Immo Concept SteVal: 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.
Immo Concept SteVal
Largest movements
- Tangible fixed assets +€27,776
up €27,776 (+229.0%), from €12,131 to €39,907
of which Land and buildings: +€35,254
- Receivables within one year -€22,210
down €22,210 (-70.7%), from €31,407 to €9,198
of which Other amounts receivable: -€27,704
- Cash -€20,934
down €20,934 (-83.7%), from €25,021 to €4,086
mainly Investment in fixed assets (net) (-€34,500) and Trade debts (-€25,176)
- Stocks and contracts -€8,483
down €8,483 (-96.3%), from €8,811 to €328
of which Contracts in progress: -€7,500
- Deferred charges and accrued income -€7,205
down €7,205 (-89.6%), from €8,040 to €835
- Trade debts -€25,176
down €25,176 (-93.6%), from €26,891 to €1,715
- Debts after one year -€23,890
down €23,890 (-76.2%), from €31,371 to €7,481
- Profit (loss) carried forward +€22,482
up €22,482 (+44.9%), from -€50,052 to -€27,570
- Other debts +€17,971
new in 2025: €17,971
- Tax, wage and social debts -€11,855
down €11,855 (-89.0%), from €13,317 to €1,462
of which Remuneration and social security: -€6,785
- Staff costs -€98,458
down €98,458 (-41.0%), from €240,255 to €141,796
- Gross operating margin -€62,362
down €62,362 (-26.0%), from €240,291 to €177,929
- Financial income -€3,945
down €3,945 (-92.6%), from €4,261 to €316
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €85,410 | €54,354 | -€31,057 | -36.4% |
| Fixed assets | 21/28 | €12,131 | €39,907 | +€27,776 | +229.0% |
| Tangible fixed assets | 22/27 | €12,131 | €39,907 | +€27,776 | +229.0% |
| Land and buildings | 22 | - | €35,254 | +€35,254 | |
| Plant, machinery and equipment | 23 | €2,483 | €4,515 | +€2,032 | +81.8% |
| Furniture and vehicles | 24 | €9,648 | €138 | -€9,510 | -98.6% |
| Current assets | 29/58 | €73,280 | €14,447 | -€58,833 | -80.3% |
| Stocks and contracts in progress | 3 | €8,811 | €328 | -€8,483 | -96.3% |
| Stocks | 30/36 | €1,311 | €328 | -€983 | -75.0% |
| Contracts in progress | 37 | €7,500 | - | -€7,500 | |
| Amounts receivable within one year | 40/41 | €31,407 | €9,198 | -€22,210 | -70.7% |
| Trade receivables | 40 | €2,859 | €8,354 | +€5,495 | +192.2% |
| Other amounts receivable | 41 | €28,548 | €844 | -€27,704 | -97.0% |
| Cash at bank and in hand | 54/58 | €25,021 | €4,086 | -€20,934 | -83.7% |
| Deferred charges and accrued income | 490/1 | €8,040 | €835 | -€7,205 | -89.6% |
| Total equity and liabilities | 10/49 | €85,410 | €54,354 | -€31,057 | -36.4% |
| Equity | 10/15 | -€1,239 | €21,242 | +€22,482 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €30,212 | €30,212 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €28,352 | €28,352 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,052 | -€27,570 | +€22,482 | +44.9% |
| Amounts payable | 17/49 | €86,650 | €33,111 | -€53,538 | -61.8% |
| Amounts payable after more than one year | 17 | €31,371 | €7,481 | -€23,890 | -76.2% |
| Financial debts | 170/4 | €31,371 | €7,481 | -€23,890 | -76.2% |
| Amounts payable within one year | 42/48 | €54,849 | €25,622 | -€29,227 | -53.3% |
| Current portion of amounts payable after more than one year | 42 | €14,641 | €4,474 | -€10,167 | -69.4% |
| Trade debts | 44 | €26,891 | €1,715 | -€25,176 | -93.6% |
| Suppliers | 440/4 | €26,891 | €1,715 | -€25,176 | -93.6% |
| Taxes, remuneration and social security | 45 | €13,317 | €1,462 | -€11,855 | -89.0% |
| Taxes | 450/3 | €5,705 | €635 | -€5,070 | -88.9% |
| Remuneration and social security | 454/9 | €7,612 | €827 | -€6,785 | -89.1% |
| Other amounts payable | 47/48 | - | €17,971 | +€17,971 | |
| Accrued charges and deferred income | 492/3 | €430 | €9 | -€421 | -98.0% |
| Remuneration, social security and pensions | 62 | €240,255 | €141,796 | -€98,458 | -41.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,854 | €6,724 | -€130 | -1.9% |
| Other operating charges | 640/8 | €1,808 | €1,961 | +€153 | +8.5% |
| Gross operating margin | 9900 | €240,291 | €177,929 | -€62,362 | -26.0% |
| Operating profit (loss) | 9901 | -€8,625 | €27,447 | +€36,073 | |
| Financial income | 75/76B | €4,261 | €316 | -€3,945 | -92.6% |
| Recurring financial income | 75 | €4,261 | €316 | -€3,945 | -92.6% |
| Financial charges | 65/66B | €6,493 | €5,013 | -€1,480 | -22.8% |
| Recurring financial charges | 65 | €6,493 | €5,013 | -€1,480 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,857 | €22,751 | +€33,608 | |
| Income taxes | 67/77 | €270 | €269 | -€1 | -0.3% |
| Profit (loss) for the period | 9904 | -€11,128 | €22,482 | +€33,609 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,128 | €22,482 | +€33,609 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.