IMMO STEBA: 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 STEBA
Largest movements
- Current investments -€594,741
down €594,741 (-37.7%), from €1.6m to €981,888
- Receivables within one year +€438,694
up €438,694 (+47445.9%), from €925 to €439,619
- Cash +€312,505
up €312,505 (+186.8%), from €167,315 to €479,819
mainly Current investments (+€594,741) and Short-term financial debts (+€450,000)
- Tangible fixed assets -€207,011
down €207,011 (-4.0%), from €5.2m to €5.0m
of which Land and buildings: -€193,723
- Debts after one year -€600,000
down €600,000 (-23.1%), from €2.6m to €2.0m
of which Financial debts: -€600,000
- Short-term financial debts +€450,000
new in 2025: €450,000
- Profit (loss) carried forward +€154,670
up €154,670 (+16.7%), from €923,745 to €1.1m
- Gross operating margin +€219,054
up €219,054 (+90.8%), from €241,325 to €460,379
- Financial charges +€10,591
up €10,591 (+15.6%), from €68,041 to €78,632
- Taxes -€7,807
down €7,807 (-18.4%), from €42,381 to €34,574
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 | €6,978,052 | €6,951,547 | -€26,506 | -0.4% |
| Fixed assets | 21/28 | €5,169,803 | €4,962,792 | -€207,011 | -4.0% |
| Tangible fixed assets | 22/27 | €5,169,803 | €4,962,792 | -€207,011 | -4.0% |
| Land and buildings | 22 | €5,001,551 | €4,807,827 | -€193,723 | -3.9% |
| Plant, machinery and equipment | 23 | €126,331 | €114,286 | -€12,045 | -9.5% |
| Furniture and vehicles | 24 | €41,922 | €40,679 | -€1,243 | -3.0% |
| Current assets | 29/58 | €1,808,249 | €1,988,755 | +€180,506 | +10.0% |
| Amounts receivable within one year | 40/41 | €925 | €439,619 | +€438,694 | +47445.9% |
| Other amounts receivable | 41 | €925 | €439,619 | +€438,694 | +47445.9% |
| Current investments | 50/53 | €1,576,630 | €981,888 | -€594,741 | -37.7% |
| Cash at bank and in hand | 54/58 | €167,315 | €479,819 | +€312,505 | +186.8% |
| Deferred charges and accrued income | 490/1 | €63,380 | €87,429 | +€24,048 | +37.9% |
| Total equity and liabilities | 10/49 | €6,978,052 | €6,951,547 | -€26,506 | -0.4% |
| Equity | 10/15 | €3,987,300 | €4,113,935 | +€126,635 | +3.2% |
| Contributions | 10/11 | €2,500,000 | €2,500,000 | = | 0.0% |
| Reserves | 13 | €563,555 | €535,520 | -€28,035 | -5.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,000 | €20,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €543,555 | €515,520 | -€28,035 | -5.2% |
| Profit (loss) carried forward | 14 | €923,745 | €1,078,416 | +€154,670 | +16.7% |
| Provisions and deferred taxes | 16 | €181,135 | €171,790 | -€9,345 | -5.2% |
| Deferred taxes | 168 | €181,135 | €171,790 | -€9,345 | -5.2% |
| Amounts payable | 17/49 | €2,809,617 | €2,665,821 | -€143,796 | -5.1% |
| Amounts payable after more than one year | 17 | €2,600,000 | €2,000,000 | -€600,000 | -23.1% |
| Financial debts | 170/4 | €600,000 | - | -€600,000 | |
| Other amounts payable | 178/9 | €2,000,000 | €2,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €193,956 | €648,742 | +€454,785 | +234.5% |
| Financial debts | 43 | - | €450,000 | +€450,000 | |
| Other loans | 439 | - | €450,000 | +€450,000 | |
| Trade debts | 44 | €13,037 | €10,058 | -€2,979 | -22.9% |
| Suppliers | 440/4 | €13,037 | €10,058 | -€2,979 | -22.9% |
| Taxes, remuneration and social security | 45 | €17,544 | €38,946 | +€21,402 | +122.0% |
| Taxes | 450/3 | €17,544 | €38,946 | +€21,402 | +122.0% |
| Other amounts payable | 47/48 | €163,376 | €149,738 | -€13,638 | -8.3% |
| Accrued charges and deferred income | 492/3 | €15,661 | €17,079 | +€1,419 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €221,257 | €221,505 | +€248 | +0.1% |
| Other operating charges | 640/8 | €43,950 | €45,807 | +€1,858 | +4.2% |
| Non-recurring operating charges | 66A | €53 | €80 | +€27 | +51.3% |
| Gross operating margin | 9900 | €241,325 | €460,379 | +€219,054 | +90.8% |
| Operating profit (loss) | 9901 | -€23,935 | €192,986 | +€216,920 | |
| Financial income | 75/76B | €36,423 | €37,511 | +€1,088 | +3.0% |
| Recurring financial income | 75 | €36,423 | €37,511 | +€1,088 | +3.0% |
| Financial charges | 65/66B | €68,041 | €78,632 | +€10,591 | +15.6% |
| Recurring financial charges | 65 | €68,041 | €78,632 | +€10,591 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | -€55,553 | €151,864 | +€207,417 | |
| Transfer from deferred taxes | 780 | €9,214 | €9,345 | +€131 | +1.4% |
| Income taxes | 67/77 | €42,381 | €34,574 | -€7,807 | -18.4% |
| Profit (loss) for the period | 9904 | -€88,720 | €126,635 | +€215,355 | |
| Transfer from tax-exempt reserves | 789 | €27,643 | €28,035 | +€392 | +1.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€61,077 | €154,670 | +€215,748 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.