SL IMMO MANAGEMENT: 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.
SL IMMO MANAGEMENT
Largest movements
- Cash +€310,595
up €310,595 (+261%), from €118,800 to €429,395
mainly Current investments (+€187,790) and Net result for the year (+€123,073)
- Current investments -€187,790
down €187,790 (-12.4%), from €1.5m to €1.3m
- Profit (loss) carried forward +€68,691
up €68,691, from -€68,691 to €0
- Reserves +€54,382
up €54,382 (+2.5%), from €2.1m to €2.2m
of which Distributable reserves: +€54,382
- Financial income +€105,952
up €105,952 (+250%), from €42,450 to €148,402
- Taxes +€25,293
new in 2025: €25,293
- Write-downs +€17,380
up €17,380, from -€17,380 to €0
- Financial charges -€12,010
down €12,010 (-79.5%), from €15,115 to €3,105
- Gross operating margin +€7,559
up €7,559, from -€3,371 to €4,188
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 | €2,140,379 | €2,264,651 | +€124,272 | +5.8% |
| Current assets | 29/58 | €2,140,379 | €2,264,651 | +€124,272 | +5.8% |
| Amounts receivable within one year | 40/41 | €503,275 | €504,742 | +€1,467 | +0.3% |
| Trade receivables | 40 | €42,130 | €24,750 | -€17,380 | -41.3% |
| Other amounts receivable | 41 | €461,145 | €479,992 | +€18,847 | +4.1% |
| Current investments | 50/53 | €1,518,305 | €1,330,515 | -€187,790 | -12.4% |
| Cash at bank and in hand | 54/58 | €118,800 | €429,395 | +€310,595 | +261% |
| Total equity and liabilities | 10/49 | €2,140,379 | €2,264,651 | +€124,272 | +5.8% |
| Equity | 10/15 | €2,075,084 | €2,198,158 | +€123,073 | +5.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,137,575 | €2,191,958 | +€54,382 | +2.5% |
| Non-distributable reserves | 130/1 | €24,893 | €24,893 | = | 0.0% |
| Reserves not available under the articles | 1311 | €24,893 | €24,893 | = | 0.0% |
| Distributable reserves | 133 | €2,112,683 | €2,167,065 | +€54,382 | +2.6% |
| Profit (loss) carried forward | 14 | -€68,691 | €0 | +€68,691 | |
| Amounts payable | 17/49 | €65,295 | €66,494 | +€1,199 | +1.8% |
| Amounts payable within one year | 42/48 | €51,145 | €50,887 | -€259 | -0.5% |
| Trade debts | 44 | €1,227 | €349 | -€878 | -71.6% |
| Suppliers | 440/4 | €1,227 | €349 | -€878 | -71.6% |
| Other amounts payable | 47/48 | €49,919 | €50,538 | +€619 | +1.2% |
| Accrued charges and deferred income | 492/3 | €14,150 | €15,607 | +€1,457 | +10.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€17,380 | €0 | +€17,380 | |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Gross operating margin | 9900 | -€3,371 | €4,188 | +€7,559 | |
| Operating profit (loss) | 9901 | €12,923 | €3,070 | -€9,854 | -76.2% |
| Financial income | 75/76B | €42,450 | €148,402 | +€105,952 | +250% |
| Recurring financial income | 75 | €42,450 | €148,402 | +€105,952 | +250% |
| Financial charges | 65/66B | €15,115 | €3,105 | -€12,010 | -79.5% |
| Recurring financial charges | 65 | €15,115 | €3,105 | -€12,010 | -79.5% |
| Profit (loss) for the period before taxes | 9903 | €40,258 | €148,367 | +€108,109 | +269% |
| Income taxes | 67/77 | - | €25,293 | +€25,293 | |
| Profit (loss) for the period | 9904 | €40,258 | €123,073 | +€82,815 | +206% |
| Profit (loss) for the period to be appropriated | 9905 | €40,258 | €123,073 | +€82,815 | +206% |
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 20 October 2026 via checked.be.