STEAK TARTARE: 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.
STEAK TARTARE
Largest movements
- Receivables within one year -€189,115
down €189,115 (-66.2%), from €285,850 to €96,735
of which Other amounts receivable: -€199,400
- Financial fixed assets +€113,500
up €113,500 (+7.4%), from €1.5m to €1.6m
- Debts after one year -€399,294
down €399,294 (-41.5%), from €962,040 to €562,746
- Other debts +€328,019
up €328,019 (+297%), from €110,284 to €438,303
- Reserves -€39,898
down €39,898 (-10.7%), from €374,316 to €334,417
- Financial income -€393,680
down €393,680 (-91.0%), from €432,569 to €38,889
- Gross operating margin -€51,556
down €51,556, from €31,561 to -€19,995
- Financial charges -€12,657
down €12,657 (-23.0%), from €54,923 to €42,266
- Taxes -€1,032
no longer reported in 2025 (was €1,032)
- Staff costs -€620
no longer reported in 2025 (was €620)
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 | €1,938,988 | €1,846,498 | -€92,490 | -4.8% |
| Fixed assets | 21/28 | €1,607,526 | €1,709,284 | +€101,757 | +6.3% |
| Tangible fixed assets | 22/27 | €76,476 | €64,734 | -€11,743 | -15.4% |
| Land and buildings | 22 | €36,062 | €31,623 | -€4,439 | -12.3% |
| Furniture and vehicles | 24 | €27,414 | €20,111 | -€7,303 | -26.6% |
| Other tangible fixed assets | 26 | €13,000 | €13,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,531,050 | €1,644,550 | +€113,500 | +7.4% |
| Current assets | 29/58 | €331,462 | €137,214 | -€194,247 | -58.6% |
| Amounts receivable after more than one year | 29 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 291 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €285,850 | €96,735 | -€189,115 | -66.2% |
| Trade receivables | 40 | - | €10,285 | +€10,285 | |
| Other amounts receivable | 41 | €285,850 | €86,450 | -€199,400 | -69.8% |
| Cash at bank and in hand | 54/58 | €20,612 | €8,679 | -€11,932 | -57.9% |
| Deferred charges and accrued income | 490/1 | - | €6,800 | +€6,800 | |
| Total equity and liabilities | 10/49 | €1,938,988 | €1,846,498 | -€92,490 | -4.8% |
| Equity | 10/15 | €574,316 | €534,417 | -€39,898 | -6.9% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €374,316 | €334,417 | -€39,898 | -10.7% |
| Distributable reserves | 133 | €374,316 | €334,417 | -€39,898 | -10.7% |
| Amounts payable | 17/49 | €1,364,672 | €1,312,081 | -€52,592 | -3.9% |
| Amounts payable after more than one year | 17 | €962,040 | €562,746 | -€399,294 | -41.5% |
| Financial debts | 170/4 | €962,040 | €562,746 | -€399,294 | -41.5% |
| Amounts payable within one year | 42/48 | €361,394 | €689,493 | +€328,099 | +90.8% |
| Current portion of amounts payable after more than one year | 42 | €229,537 | €215,981 | -€13,557 | -5.9% |
| Trade debts | 44 | €12,924 | €29,735 | +€16,811 | +130% |
| Suppliers | 440/4 | €12,924 | €29,735 | +€16,811 | +130% |
| Taxes, remuneration and social security | 45 | €8,649 | €5,475 | -€3,174 | -36.7% |
| Taxes | 450/3 | €8,649 | €5,475 | -€3,174 | -36.7% |
| Other amounts payable | 47/48 | €110,284 | €438,303 | +€328,019 | +297% |
| Accrued charges and deferred income | 492/3 | €41,238 | €59,841 | +€18,603 | +45.1% |
| Remuneration, social security and pensions | 62 | €620 | - | -€620 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,809 | €15,103 | +€295 | +2.0% |
| Other operating charges | 640/8 | €1,992 | €1,423 | -€569 | -28.6% |
| Gross operating margin | 9900 | €31,561 | -€19,995 | -€51,556 | |
| Operating profit (loss) | 9901 | €14,140 | -€36,521 | -€50,661 | |
| Financial income | 75/76B | €432,569 | €38,889 | -€393,680 | -91.0% |
| Recurring financial income | 75 | €432,569 | €38,889 | -€393,680 | -91.0% |
| Financial charges | 65/66B | €54,923 | €42,266 | -€12,657 | -23.0% |
| Recurring financial charges | 65 | €54,923 | €42,266 | -€12,657 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €391,786 | -€39,898 | -€431,684 | |
| Income taxes | 67/77 | €1,032 | - | -€1,032 | |
| Profit (loss) for the period | 9904 | €390,754 | -€39,898 | -€430,652 | |
| Profit (loss) for the period to be appropriated | 9905 | €390,754 | -€39,898 | -€430,652 |
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 20 October 2026 via checked.be.