IMMO STONE: 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 STONE
Largest movements
- Cash +€263,023
up €263,023 (+55.4%), from €475,158 to €738,181
mainly Net result for the year (+€278,150) and Accrued charges and deferred income (+€195,890)
- Receivables within one year +€197,982
up €197,982 (+179%), from €110,899 to €308,881
of which Other amounts receivable: +€172,048
- Tangible fixed assets -€149,215
down €149,215 (-6.9%), from €2.2m to €2.0m
of which Land and buildings: -€134,081
- Profit (loss) carried forward +€278,150
up €278,150 (+21.2%), from €1.3m to €1.6m
- Accrued charges and deferred income +€195,890
new in 2025: €195,890
- Other debts -€171,578
down €171,578 (-36.4%), from €470,917 to €299,339
- Taxes -€58,021
down €58,021 (-46.5%), from €124,802 to €66,781
- Write-downs +€28,237
new in 2025: €28,237
- Gross operating margin +€27,479
up €27,479 (+4.0%), from €682,997 to €710,476
- Staff costs +€7,974
up €7,974 (+5.6%), from €141,798 to €149,771
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 | €2,755,663 | €3,065,017 | +€309,353 | +11.2% |
| Fixed assets | 21/28 | €2,163,090 | €2,013,875 | -€149,215 | -6.9% |
| Tangible fixed assets | 22/27 | €2,162,919 | €2,013,705 | -€149,215 | -6.9% |
| Land and buildings | 22 | €2,123,438 | €1,989,357 | -€134,081 | -6.3% |
| Furniture and vehicles | 24 | €39,481 | €24,347 | -€15,133 | -38.3% |
| Financial fixed assets | 28 | €171 | €171 | = | 0.0% |
| Current assets | 29/58 | €592,573 | €1,051,141 | +€458,568 | +77.4% |
| Amounts receivable within one year | 40/41 | €110,899 | €308,881 | +€197,982 | +179% |
| Trade receivables | 40 | €58,826 | €84,760 | +€25,934 | +44.1% |
| Other amounts receivable | 41 | €52,073 | €224,121 | +€172,048 | +330% |
| Cash at bank and in hand | 54/58 | €475,158 | €738,181 | +€263,023 | +55.4% |
| Deferred charges and accrued income | 490/1 | €6,517 | €4,080 | -€2,437 | -37.4% |
| Total equity and liabilities | 10/49 | €2,755,663 | €3,065,017 | +€309,353 | +11.2% |
| Equity | 10/15 | €2,186,130 | €2,464,280 | +€278,150 | +12.7% |
| Contributions | 10/11 | €793,259 | €793,259 | = | 0.0% |
| Capital | 10 | €793,259 | €793,259 | = | 0.0% |
| Issued capital | 100 | €793,259 | €793,259 | = | 0.0% |
| Reserves | 13 | €79,326 | €79,326 | = | 0.0% |
| Non-distributable reserves | 130/1 | €79,326 | €79,326 | = | 0.0% |
| Legal reserve | 130 | €79,326 | €79,326 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,313,545 | €1,591,695 | +€278,150 | +21.2% |
| Amounts payable | 17/49 | €569,534 | €600,737 | +€31,203 | +5.5% |
| Amounts payable within one year | 42/48 | €569,534 | €404,847 | -€164,687 | -28.9% |
| Trade debts | 44 | €66,624 | €79,359 | +€12,735 | +19.1% |
| Suppliers | 440/4 | €66,624 | €79,359 | +€12,735 | +19.1% |
| Taxes, remuneration and social security | 45 | €31,993 | €26,149 | -€5,844 | -18.3% |
| Taxes | 450/3 | €10,674 | €14,158 | +€3,484 | +32.6% |
| Remuneration and social security | 454/9 | €21,319 | €11,991 | -€9,328 | -43.8% |
| Other amounts payable | 47/48 | €470,917 | €299,339 | -€171,578 | -36.4% |
| Accrued charges and deferred income | 492/3 | - | €195,890 | +€195,890 | |
| Remuneration, social security and pensions | 62 | €141,798 | €149,771 | +€7,974 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €150,662 | €149,215 | -€1,448 | -1.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €28,237 | +€28,237 | |
| Other operating charges | 640/8 | €37,123 | €38,016 | +€893 | +2.4% |
| Gross operating margin | 9900 | €682,997 | €710,476 | +€27,479 | +4.0% |
| Operating profit (loss) | 9901 | €353,414 | €345,237 | -€8,177 | -2.3% |
| Financial income | 75/76B | €6,197 | €629 | -€5,568 | -89.8% |
| Recurring financial income | 75 | €6,197 | €629 | -€5,568 | -89.8% |
| Financial charges | 65/66B | €250 | €935 | +€685 | +274% |
| Recurring financial charges | 65 | €250 | €935 | +€685 | +274% |
| Profit (loss) for the period before taxes | 9903 | €359,362 | €344,931 | -€14,431 | -4.0% |
| Income taxes | 67/77 | €124,802 | €66,781 | -€58,021 | -46.5% |
| Profit (loss) for the period | 9904 | €234,560 | €278,150 | +€43,590 | +18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €234,560 | €278,150 | +€43,590 | +18.6% |
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 25 October 2026 via checked.be.