STALLAERT IMMO: 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.
STALLAERT IMMO
Largest movements
- Tangible fixed assets +€2.7m
up €2.7m (+32.6%), from €8.2m to €10.9m
of which Land and buildings: +€1.4m
- Receivables within one year -€1.1m
down €1.1m (-90.8%), from €1.2m to €107,883
of which Other amounts receivable: -€961,129
- Current investments +€231,061
new in 2025: €231,061
- Cash +€175,361
up €175,361 (+383%), from €45,824 to €221,185
mainly Contributions, distributions and other (+€3.3m) and Receivables within one year (+€1.1m)
- Contributions +€3.3m
up €3.3m (+140%), from €2.4m to €5.7m
- Other debts -€962,152
down €962,152 (-54.2%), from €1.8m to €812,312
- Debts after one year -€317,708
down €317,708 (-21.7%), from €1.5m to €1.1m
- Reserves -€233,459
down €233,459 (-6.8%), from €3.4m to €3.2m
of which Tax-exempt reserves: -€233,459
- Profit (loss) carried forward +€164,142
up €164,142, from -€95,407 to €68,735
- Gross operating margin -€2.1m
down €2.1m (-85.9%), from €2.5m to €347,649
- Depreciation -€220,602
down €220,602 (-35.7%), from €617,300 to €396,698
- Taxes +€34,805
up €34,805 (+7,944%), from €438 to €35,243
- Financial income +€33,420
up €33,420 (+335%), from €9,980 to €43,399
- Financial charges +€27,398
up €27,398 (+48.0%), from €57,073 to €84,470
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 | €10,437,075 | €12,469,909 | +€2.0m | +19.5% |
| Fixed assets | 21/28 | €9,212,623 | €11,889,303 | +€2.7m | +29.1% |
| Tangible fixed assets | 22/27 | €8,212,566 | €10,889,246 | +€2.7m | +32.6% |
| Land and buildings | 22 | €8,170,657 | €9,597,156 | +€1.4m | +17.5% |
| Plant, machinery and equipment | 23 | €8,510 | €26,598 | +€18,088 | +213% |
| Furniture and vehicles | 24 | €33,399 | €136,451 | +€103,052 | +309% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Assets under construction and advance payments | 27 | - | €1,129,041 | +€1.1m | |
| Financial fixed assets | 28 | €1,000,057 | €1,000,057 | = | 0.0% |
| Current assets | 29/58 | €1,224,452 | €580,605 | -€643,846 | -52.6% |
| Amounts receivable within one year | 40/41 | €1,174,889 | €107,883 | -€1.1m | -90.8% |
| Trade receivables | 40 | €115,182 | €9,305 | -€105,877 | -91.9% |
| Other amounts receivable | 41 | €1,059,706 | €98,578 | -€961,129 | -90.7% |
| Current investments | 50/53 | - | €231,061 | +€231,061 | |
| Cash at bank and in hand | 54/58 | €45,824 | €221,185 | +€175,361 | +383% |
| Deferred charges and accrued income | 490/1 | €3,739 | €20,476 | +€16,737 | +448% |
| Total equity and liabilities | 10/49 | €10,437,075 | €12,469,909 | +€2.0m | +19.5% |
| Equity | 10/15 | €5,709,674 | €8,982,138 | +€3.3m | +57.3% |
| Contributions | 10/11 | €2,393,827 | €5,735,608 | +€3.3m | +140% |
| Reserves | 13 | €3,411,254 | €3,177,795 | -€233,459 | -6.8% |
| Tax-exempt reserves | 132 | €3,411,254 | €3,177,795 | -€233,459 | -6.8% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€95,407 | €68,735 | +€164,142 | |
| Provisions and deferred taxes | 16 | €1,264,320 | €1,174,371 | -€89,949 | -7.1% |
| Deferred taxes | 168 | €1,264,320 | €1,174,371 | -€89,949 | -7.1% |
| Amounts payable | 17/49 | €3,463,081 | €2,313,400 | -€1.1m | -33.2% |
| Amounts payable after more than one year | 17 | €1,462,786 | €1,145,078 | -€317,708 | -21.7% |
| Financial debts | 170/4 | €1,462,786 | €1,145,078 | -€317,708 | -21.7% |
| Amounts payable within one year | 42/48 | €1,995,295 | €1,168,322 | -€826,973 | -41.4% |
| Current portion of amounts payable after more than one year | 42 | €150,156 | €160,924 | +€10,768 | +7.2% |
| Trade debts | 44 | €65,980 | €183,251 | +€117,271 | +178% |
| Suppliers | 440/4 | €65,980 | €183,251 | +€117,271 | +178% |
| Taxes, remuneration and social security | 45 | €4,695 | €11,835 | +€7,140 | +152% |
| Taxes | 450/3 | €4,216 | €11,835 | +€7,619 | +181% |
| Remuneration and social security | 454/9 | €479 | €0 | -€479 | -100% |
| Other amounts payable | 47/48 | €1,774,464 | €812,312 | -€962,152 | -54.2% |
| Accrued charges and deferred income | 492/3 | €5,000 | €0 | -€5,000 | -100% |
| Non-recurring operating income | 76A | €2,567,852 | €400,479 | -€2.2m | -84.4% |
| Remuneration, social security and pensions | 62 | -€3,072 | €0 | +€3,072 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €617,300 | €396,698 | -€220,602 | -35.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €29,167 | €32,956 | +€3,789 | +13.0% |
| Non-recurring operating charges | 66A | €393,246 | €948 | -€392,298 | -99.8% |
| Gross operating margin | 9900 | €2,457,186 | €347,649 | -€2.1m | -85.9% |
| Operating profit (loss) | 9901 | €1,420,545 | -€82,952 | -€1.5m | |
| Financial income | 75/76B | €9,980 | €43,399 | +€33,420 | +335% |
| Recurring financial income | 75 | €9,980 | €43,399 | +€33,420 | +335% |
| Financial charges | 65/66B | €57,073 | €84,470 | +€27,398 | +48.0% |
| Recurring financial charges | 65 | €57,073 | €84,470 | +€27,398 | +48.0% |
| Profit (loss) for the period before taxes | 9903 | €1,373,452 | -€124,023 | -€1.5m | |
| Transfer from deferred taxes | 780 | €254,842 | €89,949 | -€164,893 | -64.7% |
| Transfer to deferred taxes | 680 | €598,745 | €0 | -€598,745 | -100% |
| Income taxes | 67/77 | €438 | €35,243 | +€34,805 | +7,944% |
| Profit (loss) for the period | 9904 | €1,029,112 | -€69,317 | -€1.1m | |
| Transfer from tax-exempt reserves | 789 | €220,394 | €233,459 | +€13,065 | +5.9% |
| Transfer to tax-exempt reserves | 689 | €1,796,234 | €0 | -€1.8m | -100% |
| Profit (loss) for the period to be appropriated | 9905 | -€546,728 | €164,142 | +€710,870 |
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 20 October 2026 via checked.be.