IMMO BST: 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.
IMMO BST
Largest movements
- Stocks and contracts -€180,051
down €180,051 (-21.0%), from €858,376 to €678,324
- Receivables within one year -€91,223
down €91,223 (-26.7%), from €341,094 to €249,871
of which Trade receivables: -€259,552
- Tangible fixed assets -€21,421
down €21,421 (-9.0%), from €237,269 to €215,848
of which Land and buildings: -€21,009
- Trade debts -€242,517
down €242,517 (-72.4%), from €335,174 to €92,657
- Debts after one year -€204,655
down €204,655 (-48.0%), from €426,301 to €221,646
of which Other amounts payable: -€186,071
- Other debts +€117,882
up €117,882 (+64.8%), from €182,002 to €299,884
- Accrued charges and deferred income +€48,597
up €48,597, from €0 to €48,597
- Tax, wage and social debts -€23,614
down €23,614 (-39.6%), from €59,624 to €36,010
- Gross operating margin +€58,709
up €58,709 (+70.9%), from €82,816 to €141,526
- Financial charges -€6,747
down €6,747 (-29.5%), from €22,906 to €16,159
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 | €1,717,184 | €1,419,808 | -€297,376 | -17.3% |
| Fixed assets | 21/28 | €477,185 | €455,763 | -€21,421 | -4.5% |
| Tangible fixed assets | 22/27 | €237,269 | €215,848 | -€21,421 | -9.0% |
| Land and buildings | 22 | €236,439 | €215,430 | -€21,009 | -8.9% |
| Furniture and vehicles | 24 | €830 | €417 | -€412 | -49.7% |
| Financial fixed assets | 28 | €239,916 | €239,916 | = | 0.0% |
| Current assets | 29/58 | €1,239,999 | €964,045 | -€275,955 | -22.3% |
| Stocks and contracts in progress | 3 | €858,376 | €678,324 | -€180,051 | -21.0% |
| Stocks | 30/36 | €858,376 | €678,324 | -€180,051 | -21.0% |
| Amounts receivable within one year | 40/41 | €341,094 | €249,871 | -€91,223 | -26.7% |
| Trade receivables | 40 | €275,573 | €16,020 | -€259,552 | -94.2% |
| Other amounts receivable | 41 | €65,522 | €233,851 | +€168,329 | +257% |
| Cash at bank and in hand | 54/58 | €40,529 | €35,849 | -€4,680 | -11.5% |
| Total equity and liabilities | 10/49 | €1,717,184 | €1,419,808 | -€297,376 | -17.3% |
| Equity | 10/15 | €364,892 | €385,188 | +€20,296 | +5.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €344,892 | €365,188 | +€20,296 | +5.9% |
| Provisions and deferred taxes | 16 | €50,000 | €50,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €50,000 | €50,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,302,292 | €984,621 | -€317,671 | -24.4% |
| Amounts payable after more than one year | 17 | €426,301 | €221,646 | -€204,655 | -48.0% |
| Financial debts | 170/4 | €114,573 | €95,988 | -€18,585 | -16.2% |
| Other amounts payable | 178/9 | €311,728 | €125,658 | -€186,071 | -59.7% |
| Amounts payable within one year | 42/48 | €875,991 | €714,378 | -€161,613 | -18.4% |
| Current portion of amounts payable after more than one year | 42 | €16,767 | €18,585 | +€1,817 | +10.8% |
| Financial debts | 43 | €282,424 | €267,242 | -€15,182 | -5.4% |
| Credit institutions | 430/8 | €282,424 | €267,242 | -€15,182 | -5.4% |
| Trade debts | 44 | €335,174 | €92,657 | -€242,517 | -72.4% |
| Suppliers | 440/4 | €335,174 | €92,657 | -€242,517 | -72.4% |
| Taxes, remuneration and social security | 45 | €59,624 | €36,010 | -€23,614 | -39.6% |
| Taxes | 450/3 | €59,624 | €36,010 | -€23,614 | -39.6% |
| Other amounts payable | 47/48 | €182,002 | €299,884 | +€117,882 | +64.8% |
| Accrued charges and deferred income | 492/3 | €0 | €48,597 | +€48,597 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,009 | €21,421 | +€412 | +2.0% |
| Other operating charges | 640/8 | €7,078 | €6,614 | -€464 | -6.6% |
| Non-recurring operating charges | 66A | - | €69,526 | +€69,526 | |
| Gross operating margin | 9900 | €82,816 | €141,526 | +€58,709 | +70.9% |
| Operating profit (loss) | 9901 | €54,729 | €43,964 | -€10,765 | -19.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €22,906 | €16,159 | -€6,747 | -29.5% |
| Recurring financial charges | 65 | €22,906 | €16,159 | -€6,747 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | €31,823 | €27,805 | -€4,018 | -12.6% |
| Income taxes | 67/77 | €8,672 | €7,510 | -€1,162 | -13.4% |
| Profit (loss) for the period | 9904 | €23,151 | €20,296 | -€2,856 | -12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €23,151 | €20,296 | -€2,856 | -12.3% |
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 24 October 2026 via checked.be.