IMMO STEPHAN DESTROOPER: 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 STEPHAN DESTROOPER
Largest movements
- Cash +€280,950
up €280,950 (+3524.6%), from €7,971 to €288,921
mainly Short-term financial debts (+€304,226) and Depreciation (+€142,413)
- Tangible fixed assets -€142,663
down €142,663 (-5.0%), from €2.9m to €2.7m
of which Land and buildings: -€130,211
- Short-term financial debts +€304,226
new in 2025: €304,226
- Debts after one year -€201,863
down €201,863 (-8.5%), from €2.4m to €2.2m
- Reserves +€98,257
up €98,257 (+23.5%), from €418,500 to €516,757
- Trade debts -€64,902
down €64,902 (-88.3%), from €73,531 to €8,629
- Gross operating margin +€57,321
up €57,321 (+22.7%), from €253,002 to €310,323
- Taxes +€26,669
up €26,669 (+10255.1%), from €260 to €26,929
- Depreciation +€17,509
up €17,509 (+14.0%), from €124,904 to €142,413
- Financial income -€3,890
down €3,890 (-62.7%), from €6,205 to €2,315
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 | €3,248,366 | €3,387,851 | +€139,485 | +4.3% |
| Fixed assets | 21/28 | €2,872,095 | €2,729,431 | -€142,663 | -5.0% |
| Tangible fixed assets | 22/27 | €2,872,095 | €2,729,431 | -€142,663 | -5.0% |
| Land and buildings | 22 | €2,813,388 | €2,683,177 | -€130,211 | -4.6% |
| Plant, machinery and equipment | 23 | €53,615 | €45,511 | -€8,104 | -15.1% |
| Furniture and vehicles | 24 | €5,091 | €743 | -€4,348 | -85.4% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €376,271 | €658,419 | +€282,148 | +75.0% |
| Amounts receivable after more than one year | 29 | €155,625 | €133,125 | -€22,500 | -14.5% |
| Other amounts receivable | 291 | €155,625 | €133,125 | -€22,500 | -14.5% |
| Amounts receivable within one year | 40/41 | €206,690 | €227,034 | +€20,344 | +9.8% |
| Trade receivables | 40 | €91,919 | €21,792 | -€70,127 | -76.3% |
| Other amounts receivable | 41 | €114,771 | €205,242 | +€90,471 | +78.8% |
| Cash at bank and in hand | 54/58 | €7,971 | €288,921 | +€280,950 | +3524.6% |
| Deferred charges and accrued income | 490/1 | €5,985 | €9,339 | +€3,354 | +56.0% |
| Total equity and liabilities | 10/49 | €3,248,366 | €3,387,851 | +€139,485 | +4.3% |
| Equity | 10/15 | €554,262 | €652,519 | +€98,257 | +17.7% |
| Contributions | 10/11 | €135,762 | €135,762 | = | 0.0% |
| Reserves | 13 | €418,500 | €516,757 | +€98,257 | +23.5% |
| Distributable reserves | 133 | €418,500 | €516,757 | +€98,257 | +23.5% |
| Amounts payable | 17/49 | €2,694,103 | €2,735,331 | +€41,228 | +1.5% |
| Amounts payable after more than one year | 17 | €2,384,785 | €2,182,922 | -€201,863 | -8.5% |
| Financial debts | 170/4 | €2,384,785 | €2,182,922 | -€201,863 | -8.5% |
| Amounts payable within one year | 42/48 | €308,699 | €550,578 | +€241,879 | +78.4% |
| Current portion of amounts payable after more than one year | 42 | €206,465 | €207,058 | +€593 | +0.3% |
| Financial debts | 43 | - | €304,226 | +€304,226 | |
| Credit institutions | 430/8 | - | €304,226 | +€304,226 | |
| Trade debts | 44 | €73,531 | €8,629 | -€64,902 | -88.3% |
| Suppliers | 440/4 | €73,531 | €8,629 | -€64,902 | -88.3% |
| Taxes, remuneration and social security | 45 | €11,654 | €19,654 | +€8,000 | +68.6% |
| Taxes | 450/3 | €3,654 | €17,654 | +€14,000 | +383.1% |
| Remuneration and social security | 454/9 | €8,000 | €2,000 | -€6,000 | -75.0% |
| Other amounts payable | 47/48 | €17,049 | €11,011 | -€6,038 | -35.4% |
| Accrued charges and deferred income | 492/3 | €619 | €1,831 | +€1,211 | +195.5% |
| Non-recurring operating income | 76A | €12,565 | €0 | -€12,565 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,904 | €142,413 | +€17,509 | +14.0% |
| Other operating charges | 640/8 | €6,709 | €8,677 | +€1,968 | +29.3% |
| Gross operating margin | 9900 | €253,002 | €310,323 | +€57,321 | +22.7% |
| Operating profit (loss) | 9901 | €121,390 | €159,233 | +€37,844 | +31.2% |
| Financial income | 75/76B | €6,205 | €2,315 | -€3,890 | -62.7% |
| Recurring financial income | 75 | €6,205 | €2,315 | -€3,890 | -62.7% |
| Financial charges | 65/66B | €38,524 | €36,362 | -€2,162 | -5.6% |
| Recurring financial charges | 65 | €38,524 | €36,362 | -€2,162 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €89,071 | €125,186 | +€36,116 | +40.5% |
| Income taxes | 67/77 | €260 | €26,929 | +€26,669 | +10255.1% |
| Profit (loss) for the period | 9904 | €88,810 | €98,257 | +€9,447 | +10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €88,810 | €98,257 | +€9,447 | +10.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.