HET STEEN: 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.
HET STEEN
Largest movements
- Tangible fixed assets -€8,109
down €8,109 (-2.8%), from €291,829 to €283,720
of which Land and buildings: -€5,193
- Cash +€3,216
up €3,216 (+212.2%), from €1,516 to €4,732
mainly Other debts (+€21,000) and Depreciation (+€8,233)
- Other debts +€21,000
up €21,000 (+11.2%), from €186,702 to €207,702
- Profit (loss) carried forward -€14,327
down €14,327 (-11.0%), from -€130,835 to -€145,162
- Debts after one year -€12,747
down €12,747 (-9.6%), from €133,039 to €120,292
- Gross operating margin +€10,277
up €10,277 (+75.8%), from -€13,550 to -€3,273
- Depreciation +€158
up €158 (+2.0%), from €8,075 to €8,233
- Financial charges -€143
down €143 (-8.9%), from €1,598 to €1,455
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 | €296,544 | €288,688 | -€7,856 | -2.6% |
| Formation expenses | 20 | €124 | - | -€124 | |
| Fixed assets | 21/28 | €291,829 | €283,720 | -€8,109 | -2.8% |
| Tangible fixed assets | 22/27 | €291,829 | €283,720 | -€8,109 | -2.8% |
| Land and buildings | 22 | €286,152 | €280,960 | -€5,193 | -1.8% |
| Plant, machinery and equipment | 23 | €5,677 | €2,761 | -€2,916 | -51.4% |
| Current assets | 29/58 | €4,591 | €4,968 | +€377 | +8.2% |
| Amounts receivable within one year | 40/41 | €2,123 | €237 | -€1,887 | -88.9% |
| Other amounts receivable | 41 | €2,123 | €237 | -€1,887 | -88.9% |
| Cash at bank and in hand | 54/58 | €1,516 | €4,732 | +€3,216 | +212.2% |
| Deferred charges and accrued income | 490/1 | €953 | - | -€953 | |
| Total equity and liabilities | 10/49 | €296,544 | €288,688 | -€7,856 | -2.6% |
| Equity | 10/15 | -€37,835 | -€52,162 | -€14,327 | -37.9% |
| Contributions | 10/11 | €93,000 | €93,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€130,835 | -€145,162 | -€14,327 | -11.0% |
| Amounts payable | 17/49 | €334,379 | €340,850 | +€6,472 | +1.9% |
| Amounts payable after more than one year | 17 | €133,039 | €120,292 | -€12,747 | -9.6% |
| Financial debts | 170/4 | €133,039 | €120,292 | -€12,747 | -9.6% |
| Amounts payable within one year | 42/48 | €201,339 | €220,541 | +€19,202 | +9.5% |
| Current portion of amounts payable after more than one year | 42 | €12,628 | €12,747 | +€120 | +0.9% |
| Trade debts | 44 | €1,811 | €92 | -€1,720 | -94.9% |
| Suppliers | 440/4 | €1,811 | €92 | -€1,720 | -94.9% |
| Taxes, remuneration and social security | 45 | €198 | - | -€198 | |
| Taxes | 450/3 | €198 | - | -€198 | |
| Other amounts payable | 47/48 | €186,702 | €207,702 | +€21,000 | +11.2% |
| Accrued charges and deferred income | 492/3 | - | €17 | +€17 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,075 | €8,233 | +€158 | +2.0% |
| Other operating charges | 640/8 | €1,439 | €1,367 | -€72 | -5.0% |
| Gross operating margin | 9900 | -€13,550 | -€3,273 | +€10,277 | +75.8% |
| Operating profit (loss) | 9901 | -€23,064 | -€12,872 | +€10,192 | +44.2% |
| Financial charges | 65/66B | €1,598 | €1,455 | -€143 | -8.9% |
| Recurring financial charges | 65 | €1,598 | €1,455 | -€143 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | -€24,662 | -€14,327 | +€10,335 | +41.9% |
| Profit (loss) for the period | 9904 | -€24,662 | -€14,327 | +€10,335 | +41.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,662 | -€14,327 | +€10,335 | +41.9% |
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 4 October 2026 via checked.be.