SO.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.
SO.IMMO
Largest movements
- Tangible fixed assets +€99,484
up €99,484 (+30.2%), from €328,969 to €428,453
of which Furniture and vehicles: +€119,846
- Receivables within one year -€36,939
down €36,939 (-32.5%), from €113,525 to €76,586
of which Other amounts receivable: -€26,939
- Current investments +€36,830
up €36,830 (+49.7%), from €74,061 to €110,891
- Cash -€18,835
down €18,835 (-47.6%), from €39,593 to €20,758
mainly Investment in fixed assets (net) (-€136,529) and Current investments (-€36,830)
- Debts after one year +€49,206
up €49,206 (+19.7%), from €250,081 to €299,287
- Current portion of long-term debt +€31,107
up €31,107 (+119.2%), from €26,104 to €57,210
- Depreciation +€16,683
up €16,683 (+81.9%), from €20,362 to €37,045
- Taxes -€9,054
down €9,054 (-47.8%), from €18,949 to €9,895
- Gross operating margin -€9,027
down €9,027 (-9.6%), from €94,470 to €85,443
- Other operating charges +€1,670
up €1,670 (+44.1%), from €3,785 to €5,455
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 | €556,148 | €639,449 | +€83,301 | +15.0% |
| Fixed assets | 21/28 | €328,969 | €428,453 | +€99,484 | +30.2% |
| Tangible fixed assets | 22/27 | €328,969 | €428,453 | +€99,484 | +30.2% |
| Land and buildings | 22 | €264,707 | €244,345 | -€20,362 | -7.7% |
| Furniture and vehicles | 24 | - | €119,846 | +€119,846 | |
| Other tangible fixed assets | 26 | €64,262 | €64,262 | = | 0.0% |
| Current assets | 29/58 | €227,179 | €210,996 | -€16,183 | -7.1% |
| Amounts receivable within one year | 40/41 | €113,525 | €76,586 | -€36,939 | -32.5% |
| Trade receivables | 40 | €10,000 | - | -€10,000 | |
| Other amounts receivable | 41 | €103,525 | €76,586 | -€26,939 | -26.0% |
| Current investments | 50/53 | €74,061 | €110,891 | +€36,830 | +49.7% |
| Cash at bank and in hand | 54/58 | €39,593 | €20,758 | -€18,835 | -47.6% |
| Deferred charges and accrued income | 490/1 | - | €2,761 | +€2,761 | |
| Total equity and liabilities | 10/49 | €556,148 | €639,449 | +€83,301 | +15.0% |
| Equity | 10/15 | €274,200 | €276,764 | +€2,564 | +0.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €243,435 | €245,995 | +€2,560 | +1.1% |
| Distributable reserves | 133 | €243,435 | €245,995 | +€2,560 | +1.1% |
| Profit (loss) carried forward | 14 | €765 | €769 | +€4 | +0.5% |
| Amounts payable | 17/49 | €281,947 | €362,685 | +€80,737 | +28.6% |
| Amounts payable after more than one year | 17 | €250,081 | €299,287 | +€49,206 | +19.7% |
| Financial debts | 170/4 | €250,081 | €299,287 | +€49,206 | +19.7% |
| Amounts payable within one year | 42/48 | €31,866 | €63,398 | +€31,532 | +99.0% |
| Current portion of amounts payable after more than one year | 42 | €26,104 | €57,210 | +€31,107 | +119.2% |
| Trade debts | 44 | €3,369 | €6,139 | +€2,770 | +82.2% |
| Suppliers | 440/4 | €3,369 | €6,139 | +€2,770 | +82.2% |
| Taxes, remuneration and social security | 45 | €1,295 | - | -€1,295 | |
| Taxes | 450/3 | €245 | - | -€245 | |
| Remuneration and social security | 454/9 | €1,050 | - | -€1,050 | |
| Other amounts payable | 47/48 | €1,098 | €48 | -€1,050 | -95.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,362 | €37,045 | +€16,683 | +81.9% |
| Other operating charges | 640/8 | €3,785 | €5,455 | +€1,670 | +44.1% |
| Gross operating margin | 9900 | €94,470 | €85,443 | -€9,027 | -9.6% |
| Operating profit (loss) | 9901 | €70,323 | €42,943 | -€27,379 | -38.9% |
| Financial income | 75/76B | €611 | €1,016 | +€405 | +66.4% |
| Recurring financial income | 75 | €611 | €1,016 | +€405 | +66.4% |
| Financial charges | 65/66B | €12,256 | €12,600 | +€344 | +2.8% |
| Recurring financial charges | 65 | €12,256 | €12,600 | +€344 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €58,677 | €31,359 | -€27,318 | -46.6% |
| Income taxes | 67/77 | €18,949 | €9,895 | -€9,054 | -47.8% |
| Profit (loss) for the period | 9904 | €39,728 | €21,464 | -€18,264 | -46.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,728 | €21,464 | -€18,264 | -46.0% |
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 5 October 2026 via checked.be.