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.
De Steiger
Largest movements
- Tangible fixed assets +€1.2m
up €1.2m (+344.4%), from €337,065 to €1.5m
of which Land and buildings: +€1.5m
- Debts after one year +€1.1m
up €1.1m (+341.2%), from €337,065 to €1.5m
- Current portion of long-term debt +€88,432
new in 2023: €88,432
- Profit (loss) carried forward -€77,470
down €77,470, from €618 to -€76,852
- Purchases and services +€94,476
new in 2023: €94,476
- Depreciation +€93,629
new in 2023: €93,629
- Gross operating margin +€91,374
up €91,374 (+1124.3%), from €8,127 to €99,501
- Financial charges +€9,976
up €9,976 (+367.6%), from €2,714 to €12,690
of which Financial charges: +€10,614
- Turnover -€8,127
no longer reported in 2023 (was €8,127)
From the 2021 result to the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2021 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €337,684 | €1,498,547 | +€1.2m | +343.8% |
| Fixed assets | 21/28 | €337,065 | €1,498,069 | +€1.2m | +344.4% |
| Tangible fixed assets | 22/27 | €337,065 | €1,498,069 | +€1.2m | +344.4% |
| Land and buildings | 22 | - | €1,498,069 | +€1.5m | |
| Assets under construction and advance payments | 27 | €337,065 | - | -€337,065 | |
| Current assets | 29/58 | €618 | €478 | -€140 | -22.7% |
| Cash at bank and in hand | 54/58 | €618 | €478 | -€140 | -22.7% |
| Total equity and liabilities | 10/49 | €337,684 | €1,498,547 | +€1.2m | +343.8% |
| Equity | 10/15 | €618 | -€76,852 | -€77,470 | |
| Profit (loss) carried forward | 14 | €618 | -€76,852 | -€77,470 | |
| Amounts payable | 17/49 | €337,065 | €1,575,399 | +€1.2m | +367.4% |
| Amounts payable after more than one year | 17 | €337,065 | €1,486,966 | +€1.1m | +341.2% |
| Financial debts | 170/4 | €337,065 | €1,486,966 | +€1.1m | +341.2% |
| Amounts payable within one year | 42/48 | - | €88,432 | +€88,432 | |
| Current portion of amounts payable after more than one year | 42 | - | €88,432 | +€88,432 | |
| Turnover | 70 | €8,127 | - | -€8,127 | |
| Non-recurring operating income | 76A | - | €100,348 | +€100,348 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €94,476 | +€94,476 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €93,629 | +€93,629 | |
| Other operating charges | 640/8 | €581 | - | -€581 | |
| Non-recurring operating charges | 66A | €4,215 | - | -€4,215 | |
| Gross operating margin | 9900 | €8,127 | €99,501 | +€91,374 | +1124.3% |
| Operating profit (loss) | 9901 | €3,332 | €5,872 | +€2,540 | +76.2% |
| Financial charges | 65/66B | €2,714 | €12,690 | +€9,976 | +367.6% |
| Recurring financial charges | 65 | €2,075 | €12,690 | +€10,614 | +511.5% |
| Non-recurring financial charges | 66B | €639 | - | -€639 | |
| Profit (loss) for the period before taxes | 9903 | €618 | -€6,818 | -€7,436 | |
| Profit (loss) for the period | 9904 | €618 | -€6,818 | -€7,436 | |
| Profit (loss) for the period to be appropriated | 9905 | €618 | -€6,818 | -€7,436 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.