IMMO S.T.S.: 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 S.T.S.
Largest movements
- Tangible fixed assets -€22,915
down €22,915 (-3.0%), from €769,193 to €746,278
of which Land and buildings: -€19,658
- Profit (loss) carried forward -€22,719
down €22,719 (-85.9%), from -€26,440 to -€49,159
- Gross operating margin -€11,557
down €11,557 (-37.5%), from €30,843 to €19,286
- Financial charges +€5,325
up €5,325 (+47.7%), from €11,162 to €16,487
- Depreciation -€352
down €352 (-1.5%), from €23,267 to €22,915
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 | €769,610 | €746,303 | -€23,307 | -3.0% |
| Fixed assets | 21/28 | €769,193 | €746,278 | -€22,915 | -3.0% |
| Tangible fixed assets | 22/27 | €769,193 | €746,278 | -€22,915 | -3.0% |
| Land and buildings | 22 | €760,365 | €740,707 | -€19,658 | -2.6% |
| Plant, machinery and equipment | 23 | €1,264 | €484 | -€781 | -61.7% |
| Furniture and vehicles | 24 | €7,564 | €5,088 | -€2,476 | -32.7% |
| Current assets | 29/58 | €417 | €24 | -€393 | -94.2% |
| Cash at bank and in hand | 54/58 | €100 | €16 | -€84 | -83.7% |
| Deferred charges and accrued income | 490/1 | €317 | €8 | -€309 | -97.5% |
| Total equity and liabilities | 10/49 | €769,610 | €746,303 | -€23,307 | -3.0% |
| Equity | 10/15 | €92,160 | €69,441 | -€22,719 | -24.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,440 | -€49,159 | -€22,719 | -85.9% |
| Amounts payable | 17/49 | €677,450 | €676,861 | -€588 | -0.1% |
| Amounts payable after more than one year | 17 | €665,869 | €665,057 | -€813 | -0.1% |
| Financial debts | 170/4 | €665,869 | €665,057 | -€813 | -0.1% |
| Amounts payable within one year | 42/48 | €10,442 | €11,804 | +€1,362 | +13.0% |
| Current portion of amounts payable after more than one year | 42 | €8,954 | €9,972 | +€1,018 | +11.4% |
| Financial debts | 43 | - | €35 | +€35 | |
| Credit institutions | 430/8 | - | €35 | +€35 | |
| Trade debts | 44 | €1,488 | €1,798 | +€310 | +20.8% |
| Suppliers | 440/4 | €1,488 | €1,798 | +€310 | +20.8% |
| Accrued charges and deferred income | 492/3 | €1,138 | - | -€1,138 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,267 | €22,915 | -€352 | -1.5% |
| Other operating charges | 640/8 | €2,526 | €2,604 | +€78 | +3.1% |
| Gross operating margin | 9900 | €30,843 | €19,286 | -€11,557 | -37.5% |
| Operating profit (loss) | 9901 | €5,050 | -€6,233 | -€11,283 | |
| Financial charges | 65/66B | €11,162 | €16,487 | +€5,325 | +47.7% |
| Recurring financial charges | 65 | €11,162 | €16,487 | +€5,325 | +47.7% |
| Profit (loss) for the period before taxes | 9903 | -€6,112 | -€22,719 | -€16,607 | -272% |
| Profit (loss) for the period | 9904 | -€6,112 | -€22,719 | -€16,607 | -272% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,112 | -€22,719 | -€16,607 | -272% |
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 31 October 2026 via checked.be.