170 | +4764.3% |
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 5 October 2026 via checked.be.