Sesa Immo: what changed
Two financial 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.
Sesa Immo
Largest movements
- Stocks and contracts +€155,398
new in 2025: €155,398
- Tangible fixed assets -€91,931
down €91,931 (-2.0%), from €4.5m to €4.5m
- Debts after one year -€519,464
down €519,464 (-9.2%), from €5.7m to €5.1m
- Accrued charges and deferred income +€300,000
up €300,000 (+240.0%), from €125,000 to €425,000
- Profit (loss) carried forward +€181,511
up €181,511 (+511.9%), from €35,459 to €216,970
- Tax, wage and social debts +€87,273
up €87,273 (+739.6%), from €11,800 to €99,073
- Depreciation -€105,187
down €105,187 (-53.4%), from €197,118 to €91,931
- Gross operating margin +€76,045
up €76,045 (+20.3%), from €373,733 to €449,778
- Taxes +€54,500
up €54,500 (+461.9%), from €11,800 to €66,300
- Financial charges +€37,161
up €37,161 (+59.7%), from €62,276 to €99,437
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 | €6,219,172 | €6,273,202 | +€54,029 | +0.9% |
| Fixed assets | 21/28 | €6,202,324 | €6,110,392 | -€91,931 | -1.5% |
| Tangible fixed assets | 22/27 | €4,542,799 | €4,450,867 | -€91,931 | -2.0% |
| Land and buildings | 22 | €4,542,799 | €4,450,867 | -€91,931 | -2.0% |
| Financial fixed assets | 28 | €1,659,525 | €1,659,525 | = | 0.0% |
| Current assets | 29/58 | €16,849 | €162,809 | +€145,961 | +866.3% |
| Stocks and contracts in progress | 3 | - | €155,398 | +€155,398 | |
| Stocks | 30/36 | - | €155,398 | +€155,398 | |
| Amounts receivable within one year | 40/41 | €3,000 | €500 | -€2,500 | -83.3% |
| Trade receivables | 40 | €3,000 | €500 | -€2,500 | -83.3% |
| Other amounts receivable | 41 | €0 | €0 | -€0 | -100.0% |
| Cash at bank and in hand | 54/58 | €13,848 | €6,691 | -€7,158 | -51.7% |
| Deferred charges and accrued income | 490/1 | - | €220 | +€220 | |
| Total equity and liabilities | 10/49 | €6,219,172 | €6,273,202 | +€54,029 | +0.9% |
| Equity | 10/15 | €85,459 | €266,970 | +€181,511 | +212.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,459 | €216,970 | +€181,511 | +511.9% |
| Amounts payable | 17/49 | €6,133,713 | €6,006,232 | -€127,481 | -2.1% |
| Amounts payable after more than one year | 17 | €5,669,339 | €5,149,875 | -€519,464 | -9.2% |
| Financial debts | 170/4 | €5,669,339 | €5,149,875 | -€519,464 | -9.2% |
| Amounts payable within one year | 42/48 | €339,374 | €431,357 | +€91,983 | +27.1% |
| Current portion of amounts payable after more than one year | 42 | €200,692 | €212,097 | +€11,405 | +5.7% |
| Trade debts | 44 | €5,418 | €3,602 | -€1,816 | -33.5% |
| Suppliers | 440/4 | €5,418 | €3,602 | -€1,816 | -33.5% |
| Taxes, remuneration and social security | 45 | €11,800 | €99,073 | +€87,273 | +739.6% |
| Taxes | 450/3 | €11,800 | €99,073 | +€87,273 | +739.6% |
| Other amounts payable | 47/48 | €121,464 | €116,585 | -€4,878 | -4.0% |
| Accrued charges and deferred income | 492/3 | €125,000 | €425,000 | +€300,000 | +240.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €197,118 | €91,931 | -€105,187 | -53.4% |
| Other operating charges | 640/8 | €6,279 | €10,598 | +€4,319 | +68.8% |
| Gross operating margin | 9900 | €373,733 | €449,778 | +€76,045 | +20.3% |
| Operating profit (loss) | 9901 | €170,336 | €347,248 | +€176,912 | +103.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €62,276 | €99,437 | +€37,161 | +59.7% |
| Recurring financial charges | 65 | €62,276 | €99,437 | +€37,161 | +59.7% |
| Profit (loss) for the period before taxes | 9903 | €108,060 | €247,811 | +€139,751 | +129.3% |
| Income taxes | 67/77 | €11,800 | €66,300 | +€54,500 | +461.9% |
| Profit (loss) for the period | 9904 | €96,260 | €181,511 | +€85,251 | +88.6% |
| Profit (loss) for the period to be appropriated | 9905 | €96,260 | €181,511 | +€85,251 | +88.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.