IMMO STARK: 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 STARK
Largest movements
- Receivables within one year -€174,600
down €174,600 (-53.8%), from €324,600 to €150,000
- Deferred charges and accrued income -€44,268
no longer reported in 2024 (was €44,268)
- Tangible fixed assets +€41,432
up €41,432 (+9.9%), from €417,452 to €458,884
- Other debts -€239,450
down €239,450 (-38.5%), from €621,241 to €381,791
- Debts after one year +€189,530
up €189,530 (+22.5%), from €842,600 to €1.0m
- Profit (loss) carried forward -€72,623
down €72,623 (-18.9%), from €385,078 to €312,455
- Tax, wage and social debts -€32,802
down €32,802 (-71.3%), from €46,006 to €13,204
- Gross operating margin -€155,543
down €155,543, from €94,563 to -€60,980
- Taxes -€21,770
no longer reported in 2024 (was €21,770)
- Other operating charges -€3,471
down €3,471 (-54.7%), from €6,351 to €2,880
- Financial charges -€2,386
down €2,386 (-39.0%), from €6,120 to €3,735
From the 2023 result to the 2024 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,002,238 | €1,824,802 | -€177,435 | -8.9% |
| Fixed assets | 21/28 | €1,633,370 | €1,674,802 | +€41,432 | +2.5% |
| Tangible fixed assets | 22/27 | €417,452 | €458,884 | +€41,432 | +9.9% |
| Land and buildings | 22 | €417,452 | €458,884 | +€41,432 | +9.9% |
| Financial fixed assets | 28 | €1,215,918 | €1,215,918 | = | 0.0% |
| Current assets | 29/58 | €368,868 | €150,000 | -€218,868 | -59.3% |
| Amounts receivable within one year | 40/41 | €324,600 | €150,000 | -€174,600 | -53.8% |
| Trade receivables | 40 | €324,600 | €150,000 | -€174,600 | -53.8% |
| Deferred charges and accrued income | 490/1 | €44,268 | - | -€44,268 | |
| Total equity and liabilities | 10/49 | €2,002,238 | €1,824,802 | -€177,435 | -8.9% |
| Equity | 10/15 | €440,078 | €367,455 | -€72,623 | -16.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €385,078 | €312,455 | -€72,623 | -18.9% |
| Amounts payable | 17/49 | €1,562,159 | €1,457,347 | -€104,813 | -6.7% |
| Amounts payable after more than one year | 17 | €842,600 | €1,032,130 | +€189,530 | +22.5% |
| Financial debts | 170/4 | €842,600 | €1,032,130 | +€189,530 | +22.5% |
| Amounts payable within one year | 42/48 | €705,958 | €425,217 | -€280,741 | -39.8% |
| Financial debts | 43 | €28,037 | €29,855 | +€1,818 | +6.5% |
| Credit institutions | 430/8 | €28,037 | €29,855 | +€1,818 | +6.5% |
| Trade debts | 44 | €10,673 | €366 | -€10,307 | -96.6% |
| Suppliers | 440/4 | €10,673 | €366 | -€10,307 | -96.6% |
| Taxes, remuneration and social security | 45 | €46,006 | €13,204 | -€32,802 | -71.3% |
| Taxes | 450/3 | €46,006 | €13,204 | -€32,802 | -71.3% |
| Other amounts payable | 47/48 | €621,241 | €381,791 | -€239,450 | -38.5% |
| Accrued charges and deferred income | 492/3 | €13,601 | - | -€13,601 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,541 | €5,029 | +€488 | +10.7% |
| Other operating charges | 640/8 | €6,351 | €2,880 | -€3,471 | -54.7% |
| Gross operating margin | 9900 | €94,563 | -€60,980 | -€155,543 | |
| Operating profit (loss) | 9901 | €83,672 | -€68,888 | -€152,560 | |
| Financial charges | 65/66B | €6,120 | €3,735 | -€2,386 | -39.0% |
| Recurring financial charges | 65 | €6,120 | €3,735 | -€2,386 | -39.0% |
| Profit (loss) for the period before taxes | 9903 | €77,552 | -€72,623 | -€150,174 | |
| Income taxes | 67/77 | €21,770 | - | -€21,770 | |
| Profit (loss) for the period | 9904 | €55,781 | -€72,623 | -€128,404 | |
| Profit (loss) for the period to be appropriated | 9905 | €55,781 | -€72,623 | -€128,404 |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.