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
- Cash -€47,302
down €47,302 (-60.9%), from €77,653 to €30,351
mainly Other debts (-€87,475) and Receivables within one year (-€8,907)
- Tangible fixed assets -€37,292
down €37,292 (-7.8%), from €479,861 to €442,569
of which Land and buildings: -€37,162
- Receivables within one year +€8,907
new in 2025: €8,907
- Other debts -€87,475
no longer reported in 2025 (was €87,475)
- Reserves +€16,584
up €16,584 (+10.5%), from €157,368 to €173,952
of which Distributable reserves: +€25,110
- Provisions -€5,683
down €5,683 (-15.9%), from €35,664 to €29,981
- Gross operating margin -€5,336
down €5,336 (-7.2%), from €74,625 to €69,290
- Taxes -€2,041
down €2,041 (-14.8%), from €13,758 to €11,718
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 | €559,594 | €484,629 | -€74,966 | -13.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €479,861 | €442,569 | -€37,292 | -7.8% |
| Tangible fixed assets | 22/27 | €479,861 | €442,569 | -€37,292 | -7.8% |
| Land and buildings | 22 | €470,254 | €433,092 | -€37,162 | -7.9% |
| Other tangible fixed assets | 26 | €9,607 | €9,478 | -€130 | -1.4% |
| Current assets | 29/58 | €79,733 | €42,060 | -€37,674 | -47.2% |
| Amounts receivable after more than one year | 29 | €2,080 | €2,600 | +€520 | +25.0% |
| Other amounts receivable | 291 | €2,080 | €2,600 | +€520 | +25.0% |
| Amounts receivable within one year | 40/41 | - | €8,907 | +€8,907 | |
| Other amounts receivable | 41 | - | €8,907 | +€8,907 | |
| Cash at bank and in hand | 54/58 | €77,653 | €30,351 | -€47,302 | -60.9% |
| Deferred charges and accrued income | 490/1 | - | €201 | +€201 | |
| Total equity and liabilities | 10/49 | €559,594 | €484,629 | -€74,966 | -13.4% |
| Equity | 10/15 | €432,482 | €449,066 | +€16,584 | +3.8% |
| Contributions | 10/11 | €64,452 | €64,452 | = | 0.0% |
| Capital | 10 | €64,452 | €64,452 | = | 0.0% |
| Issued capital | 100 | €64,452 | €64,452 | = | 0.0% |
| Reserves | 13 | €157,368 | €173,952 | +€16,584 | +10.5% |
| Non-distributable reserves | 130/1 | €6,445 | €6,445 | = | 0.0% |
| Legal reserve | 130 | €6,445 | €6,445 | = | 0.0% |
| Tax-exempt reserves | 132 | €53,495 | €44,970 | -€8,526 | -15.9% |
| Distributable reserves | 133 | €97,427 | €122,537 | +€25,110 | +25.8% |
| Profit (loss) carried forward | 14 | €210,662 | €210,662 | = | 0.0% |
| Provisions and deferred taxes | 16 | €35,664 | €29,981 | -€5,683 | -15.9% |
| Deferred taxes | 168 | €35,664 | €29,981 | -€5,683 | -15.9% |
| Amounts payable | 17/49 | €91,448 | €5,582 | -€85,866 | -93.9% |
| Amounts payable within one year | 42/48 | €90,294 | €1,809 | -€88,485 | -98.0% |
| Trade debts | 44 | €1,061 | €1,809 | +€748 | +70.5% |
| Suppliers | 440/4 | €1,061 | €1,809 | +€748 | +70.5% |
| Taxes, remuneration and social security | 45 | €1,758 | - | -€1,758 | |
| Taxes | 450/3 | €1,758 | - | -€1,758 | |
| Other amounts payable | 47/48 | €87,475 | - | -€87,475 | |
| Accrued charges and deferred income | 492/3 | €1,154 | €3,773 | +€2,619 | +227% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,837 | €37,292 | +€455 | +1.2% |
| Other operating charges | 640/8 | €8,915 | €9,509 | +€594 | +6.7% |
| Gross operating margin | 9900 | €74,625 | €69,290 | -€5,336 | -7.2% |
| Operating profit (loss) | 9901 | €28,873 | €22,488 | -€6,385 | -22.1% |
| Financial income | 75/76B | €197 | €335 | +€137 | +69.6% |
| Recurring financial income | 75 | €197 | €335 | +€137 | +69.6% |
| Financial charges | 65/66B | €161 | €205 | +€43 | +27.0% |
| Recurring financial charges | 65 | €161 | €205 | +€43 | +27.0% |
| Profit (loss) for the period before taxes | 9903 | €28,910 | €22,618 | -€6,291 | -21.8% |
| Transfer from deferred taxes | 780 | €5,683 | €5,683 | = | 0.0% |
| Income taxes | 67/77 | €13,758 | €11,718 | -€2,041 | -14.8% |
| Profit (loss) for the period | 9904 | €20,835 | €16,584 | -€4,251 | -20.4% |
| Transfer from tax-exempt reserves | 789 | €8,526 | €8,526 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,360 | €25,110 | -€4,251 | -14.5% |
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 13 October 2026 via checked.be.