IMMO STB: 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 STB
Largest movements
- Cash +€25,734
up €25,734 (+24.6%), from €104,491 to €130,224
mainly Net result for the year (+€26,071) and Depreciation (+€22,790)
- Reserves +€26,071
up €26,071 (+36.1%), from €72,127 to €98,198
of which Distributable reserves: +€26,071
- Tax, wage and social debts +€11,829
up €11,829 (+123.5%), from €9,578 to €21,406
of which Taxes: +€12,779
- Other debts -€11,400
down €11,400 (-11.8%), from €96,802 to €85,402
- Gross operating margin +€13,550
up €13,550 (+25.5%), from €53,190 to €66,740
- Taxes +€4,151
up €4,151 (+48.1%), from €8,628 to €12,779
- Depreciation +€970
up €970 (+4.4%), from €21,821 to €22,790
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 | €670,809 | €691,183 | +€20,373 | +3.0% |
| Fixed assets | 21/28 | €560,630 | €556,209 | -€4,421 | -0.8% |
| Tangible fixed assets | 22/27 | €560,630 | €556,209 | -€4,421 | -0.8% |
| Land and buildings | 22 | €560,630 | €556,209 | -€4,421 | -0.8% |
| Current assets | 29/58 | €110,179 | €134,974 | +€24,794 | +22.5% |
| Cash at bank and in hand | 54/58 | €104,491 | €130,224 | +€25,734 | +24.6% |
| Deferred charges and accrued income | 490/1 | €5,689 | €4,750 | -€939 | -16.5% |
| Total equity and liabilities | 10/49 | €670,809 | €691,183 | +€20,373 | +3.0% |
| Equity | 10/15 | €558,436 | €583,674 | +€25,238 | +4.5% |
| Contributions | 10/11 | €478,042 | €478,042 | = | 0.0% |
| Reserves | 13 | €72,127 | €98,198 | +€26,071 | +36.1% |
| Non-distributable reserves | 130/1 | €5,409 | €5,409 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,409 | €5,409 | = | 0.0% |
| Distributable reserves | 133 | €66,718 | €92,789 | +€26,071 | +39.1% |
| Profit (loss) carried forward | 14 | €8,267 | €7,434 | -€833 | -10.1% |
| Amounts payable | 17/49 | €112,374 | €107,509 | -€4,865 | -4.3% |
| Amounts payable after more than one year | 17 | €1,780 | €700 | -€1,080 | -60.7% |
| Other amounts payable | 178/9 | €1,780 | €700 | -€1,080 | -60.7% |
| Amounts payable within one year | 42/48 | €110,594 | €106,809 | -€3,785 | -3.4% |
| Trade debts | 44 | €4,214 | - | -€4,214 | |
| Suppliers | 440/4 | €4,214 | - | -€4,214 | |
| Taxes, remuneration and social security | 45 | €9,578 | €21,406 | +€11,829 | +123.5% |
| Taxes | 450/3 | €8,628 | €21,406 | +€12,779 | +148.1% |
| Remuneration and social security | 454/9 | €950 | - | -€950 | |
| Other amounts payable | 47/48 | €96,802 | €85,402 | -€11,400 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,821 | €22,790 | +€970 | +4.4% |
| Other operating charges | 640/8 | €4,752 | €4,901 | +€149 | +3.1% |
| Gross operating margin | 9900 | €53,190 | €66,740 | +€13,550 | +25.5% |
| Operating profit (loss) | 9901 | €26,617 | €39,048 | +€12,431 | +46.7% |
| Financial charges | 65/66B | €182 | €198 | +€17 | +9.1% |
| Recurring financial charges | 65 | €182 | €198 | +€17 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | €26,436 | €38,850 | +€12,415 | +47.0% |
| Income taxes | 67/77 | €8,628 | €12,779 | +€4,151 | +48.1% |
| Profit (loss) for the period | 9904 | €17,808 | €26,071 | +€8,263 | +46.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,808 | €26,071 | +€8,263 | +46.4% |
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 3 October 2026 via checked.be.