Steamy Windows: 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.
Steamy Windows
Largest movements
- Cash -€11,928
down €11,928 (-33.5%), from €35,615 to €23,688
mainly Net result for the year (-€54,124) and Investment in fixed assets (net) (-€25,487)
- Receivables within one year +€10,171
up €10,171 (+24.1%), from €42,256 to €52,427
of which Trade receivables: +€7,001
- Tangible fixed assets +€7,970
up €7,970 (+5.7%), from €139,486 to €147,456
of which Other tangible fixed assets: +€6,064
- Stocks and contracts +€6,188
up €6,188 (+141.1%), from €4,385 to €10,574
- Profit (loss) carried forward -€54,124
down €54,124 (-64.1%), from €84,469 to €30,346
- Tax, wage and social debts +€30,094
up €30,094 (+153.2%), from €19,640 to €49,735
of which Remuneration and social security: +€21,811
- Other debts +€28,528
up €28,528 (+85.0%), from €33,579 to €62,107
- Trade debts +€12,608
up €12,608 (+73.5%), from €17,164 to €29,772
- Current portion of long-term debt -€8,939
down €8,939 (-28.5%), from €31,378 to €22,439
- Staff costs +€17,046
up €17,046 (+7.2%), from €238,372 to €255,418
- Taxes +€9,682
up €9,682 (+2268.5%), from €427 to €10,109
- Gross operating margin -€8,050
down €8,050 (-3.0%), from €266,538 to €258,488
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 | €223,743 | €236,444 | +€12,701 | +5.7% |
| Fixed assets | 21/28 | €141,486 | €149,756 | +€8,270 | +5.8% |
| Tangible fixed assets | 22/27 | €139,486 | €147,456 | +€7,970 | +5.7% |
| Land and buildings | 22 | €123,720 | €127,667 | +€3,947 | +3.2% |
| Plant, machinery and equipment | 23 | €13,287 | €10,482 | -€2,805 | -21.1% |
| Furniture and vehicles | 24 | €2,479 | €3,243 | +€764 | +30.8% |
| Other tangible fixed assets | 26 | - | €6,064 | +€6,064 | |
| Financial fixed assets | 28 | €2,000 | €2,300 | +€300 | +15.0% |
| Current assets | 29/58 | €82,257 | €86,688 | +€4,431 | +5.4% |
| Stocks and contracts in progress | 3 | €4,385 | €10,574 | +€6,188 | +141.1% |
| Stocks | 30/36 | €4,385 | €10,574 | +€6,188 | +141.1% |
| Amounts receivable within one year | 40/41 | €42,256 | €52,427 | +€10,171 | +24.1% |
| Trade receivables | 40 | €17,553 | €24,554 | +€7,001 | +39.9% |
| Other amounts receivable | 41 | €24,703 | €27,873 | +€3,170 | +12.8% |
| Cash at bank and in hand | 54/58 | €35,615 | €23,688 | -€11,928 | -33.5% |
| Total equity and liabilities | 10/49 | €223,743 | €236,444 | +€12,701 | +5.7% |
| Equity | 10/15 | €85,569 | €31,446 | -€54,124 | -63.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | €1,000 | €1,000 | = | 0.0% |
| Issued capital | 100 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Legal reserve | 130 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,469 | €30,346 | -€54,124 | -64.1% |
| Amounts payable | 17/49 | €138,174 | €204,998 | +€66,825 | +48.4% |
| Amounts payable after more than one year | 17 | €34,321 | €40,946 | +€6,625 | +19.3% |
| Financial debts | 170/4 | €34,321 | €40,946 | +€6,625 | +19.3% |
| Amounts payable within one year | 42/48 | €101,762 | €164,053 | +€62,291 | +61.2% |
| Current portion of amounts payable after more than one year | 42 | €31,378 | €22,439 | -€8,939 | -28.5% |
| Trade debts | 44 | €17,164 | €29,772 | +€12,608 | +73.5% |
| Suppliers | 440/4 | €17,164 | €29,772 | +€12,608 | +73.5% |
| Taxes, remuneration and social security | 45 | €19,640 | €49,735 | +€30,094 | +153.2% |
| Taxes | 450/3 | €7,173 | €15,456 | +€8,283 | +115.5% |
| Remuneration and social security | 454/9 | €12,468 | €34,279 | +€21,811 | +174.9% |
| Other amounts payable | 47/48 | €33,579 | €62,107 | +€28,528 | +85.0% |
| Accrued charges and deferred income | 492/3 | €2,091 | - | -€2,091 | |
| Non-recurring operating income | 76A | - | €3,602 | +€3,602 | |
| Remuneration, social security and pensions | 62 | €238,372 | €255,418 | +€17,046 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,584 | €17,217 | -€1,367 | -7.4% |
| Other operating charges | 640/8 | €1,536 | €1,303 | -€233 | -15.2% |
| Non-recurring operating charges | 66A | - | €20,661 | +€20,661 | |
| Gross operating margin | 9900 | €266,538 | €258,488 | -€8,050 | -3.0% |
| Operating profit (loss) | 9901 | €8,046 | -€36,110 | -€44,157 | |
| Financial income | 75/76B | - | €327 | +€327 | |
| Recurring financial income | 75 | - | €327 | +€327 | |
| Financial charges | 65/66B | €9,632 | €8,232 | -€1,400 | -14.5% |
| Recurring financial charges | 65 | €9,632 | €8,232 | -€1,400 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,586 | -€44,015 | -€42,429 | -2674.9% |
| Income taxes | 67/77 | €427 | €10,109 | +€9,682 | +2268.5% |
| Profit (loss) for the period | 9904 | -€2,013 | -€54,124 | -€52,111 | -2588.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,013 | -€54,124 | -€52,111 | -2588.8% |
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 12 October 2026 via checked.be.