IMMO STEYLAERTS: 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
IMMO STEYLAERTS
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€215,209
2024 · €750,086-€534,877
Equity
€11.9m
2024 · €11.7m+€215,209
Cash
€70,370
2024 · €101,228-€30,858
Balance sheet total
€20.9m
2024 · €21.4m-€487,284
Largest movements
Assets
- Tangible fixed assets -€406,773
down €406,773 (-3.6%), from €11.2m to €10.8m
Equity and liabilities
- Debts after one year -€348,000
down €348,000 (-4.3%), from €8.2m to €7.8m
of which Financial debts: -€348,000
- Other debts -€340,386
down €340,386 (-67.3%), from €505,719 to €165,333
- Reserves +€215,209
up €215,209 (+4.7%), from €4.6m to €4.8m
of which Distributable reserves: +€215,209
Income statement
- Financial income -€577,088
down €577,088 (-96.3%), from €599,045 to €21,957
- Financial charges -€35,999
down €35,999 (-14.6%), from €246,672 to €210,673
- Turnover +€30,198
up €30,198 (+3.5%), from €855,128 to €885,326
- Taxes +€20,001
up €20,001 (+39.7%), from €50,349 to €70,350
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
€750,086
Turnover
+€30,198
Other operating income
+€1,870
Services and other goods
-€3,159
Other operating charges
-€2,695
Financial income
-€577,088
Financial charges
+€35,999
Taxes
-€20,001
Result 2025
€215,209
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
+€354,947
Investment
€0
Financing
-€385,804
Cash 2024
€101,228
From operations (derived)
+€354,947
Net result for the year
+€215,209
Depreciation
+€406,773
Receivables within one year
+€49,653
Tax, wage and social debts
+€19,309
Other debts
-€340,386
Accrued charges and deferred income
+€4,388
Financing
-€385,804
Debts after one year
-€348,000
Current portion of long-term debt
-€4,000
Short-term financial debts
-€33,804
Cash 2025
€70,370
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,355,950 | €20,868,666 | -€487,284 | -2.3% |
| Fixed assets | 21/28 | €21,205,069 | €20,798,296 | -€406,773 | -1.9% |
| Tangible fixed assets | 22/27 | €11,220,569 | €10,813,796 | -€406,773 | -3.6% |
| Land and buildings | 22 | €11,220,569 | €10,813,796 | -€406,773 | -3.6% |
| Financial fixed assets | 28 | €9,984,500 | €9,984,500 | = | 0.0% |
| Affiliated companies | 280/1 | €9,984,500 | €9,984,500 | = | 0.0% |
| Participating interests | 280 | €9,984,500 | €9,984,500 | = | 0.0% |
| Current assets | 29/58 | €150,881 | €70,370 | -€80,510 | -53.4% |
| Amounts receivable within one year | 40/41 | €49,653 | - | -€49,653 | |
| Other amounts receivable | 41 | €49,653 | - | -€49,653 | |
| Cash at bank and in hand | 54/58 | €101,228 | €70,370 | -€30,858 | -30.5% |
| Total equity and liabilities | 10/49 | €21,355,950 | €20,868,666 | -€487,284 | -2.3% |
| Equity | 10/15 | €11,674,813 | €11,890,022 | +€215,209 | +1.8% |
| Contributions | 10/11 | €7,088,000 | €7,088,000 | = | 0.0% |
| Capital | 10 | €7,088,000 | €7,088,000 | = | 0.0% |
| Issued capital | 100 | €7,088,000 | €7,088,000 | = | 0.0% |
| Reserves | 13 | €4,586,813 | €4,802,022 | +€215,209 | +4.7% |
| Non-distributable reserves | 130/1 | €708,800 | €708,800 | = | 0.0% |
| Legal reserve | 130 | €708,800 | €708,800 | = | 0.0% |
| Distributable reserves | 133 | €3,878,013 | €4,093,222 | +€215,209 | +5.5% |
| Amounts payable | 17/49 | €9,681,137 | €8,978,644 | -€702,493 | -7.3% |
| Amounts payable after more than one year | 17 | €8,165,000 | €7,817,000 | -€348,000 | -4.3% |
| Financial debts | 170/4 | €8,048,000 | €7,700,000 | -€348,000 | -4.3% |
| Credit institutions | 173 | €4,450,000 | €3,850,000 | -€600,000 | -13.5% |
| Other loans | 174 | €3,598,000 | €3,850,000 | +€252,000 | +7.0% |
| Other amounts payable | 178/9 | €117,000 | €117,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,445,091 | €1,086,210 | -€358,881 | -24.8% |
| Current portion of amounts payable after more than one year | 42 | €852,000 | €848,000 | -€4,000 | -0.5% |
| Financial debts | 43 | €33,804 | - | -€33,804 | |
| Credit institutions | 430/8 | €33,804 | - | -€33,804 | |
| Trade debts | 44 | €2,529 | €2,529 | = | 0.0% |
| Suppliers | 440/4 | €2,529 | €2,529 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €51,039 | €70,348 | +€19,309 | +37.8% |
| Taxes | 450/3 | €51,039 | €70,348 | +€19,309 | +37.8% |
| Other amounts payable | 47/48 | €505,719 | €165,333 | -€340,386 | -67.3% |
| Accrued charges and deferred income | 492/3 | €71,046 | €75,434 | +€4,388 | +6.2% |
| Operating income | 70/76A | €945,161 | €977,229 | +€32,067 | +3.4% |
| Turnover | 70 | €855,128 | €885,326 | +€30,198 | +3.5% |
| Other operating income | 74 | €90,033 | €91,903 | +€1,870 | +2.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €497,099 | €502,954 | +€5,855 | +1.2% |
| Services and other goods | 61 | €0 | €3,159 | +€3,159 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €406,773 | €406,773 | = | 0.0% |
| Other operating charges | 640/8 | €90,326 | €93,021 | +€2,695 | +3.0% |
| Operating profit (loss) | 9901 | €448,062 | €474,275 | +€26,213 | +5.9% |
| Financial income | 75/76B | €599,045 | €21,957 | -€577,088 | -96.3% |
| Recurring financial income | 75 | €599,045 | €21,957 | -€577,088 | -96.3% |
| Income from financial fixed assets | 750 | €599,045 | €21,957 | -€577,088 | -96.3% |
| Financial charges | 65/66B | €246,672 | €210,673 | -€35,999 | -14.6% |
| Recurring financial charges | 65 | €246,672 | €210,673 | -€35,999 | -14.6% |
| Debt charges | 650 | €246,672 | €210,673 | -€35,999 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €800,435 | €285,559 | -€514,876 | -64.3% |
| Income taxes | 67/77 | €50,349 | €70,350 | +€20,001 | +39.7% |
| Taxes | 670/3 | €50,349 | €70,350 | +€20,001 | +39.7% |
| Profit (loss) for the period | 9904 | €750,086 | €215,209 | -€534,877 | -71.3% |
| Profit (loss) for the period to be appropriated | 9905 | €750,086 | €215,209 | -€534,877 | -71.3% |
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 3 October 2026 via checked.be.