SITWELL 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.
SITWELL IMMO
Largest movements
- Tangible fixed assets -€36,032
down €36,032 (-7.0%), from €517,814 to €481,783
- Debts after one year -€38,645
down €38,645 (-18.2%), from €212,731 to €174,086
- Other debts -€17,184
down €17,184 (-72.4%), from €23,746 to €6,562
- Profit (loss) carried forward +€10,970
up €10,970 (+12.9%), from €85,254 to €96,224
- Trade debts +€9,528
up €9,528 (+152.9%), from €6,232 to €15,761
- Depreciation -€4,860
down €4,860 (-11.9%), from €40,891 to €36,032
- Gross operating margin +€3,331
up €3,331 (+4.6%), from €72,856 to €76,187
- Financial charges -€1,886
down €1,886 (-22.1%), from €8,520 to €6,634
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 | €522,419 | €483,953 | -€38,467 | -7.4% |
| Fixed assets | 21/28 | €517,814 | €481,783 | -€36,032 | -7.0% |
| Tangible fixed assets | 22/27 | €517,814 | €481,783 | -€36,032 | -7.0% |
| Land and buildings | 22 | €463,444 | €445,594 | -€17,850 | -3.9% |
| Plant, machinery and equipment | 23 | €22,824 | €10,835 | -€11,989 | -52.5% |
| Other tangible fixed assets | 26 | €31,546 | €25,353 | -€6,193 | -19.6% |
| Current assets | 29/58 | €4,605 | €2,170 | -€2,435 | -52.9% |
| Cash at bank and in hand | 54/58 | €4,605 | €2,170 | -€2,435 | -52.9% |
| Total equity and liabilities | 10/49 | €522,419 | €483,953 | -€38,467 | -7.4% |
| Equity | 10/15 | €239,530 | €250,500 | +€10,970 | +4.6% |
| Contributions | 10/11 | €140,251 | €140,251 | = | 0.0% |
| Capital | 10 | €140,251 | €140,251 | = | 0.0% |
| Issued capital | 100 | €140,251 | €140,251 | = | 0.0% |
| Reserves | 13 | €14,025 | €14,025 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,025 | €14,025 | = | 0.0% |
| Legal reserve | 130 | €14,025 | €14,025 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,254 | €96,224 | +€10,970 | +12.9% |
| Amounts payable | 17/49 | €282,889 | €233,452 | -€49,437 | -17.5% |
| Amounts payable after more than one year | 17 | €212,731 | €174,086 | -€38,645 | -18.2% |
| Financial debts | 170/4 | €212,731 | €174,086 | -€38,645 | -18.2% |
| Amounts payable within one year | 42/48 | €69,504 | €59,366 | -€10,138 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €39,525 | €37,044 | -€2,482 | -6.3% |
| Trade debts | 44 | €6,232 | €15,761 | +€9,528 | +152.9% |
| Suppliers | 440/4 | €6,232 | €15,761 | +€9,528 | +152.9% |
| Other amounts payable | 47/48 | €23,746 | €6,562 | -€17,184 | -72.4% |
| Accrued charges and deferred income | 492/3 | €654 | - | -€654 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,891 | €36,032 | -€4,860 | -11.9% |
| Other operating charges | 640/8 | €21,895 | €22,551 | +€656 | +3.0% |
| Gross operating margin | 9900 | €72,856 | €76,187 | +€3,331 | +4.6% |
| Operating profit (loss) | 9901 | €10,070 | €17,604 | +€7,534 | +74.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €8,520 | €6,634 | -€1,886 | -22.1% |
| Recurring financial charges | 65 | €8,520 | €6,634 | -€1,886 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €1,550 | €10,970 | +€9,420 | +607.8% |
| Profit (loss) for the period | 9904 | €1,550 | €10,970 | +€9,420 | +607.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,550 | €10,970 | +€9,420 | +607.8% |
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 7 October 2026 via checked.be.