IN DE STEEG: what changed
What changed
IN DE STEEG
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
€19,636
2024 · €5,302+€14,335
Equity
€547,296
2024 · €527,660+€19,636
Cash
€336,597
2024 · €778,712-€442,116
Balance sheet total
€1.2m
2024 · €1.8m-€611,453
Largest movements
Assets
- Cash -€442,116
down €442,116 (-56.8%), from €778,712 to €336,597
mainly Other debts (-€592,509) and Debts after one year (-€47,193)
- Receivables within one year -€114,433
down €114,433 (-96.6%), from €118,470 to €4,036
of which Other amounts receivable: -€114,433
- Tangible fixed assets -€56,682
down €56,682 (-6.5%), from €878,024 to €821,342
of which Land and buildings: -€56,682
Equity and liabilities
- Other debts -€592,509
down €592,509 (-80.2%), from €738,356 to €145,847
- Debts after one year -€47,193
down €47,193 (-10.2%), from €464,064 to €416,871
- Reserves +€19,636
up €19,636 (+3.8%), from €517,793 to €537,429
Income statement
- Gross operating margin +€23,452
up €23,452 (+26.5%), from €88,344 to €111,797
- Depreciation +€7,675
up €7,675 (+14.2%), from €53,880 to €61,555
- Taxes +€1,433
up €1,433 (+270%), from €530 to €1,964
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
€5,302
Gross operating margin
+€23,452
Depreciation
-€7,675
Other operating charges
-€278
Financial charges
+€268
Taxes
-€1,433
Result 2025
€19,636
raises the resultlowers the result
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
-€392,117
Investment
-€4,873
Financing
-€45,127
Cash 2024
€778,712
From operations (derived)
-€392,117
Net result for the year
+€19,636
Depreciation
+€61,555
Receivables within one year
+€114,433
Deferred charges and accrued income
-€1,779
Trade debts
+€27
Tax, wage and social debts
+€6,520
Other debts
-€592,509
Investment (derived)
-€4,873
Investment in fixed assets (net)
-€4,873
Financing
-€45,127
Debts after one year
-€47,193
Current portion of long-term debt
+€2,066
Cash 2025
€336,597
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,775,207 | €1,163,754 | -€611,453 | -34.4% |
| Fixed assets | 21/28 | €878,024 | €821,342 | -€56,682 | -6.5% |
| Tangible fixed assets | 22/27 | €878,024 | €821,342 | -€56,682 | -6.5% |
| Land and buildings | 22 | €878,024 | €821,342 | -€56,682 | -6.5% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €897,182 | €342,412 | -€554,770 | -61.8% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €118,470 | €4,036 | -€114,433 | -96.6% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €118,470 | €4,036 | -€114,433 | -96.6% |
| Cash at bank and in hand | 54/58 | €778,712 | €336,597 | -€442,116 | -56.8% |
| Deferred charges and accrued income | 490/1 | €0 | €1,779 | +€1,779 | |
| Total equity and liabilities | 10/49 | €1,775,207 | €1,163,754 | -€611,453 | -34.4% |
| Equity | 10/15 | €527,660 | €547,296 | +€19,636 | +3.7% |
| Contributions | 10/11 | €9,867 | €9,867 | = | 0.0% |
| Reserves | 13 | €517,793 | €537,429 | +€19,636 | +3.8% |
| Distributable reserves | 133 | €517,793 | €537,429 | +€19,636 | +3.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,247,547 | €616,458 | -€631,089 | -50.6% |
| Amounts payable after more than one year | 17 | €464,064 | €416,871 | -€47,193 | -10.2% |
| Financial debts | 170/4 | €464,064 | €416,871 | -€47,193 | -10.2% |
| Amounts payable within one year | 42/48 | €783,483 | €199,587 | -€583,896 | -74.5% |
| Current portion of amounts payable after more than one year | 42 | €45,127 | €47,193 | +€2,066 | +4.6% |
| Trade debts | 44 | €0 | €27 | +€27 | |
| Suppliers | 440/4 | €0 | €27 | +€27 | |
| Taxes, remuneration and social security | 45 | €0 | €6,520 | +€6,520 | |
| Taxes | 450/3 | €0 | €6,520 | +€6,520 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €738,356 | €145,847 | -€592,509 | -80.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,880 | €61,555 | +€7,675 | +14.2% |
| Other operating charges | 640/8 | €7,759 | €8,037 | +€278 | +3.6% |
| Gross operating margin | 9900 | €88,344 | €111,797 | +€23,452 | +26.5% |
| Operating profit (loss) | 9901 | €26,705 | €42,205 | +€15,500 | +58.0% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €20,873 | €20,605 | -€268 | -1.3% |
| Recurring financial charges | 65 | €20,873 | €20,605 | -€268 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €5,832 | €21,600 | +€15,768 | +270% |
| Income taxes | 67/77 | €530 | €1,964 | +€1,433 | +270% |
| Profit (loss) for the period | 9904 | €5,302 | €19,636 | +€14,335 | +270% |
| Profit (loss) for the period to be appropriated | 9905 | €5,302 | €19,636 | +€14,335 | +270% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.