DR. STEENKISTE EDWIN: 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.
DR. STEENKISTE EDWIN
Largest movements
- Current investments +€400,000
up €400,000 (+200%), from €200,000 to €600,000
- Cash -€229,424
down €229,424 (-26.4%), from €869,034 to €639,609
mainly Current investments (-€400,000) and Contributions, distributions and other (-€193,410)
- Tangible fixed assets -€15,571
down €15,571 (-21.8%), from €71,542 to €55,971
of which Furniture and vehicles: -€15,424
- Other debts +€112,563
up €112,563 (+686%), from €16,408 to €128,971
- Reserves +€31,603
up €31,603 (+2.7%), from €1.2m to €1.2m
- Gross operating margin -€15,459
down €15,459 (-4.5%), from €342,928 to €327,469
- Financial income +€11,169
up €11,169 (+106%), from €10,510 to €21,678
- Depreciation +€8,786
up €8,786 (+129%), from €6,786 to €15,571
- Financial charges +€6,386
up €6,386 (+301%), from €2,119 to €8,505
- Taxes -€4,527
down €4,527 (-4.4%), from €103,492 to €98,965
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 | €1,248,370 | €1,399,806 | +€151,436 | +12.1% |
| Fixed assets | 21/28 | €77,449 | €59,858 | -€17,591 | -22.7% |
| Tangible fixed assets | 22/27 | €71,542 | €55,971 | -€15,571 | -21.8% |
| Plant, machinery and equipment | 23 | €1,335 | €1,188 | -€147 | -11.0% |
| Furniture and vehicles | 24 | €70,207 | €54,782 | -€15,424 | -22.0% |
| Financial fixed assets | 28 | €5,907 | €3,887 | -€2,020 | -34.2% |
| Current assets | 29/58 | €1,170,921 | €1,339,948 | +€169,027 | +14.4% |
| Amounts receivable within one year | 40/41 | €98,133 | €91,418 | -€6,716 | -6.8% |
| Trade receivables | 40 | - | €1,378 | +€1,378 | |
| Other amounts receivable | 41 | €98,133 | €90,040 | -€8,093 | -8.2% |
| Current investments | 50/53 | €200,000 | €600,000 | +€400,000 | +200% |
| Cash at bank and in hand | 54/58 | €869,034 | €639,609 | -€229,424 | -26.4% |
| Deferred charges and accrued income | 490/1 | €3,754 | €8,921 | +€5,167 | +138% |
| Total equity and liabilities | 10/49 | €1,248,370 | €1,399,806 | +€151,436 | +12.1% |
| Equity | 10/15 | €1,200,532 | €1,232,135 | +€31,603 | +2.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,188,132 | €1,219,735 | +€31,603 | +2.7% |
| Distributable reserves | 133 | €1,188,132 | €1,219,735 | +€31,603 | +2.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €47,838 | €167,672 | +€119,834 | +250% |
| Amounts payable within one year | 42/48 | €47,838 | €159,252 | +€111,414 | +233% |
| Trade debts | 44 | €145 | €515 | +€370 | +256% |
| Suppliers | 440/4 | €145 | €515 | +€370 | +256% |
| Taxes, remuneration and social security | 45 | €31,285 | €29,766 | -€1,519 | -4.9% |
| Taxes | 450/3 | €27,360 | €25,841 | -€1,519 | -5.6% |
| Remuneration and social security | 454/9 | €3,925 | €3,925 | = | 0.0% |
| Other amounts payable | 47/48 | €16,408 | €128,971 | +€112,563 | +686% |
| Accrued charges and deferred income | 492/3 | - | €8,420 | +€8,420 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,786 | €15,571 | +€8,786 | +129% |
| Other operating charges | 640/8 | €841 | €1,094 | +€253 | +30.1% |
| Gross operating margin | 9900 | €342,928 | €327,469 | -€15,459 | -4.5% |
| Operating profit (loss) | 9901 | €335,302 | €310,804 | -€24,498 | -7.3% |
| Financial income | 75/76B | €10,510 | €21,678 | +€11,169 | +106% |
| Recurring financial income | 75 | €10,510 | €21,678 | +€11,169 | +106% |
| Financial charges | 65/66B | €2,119 | €8,505 | +€6,386 | +301% |
| Recurring financial charges | 65 | €2,119 | €8,505 | +€6,386 | +301% |
| Profit (loss) for the period before taxes | 9903 | €343,693 | €323,978 | -€19,715 | -5.7% |
| Income taxes | 67/77 | €103,492 | €98,965 | -€4,527 | -4.4% |
| Profit (loss) for the period | 9904 | €240,200 | €225,013 | -€15,188 | -6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €240,200 | €225,013 | -€15,188 | -6.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.