Stephanie Square Centre: 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.
Stephanie Square Centre
Largest movements
- Receivables within one year -€580,597
down €580,597 (-62.1%), from €934,291 to €353,694
- Deferred charges and accrued income +€25,182
up €25,182 (+16.7%), from €150,578 to €175,760
- Profit (loss) carried forward -€777,595
down €777,595 (-26.1%), from -€3.0m to -€3.8m
- Other debts +€449,862
up €449,862 (+14.0%), from €3.2m to €3.7m
- Trade debts -€286,345
down €286,345 (-76.1%), from €376,163 to €89,818
- Accrued charges and deferred income +€107,139
up €107,139 (+29.1%), from €367,603 to €474,742
- Tax, wage and social debts -€48,477
down €48,477 (-65.4%), from €74,092 to €25,615
- Gross operating margin -€690,769
down €690,769 (-1,021%), from -€67,683 to -€758,452
- Turnover -€671,922
down €671,922 (-41.2%), from €1.6m to €960,178
- Purchases and services -€151,380
down €151,380 (-8.1%), from €1.9m to €1.7m
- Write-downs +€17,377
new in 2024: €17,377
From the 2023 result to the 2024 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,084,869 | €529,454 | -€555,416 | -51.2% |
| Current assets | 29/58 | €1,084,869 | €529,454 | -€555,416 | -51.2% |
| Amounts receivable within one year | 40/41 | €934,291 | €353,694 | -€580,597 | -62.1% |
| Other amounts receivable | 41 | €934,291 | €353,694 | -€580,597 | -62.1% |
| Deferred charges and accrued income | 490/1 | €150,578 | €175,760 | +€25,182 | +16.7% |
| Total equity and liabilities | 10/49 | €1,084,869 | €529,454 | -€555,416 | -51.2% |
| Equity | 10/15 | -€2,953,539 | -€3,731,133 | -€777,595 | -26.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,973,944 | -€3,751,538 | -€777,595 | -26.1% |
| Amounts payable | 17/49 | €4,038,408 | €4,260,587 | +€222,179 | +5.5% |
| Amounts payable within one year | 42/48 | €3,670,805 | €3,785,845 | +€115,040 | +3.1% |
| Trade debts | 44 | €376,163 | €89,818 | -€286,345 | -76.1% |
| Suppliers | 440/4 | €376,163 | €89,818 | -€286,345 | -76.1% |
| Taxes, remuneration and social security | 45 | €74,092 | €25,615 | -€48,477 | -65.4% |
| Taxes | 450/3 | €74,092 | €25,615 | -€48,477 | -65.4% |
| Other amounts payable | 47/48 | €3,220,550 | €3,670,411 | +€449,862 | +14.0% |
| Accrued charges and deferred income | 492/3 | €367,603 | €474,742 | +€107,139 | +29.1% |
| Turnover | 70 | €1,632,100 | €960,178 | -€671,922 | -41.2% |
| Non-recurring operating income | 76A | €170,227 | - | -€170,227 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,870,010 | €1,718,630 | -€151,380 | -8.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €17,377 | +€17,377 | |
| Other operating charges | 640/8 | €467 | - | -€467 | |
| Gross operating margin | 9900 | -€67,683 | -€758,452 | -€690,769 | -1,021% |
| Operating profit (loss) | 9901 | -€68,150 | -€775,829 | -€707,679 | -1,038% |
| Financial charges | 65/66B | €111 | €1,765 | +€1,655 | +1,493% |
| Recurring financial charges | 65 | €111 | €1,765 | +€1,655 | +1,493% |
| Profit (loss) for the period before taxes | 9903 | -€68,261 | -€777,595 | -€709,334 | -1,039% |
| Profit (loss) for the period | 9904 | -€68,261 | -€777,595 | -€709,334 | -1,039% |
| Profit (loss) for the period to be appropriated | 9905 | -€68,261 | -€777,595 | -€709,334 | -1,039% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.