Immo Star: what changed
Two fiscal 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 Star
Largest movements
- Stocks and contracts +€392,405
up €392,405 (+19620.3%), from €2,000 to €394,405
- Receivables within one year +€139,346
up €139,346 (+340.0%), from €40,984 to €180,330
of which Trade receivables: +€123,463
- Tangible fixed assets -€34,711
down €34,711 (-2.0%), from €1.7m to €1.7m
of which Land and buildings: -€35,105
- Debts after one year +€182,923
up €182,923 (+35.4%), from €516,430 to €699,353
of which Financial debts: +€184,903
- Profit (loss) carried forward +€125,806
up €125,806, from -€32,201 to €93,605
- Other debts +€101,101
up €101,101 (+55.2%), from €183,284 to €284,385
- Tax, wage and social debts +€59,582
up €59,582 (+141.4%), from €42,134 to €101,716
- Current portion of long-term debt +€45,744
up €45,744 (+61.3%), from €74,624 to €120,368
- Gross operating margin +€162,473
up €162,473 (+112.8%), from €144,060 to €306,533
- Taxes +€37,809
up €37,809 (+427.3%), from €8,849 to €46,658
- Other operating charges +€19,410
up €19,410 (+33.9%), from €57,339 to €76,749
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.
Cash bridge derived
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 | €2,005,515 | €2,506,859 | +€501,344 | +25.0% |
| Fixed assets | 21/28 | €1,709,808 | €1,675,097 | -€34,711 | -2.0% |
| Tangible fixed assets | 22/27 | €1,709,808 | €1,675,097 | -€34,711 | -2.0% |
| Land and buildings | 22 | €1,709,217 | €1,674,112 | -€35,105 | -2.1% |
| Furniture and vehicles | 24 | €591 | €985 | +€394 | +66.7% |
| Current assets | 29/58 | €295,707 | €831,762 | +€536,055 | +181.3% |
| Stocks and contracts in progress | 3 | €2,000 | €394,405 | +€392,405 | +19620.3% |
| Stocks | 30/36 | €2,000 | €394,405 | +€392,405 | +19620.3% |
| Amounts receivable within one year | 40/41 | €40,984 | €180,330 | +€139,346 | +340.0% |
| Trade receivables | 40 | €40,984 | €164,447 | +€123,463 | +301.2% |
| Other amounts receivable | 41 | - | €15,883 | +€15,883 | |
| Cash at bank and in hand | 54/58 | €252,723 | €257,027 | +€4,304 | +1.7% |
| Total equity and liabilities | 10/49 | €2,005,515 | €2,506,859 | +€501,344 | +25.0% |
| Equity | 10/15 | €1,096,928 | €1,222,734 | +€125,806 | +11.5% |
| Revaluation surpluses | 12 | €1,043,000 | €1,043,000 | = | 0.0% |
| Reserves | 13 | €86,129 | €86,129 | = | 0.0% |
| Distributable reserves | 133 | €86,129 | €86,129 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,201 | €93,605 | +€125,806 | |
| Amounts payable | 17/49 | €908,587 | €1,284,125 | +€375,538 | +41.3% |
| Amounts payable after more than one year | 17 | €516,430 | €699,353 | +€182,923 | +35.4% |
| Financial debts | 170/4 | €514,450 | €699,353 | +€184,903 | +35.9% |
| Other amounts payable | 178/9 | €1,980 | - | -€1,980 | |
| Amounts payable within one year | 42/48 | €391,167 | €584,772 | +€193,605 | +49.5% |
| Current portion of amounts payable after more than one year | 42 | €74,624 | €120,368 | +€45,744 | +61.3% |
| Trade debts | 44 | €91,125 | €78,303 | -€12,822 | -14.1% |
| Suppliers | 440/4 | €91,125 | €78,303 | -€12,822 | -14.1% |
| Taxes, remuneration and social security | 45 | €42,134 | €101,716 | +€59,582 | +141.4% |
| Taxes | 450/3 | €42,134 | €101,716 | +€59,582 | +141.4% |
| Other amounts payable | 47/48 | €183,284 | €284,385 | +€101,101 | +55.2% |
| Accrued charges and deferred income | 492/3 | €990 | - | -€990 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,156 | €35,395 | +€239 | +0.7% |
| Other operating charges | 640/8 | €57,339 | €76,749 | +€19,410 | +33.9% |
| Gross operating margin | 9900 | €144,060 | €306,533 | +€162,473 | +112.8% |
| Operating profit (loss) | 9901 | €51,565 | €194,389 | +€142,824 | +277.0% |
| Financial charges | 65/66B | €19,405 | €21,925 | +€2,520 | +13.0% |
| Recurring financial charges | 65 | €19,405 | €21,925 | +€2,520 | +13.0% |
| Profit (loss) for the period before taxes | 9903 | €32,160 | €172,464 | +€140,304 | +436.3% |
| Income taxes | 67/77 | €8,849 | €46,658 | +€37,809 | +427.3% |
| Profit (loss) for the period | 9904 | €23,311 | €125,806 | +€102,495 | +439.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,311 | €125,806 | +€102,495 | +439.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.