STEEGMANS - ELENS: what changed
STEEGMANS - ELENS
Largest movements
- Tangible fixed assets +€110,941
up €110,941 (+67.2%), from €165,185 to €276,126
of which Plant, machinery and equipment: +€125,547
- Cash +€47,271
up €47,271 (+5.4%), from €879,353 to €926,624
mainly Net result for the year (+€148,066) and Depreciation (+€54,059)
- Receivables within one year -€34,555
down €34,555 (-31.6%), from €109,353 to €74,798
of which Trade receivables: -€23,022
- Stocks and contracts -€23,941
no longer reported in 2025 (was €23,941)
- Reserves +€87,185
up €87,185 (+8.5%), from €1.0m to €1.1m
of which Distributable reserves: +€87,632
- Other debts +€26,498
up €26,498 (+5.0%), from €532,212 to €558,709
- Trade debts -€18,196
down €18,196 (-37.8%), from €48,196 to €30,000
- Gross operating margin +€45,072
up €45,072 (+15.0%), from €300,241 to €345,312
- Depreciation +€9,010
up €9,010 (+20.0%), from €45,048 to €54,059
- Financial charges +€8,565
up €8,565 (+28.5%), from €30,105 to €38,670
- Taxes +€6,686
up €6,686 (+14.5%), from €45,984 to €52,670
- Staff costs +€5,624
up €5,624 (+11.8%), from €47,751 to €53,375
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,667,005 | €1,766,175 | +€99,170 | +5.9% |
| Fixed assets | 21/28 | €165,455 | €276,396 | +€110,941 | +67.1% |
| Tangible fixed assets | 22/27 | €165,185 | €276,126 | +€110,941 | +67.2% |
| Land and buildings | 22 | €71,649 | €67,606 | -€4,043 | -5.6% |
| Plant, machinery and equipment | 23 | €62,613 | €188,159 | +€125,547 | +201% |
| Furniture and vehicles | 24 | €30,923 | €20,361 | -€10,563 | -34.2% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €1,501,550 | €1,489,779 | -€11,771 | -0.8% |
| Stocks and contracts in progress | 3 | €23,941 | - | -€23,941 | |
| Contracts in progress | 37 | €23,941 | - | -€23,941 | |
| Amounts receivable within one year | 40/41 | €109,353 | €74,798 | -€34,555 | -31.6% |
| Trade receivables | 40 | €95,480 | €72,458 | -€23,022 | -24.1% |
| Other amounts receivable | 41 | €13,873 | €2,340 | -€11,533 | -83.1% |
| Current investments | 50/53 | €477,099 | €477,099 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €879,353 | €926,624 | +€47,271 | +5.4% |
| Deferred charges and accrued income | 490/1 | €11,804 | €11,258 | -€546 | -4.6% |
| Total equity and liabilities | 10/49 | €1,667,005 | €1,766,175 | +€99,170 | +5.9% |
| Equity | 10/15 | €1,067,674 | €1,154,859 | +€87,185 | +8.2% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €1,030,474 | €1,117,659 | +€87,185 | +8.5% |
| Tax-exempt reserves | 132 | €688 | €241 | -€446 | -64.9% |
| Distributable reserves | 133 | €1,029,786 | €1,117,418 | +€87,632 | +8.5% |
| Amounts payable | 17/49 | €599,331 | €611,316 | +€11,985 | +2.0% |
| Amounts payable within one year | 42/48 | €590,256 | €602,176 | +€11,920 | +2.0% |
| Financial debts | 43 | €1,085 | - | -€1,085 | |
| Credit institutions | 430/8 | €1,085 | - | -€1,085 | |
| Trade debts | 44 | €48,196 | €30,000 | -€18,196 | -37.8% |
| Suppliers | 440/4 | €48,196 | €30,000 | -€18,196 | -37.8% |
| Taxes, remuneration and social security | 45 | €8,762 | €13,466 | +€4,704 | +53.7% |
| Taxes | 450/3 | €8,762 | €13,466 | +€4,704 | +53.7% |
| Other amounts payable | 47/48 | €532,212 | €558,709 | +€26,498 | +5.0% |
| Accrued charges and deferred income | 492/3 | €9,075 | €9,140 | +€64 | +0.7% |
| Remuneration, social security and pensions | 62 | €47,751 | €53,375 | +€5,624 | +11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,048 | €54,059 | +€9,010 | +20.0% |
| Other operating charges | 640/8 | €6,860 | €6,014 | -€846 | -12.3% |
| Gross operating margin | 9900 | €300,241 | €345,312 | +€45,072 | +15.0% |
| Operating profit (loss) | 9901 | €200,582 | €231,865 | +€31,283 | +15.6% |
| Financial income | 75/76B | €2,563 | €7,540 | +€4,977 | +194% |
| Recurring financial income | 75 | €2,563 | €7,540 | +€4,977 | +194% |
| Financial charges | 65/66B | €30,105 | €38,670 | +€8,565 | +28.5% |
| Recurring financial charges | 65 | €30,105 | €38,670 | +€8,565 | +28.5% |
| Profit (loss) for the period before taxes | 9903 | €173,040 | €200,736 | +€27,696 | +16.0% |
| Income taxes | 67/77 | €45,984 | €52,670 | +€6,686 | +14.5% |
| Profit (loss) for the period | 9904 | €127,056 | €148,066 | +€21,010 | +16.5% |
| Transfer from tax-exempt reserves | 789 | €446 | €446 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €127,502 | €148,512 | +€21,010 | +16.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.