SJS 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.
SJS IMMO
Largest movements
- Tangible fixed assets -€22,609
down €22,609 (-2.8%), from €820,291 to €797,683
- Receivables within one year -€12,237
down €12,237 (-55.0%), from €22,237 to €10,000
- Debts after one year -€75,796
down €75,796 (-11.5%), from €657,149 to €581,354
- Reserves +€51,110
up €51,110 (+70.6%), from €72,429 to €123,539
- Financial charges -€3,632
down €3,632 (-11.5%), from €31,622 to €27,991
- Turnover +€3,573
up €3,573 (+2.7%), from €130,553 to €134,126
- Gross operating margin +€2,290
up €2,290 (+1.8%), from €125,467 to €127,757
- Taxes +€1,481
up €1,481 (+9.5%), from €15,606 to €17,087
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 | €848,957 | €821,245 | -€27,712 | -3.3% |
| Fixed assets | 21/28 | €820,291 | €797,683 | -€22,609 | -2.8% |
| Tangible fixed assets | 22/27 | €820,291 | €797,683 | -€22,609 | -2.8% |
| Land and buildings | 22 | €820,291 | €797,683 | -€22,609 | -2.8% |
| Current assets | 29/58 | €28,666 | €23,562 | -€5,104 | -17.8% |
| Amounts receivable within one year | 40/41 | €22,237 | €10,000 | -€12,237 | -55.0% |
| Trade receivables | 40 | €22,237 | €10,000 | -€12,237 | -55.0% |
| Cash at bank and in hand | 54/58 | €1,006 | €3,947 | +€2,942 | +292.5% |
| Deferred charges and accrued income | 490/1 | €5,423 | €9,615 | +€4,192 | +77.3% |
| Total equity and liabilities | 10/49 | €848,957 | €821,245 | -€27,712 | -3.3% |
| Equity | 10/15 | €87,429 | €138,539 | +€51,110 | +58.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €72,429 | €123,539 | +€51,110 | +70.6% |
| Distributable reserves | 133 | €72,429 | €123,539 | +€51,110 | +70.6% |
| Amounts payable | 17/49 | €761,529 | €682,707 | -€78,822 | -10.4% |
| Amounts payable after more than one year | 17 | €657,149 | €581,354 | -€75,796 | -11.5% |
| Financial debts | 170/4 | €657,149 | €581,354 | -€75,796 | -11.5% |
| Amounts payable within one year | 42/48 | €103,884 | €101,353 | -€2,531 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €77,302 | €75,796 | -€1,506 | -1.9% |
| Trade debts | 44 | €66 | €73 | +€7 | +10.5% |
| Suppliers | 440/4 | €66 | €73 | +€7 | +10.5% |
| Taxes, remuneration and social security | 45 | €16,516 | €15,484 | -€1,032 | -6.2% |
| Taxes | 450/3 | €16,516 | €15,484 | -€1,032 | -6.2% |
| Other amounts payable | 47/48 | €10,000 | €10,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €495 | - | -€495 | |
| Turnover | 70 | €130,553 | €134,126 | +€3,573 | +2.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €5,086 | €6,369 | +€1,283 | +25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,609 | €22,609 | = | 0.0% |
| Other operating charges | 640/8 | €8,726 | €8,963 | +€238 | +2.7% |
| Gross operating margin | 9900 | €125,467 | €127,757 | +€2,290 | +1.8% |
| Operating profit (loss) | 9901 | €94,132 | €96,185 | +€2,053 | +2.2% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €31,622 | €27,991 | -€3,632 | -11.5% |
| Recurring financial charges | 65 | €31,622 | €27,991 | -€3,632 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €62,510 | €68,197 | +€5,686 | +9.1% |
| Income taxes | 67/77 | €15,606 | €17,087 | +€1,481 | +9.5% |
| Profit (loss) for the period | 9904 | €46,904 | €51,110 | +€4,206 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,904 | €51,110 | +€4,206 | +9.0% |
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 2 October 2026 via checked.be.