SHOPIMMO: 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
SHOPIMMO
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.6m
2024 · €304,759+€1.3m
Equity
€59.0m
2024 · €72.4m-€13.4m
Cash
€816,916
2024 · €672,578+€144,338
Balance sheet total
€265.9m
2024 · €284.3m-€18.4m
Largest movements
Assets
- Receivables within one year -€12.7m
down €12.7m (-57.3%), from €22.2m to €9.5m
of which Other amounts receivable: -€12.5m
- Tangible fixed assets -€5.0m
down €5.0m (-1.9%), from €258.9m to €254.0m
of which Land and buildings: -€5.7m
Equity and liabilities
- Current portion of long-term debt -€195.0m
no longer reported in 2025 (was €195.0m)
- Debts after one year +€194.9m
up €194.9m (+35281.5%), from €552,474 to €195.5m
of which Financial debts: +€195.0m
- Contributions -€15.0m
down €15.0m (-20.3%), from €73.9m to €58.9m
- Accrued charges and deferred income -€6.0m
down €6.0m (-50.1%), from €12.0m to €6.0m
Income statement
- Other operating income -€2.4m
down €2.4m (-41.5%), from €5.7m to €3.3m
- Turnover +€2.2m
up €2.2m (+11.6%), from €19.3m to €21.5m
- Other operating charges -€2.0m
down €2.0m (-43.9%), from €4.6m to €2.6m
- Depreciation -€958,351
down €958,351 (-12.0%), from €8.0m to €7.0m
- Financial charges -€602,941
down €602,941 (-7.9%), from €7.6m to €7.0m
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.
Result 2024
€304,759
Turnover
+€2.2m
Other operating income
-€2.4m
Services and other goods
-€433,288
Depreciation
+€958,351
Write-downs
+€47,742
Other operating charges
+€2.0m
Other operating items
-€1.7m
Financial income
-€3,952
Financial charges
+€602,941
Taxes
-€71,645
Result 2025
€1.6m
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.
From operations
+€17.3m
Investment
-€2.1m
Financing
-€15.1m
Cash 2024
€672,578
From operations (derived)
+€17.3m
Net result for the year
+€1.6m
Depreciation
+€7.0m
Receivables within one year
+€12.7m
Deferred charges and accrued income
+€843,436
Trade debts
+€1.0m
Tax, wage and social debts
-€549,116
Other debts
+€628,736
Accrued charges and deferred income
-€6.0m
Investment (derived)
-€2.1m
Investment in fixed assets (net)
-€2.1m
Financing
-€15.1m
Debts after one year
+€194.9m
Current portion of long-term debt
-€195.0m
Contributions, distributions and other
-€15.0m
Cash 2025
€816,916
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €284,270,549 | €265,854,153 | -€18.4m | -6.5% |
| Fixed assets | 21/28 | €258,940,936 | €253,968,679 | -€5.0m | -1.9% |
| Tangible fixed assets | 22/27 | €258,940,162 | €253,967,905 | -€5.0m | -1.9% |
| Land and buildings | 22 | €258,790,075 | €253,064,279 | -€5.7m | -2.2% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Assets under construction and advance payments | 27 | €150,086 | €903,626 | +€753,539 | +502.1% |
| Financial fixed assets | 28 | €774 | €774 | = | 0.0% |
| Affiliated companies | 280/1 | €1 | €1 | = | 0.0% |
| Participating interests | 280 | €1 | €1 | = | 0.0% |
| Other financial fixed assets | 284/8 | €773 | €773 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €773 | €773 | = | 0.0% |
| Current assets | 29/58 | €25,329,613 | €11,885,474 | -€13.4m | -53.1% |
| Amounts receivable within one year | 40/41 | €22,227,750 | €9,482,709 | -€12.7m | -57.3% |
| Trade receivables | 40 | €6,156,410 | €5,863,781 | -€292,629 | -4.8% |
| Other amounts receivable | 41 | €16,071,340 | €3,618,928 | -€12.5m | -77.5% |
| Cash at bank and in hand | 54/58 | €672,578 | €816,916 | +€144,338 | +21.5% |
| Deferred charges and accrued income | 490/1 | €2,429,285 | €1,585,849 | -€843,436 | -34.7% |
