SBL 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.
SBL IMMO
Largest movements
- Stocks and contracts -€2.1m
down €2.1m (-75.6%), from €2.7m to €662,793
- Debts after one year -€1.8m
down €1.8m (-100.0%), from €1.8m to €0
- Other debts -€340,000
down €340,000 (-45.2%), from €753,000 to €413,000
- Profit (loss) carried forward +€279,791
up €279,791, from -€1,563 to €278,228
- Trade debts -€219,715
down €219,715 (-94.0%), from €233,701 to €13,986
- Accrued charges and deferred income +€41,276
up €41,276 (+63.5%), from €64,992 to €106,268
- Gross operating margin +€313,709
up €313,709 (+189.5%), from €165,569 to €479,277
- Taxes +€89,909
new in 2025: €89,909
- Financial charges -€63,150
down €63,150 (-38.4%), from €164,291 to €101,141
- Other operating charges +€6,138
up €6,138 (+241.7%), from €2,539 to €8,678
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 | €2,964,979 | €891,391 | -€2.1m | -69.9% |
| Fixed assets | 21/28 | €27,000 | €0 | -€27,000 | -100.0% |
| Financial fixed assets | 28 | €27,000 | €0 | -€27,000 | -100.0% |
| Current assets | 29/58 | €2,937,979 | €891,391 | -€2.0m | -69.7% |
| Stocks and contracts in progress | 3 | €2,718,606 | €662,793 | -€2.1m | -75.6% |
| Stocks | 30/36 | €2,718,606 | €662,793 | -€2.1m | -75.6% |
| Amounts receivable within one year | 40/41 | €5,325 | €11,167 | +€5,842 | +109.7% |
| Trade receivables | 40 | €5,325 | €10,325 | +€5,000 | +93.9% |
| Other amounts receivable | 41 | €0 | €842 | +€842 | |
| Cash at bank and in hand | 54/58 | €212,260 | €217,431 | +€5,171 | +2.4% |
| Deferred charges and accrued income | 490/1 | €1,788 | €0 | -€1,788 | -100.0% |
| Total equity and liabilities | 10/49 | €2,964,979 | €891,391 | -€2.1m | -69.9% |
| Equity | 10/15 | €28,437 | €308,228 | +€279,791 | +983.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,563 | €278,228 | +€279,791 | |
| Amounts payable | 17/49 | €2,936,542 | €583,163 | -€2.4m | -80.1% |
| Amounts payable after more than one year | 17 | €1,825,117 | €0 | -€1.8m | -100.0% |
| Financial debts | 170/4 | €1,825,117 | €0 | -€1.8m | -100.0% |
| Amounts payable within one year | 42/48 | €1,046,433 | €476,895 | -€569,538 | -54.4% |
| Trade debts | 44 | €233,701 | €13,986 | -€219,715 | -94.0% |
| Suppliers | 440/4 | €233,701 | €13,986 | -€219,715 | -94.0% |
| Taxes, remuneration and social security | 45 | €59,731 | €49,909 | -€9,822 | -16.4% |
| Taxes | 450/3 | €59,731 | €49,909 | -€9,822 | -16.4% |
| Other amounts payable | 47/48 | €753,000 | €413,000 | -€340,000 | -45.2% |
| Accrued charges and deferred income | 492/3 | €64,992 | €106,268 | +€41,276 | +63.5% |
| Other operating charges | 640/8 | €2,539 | €8,678 | +€6,138 | +241.7% |
| Gross operating margin | 9900 | €165,569 | €479,277 | +€313,709 | +189.5% |
| Operating profit (loss) | 9901 | €163,029 | €470,600 | +€307,570 | +188.7% |
| Financial income | 75/76B | €344 | €241 | -€103 | -30.0% |
| Recurring financial income | 75 | €344 | €241 | -€103 | -30.0% |
| Financial charges | 65/66B | €164,291 | €101,141 | -€63,150 | -38.4% |
| Recurring financial charges | 65 | €164,291 | €101,141 | -€63,150 | -38.4% |
| Profit (loss) for the period before taxes | 9903 | -€918 | €369,700 | +€370,617 | |
| Income taxes | 67/77 | - | €89,909 | +€89,909 | |
| Profit (loss) for the period | 9904 | -€918 | €279,791 | +€280,708 | |
| Profit (loss) for the period to be appropriated | 9905 | -€918 | €279,791 | +€280,708 |
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 4 October 2026 via checked.be.