IMMOSTAR: 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.
IMMOSTAR
Largest movements
- Tangible fixed assets -€27,854
down €27,854 (-3.5%), from €785,664 to €757,809
- Receivables within one year -€22,538
down €22,538 (-66.8%), from €33,730 to €11,192
of which Other amounts receivable: -€21,416
- Deferred charges and accrued income -€8,417
down €8,417 (-84.1%), from €10,004 to €1,587
- Profit (loss) carried forward -€102,223
down €102,223 (-41.8%), from -€244,496 to -€346,719
- Other debts +€78,967
up €78,967 (+55.1%), from €143,437 to €222,404
- Debts after one year -€35,685
down €35,685 (-8.7%), from €409,235 to €373,550
- Trade debts +€9,514
up €9,514 (+81.5%), from €11,672 to €21,186
- Gross operating margin -€65,317
down €65,317, from €22,489 to -€42,828
- Depreciation -€19,027
down €19,027 (-33.1%), from €57,554 to €38,527
- Financial charges +€2,008
up €2,008 (+13.3%), from €15,063 to €17,071
- Other operating charges +€1,468
up €1,468 (+12.4%), from €11,800 to €13,268
- Financial income -€1,307
down €1,307 (-76.1%), from €1,718 to €411
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 | €832,049 | €776,003 | -€56,046 | -6.7% |
| Fixed assets | 21/28 | €785,664 | €757,809 | -€27,854 | -3.5% |
| Tangible fixed assets | 22/27 | €785,664 | €757,809 | -€27,854 | -3.5% |
| Land and buildings | 22 | €785,664 | €757,809 | -€27,854 | -3.5% |
| Current assets | 29/58 | €46,385 | €18,194 | -€28,192 | -60.8% |
| Amounts receivable within one year | 40/41 | €33,730 | €11,192 | -€22,538 | -66.8% |
| Trade receivables | 40 | €4,530 | €3,408 | -€1,122 | -24.8% |
| Other amounts receivable | 41 | €29,200 | €7,784 | -€21,416 | -73.3% |
| Cash at bank and in hand | 54/58 | €2,652 | €5,415 | +€2,764 | +104% |
| Deferred charges and accrued income | 490/1 | €10,004 | €1,587 | -€8,417 | -84.1% |
| Total equity and liabilities | 10/49 | €832,049 | €776,003 | -€56,046 | -6.7% |
| Equity | 10/15 | €146,923 | €38,320 | -€108,603 | -73.9% |
| Contributions | 10/11 | €140,000 | €140,000 | = | 0.0% |
| Capital | 10 | €140,000 | €140,000 | = | 0.0% |
| Issued capital | 100 | €140,000 | €140,000 | = | 0.0% |
| Reserves | 13 | €251,419 | €245,039 | -€6,380 | -2.5% |
| Non-distributable reserves | 130/1 | €8,436 | €8,436 | = | 0.0% |
| Legal reserve | 130 | €8,436 | €8,436 | = | 0.0% |
| Tax-exempt reserves | 132 | €203,983 | €197,603 | -€6,380 | -3.1% |
| Distributable reserves | 133 | €39,000 | €39,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€244,496 | -€346,719 | -€102,223 | -41.8% |
| Provisions and deferred taxes | 16 | €85,683 | €83,003 | -€2,680 | -3.1% |
| Deferred taxes | 168 | €85,683 | €83,003 | -€2,680 | -3.1% |
| Amounts payable | 17/49 | €599,443 | €654,679 | +€55,236 | +9.2% |
| Amounts payable after more than one year | 17 | €409,235 | €373,550 | -€35,685 | -8.7% |
| Financial debts | 170/4 | €409,235 | €373,550 | -€35,685 | -8.7% |
| Amounts payable within one year | 42/48 | €190,208 | €279,275 | +€89,067 | +46.8% |
| Current portion of amounts payable after more than one year | 42 | €35,099 | €35,685 | +€586 | +1.7% |
| Trade debts | 44 | €11,672 | €21,186 | +€9,514 | +81.5% |
| Suppliers | 440/4 | €11,672 | €21,186 | +€9,514 | +81.5% |
| Other amounts payable | 47/48 | €143,437 | €222,404 | +€78,967 | +55.1% |
| Accrued charges and deferred income | 492/3 | €0 | €1,855 | +€1,855 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,554 | €38,527 | -€19,027 | -33.1% |
| Other operating charges | 640/8 | €11,800 | €13,268 | +€1,468 | +12.4% |
| Gross operating margin | 9900 | €22,489 | -€42,828 | -€65,317 | |
| Operating profit (loss) | 9901 | -€46,864 | -€94,622 | -€47,758 | -102% |
| Financial income | 75/76B | €1,718 | €411 | -€1,307 | -76.1% |
| Recurring financial income | 75 | €1,718 | €411 | -€1,307 | -76.1% |
| Financial charges | 65/66B | €15,063 | €17,071 | +€2,008 | +13.3% |
| Recurring financial charges | 65 | €15,063 | €17,071 | +€2,008 | +13.3% |
| Profit (loss) for the period before taxes | 9903 | -€60,210 | -€111,283 | -€51,073 | -84.8% |
| Transfer from deferred taxes | 780 | €2,680 | €2,680 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€57,530 | -€108,603 | -€51,073 | -88.8% |
| Transfer from tax-exempt reserves | 789 | €6,380 | €6,380 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,150 | -€102,223 | -€51,073 | -99.8% |
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 15 October 2026 via checked.be.