STEEGMANS CONSTRUCT: what changed
Two fiscal 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 CONSTRUCT
Largest movements
- Cash +€341,900
up €341,900 (+41.8%), from €817,963 to €1.2m
mainly Net result for the year (+€624,734) and Tax, wage and social debts (+€67,916)
- Current investments +€149,990
up €149,990 (+60.0%), from €250,000 to €399,990
- Stocks and contracts +€104,300
up €104,300 (+44.4%), from €235,100 to €339,400
of which Contracts in progress: +€60,000
- Receivables within one year +€37,954
up €37,954 (+10.7%), from €355,635 to €393,589
of which Other amounts receivable: +€68,071
- Reserves +€624,734
up €624,734 (+46.9%), from €1.3m to €2.0m
- Tax, wage and social debts +€67,916
up €67,916 (+43.9%), from €154,705 to €222,621
of which Taxes: +€49,022
- Gross operating margin +€409,731
up €409,731 (+22.9%), from €1.8m to €2.2m
- Staff costs +€182,311
up €182,311 (+17.1%), from €1.1m to €1.3m
- Taxes +€74,553
up €74,553 (+31.9%), from €233,959 to €308,513
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 | €1,965,009 | €2,616,988 | +€651,978 | +33.2% |
| Fixed assets | 21/28 | €131,931 | €150,037 | +€18,106 | +13.7% |
| Intangible fixed assets | 21 | €7,546 | €5,855 | -€1,691 | -22.4% |
| Tangible fixed assets | 22/27 | €124,385 | €144,182 | +€19,797 | +15.9% |
| Plant, machinery and equipment | 23 | €11,476 | €10,437 | -€1,039 | -9.1% |
| Furniture and vehicles | 24 | €97,793 | €124,168 | +€26,374 | +27.0% |
| Other tangible fixed assets | 26 | €15,116 | €9,577 | -€5,539 | -36.6% |
| Current assets | 29/58 | €1,833,078 | €2,466,951 | +€633,872 | +34.6% |
| Amounts receivable after more than one year | 29 | €150,000 | €150,000 | = | 0.0% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €150,000 | €150,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €235,100 | €339,400 | +€104,300 | +44.4% |
| Stocks | 30/36 | €235,100 | €279,400 | +€44,300 | +18.8% |
| Contracts in progress | 37 | - | €60,000 | +€60,000 | |
| Amounts receivable within one year | 40/41 | €355,635 | €393,589 | +€37,954 | +10.7% |
| Trade receivables | 40 | €313,828 | €283,712 | -€30,117 | -9.6% |
| Other amounts receivable | 41 | €41,807 | €109,878 | +€68,071 | +162.8% |
| Current investments | 50/53 | €250,000 | €399,990 | +€149,990 | +60.0% |
| Cash at bank and in hand | 54/58 | €817,963 | €1,159,863 | +€341,900 | +41.8% |
| Deferred charges and accrued income | 490/1 | €24,381 | €24,108 | -€273 | -1.1% |
| Total equity and liabilities | 10/49 | €1,965,009 | €2,616,988 | +€651,978 | +33.2% |
| Equity | 10/15 | €1,345,845 | €1,970,579 | +€624,734 | +46.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,333,445 | €1,958,179 | +€624,734 | +46.9% |
| Distributable reserves | 133 | €1,333,445 | €1,958,179 | +€624,734 | +46.9% |
| Amounts payable | 17/49 | €619,165 | €646,409 | +€27,245 | +4.4% |
| Amounts payable after more than one year | 17 | €11,219 | €2,709 | -€8,509 | -75.8% |
| Financial debts | 170/4 | €11,219 | €2,709 | -€8,509 | -75.8% |
| Amounts payable within one year | 42/48 | €605,866 | €642,505 | +€36,639 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €24,491 | €8,509 | -€15,982 | -65.3% |
| Financial debts | 43 | €6 | €475 | +€469 | +7958.6% |
| Credit institutions | 430/8 | €6 | €475 | +€469 | +7958.6% |
| Trade debts | 44 | €414,749 | €410,900 | -€3,849 | -0.9% |
| Suppliers | 440/4 | €414,749 | €410,900 | -€3,849 | -0.9% |
| Taxes, remuneration and social security | 45 | €154,705 | €222,621 | +€67,916 | +43.9% |
| Taxes | 450/3 | €81,027 | €130,049 | +€49,022 | +60.5% |
| Remuneration and social security | 454/9 | €73,678 | €92,572 | +€18,894 | +25.6% |
| Other amounts payable | 47/48 | €11,915 | €0 | -€11,915 | -100.0% |
| Accrued charges and deferred income | 492/3 | €2,080 | €1,195 | -€885 | -42.6% |
| Non-recurring operating income | 76A | €0 | €23,374 | +€23,374 | |
| Remuneration, social security and pensions | 62 | €1,067,959 | €1,250,270 | +€182,311 | +17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,076 | €49,592 | +€9,516 | +23.7% |
| Other operating charges | 640/8 | €11,746 | €6,058 | -€5,688 | -48.4% |
| Non-recurring operating charges | 66A | €13,548 | €0 | -€13,548 | -100.0% |
| Gross operating margin | 9900 | €1,785,548 | €2,195,279 | +€409,731 | +22.9% |
| Operating profit (loss) | 9901 | €652,219 | €889,359 | +€237,140 | +36.4% |
| Financial income | 75/76B | €51,009 | €50,241 | -€768 | -1.5% |
| Recurring financial income | 75 | €51,009 | €50,241 | -€768 | -1.5% |
| Financial charges | 65/66B | €7,501 | €6,354 | -€1,148 | -15.3% |
| Recurring financial charges | 65 | €7,501 | €6,354 | -€1,148 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €695,727 | €933,247 | +€237,520 | +34.1% |
| Income taxes | 67/77 | €233,959 | €308,513 | +€74,553 | +31.9% |
| Profit (loss) for the period | 9904 | €461,768 | €624,734 | +€162,966 | +35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €461,768 | €624,734 | +€162,966 | +35.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.