STAPIMMO: what changed
What changed
STAPIMMO
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
€195,503
2024 · €23,349+€172,155
Equity
€223,115
2024 · €27,612+€195,503
Cash
€3,178
2024 · €2,470+€708
Balance sheet total
€2.8m
2024 · €3.0m-€156,738
Largest movements
Assets
- Tangible fixed assets -€148,726
down €148,726 (-5.1%), from €2.9m to €2.8m
of which Land and buildings: -€257,123
Equity and liabilities
- Profit (loss) carried forward +€211,863
up €211,863 (+57.5%), from -€368,686 to -€156,823
- Other debts -€173,687
down €173,687 (-13.1%), from €1.3m to €1.1m
- Short-term financial debts -€160,577
down €160,577 (-10.3%), from €1.6m to €1.4m
Income statement
- Gross operating margin +€181,955
up €181,955 (+84.8%), from €214,654 to €396,609
- Financial charges +€7,546
up €7,546 (+10.7%), from €70,341 to €77,887
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€23,349
Gross operating margin
+€181,955
Depreciation
-€1,924
Other operating charges
-€293
Financial income
-€38
Financial charges
-€7,546
Result 2025
€195,503
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€110,207
Investment
+€51,078
Financing
-€160,577
Cash 2024
€2,470
From operations (derived)
+€110,207
Net result for the year
+€195,503
Depreciation
+€97,649
Receivables within one year
+€8,719
Trade debts
-€9,587
Tax, wage and social debts
-€848
Other debts
-€173,687
Accrued charges and deferred income
-€7,542
Investment (derived)
+€51,078
Investment in fixed assets (net)
+€51,078
Financing
-€160,577
Short-term financial debts
-€160,577
Cash 2025
€3,178
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,951,790 | €2,795,052 | -€156,738 | -5.3% |
| Fixed assets | 21/28 | €2,928,847 | €2,780,121 | -€148,726 | -5.1% |
| Tangible fixed assets | 22/27 | €2,928,847 | €2,780,121 | -€148,726 | -5.1% |
| Land and buildings | 22 | €2,907,448 | €2,650,325 | -€257,123 | -8.8% |
| Plant, machinery and equipment | 23 | €21,400 | €129,796 | +€108,397 | +507% |
| Current assets | 29/58 | €22,943 | €14,931 | -€8,011 | -34.9% |
| Amounts receivable within one year | 40/41 | €20,473 | €11,754 | -€8,719 | -42.6% |
| Trade receivables | 40 | €20,473 | €11,347 | -€9,126 | -44.6% |
| Other amounts receivable | 41 | - | €407 | +€407 | |
| Cash at bank and in hand | 54/58 | €2,470 | €3,178 | +€708 | +28.6% |
| Total equity and liabilities | 10/49 | €2,951,790 | €2,795,052 | -€156,738 | -5.3% |
| Equity | 10/15 | €27,612 | €223,115 | +€195,503 | +708% |
| Contributions | 10/11 | €61,600 | €61,600 | = | 0.0% |
| Capital | 10 | €61,600 | €61,600 | = | 0.0% |
| Issued capital | 100 | €61,600 | €61,600 | = | 0.0% |
| Reserves | 13 | €334,698 | €318,338 | -€16,360 | -4.9% |
| Non-distributable reserves | 130/1 | €6,160 | €6,160 | = | 0.0% |
| Legal reserve | 130 | €6,160 | €6,160 | = | 0.0% |
| Tax-exempt reserves | 132 | €326,538 | €310,178 | -€16,360 | -5.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€368,686 | -€156,823 | +€211,863 | +57.5% |
| Amounts payable | 17/49 | €2,924,178 | €2,571,937 | -€352,241 | -12.0% |
| Amounts payable within one year | 42/48 | €2,899,258 | €2,554,559 | -€344,699 | -11.9% |
| Financial debts | 43 | €1,563,919 | €1,403,342 | -€160,577 | -10.3% |
| Credit institutions | 430/8 | €1,563,919 | €1,403,342 | -€160,577 | -10.3% |
| Trade debts | 44 | €9,587 | - | -€9,587 | |
| Suppliers | 440/4 | €9,587 | - | -€9,587 | |
| Taxes, remuneration and social security | 45 | €4,904 | €4,057 | -€848 | -17.3% |
| Taxes | 450/3 | €4,904 | €4,057 | -€848 | -17.3% |
| Other amounts payable | 47/48 | €1,320,847 | €1,147,160 | -€173,687 | -13.1% |
| Accrued charges and deferred income | 492/3 | €24,919 | €17,378 | -€7,542 | -30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,725 | €97,649 | +€1,924 | +2.0% |
| Other operating charges | 640/8 | €25,277 | €25,570 | +€293 | +1.2% |
| Gross operating margin | 9900 | €214,654 | €396,609 | +€181,955 | +84.8% |
| Operating profit (loss) | 9901 | €93,652 | €273,391 | +€179,738 | +192% |
| Financial income | 75/76B | €38 | - | -€38 | |
| Recurring financial income | 75 | €38 | - | -€38 | |
| Financial charges | 65/66B | €70,341 | €77,887 | +€7,546 | +10.7% |
| Recurring financial charges | 65 | €70,341 | €77,887 | +€7,546 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | €23,349 | €195,503 | +€172,155 | +737% |
| Profit (loss) for the period | 9904 | €23,349 | €195,503 | +€172,155 | +737% |
| Transfer from tax-exempt reserves | 789 | €16,360 | €16,360 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,709 | €211,863 | +€172,155 | +434% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.