DE STEENUIL: 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 STEENUIL
Largest movements
- Stocks and contracts +€35,539
up €35,539 (+55.8%), from €63,741 to €99,280
- Receivables within one year -€3,027
down €3,027 (-76.4%), from €3,962 to €935
of which Trade receivables: -€3,429
- Cash +€2,969
up €2,969 (+101%), from €2,946 to €5,915
mainly Net result for the year (+€26,580) and Trade debts (+€9,300)
- Profit (loss) carried forward +€26,580
up €26,580 (+452%), from €5,882 to €32,462
- Debts after one year -€10,169
down €10,169 (-40.0%), from €25,451 to €15,281
- Trade debts +€9,300
up €9,300 (+37.2%), from €24,972 to €34,272
of which Suppliers: +€11,475
- Tax, wage and social debts +€3,794
up €3,794 (+62.7%), from €6,049 to €9,843
- Other debts +€3,000
new in 2025: €3,000
- Gross operating margin +€22,242
up €22,242 (+142%), from €15,653 to €37,895
- Taxes +€5,100
up €5,100 (+305%), from €1,672 to €6,772
- Other operating charges -€2,191
down €2,191 (-80.9%), from €2,709 to €518
- Financial charges -€467
down €467 (-13.5%), from €3,468 to €3,000
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 | €82,038 | €116,078 | +€34,040 | +41.5% |
| Fixed assets | 21/28 | €9,744 | €8,720 | -€1,024 | -10.5% |
| Intangible fixed assets | 21 | €1,620 | €1,144 | -€475 | -29.3% |
| Tangible fixed assets | 22/27 | €3,175 | €2,626 | -€549 | -17.3% |
| Plant, machinery and equipment | 23 | €996 | €704 | -€292 | -29.3% |
| Other tangible fixed assets | 26 | €2,179 | €1,922 | -€257 | -11.8% |
| Financial fixed assets | 28 | €4,950 | €4,950 | = | 0.0% |
| Current assets | 29/58 | €72,294 | €107,358 | +€35,064 | +48.5% |
| Stocks and contracts in progress | 3 | €63,741 | €99,280 | +€35,539 | +55.8% |
| Stocks | 30/36 | €63,741 | €99,280 | +€35,539 | +55.8% |
| Amounts receivable within one year | 40/41 | €3,962 | €935 | -€3,027 | -76.4% |
| Trade receivables | 40 | €3,735 | €306 | -€3,429 | -91.8% |
| Other amounts receivable | 41 | €227 | €629 | +€402 | +177% |
| Cash at bank and in hand | 54/58 | €2,946 | €5,915 | +€2,969 | +101% |
| Deferred charges and accrued income | 490/1 | €1,645 | €1,228 | -€417 | -25.4% |
| Total equity and liabilities | 10/49 | €82,038 | €116,078 | +€34,040 | +41.5% |
| Equity | 10/15 | €15,882 | €42,462 | +€26,580 | +167% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,882 | €32,462 | +€26,580 | +452% |
| Amounts payable | 17/49 | €66,157 | €73,616 | +€7,460 | +11.3% |
| Amounts payable after more than one year | 17 | €25,451 | €15,281 | -€10,169 | -40.0% |
| Financial debts | 170/4 | €25,451 | €15,281 | -€10,169 | -40.0% |
| Amounts payable within one year | 42/48 | €40,706 | €58,335 | +€17,629 | +43.3% |
| Current portion of amounts payable after more than one year | 42 | €9,685 | €10,169 | +€484 | +5.0% |
| Financial debts | 43 | - | €1,051 | +€1,051 | |
| Credit institutions | 430/8 | - | €1,051 | +€1,051 | |
| Trade debts | 44 | €24,972 | €34,272 | +€9,300 | +37.2% |
| Suppliers | 440/4 | €18,437 | €29,913 | +€11,475 | +62.2% |
| Bills of exchange payable | 441 | €6,535 | €4,360 | -€2,175 | -33.3% |
| Taxes, remuneration and social security | 45 | €6,049 | €9,843 | +€3,794 | +62.7% |
| Taxes | 450/3 | €6,049 | €9,843 | +€3,794 | +62.7% |
| Other amounts payable | 47/48 | - | €3,000 | +€3,000 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,024 | €1,024 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,709 | €518 | -€2,191 | -80.9% |
| Gross operating margin | 9900 | €15,653 | €37,895 | +€22,242 | +142% |
| Operating profit (loss) | 9901 | €11,920 | €36,353 | +€24,433 | +205% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €3,468 | €3,000 | -€467 | -13.5% |
| Recurring financial charges | 65 | €3,468 | €3,000 | -€467 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €8,452 | €33,352 | +€24,900 | +295% |
| Income taxes | 67/77 | €1,672 | €6,772 | +€5,100 | +305% |
| Profit (loss) for the period | 9904 | €6,780 | €26,580 | +€19,800 | +292% |
| Profit (loss) for the period to be appropriated | 9905 | €6,780 | €26,580 | +€19,800 | +292% |
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 31 October 2026 via checked.be.