STEEBEL: what changed
What changed
STEEBEL
NACE 46.190, Agents in non-specialised wholesale trade
filed annual accounts (NBB)
Net result for the year
-€2,332
2024 · -€16,835+€14,503
Equity
€611,402
2024 · €613,734-€2,332
Cash
€7,013
2024 · €7,423-€411
Balance sheet total
€938,821
2024 · €1.7m-€757,905
Largest movements
Assets
- Receivables within one year -€754,411
down €754,411 (-92.3%), from €817,274 to €62,863
Equity and liabilities
- Tax, wage and social debts -€755,745
down €755,745 (-95.6%), from €790,349 to €34,604
of which Remuneration and social security: -€735,553
- Debts after one year -€21,722
down €21,722 (-13.2%), from €164,651 to €142,929
- Other debts +€20,000
new in 2025: €20,000
Income statement
- Other operating charges -€7,132
down €7,132 (-40.8%), from €17,482 to €10,350
- Gross operating margin +€7,126
up €7,126 (+78.7%), from €9,058 to €16,184
- Financial charges -€256
down €256 (-2.0%), from €12,965 to €12,709
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
-€16,835
Gross operating margin
+€7,126
Other operating charges
+€7,132
Financial income
-€6
Financial charges
+€256
Taxes
-€6
Result 2025
-€2,332
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
+€20,975
Investment
€0
Financing
-€21,386
Cash 2024
€7,423
From operations (derived)
+€20,975
Net result for the year
-€2,332
Depreciation
+€14,386
Receivables after one year
-€11,302
Receivables within one year
+€754,411
Trade debts
+€1,557
Tax, wage and social debts
-€755,745
Other debts
+€20,000
Financing
-€21,386
Debts after one year
-€21,722
Current portion of long-term debt
+€336
Cash 2025
€7,013
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,696,727 | €938,821 | -€757,905 | -44.7% |
| Fixed assets | 21/28 | €389,810 | €375,424 | -€14,386 | -3.7% |
| Tangible fixed assets | 22/27 | €388,906 | €374,520 | -€14,386 | -3.7% |
| Land and buildings | 22 | €381,047 | €367,944 | -€13,103 | -3.4% |
| Plant, machinery and equipment | 23 | €7,859 | €6,575 | -€1,283 | -16.3% |
| Financial fixed assets | 28 | €904 | €904 | = | 0.0% |
| Current assets | 29/58 | €1,306,917 | €563,398 | -€743,519 | -56.9% |
| Amounts receivable after more than one year | 29 | €482,220 | €493,522 | +€11,302 | +2.3% |
| Other amounts receivable | 291 | €482,220 | €493,522 | +€11,302 | +2.3% |
| Amounts receivable within one year | 40/41 | €817,274 | €62,863 | -€754,411 | -92.3% |
| Other amounts receivable | 41 | €817,274 | €62,863 | -€754,411 | -92.3% |
| Cash at bank and in hand | 54/58 | €7,423 | €7,013 | -€411 | -5.5% |
| Total equity and liabilities | 10/49 | €1,696,727 | €938,821 | -€757,905 | -44.7% |
| Equity | 10/15 | €613,734 | €611,402 | -€2,332 | -0.4% |
| Contributions | 10/11 | €86,763 | €86,763 | = | 0.0% |
| Capital | 10 | €86,763 | €86,763 | = | 0.0% |
| Issued capital | 100 | €86,763 | €86,763 | = | 0.0% |
| Reserves | 13 | €526,971 | €524,639 | -€2,332 | -0.4% |
| Non-distributable reserves | 130/1 | €8,676 | €8,676 | = | 0.0% |
| Legal reserve | 130 | €8,676 | €8,676 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,940 | €13,940 | = | 0.0% |
| Distributable reserves | 133 | €504,355 | €502,023 | -€2,332 | -0.5% |
| Provisions and deferred taxes | 16 | €100,864 | €100,864 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €100,864 | €100,864 | = | 0.0% |
| Pensions and similar obligations | 160 | €100,864 | €100,864 | = | 0.0% |
| Amounts payable | 17/49 | €982,129 | €226,555 | -€755,573 | -76.9% |
| Amounts payable after more than one year | 17 | €164,651 | €142,929 | -€21,722 | -13.2% |
| Financial debts | 170/4 | €164,651 | €142,929 | -€21,722 | -13.2% |
| Amounts payable within one year | 42/48 | €817,478 | €83,627 | -€733,851 | -89.8% |
| Current portion of amounts payable after more than one year | 42 | €24,449 | €24,785 | +€336 | +1.4% |
| Trade debts | 44 | €2,680 | €4,238 | +€1,557 | +58.1% |
| Suppliers | 440/4 | €2,680 | €4,238 | +€1,557 | +58.1% |
| Taxes, remuneration and social security | 45 | €790,349 | €34,604 | -€755,745 | -95.6% |
| Taxes | 450/3 | €54,796 | €34,604 | -€20,192 | -36.8% |
| Remuneration and social security | 454/9 | €735,553 | - | -€735,553 | |
| Other amounts payable | 47/48 | - | €20,000 | +€20,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,386 | €14,386 | = | 0.0% |
| Other operating charges | 640/8 | €17,482 | €10,350 | -€7,132 | -40.8% |
| Gross operating margin | 9900 | €9,058 | €16,184 | +€7,126 | +78.7% |
| Operating profit (loss) | 9901 | -€22,810 | -€8,552 | +€14,258 | +62.5% |
| Financial income | 75/76B | €19,166 | €19,160 | -€6 | 0.0% |
| Recurring financial income | 75 | €19,166 | €19,160 | -€6 | 0.0% |
| Financial charges | 65/66B | €12,965 | €12,709 | -€256 | -2.0% |
| Recurring financial charges | 65 | €12,965 | €12,709 | -€256 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | -€16,610 | -€2,101 | +€14,509 | +87.4% |
| Income taxes | 67/77 | €225 | €231 | +€6 | +2.7% |
| Profit (loss) for the period | 9904 | -€16,835 | -€2,332 | +€14,503 | +86.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,835 | -€2,332 | +€14,503 | +86.1% |
Next steps
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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.