FONCIÈRE STUTTGART: 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.
What changed
FONCIÈRE STUTTGART
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€59,360
2024 · -€86,075+€145,435
Equity
-€226,555
2024 · -€285,915+€59,360
Cash
€41,439
2024 · €15,431+€26,008
Balance sheet total
€8.8m
2024 · €9.0m-€194,627
Largest movements
Assets
- Tangible fixed assets -€202,852
down €202,852 (-2.4%), from €8.6m to €8.4m
of which Land and buildings: -€192,602
Equity and liabilities
- Debts after one year -€820,000
down €820,000 (-12.8%), from €6.4m to €5.6m
of which Financial debts: -€820,000
- Short-term financial debts +€531,953
up €531,953 (+27.8%), from €1.9m to €2.4m
Income statement
- Financial charges -€136,648
down €136,648 (-30.2%), from €451,988 to €315,340
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.
Result 2024
-€86,075
Depreciation
+€148
Other operating charges
+€7,011
Other operating items
+€1,628
Financial charges
+€136,648
Result 2025
€59,360
raises the resultnot broken down further in the accounts
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.
From operations
+€314,055
Investment
€0
Financing
-€288,047
Cash 2024
€15,431
From operations (derived)
+€314,055
Net result for the year
+€59,360
Depreciation
+€202,852
Receivables within one year
-€20,553
Deferred charges and accrued income
+€38,336
Trade debts
+€51,069
Tax, wage and social debts
-€10,517
Accrued charges and deferred income
-€6,492
Financing
-€288,047
Debts after one year
-€820,000
Short-term financial debts
+€531,953
Cash 2025
€41,439
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,950,460 | €8,755,833 | -€194,627 | -2.2% |
| Fixed assets | 21/28 | €8,602,776 | €8,399,924 | -€202,852 | -2.4% |
| Tangible fixed assets | 22/27 | €8,602,776 | €8,399,924 | -€202,852 | -2.4% |
| Land and buildings | 22 | €8,414,859 | €8,222,257 | -€192,602 | -2.3% |
| Plant, machinery and equipment | 23 | €187,917 | €177,667 | -€10,250 | -5.5% |
| Current assets | 29/58 | €347,684 | €355,909 | +€8,225 | +2.4% |
| Amounts receivable within one year | 40/41 | - | €20,553 | +€20,553 | |
| Other amounts receivable | 41 | - | €20,553 | +€20,553 | |
| Cash at bank and in hand | 54/58 | €15,431 | €41,439 | +€26,008 | +169% |
| Deferred charges and accrued income | 490/1 | €332,253 | €293,917 | -€38,336 | -11.5% |
| Total equity and liabilities | 10/49 | €8,950,460 | €8,755,833 | -€194,627 | -2.2% |
| Equity | 10/15 | -€285,915 | -€226,555 | +€59,360 | +20.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€290,915 | -€231,555 | +€59,360 | +20.4% |
| Amounts payable | 17/49 | €9,236,375 | €8,982,388 | -€253,987 | -2.7% |
| Amounts payable after more than one year | 17 | €6,422,267 | €5,602,267 | -€820,000 | -12.8% |
| Financial debts | 170/4 | €6,355,000 | €5,535,000 | -€820,000 | -12.9% |
| Credit institutions | 173 | €6,355,000 | €5,535,000 | -€820,000 | -12.9% |
| Other amounts payable | 178/9 | €67,267 | €67,267 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,789,796 | €3,362,301 | +€572,505 | +20.5% |
| Current portion of amounts payable after more than one year | 42 | €820,000 | €820,000 | = | 0.0% |
| Financial debts | 43 | €1,911,344 | €2,443,297 | +€531,953 | +27.8% |
| Other loans | 439 | €1,911,344 | €2,443,297 | +€531,953 | +27.8% |
| Trade debts | 44 | €47,935 | €99,004 | +€51,069 | +107% |
| Bills of exchange payable | 441 | €47,935 | €99,004 | +€51,069 | +107% |
| Taxes, remuneration and social security | 45 | €10,517 | - | -€10,517 | |
| Taxes | 450/3 | €10,517 | - | -€10,517 | |
| Accrued charges and deferred income | 492/3 | €24,312 | €17,820 | -€6,492 | -26.7% |
| Operating income | 70/76A | €610,949 | €615,161 | +€4,212 | +0.7% |
| Other operating income | 74 | €610,949 | €615,161 | +€4,212 | +0.7% |
| Operating charges | 60/66A | €245,036 | €240,461 | -€4,575 | -1.9% |
| Services and other goods | 61 | €27,542 | €30,126 | +€2,584 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €203,000 | €202,852 | -€148 | -0.1% |
| Other operating charges | 640/8 | €14,494 | €7,483 | -€7,011 | -48.4% |
| Operating profit (loss) | 9901 | €365,913 | €374,700 | +€8,787 | +2.4% |
| Financial charges | 65/66B | €451,988 | €315,340 | -€136,648 | -30.2% |
| Recurring financial charges | 65 | €451,988 | €315,340 | -€136,648 | -30.2% |
| Debt charges | 650 | €451,406 | €314,655 | -€136,751 | -30.3% |
| Other financial charges | 652/9 | €582 | €685 | +€103 | +17.7% |
| Profit (loss) for the period before taxes | 9903 | -€86,075 | €59,360 | +€145,435 | |
| Profit (loss) for the period | 9904 | -€86,075 | €59,360 | +€145,435 | |
| Profit (loss) for the period to be appropriated | 9905 | -€86,075 | €59,360 | +€145,435 |
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.