STEEGMANS: 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.
STEEGMANS
Largest movements
- Receivables within one year +€33,086
up €33,086 (+517.1%), from €6,398 to €39,485
of which Trade receivables: +€35,281
- Stocks and contracts -€12,399
down €12,399 (-26.1%), from €47,499 to €35,100
- Other debts +€66,838
up €66,838 (+12.0%), from €559,268 to €626,106
- Profit (loss) carried forward -€24,130
down €24,130 (-144.0%), from -€16,755 to -€40,884
- Reserves -€17,422
down €17,422 (-42.0%), from €41,472 to €24,050
of which Tax-exempt reserves: -€12,000
- Gross operating margin -€37,063
down €37,063 (-77.1%), from €48,040 to €10,977
- Depreciation +€4,475
up €4,475 (+11.9%), from €37,604 to €42,079
- Staff costs +€3,966
up €3,966 (+640.6%), from €619 to €4,585
- Taxes +€3,202
new in 2025: €3,202
- Financial charges -€1,292
down €1,292 (-47.4%), from €2,726 to €1,434
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 | €665,885 | €686,273 | +€20,389 | +3.1% |
| Formation expenses | 20 | €2,800 | €2,800 | = | 0.0% |
| Fixed assets | 21/28 | €580,252 | €580,056 | -€195 | 0.0% |
| Tangible fixed assets | 22/27 | €580,252 | €580,056 | -€195 | 0.0% |
| Land and buildings | 22 | €503,729 | €504,481 | +€752 | +0.1% |
| Plant, machinery and equipment | 23 | €76,223 | €75,575 | -€648 | -0.8% |
| Furniture and vehicles | 24 | €300 | €0 | -€300 | -100.0% |
| Current assets | 29/58 | €82,833 | €103,417 | +€20,584 | +24.9% |
| Stocks and contracts in progress | 3 | €47,499 | €35,100 | -€12,399 | -26.1% |
| Stocks | 30/36 | €47,499 | €35,100 | -€12,399 | -26.1% |
| Amounts receivable within one year | 40/41 | €6,398 | €39,485 | +€33,086 | +517.1% |
| Trade receivables | 40 | €3,928 | €39,209 | +€35,281 | +898.3% |
| Other amounts receivable | 41 | €2,471 | €276 | -€2,195 | -88.8% |
| Cash at bank and in hand | 54/58 | €28,664 | €27,258 | -€1,406 | -4.9% |
| Deferred charges and accrued income | 490/1 | €272 | €1,575 | +€1,303 | +479.9% |
| Total equity and liabilities | 10/49 | €665,885 | €686,273 | +€20,389 | +3.1% |
| Equity | 10/15 | €43,317 | €1,766 | -€41,552 | -95.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €41,472 | €24,050 | -€17,422 | -42.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Tax-exempt reserves | 132 | €36,050 | €24,050 | -€12,000 | -33.3% |
| Distributable reserves | 133 | €3,562 | €0 | -€3,562 | -100.0% |
| Profit (loss) carried forward | 14 | -€16,755 | -€40,884 | -€24,130 | -144.0% |
| Amounts payable | 17/49 | €622,567 | €684,508 | +€61,940 | +9.9% |
| Amounts payable after more than one year | 17 | €25,142 | €18,934 | -€6,208 | -24.7% |
| Financial debts | 170/4 | €25,142 | €18,934 | -€6,208 | -24.7% |
| Amounts payable within one year | 42/48 | €597,425 | €665,573 | +€68,148 | +11.4% |
| Current portion of amounts payable after more than one year | 42 | €8,600 | €6,208 | -€2,393 | -27.8% |
| Trade debts | 44 | €29,557 | €29,039 | -€518 | -1.8% |
| Suppliers | 440/4 | €29,557 | €29,039 | -€518 | -1.8% |
| Taxes, remuneration and social security | 45 | €0 | €4,220 | +€4,220 | |
| Taxes | 450/3 | €0 | €4,220 | +€4,220 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €559,268 | €626,106 | +€66,838 | +12.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €619 | €4,585 | +€3,966 | +640.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,604 | €42,079 | +€4,475 | +11.9% |
| Other operating charges | 640/8 | €1,430 | €1,898 | +€468 | +32.7% |
| Gross operating margin | 9900 | €48,040 | €10,977 | -€37,063 | -77.1% |
| Operating profit (loss) | 9901 | €8,387 | -€37,585 | -€45,973 | |
| Financial income | 75/76B | €98 | €670 | +€572 | +582.0% |
| Recurring financial income | 75 | €98 | €670 | +€572 | +582.0% |
| Financial charges | 65/66B | €2,726 | €1,434 | -€1,292 | -47.4% |
| Recurring financial charges | 65 | €2,726 | €1,434 | -€1,292 | -47.4% |
| Profit (loss) for the period before taxes | 9903 | €5,759 | -€38,350 | -€44,109 | |
| Income taxes | 67/77 | - | €3,202 | +€3,202 | |
| Profit (loss) for the period | 9904 | €5,759 | -€41,552 | -€47,311 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,759 | -€41,552 | -€47,311 |
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 10 October 2026 via checked.be.