DE STEIGER: what changed
Two fiscal 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 90.399, Other support activities for arts and performing arts
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€14,885
2024 · €13,056+€1,829
Equity
€403,479
2024 · €418,594-€15,115
Cash
€30,256
2024 · €28,803+€1,453
Balance sheet total
€438,153
2024 · €458,942-€20,789
Largest movements
Assets
- Tangible fixed assets -€25,340
down €25,340 (-6.0%), from €422,226 to €396,886
of which Land and buildings: -€24,095
Equity and liabilities
- Profit (loss) carried forward -€15,115
down €15,115 (-9.5%), from -€158,929 to -€174,044
- Debts after one year -€13,892
down €13,892 (-76.2%), from €18,224 to €4,332
- Other debts +€8,555
up €8,555 (+50323.5%), from €17 to €8,572
Income statement
- Depreciation -€5,196
down €5,196 (-17.0%), from €30,536 to €25,340
- Gross operating margin -€4,383
down €4,383 (-7.9%), from €55,275 to €50,892
- Other operating charges -€1,111
down €1,111 (-18.9%), from €5,887 to €4,776
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
€13,056
Gross operating margin
-€4,383
Depreciation
+€5,196
Other operating charges
+€1,111
Financial income
+€139
Financial charges
+€231
Taxes
-€465
Result 2025
€14,885
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.
From operations
+€46,045
Investment
€0
Financing
-€44,592
Cash 2024
€28,803
From operations (derived)
+€46,045
Net result for the year
+€14,885
Depreciation
+€25,340
Receivables within one year
-€3,001
Deferred charges and accrued income
-€97
Trade debts
+€626
Tax, wage and social debts
+€29
Other debts
+€8,555
Accrued charges and deferred income
-€292
Financing
-€44,592
Debts after one year
-€13,892
Short-term financial debts
-€700
Contributions, distributions and other
-€30,000
Cash 2025
€30,256
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €458,942 | €438,153 | -€20,789 | -4.5% |
| Fixed assets | 21/28 | €423,536 | €398,196 | -€25,340 | -6.0% |
| Tangible fixed assets | 22/27 | €422,226 | €396,886 | -€25,340 | -6.0% |
| Land and buildings | 22 | €405,055 | €380,960 | -€24,095 | -5.9% |
| Plant, machinery and equipment | 23 | €17,171 | €15,926 | -€1,245 | -7.3% |
| Financial fixed assets | 28 | €1,310 | €1,310 | = | 0.0% |
| Current assets | 29/58 | €35,406 | €39,957 | +€4,551 | +12.9% |
| Amounts receivable within one year | 40/41 | €6,243 | €9,244 | +€3,001 | +48.1% |
| Trade receivables | 40 | €3,532 | €3,532 | = | 0.0% |
| Other amounts receivable | 41 | €2,711 | €5,712 | +€3,001 | +110.7% |
| Cash at bank and in hand | 54/58 | €28,803 | €30,256 | +€1,453 | +5.0% |
| Deferred charges and accrued income | 490/1 | €360 | €457 | +€97 | +26.9% |
| Total equity and liabilities | 10/49 | €458,942 | €438,153 | -€20,789 | -4.5% |
| Equity | 10/15 | €418,594 | €403,479 | -€15,115 | -3.6% |
| Contributions | 10/11 | €564,000 | €564,000 | = | 0.0% |
| Capital | 10 | €562,320 | €562,320 | = | 0.0% |
| Issued capital | 100 | €562,320 | €562,320 | = | 0.0% |
| Outside capital | 11 | €1,680 | €1,680 | = | 0.0% |
| Share premium | 1100/10 | €1,680 | €1,680 | = | 0.0% |
| Reserves | 13 | €13,523 | €13,523 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,283 | €4,283 | = | 0.0% |
| Legal reserve | 130 | €4,283 | €4,283 | = | 0.0% |
| Distributable reserves | 133 | €9,240 | €9,240 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€158,929 | -€174,044 | -€15,115 | -9.5% |
| Provisions and deferred taxes | 16 | €6,552 | €6,552 | = | 0.0% |
| Deferred taxes | 168 | €6,552 | €6,552 | = | 0.0% |
| Amounts payable | 17/49 | €33,796 | €28,122 | -€5,674 | -16.8% |
| Amounts payable after more than one year | 17 | €18,224 | €4,332 | -€13,892 | -76.2% |
| Financial debts | 170/4 | €18,224 | €4,332 | -€13,892 | -76.2% |
| Amounts payable within one year | 42/48 | €15,280 | €23,790 | +€8,510 | +55.7% |
| Financial debts | 43 | €14,570 | €13,870 | -€700 | -4.8% |
| Credit institutions | 430/8 | €14,570 | €13,870 | -€700 | -4.8% |
| Trade debts | 44 | €144 | €770 | +€626 | +434.7% |
| Suppliers | 440/4 | €144 | €770 | +€626 | +434.7% |
| Taxes, remuneration and social security | 45 | €549 | €578 | +€29 | +5.3% |
| Taxes | 450/3 | €549 | €578 | +€29 | +5.3% |
| Other amounts payable | 47/48 | €17 | €8,572 | +€8,555 | +50323.5% |
| Accrued charges and deferred income | 492/3 | €292 | - | -€292 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,536 | €25,340 | -€5,196 | -17.0% |
| Other operating charges | 640/8 | €5,887 | €4,776 | -€1,111 | -18.9% |
| Gross operating margin | 9900 | €55,275 | €50,892 | -€4,383 | -7.9% |
| Operating profit (loss) | 9901 | €18,852 | €20,776 | +€1,924 | +10.2% |
| Financial income | 75/76B | - | €139 | +€139 | |
| Recurring financial income | 75 | - | €139 | +€139 | |
| Financial charges | 65/66B | €796 | €565 | -€231 | -29.0% |
| Recurring financial charges | 65 | €796 | €565 | -€231 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | €18,056 | €20,350 | +€2,294 | +12.7% |
| Income taxes | 67/77 | €5,000 | €5,465 | +€465 | +9.3% |
| Profit (loss) for the period | 9904 | €13,056 | €14,885 | +€1,829 | +14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,056 | €14,885 | +€1,829 | +14.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.