Stephenson Immo: 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.
Stephenson Immo
Largest movements
- Tangible fixed assets -€448,199
down €448,199 (-5.7%), from €7.9m to €7.5m
of which Land and buildings: -€463,172
- Current investments +€250,000
new in 2024: €250,000
- Cash +€83,603
up €83,603 (+227%), from €36,848 to €120,451
mainly Net result for the year (+€497,856) and Depreciation (+€469,240)
- Current portion of long-term debt -€537,359
down €537,359 (-12.4%), from €4.3m to €3.8m
- Profit (loss) carried forward +€497,856
up €497,856 (+44.9%), from -€1.1m to -€611,931
- Debts after one year -€175,080
down €175,080 (-28.0%), from €624,601 to €449,521
- Gross operating margin +€43,166
up €43,166 (+4.0%), from €1.1m to €1.1m
- Financial charges -€28,980
down €28,980 (-21.4%), from €135,292 to €106,312
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
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,040,984 | €7,847,316 | -€193,668 | -2.4% |
| Fixed assets | 21/28 | €7,922,462 | €7,474,263 | -€448,199 | -5.7% |
| Tangible fixed assets | 22/27 | €7,922,462 | €7,474,263 | -€448,199 | -5.7% |
| Land and buildings | 22 | €7,892,770 | €7,429,597 | -€463,172 | -5.9% |
| Plant, machinery and equipment | 23 | €29,692 | €44,666 | +€14,974 | +50.4% |
| Current assets | 29/58 | €118,522 | €373,054 | +€254,531 | +215% |
| Amounts receivable within one year | 40/41 | €1,333 | €2,603 | +€1,270 | +95.3% |
| Other amounts receivable | 41 | €1,333 | €2,603 | +€1,270 | +95.3% |
| Current investments | 50/53 | - | €250,000 | +€250,000 | |
| Cash at bank and in hand | 54/58 | €36,848 | €120,451 | +€83,603 | +227% |
| Deferred charges and accrued income | 490/1 | €80,341 | - | -€80,341 | |
| Total equity and liabilities | 10/49 | €8,040,984 | €7,847,316 | -€193,668 | -2.4% |
| Equity | 10/15 | €3,062,213 | €3,560,069 | +€497,856 | +16.3% |
| Contributions | 10/11 | €4,172,000 | €4,172,000 | = | 0.0% |
| Capital | 10 | €4,172,000 | €4,172,000 | = | 0.0% |
| Issued capital | 100 | €4,172,000 | €4,172,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,109,787 | -€611,931 | +€497,856 | +44.9% |
| Amounts payable | 17/49 | €4,978,771 | €4,287,248 | -€691,523 | -13.9% |
| Amounts payable after more than one year | 17 | €624,601 | €449,521 | -€175,080 | -28.0% |
| Financial debts | 170/4 | €624,601 | €449,521 | -€175,080 | -28.0% |
| Amounts payable within one year | 42/48 | €4,354,170 | €3,837,727 | -€516,443 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €4,339,039 | €3,801,680 | -€537,359 | -12.4% |
| Trade debts | 44 | €406 | €20,925 | +€20,519 | +5,054% |
| Suppliers | 440/4 | €406 | €20,925 | +€20,519 | +5,054% |
| Other amounts payable | 47/48 | €14,725 | €15,122 | +€397 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €467,574 | €469,240 | +€1,666 | +0.4% |
| Other operating charges | 640/8 | €60,115 | €62,511 | +€2,396 | +4.0% |
| Gross operating margin | 9900 | €1,088,512 | €1,131,677 | +€43,166 | +4.0% |
| Operating profit (loss) | 9901 | €560,822 | €599,926 | +€39,104 | +7.0% |
| Financial income | 75/76B | €4,443 | €4,241 | -€202 | -4.5% |
| Recurring financial income | 75 | €4,443 | €4,232 | -€211 | -4.7% |
| Non-recurring financial income | 76B | - | €9 | +€9 | |
| Financial charges | 65/66B | €135,292 | €106,312 | -€28,980 | -21.4% |
| Recurring financial charges | 65 | €135,292 | €106,312 | -€28,980 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €429,973 | €497,856 | +€67,882 | +15.8% |
| Profit (loss) for the period | 9904 | €429,973 | €497,856 | +€67,882 | +15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €429,973 | €497,856 | +€67,882 | +15.8% |
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 16 October 2026 via checked.be.