IMMO STIBBE: 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 STIBBE
Largest movements
- Tangible fixed assets -€29,644
down €29,644 (-4.7%), from €627,795 to €598,151
- Debts after one year -€47,643
down €47,643 (-11.9%), from €400,294 to €352,651
of which Financial debts: -€47,643
- Reserves +€20,340
up €20,340 (+76.6%), from €26,551 to €46,891
of which Distributable reserves: +€20,340
- Gross operating margin +€1,316
up €1,316 (+1.8%), from €73,161 to €74,477
- Financial charges -€874
down €874 (-8.3%), from €10,586 to €9,712
- Taxes +€788
up €788 (+9.1%), from €8,704 to €9,492
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 | €646,204 | €616,825 | -€29,379 | -4.5% |
| Fixed assets | 21/28 | €627,795 | €598,151 | -€29,644 | -4.7% |
| Tangible fixed assets | 22/27 | €627,795 | €598,151 | -€29,644 | -4.7% |
| Land and buildings | 22 | €627,795 | €598,151 | -€29,644 | -4.7% |
| Current assets | 29/58 | €18,409 | €18,674 | +€265 | +1.4% |
| Cash at bank and in hand | 54/58 | €16,332 | €11,906 | -€4,426 | -27.1% |
| Deferred charges and accrued income | 490/1 | €2,077 | €6,768 | +€4,691 | +225.9% |
| Total equity and liabilities | 10/49 | €646,204 | €616,825 | -€29,379 | -4.5% |
| Equity | 10/15 | €102,607 | €122,947 | +€20,340 | +19.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €26,551 | €46,891 | +€20,340 | +76.6% |
| Tax-exempt reserves | 132 | €7,900 | €7,900 | = | 0.0% |
| Distributable reserves | 133 | €18,651 | €38,991 | +€20,340 | +109.1% |
| Profit (loss) carried forward | 14 | €69,856 | €69,856 | = | 0.0% |
| Amounts payable | 17/49 | €543,597 | €493,878 | -€49,719 | -9.1% |
| Amounts payable after more than one year | 17 | €400,294 | €352,651 | -€47,643 | -11.9% |
| Financial debts | 170/4 | €399,794 | €352,151 | -€47,643 | -11.9% |
| Other amounts payable | 178/9 | €500 | €500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €143,303 | €141,227 | -€2,076 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €46,605 | €47,642 | +€1,037 | +2.2% |
| Trade debts | 44 | €12 | €175 | +€163 | +1358.3% |
| Suppliers | 440/4 | €12 | €175 | +€163 | +1358.3% |
| Taxes, remuneration and social security | 45 | €1,204 | €492 | -€712 | -59.1% |
| Taxes | 450/3 | €1,204 | €492 | -€712 | -59.1% |
| Other amounts payable | 47/48 | €95,482 | €92,918 | -€2,564 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,093 | €29,644 | -€449 | -1.5% |
| Other operating charges | 640/8 | €5,127 | €5,289 | +€162 | +3.2% |
| Gross operating margin | 9900 | €73,161 | €74,477 | +€1,316 | +1.8% |
| Operating profit (loss) | 9901 | €37,941 | €39,544 | +€1,603 | +4.2% |
| Financial charges | 65/66B | €10,586 | €9,712 | -€874 | -8.3% |
| Recurring financial charges | 65 | €10,586 | €9,712 | -€874 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €27,355 | €29,832 | +€2,477 | +9.1% |
| Income taxes | 67/77 | €8,704 | €9,492 | +€788 | +9.1% |
| Profit (loss) for the period | 9904 | €18,651 | €20,340 | +€1,689 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,651 | €20,340 | +€1,689 | +9.1% |
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 7 October 2026 via checked.be.