De Steiger: 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 Steiger
NACE 87.991, Residential care activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€8,068
2024 · -€21,264+€29,332
Equity
€1.2m
2024 · €1.2m+€6,973
Cash
€472,107
2024 · €403,640+€68,467
Balance sheet total
€2.0m
2024 · €2.0m+€16,295
Largest movements
Assets
- Cash +€68,467
up €68,467 (+17.0%), from €403,640 to €472,107
mainly Depreciation (+€97,892) and Debts within one year (+€31,954)
- Tangible fixed assets -€64,900
down €64,900 (-5.4%), from €1.2m to €1.1m
of which Land and buildings: -€41,851
Equity and liabilities
- Debts within one year +€31,954
up €31,954 (+7.8%), from €407,647 to €439,601
of which Trade debts: +€18,971
Income statement
- Gross operating margin +€104,840
up €104,840 (+2.9%), from €3.6m to €3.7m
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
-€21,264
Gross operating margin
+€104,840
Staff costs
-€34,898
Depreciation
-€10,580
Other operating charges
-€1,132
Other operating items
-€16,706
Financial income
-€12,355
Financial charges
-€3,553
Taxes
+€3,716
Result 2025
€8,068
raises the resultlowers the resultnot broken down further in the accounts
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
+€121,408
Investment
-€32,991
Financing
-€19,949
Cash 2024
€403,640
From operations (derived)
+€121,408
Net result for the year
+€8,068
Depreciation
+€97,892
Receivables within one year
-€2,873
Deferred charges and accrued income
-€9,856
Provisions
-€2,858
Debts within one year
+€31,954
Accrued charges and deferred income
-€920
Investment (derived)
-€32,991
Investment in fixed assets (net)
-€32,991
Financing
-€19,949
Debts after one year
-€18,854
Contributions, distributions and other
-€1,095
Cash 2025
€472,107
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,009,823 | €2,026,118 | +€16,295 | +0.8% |
| Fixed assets | 21/28 | €1,203,262 | €1,138,362 | -€64,900 | -5.4% |
| Tangible fixed assets | 22/27 | €1,203,262 | €1,138,362 | -€64,900 | -5.4% |
| Land and buildings | 22 | €1,053,457 | €1,011,606 | -€41,851 | -4.0% |
| Plant, machinery and equipment | 23 | €137,363 | €115,950 | -€21,413 | -15.6% |
| Furniture and vehicles | 24 | €12,443 | €10,807 | -€1,637 | -13.2% |
| Current assets | 29/58 | €806,560 | €887,756 | +€81,196 | +10.1% |
| Amounts receivable within one year | 40/41 | €395,659 | €398,532 | +€2,873 | +0.7% |
| Trade receivables | 40 | €375 | €450 | +€75 | +20.0% |
| Other amounts receivable | 41 | €395,284 | €398,082 | +€2,798 | +0.7% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €403,640 | €472,107 | +€68,467 | +17.0% |
| Deferred charges and accrued income | 490/1 | €7,261 | €17,117 | +€9,856 | +136% |
| Total equity and liabilities | 10/49 | €2,009,823 | €2,026,118 | +€16,295 | +0.8% |
| Equity | 10/15 | €1,232,008 | €1,238,981 | +€6,973 | +0.6% |
| Contributions | 10/11 | €95,125 | €95,125 | = | 0.0% |
| Capital | 10 | €95,125 | €95,125 | = | 0.0% |
| Reserves | 13 | €307,831 | €307,831 | = | 0.0% |
| Profit (loss) carried forward | 14 | €820,104 | €828,173 | +€8,068 | +1.0% |
| Investment grants | 15 | €8,947 | €7,852 | -€1,095 | -12.2% |
| Provisions and deferred taxes | 16 | €40,436 | €37,578 | -€2,858 | -7.1% |
| Provisions for liabilities and charges | 160/5 | €40,436 | €37,578 | -€2,858 | -7.1% |
| Major repairs and maintenance | 162 | €40,436 | €37,578 | -€2,858 | -7.1% |
| Amounts payable | 17/49 | €737,379 | €749,559 | +€12,180 | +1.7% |
| Amounts payable after more than one year | 17 | €328,813 | €309,958 | -€18,854 | -5.7% |
| Financial debts | 170/4 | €328,813 | €309,958 | -€18,854 | -5.7% |
| Amounts payable within one year | 42/48 | €407,647 | €439,601 | +€31,954 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €18,213 | €18,854 | +€642 | +3.5% |
| Trade debts | 44 | €12,966 | €31,938 | +€18,971 | +146% |
| Suppliers | 440/4 | €12,966 | €31,938 | +€18,971 | +146% |
| Taxes, remuneration and social security | 45 | €368,716 | €380,859 | +€12,143 | +3.3% |
| Taxes | 450/3 | €3,465 | €3,518 | +€52 | +1.5% |
| Remuneration and social security | 454/9 | €365,250 | €377,341 | +€12,091 | +3.3% |
| Accrued charges and deferred income | 492/3 | €920 | €0 | -€920 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €3,510,348 | €3,545,246 | +€34,898 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,312 | €97,892 | +€10,580 | +12.1% |
| Other operating charges | 640/8 | €2,259 | €3,391 | +€1,132 | +50.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €3,562,317 | €3,667,157 | +€104,840 | +2.9% |
| Operating profit (loss) | 9901 | -€18,037 | €23,487 | +€41,524 | |
| Financial income | 75/76B | €13,083 | €728 | -€12,355 | -94.4% |
| Recurring financial income | 75 | €13,083 | €728 | -€12,355 | -94.4% |
| Financial charges | 65/66B | €12,126 | €15,679 | +€3,553 | +29.3% |
| Recurring financial charges | 65 | €6,592 | €15,679 | +€9,087 | +138% |
| Non-recurring financial charges | 66B | €5,533 | €0 | -€5,533 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€17,080 | €8,536 | +€25,616 | |
| Income taxes | 67/77 | €4,184 | €468 | -€3,716 | -88.8% |
| Profit (loss) for the period | 9904 | -€21,264 | €8,068 | +€29,332 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,264 | €8,068 | +€29,332 |
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 14 October 2026 via checked.be.