OP DE STEENWEG: 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.
OP DE STEENWEG
Largest movements
- Receivables after one year +€62,480
new in 2025: €62,480
- Cash -€48,048
down €48,048 (-71.8%), from €66,939 to €18,891
mainly Receivables after one year (-€62,480) and Investment in fixed assets (net) (-€40,922)
- Tangible fixed assets +€39,106
up €39,106 (+975%), from €4,010 to €43,116
of which Furniture and vehicles: +€35,650
- Stocks and contracts +€8,660
up €8,660 (+9.7%), from €89,440 to €98,100
- Intangible fixed assets -€8,000
down €8,000 (-26.7%), from €29,957 to €21,957
- Reserves +€30,234
up €30,234 (+185%), from €16,317 to €46,551
- Debts after one year +€16,955
up €16,955 (+124%), from €13,685 to €30,640
- Tax, wage and social debts +€10,996
up €10,996 (+134%), from €8,192 to €19,188
- Current portion of long-term debt +€7,150
up €7,150 (+159%), from €4,511 to €11,661
- Trade debts -€5,517
down €5,517 (-27.3%), from €20,186 to €14,669
- Gross operating margin +€19,747
up €19,747 (+46.3%), from €42,624 to €62,371
- Taxes +€8,017
up €8,017 (+97.9%), from €8,192 to €16,209
- Other operating charges -€2,715
down €2,715 (-66.8%), from €4,066 to €1,351
- Depreciation +€1,403
up €1,403 (+16.7%), from €8,413 to €9,816
- Financial income +€916
up €916 (+11,450%), from €8 to €924
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 | €196,930 | €256,658 | +€59,728 | +30.3% |
| Fixed assets | 21/28 | €35,417 | €66,523 | +€31,106 | +87.8% |
| Intangible fixed assets | 21 | €29,957 | €21,957 | -€8,000 | -26.7% |
| Tangible fixed assets | 22/27 | €4,010 | €43,116 | +€39,106 | +975% |
| Land and buildings | 22 | €3,483 | €6,939 | +€3,456 | +99.2% |
| Furniture and vehicles | 24 | €527 | €36,177 | +€35,650 | +6,765% |
| Financial fixed assets | 28 | €1,450 | €1,450 | = | 0.0% |
| Current assets | 29/58 | €161,513 | €190,135 | +€28,622 | +17.7% |
| Amounts receivable after more than one year | 29 | - | €62,480 | +€62,480 | |
| Other amounts receivable | 291 | - | €62,480 | +€62,480 | |
| Stocks and contracts in progress | 3 | €89,440 | €98,100 | +€8,660 | +9.7% |
| Stocks | 30/36 | €89,440 | €98,100 | +€8,660 | +9.7% |
| Amounts receivable within one year | 40/41 | €5,134 | €9,013 | +€3,879 | +75.6% |
| Trade receivables | 40 | €3,845 | €4,171 | +€326 | +8.5% |
| Other amounts receivable | 41 | €1,289 | €4,842 | +€3,553 | +276% |
| Cash at bank and in hand | 54/58 | €66,939 | €18,891 | -€48,048 | -71.8% |
| Deferred charges and accrued income | 490/1 | - | €1,651 | +€1,651 | |
| Total equity and liabilities | 10/49 | €196,930 | €256,658 | +€59,728 | +30.3% |
| Equity | 10/15 | €150,266 | €180,500 | +€30,234 | +20.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,317 | €46,551 | +€30,234 | +185% |
| Distributable reserves | 133 | €16,317 | €46,551 | +€30,234 | +185% |
| Profit (loss) carried forward | 14 | €115,349 | €115,349 | = | 0.0% |
| Amounts payable | 17/49 | €46,664 | €76,158 | +€29,494 | +63.2% |
| Amounts payable after more than one year | 17 | €13,685 | €30,640 | +€16,955 | +124% |
| Financial debts | 170/4 | €13,685 | €30,640 | +€16,955 | +124% |
| Amounts payable within one year | 42/48 | €32,961 | €45,518 | +€12,557 | +38.1% |
| Current portion of amounts payable after more than one year | 42 | €4,511 | €11,661 | +€7,150 | +159% |
| Trade debts | 44 | €20,186 | €14,669 | -€5,517 | -27.3% |
| Suppliers | 440/4 | €20,186 | €14,669 | -€5,517 | -27.3% |
| Taxes, remuneration and social security | 45 | €8,192 | €19,188 | +€10,996 | +134% |
| Taxes | 450/3 | €8,192 | €19,188 | +€10,996 | +134% |
| Other amounts payable | 47/48 | €72 | - | -€72 | |
| Accrued charges and deferred income | 492/3 | €18 | - | -€18 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,413 | €9,816 | +€1,403 | +16.7% |
| Other operating charges | 640/8 | €4,066 | €1,351 | -€2,715 | -66.8% |
| Gross operating margin | 9900 | €42,624 | €62,371 | +€19,747 | +46.3% |
| Operating profit (loss) | 9901 | €30,145 | €51,204 | +€21,059 | +69.9% |
| Financial income | 75/76B | €8 | €924 | +€916 | +11,450% |
| Recurring financial income | 75 | €8 | €924 | +€916 | +11,450% |
| Financial charges | 65/66B | €5,644 | €5,685 | +€41 | +0.7% |
| Recurring financial charges | 65 | €5,644 | €5,685 | +€41 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €24,509 | €46,443 | +€21,934 | +89.5% |
| Income taxes | 67/77 | €8,192 | €16,209 | +€8,017 | +97.9% |
| Profit (loss) for the period | 9904 | €16,317 | €30,234 | +€13,917 | +85.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,317 | €30,234 | +€13,917 | +85.3% |
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 27 October 2026 via checked.be.