SEJ 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.
SEJ Immo
Largest movements
- Tangible fixed assets -€7,933
down €7,933 (-7.8%), from €101,901 to €93,968
of which Land and buildings: -€7,111
- Other debts -€7,595
down €7,595 (-7.9%), from €95,746 to €88,151
- Gross operating margin -€1,478
down €1,478 (-12.6%), from €11,719 to €10,241
- Other operating charges -€251
down €251 (-7.8%), from €3,223 to €2,973
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 | €102,641 | €94,559 | -€8,082 | -7.9% |
| Fixed assets | 21/28 | €101,901 | €93,968 | -€7,933 | -7.8% |
| Tangible fixed assets | 22/27 | €101,901 | €93,968 | -€7,933 | -7.8% |
| Land and buildings | 22 | €98,902 | €91,791 | -€7,111 | -7.2% |
| Plant, machinery and equipment | 23 | €999 | €177 | -€822 | -82.3% |
| Furniture and vehicles | 24 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €740 | €591 | -€149 | -20.1% |
| Cash at bank and in hand | 54/58 | €740 | €298 | -€441 | -59.7% |
| Deferred charges and accrued income | 490/1 | - | €293 | +€293 | |
| Total equity and liabilities | 10/49 | €102,641 | €94,559 | -€8,082 | -7.9% |
| Equity | 10/15 | €3,731 | €2,966 | -€764 | -20.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,989 | €4,989 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,589 | €2,589 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,589 | €2,589 | = | 0.0% |
| Distributable reserves | 133 | €2,400 | €2,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,858 | -€20,623 | -€764 | -3.8% |
| Amounts payable | 17/49 | €98,910 | €91,593 | -€7,318 | -7.4% |
| Amounts payable within one year | 42/48 | €98,910 | €90,843 | -€8,068 | -8.2% |
| Trade debts | 44 | €3,164 | €2,691 | -€473 | -14.9% |
| Suppliers | 440/4 | €3,164 | €2,691 | -€473 | -14.9% |
| Other amounts payable | 47/48 | €95,746 | €88,151 | -€7,595 | -7.9% |
| Accrued charges and deferred income | 492/3 | - | €750 | +€750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,933 | €7,933 | -€0 | 0.0% |
| Other operating charges | 640/8 | €3,223 | €2,973 | -€251 | -7.8% |
| Gross operating margin | 9900 | €11,719 | €10,241 | -€1,478 | -12.6% |
| Operating profit (loss) | 9901 | €563 | -€665 | -€1,227 | |
| Financial charges | 65/66B | €82 | €100 | +€17 | +21.2% |
| Recurring financial charges | 65 | €82 | €100 | +€17 | +21.2% |
| Profit (loss) for the period before taxes | 9903 | €481 | -€764 | -€1,245 | |
| Profit (loss) for the period | 9904 | €481 | -€764 | -€1,245 | |
| Profit (loss) for the period to be appropriated | 9905 | €481 | -€764 | -€1,245 |
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 6 October 2026 via checked.be.