SKS 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.
SKS IMMO
Largest movements
- Financial fixed assets +€50,000
new in 2025: €50,000
- Receivables within one year +€43,911
up €43,911 (+54888.5%), from €80 to €43,991
of which Other amounts receivable: +€34,746
- Tangible fixed assets -€17,692
down €17,692 (-9.6%), from €184,822 to €167,130
- Other debts +€95,215
up €95,215 (+74.1%), from €128,524 to €223,739
- Current portion of long-term debt -€11,666
down €11,666 (-58.3%), from €20,000 to €8,334
- Debts after one year -€8,334
down €8,334 (-82.3%), from €10,124 to €1,790
of which Financial debts: -€8,334
- Trade debts -€8,260
down €8,260 (-65.8%), from €12,561 to €4,301
- Reserves +€6,792
new in 2025: €6,792
- Gross operating margin +€7,600
up €7,600 (+28.8%), from €26,357 to €33,957
- Taxes +€3,167
new in 2025: €3,167
- Depreciation +€895
up €895 (+5.3%), from €16,798 to €17,692
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 | €189,314 | €264,722 | +€75,409 | +39.8% |
| Fixed assets | 21/28 | €184,822 | €217,130 | +€32,308 | +17.5% |
| Tangible fixed assets | 22/27 | €184,822 | €167,130 | -€17,692 | -9.6% |
| Land and buildings | 22 | €184,822 | €167,130 | -€17,692 | -9.6% |
| Financial fixed assets | 28 | - | €50,000 | +€50,000 | |
| Current assets | 29/58 | €4,492 | €47,593 | +€43,101 | +959.6% |
| Amounts receivable within one year | 40/41 | €80 | €43,991 | +€43,911 | +54888.5% |
| Trade receivables | 40 | - | €9,165 | +€9,165 | |
| Other amounts receivable | 41 | €80 | €34,826 | +€34,746 | +43432.2% |
| Cash at bank and in hand | 54/58 | €4,412 | €3,602 | -€810 | -18.4% |
| Total equity and liabilities | 10/49 | €189,314 | €264,722 | +€75,409 | +39.8% |
| Equity | 10/15 | €18,105 | €25,392 | +€7,287 | +40.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €6,792 | +€6,792 | |
| Distributable reserves | 133 | - | €6,792 | +€6,792 | |
| Profit (loss) carried forward | 14 | -€495 | €0 | +€495 | |
| Amounts payable | 17/49 | €171,209 | €239,330 | +€68,122 | +39.8% |
| Amounts payable after more than one year | 17 | €10,124 | €1,790 | -€8,334 | -82.3% |
| Financial debts | 170/4 | €8,334 | €0 | -€8,334 | -100.0% |
| Other amounts payable | 178/9 | €1,790 | €1,790 | = | 0.0% |
| Amounts payable within one year | 42/48 | €161,085 | €237,540 | +€76,456 | +47.5% |
| Current portion of amounts payable after more than one year | 42 | €20,000 | €8,334 | -€11,666 | -58.3% |
| Trade debts | 44 | €12,561 | €4,301 | -€8,260 | -65.8% |
| Suppliers | 440/4 | €12,561 | €4,301 | -€8,260 | -65.8% |
| Taxes, remuneration and social security | 45 | - | €1,167 | +€1,167 | |
| Taxes | 450/3 | - | €1,167 | +€1,167 | |
| Other amounts payable | 47/48 | €128,524 | €223,739 | +€95,215 | +74.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,798 | €17,692 | +€895 | +5.3% |
| Other operating charges | 640/8 | €1,972 | €2,034 | +€62 | +3.2% |
| Gross operating margin | 9900 | €26,357 | €33,957 | +€7,600 | +28.8% |
| Operating profit (loss) | 9901 | €7,588 | €14,230 | +€6,643 | +87.5% |
| Financial charges | 65/66B | €907 | €777 | -€130 | -14.4% |
| Recurring financial charges | 65 | €907 | €777 | -€130 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €6,681 | €13,454 | +€6,773 | +101.4% |
| Income taxes | 67/77 | - | €3,167 | +€3,167 | |
| Profit (loss) for the period | 9904 | €6,681 | €10,287 | +€3,606 | +54.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,681 | €10,287 | +€3,606 | +54.0% |
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 10 October 2026 via checked.be.