SEASON IMMO: what changed
SEASON IMMO
Largest movements
- Cash -€53,583
down €53,583 (-84.4%), from €63,465 to €9,882
mainly Contributions, distributions and other (-€286,000) and Investment in fixed assets (net) (-€72,916)
- Tangible fixed assets +€15,501
up €15,501 (+4.0%), from €386,650 to €402,151
of which Furniture and vehicles: +€21,143
- Profit (loss) carried forward +€28,726
up €28,726 (+91.5%), from €31,379 to €60,105
- Debts after one year -€24,232
down €24,232 (-16.7%), from €145,132 to €120,900
- Tax, wage and social debts -€13,200
no longer reported in 2025 (was €13,200)
- Accrued charges and deferred income -€12,233
down €12,233 (-37.5%), from €32,663 to €20,430
- Current portion of long-term debt -€9,662
down €9,662 (-21.6%), from €44,794 to €35,132
- Gross operating margin +€78,256
up €78,256 (+16.2%), from €482,404 to €560,660
- Turnover +€59,553
up €59,553 (+9.3%), from €640,706 to €700,259
- Other operating charges +€17,440
up €17,440 (+23.3%), from €74,755 to €92,195
- Depreciation -€8,681
down €8,681 (-13.1%), from €66,096 to €57,415
- Taxes -€8,104
down €8,104 (-8.7%), from €92,678 to €84,574
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €456,243 | €418,081 | -€38,162 | -8.4% |
| Fixed assets | 21/28 | €386,650 | €402,151 | +€15,501 | +4.0% |
| Tangible fixed assets | 22/27 | €386,650 | €402,151 | +€15,501 | +4.0% |
| Land and buildings | 22 | €342,623 | €336,981 | -€5,642 | -1.6% |
| Furniture and vehicles | 24 | €44,027 | €65,170 | +€21,143 | +48.0% |
| Current assets | 29/58 | €69,593 | €15,930 | -€53,663 | -77.1% |
| Cash at bank and in hand | 54/58 | €63,465 | €9,882 | -€53,583 | -84.4% |
| Deferred charges and accrued income | 490/1 | €6,128 | €6,048 | -€80 | -1.3% |
| Total equity and liabilities | 10/49 | €456,243 | €418,081 | -€38,162 | -8.4% |
| Equity | 10/15 | €147,379 | €176,105 | +€28,726 | +19.5% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Reserves | 13 | €6,000 | €6,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,379 | €60,105 | +€28,726 | +91.5% |
| Amounts payable | 17/49 | €308,864 | €241,976 | -€66,888 | -21.7% |
| Amounts payable after more than one year | 17 | €145,132 | €120,900 | -€24,232 | -16.7% |
| Financial debts | 170/4 | €145,132 | €120,900 | -€24,232 | -16.7% |
| Amounts payable within one year | 42/48 | €131,069 | €100,646 | -€30,423 | -23.2% |
| Current portion of amounts payable after more than one year | 42 | €44,794 | €35,132 | -€9,662 | -21.6% |
| Trade debts | 44 | €9,333 | €935 | -€8,398 | -90.0% |
| Suppliers | 440/4 | €9,333 | €935 | -€8,398 | -90.0% |
| Taxes, remuneration and social security | 45 | €13,200 | - | -€13,200 | |
| Taxes | 450/3 | €13,200 | - | -€13,200 | |
| Other amounts payable | 47/48 | €63,742 | €64,579 | +€837 | +1.3% |
| Accrued charges and deferred income | 492/3 | €32,663 | €20,430 | -€12,233 | -37.5% |
| Turnover | 70 | €640,706 | €700,259 | +€59,553 | +9.3% |
| Non-recurring operating income | 76A | - | €13,000 | +€13,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €158,302 | €152,599 | -€5,703 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,096 | €57,415 | -€8,681 | -13.1% |
| Other operating charges | 640/8 | €74,755 | €92,195 | +€17,440 | +23.3% |
| Gross operating margin | 9900 | €482,404 | €560,660 | +€78,256 | +16.2% |
| Operating profit (loss) | 9901 | €341,553 | €411,050 | +€69,497 | +20.3% |
| Financial income | 75/76B | €5,680 | €148 | -€5,532 | -97.4% |
| Recurring financial income | 75 | €5,680 | €148 | -€5,532 | -97.4% |
| Financial charges | 65/66B | €15,106 | €11,898 | -€3,208 | -21.2% |
| Recurring financial charges | 65 | €15,106 | €11,898 | -€3,208 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €332,127 | €399,300 | +€67,173 | +20.2% |
| Income taxes | 67/77 | €92,678 | €84,574 | -€8,104 | -8.7% |
| Profit (loss) for the period | 9904 | €239,449 | €314,726 | +€75,277 | +31.4% |
| Profit (loss) for the period to be appropriated | 9905 | €239,449 | €314,726 | +€75,277 | +31.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.