IMMO GREEN STAR: 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 GREEN STAR
Largest movements
- Cash -€53,246
down €53,246 (-73.1%), from €72,832 to €19,585
mainly Trade debts (-€87,337) and Receivables within one year (-€20,259)
- Receivables within one year +€20,259
up €20,259 (+34.9%), from €58,104 to €78,363
of which Trade receivables: +€29,312
- Tangible fixed assets -€18,722
down €18,722 (-6.8%), from €277,243 to €258,521
of which Land and buildings: -€20,709
- Deferred charges and accrued income -€16,904
down €16,904 (-47.9%), from €35,292 to €18,388
- Trade debts -€87,337
down €87,337 (-85.9%), from €101,687 to €14,350
- Accrued charges and deferred income +€38,635
up €38,635 (+99.1%), from €39,000 to €77,635
- Debts after one year -€15,880
down €15,880 (-8.7%), from €183,126 to €167,246
- Current portion of long-term debt -€9,109
down €9,109 (-36.5%), from €24,989 to €15,880
- Staff costs +€9,758
up €9,758 (+10.0%), from €97,124 to €106,882
- Other operating charges -€4,206
down €4,206 (-48.1%), from €8,744 to €4,537
- Taxes +€2,354
up €2,354 (+286%), from €824 to €3,178
- Financial charges -€1,721
down €1,721 (-26.7%), from €6,452 to €4,732
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 | €443,470 | €374,857 | -€68,613 | -15.5% |
| Fixed assets | 21/28 | €277,243 | €258,521 | -€18,722 | -6.8% |
| Tangible fixed assets | 22/27 | €277,243 | €258,521 | -€18,722 | -6.8% |
| Land and buildings | 22 | €275,460 | €254,751 | -€20,709 | -7.5% |
| Furniture and vehicles | 24 | €1,784 | €3,771 | +€1,987 | +111% |
| Current assets | 29/58 | €166,227 | €116,336 | -€49,891 | -30.0% |
| Amounts receivable within one year | 40/41 | €58,104 | €78,363 | +€20,259 | +34.9% |
| Trade receivables | 40 | €45,543 | €74,854 | +€29,312 | +64.4% |
| Other amounts receivable | 41 | €12,561 | €3,509 | -€9,053 | -72.1% |
| Cash at bank and in hand | 54/58 | €72,832 | €19,585 | -€53,246 | -73.1% |
| Deferred charges and accrued income | 490/1 | €35,292 | €18,388 | -€16,904 | -47.9% |
| Total equity and liabilities | 10/49 | €443,470 | €374,857 | -€68,613 | -15.5% |
| Equity | 10/15 | €62,422 | €63,810 | +€1,388 | +2.2% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €56,122 | €57,510 | +€1,388 | +2.5% |
| Distributable reserves | 133 | €56,122 | €57,510 | +€1,388 | +2.5% |
| Amounts payable | 17/49 | €381,048 | €311,048 | -€70,001 | -18.4% |
| Amounts payable after more than one year | 17 | €183,126 | €167,246 | -€15,880 | -8.7% |
| Financial debts | 170/4 | €183,126 | €167,246 | -€15,880 | -8.7% |
| Amounts payable within one year | 42/48 | €158,922 | €66,166 | -€92,756 | -58.4% |
| Current portion of amounts payable after more than one year | 42 | €24,989 | €15,880 | -€9,109 | -36.5% |
| Trade debts | 44 | €101,687 | €14,350 | -€87,337 | -85.9% |
| Suppliers | 440/4 | €101,687 | €14,350 | -€87,337 | -85.9% |
| Taxes, remuneration and social security | 45 | €13,251 | €15,441 | +€2,190 | +16.5% |
| Taxes | 450/3 | €1,051 | €7,795 | +€6,745 | +642% |
| Remuneration and social security | 454/9 | €12,201 | €7,645 | -€4,555 | -37.3% |
| Other amounts payable | 47/48 | €18,995 | €20,495 | +€1,500 | +7.9% |
| Accrued charges and deferred income | 492/3 | €39,000 | €77,635 | +€38,635 | +99.1% |
| Remuneration, social security and pensions | 62 | €97,124 | €106,882 | +€9,758 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,868 | €21,598 | -€271 | -1.2% |
| Other operating charges | 640/8 | €8,744 | €4,537 | -€4,206 | -48.1% |
| Gross operating margin | 9900 | €141,403 | €142,200 | +€797 | +0.6% |
| Operating profit (loss) | 9901 | €13,667 | €9,183 | -€4,484 | -32.8% |
| Financial income | 75/76B | €142 | €114 | -€28 | -19.7% |
| Recurring financial income | 75 | €142 | €114 | -€28 | -19.7% |
| Financial charges | 65/66B | €6,452 | €4,732 | -€1,721 | -26.7% |
| Recurring financial charges | 65 | €6,452 | €4,732 | -€1,721 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | €7,357 | €4,566 | -€2,791 | -37.9% |
| Income taxes | 67/77 | €824 | €3,178 | +€2,354 | +286% |
| Profit (loss) for the period | 9904 | €6,533 | €1,388 | -€5,146 | -78.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,533 | €1,388 | -€5,146 | -78.8% |
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 29 October 2026 via checked.be.