STB IMMO: what changed
Two fiscal 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.
What changed
STB IMMO
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€130,164
2024 · €343,936-€474,100
Equity
€6.4m
2024 · €6.6m-€130,164
Cash
€53,423
2024 · €131,566-€78,143
Balance sheet total
€8.2m
2024 · €8.3m-€111,589
Largest movements
Assets
- Current investments -€121,004
down €121,004 (-3.1%), from €3.9m to €3.7m
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial income -€334,031
down €334,031 (-82.5%), from €404,908 to €70,877
- Financial charges +€120,128
up €120,128, from -€56,200 to €63,928
- Gross operating margin +€68,455
up €68,455, from -€29,603 to €38,852
- Depreciation +€21,400
up €21,400 (+22.0%), from €97,397 to €118,797
- Other operating charges +€1,193
up €1,193 (+56.0%), from €2,130 to €3,322
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.
Result 2024
€343,936
Gross operating margin
+€68,455
Depreciation
-€21,400
Other operating charges
-€1,193
Other operating items
-€76,543
Financial income
-€334,031
Financial charges
-€120,128
Deferred taxes and other
+€10,740
Result 2025
-€130,164
Cash bridge derived
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.
From operations
+€1,216
Investment
-€79,359
Financing
€0
Cash 2024
€131,566
From operations (derived)
+€1,216
Net result for the year
-€130,164
Depreciation
+€118,797
Receivables within one year
-€6,663
Deferred charges and accrued income
+€671
Provisions
-€22,697
Trade debts
-€1,172
Other debts
+€42,749
Accrued charges and deferred income
-€304
Investment (derived)
-€79,359
Investment in fixed assets (net)
-€200,363
Current investments
+€121,004
Cash 2025
€53,423
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,290,610 | €8,179,021 | -€111,589 | -1.3% |
| Fixed assets | 21/28 | €4,084,338 | €4,165,904 | +€81,566 | +2.0% |
| Tangible fixed assets | 22/27 | €4,084,338 | €4,165,904 | +€81,566 | +2.0% |
| Land and buildings | 22 | €3,991,838 | €4,073,404 | +€81,566 | +2.0% |
| Other tangible fixed assets | 26 | €92,500 | €92,500 | = | 0.0% |
| Current assets | 29/58 | €4,206,273 | €4,013,118 | -€193,155 | -4.6% |
| Amounts receivable within one year | 40/41 | €221,848 | €228,510 | +€6,663 | +3.0% |
| Other amounts receivable | 41 | €221,848 | €228,510 | +€6,663 | +3.0% |
| Current investments | 50/53 | €3,850,217 | €3,729,213 | -€121,004 | -3.1% |
| Cash at bank and in hand | 54/58 | €131,566 | €53,423 | -€78,143 | -59.4% |
| Deferred charges and accrued income | 490/1 | €2,642 | €1,971 | -€671 | -25.4% |
| Total equity and liabilities | 10/49 | €8,290,610 | €8,179,021 | -€111,589 | -1.3% |
| Equity | 10/15 | €6,554,394 | €6,424,230 | -€130,164 | -2.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €3,762,642 | €3,694,551 | -€68,092 | -1.8% |
| Non-distributable reserves | 130/1 | €28,756 | €28,756 | = | 0.0% |
| Legal reserve | 130 | €28,756 | €28,756 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,510,740 | €2,442,648 | -€68,092 | -2.7% |
| Distributable reserves | 133 | €1,223,147 | €1,223,147 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,729,751 | €2,667,679 | -€62,073 | -2.3% |
| Provisions and deferred taxes | 16 | €696,048 | €673,351 | -€22,697 | -3.3% |
| Deferred taxes | 168 | €696,048 | €673,351 | -€22,697 | -3.3% |
| Amounts payable | 17/49 | €1,040,169 | €1,081,441 | +€41,273 | +4.0% |
| Amounts payable within one year | 42/48 | €1,006,792 | €1,048,369 | +€41,577 | +4.1% |
| Trade debts | 44 | €2,428 | €1,255 | -€1,172 | -48.3% |
| Suppliers | 440/4 | €2,428 | €1,255 | -€1,172 | -48.3% |
| Other amounts payable | 47/48 | €1,004,364 | €1,047,114 | +€42,749 | +4.3% |
| Accrued charges and deferred income | 492/3 | €33,377 | €33,072 | -€304 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,397 | €118,797 | +€21,400 | +22.0% |
| Other operating charges | 640/8 | €2,130 | €3,322 | +€1,193 | +56.0% |
| Non-recurring operating charges | 66A | - | €76,543 | +€76,543 | |
| Gross operating margin | 9900 | -€29,603 | €38,852 | +€68,455 | |
| Operating profit (loss) | 9901 | -€129,129 | -€159,811 | -€30,681 | -23.8% |
| Financial income | 75/76B | €404,908 | €70,877 | -€334,031 | -82.5% |
| Recurring financial income | 75 | €404,908 | €70,877 | -€334,031 | -82.5% |
| Financial charges | 65/66B | -€56,200 | €63,928 | +€120,128 | |
| Recurring financial charges | 65 | -€56,200 | €63,928 | +€120,128 | |
| Profit (loss) for the period before taxes | 9903 | €331,979 | -€152,862 | -€484,840 | |
| Transfer from deferred taxes | 780 | €11,957 | €22,697 | +€10,740 | +89.8% |
| Profit (loss) for the period | 9904 | €343,936 | -€130,164 | -€474,100 | |
| Transfer from tax-exempt reserves | 789 | €35,871 | €68,092 | +€32,220 | +89.8% |
| Profit (loss) for the period to be appropriated | 9905 | €379,807 | -€62,073 | -€441,880 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.