IMMO STROET: 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.
What changed
IMMO STROET
NACE 68.204, Real estate activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€9,999
2024 · €41,869-€31,870
Equity
€1.5m
2024 · €1.5m+€9,999
Cash
€1,482
2024 · €1,538-€56
Balance sheet total
€2.5m
2024 · €2.2m+€277,883
Largest movements
Assets
- Tangible fixed assets +€305,088
up €305,088 (+15.5%), from €2.0m to €2.3m
- Receivables within one year -€27,328
down €27,328 (-10.0%), from €273,768 to €246,441
Equity and liabilities
- Debts after one year +€242,555
up €242,555 (+36.3%), from €667,928 to €910,483
Income statement
- Depreciation +€47,707
up €47,707 (+48.2%), from €99,036 to €146,743
- Taxes -€12,080
down €12,080 (-71.1%), from €17,001 to €4,921
- Gross operating margin +€5,021
up €5,021 (+2.5%), from €198,689 to €203,710
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.
Result 2024
€41,869
Gross operating margin
+€5,021
Depreciation
-€47,707
Other operating charges
-€951
Financial income
+€589
Financial charges
-€902
Taxes
+€12,080
Result 2025
€9,999
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.
From operations
+€188,816
Investment
-€451,831
Financing
+€262,959
Cash 2024
€1,538
From operations (derived)
+€188,816
Net result for the year
+€9,999
Depreciation
+€146,743
Receivables within one year
+€27,328
Smaller working-capital items
+€439
Trade debts
+€1,248
Tax, wage and social debts
+€3,058
Investment (derived)
-€451,831
Investment in fixed assets (net)
-€451,831
Financing
+€262,959
Debts after one year
+€242,555
Current portion of long-term debt
+€20,404
Cash 2025
€1,482
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,238,896 | €2,516,779 | +€277,883 | +12.4% |
| Fixed assets | 21/28 | €1,962,954 | €2,268,041 | +€305,088 | +15.5% |
| Tangible fixed assets | 22/27 | €1,962,954 | €2,268,041 | +€305,088 | +15.5% |
| Land and buildings | 22 | €1,962,954 | €2,268,041 | +€305,088 | +15.5% |
| Current assets | 29/58 | €275,943 | €248,738 | -€27,205 | -9.9% |
| Amounts receivable within one year | 40/41 | €273,768 | €246,441 | -€27,328 | -10.0% |
| Other amounts receivable | 41 | €273,768 | €246,441 | -€27,328 | -10.0% |
| Cash at bank and in hand | 54/58 | €1,538 | €1,482 | -€56 | -3.7% |
| Deferred charges and accrued income | 490/1 | €636 | €816 | +€179 | +28.1% |
| Total equity and liabilities | 10/49 | €2,238,896 | €2,516,779 | +€277,883 | +12.4% |
| Equity | 10/15 | €1,465,363 | €1,475,362 | +€9,999 | +0.7% |
| Contributions | 10/11 | €1,022,000 | €1,022,000 | = | 0.0% |
| Capital | 10 | €1,022,000 | €1,022,000 | = | 0.0% |
| Issued capital | 100 | €1,022,000 | €1,022,000 | = | 0.0% |
| Revaluation surpluses | 12 | €217,492 | €213,972 | -€3,520 | -1.6% |
| Reserves | 13 | €225,871 | €239,390 | +€13,519 | +6.0% |
| Non-distributable reserves | 130/1 | €42,064 | €42,564 | +€500 | +1.2% |
| Legal reserve | 130 | €42,064 | €42,564 | +€500 | +1.2% |
| Distributable reserves | 133 | €183,807 | €196,826 | +€13,019 | +7.1% |
| Amounts payable | 17/49 | €773,533 | €1,041,417 | +€267,884 | +34.6% |
| Amounts payable after more than one year | 17 | €667,928 | €910,483 | +€242,555 | +36.3% |
| Financial debts | 170/4 | €667,928 | €910,483 | +€242,555 | +36.3% |
| Amounts payable within one year | 42/48 | €102,720 | €127,430 | +€24,710 | +24.1% |
| Current portion of amounts payable after more than one year | 42 | €79,656 | €100,060 | +€20,404 | +25.6% |
| Trade debts | 44 | €4,200 | €5,448 | +€1,248 | +29.7% |
| Suppliers | 440/4 | €4,200 | €5,448 | +€1,248 | +29.7% |
| Taxes, remuneration and social security | 45 | €18,864 | €21,923 | +€3,058 | +16.2% |
| Taxes | 450/3 | €18,864 | €21,923 | +€3,058 | +16.2% |
| Accrued charges and deferred income | 492/3 | €2,885 | €3,504 | +€619 | +21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,036 | €146,743 | +€47,707 | +48.2% |
| Other operating charges | 640/8 | €12,022 | €12,973 | +€951 | +7.9% |
| Gross operating margin | 9900 | €198,689 | €203,710 | +€5,021 | +2.5% |
| Operating profit (loss) | 9901 | €87,631 | €43,994 | -€43,637 | -49.8% |
| Financial income | 75/76B | €7,462 | €8,050 | +€589 | +7.9% |
| Recurring financial income | 75 | €7,462 | €8,050 | +€589 | +7.9% |
| Financial charges | 65/66B | €36,222 | €37,124 | +€902 | +2.5% |
| Recurring financial charges | 65 | €36,222 | €37,124 | +€902 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €58,871 | €14,920 | -€43,951 | -74.7% |
| Income taxes | 67/77 | €17,001 | €4,921 | -€12,080 | -71.1% |
| Profit (loss) for the period | 9904 | €41,869 | €9,999 | -€31,870 | -76.1% |
| Profit (loss) for the period to be appropriated | 9905 | €41,869 | €9,999 | -€31,870 | -76.1% |
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 6 October 2026 via checked.be.