Immo Stuyck: 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 Stuyck
Largest movements
- Tangible fixed assets -€23,716
down €23,716 (-2.7%), from €887,651 to €863,935
- Debts after one year -€13,958
down €13,958 (-3.9%), from €361,053 to €347,095
- Depreciation -€77,481
down €77,481 (-76.6%), from €101,198 to €23,716
- Gross operating margin +€21,285
up €21,285 (+157%), from €13,574 to €34,859
- Financial charges +€4,499
up €4,499 (+45.3%), from €9,930 to €14,429
- Other operating charges +€2,475
up €2,475 (+131%), from €1,887 to €4,362
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 | €970,523 | €949,040 | -€21,482 | -2.2% |
| Fixed assets | 21/28 | €887,651 | €863,935 | -€23,716 | -2.7% |
| Tangible fixed assets | 22/27 | €887,651 | €863,935 | -€23,716 | -2.7% |
| Land and buildings | 22 | €887,651 | €863,935 | -€23,716 | -2.7% |
| Current assets | 29/58 | €82,872 | €85,105 | +€2,234 | +2.7% |
| Cash at bank and in hand | 54/58 | €82,872 | €84,385 | +€1,513 | +1.8% |
| Deferred charges and accrued income | 490/1 | - | €721 | +€721 | |
| Total equity and liabilities | 10/49 | €970,523 | €949,040 | -€21,482 | -2.2% |
| Equity | 10/15 | -€61,120 | -€68,702 | -€7,582 | -12.4% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€151,120 | -€158,702 | -€7,582 | -5.0% |
| Amounts payable | 17/49 | €1,031,642 | €1,017,742 | -€13,900 | -1.3% |
| Amounts payable after more than one year | 17 | €361,053 | €347,095 | -€13,958 | -3.9% |
| Financial debts | 170/4 | €361,053 | €347,095 | -€13,958 | -3.9% |
| Amounts payable within one year | 42/48 | €670,589 | €670,647 | +€58 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €13,006 | €13,958 | +€953 | +7.3% |
| Trade debts | 44 | €935 | €82 | -€853 | -91.2% |
| Suppliers | 440/4 | €935 | €82 | -€853 | -91.2% |
| Other amounts payable | 47/48 | €656,649 | €656,607 | -€42 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,198 | €23,716 | -€77,481 | -76.6% |
| Other operating charges | 640/8 | €1,887 | €4,362 | +€2,475 | +131% |
| Gross operating margin | 9900 | €13,574 | €34,859 | +€21,285 | +157% |
| Operating profit (loss) | 9901 | -€89,511 | €6,780 | +€96,291 | |
| Financial income | 75/76B | €6 | €94 | +€88 | +1,451% |
| Recurring financial income | 75 | €6 | €94 | +€88 | +1,451% |
| Financial charges | 65/66B | €9,930 | €14,429 | +€4,499 | +45.3% |
| Recurring financial charges | 65 | €9,930 | €14,429 | +€4,499 | +45.3% |
| Profit (loss) for the period before taxes | 9903 | -€99,435 | -€7,554 | +€91,881 | +92.4% |
| Income taxes | 67/77 | €2 | €28 | +€26 | +1,419% |
| Profit (loss) for the period | 9904 | -€99,437 | -€7,582 | +€91,855 | +92.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€99,437 | -€7,582 | +€91,855 | +92.4% |
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 16 October 2026 via checked.be.