| Total equity and liabilities | 10/49 | €284,270,549 | €265,854,153 | -€18.4m | -6.5% |
| Equity | 10/15 | €72,384,237 | €58,976,235 | -€13.4m | -18.5% |
| Contributions | 10/11 | €73,945,500 | €58,945,500 | -€15.0m | -20.3% |
| Capital | 10 | €73,945,500 | €58,945,500 | -€15.0m | -20.3% |
| Issued capital | 100 | €73,945,500 | €58,945,500 | -€15.0m | -20.3% |
| Reserves | 13 | €1,547,003 | €1,547,003 | = | 0.0% |
| Non-distributable reserves | 130/1 | €797,003 | €797,003 | = | 0.0% |
| Legal reserve | 130 | €797,003 | €797,003 | = | 0.0% |
| Distributable reserves | 133 | €750,000 | €750,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,108,267 | -€1,516,268 | +€1.6m | +51.2% |
| Amounts payable | 17/49 | €211,886,312 | €206,877,918 | -€5.0m | -2.4% |
| Amounts payable after more than one year | 17 | €552,474 | €195,473,454 | +€194.9m | +35281.5% |
| Financial debts | 170/4 | - | €195,000,000 | +€195.0m | |
| Other loans | 174 | - | €195,000,000 | +€195.0m | |
| Other amounts payable | 178/9 | €552,474 | €473,454 | -€79,020 | -14.3% |
| Amounts payable within one year | 42/48 | €199,300,655 | €5,401,673 | -€193.9m | -97.3% |
| Current portion of amounts payable after more than one year | 42 | €195,000,000 | - | -€195.0m | |
| Trade debts | 44 | €1,019,312 | €2,040,709 | +€1.0m | +100.2% |
| Suppliers | 440/4 | €1,019,312 | €2,040,709 | +€1.0m | +100.2% |
| Taxes, remuneration and social security | 45 | €3,281,172 | €2,732,056 | -€549,116 | -16.7% |
| Taxes | 450/3 | €3,281,172 | €2,732,056 | -€549,116 | -16.7% |
| Other amounts payable | 47/48 | €171 | €628,907 | +€628,736 | +367424.0% |
| Accrued charges and deferred income | 492/3 | €12,033,183 | €6,002,791 | -€6.0m | -50.1% |
| Operating income | 70/76A | €26,024,722 | €24,822,768 | -€1.2m | -4.6% |
| Turnover | 70 | €19,250,422 | €21,481,526 | +€2.2m | +11.6% |
| Other operating income | 74 | €5,709,986 | €3,341,242 | -€2.4m | -41.5% |
| Non-recurring operating income | 76A | €1,064,314 | - | -€1.1m | |
| Operating charges | 60/66A | €18,436,474 | €16,474,625 | -€2.0m | -10.6% |
| Services and other goods | 61 | €5,758,360 | €6,191,648 | +€433,288 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,986,576 | €7,028,226 | -€958,351 | -12.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €90,259 | €42,516 | -€47,742 | -52.9% |
| Other operating charges | 640/8 | €4,601,278 | €2,583,350 | -€2.0m | -43.9% |
| Non-recurring operating charges | 66A | - | €628,885 | +€628,885 | |
| Operating profit (loss) | 9901 | €7,588,248 | €8,348,143 | +€759,895 | +10.0% |
| Financial income | 75/76B | €303,852 | €299,899 | -€3,952 | -1.3% |
| Recurring financial income | 75 | €303,852 | €299,899 | -€3,952 | -1.3% |
| Income from current assets | 751 | €302,732 | €299,328 | -€3,404 | -1.1% |
| Other financial income | 752/9 | €1,120 | €572 | -€548 | -49.0% |
| Financial charges | 65/66B | €7,587,341 | €6,984,399 | -€602,941 | -7.9% |
| Recurring financial charges | 65 | €7,587,341 | €6,984,399 | -€602,941 | -7.9% |
| Debt charges | 650 | €7,585,500 | €6,982,614 | -€602,886 | -7.9% |
| Other financial charges | 652/9 | €1,841 | €1,786 | -€55 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €304,759 | €1,663,643 | +€1.4m | +445.9% |
| Income taxes | 67/77 | - | €71,645 | +€71,645 | |
| Taxes | 670/3 | - | €71,645 | +€71,645 | |
| Profit (loss) for the period | 9904 | €304,759 | €1,591,998 | +€1.3m | +422.4% |
| Profit (loss) for the period to be appropriated | 9905 | €304,759 | €1,591,998 | +€1.3m | +422.4% |
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.