SK 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.
SK IMMO
Largest movements
- Receivables within one year -€24,826
down €24,826 (-8.8%), from €283,505 to €258,679
- Tangible fixed assets -€17,621
down €17,621 (-7.5%), from €234,675 to €217,054
of which Land and buildings: -€16,259
- Deferred charges and accrued income -€7,668
down €7,668 (-35.6%), from €21,550 to €13,882
- Other debts -€60,100
down €60,100 (-33.4%), from €179,854 to €119,754
- Reserves +€30,351
up €30,351 (+49.0%), from €61,911 to €92,262
of which Distributable reserves: +€30,351
- Profit (loss) carried forward -€25,169
no longer reported in 2025 (was €25,169)
- Gross operating margin +€11,242
up €11,242 (+95.9%), from €11,717 to €22,959
- Taxes +€2,000
new in 2025: €2,000
- Financial income +€1,202
up €1,202 (+16.2%), from €7,444 to €8,647
of which Non-recurring financial income: +€973
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 | €556,271 | €507,835 | -€48,436 | -8.7% |
| Fixed assets | 21/28 | €250,498 | €232,877 | -€17,621 | -7.0% |
| Tangible fixed assets | 22/27 | €234,675 | €217,054 | -€17,621 | -7.5% |
| Land and buildings | 22 | €229,732 | €213,473 | -€16,259 | -7.1% |
| Plant, machinery and equipment | 23 | €4,299 | €3,452 | -€847 | -19.7% |
| Furniture and vehicles | 24 | €644 | €129 | -€516 | -80.0% |
| Financial fixed assets | 28 | €15,823 | €15,823 | = | 0.0% |
| Current assets | 29/58 | €305,773 | €274,958 | -€30,815 | -10.1% |
| Amounts receivable within one year | 40/41 | €283,505 | €258,679 | -€24,826 | -8.8% |
| Other amounts receivable | 41 | €283,505 | €258,679 | -€24,826 | -8.8% |
| Cash at bank and in hand | 54/58 | €719 | €2,397 | +€1,679 | +233.6% |
| Deferred charges and accrued income | 490/1 | €21,550 | €13,882 | -€7,668 | -35.6% |
| Total equity and liabilities | 10/49 | €556,271 | €507,835 | -€48,436 | -8.7% |
| Equity | 10/15 | €368,080 | €373,262 | +€5,182 | +1.4% |
| Contributions | 10/11 | €281,000 | €281,000 | = | 0.0% |
| Capital | 10 | €281,000 | €281,000 | = | 0.0% |
| Issued capital | 100 | €281,000 | €281,000 | = | 0.0% |
| Reserves | 13 | €61,911 | €92,262 | +€30,351 | +49.0% |
| Non-distributable reserves | 130/1 | €28,100 | €28,100 | = | 0.0% |
| Legal reserve | 130 | €28,100 | €28,100 | = | 0.0% |
| Distributable reserves | 133 | €33,811 | €64,162 | +€30,351 | +89.8% |
| Profit (loss) carried forward | 14 | €25,169 | - | -€25,169 | |
| Amounts payable | 17/49 | €188,192 | €134,573 | -€53,618 | -28.5% |
| Amounts payable within one year | 42/48 | €188,192 | €134,573 | -€53,618 | -28.5% |
| Trade debts | 44 | €6,188 | €10,669 | +€4,482 | +72.4% |
| Suppliers | 440/4 | €6,188 | €10,669 | +€4,482 | +72.4% |
| Taxes, remuneration and social security | 45 | €2,150 | €4,150 | +€2,000 | +93.0% |
| Taxes | 450/3 | €2,150 | €4,150 | +€2,000 | +93.0% |
| Other amounts payable | 47/48 | €179,854 | €119,754 | -€60,100 | -33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,761 | €17,621 | -€140 | -0.8% |
| Other operating charges | 640/8 | €6,354 | €6,552 | +€198 | +3.1% |
| Gross operating margin | 9900 | €11,717 | €22,959 | +€11,242 | +95.9% |
| Operating profit (loss) | 9901 | -€12,398 | -€1,215 | +€11,184 | +90.2% |
| Financial income | 75/76B | €7,444 | €8,647 | +€1,202 | +16.2% |
| Recurring financial income | 75 | €7,444 | €7,674 | +€230 | +3.1% |
| Non-recurring financial income | 76B | - | €973 | +€973 | |
| Financial charges | 65/66B | €198 | €250 | +€52 | +26.4% |
| Recurring financial charges | 65 | €198 | €250 | +€52 | +26.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,152 | €7,182 | +€12,334 | |
| Income taxes | 67/77 | - | €2,000 | +€2,000 | |
| Profit (loss) for the period | 9904 | -€5,152 | €5,182 | +€10,334 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,152 | €5,182 | +€10,334 |
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 5 October 2026 via checked.be.