SR IMMOBILIER: 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.
SR IMMOBILIER
Largest movements
- Tangible fixed assets +€380,835
up €380,835 (+73.3%), from €519,579 to €900,414
of which Land and buildings: +€767,414
- Reserves +€220,000
up €220,000 (+176%), from €125,000 to €345,000
- Debts after one year +€126,929
up €126,929 (+17.3%), from €735,368 to €862,297
of which Financial debts: +€78,094
- Financial income +€98,932
up €98,932 (+49.2%), from €201,232 to €300,164
- Gross operating margin +€25,945
up €25,945 (+64.0%), from -€40,509 to -€14,564
- Financial charges +€11,931
up €11,931 (+290%), from €4,112 to €16,043
- Depreciation +€10,195
up €10,195 (+61.3%), from €16,625 to €26,820
- Taxes +€9,000
up €9,000 (+72.0%), from €12,500 to €21,500
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 | €1,237,384 | €1,609,128 | +€371,745 | +30.0% |
| Fixed assets | 21/28 | €1,219,579 | €1,600,414 | +€380,835 | +31.2% |
| Tangible fixed assets | 22/27 | €519,579 | €900,414 | +€380,835 | +73.3% |
| Land and buildings | 22 | €133,000 | €900,414 | +€767,414 | +577% |
| Assets under construction and advance payments | 27 | €386,579 | €0 | -€386,579 | -100% |
| Financial fixed assets | 28 | €700,000 | €700,000 | = | 0.0% |
| Current assets | 29/58 | €17,805 | €8,714 | -€9,091 | -51.1% |
| Amounts receivable within one year | 40/41 | €930 | €505 | -€425 | -45.7% |
| Other amounts receivable | 41 | €930 | €505 | -€425 | -45.7% |
| Cash at bank and in hand | 54/58 | €13,338 | €4,716 | -€8,621 | -64.6% |
| Deferred charges and accrued income | 490/1 | €3,537 | €3,492 | -€44 | -1.3% |
| Total equity and liabilities | 10/49 | €1,237,384 | €1,609,128 | +€371,745 | +30.0% |
| Equity | 10/15 | €475,286 | €695,847 | +€220,561 | +46.4% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Reserves | 13 | €125,000 | €345,000 | +€220,000 | +176% |
| Distributable reserves | 133 | €125,000 | €345,000 | +€220,000 | +176% |
| Profit (loss) carried forward | 14 | €286 | €847 | +€561 | +197% |
| Amounts payable | 17/49 | €762,098 | €913,281 | +€151,183 | +19.8% |
| Amounts payable after more than one year | 17 | €735,368 | €862,297 | +€126,929 | +17.3% |
| Financial debts | 170/4 | €297,526 | €375,619 | +€78,094 | +26.2% |
| Other amounts payable | 178/9 | €437,843 | €486,678 | +€48,835 | +11.2% |
| Amounts payable within one year | 42/48 | €26,730 | €47,535 | +€20,805 | +77.8% |
| Current portion of amounts payable after more than one year | 42 | €7,035 | €18,761 | +€11,726 | +167% |
| Trade debts | 44 | €7,195 | €6,557 | -€638 | -8.9% |
| Suppliers | 440/4 | €7,195 | €6,557 | -€638 | -8.9% |
| Taxes, remuneration and social security | 45 | €12,500 | €21,500 | +€9,000 | +72.0% |
| Taxes | 450/3 | €12,500 | €21,500 | +€9,000 | +72.0% |
| Other amounts payable | 47/48 | - | €717 | +€717 | |
| Accrued charges and deferred income | 492/3 | - | €3,449 | +€3,449 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,625 | €26,820 | +€10,195 | +61.3% |
| Other operating charges | 640/8 | €2,201 | €676 | -€1,525 | -69.3% |
| Gross operating margin | 9900 | -€40,509 | -€14,564 | +€25,945 | +64.0% |
| Operating profit (loss) | 9901 | -€59,335 | -€42,060 | +€17,275 | +29.1% |
| Financial income | 75/76B | €201,232 | €300,164 | +€98,932 | +49.2% |
| Recurring financial income | 75 | €201,232 | €300,164 | +€98,932 | +49.2% |
| Financial charges | 65/66B | €4,112 | €16,043 | +€11,931 | +290% |
| Recurring financial charges | 65 | €4,112 | €16,043 | +€11,931 | +290% |
| Profit (loss) for the period before taxes | 9903 | €137,786 | €242,061 | +€104,276 | +75.7% |
| Income taxes | 67/77 | €12,500 | €21,500 | +€9,000 | +72.0% |
| Profit (loss) for the period | 9904 | €125,286 | €220,561 | +€95,276 | +76.0% |
| Profit (loss) for the period to be appropriated | 9905 | €125,286 | €220,561 | +€95,276 | +76.0% |
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 19 October 2026 via checked.be.