De Steenboer: 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.
De Steenboer
Largest movements
- Receivables within one year +€230,510
up €230,510, from €0 to €230,510
of which Trade receivables: +€230,510
- Receivables after one year -€69,131
down €69,131 (-86.0%), from €80,341 to €11,210
- Cash -€14,222
down €14,222 (-100%), from €14,222 to €0
mainly Receivables within one year (-€230,510) and Debts after one year (-€31,804)
- Tangible fixed assets -€14,142
down €14,142 (-4.2%), from €334,134 to €319,992
of which Land and buildings: -€10,532
- Trade debts +€86,695
up €86,695 (+306%), from €28,286 to €114,981
- Other debts +€71,216
up €71,216 (+485%), from €14,688 to €85,905
- Debts after one year -€31,804
down €31,804 (-17.9%), from €178,071 to €146,267
- Tax, wage and social debts +€11,804
up €11,804 (+33.3%), from €35,406 to €47,210
of which Taxes: +€11,944
- Reserves -€6,597
down €6,597 (-5.3%), from €125,464 to €118,867
of which Distributable reserves: -€6,597
- Gross operating margin +€167,715
up €167,715, from -€50,338 to €117,377
- Staff costs -€15,417
down €15,417 (-18.4%), from €83,914 to €68,497
- Depreciation +€11,855
up €11,855 (+46.7%), from €25,381 to €37,236
- Taxes -€8,426
down €8,426 (-95.4%), from €8,829 to €403
- Other operating charges -€3,786
down €3,786 (-41.9%), from €9,037 to €5,251
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 | €476,261 | €609,071 | +€132,809 | +27.9% |
| Fixed assets | 21/28 | €341,698 | €325,906 | -€15,792 | -4.6% |
| Intangible fixed assets | 21 | €1,650 | €0 | -€1,650 | -100% |
| Tangible fixed assets | 22/27 | €334,134 | €319,992 | -€14,142 | -4.2% |
| Land and buildings | 22 | €294,838 | €284,306 | -€10,532 | -3.6% |
| Plant, machinery and equipment | 23 | - | €2,322 | +€2,322 | |
| Furniture and vehicles | 24 | €36,920 | €33,364 | -€3,556 | -9.6% |
| Other tangible fixed assets | 26 | €2,376 | - | -€2,376 | |
| Financial fixed assets | 28 | €5,914 | €5,914 | = | 0.0% |
| Current assets | 29/58 | €134,563 | €283,165 | +€148,602 | +110% |
| Amounts receivable after more than one year | 29 | €80,341 | €11,210 | -€69,131 | -86.0% |
| Other amounts receivable | 291 | €80,341 | €11,210 | -€69,131 | -86.0% |
| Amounts receivable within one year | 40/41 | €0 | €230,510 | +€230,510 | |
| Trade receivables | 40 | €0 | €230,510 | +€230,510 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €14,222 | €0 | -€14,222 | -100% |
| Deferred charges and accrued income | 490/1 | €40,000 | €41,446 | +€1,446 | +3.6% |
| Total equity and liabilities | 10/49 | €476,261 | €609,071 | +€132,809 | +27.9% |
| Equity | 10/15 | €187,437 | €180,840 | -€6,597 | -3.5% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €125,464 | €118,867 | -€6,597 | -5.3% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €119,266 | €112,669 | -€6,597 | -5.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €288,824 | €428,231 | +€139,407 | +48.3% |
| Amounts payable after more than one year | 17 | €178,071 | €146,267 | -€31,804 | -17.9% |
| Financial debts | 170/4 | €178,071 | €146,267 | -€31,804 | -17.9% |
| Amounts payable within one year | 42/48 | €110,392 | €281,964 | +€171,572 | +155% |
| Current portion of amounts payable after more than one year | 42 | €32,011 | €31,804 | -€208 | -0.6% |
| Financial debts | 43 | - | €2,064 | +€2,064 | |
| Credit institutions | 430/8 | - | €2,064 | +€2,064 | |
| Trade debts | 44 | €28,286 | €114,981 | +€86,695 | +306% |
| Suppliers | 440/4 | €28,286 | €114,981 | +€86,695 | +306% |
| Taxes, remuneration and social security | 45 | €35,406 | €47,210 | +€11,804 | +33.3% |
| Taxes | 450/3 | €22,715 | €34,658 | +€11,944 | +52.6% |
| Remuneration and social security | 454/9 | €12,691 | €12,552 | -€139 | -1.1% |
| Other amounts payable | 47/48 | €14,688 | €85,905 | +€71,216 | +485% |
| Accrued charges and deferred income | 492/3 | €362 | €0 | -€362 | -100% |
| Non-recurring operating income | 76A | €2,009 | €489 | -€1,520 | -75.7% |
| Remuneration, social security and pensions | 62 | €83,914 | €68,497 | -€15,417 | -18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,381 | €37,236 | +€11,855 | +46.7% |
| Other operating charges | 640/8 | €9,037 | €5,251 | -€3,786 | -41.9% |
| Operating charges capitalised as restructuring costs | 649 | - | €0 | = | |
| Non-recurring operating charges | 66A | - | €5,307 | +€5,307 | |
| Gross operating margin | 9900 | -€50,338 | €117,377 | +€167,715 | |
| Operating profit (loss) | 9901 | -€168,671 | €1,086 | +€169,757 | |
| Financial income | 75/76B | €14 | €0 | -€14 | -99.7% |
| Recurring financial income | 75 | €14 | €0 | -€14 | -99.7% |
| Financial charges | 65/66B | €8,385 | €7,280 | -€1,105 | -13.2% |
| Recurring financial charges | 65 | €8,385 | €7,280 | -€1,105 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | -€177,042 | -€6,194 | +€170,848 | +96.5% |
| Transfer from deferred taxes | 780 | €45,745 | €0 | -€45,745 | -100% |
| Income taxes | 67/77 | €8,829 | €403 | -€8,426 | -95.4% |
| Profit (loss) for the period | 9904 | -€140,125 | -€6,597 | +€133,528 | +95.3% |
| Transfer from tax-exempt reserves | 789 | €141,228 | €0 | -€141,228 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €1,102 | -€6,597 | -€7,700 |
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 20 October 2026 via checked.be.