Gebrüder STEFFENS: what changed
What changed
Gebrüder STEFFENS
NACE 47.221, Retail sale of meat and meat products, excluding game and poultry
filed annual accounts (NBB)
Net result for the year
-€3,770
2024 · €31,416-€35,186
Equity
€67,307
2024 · €71,077-€3,770
Cash
€8,112
2024 · €6,281+€1,832
Balance sheet total
€908,984
2024 · €493,641+€415,343
Largest movements
Assets
- Tangible fixed assets +€509,644
up €509,644 (+155%), from €328,318 to €837,962
of which Land and buildings: +€514,844
- Current investments -€105,000
down €105,000 (-68.6%), from €153,000 to €48,000
Equity and liabilities
- Debts after one year +€454,116
up €454,116 (+140%), from €324,877 to €778,993
of which Other amounts payable: +€480,000
- Tax, wage and social debts -€20,598
down €20,598 (-86.4%), from €23,833 to €3,235
of which Taxes: -€15,334
- Trade debts -€18,057
down €18,057 (-50.5%), from €35,756 to €17,698
Income statement
- Depreciation +€26,916
up €26,916 (+57.7%), from €46,612 to €73,528
- Gross operating margin -€26,038
down €26,038 (-15.9%), from €163,573 to €137,535
- Taxes -€18,222
down €18,222 (-94.6%), from €19,266 to €1,044
- Staff costs +€2,248
up €2,248 (+4.5%), from €49,506 to €51,753
- Financial charges -€2,213
down €2,213 (-20.8%), from €10,663 to €8,450
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€31,416
Gross operating margin
-€26,038
Staff costs
-€2,248
Depreciation
-€26,916
Other operating charges
-€337
Financial income
+€382
Financial charges
+€2,213
Taxes
+€18,222
Deferred taxes and other
-€465
Result 2025
-€3,770
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€25,272
Investment
-€478,173
Financing
+€454,733
Cash 2024
€6,281
From operations (derived)
+€25,272
Net result for the year
-€3,770
Depreciation
+€73,528
Receivables within one year
-€8,870
Smaller working-capital items
-€994
Trade debts
-€18,057
Tax, wage and social debts
-€20,598
Other debts
+€4,031
Investment (derived)
-€478,173
Investment in fixed assets (net)
-€583,173
Current investments
+€105,000
Financing
+€454,733
Debts after one year
+€454,116
Current portion of long-term debt
+€617
Cash 2025
€8,112
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €493,641 | €908,984 | +€415,343 | +84.1% |
| Fixed assets | 21/28 | €328,318 | €837,962 | +€509,644 | +155% |
| Tangible fixed assets | 22/27 | €328,318 | €837,962 | +€509,644 | +155% |
| Land and buildings | 22 | €296,650 | €811,494 | +€514,844 | +174% |
| Plant, machinery and equipment | 23 | €5,041 | €2,954 | -€2,087 | -41.4% |
| Furniture and vehicles | 24 | €26,627 | €23,514 | -€3,112 | -11.7% |
| Current assets | 29/58 | €165,323 | €71,022 | -€94,301 | -57.0% |
| Stocks and contracts in progress | 3 | €2,650 | €2,650 | = | 0.0% |
| Stocks | 30/36 | €2,650 | €2,650 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,130 | €10,000 | +€8,870 | +785% |
| Trade receivables | 40 | €1,130 | - | -€1,130 | |
| Other amounts receivable | 41 | - | €10,000 | +€10,000 | |
| Current investments | 50/53 | €153,000 | €48,000 | -€105,000 | -68.6% |
| Cash at bank and in hand | 54/58 | €6,281 | €8,112 | +€1,832 | +29.2% |
| Deferred charges and accrued income | 490/1 | €2,262 | €2,260 | -€2 | -0.1% |
| Total equity and liabilities | 10/49 | €493,641 | €908,984 | +€415,343 | +84.1% |
| Equity | 10/15 | €71,077 | €67,307 | -€3,770 | -5.3% |
| Contributions | 10/11 | €6,605 | €6,605 | = | 0.0% |
| Reserves | 13 | €102,886 | €99,898 | -€2,988 | -2.9% |
| Tax-exempt reserves | 132 | €16,819 | €13,831 | -€2,988 | -17.8% |
| Distributable reserves | 133 | €86,067 | €86,067 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,415 | -€39,196 | -€782 | -2.0% |
| Provisions and deferred taxes | 16 | €5,606 | €4,610 | -€996 | -17.8% |
| Deferred taxes | 168 | €5,606 | €4,610 | -€996 | -17.8% |
| Amounts payable | 17/49 | €416,958 | €837,067 | +€420,109 | +101% |
| Amounts payable after more than one year | 17 | €324,877 | €778,993 | +€454,116 | +140% |
| Financial debts | 170/4 | €324,877 | €298,993 | -€25,884 | -8.0% |
| Other amounts payable | 178/9 | - | €480,000 | +€480,000 | |
| Amounts payable within one year | 42/48 | €92,082 | €58,075 | -€34,007 | -36.9% |
| Current portion of amounts payable after more than one year | 42 | €25,267 | €25,884 | +€617 | +2.4% |
| Trade debts | 44 | €35,756 | €17,698 | -€18,057 | -50.5% |
| Suppliers | 440/4 | €35,756 | €17,698 | -€18,057 | -50.5% |
| Taxes, remuneration and social security | 45 | €23,833 | €3,235 | -€20,598 | -86.4% |
| Taxes | 450/3 | €16,451 | €1,116 | -€15,334 | -93.2% |
| Remuneration and social security | 454/9 | €7,382 | €2,119 | -€5,264 | -71.3% |
| Other amounts payable | 47/48 | €7,226 | €11,257 | +€4,031 | +55.8% |
| Remuneration, social security and pensions | 62 | €49,506 | €51,753 | +€2,248 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,612 | €73,528 | +€26,916 | +57.7% |
| Other operating charges | 640/8 | €8,911 | €9,248 | +€337 | +3.8% |
| Gross operating margin | 9900 | €163,573 | €137,535 | -€26,038 | -15.9% |
| Operating profit (loss) | 9901 | €58,545 | €3,006 | -€55,539 | -94.9% |
| Financial income | 75/76B | €1,340 | €1,722 | +€382 | +28.5% |
| Recurring financial income | 75 | €1,340 | €1,722 | +€382 | +28.5% |
| Financial charges | 65/66B | €10,663 | €8,450 | -€2,213 | -20.8% |
| Recurring financial charges | 65 | €10,663 | €8,450 | -€2,213 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €49,222 | -€3,722 | -€52,943 | |
| Transfer from deferred taxes | 780 | €1,461 | €996 | -€465 | -31.8% |
| Income taxes | 67/77 | €19,266 | €1,044 | -€18,222 | -94.6% |
| Profit (loss) for the period | 9904 | €31,416 | -€3,770 | -€35,186 | |
| Transfer from tax-exempt reserves | 789 | €4,382 | €2,988 | -€1,394 | -31.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,798 | -€782 | -€36,579 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.