Immo Ster: 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 Ster
Largest movements
- Cash -€48,259
down €48,259 (-68.6%), from €70,302 to €22,043
mainly Investment in fixed assets (net) (-€101,823) and Current portion of long-term debt (-€60,739)
- Tangible fixed assets +€32,785
up €32,785 (+4.7%), from €699,447 to €732,232
of which Land and buildings: +€33,039
- Current portion of long-term debt -€60,739
no longer reported in 2025 (was €60,739)
- Reserves +€46,982
up €46,982 (+14.6%), from €321,948 to €368,930
of which Distributable reserves: +€46,982
- Tax, wage and social debts +€22,914
up €22,914 (+264.8%), from €8,655 to €31,569
of which Taxes: +€22,848
- Provisions -€10,000
down €10,000 (-76.9%), from €13,000 to €3,000
- Other debts -€9,536
down €9,536 (-13.2%), from €72,041 to €62,505
- Gross operating margin +€50,910
up €50,910 (+19.6%), from €260,012 to €310,922
- Taxes +€18,848
up €18,848 (+60.1%), from €31,366 to €50,214
- Depreciation -€6,711
down €6,711 (-8.9%), from €75,749 to €69,038
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 | €769,883 | €754,353 | -€15,529 | -2.0% |
| Fixed assets | 21/28 | €699,485 | €732,270 | +€32,785 | +4.7% |
| Tangible fixed assets | 22/27 | €699,447 | €732,232 | +€32,785 | +4.7% |
| Land and buildings | 22 | €697,826 | €730,865 | +€33,039 | +4.7% |
| Furniture and vehicles | 24 | €1,621 | €1,367 | -€254 | -15.7% |
| Financial fixed assets | 28 | €37 | €37 | = | 0.0% |
| Current assets | 29/58 | €70,398 | €22,084 | -€48,314 | -68.6% |
| Cash at bank and in hand | 54/58 | €70,302 | €22,043 | -€48,259 | -68.6% |
| Deferred charges and accrued income | 490/1 | €96 | €41 | -€55 | -57.3% |
| Total equity and liabilities | 10/49 | €769,883 | €754,353 | -€15,529 | -2.0% |
| Equity | 10/15 | €597,559 | €644,541 | +€46,982 | +7.9% |
| Contributions | 10/11 | €275,611 | €275,611 | = | 0.0% |
| Capital | 10 | €275,611 | €275,611 | = | 0.0% |
| Issued capital | 100 | €275,611 | €275,611 | = | 0.0% |
| Reserves | 13 | €321,948 | €368,930 | +€46,982 | +14.6% |
| Non-distributable reserves | 130/1 | €39,360 | €39,360 | = | 0.0% |
| Legal reserve | 130 | €32,500 | €32,500 | = | 0.0% |
| Other | 1319 | €6,860 | €6,860 | = | 0.0% |
| Distributable reserves | 133 | €282,588 | €329,570 | +€46,982 | +16.6% |
| Provisions and deferred taxes | 16 | €13,000 | €3,000 | -€10,000 | -76.9% |
| Provisions for liabilities and charges | 160/5 | €13,000 | €3,000 | -€10,000 | -76.9% |
| Major repairs and maintenance | 162 | €13,000 | €3,000 | -€10,000 | -76.9% |
| Amounts payable | 17/49 | €159,324 | €106,812 | -€52,512 | -33.0% |
| Amounts payable within one year | 42/48 | €148,214 | €101,724 | -€46,489 | -31.4% |
| Current portion of amounts payable after more than one year | 42 | €60,739 | - | -€60,739 | |
| Trade debts | 44 | €6,779 | €7,650 | +€872 | +12.9% |
| Suppliers | 440/4 | €6,779 | €7,650 | +€872 | +12.9% |
| Taxes, remuneration and social security | 45 | €8,655 | €31,569 | +€22,914 | +264.8% |
| Taxes | 450/3 | €2,366 | €25,214 | +€22,848 | +965.8% |
| Remuneration and social security | 454/9 | €6,289 | €6,355 | +€66 | +1.1% |
| Other amounts payable | 47/48 | €72,041 | €62,505 | -€9,536 | -13.2% |
| Accrued charges and deferred income | 492/3 | €11,110 | €5,088 | -€6,022 | -54.2% |
| Non-recurring operating income | 76A | - | €24,814 | +€24,814 | |
| Remuneration, social security and pensions | 62 | €47,391 | €49,996 | +€2,605 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,749 | €69,038 | -€6,711 | -8.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€10,000 | -€10,000 | = | 0.0% |
| Other operating charges | 640/8 | €39,532 | €41,054 | +€1,522 | +3.9% |
| Gross operating margin | 9900 | €260,012 | €310,922 | +€50,910 | +19.6% |
| Operating profit (loss) | 9901 | €107,339 | €160,833 | +€53,493 | +49.8% |
| Financial charges | 65/66B | €9,860 | €7,012 | -€2,848 | -28.9% |
| Recurring financial charges | 65 | €9,860 | €7,012 | -€2,848 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | €97,480 | €153,821 | +€56,341 | +57.8% |
| Income taxes | 67/77 | €31,366 | €50,214 | +€18,848 | +60.1% |
| Profit (loss) for the period | 9904 | €66,114 | €103,607 | +€37,493 | +56.7% |
| Profit (loss) for the period to be appropriated | 9905 | €66,114 | €103,607 | +€37,493 | +56.7% |
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 5 October 2026 via checked.be.