IMMO STPP: 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 STPP
Largest movements
- Tangible fixed assets -€23,338
down €23,338 (-9.6%), from €242,004 to €218,665
- Deferred charges and accrued income +€16,775
up €16,775 (+93.5%), from €17,937 to €34,712
- Cash -€7,793
down €7,793 (-70.6%), from €11,043 to €3,250
mainly Contributions, distributions and other (-€100,000) and Deferred charges and accrued income (-€16,775)
- Other debts +€95,571
up €95,571 (+263%), from €36,290 to €131,862
- Reserves -€94,293
down €94,293 (-17.2%), from €548,185 to €453,892
of which Distributable reserves: -€91,293
- Debts after one year -€10,764
down €10,764 (-10.0%), from €107,590 to €96,825
- Other operating charges +€4,184
up €4,184 (+48.4%), from €8,640 to €12,825
- Financial charges +€3,934
up €3,934 (+105%), from €3,732 to €7,666
- Taxes -€3,656
down €3,656 (-57.9%), from €6,319 to €2,663
- Depreciation +€1,096
up €1,096 (+4.9%), from €22,242 to €23,338
- Gross operating margin -€675
down €675 (-1.3%), from €52,875 to €52,200
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 | €754,155 | €741,966 | -€12,189 | -1.6% |
| Fixed assets | 21/28 | €725,006 | €701,668 | -€23,338 | -3.2% |
| Tangible fixed assets | 22/27 | €242,004 | €218,665 | -€23,338 | -9.6% |
| Land and buildings | 22 | €242,004 | €218,665 | -€23,338 | -9.6% |
| Financial fixed assets | 28 | €483,002 | €483,002 | = | 0.0% |
| Current assets | 29/58 | €29,149 | €40,299 | +€11,150 | +38.3% |
| Amounts receivable within one year | 40/41 | €169 | €2,337 | +€2,168 | +1,282% |
| Trade receivables | 40 | €169 | €0 | -€169 | -100% |
| Other amounts receivable | 41 | - | €2,337 | +€2,337 | |
| Cash at bank and in hand | 54/58 | €11,043 | €3,250 | -€7,793 | -70.6% |
| Deferred charges and accrued income | 490/1 | €17,937 | €34,712 | +€16,775 | +93.5% |
| Total equity and liabilities | 10/49 | €754,155 | €741,966 | -€12,189 | -1.6% |
| Equity | 10/15 | €578,185 | €483,892 | -€94,293 | -16.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €548,185 | €453,892 | -€94,293 | -17.2% |
| Non-distributable reserves | 130/1 | €3,000 | €0 | -€3,000 | -100% |
| Reserves not available under the articles | 1311 | €3,000 | €0 | -€3,000 | -100% |
| Tax-exempt reserves | 132 | €12,990 | €12,990 | = | 0.0% |
| Distributable reserves | 133 | €532,195 | €440,902 | -€91,293 | -17.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Investment grants | 15 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €175,970 | €258,074 | +€82,104 | +46.7% |
| Amounts payable after more than one year | 17 | €107,590 | €96,825 | -€10,764 | -10.0% |
| Financial debts | 170/4 | €107,590 | €96,825 | -€10,764 | -10.0% |
| Amounts payable within one year | 42/48 | €57,593 | €145,876 | +€88,283 | +153% |
| Current portion of amounts payable after more than one year | 42 | €13,892 | €10,764 | -€3,128 | -22.5% |
| Trade debts | 44 | €1,091 | €3,250 | +€2,158 | +198% |
| Suppliers | 440/4 | €1,091 | €3,250 | +€2,158 | +198% |
| Taxes, remuneration and social security | 45 | €6,319 | €0 | -€6,319 | -100% |
| Taxes | 450/3 | €6,319 | €0 | -€6,319 | -100% |
| Other amounts payable | 47/48 | €36,290 | €131,862 | +€95,571 | +263% |
| Accrued charges and deferred income | 492/3 | €10,787 | €15,373 | +€4,586 | +42.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,242 | €23,338 | +€1,096 | +4.9% |
| Other operating charges | 640/8 | €8,640 | €12,825 | +€4,184 | +48.4% |
| Gross operating margin | 9900 | €52,875 | €52,200 | -€675 | -1.3% |
| Operating profit (loss) | 9901 | €21,992 | €16,036 | -€5,956 | -27.1% |
| Financial income | 75/76B | €414 | €0 | -€414 | -100% |
| Recurring financial income | 75 | €414 | €0 | -€414 | -100% |
| Financial charges | 65/66B | €3,732 | €7,666 | +€3,934 | +105% |
| Recurring financial charges | 65 | €3,732 | €7,666 | +€3,934 | +105% |
| Profit (loss) for the period before taxes | 9903 | €18,674 | €8,370 | -€10,304 | -55.2% |
| Transfer from deferred taxes | 780 | €272 | €0 | -€272 | -100% |
| Income taxes | 67/77 | €6,319 | €2,663 | -€3,656 | -57.9% |
| Profit (loss) for the period | 9904 | €12,627 | €5,707 | -€6,920 | -54.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,627 | €5,707 | -€6,920 | -54.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.