SEBIMMO: 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.
What changed
SEBIMMO
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€5,549
2023 · €36,463-€30,914
Equity
€1.1m
2023 · €1.1m+€5,549
Cash
€7,939
2023 · €11,308-€3,369
Balance sheet total
€2.6m
2023 · €2.2m+€355,780
Largest movements
Assets
- Tangible fixed assets +€354,936
up €354,936 (+15.9%), from €2.2m to €2.6m
Equity and liabilities
- Debts after one year +€318,409
up €318,409 (+43.2%), from €736,909 to €1.1m
of which Financial debts: +€318,409
- Other debts +€53,310
up €53,310 (+44.9%), from €118,779 to €172,089
- Trade debts +€38,770
up €38,770 (+77.9%), from €49,757 to €88,526
- Short-term financial debts -€30,877
no longer reported in 2024 (was €30,877)
Income statement
- Gross operating margin -€39,948
down €39,948 (-24.7%), from €162,054 to €122,106
- Taxes -€14,140
down €14,140 (-61.6%), from €22,953 to €8,813
- Depreciation +€4,938
up €4,938 (+12.1%), from €40,828 to €45,766
From the 2023 result to the 2024 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.
Result 2023
€36,463
Gross operating margin
-€39,948
Depreciation
-€4,938
Other operating charges
-€464
Other operating items
-€400
Financial income
-€125
Financial charges
+€41
Taxes
+€14,140
Deferred taxes and other
+€781
Result 2024
€5,549
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€121,055
Investment
-€400,702
Financing
+€276,277
Cash 2023
€11,308
From operations (derived)
+€121,055
Net result for the year
+€5,549
Depreciation
+€45,766
Deferred charges and accrued income
-€4,214
Provisions
-€3,986
Trade debts
+€38,770
Tax, wage and social debts
-€14,140
Other debts
+€53,310
Investment (derived)
-€400,702
Investment in fixed assets (net)
-€400,702
Financing
+€276,277
Debts after one year
+€318,409
Current portion of long-term debt
-€11,255
Short-term financial debts
-€30,877
Cash 2024
€7,939
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,244,521 | €2,600,302 | +€355,780 | +15.9% |
| Fixed assets | 21/28 | €2,230,358 | €2,585,294 | +€354,936 | +15.9% |
| Tangible fixed assets | 22/27 | €2,230,358 | €2,585,294 | +€354,936 | +15.9% |
| Land and buildings | 22 | €2,230,358 | €2,585,294 | +€354,936 | +15.9% |
| Current assets | 29/58 | €14,164 | €15,008 | +€844 | +6.0% |
| Cash at bank and in hand | 54/58 | €11,308 | €7,939 | -€3,369 | -29.8% |
| Deferred charges and accrued income | 490/1 | €2,855 | €7,069 | +€4,214 | +147.6% |
| Total equity and liabilities | 10/49 | €2,244,521 | €2,600,302 | +€355,780 | +15.9% |
| Equity | 10/15 | €1,140,038 | €1,145,588 | +€5,549 | +0.5% |
| Contributions | 10/11 | €875,723 | €875,723 | = | 0.0% |
| Capital | 10 | €859,514 | €859,514 | = | 0.0% |
| Issued capital | 100 | €859,514 | €859,514 | = | 0.0% |
| Outside capital | 11 | €16,209 | €16,209 | = | 0.0% |
| Share premium | 1100/10 | €16,209 | €16,209 | = | 0.0% |
| Revaluation surpluses | 12 | €922,322 | €922,322 | = | 0.0% |
| Reserves | 13 | €447,966 | €453,515 | +€5,549 | +1.2% |
| Non-distributable reserves | 130/1 | €54,041 | €54,985 | +€944 | +1.7% |
| Legal reserve | 130 | €54,041 | €54,985 | +€944 | +1.7% |
| Tax-exempt reserves | 132 | €253,670 | €241,964 | -€11,706 | -4.6% |
| Distributable reserves | 133 | €140,255 | €156,566 | +€16,311 | +11.6% |
| Profit (loss) carried forward | 14 | -€1,105,973 | -€1,105,973 | = | 0.0% |
| Provisions and deferred taxes | 16 | €85,703 | €81,717 | -€3,986 | -4.7% |
| Deferred taxes | 168 | €85,703 | €81,717 | -€3,986 | -4.7% |
| Amounts payable | 17/49 | €1,018,780 | €1,372,997 | +€354,217 | +34.8% |
| Amounts payable after more than one year | 17 | €736,909 | €1,055,318 | +€318,409 | +43.2% |
| Financial debts | 170/4 | €92,551 | €410,960 | +€318,409 | +344.0% |
| Other amounts payable | 178/9 | €644,359 | €644,359 | = | 0.0% |
| Amounts payable within one year | 42/48 | €281,871 | €317,679 | +€35,808 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | €49,874 | €38,619 | -€11,255 | -22.6% |
| Financial debts | 43 | €30,877 | - | -€30,877 | |
| Credit institutions | 430/8 | €30,877 | - | -€30,877 | |
| Trade debts | 44 | €49,757 | €88,526 | +€38,770 | +77.9% |
| Suppliers | 440/4 | €49,757 | €88,526 | +€38,770 | +77.9% |
| Taxes, remuneration and social security | 45 | €32,585 | €18,445 | -€14,140 | -43.4% |
| Taxes | 450/3 | €32,585 | €18,445 | -€14,140 | -43.4% |
| Other amounts payable | 47/48 | €118,779 | €172,089 | +€53,310 | +44.9% |
| Non-recurring operating income | 76A | €2,190 | - | -€2,190 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,828 | €45,766 | +€4,938 | +12.1% |
| Other operating charges | 640/8 | €28,784 | €29,248 | +€464 | +1.6% |
| Non-recurring operating charges | 66A | - | €400 | +€400 | |
| Gross operating margin | 9900 | €162,054 | €122,106 | -€39,948 | -24.7% |
| Operating profit (loss) | 9901 | €92,442 | €46,692 | -€45,750 | -49.5% |
| Financial income | 75/76B | €255 | €129 | -€125 | -49.1% |
| Recurring financial income | 75 | €255 | €129 | -€125 | -49.1% |
| Financial charges | 65/66B | €36,486 | €36,445 | -€41 | -0.1% |
| Recurring financial charges | 65 | €36,486 | €36,445 | -€41 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €56,210 | €10,376 | -€45,834 | -81.5% |
| Transfer from deferred taxes | 780 | €3,205 | €3,986 | +€781 | +24.4% |
| Income taxes | 67/77 | €22,953 | €8,813 | -€14,140 | -61.6% |
| Profit (loss) for the period | 9904 | €36,463 | €5,549 | -€30,914 | -84.8% |
| Transfer from tax-exempt reserves | 789 | €9,364 | €11,706 | +€2,342 | +25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €45,827 | €17,255 | -€28,572 | -62.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.