De Steynhoeve: 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 Steynhoeve
Largest movements
- Receivables within one year +€385,687
up €385,687 (+14.3%), from €2.7m to €3.1m
of which Other amounts receivable: +€403,762
- Tangible fixed assets -€35,989
down €35,989 (-21.4%), from €168,209 to €132,220
of which Furniture and vehicles: -€32,048
- Other debts +€558,920
up €558,920 (+55.5%), from €1.0m to €1.6m
- Reserves -€205,257
down €205,257 (-11.5%), from €1.8m to €1.6m
- Depreciation +€7,353
up €7,353 (+22.8%), from €32,309 to €39,662
- Financial income -€6,239
down €6,239 (-5.7%), from €109,672 to €103,432
- Financial charges -€6,175
down €6,175 (-7.2%), from €85,180 to €79,005
- Gross operating margin -€5,691
down €5,691 (-75.2%), from €7,566 to €1,875
- Taxes -€992
down €992 (-66.8%), from €1,484 to €492
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,859,880 | €3,210,392 | +€350,512 | +12.3% |
| Fixed assets | 21/28 | €168,209 | €132,220 | -€35,989 | -21.4% |
| Tangible fixed assets | 22/27 | €168,209 | €132,220 | -€35,989 | -21.4% |
| Plant, machinery and equipment | 23 | €3,097 | €2,039 | -€1,057 | -34.1% |
| Furniture and vehicles | 24 | €156,550 | €124,503 | -€32,048 | -20.5% |
| Other tangible fixed assets | 26 | €8,562 | €5,678 | -€2,883 | -33.7% |
| Current assets | 29/58 | €2,691,671 | €3,078,172 | +€386,501 | +14.4% |
| Amounts receivable within one year | 40/41 | €2,688,736 | €3,074,422 | +€385,687 | +14.3% |
| Trade receivables | 40 | €21,075 | €3,000 | -€18,075 | -85.8% |
| Other amounts receivable | 41 | €2,667,661 | €3,071,422 | +€403,762 | +15.1% |
| Cash at bank and in hand | 54/58 | €2,186 | €118 | -€2,068 | -94.6% |
| Deferred charges and accrued income | 490/1 | €750 | €3,631 | +€2,881 | +384.4% |
| Total equity and liabilities | 10/49 | €2,859,880 | €3,210,392 | +€350,512 | +12.3% |
| Equity | 10/15 | €1,812,201 | €1,606,943 | -€205,257 | -11.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €1,782,201 | €1,576,943 | -€205,257 | -11.5% |
| Distributable reserves | 133 | €1,782,201 | €1,576,943 | -€205,257 | -11.5% |
| Amounts payable | 17/49 | €1,047,679 | €1,603,449 | +€555,769 | +53.0% |
| Amounts payable within one year | 42/48 | €1,024,925 | €1,574,873 | +€549,948 | +53.7% |
| Current portion of amounts payable after more than one year | 42 | €8,792 | - | -€8,792 | |
| Trade debts | 44 | €5,323 | €1,605 | -€3,719 | -69.9% |
| Suppliers | 440/4 | €5,323 | €1,605 | -€3,719 | -69.9% |
| Taxes, remuneration and social security | 45 | €4,200 | €7,739 | +€3,539 | +84.3% |
| Taxes | 450/3 | €1,800 | €5,339 | +€3,539 | +196.6% |
| Remuneration and social security | 454/9 | €2,400 | €2,400 | = | 0.0% |
| Other amounts payable | 47/48 | €1,006,610 | €1,565,530 | +€558,920 | +55.5% |
| Accrued charges and deferred income | 492/3 | €22,755 | €28,576 | +€5,821 | +25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,309 | €39,662 | +€7,353 | +22.8% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €7,566 | €1,875 | -€5,691 | -75.2% |
| Operating profit (loss) | 9901 | -€24,861 | -€37,907 | -€13,046 | -52.5% |
| Financial income | 75/76B | €109,672 | €103,432 | -€6,239 | -5.7% |
| Recurring financial income | 75 | €109,672 | €103,432 | -€6,239 | -5.7% |
| Financial charges | 65/66B | €85,180 | €79,005 | -€6,175 | -7.2% |
| Recurring financial charges | 65 | €85,180 | €79,005 | -€6,175 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | -€370 | -€13,480 | -€13,110 | -3545.0% |
| Transfer from deferred taxes | 780 | €741 | - | -€741 | |
| Income taxes | 67/77 | €1,484 | €492 | -€992 | -66.8% |
| Profit (loss) for the period | 9904 | -€1,113 | -€13,972 | -€12,859 | -1155.4% |
| Transfer from tax-exempt reserves | 789 | €2,962 | - | -€2,962 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,849 | -€13,972 | -€15,821 |
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 5 October 2026 via checked.be.