Immo Star Landen: 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 Landen
Largest movements
- Cash +€2,584
up €2,584 (+18.0%), from €14,336 to €16,919
mainly Other debts (+€9,330) and Depreciation (+€8,053)
- Tangible fixed assets -€1,311
down €1,311 (-1.3%), from €104,210 to €102,899
of which Plant, machinery and equipment: -€1,588
- Other debts +€9,330
up €9,330 (+24.5%), from €38,105 to €47,435
- Reserves -€3,215
down €3,215 (-19.1%), from €16,824 to €13,609
- Debts after one year -€3,202
no longer reported in 2025 (was €3,202)
- Current portion of long-term debt -€2,200
down €2,200 (-40.7%), from €5,402 to €3,202
- Gross operating margin +€2,364
up €2,364 (+14.5%), from €16,251 to €18,615
- Taxes +€951
up €951 (+65.8%), from €1,445 to €2,396
- Depreciation +€410
up €410 (+5.4%), from €7,643 to €8,053
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 | €123,932 | €125,641 | +€1,709 | +1.4% |
| Fixed assets | 21/28 | €104,210 | €102,899 | -€1,311 | -1.3% |
| Tangible fixed assets | 22/27 | €104,210 | €102,899 | -€1,311 | -1.3% |
| Land and buildings | 22 | €101,065 | €101,342 | +€277 | +0.3% |
| Plant, machinery and equipment | 23 | €3,145 | €1,557 | -€1,588 | -50.5% |
| Current assets | 29/58 | €19,722 | €22,742 | +€3,020 | +15.3% |
| Amounts receivable within one year | 40/41 | €5,046 | €5,474 | +€429 | +8.5% |
| Trade receivables | 40 | €5,046 | €5,474 | +€429 | +8.5% |
| Other amounts receivable | 41 | €0 | - | -€0 | |
| Cash at bank and in hand | 54/58 | €14,336 | €16,919 | +€2,584 | +18.0% |
| Deferred charges and accrued income | 490/1 | €340 | €348 | +€8 | +2.3% |
| Total equity and liabilities | 10/49 | €123,932 | €125,641 | +€1,709 | +1.4% |
| Equity | 10/15 | €74,340 | €71,127 | -€3,213 | -4.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €16,824 | €13,609 | -€3,215 | -19.1% |
| Distributable reserves | 133 | €16,824 | €13,609 | -€3,215 | -19.1% |
| Profit (loss) carried forward | 14 | €38,923 | €38,925 | +€2 | 0.0% |
| Amounts payable | 17/49 | €49,592 | €54,514 | +€4,922 | +9.9% |
| Amounts payable after more than one year | 17 | €3,202 | - | -€3,202 | |
| Financial debts | 170/4 | €3,202 | - | -€3,202 | |
| Amounts payable within one year | 42/48 | €46,390 | €54,514 | +€8,124 | +17.5% |
| Current portion of amounts payable after more than one year | 42 | €5,402 | €3,202 | -€2,200 | -40.7% |
| Trade debts | 44 | €941 | €997 | +€57 | +6.0% |
| Suppliers | 440/4 | €941 | €997 | +€57 | +6.0% |
| Taxes, remuneration and social security | 45 | €1,942 | €2,880 | +€938 | +48.3% |
| Taxes | 450/3 | €1,942 | €2,880 | +€938 | +48.3% |
| Other amounts payable | 47/48 | €38,105 | €47,435 | +€9,330 | +24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,643 | €8,053 | +€410 | +5.4% |
| Other operating charges | 640/8 | €2,915 | €2,956 | +€40 | +1.4% |
| Gross operating margin | 9900 | €16,251 | €18,615 | +€2,364 | +14.5% |
| Operating profit (loss) | 9901 | €5,693 | €7,607 | +€1,914 | +33.6% |
| Financial charges | 65/66B | €344 | €234 | -€110 | -31.9% |
| Recurring financial charges | 65 | €344 | €234 | -€110 | -31.9% |
| Profit (loss) for the period before taxes | 9903 | €5,349 | €7,373 | +€2,024 | +37.8% |
| Income taxes | 67/77 | €1,445 | €2,396 | +€951 | +65.8% |
| Profit (loss) for the period | 9904 | €3,904 | €4,977 | +€1,072 | +27.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,904 | €4,977 | +€1,072 | +27.5% |
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 22 October 2026 via checked.be.