SEE 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.
SEE IMMO
Largest movements
- Tangible fixed assets -€25,934
down €25,934 (-3.2%), from €816,567 to €790,633
- Other debts +€46,800
up €46,800 (+10.9%), from €430,000 to €476,800
- Debts after one year -€39,257
down €39,257 (-10.1%), from €388,390 to €349,133
- Profit (loss) carried forward -€36,276
down €36,276 (-86.2%), from -€42,083 to -€78,359
- Gross operating margin +€17,899
up €17,899, from -€10,262 to €7,637
- Depreciation +€8,966
up €8,966 (+52.8%), from €16,967 to €25,934
- Financial charges +€2,966
up €2,966 (+22.2%), from €13,335 to €16,301
- Other operating charges +€158
up €158 (+10.4%), from €1,520 to €1,678
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 | €822,618 | €795,341 | -€27,278 | -3.3% |
| Fixed assets | 21/28 | €816,567 | €790,633 | -€25,934 | -3.2% |
| Tangible fixed assets | 22/27 | €816,567 | €790,633 | -€25,934 | -3.2% |
| Land and buildings | 22 | €816,567 | €790,633 | -€25,934 | -3.2% |
| Current assets | 29/58 | €6,052 | €4,708 | -€1,344 | -22.2% |
| Cash at bank and in hand | 54/58 | €6,052 | €4,579 | -€1,473 | -24.3% |
| Deferred charges and accrued income | 490/1 | - | €129 | +€129 | |
| Total equity and liabilities | 10/49 | €822,618 | €795,341 | -€27,278 | -3.3% |
| Equity | 10/15 | -€39,083 | -€75,359 | -€36,276 | -92.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,083 | -€78,359 | -€36,276 | -86.2% |
| Amounts payable | 17/49 | €861,702 | €870,700 | +€8,998 | +1.0% |
| Amounts payable after more than one year | 17 | €388,390 | €349,133 | -€39,257 | -10.1% |
| Financial debts | 170/4 | €388,390 | €349,133 | -€39,257 | -10.1% |
| Amounts payable within one year | 42/48 | €472,212 | €520,441 | +€48,229 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €42,192 | €43,641 | +€1,449 | +3.4% |
| Trade debts | 44 | €20 | - | -€20 | |
| Suppliers | 440/4 | €20 | - | -€20 | |
| Other amounts payable | 47/48 | €430,000 | €476,800 | +€46,800 | +10.9% |
| Accrued charges and deferred income | 492/3 | €1,100 | €1,126 | +€26 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,967 | €25,934 | +€8,966 | +52.8% |
| Other operating charges | 640/8 | €1,520 | €1,678 | +€158 | +10.4% |
| Gross operating margin | 9900 | -€10,262 | €7,637 | +€17,899 | |
| Operating profit (loss) | 9901 | -€28,749 | -€19,975 | +€8,774 | +30.5% |
| Financial charges | 65/66B | €13,335 | €16,301 | +€2,966 | +22.2% |
| Recurring financial charges | 65 | €13,335 | €16,301 | +€2,966 | +22.2% |
| Profit (loss) for the period before taxes | 9903 | -€42,083 | -€36,276 | +€5,808 | +13.8% |
| Profit (loss) for the period | 9904 | -€42,083 | -€36,276 | +€5,808 | +13.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,083 | -€36,276 | +€5,808 | +13.8% |
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 3 October 2026 via checked.be.