IMMO STIENAERS: 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 STIENAERS
Largest movements
- Cash -€50,932
down €50,932 (-92.1%), from €55,302 to €4,370
mainly Other debts (-€58,176) and Trade debts (-€653)
- Tangible fixed assets -€5,046
down €5,046 (-3.6%), from €140,423 to €135,376
- Other debts -€58,176
down €58,176 (-84.0%), from €69,261 to €11,085
- Gross operating margin +€2,108
up €2,108 (+17.0%), from €12,377 to €14,485
- Financial income -€1,357
down €1,357 (-52.1%), from €2,604 to €1,247
- Depreciation +€613
up €613 (+13.8%), from €4,434 to €5,046
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 | €296,181 | €239,827 | -€56,354 | -19.0% |
| Fixed assets | 21/28 | €140,423 | €135,376 | -€5,046 | -3.6% |
| Tangible fixed assets | 22/27 | €140,423 | €135,376 | -€5,046 | -3.6% |
| Land and buildings | 22 | €140,423 | €135,376 | -€5,046 | -3.6% |
| Current assets | 29/58 | €155,759 | €104,451 | -€51,308 | -32.9% |
| Amounts receivable within one year | 40/41 | €457 | €81 | -€376 | -82.3% |
| Other amounts receivable | 41 | €457 | €81 | -€376 | -82.3% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €55,302 | €4,370 | -€50,932 | -92.1% |
| Total equity and liabilities | 10/49 | €296,181 | €239,827 | -€56,354 | -19.0% |
| Equity | 10/15 | €225,435 | €227,909 | +€2,475 | +1.1% |
| Contributions | 10/11 | €205,000 | €205,000 | = | 0.0% |
| Capital | 10 | €205,000 | €205,000 | = | 0.0% |
| Issued capital | 100 | €205,000 | €205,000 | = | 0.0% |
| Reserves | 13 | €20,435 | €22,909 | +€2,475 | +12.1% |
| Non-distributable reserves | 130/1 | €3,436 | €3,560 | +€124 | +3.6% |
| Legal reserve | 130 | €3,436 | €3,560 | +€124 | +3.6% |
| Distributable reserves | 133 | €16,999 | €19,350 | +€2,351 | +13.8% |
| Amounts payable | 17/49 | €70,746 | €11,917 | -€58,829 | -83.2% |
| Amounts payable within one year | 42/48 | €70,746 | €11,917 | -€58,829 | -83.2% |
| Trade debts | 44 | €1,485 | €832 | -€653 | -44.0% |
| Suppliers | 440/4 | €1,485 | €832 | -€653 | -44.0% |
| Other amounts payable | 47/48 | €69,261 | €11,085 | -€58,176 | -84.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,434 | €5,046 | +€613 | +13.8% |
| Other operating charges | 640/8 | €7,725 | €7,810 | +€84 | +1.1% |
| Gross operating margin | 9900 | €12,377 | €14,485 | +€2,108 | +17.0% |
| Operating profit (loss) | 9901 | €217 | €1,628 | +€1,411 | +649% |
| Financial income | 75/76B | €2,604 | €1,247 | -€1,357 | -52.1% |
| Recurring financial income | 75 | €2,604 | €1,247 | -€1,357 | -52.1% |
| Financial charges | 65/66B | €289 | €401 | +€112 | +38.9% |
| Recurring financial charges | 65 | €289 | €401 | +€112 | +38.9% |
| Profit (loss) for the period before taxes | 9903 | €2,533 | €2,475 | -€58 | -2.3% |
| Profit (loss) for the period | 9904 | €2,533 | €2,475 | -€58 | -2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,533 | €2,475 | -€58 | -2.3% |
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 22 October 2026 via checked.be.