DE STEUNBALK: 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 STEUNBALK
Largest movements
- Cash +€49,677
up €49,677 (+788%), from €6,303 to €55,979
mainly Depreciation (+€44,996) and Other debts (+€33,381)
- Tangible fixed assets -€44,996
down €44,996 (-15.9%), from €282,882 to €237,886
of which Other tangible fixed assets: -€36,556
- Financial fixed assets -€16,454
down €16,454 (-17.1%), from €96,019 to €79,566
- Other debts +€33,381
up €33,381 (+379%), from €8,797 to €42,178
- Reserves -€22,703
down €22,703 (-20.7%), from €109,884 to €87,182
- Debts after one year -€15,910
down €15,910 (-6.7%), from €235,817 to €219,907
of which Financial debts: -€15,094
- Trade debts -€8,530
down €8,530 (-87.5%), from €9,753 to €1,223
- Depreciation +€26,148
up €26,148 (+139%), from €18,848 to €44,996
- Gross operating margin +€17,183
up €17,183 (+35.6%), from €48,249 to €65,432
- Other operating charges -€7,393
down €7,393 (-83.9%), from €8,810 to €1,417
- Financial income -€3,194
down €3,194 (-48.5%), from €6,589 to €3,396
- Financial charges +€2,838
up €2,838 (+47.0%), from €6,033 to €8,871
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 | €400,997 | €386,392 | -€14,605 | -3.6% |
| Fixed assets | 21/28 | €378,901 | €317,452 | -€61,449 | -16.2% |
| Tangible fixed assets | 22/27 | €282,882 | €237,886 | -€44,996 | -15.9% |
| Furniture and vehicles | 24 | €30,473 | €22,033 | -€8,440 | -27.7% |
| Other tangible fixed assets | 26 | €252,409 | €215,853 | -€36,556 | -14.5% |
| Financial fixed assets | 28 | €96,019 | €79,566 | -€16,454 | -17.1% |
| Current assets | 29/58 | €22,096 | €68,940 | +€46,844 | +212% |
| Amounts receivable within one year | 40/41 | €13,308 | €12,467 | -€841 | -6.3% |
| Trade receivables | 40 | €8,189 | €12,203 | +€4,014 | +49.0% |
| Other amounts receivable | 41 | €5,119 | €264 | -€4,855 | -94.8% |
| Cash at bank and in hand | 54/58 | €6,303 | €55,979 | +€49,677 | +788% |
| Deferred charges and accrued income | 490/1 | €2,485 | €494 | -€1,991 | -80.1% |
| Total equity and liabilities | 10/49 | €400,997 | €386,392 | -€14,605 | -3.6% |
| Equity | 10/15 | €110,884 | €88,182 | -€22,703 | -20.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €109,884 | €87,182 | -€22,703 | -20.7% |
| Distributable reserves | 133 | €109,884 | €87,182 | -€22,703 | -20.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €290,112 | €298,210 | +€8,098 | +2.8% |
| Amounts payable after more than one year | 17 | €235,817 | €219,907 | -€15,910 | -6.7% |
| Financial debts | 170/4 | €200,182 | €185,088 | -€15,094 | -7.5% |
| Other amounts payable | 178/9 | €35,635 | €34,819 | -€815 | -2.3% |
| Amounts payable within one year | 42/48 | €53,887 | €77,990 | +€24,102 | +44.7% |
| Current portion of amounts payable after more than one year | 42 | €26,872 | €24,910 | -€1,962 | -7.3% |
| Trade debts | 44 | €9,753 | €1,223 | -€8,530 | -87.5% |
| Suppliers | 440/4 | €9,753 | €1,223 | -€8,530 | -87.5% |
| Taxes, remuneration and social security | 45 | €8,465 | €9,679 | +€1,214 | +14.3% |
| Taxes | 450/3 | €5,465 | €9,679 | +€4,214 | +77.1% |
| Remuneration and social security | 454/9 | €3,000 | €0 | -€3,000 | -100% |
| Other amounts payable | 47/48 | €8,797 | €42,178 | +€33,381 | +379% |
| Accrued charges and deferred income | 492/3 | €408 | €313 | -€95 | -23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,848 | €44,996 | +€26,148 | +139% |
| Other operating charges | 640/8 | €8,810 | €1,417 | -€7,393 | -83.9% |
| Gross operating margin | 9900 | €48,249 | €65,432 | +€17,183 | +35.6% |
| Operating profit (loss) | 9901 | €20,591 | €19,019 | -€1,571 | -7.6% |
| Financial income | 75/76B | €6,589 | €3,396 | -€3,194 | -48.5% |
| Recurring financial income | 75 | €6,589 | €3,396 | -€3,194 | -48.5% |
| Financial charges | 65/66B | €6,033 | €8,871 | +€2,838 | +47.0% |
| Recurring financial charges | 65 | €6,033 | €8,871 | +€2,838 | +47.0% |
| Profit (loss) for the period before taxes | 9903 | €21,146 | €13,544 | -€7,603 | -36.0% |
| Income taxes | 67/77 | €5,288 | €2,913 | -€2,375 | -44.9% |
| Profit (loss) for the period | 9904 | €15,858 | €10,631 | -€5,228 | -33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,858 | €10,631 | -€5,228 | -33.0% |
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 24 October 2026 via checked.be.