SEFIMMO: 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.
SEFIMMO
Largest movements
- Tangible fixed assets +€16,703
up €16,703 (+14.2%), from €117,339 to €134,042
- Cash +€10,858
up €10,858 (+65.8%), from €16,508 to €27,367
mainly Net result for the year (+€20,392) and Depreciation (+€19,396)
- Receivables within one year -€5,746
down €5,746 (-12.5%), from €45,794 to €40,047
- Reserves +€20,392
up €20,392 (+14.4%), from €141,706 to €162,098
of which Distributable reserves: +€20,392
- Trade debts +€3,298
up €3,298 (+316.5%), from €1,042 to €4,340
- Gross operating margin +€11,648
up €11,648 (+27.4%), from €42,557 to €54,205
- Taxes +€3,165
up €3,165 (+87.2%), from €3,632 to €6,797
- Other operating charges -€1,562
down €1,562 (-17.6%), from €8,880 to €7,319
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 | €179,791 | €201,606 | +€21,815 | +12.1% |
| Fixed assets | 21/28 | €117,489 | €134,192 | +€16,703 | +14.2% |
| Tangible fixed assets | 22/27 | €117,339 | €134,042 | +€16,703 | +14.2% |
| Land and buildings | 22 | €117,339 | €134,042 | +€16,703 | +14.2% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €62,302 | €67,414 | +€5,112 | +8.2% |
| Amounts receivable within one year | 40/41 | €45,794 | €40,047 | -€5,746 | -12.5% |
| Other amounts receivable | 41 | €45,794 | €40,047 | -€5,746 | -12.5% |
| Cash at bank and in hand | 54/58 | €16,508 | €27,367 | +€10,858 | +65.8% |
| Total equity and liabilities | 10/49 | €179,791 | €201,606 | +€21,815 | +12.1% |
| Equity | 10/15 | €172,693 | €193,085 | +€20,392 | +11.8% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €141,706 | €162,098 | +€20,392 | +14.4% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Other | 1319 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €138,607 | €158,999 | +€20,392 | +14.7% |
| Amounts payable | 17/49 | €7,098 | €8,521 | +€1,423 | +20.0% |
| Amounts payable within one year | 42/48 | €7,098 | €8,521 | +€1,423 | +20.0% |
| Trade debts | 44 | €1,042 | €4,340 | +€3,298 | +316.5% |
| Suppliers | 440/4 | €1,042 | €4,340 | +€3,298 | +316.5% |
| Other amounts payable | 47/48 | €6,056 | €4,182 | -€1,875 | -31.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,999 | €19,396 | +€398 | +2.1% |
| Other operating charges | 640/8 | €8,880 | €7,319 | -€1,562 | -17.6% |
| Gross operating margin | 9900 | €42,557 | €54,205 | +€11,648 | +27.4% |
| Operating profit (loss) | 9901 | €14,678 | €27,490 | +€12,812 | +87.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €150 | €301 | +€151 | +100.7% |
| Recurring financial charges | 65 | €150 | €301 | +€151 | +100.7% |
| Profit (loss) for the period before taxes | 9903 | €14,528 | €27,189 | +€12,661 | +87.2% |
| Income taxes | 67/77 | €3,632 | €6,797 | +€3,165 | +87.2% |
| Profit (loss) for the period | 9904 | €10,896 | €20,392 | +€9,496 | +87.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,896 | €20,392 | +€9,496 | +87.2% |
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.