STOFIMMO: 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.
STOFIMMO
Largest movements
- Receivables within one year +€260,724
up €260,724 (+23.9%), from €1.1m to €1.4m
of which Trade receivables: +€729,012
- Cash +€146,428
up €146,428 (+124%), from €118,140 to €264,568
mainly Net result for the year (+€616,335) and Other debts (+€339,205)
- Tangible fixed assets -€82,228
down €82,228 (-2.5%), from €3.3m to €3.2m
of which Land and buildings: -€88,141
- Other debts +€339,205
up €339,205 (+307%), from €110,365 to €449,570
- Debts after one year -€336,089
down €336,089 (-11.8%), from €2.9m to €2.5m
- Reserves +€216,335
up €216,335 (+6.3%), from €3.4m to €3.7m
of which Distributable reserves: +€219,069
- Depreciation -€206,968
down €206,968 (-58.1%), from €356,139 to €149,172
- Gross operating margin -€170,620
down €170,620 (-13.3%), from €1.3m to €1.1m
- Taxes +€71,326
up €71,326 (+33.7%), from €211,913 to €283,238
- Financial income +€19,008
up €19,008 (+139%), from €13,695 to €32,702
- Financial charges +€17,334
up €17,334 (+28.1%), from €61,631 to €78,965
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 | €6,819,973 | €7,144,906 | +€324,933 | +4.8% |
| Fixed assets | 21/28 | €5,606,481 | €5,524,253 | -€82,228 | -1.5% |
| Tangible fixed assets | 22/27 | €3,315,897 | €3,233,669 | -€82,228 | -2.5% |
| Land and buildings | 22 | €3,210,036 | €3,121,896 | -€88,141 | -2.7% |
| Plant, machinery and equipment | 23 | €3,329 | €34,720 | +€31,391 | +943% |
| Furniture and vehicles | 24 | €102,531 | €77,053 | -€25,478 | -24.8% |
| Financial fixed assets | 28 | €2,290,584 | €2,290,584 | = | 0.0% |
| Current assets | 29/58 | €1,213,492 | €1,620,653 | +€407,161 | +33.6% |
| Amounts receivable within one year | 40/41 | €1,092,407 | €1,353,131 | +€260,724 | +23.9% |
| Trade receivables | 40 | €478 | €729,491 | +€729,012 | +152,395% |
| Other amounts receivable | 41 | €1,091,929 | €623,641 | -€468,288 | -42.9% |
| Cash at bank and in hand | 54/58 | €118,140 | €264,568 | +€146,428 | +124% |
| Deferred charges and accrued income | 490/1 | €2,945 | €2,955 | +€9 | +0.3% |
| Total equity and liabilities | 10/49 | €6,819,973 | €7,144,906 | +€324,933 | +4.8% |
| Equity | 10/15 | €3,473,919 | €3,690,254 | +€216,335 | +6.2% |
| Contributions | 10/11 | €27,500 | €27,500 | = | 0.0% |
| Reserves | 13 | €3,446,419 | €3,662,754 | +€216,335 | +6.3% |
| Tax-exempt reserves | 132 | €60,103 | €57,368 | -€2,735 | -4.6% |
| Distributable reserves | 133 | €3,386,316 | €3,605,385 | +€219,069 | +6.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €25,465 | €24,056 | -€1,408 | -5.5% |
| Deferred taxes | 168 | €25,465 | €24,056 | -€1,408 | -5.5% |
| Amounts payable | 17/49 | €3,320,589 | €3,430,596 | +€110,007 | +3.3% |
| Amounts payable after more than one year | 17 | €2,851,102 | €2,515,013 | -€336,089 | -11.8% |
| Financial debts | 170/4 | €2,851,102 | €2,515,013 | -€336,089 | -11.8% |
| Amounts payable within one year | 42/48 | €455,865 | €903,973 | +€448,108 | +98.3% |
| Current portion of amounts payable after more than one year | 42 | €298,556 | €349,379 | +€50,823 | +17.0% |
| Trade debts | 44 | €2,420 | €12,351 | +€9,932 | +410% |
| Suppliers | 440/4 | €2,420 | €12,351 | +€9,932 | +410% |
| Taxes, remuneration and social security | 45 | €44,525 | €92,672 | +€48,148 | +108% |
| Taxes | 450/3 | €44,525 | €92,672 | +€48,148 | +108% |
| Other amounts payable | 47/48 | €110,365 | €449,570 | +€339,205 | +307% |
| Accrued charges and deferred income | 492/3 | €13,622 | €11,610 | -€2,012 | -14.8% |
| Non-recurring operating income | 76A | €9,502 | €0 | -€9,502 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €356,139 | €149,172 | -€206,968 | -58.1% |
| Other operating charges | 640/8 | €11,579 | €14,512 | +€2,934 | +25.3% |
| Non-recurring operating charges | 66A | - | €2,559 | +€2,559 | |
| Gross operating margin | 9900 | €1,281,290 | €1,110,671 | -€170,620 | -13.3% |
| Operating profit (loss) | 9901 | €913,572 | €944,428 | +€30,855 | +3.4% |
| Financial income | 75/76B | €13,695 | €32,702 | +€19,008 | +139% |
| Recurring financial income | 75 | €13,695 | €32,702 | +€19,008 | +139% |
| Financial charges | 65/66B | €61,631 | €78,965 | +€17,334 | +28.1% |
| Recurring financial charges | 65 | €61,631 | €78,965 | +€17,334 | +28.1% |
| Profit (loss) for the period before taxes | 9903 | €865,636 | €898,165 | +€32,529 | +3.8% |
| Transfer from deferred taxes | 780 | €1,408 | €1,408 | = | 0.0% |
| Income taxes | 67/77 | €211,913 | €283,238 | +€71,326 | +33.7% |
| Profit (loss) for the period | 9904 | €655,131 | €616,335 | -€38,797 | -5.9% |
| Transfer from tax-exempt reserves | 789 | €2,735 | €2,735 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €657,866 | €619,069 | -€38,797 | -5.9% |
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 24 October 2026 via checked.be.