SIKB 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.
SIKB IMMO
Largest movements
- Current investments +€450,000
up €450,000 (+30.0%), from €1.5m to €2.0m
- Cash -€158,765
down €158,765 (-45.8%), from €346,391 to €187,627
mainly Current investments (-€450,000) and Tax, wage and social debts (-€40,680)
- Tangible fixed assets -€107,831
down €107,831 (-1.9%), from €5.7m to €5.6m
- Profit (loss) carried forward +€176,408
up €176,408 (+3.4%), from €5.2m to €5.3m
- Gross operating margin +€47,605
up €47,605 (+14.2%), from €334,367 to €381,972
- Financial income -€9,846
down €9,846 (-23.5%), from €41,852 to €32,006
- Taxes +€5,567
up €5,567 (+10.5%), from €53,236 to €58,803
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.
Derived cash bridge
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 | €7,612,945 | €7,794,607 | +€181,662 | +2.4% |
| Fixed assets | 21/28 | €5,733,530 | €5,625,700 | -€107,831 | -1.9% |
| Tangible fixed assets | 22/27 | €5,733,530 | €5,625,700 | -€107,831 | -1.9% |
| Land and buildings | 22 | €5,733,530 | €5,625,700 | -€107,831 | -1.9% |
| Current assets | 29/58 | €1,879,415 | €2,168,908 | +€289,493 | +15.4% |
| Amounts receivable within one year | 40/41 | €1,203 | €4,416 | +€3,213 | +267% |
| Trade receivables | 40 | €1,193 | €3,607 | +€2,414 | +202% |
| Other amounts receivable | 41 | €10 | €809 | +€799 | +8,121% |
| Current investments | 50/53 | €1,500,000 | €1,950,000 | +€450,000 | +30.0% |
| Cash at bank and in hand | 54/58 | €346,391 | €187,627 | -€158,765 | -45.8% |
| Deferred charges and accrued income | 490/1 | €31,821 | €26,865 | -€4,955 | -15.6% |
| Total equity and liabilities | 10/49 | €7,612,945 | €7,794,607 | +€181,662 | +2.4% |
| Equity | 10/15 | €7,519,282 | €7,695,690 | +€176,408 | +2.3% |
| Contributions | 10/11 | €2,144,718 | €2,144,718 | = | 0.0% |
| Capital | 10 | €2,144,718 | €2,144,718 | = | 0.0% |
| Issued capital | 100 | €2,144,718 | €2,144,718 | = | 0.0% |
| Reserves | 13 | €214,486 | €214,486 | = | 0.0% |
| Non-distributable reserves | 130/1 | €214,472 | €214,472 | = | 0.0% |
| Legal reserve | 130 | €214,472 | €214,472 | = | 0.0% |
| Distributable reserves | 133 | €14 | €14 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,160,078 | €5,336,485 | +€176,408 | +3.4% |
| Amounts payable | 17/49 | €93,663 | €98,918 | +€5,254 | +5.6% |
| Amounts payable within one year | 42/48 | €88,931 | €95,627 | +€6,695 | +7.5% |
| Trade debts | 44 | €48,251 | €95,627 | +€47,375 | +98.2% |
| Suppliers | 440/4 | €48,251 | €95,627 | +€47,375 | +98.2% |
| Taxes, remuneration and social security | 45 | €40,680 | €0 | -€40,680 | -100% |
| Taxes | 450/3 | €40,680 | €0 | -€40,680 | -100% |
| Accrued charges and deferred income | 492/3 | €4,732 | €3,291 | -€1,441 | -30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,010 | €107,831 | -€179 | -0.2% |
| Other operating charges | 640/8 | €68,628 | €70,782 | +€2,153 | +3.1% |
| Gross operating margin | 9900 | €334,367 | €381,972 | +€47,605 | +14.2% |
| Operating profit (loss) | 9901 | €157,728 | €203,360 | +€45,631 | +28.9% |
| Financial income | 75/76B | €41,852 | €32,006 | -€9,846 | -23.5% |
| Recurring financial income | 75 | €41,852 | €32,006 | -€9,846 | -23.5% |
| Financial charges | 65/66B | €74 | €155 | +€82 | +111% |
| Recurring financial charges | 65 | €74 | €155 | +€82 | +111% |
| Profit (loss) for the period before taxes | 9903 | €199,507 | €235,210 | +€35,703 | +17.9% |
| Income taxes | 67/77 | €53,236 | €58,803 | +€5,567 | +10.5% |
| Profit (loss) for the period | 9904 | €146,271 | €176,408 | +€30,137 | +20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €146,271 | €176,408 | +€30,137 | +20.6% |
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 16 October 2026 via checked.be.