STOBRA: 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
STOBRA
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3,199
2024 · €127,279-€124,081
Equity
€4.3m
2024 · €4.3m+€3,199
Cash
€48,012
2024 · €56,808-€8,796
Balance sheet total
€5.5m
2024 · €5.4m+€78,676
Largest movements
Assets
- Current investments +€102,661
up €102,661 (+3.8%), from €2.7m to €2.8m
Equity and liabilities
- Other debts +€77,049
up €77,049 (+65.2%), from €118,109 to €195,158
Income statement
- Provisions +€65,000
no longer reported in 2025 (was -€65,000)
- Financial income +€62,517
up €62,517 (+94.1%), from €66,455 to €128,973
- Taxes +€59,301
up €59,301 (+642.7%), from €9,227 to €68,528
- Gross operating margin -€31,115
down €31,115 (-47.1%), from €66,046 to €34,931
- Other operating charges +€22,229
up €22,229 (+199.0%), from €11,168 to €33,396
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
€127,279
Gross operating margin
-€31,115
Depreciation
-€16,999
Provisions
-€65,000
Other operating charges
-€22,229
Financial income
+€62,517
Financial charges
+€8,045
Taxes
-€59,301
Result 2025
€3,199
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
+€113,288
Investment
-€122,084
Financing
€0
Cash 2024
€56,808
From operations (derived)
+€113,288
Net result for the year
+€3,199
Depreciation
+€31,165
Receivables within one year
+€3,411
Deferred charges and accrued income
+€35
Trade debts
-€2,208
Tax, wage and social debts
+€637
Other debts
+€77,049
Investment (derived)
-€122,084
Investment in fixed assets (net)
-€19,422
Current investments
-€102,661
Cash 2025
€48,012
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,433,593 | €5,512,269 | +€78,676 | +1.4% |
| Fixed assets | 21/28 | €2,574,918 | €2,563,175 | -€11,743 | -0.5% |
| Tangible fixed assets | 22/27 | €2,574,918 | €2,563,175 | -€11,743 | -0.5% |
| Land and buildings | 22 | €2,550,918 | €2,539,175 | -€11,743 | -0.5% |
| Furniture and vehicles | 24 | €24,000 | €24,000 | = | 0.0% |
| Current assets | 29/58 | €2,858,675 | €2,949,094 | +€90,419 | +3.2% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,687 | €2,276 | -€3,411 | -60.0% |
| Other amounts receivable | 41 | €5,687 | €2,276 | -€3,411 | -60.0% |
| Current investments | 50/53 | €2,694,482 | €2,797,144 | +€102,661 | +3.8% |
| Cash at bank and in hand | 54/58 | €56,808 | €48,012 | -€8,796 | -15.5% |
| Deferred charges and accrued income | 490/1 | €1,699 | €1,663 | -€35 | -2.1% |
| Total equity and liabilities | 10/49 | €5,433,593 | €5,512,269 | +€78,676 | +1.4% |
| Equity | 10/15 | €4,280,697 | €4,283,895 | +€3,199 | +0.1% |
| Contributions | 10/11 | €262,800 | €262,800 | = | 0.0% |
| Reserves | 13 | €869,085 | €869,085 | = | 0.0% |
| Non-distributable reserves | 130/1 | €26,280 | €26,280 | = | 0.0% |
| Reserves not available under the articles | 1311 | €26,280 | €26,280 | = | 0.0% |
| Distributable reserves | 133 | €842,805 | €842,805 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,148,811 | €3,152,010 | +€3,199 | +0.1% |
| Amounts payable | 17/49 | €1,152,896 | €1,228,374 | +€75,478 | +6.5% |
| Amounts payable after more than one year | 17 | €1,031,398 | €1,031,398 | = | 0.0% |
| Financial debts | 170/4 | €1,031,398 | €1,031,398 | = | 0.0% |
| Amounts payable within one year | 42/48 | €121,498 | €196,976 | +€75,478 | +62.1% |
| Trade debts | 44 | €2,208 | - | -€2,208 | |
| Suppliers | 440/4 | €2,208 | - | -€2,208 | |
| Taxes, remuneration and social security | 45 | €1,181 | €1,818 | +€637 | +53.9% |
| Taxes | 450/3 | €1,181 | €1,818 | +€637 | +53.9% |
| Other amounts payable | 47/48 | €118,109 | €195,158 | +€77,049 | +65.2% |
| Non-recurring operating income | 76A | €1,815 | - | -€1,815 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,167 | €31,165 | +€16,999 | +120.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€65,000 | - | +€65,000 | |
| Other operating charges | 640/8 | €11,168 | €33,396 | +€22,229 | +199.0% |
| Gross operating margin | 9900 | €66,046 | €34,931 | -€31,115 | -47.1% |
| Operating profit (loss) | 9901 | €105,711 | -€29,631 | -€135,342 | |
| Financial income | 75/76B | €66,455 | €128,973 | +€62,517 | +94.1% |
| Recurring financial income | 75 | €66,455 | €128,973 | +€62,517 | +94.1% |
| Financial charges | 65/66B | €35,660 | €27,615 | -€8,045 | -22.6% |
| Recurring financial charges | 65 | €35,660 | €27,615 | -€8,045 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €136,506 | €71,726 | -€64,780 | -47.5% |
| Income taxes | 67/77 | €9,227 | €68,528 | +€59,301 | +642.7% |
| Profit (loss) for the period | 9904 | €127,279 | €3,199 | -€124,081 | -97.5% |
| Profit (loss) for the period to be appropriated | 9905 | €127,279 | €3,199 | -€124,081 | -97.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.