S.T.O. IMMO CONCEPT: 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.
S.T.O. IMMO CONCEPT
Largest movements
- Cash -€71,587
down €71,587 (-75.3%), from €95,062 to €23,475
mainly Other debts (-€112,160) and Debts after one year (-€38,573)
- Tangible fixed assets -€32,681
down €32,681 (-2.9%), from €1.1m to €1.1m
- Other debts -€112,160
down €112,160 (-30.4%), from €368,831 to €256,671
- Debts after one year -€38,573
down €38,573 (-8.6%), from €447,208 to €408,635
- Profit (loss) carried forward +€33,078
up €33,078 (+9.2%), from €358,205 to €391,283
- Trade debts +€12,459
new in 2025: €12,459
- Other operating charges -€12,426
down €12,426 (-49.1%), from €25,290 to €12,863
- Gross operating margin -€2,242
down €2,242 (-2.6%), from €86,575 to €84,333
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 | €1,232,953 | €1,128,080 | -€104,873 | -8.5% |
| Fixed assets | 21/28 | €1,131,453 | €1,098,772 | -€32,681 | -2.9% |
| Tangible fixed assets | 22/27 | €1,130,108 | €1,097,427 | -€32,681 | -2.9% |
| Land and buildings | 22 | €1,130,108 | €1,097,427 | -€32,681 | -2.9% |
| Financial fixed assets | 28 | €1,345 | €1,345 | = | 0.0% |
| Current assets | 29/58 | €101,500 | €29,308 | -€72,192 | -71.1% |
| Amounts receivable within one year | 40/41 | €210 | €4,961 | +€4,751 | +2,262% |
| Trade receivables | 40 | €210 | €2,000 | +€1,790 | +852% |
| Other amounts receivable | 41 | - | €2,961 | +€2,961 | |
| Cash at bank and in hand | 54/58 | €95,062 | €23,475 | -€71,587 | -75.3% |
| Deferred charges and accrued income | 490/1 | €6,228 | €872 | -€5,356 | -86.0% |
| Total equity and liabilities | 10/49 | €1,232,953 | €1,128,080 | -€104,873 | -8.5% |
| Equity | 10/15 | €378,665 | €411,743 | +€33,078 | +8.7% |
| Reserves | 13 | €20,460 | €20,460 | = | 0.0% |
| Distributable reserves | 133 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €358,205 | €391,283 | +€33,078 | +9.2% |
| Amounts payable | 17/49 | €854,288 | €716,337 | -€137,951 | -16.1% |
| Amounts payable after more than one year | 17 | €447,208 | €408,635 | -€38,573 | -8.6% |
| Financial debts | 170/4 | €447,208 | €408,635 | -€38,573 | -8.6% |
| Amounts payable within one year | 42/48 | €407,080 | €307,702 | -€99,378 | -24.4% |
| Current portion of amounts payable after more than one year | 42 | €38,113 | €38,573 | +€460 | +1.2% |
| Trade debts | 44 | - | €12,459 | +€12,459 | |
| Suppliers | 440/4 | - | €12,459 | +€12,459 | |
| Taxes, remuneration and social security | 45 | €136 | - | -€136 | |
| Taxes | 450/3 | €136 | - | -€136 | |
| Other amounts payable | 47/48 | €368,831 | €256,671 | -€112,160 | -30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,681 | €32,681 | = | 0.0% |
| Other operating charges | 640/8 | €25,290 | €12,863 | -€12,426 | -49.1% |
| Non-recurring operating charges | 66A | €15,993 | - | -€15,993 | |
| Gross operating margin | 9900 | €86,575 | €84,333 | -€2,242 | -2.6% |
| Operating profit (loss) | 9901 | €12,611 | €38,789 | +€26,178 | +208% |
| Financial charges | 65/66B | €6,191 | €5,711 | -€480 | -7.8% |
| Recurring financial charges | 65 | €6,191 | €5,711 | -€480 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €6,420 | €33,078 | +€26,658 | +415% |
| Profit (loss) for the period | 9904 | €6,420 | €33,078 | +€26,658 | +415% |
| Profit (loss) for the period to be appropriated | 9905 | €6,420 | €33,078 | +€26,658 | +415% |
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 29 October 2026 via checked.be.