DE STEENOVEN: 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 STEENOVEN
Largest movements
- Deferred charges and accrued income +€95,063
up €95,063 (+7,451%), from €1,276 to €96,339
- Tangible fixed assets -€24,921
down €24,921 (-3.8%), from €653,451 to €628,531
of which Land and buildings: -€141,381
- Receivables within one year -€9,145
down €9,145 (-77.3%), from €11,823 to €2,678
of which Trade receivables: -€9,383
- Debts after one year +€30,342
up €30,342 (+5.3%), from €568,197 to €598,539
- Profit (loss) carried forward +€28,920
up €28,920 (+25.5%), from -€113,542 to -€84,621
- Gross operating margin +€36,768
up €36,768 (+90.9%), from €40,429 to €77,198
- Depreciation -€4,853
down €4,853 (-15.2%), from €31,997 to €27,145
- Financial charges +€1,038
up €1,038 (+6.7%), from €15,470 to €16,507
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €670,370 | €731,997 | +€61,627 | +9.2% |
| Fixed assets | 21/28 | €653,489 | €628,569 | -€24,921 | -3.8% |
| Tangible fixed assets | 22/27 | €653,451 | €628,531 | -€24,921 | -3.8% |
| Land and buildings | 22 | €643,691 | €502,311 | -€141,381 | -22.0% |
| Plant, machinery and equipment | 23 | €7,703 | €7,260 | -€443 | -5.8% |
| Furniture and vehicles | 24 | €2,057 | €1,340 | -€716 | -34.8% |
| Assets under construction and advance payments | 27 | - | €117,620 | +€117,620 | |
| Financial fixed assets | 28 | €38 | €38 | = | 0.0% |
| Current assets | 29/58 | €16,880 | €103,428 | +€86,547 | +513% |
| Stocks and contracts in progress | 3 | €2,206 | €2,714 | +€508 | +23.0% |
| Stocks | 30/36 | €2,206 | €2,714 | +€508 | +23.0% |
| Amounts receivable within one year | 40/41 | €11,823 | €2,678 | -€9,145 | -77.3% |
| Trade receivables | 40 | €10,593 | €1,210 | -€9,383 | -88.6% |
| Other amounts receivable | 41 | €1,230 | €1,468 | +€239 | +19.4% |
| Cash at bank and in hand | 54/58 | €1,575 | €1,697 | +€121 | +7.7% |
| Deferred charges and accrued income | 490/1 | €1,276 | €96,339 | +€95,063 | +7,451% |
| Total equity and liabilities | 10/49 | €670,370 | €731,997 | +€61,627 | +9.2% |
| Equity | 10/15 | €61,458 | €90,379 | +€28,920 | +47.1% |
| Contributions | 10/11 | €175,000 | €175,000 | = | 0.0% |
| Capital | 10 | €175,000 | €175,000 | = | 0.0% |
| Issued capital | 100 | €175,000 | €175,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€113,542 | -€84,621 | +€28,920 | +25.5% |
| Amounts payable | 17/49 | €608,911 | €641,618 | +€32,706 | +5.4% |
| Amounts payable after more than one year | 17 | €568,197 | €598,539 | +€30,342 | +5.3% |
| Financial debts | 170/4 | €568,197 | €598,539 | +€30,342 | +5.3% |
| Amounts payable within one year | 42/48 | €40,715 | €43,079 | +€2,364 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €31,474 | €32,158 | +€683 | +2.2% |
| Trade debts | 44 | €4,369 | €2,042 | -€2,327 | -53.3% |
| Suppliers | 440/4 | €4,369 | €2,042 | -€2,327 | -53.3% |
| Taxes, remuneration and social security | 45 | €965 | €1,492 | +€526 | +54.5% |
| Taxes | 450/3 | €965 | €1,492 | +€526 | +54.5% |
| Other amounts payable | 47/48 | €3,906 | €7,387 | +€3,481 | +89.1% |
| Remuneration, social security and pensions | 62 | €66 | €68 | +€2 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,997 | €27,145 | -€4,853 | -15.2% |
| Other operating charges | 640/8 | €4,439 | €4,557 | +€118 | +2.7% |
| Gross operating margin | 9900 | €40,429 | €77,198 | +€36,768 | +90.9% |
| Operating profit (loss) | 9901 | €3,926 | €45,427 | +€41,501 | +1,057% |
| Financial income | 75/76B | €8 | €0 | -€7 | -94.6% |
| Recurring financial income | 75 | €8 | €0 | -€7 | -94.6% |
| Financial charges | 65/66B | €15,470 | €16,507 | +€1,038 | +6.7% |
| Recurring financial charges | 65 | €15,470 | €16,507 | +€1,038 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | -€11,535 | €28,920 | +€40,456 | |
| Profit (loss) for the period | 9904 | -€11,535 | €28,920 | +€40,456 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,535 | €28,920 | +€40,456 |
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 30 October 2026 via checked.be.