IMMO MAX 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 MAX STAR
Largest movements
- Stocks and contracts +€119,042
up €119,042 (+20.5%), from €581,111 to €700,154
- Other debts +€288,914
up €288,914 (+114%), from €254,032 to €542,946
- Short-term financial debts -€150,000
down €150,000 (-50.0%), from €300,000 to €150,000
- Trade debts -€13,516
down €13,516 (-86.5%), from €15,628 to €2,112
- Financial charges -€5,490
down €5,490 (-31.2%), from €17,577 to €12,087
- Other operating charges +€4,730
up €4,730 (+119%), from €3,984 to €8,714
- Gross operating margin -€725
down €725 (-3.3%), from €21,730 to €21,005
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 | €590,935 | €712,970 | +€122,035 | +20.7% |
| Current assets | 29/58 | €590,935 | €712,970 | +€122,035 | +20.7% |
| Stocks and contracts in progress | 3 | €581,111 | €700,154 | +€119,042 | +20.5% |
| Stocks | 30/36 | €581,111 | €700,154 | +€119,042 | +20.5% |
| Amounts receivable within one year | 40/41 | €9,540 | €7,000 | -€2,540 | -26.6% |
| Trade receivables | 40 | €2,540 | €0 | -€2,540 | -100% |
| Other amounts receivable | 41 | €7,000 | €7,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €283 | €5,816 | +€5,533 | +1,953% |
| Total equity and liabilities | 10/49 | €590,935 | €712,970 | +€122,035 | +20.7% |
| Equity | 10/15 | €14,342 | €14,488 | +€145 | +1.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €18 | €18 | = | 0.0% |
| Distributable reserves | 133 | €18 | €18 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,925 | €2,070 | +€145 | +7.6% |
| Amounts payable | 17/49 | €576,592 | €698,482 | +€121,889 | +21.1% |
| Amounts payable within one year | 42/48 | €569,705 | €695,117 | +€125,411 | +22.0% |
| Financial debts | 43 | €300,000 | €150,000 | -€150,000 | -50.0% |
| Credit institutions | 430/8 | €300,000 | €150,000 | -€150,000 | -50.0% |
| Trade debts | 44 | €15,628 | €2,112 | -€13,516 | -86.5% |
| Suppliers | 440/4 | €15,628 | €2,112 | -€13,516 | -86.5% |
| Taxes, remuneration and social security | 45 | €45 | €59 | +€13 | +29.7% |
| Taxes | 450/3 | €45 | €59 | +€13 | +29.7% |
| Other amounts payable | 47/48 | €254,032 | €542,946 | +€288,914 | +114% |
| Accrued charges and deferred income | 492/3 | €6,887 | €3,365 | -€3,522 | -51.1% |
| Other operating charges | 640/8 | €3,984 | €8,714 | +€4,730 | +119% |
| Gross operating margin | 9900 | €21,730 | €21,005 | -€725 | -3.3% |
| Operating profit (loss) | 9901 | €17,746 | €12,291 | -€5,455 | -30.7% |
| Financial charges | 65/66B | €17,577 | €12,087 | -€5,490 | -31.2% |
| Recurring financial charges | 65 | €17,577 | €12,087 | -€5,490 | -31.2% |
| Profit (loss) for the period before taxes | 9903 | €170 | €204 | +€35 | +20.4% |
| Income taxes | 67/77 | €45 | €59 | +€13 | +29.7% |
| Profit (loss) for the period | 9904 | €124 | €145 | +€21 | +17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €124 | €145 | +€21 | +17.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.