NO-STRESS IMMO: what changed
What changed
NO-STRESS IMMO
filed annual accounts (NBB)
Net result for the year
€58,721
2024 · €61,423-€2,703
Equity
€593,623
2024 · €534,902+€58,721
Cash
€130,404
2024 · €51,802+€78,603
Balance sheet total
€615,526
2024 · €583,785+€31,741
Largest movements
Assets
- Cash +€78,603
up €78,603 (+152%), from €51,802 to €130,404
mainly Net result for the year (+€58,721) and Receivables within one year (+€27,074)
- Receivables within one year -€27,074
down €27,074 (-90.2%), from €30,000 to €2,926
- Tangible fixed assets -€19,789
down €19,789 (-3.9%), from €501,673 to €481,884
Equity and liabilities
- Reserves +€58,721
up €58,721 (+11.4%), from €514,902 to €573,623
- Debts after one year -€20,915
down €20,915 (-100%), from €20,915 to €0
Income statement
- Gross operating margin -€3,407
down €3,407 (-2.9%), from €117,272 to €113,865
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€61,423
Gross operating margin
-€3,407
Depreciation
-€9
Other operating charges
-€622
Financial charges
+€434
Taxes
+€901
Result 2025
€58,721
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€105,313
Investment
-€1,817
Financing
-€24,893
Cash 2024
€51,802
From operations (derived)
+€105,313
Net result for the year
+€58,721
Depreciation
+€21,606
Receivables within one year
+€27,074
Trade debts
+€15
Tax, wage and social debts
-€2,102
Investment (derived)
-€1,817
Investment in fixed assets (net)
-€1,817
Financing
-€24,893
Debts after one year
-€20,915
Current portion of long-term debt
-€3,979
Cash 2025
€130,404
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €583,785 | €615,526 | +€31,741 | +5.4% |
| Fixed assets | 21/28 | €501,984 | €482,195 | -€19,789 | -3.9% |
| Tangible fixed assets | 22/27 | €501,673 | €481,884 | -€19,789 | -3.9% |
| Land and buildings | 22 | €501,673 | €481,884 | -€19,789 | -3.9% |
| Financial fixed assets | 28 | €311 | €311 | = | 0.0% |
| Current assets | 29/58 | €81,802 | €133,331 | +€51,529 | +63.0% |
| Amounts receivable within one year | 40/41 | €30,000 | €2,926 | -€27,074 | -90.2% |
| Other amounts receivable | 41 | €30,000 | €2,926 | -€27,074 | -90.2% |
| Cash at bank and in hand | 54/58 | €51,802 | €130,404 | +€78,603 | +152% |
| Total equity and liabilities | 10/49 | €583,785 | €615,526 | +€31,741 | +5.4% |
| Equity | 10/15 | €534,902 | €593,623 | +€58,721 | +11.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €514,902 | €573,623 | +€58,721 | +11.4% |
| Distributable reserves | 133 | €514,902 | €573,623 | +€58,721 | +11.4% |
| Amounts payable | 17/49 | €48,883 | €21,903 | -€26,980 | -55.2% |
| Amounts payable after more than one year | 17 | €20,915 | €0 | -€20,915 | -100% |
| Financial debts | 170/4 | €20,915 | €0 | -€20,915 | -100% |
| Amounts payable within one year | 42/48 | €27,969 | €21,903 | -€6,065 | -21.7% |
| Current portion of amounts payable after more than one year | 42 | €24,893 | €20,915 | -€3,979 | -16.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €499 | €514 | +€15 | +3.0% |
| Suppliers | 440/4 | €499 | €514 | +€15 | +3.0% |
| Taxes, remuneration and social security | 45 | €2,577 | €474 | -€2,102 | -81.6% |
| Taxes | 450/3 | €2,577 | €474 | -€2,102 | -81.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,597 | €21,606 | +€9 | 0.0% |
| Other operating charges | 640/8 | €12,627 | €13,248 | +€622 | +4.9% |
| Gross operating margin | 9900 | €117,272 | €113,865 | -€3,407 | -2.9% |
| Operating profit (loss) | 9901 | €83,048 | €79,011 | -€4,037 | -4.9% |
| Financial charges | 65/66B | €1,150 | €717 | -€434 | -37.7% |
| Recurring financial charges | 65 | €1,150 | €717 | -€434 | -37.7% |
| Profit (loss) for the period before taxes | 9903 | €81,898 | €78,294 | -€3,604 | -4.4% |
| Income taxes | 67/77 | €20,474 | €19,574 | -€901 | -4.4% |
| Profit (loss) for the period | 9904 | €61,423 | €58,721 | -€2,703 | -4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €61,423 | €58,721 | -€2,703 | -4.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.