Sovet 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.
Sovet Immo
Largest movements
- Cash +€287,057
up €287,057 (+134%), from €214,461 to €501,518
mainly Contributions, distributions and other (+€141,934) and Depreciation (+€51,907)
- Tangible fixed assets -€84,996
down €84,996 (-9.3%), from €918,801 to €833,805
of which Land and buildings: -€172,937
- Receivables within one year +€35,640
up €35,640 (+15.8%), from €225,869 to €261,509
of which Other amounts receivable: +€34,640
- Reserves +€155,976
up €155,976 (+46.1%), from €338,256 to €494,232
of which Tax-exempt reserves: +€141,934
- Provisions +€46,479
up €46,479 (+138%), from €33,655 to €80,134
- Debts after one year +€43,244
up €43,244, from €0 to €43,244
- Gross operating margin +€147,835
up €147,835 (+108%), from €137,268 to €285,104
- Taxes -€9,011
down €9,011 (-48.5%), from €18,579 to €9,568
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 | €1,366,542 | €1,604,105 | +€237,564 | +17.4% |
| Fixed assets | 21/28 | €918,801 | €833,805 | -€84,996 | -9.3% |
| Tangible fixed assets | 22/27 | €918,801 | €833,805 | -€84,996 | -9.3% |
| Land and buildings | 22 | €867,793 | €694,856 | -€172,937 | -19.9% |
| Plant, machinery and equipment | 23 | €1,334 | €873 | -€461 | -34.6% |
| Furniture and vehicles | 24 | €49,674 | €121,577 | +€71,903 | +145% |
| Assets under construction and advance payments | 27 | - | €16,500 | +€16,500 | |
| Current assets | 29/58 | €447,741 | €770,300 | +€322,559 | +72.0% |
| Amounts receivable within one year | 40/41 | €225,869 | €261,509 | +€35,640 | +15.8% |
| Trade receivables | 40 | - | €1,000 | +€1,000 | |
| Other amounts receivable | 41 | €225,869 | €260,509 | +€34,640 | +15.3% |
| Cash at bank and in hand | 54/58 | €214,461 | €501,518 | +€287,057 | +134% |
| Deferred charges and accrued income | 490/1 | €7,410 | €7,273 | -€137 | -1.9% |
| Total equity and liabilities | 10/49 | €1,366,542 | €1,604,105 | +€237,564 | +17.4% |
| Equity | 10/15 | €1,284,212 | €1,440,188 | +€155,976 | +12.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €338,256 | €494,232 | +€155,976 | +46.1% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €65,360 | €207,294 | +€141,934 | +217% |
| Distributable reserves | 133 | €266,747 | €280,789 | +€14,042 | +5.3% |
| Profit (loss) carried forward | 14 | €884,455 | €884,455 | = | 0.0% |
| Provisions and deferred taxes | 16 | €33,655 | €80,134 | +€46,479 | +138% |
| Deferred taxes | 168 | €33,655 | €80,134 | +€46,479 | +138% |
| Amounts payable | 17/49 | €48,675 | €83,784 | +€35,109 | +72.1% |
| Amounts payable after more than one year | 17 | €0 | €43,244 | +€43,244 | |
| Financial debts | 170/4 | €0 | €43,244 | +€43,244 | |
| Amounts payable within one year | 42/48 | €45,646 | €35,810 | -€9,836 | -21.5% |
| Current portion of amounts payable after more than one year | 42 | €13,872 | €14,398 | +€526 | +3.8% |
| Trade debts | 44 | €8,852 | €3,680 | -€5,172 | -58.4% |
| Suppliers | 440/4 | €8,852 | €3,680 | -€5,172 | -58.4% |
| Taxes, remuneration and social security | 45 | €14,818 | €9,102 | -€5,716 | -38.6% |
| Taxes | 450/3 | €14,818 | €9,102 | -€5,716 | -38.6% |
| Other amounts payable | 47/48 | €8,104 | €8,630 | +€526 | +6.5% |
| Accrued charges and deferred income | 492/3 | €3,028 | €4,729 | +€1,701 | +56.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,879 | €51,907 | +€1,028 | +2.0% |
| Other operating charges | 640/8 | €25,312 | €22,957 | -€2,355 | -9.3% |
| Gross operating margin | 9900 | €137,268 | €285,104 | +€147,835 | +108% |
| Operating profit (loss) | 9901 | €61,077 | €210,240 | +€149,163 | +244% |
| Financial income | 75/76B | €1,450 | €2,724 | +€1,274 | +87.9% |
| Recurring financial income | 75 | €1,450 | €2,724 | +€1,274 | +87.9% |
| Financial charges | 65/66B | €1,101 | €940 | -€161 | -14.6% |
| Recurring financial charges | 65 | €1,101 | €940 | -€161 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €61,425 | €212,023 | +€150,598 | +245% |
| Transfer from deferred taxes | 780 | €2,360 | €6,943 | +€4,583 | +194% |
| Transfer to deferred taxes | 680 | - | €195,356 | +€195,356 | |
| Income taxes | 67/77 | €18,579 | €9,568 | -€9,011 | -48.5% |
| Profit (loss) for the period | 9904 | €45,206 | €14,042 | -€31,164 | -68.9% |
| Transfer from tax-exempt reserves | 789 | €4,583 | - | -€4,583 | |
| Profit (loss) for the period to be appropriated | 9905 | €49,789 | €14,042 | -€35,747 | -71.8% |
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 16 October 2026 via checked.be.