SMH 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.
SMH IMMO
Largest movements
- Tangible fixed assets -€17,137
down €17,137 (-5.9%), from €289,356 to €272,219
- Cash -€3,328
down €3,328 (-96.8%), from €3,439 to €110
mainly Net result for the year (-€21,334) and Trade debts (-€4,565)
- Profit (loss) carried forward -€21,334
down €21,334 (-6.2%), from -€342,315 to -€363,648
- Debts after one year +€5,000
up €5,000 (+16.7%), from €30,000 to €35,000
- Trade debts -€4,565
down €4,565 (-98.5%), from €4,633 to €69
- Gross operating margin +€4,648
up €4,648 (+57.1%), from -€8,146 to -€3,498
- Other operating charges -€320
down €320 (-100%), from €320 to €0
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €292,795 | €272,329 | -€20,466 | -7.0% |
| Fixed assets | 21/28 | €289,356 | €272,219 | -€17,137 | -5.9% |
| Tangible fixed assets | 22/27 | €289,356 | €272,219 | -€17,137 | -5.9% |
| Land and buildings | 22 | €289,356 | €272,219 | -€17,137 | -5.9% |
| Current assets | 29/58 | €3,439 | €110 | -€3,328 | -96.8% |
| Cash at bank and in hand | 54/58 | €3,439 | €110 | -€3,328 | -96.8% |
| Total equity and liabilities | 10/49 | €292,795 | €272,329 | -€20,466 | -7.0% |
| Equity | 10/15 | €257,685 | €236,352 | -€21,334 | -8.3% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€342,315 | -€363,648 | -€21,334 | -6.2% |
| Amounts payable | 17/49 | €35,109 | €35,978 | +€868 | +2.5% |
| Amounts payable after more than one year | 17 | €30,000 | €35,000 | +€5,000 | +16.7% |
| Financial debts | 170/4 | €30,000 | €35,000 | +€5,000 | +16.7% |
| Amounts payable within one year | 42/48 | €4,633 | €717 | -€3,917 | -84.5% |
| Trade debts | 44 | €4,633 | €69 | -€4,565 | -98.5% |
| Suppliers | 440/4 | €4,633 | €69 | -€4,565 | -98.5% |
| Other amounts payable | 47/48 | €0 | €648 | +€648 | |
| Accrued charges and deferred income | 492/3 | €476 | €261 | -€215 | -45.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,137 | €17,137 | = | 0.0% |
| Other operating charges | 640/8 | €320 | €0 | -€320 | -100% |
| Gross operating margin | 9900 | -€8,146 | -€3,498 | +€4,648 | +57.1% |
| Operating profit (loss) | 9901 | -€25,603 | -€20,635 | +€4,968 | +19.4% |
| Financial charges | 65/66B | €747 | €699 | -€48 | -6.4% |
| Recurring financial charges | 65 | €747 | €699 | -€48 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | -€26,350 | -€21,334 | +€5,016 | +19.0% |
| Profit (loss) for the period | 9904 | -€26,350 | -€21,334 | +€5,016 | +19.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,350 | -€21,334 | +€5,016 | +19.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.