Immo-Sterem: 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-Sterem
Largest movements
- Tangible fixed assets -€14,052
down €14,052 (-7.0%), from €199,493 to €185,442
- Other debts +€13,850
up €13,850 (+36.0%), from €38,523 to €52,373
- Profit (loss) carried forward -€13,179
down €13,179 (-12.1%), from -€108,735 to -€121,914
- Debts after one year -€10,899
down €10,899 (-7.7%), from €140,751 to €129,852
- Reserves -€2,641
down €2,641 (-6.1%), from €43,010 to €40,369
- Gross operating margin -€1,087
down €1,087 (-25.1%), from €4,327 to €3,239
- Financial charges +€258
up €258 (+366%), from €71 to €329
- Other operating charges +€226
up €226 (+5.1%), from €4,452 to €4,679
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 | €202,937 | €190,397 | -€12,540 | -6.2% |
| Fixed assets | 21/28 | €199,591 | €185,540 | -€14,052 | -7.0% |
| Tangible fixed assets | 22/27 | €199,493 | €185,442 | -€14,052 | -7.0% |
| Land and buildings | 22 | €199,493 | €185,442 | -€14,052 | -7.0% |
| Financial fixed assets | 28 | €98 | €98 | = | 0.0% |
| Current assets | 29/58 | €3,345 | €4,857 | +€1,512 | +45.2% |
| Cash at bank and in hand | 54/58 | €3,310 | €4,857 | +€1,547 | +46.7% |
| Deferred charges and accrued income | 490/1 | €36 | - | -€36 | |
| Total equity and liabilities | 10/49 | €202,937 | €190,397 | -€12,540 | -6.2% |
| Equity | 10/15 | €22,234 | €6,414 | -€15,820 | -71.2% |
| Contributions | 10/11 | €87,959 | €87,959 | = | 0.0% |
| Reserves | 13 | €43,010 | €40,369 | -€2,641 | -6.1% |
| Tax-exempt reserves | 132 | €43,010 | €40,369 | -€2,641 | -6.1% |
| Profit (loss) carried forward | 14 | -€108,735 | -€121,914 | -€13,179 | -12.1% |
| Amounts payable | 17/49 | €180,703 | €183,983 | +€3,280 | +1.8% |
| Amounts payable after more than one year | 17 | €140,751 | €129,852 | -€10,899 | -7.7% |
| Other amounts payable | 178/9 | €140,751 | €129,852 | -€10,899 | -7.7% |
| Amounts payable within one year | 42/48 | €39,952 | €54,130 | +€14,178 | +35.5% |
| Trade debts | 44 | €1,428 | €1,757 | +€328 | +23.0% |
| Suppliers | 440/4 | €1,428 | €1,757 | +€328 | +23.0% |
| Other amounts payable | 47/48 | €38,523 | €52,373 | +€13,850 | +36.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,094 | €14,052 | -€43 | -0.3% |
| Other operating charges | 640/8 | €4,452 | €4,679 | +€226 | +5.1% |
| Gross operating margin | 9900 | €4,327 | €3,239 | -€1,087 | -25.1% |
| Operating profit (loss) | 9901 | -€14,220 | -€15,491 | -€1,271 | -8.9% |
| Financial charges | 65/66B | €71 | €329 | +€258 | +366% |
| Recurring financial charges | 65 | €71 | €329 | +€258 | +366% |
| Profit (loss) for the period before taxes | 9903 | -€14,291 | -€15,820 | -€1,529 | -10.7% |
| Profit (loss) for the period | 9904 | -€14,291 | -€15,820 | -€1,529 | -10.7% |
| Transfer from tax-exempt reserves | 789 | €2,641 | €2,641 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,650 | -€13,179 | -€1,529 | -13.1% |
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 18 October 2026 via checked.be.