GROUP STEENBEKE: 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.
GROUP STEENBEKE
Largest movements
- Receivables within one year +€488,078
up €488,078 (+13.0%), from €3.7m to €4.2m
of which Other amounts receivable: +€478,280
- Financial fixed assets +€275,000
up €275,000 (+4.5%), from €6.1m to €6.4m
- Cash -€121,562
down €121,562 (-94.8%), from €128,249 to €6,687
mainly Receivables within one year (-€488,078) and Investment in fixed assets (net) (-€275,000)
- Other debts +€291,972
up €291,972 (+152%), from €192,458 to €484,430
- Reserves +€219,947
up €219,947 (+4.7%), from €4.7m to €4.9m
of which Distributable reserves: +€219,947
- Turnover -€211,795
down €211,795 (-38.7%), from €547,795 to €336,000
- Financial income +€86,845
up €86,845 (+71.6%), from €121,289 to €208,134
- Services and other goods -€84,627
down €84,627 (-25.4%), from €332,557 to €247,930
- Taxes -€8,357
down €8,357 (-9.8%), from €85,656 to €77,299
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 | €10,625,886 | €11,229,125 | +€603,239 | +5.7% |
| Fixed assets | 21/28 | €6,098,978 | €6,373,978 | +€275,000 | +4.5% |
| Financial fixed assets | 28 | €6,098,978 | €6,373,978 | +€275,000 | +4.5% |
| Affiliated companies | 280/1 | €6,098,978 | €6,373,978 | +€275,000 | +4.5% |
| Participating interests | 280 | €6,098,978 | €6,373,978 | +€275,000 | +4.5% |
| Current assets | 29/58 | €4,526,908 | €4,855,147 | +€328,239 | +7.3% |
| Amounts receivable after more than one year | 29 | €630,000 | €591,629 | -€38,371 | -6.1% |
| Other amounts receivable | 291 | €630,000 | €591,629 | -€38,371 | -6.1% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €3,744,580 | €4,232,658 | +€488,078 | +13.0% |
| Trade receivables | 40 | €38,161 | €47,959 | +€9,798 | +25.7% |
| Other amounts receivable | 41 | €3,706,419 | €4,184,699 | +€478,280 | +12.9% |
| Cash at bank and in hand | 54/58 | €128,249 | €6,687 | -€121,562 | -94.8% |
| Deferred charges and accrued income | 490/1 | €24,079 | €24,173 | +€94 | +0.4% |
| Total equity and liabilities | 10/49 | €10,625,886 | €11,229,125 | +€603,239 | +5.7% |
| Equity | 10/15 | €10,408,653 | €10,628,600 | +€219,947 | +2.1% |
| Contributions | 10/11 | €5,698,896 | €5,698,896 | = | 0.0% |
| Reserves | 13 | €4,709,757 | €4,929,704 | +€219,947 | +4.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €4,709,757 | €4,929,704 | +€219,947 | +4.7% |
| Amounts payable | 17/49 | €217,234 | €600,525 | +€383,292 | +176% |
| Amounts payable within one year | 42/48 | €217,234 | €600,525 | +€383,292 | +176% |
| Trade debts | 44 | €9,976 | €49,936 | +€39,961 | +401% |
| Suppliers | 440/4 | €9,976 | €49,936 | +€39,961 | +401% |
| Taxes, remuneration and social security | 45 | €14,800 | €66,159 | +€51,359 | +347% |
| Taxes | 450/3 | €14,677 | €55,851 | +€41,174 | +281% |
| Remuneration and social security | 454/9 | €123 | €10,308 | +€10,185 | +8,280% |
| Other amounts payable | 47/48 | €192,458 | €484,430 | +€291,972 | +152% |
| Operating income | 70/76A | €550,305 | €338,510 | -€211,795 | -38.5% |
| Turnover | 70 | €547,795 | €336,000 | -€211,795 | -38.7% |
| Other operating income | 74 | €2,510 | €2,510 | = | 0.0% |
| Operating charges | 60/66A | €333,765 | €249,247 | -€84,518 | -25.3% |
| Services and other goods | 61 | €332,557 | €247,930 | -€84,627 | -25.4% |
| Other operating charges | 640/8 | €1,208 | €1,318 | +€110 | +9.1% |
| Operating profit (loss) | 9901 | €216,540 | €89,262 | -€127,277 | -58.8% |
| Financial income | 75/76B | €121,289 | €208,134 | +€86,845 | +71.6% |
| Recurring financial income | 75 | €121,289 | €208,134 | +€86,845 | +71.6% |
| Income from current assets | 751 | €121,289 | €208,134 | +€86,845 | +71.6% |
| Financial charges | 65/66B | €1,165 | €150 | -€1,015 | -87.1% |
| Recurring financial charges | 65 | €1,165 | €150 | -€1,015 | -87.1% |
| Debt charges | 650 | €1,108 | €0 | -€1,108 | -100% |
| Other financial charges | 652/9 | €57 | €150 | +€93 | +163% |
| Profit (loss) for the period before taxes | 9903 | €336,664 | €297,246 | -€39,418 | -11.7% |
| Income taxes | 67/77 | €85,656 | €77,299 | -€8,357 | -9.8% |
| Taxes | 670/3 | €85,656 | €77,299 | -€8,357 | -9.8% |
| Profit (loss) for the period | 9904 | €251,008 | €219,947 | -€31,061 | -12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €251,008 | €219,947 | -€31,061 | -12.4% |
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 19 October 2026 via checked.be.