IMMO STIRONI: 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 STIRONI
Largest movements
- Tangible fixed assets -€212,865
down €212,865 (-32.1%), from €663,362 to €450,498
of which Land and buildings: -€212,865
- Cash -€185,294
down €185,294 (-93.3%), from €198,594 to €13,300
- Current investments -€37,002
down €37,002 (-15.2%), from €243,775 to €206,773
- Deferred charges and accrued income -€21,557
down €21,557 (-99.2%), from €21,734 to €177
- Other debts -€607,597
down €607,597 (-100%), from €607,597 to €0
- Reserves +€243,794
up €243,794 (+2,254%), from €10,816 to €254,610
of which Distributable reserves: +€234,716
- Profit (loss) carried forward -€66,614
no longer reported in 2025 (was €66,614)
- Debts after one year -€18,617
down €18,617 (-100%), from €18,617 to €0
- Gross operating margin -€55,327
down €55,327 (-86.3%), from €64,090 to €8,764
- Depreciation -€26,552
down €26,552 (-68.4%), from €38,841 to €12,289
- Financial income +€5,107
up €5,107 (+172%), from €2,961 to €8,068
- Taxes -€3,434
down €3,434 (-100%), from €3,434 to €0
- Financial charges +€2,237
up €2,237 (+184%), from €1,218 to €3,455
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,134,812 | €678,172 | -€456,640 | -40.2% |
| Fixed assets | 21/28 | €663,362 | €450,498 | -€212,865 | -32.1% |
| Tangible fixed assets | 22/27 | €663,362 | €450,498 | -€212,865 | -32.1% |
| Land and buildings | 22 | €591,612 | €378,747 | -€212,865 | -36.0% |
| Furniture and vehicles | 24 | €71,751 | €71,751 | = | 0.0% |
| Current assets | 29/58 | €471,450 | €227,675 | -€243,775 | -51.7% |
| Amounts receivable within one year | 40/41 | €7,347 | €7,425 | +€78 | +1.1% |
| Other amounts receivable | 41 | €7,347 | €7,425 | +€78 | +1.1% |
| Current investments | 50/53 | €243,775 | €206,773 | -€37,002 | -15.2% |
| Cash at bank and in hand | 54/58 | €198,594 | €13,300 | -€185,294 | -93.3% |
| Deferred charges and accrued income | 490/1 | €21,734 | €177 | -€21,557 | -99.2% |
| Total equity and liabilities | 10/49 | €1,134,812 | €678,172 | -€456,640 | -40.2% |
| Equity | 10/15 | €492,430 | €669,610 | +€177,180 | +36.0% |
| Contributions | 10/11 | €415,000 | €415,000 | = | 0.0% |
| Capital | 10 | €415,000 | €415,000 | = | 0.0% |
| Issued capital | 100 | €415,000 | €415,000 | = | 0.0% |
| Reserves | 13 | €10,816 | €254,610 | +€243,794 | +2,254% |
| Non-distributable reserves | 130/1 | €10,816 | €19,894 | +€9,079 | +83.9% |
| Legal reserve | 130 | €10,816 | €19,894 | +€9,079 | +83.9% |
| Distributable reserves | 133 | - | €234,716 | +€234,716 | |
| Profit (loss) carried forward | 14 | €66,614 | - | -€66,614 | |
| Amounts payable | 17/49 | €642,382 | €8,562 | -€633,819 | -98.7% |
| Amounts payable after more than one year | 17 | €18,617 | €0 | -€18,617 | -100% |
| Financial debts | 170/4 | €18,617 | €0 | -€18,617 | -100% |
| Amounts payable within one year | 42/48 | €623,764 | €8,562 | -€615,202 | -98.6% |
| Current portion of amounts payable after more than one year | 42 | €14,787 | €8,523 | -€6,264 | -42.4% |
| Trade debts | 44 | €1,381 | €39 | -€1,341 | -97.1% |
| Suppliers | 440/4 | €1,381 | €39 | -€1,341 | -97.1% |
| Other amounts payable | 47/48 | €607,597 | €0 | -€607,597 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,841 | €12,289 | -€26,552 | -68.4% |
| Other operating charges | 640/8 | €4,833 | €5,481 | +€648 | +13.4% |
| Gross operating margin | 9900 | €64,090 | €8,764 | -€55,327 | -86.3% |
| Operating profit (loss) | 9901 | €20,416 | -€9,006 | -€29,422 | |
| Financial income | 75/76B | €2,961 | €8,068 | +€5,107 | +172% |
| Recurring financial income | 75 | €2,961 | €8,068 | +€5,107 | +172% |
| Financial charges | 65/66B | €1,218 | €3,455 | +€2,237 | +184% |
| Recurring financial charges | 65 | €1,218 | €3,455 | +€2,237 | +184% |
| Profit (loss) for the period before taxes | 9903 | €22,160 | -€4,393 | -€26,553 | |
| Income taxes | 67/77 | €3,434 | €0 | -€3,434 | -100% |
| Profit (loss) for the period | 9904 | €18,726 | -€4,393 | -€23,119 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,726 | -€4,393 | -€23,119 |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.