DE STEENAKKER: 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.
What changed
DE STEENAKKER
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€103,579
2024 · €116,312-€12,733
Equity
€2.6m
2024 · €2.5m+€103,579
Cash
€11,522
2024 · €0+€11,522
Balance sheet total
€5.0m
2024 · €5.7m-€730,104
Largest movements
Assets
- Receivables within one year -€729,967
down €729,967 (-91.2%), from €800,252 to €70,285
of which Other amounts receivable: -€499,642
Equity and liabilities
- Other debts -€754,250
down €754,250 (-34.5%), from €2.2m to €1.4m
- Debts after one year -€199,156
down €199,156 (-23.4%), from €851,760 to €652,605
- Profit (loss) carried forward +€103,579
up €103,579, from €0 to €103,579
- Accrued charges and deferred income +€80,372
new in 2025: €80,372
Income statement
- Taxes +€36,514
up €36,514 (+3,206%), from €1,139 to €37,653
- Gross operating margin +€26,145
up €26,145 (+11.0%), from €236,682 to €262,827
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
€116,312
Gross operating margin
+€26,145
Other operating charges
+€58
Financial income
-€58
Financial charges
-€2,364
Taxes
-€36,514
Result 2025
€103,579
raises the resultlowers the result
Derived cash bridge
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
+€179,763
Investment
€0
Financing
-€168,241
Cash 2024
€0
From operations (derived)
+€179,763
Net result for the year
+€103,579
Depreciation
+€11,578
Receivables within one year
+€729,967
Smaller working-capital items
+€1,947
Tax, wage and social debts
+€6,571
Other debts
-€754,250
Accrued charges and deferred income
+€80,372
Financing
-€168,241
Debts after one year
-€199,156
Current portion of long-term debt
+€35,821
Short-term financial debts
-€4,906
Cash 2025
€11,522
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,743,465 | €5,013,361 | -€730,104 | -12.7% |
| Fixed assets | 21/28 | €4,941,520 | €4,929,943 | -€11,578 | -0.2% |
| Tangible fixed assets | 22/27 | €41,520 | €29,943 | -€11,578 | -27.9% |
| Furniture and vehicles | 24 | €41,520 | €29,943 | -€11,578 | -27.9% |
| Financial fixed assets | 28 | €4,900,000 | €4,900,000 | = | 0.0% |
| Current assets | 29/58 | €801,944 | €83,418 | -€718,526 | -89.6% |
| Amounts receivable within one year | 40/41 | €800,252 | €70,285 | -€729,967 | -91.2% |
| Trade receivables | 40 | €263,525 | €33,200 | -€230,325 | -87.4% |
| Other amounts receivable | 41 | €536,727 | €37,085 | -€499,642 | -93.1% |
| Cash at bank and in hand | 54/58 | €0 | €11,522 | +€11,522 | |
| Deferred charges and accrued income | 490/1 | €1,693 | €1,611 | -€82 | -4.8% |
| Total equity and liabilities | 10/49 | €5,743,465 | €5,013,361 | -€730,104 | -12.7% |
| Equity | 10/15 | €2,504,150 | €2,607,729 | +€103,579 | +4.1% |
| Contributions | 10/11 | €2,456,000 | €2,456,000 | = | 0.0% |
| Reserves | 13 | €48,150 | €48,150 | = | 0.0% |
| Distributable reserves | 133 | €48,150 | €48,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €103,579 | +€103,579 | |
| Amounts payable | 17/49 | €3,239,314 | €2,405,632 | -€833,683 | -25.7% |
| Amounts payable after more than one year | 17 | €851,760 | €652,605 | -€199,156 | -23.4% |
| Financial debts | 170/4 | €851,760 | €652,605 | -€199,156 | -23.4% |
| Amounts payable within one year | 42/48 | €2,387,554 | €1,672,655 | -€714,899 | -29.9% |
| Current portion of amounts payable after more than one year | 42 | €193,335 | €229,156 | +€35,821 | +18.5% |
| Financial debts | 43 | €4,906 | - | -€4,906 | |
| Credit institutions | 430/8 | €4,906 | - | -€4,906 | |
| Trade debts | 44 | €294 | €2,159 | +€1,865 | +634% |
| Suppliers | 440/4 | €294 | €2,159 | +€1,865 | +634% |
| Taxes, remuneration and social security | 45 | €3,969 | €10,540 | +€6,571 | +166% |
| Taxes | 450/3 | €3,969 | €10,540 | +€6,571 | +166% |
| Other amounts payable | 47/48 | €2,185,050 | €1,430,800 | -€754,250 | -34.5% |
| Accrued charges and deferred income | 492/3 | - | €80,372 | +€80,372 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,578 | €11,578 | = | 0.0% |
| Other operating charges | 640/8 | €1,023 | €964 | -€58 | -5.7% |
| Gross operating margin | 9900 | €236,682 | €262,827 | +€26,145 | +11.0% |
| Operating profit (loss) | 9901 | €224,082 | €250,286 | +€26,203 | +11.7% |
| Financial income | 75/76B | €60 | €1 | -€58 | -97.7% |
| Recurring financial income | 75 | €60 | €1 | -€58 | -97.7% |
| Financial charges | 65/66B | €106,691 | €109,055 | +€2,364 | +2.2% |
| Recurring financial charges | 65 | €106,691 | €109,055 | +€2,364 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €117,451 | €141,232 | +€23,781 | +20.2% |
| Income taxes | 67/77 | €1,139 | €37,653 | +€36,514 | +3,206% |
| Profit (loss) for the period | 9904 | €116,312 | €103,579 | -€12,733 | -10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €116,312 | €103,579 | -€12,733 | -10.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.