De Steenman: 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 Steenman
Largest movements
- Cash -€43,810
down €43,810 (-51.7%), from €84,728 to €40,918
mainly Other debts (-€116,626) and Investment in fixed assets (net) (-€14,661)
- Receivables within one year -€16,008
down €16,008 (-79.9%), from €20,035 to €4,027
of which Trade receivables: -€10,890
- Receivables after one year -€10,000
down €10,000 (-100.0%), from €10,000 to €0
- Tangible fixed assets +€8,953
up €8,953 (+72.2%), from €12,403 to €21,355
of which Furniture and vehicles: +€8,953
- Deferred charges and accrued income +€3,613
up €3,613 (+439.9%), from €821 to €4,435
- Other debts -€116,626
down €116,626 (-95.6%), from €121,981 to €5,355
- Profit (loss) carried forward +€56,858
up €56,858, from €0 to €56,858
- Tax, wage and social debts +€3,863
up €3,863 (+6437.3%), from €60 to €3,923
of which Remuneration and social security: +€2,000
- Trade debts -€1,347
down €1,347 (-39.1%), from €3,446 to €2,099
- Gross operating margin +€15,265
up €15,265 (+23.9%), from €63,803 to €79,068
- Taxes +€1,863
up €1,863 (+13.7%), from €13,560 to €15,423
- Depreciation +€1,439
up €1,439 (+33.7%), from €4,269 to €5,708
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €127,987 | €70,735 | -€57,252 | -44.7% |
| Fixed assets | 21/28 | €12,403 | €21,355 | +€8,953 | +72.2% |
| Tangible fixed assets | 22/27 | €12,403 | €21,355 | +€8,953 | +72.2% |
| Furniture and vehicles | 24 | €11,403 | €20,355 | +€8,953 | +78.5% |
| Other tangible fixed assets | 26 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €115,584 | €49,379 | -€66,205 | -57.3% |
| Amounts receivable after more than one year | 29 | €10,000 | €0 | -€10,000 | -100.0% |
| Other amounts receivable | 291 | €10,000 | €0 | -€10,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €20,035 | €4,027 | -€16,008 | -79.9% |
| Trade receivables | 40 | €11,222 | €332 | -€10,890 | -97.0% |
| Other amounts receivable | 41 | €8,813 | €3,695 | -€5,118 | -58.1% |
| Cash at bank and in hand | 54/58 | €84,728 | €40,918 | -€43,810 | -51.7% |
| Deferred charges and accrued income | 490/1 | €821 | €4,435 | +€3,613 | +439.9% |
| Total equity and liabilities | 10/49 | €127,987 | €70,735 | -€57,252 | -44.7% |
| Equity | 10/15 | €2,500 | €59,358 | +€56,858 | +2274.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €56,858 | +€56,858 | |
| Amounts payable | 17/49 | €125,487 | €11,377 | -€114,110 | -90.9% |
| Amounts payable within one year | 42/48 | €125,487 | €11,377 | -€114,110 | -90.9% |
| Trade debts | 44 | €3,446 | €2,099 | -€1,347 | -39.1% |
| Suppliers | 440/4 | €3,446 | €2,099 | -€1,347 | -39.1% |
| Taxes, remuneration and social security | 45 | €60 | €3,923 | +€3,863 | +6437.3% |
| Taxes | 450/3 | €60 | €1,923 | +€1,863 | +3104.5% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €121,981 | €5,355 | -€116,626 | -95.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,269 | €5,708 | +€1,439 | +33.7% |
| Other operating charges | 640/8 | €11 | €610 | +€599 | +5544.2% |
| Gross operating margin | 9900 | €63,803 | €79,068 | +€15,265 | +23.9% |
| Operating profit (loss) | 9901 | €59,523 | €72,750 | +€13,227 | +22.2% |
| Financial income | 75/76B | €440 | €0 | -€440 | -100.0% |
| Recurring financial income | 75 | €440 | €0 | -€440 | -100.0% |
| Financial charges | 65/66B | €397 | €469 | +€72 | +18.1% |
| Recurring financial charges | 65 | €397 | €469 | +€72 | +18.1% |
| Profit (loss) for the period before taxes | 9903 | €59,566 | €72,281 | +€12,715 | +21.3% |
| Income taxes | 67/77 | €13,560 | €15,423 | +€1,863 | +13.7% |
| Profit (loss) for the period | 9904 | €46,006 | €56,858 | +€10,852 | +23.6% |
| Profit (loss) for the period to be appropriated | 9905 | €46,006 | €56,858 | +€10,852 | +23.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.