IMMO STAR BXL: 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 STAR BXL
Largest movements
- Cash -€33,413
down €33,413 (-38.3%), from €87,266 to €53,853
mainly Net result for the year (-€39,386) and Debts after one year (-€14,906)
- Tangible fixed assets -€29,097
down €29,097 (-27.5%), from €105,741 to €76,643
- Profit (loss) carried forward -€39,386
down €39,386 (-22.2%), from -€177,037 to -€216,423
- Debts after one year -€14,906
down €14,906 (-1.0%), from €1.5m to €1.5m
- Gross operating margin +€9,001
up €9,001, from -€7,030 to €1,971
- Depreciation +€7,086
up €7,086 (+32.2%), from €22,012 to €29,097
- Other operating charges +€5,202
up €5,202 (+184%), from €2,826 to €8,028
- Taxes +€2,825
up €2,825 (+214%), from €1,317 to €4,143
- Financial charges -€89
no longer reported in 2025 (was €89)
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 | €1,332,836 | €1,270,657 | -€62,180 | -4.7% |
| Fixed assets | 21/28 | €106,391 | €77,293 | -€29,097 | -27.3% |
| Tangible fixed assets | 22/27 | €105,741 | €76,643 | -€29,097 | -27.5% |
| Furniture and vehicles | 24 | €105,741 | €76,643 | -€29,097 | -27.5% |
| Financial fixed assets | 28 | €650 | €650 | = | 0.0% |
| Current assets | 29/58 | €1,226,446 | €1,193,363 | -€33,082 | -2.7% |
| Stocks and contracts in progress | 3 | €1,131,692 | €1,134,695 | +€3,002 | +0.3% |
| Stocks | 30/36 | €1,131,692 | €1,134,695 | +€3,002 | +0.3% |
| Amounts receivable within one year | 40/41 | €168 | €2,197 | +€2,029 | +1,208% |
| Other amounts receivable | 41 | €168 | €2,197 | +€2,029 | +1,208% |
| Cash at bank and in hand | 54/58 | €87,266 | €53,853 | -€33,413 | -38.3% |
| Deferred charges and accrued income | 490/1 | €7,319 | €2,618 | -€4,700 | -64.2% |
| Total equity and liabilities | 10/49 | €1,332,836 | €1,270,657 | -€62,180 | -4.7% |
| Equity | 10/15 | -€158,037 | -€197,423 | -€39,386 | -24.9% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€177,037 | -€216,423 | -€39,386 | -22.2% |
| Amounts payable | 17/49 | €1,490,873 | €1,468,080 | -€22,794 | -1.5% |
| Amounts payable after more than one year | 17 | €1,478,385 | €1,463,479 | -€14,906 | -1.0% |
| Other amounts payable | 178/9 | €1,478,385 | €1,463,479 | -€14,906 | -1.0% |
| Amounts payable within one year | 42/48 | €12,488 | €4,601 | -€7,888 | -63.2% |
| Trade debts | 44 | €5,204 | €357 | -€4,847 | -93.1% |
| Suppliers | 440/4 | €5,204 | €357 | -€4,847 | -93.1% |
| Taxes, remuneration and social security | 45 | €7,284 | €4,244 | -€3,040 | -41.7% |
| Taxes | 450/3 | €7,284 | €4,244 | -€3,040 | -41.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,012 | €29,097 | +€7,086 | +32.2% |
| Other operating charges | 640/8 | €2,826 | €8,028 | +€5,202 | +184% |
| Non-recurring operating charges | 66A | - | €90 | +€90 | |
| Gross operating margin | 9900 | -€7,030 | €1,971 | +€9,001 | |
| Operating profit (loss) | 9901 | -€31,867 | -€35,243 | -€3,377 | -10.6% |
| Financial charges | 65/66B | €89 | - | -€89 | |
| Recurring financial charges | 65 | €89 | - | -€89 | |
| Profit (loss) for the period before taxes | 9903 | -€31,955 | -€35,243 | -€3,288 | -10.3% |
| Income taxes | 67/77 | €1,317 | €4,143 | +€2,825 | +214% |
| Profit (loss) for the period | 9904 | -€33,273 | -€39,386 | -€6,113 | -18.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,273 | -€39,386 | -€6,113 | -18.4% |
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 1 November 2026 via checked.be.