STIMMOBEL: 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.
STIMMOBEL
Largest movements
- Tangible fixed assets +€88,461
up €88,461 (+2.9%), from €3.1m to €3.2m
- Profit (loss) carried forward -€123,043
down €123,043 (-33.0%), from -€373,046 to -€496,089
- Other debts +€115,348
up €115,348 (+5.2%), from €2.2m to €2.3m
- Current portion of long-term debt +€61,202
up €61,202 (+74.0%), from €82,739 to €143,941
- Investment grants +€42,191
up €42,191 (+110%), from €38,408 to €80,599
- Depreciation +€52,381
up €52,381 (+31.4%), from €166,711 to €219,092
- Gross operating margin +€7,918
up €7,918 (+6.8%), from €116,734 to €124,652
- Financial charges +€6,190
up €6,190 (+29.4%), from €21,020 to €27,210
- Other operating charges +€5,462
up €5,462 (+95.8%), from €5,700 to €11,162
- Financial income +€5,196
up €5,196 (+114%), from €4,573 to €9,769
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 | €3,229,603 | €3,302,387 | +€72,784 | +2.3% |
| Fixed assets | 21/28 | €3,143,366 | €3,229,366 | +€86,000 | +2.7% |
| Intangible fixed assets | 21 | €75,593 | €73,132 | -€2,461 | -3.3% |
| Tangible fixed assets | 22/27 | €3,067,773 | €3,156,234 | +€88,461 | +2.9% |
| Land and buildings | 22 | €3,067,773 | €3,156,234 | +€88,461 | +2.9% |
| Current assets | 29/58 | €86,237 | €73,021 | -€13,216 | -15.3% |
| Amounts receivable within one year | 40/41 | €4,643 | €303 | -€4,340 | -93.5% |
| Trade receivables | 40 | €4,643 | €303 | -€4,340 | -93.5% |
| Cash at bank and in hand | 54/58 | €21,215 | €3,313 | -€17,902 | -84.4% |
| Deferred charges and accrued income | 490/1 | €60,379 | €69,405 | +€9,026 | +14.9% |
| Total equity and liabilities | 10/49 | €3,229,603 | €3,302,387 | +€72,784 | +2.3% |
| Equity | 10/15 | -€328,438 | -€409,290 | -€80,852 | -24.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€373,046 | -€496,089 | -€123,043 | -33.0% |
| Investment grants | 15 | €38,408 | €80,599 | +€42,191 | +110% |
| Amounts payable | 17/49 | €3,558,041 | €3,711,677 | +€153,636 | +4.3% |
| Amounts payable after more than one year | 17 | €1,229,350 | €1,209,210 | -€20,140 | -1.6% |
| Financial debts | 170/4 | €1,229,350 | €1,209,210 | -€20,140 | -1.6% |
| Amounts payable within one year | 42/48 | €2,328,691 | €2,502,467 | +€173,776 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €82,739 | €143,941 | +€61,202 | +74.0% |
| Financial debts | 43 | €8,302 | €8,302 | -€0 | 0.0% |
| Credit institutions | 430/8 | €8,302 | €8,302 | -€0 | 0.0% |
| Trade debts | 44 | €2,309 | €4,778 | +€2,469 | +107% |
| Suppliers | 440/4 | €2,309 | €4,778 | +€2,469 | +107% |
| Taxes, remuneration and social security | 45 | €11,078 | €5,835 | -€5,243 | -47.3% |
| Taxes | 450/3 | €11,078 | €5,835 | -€5,243 | -47.3% |
| Other amounts payable | 47/48 | €2,224,263 | €2,339,611 | +€115,348 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €166,711 | €219,092 | +€52,381 | +31.4% |
| Other operating charges | 640/8 | €5,700 | €11,162 | +€5,462 | +95.8% |
| Gross operating margin | 9900 | €116,734 | €124,652 | +€7,918 | +6.8% |
| Operating profit (loss) | 9901 | -€55,677 | -€105,602 | -€49,925 | -89.7% |
| Financial income | 75/76B | €4,573 | €9,769 | +€5,196 | +114% |
| Recurring financial income | 75 | €4,573 | €9,769 | +€5,196 | +114% |
| Financial charges | 65/66B | €21,020 | €27,210 | +€6,190 | +29.4% |
| Recurring financial charges | 65 | €21,020 | €27,210 | +€6,190 | +29.4% |
| Profit (loss) for the period before taxes | 9903 | -€72,124 | -€123,043 | -€50,919 | -70.6% |
| Profit (loss) for the period | 9904 | -€72,124 | -€123,043 | -€50,919 | -70.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€72,124 | -€123,043 | -€50,919 | -70.6% |
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 15 October 2026 via checked.be.