STEEGMANS TIM SERVICE: 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 TIM SERVICE
Largest movements
- Tangible fixed assets -€57,813
down €57,813 (-45.4%), from €127,449 to €69,636
of which Furniture and vehicles: -€54,994
- Receivables within one year -€39,684
down €39,684 (-8.2%), from €486,801 to €447,118
of which Trade receivables: -€81,935
- Trade debts -€56,773
down €56,773 (-16.5%), from €344,163 to €287,390
- Debts after one year -€25,689
down €25,689 (-37.4%), from €68,730 to €43,041
- Tax, wage and social debts -€12,693
down €12,693 (-19.0%), from €66,973 to €54,280
- Gross operating margin -€10,177
down €10,177 (-24.1%), from €42,211 to €32,034
- Other operating charges +€5,181
up €5,181 (+2,753%), from €188 to €5,369
- Taxes -€3,411
down €3,411 (-92.8%), from €3,677 to €266
- Financial charges +€3,075
up €3,075 (+106%), from €2,907 to €5,982
- Financial income +€1,212
up €1,212 (+126%), from €963 to €2,175
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.
Derived cash bridge
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 | €653,331 | €552,565 | -€100,766 | -15.4% |
| Fixed assets | 21/28 | €127,449 | €69,636 | -€57,813 | -45.4% |
| Tangible fixed assets | 22/27 | €127,449 | €69,636 | -€57,813 | -45.4% |
| Plant, machinery and equipment | 23 | €10,639 | €7,821 | -€2,819 | -26.5% |
| Furniture and vehicles | 24 | €116,810 | €61,816 | -€54,994 | -47.1% |
| Current assets | 29/58 | €525,882 | €482,929 | -€42,953 | -8.2% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Other amounts receivable | 291 | €20,000 | €20,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €9,742 | €8,546 | -€1,196 | -12.3% |
| Stocks | 30/36 | €9,742 | €8,546 | -€1,196 | -12.3% |
| Amounts receivable within one year | 40/41 | €486,801 | €447,118 | -€39,684 | -8.2% |
| Trade receivables | 40 | €462,902 | €380,967 | -€81,935 | -17.7% |
| Other amounts receivable | 41 | €23,900 | €66,151 | +€42,251 | +177% |
| Cash at bank and in hand | 54/58 | €7,143 | €4,422 | -€2,721 | -38.1% |
| Deferred charges and accrued income | 490/1 | €2,195 | €2,843 | +€648 | +29.5% |
| Total equity and liabilities | 10/49 | €653,331 | €552,565 | -€100,766 | -15.4% |
| Equity | 10/15 | €97,864 | €95,042 | -€2,822 | -2.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €8,789 | €8,789 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €6,929 | €6,929 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,675 | €73,853 | -€2,822 | -3.7% |
| Provisions and deferred taxes | 16 | €3,500 | €3,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €3,500 | €3,500 | = | 0.0% |
| Environmental obligations | 163 | €3,500 | €3,500 | = | 0.0% |
| Amounts payable | 17/49 | €551,967 | €454,023 | -€97,944 | -17.7% |
| Amounts payable after more than one year | 17 | €68,730 | €43,041 | -€25,689 | -37.4% |
| Financial debts | 170/4 | €68,730 | €43,041 | -€25,689 | -37.4% |
| Amounts payable within one year | 42/48 | €483,237 | €410,982 | -€72,255 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €28,448 | €25,659 | -€2,789 | -9.8% |
| Trade debts | 44 | €344,163 | €287,390 | -€56,773 | -16.5% |
| Suppliers | 440/4 | €344,163 | €287,390 | -€56,773 | -16.5% |
| Advances received on contracts in progress | 46 | €43,093 | €43,093 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €66,973 | €54,280 | -€12,693 | -19.0% |
| Taxes | 450/3 | €66,973 | €54,280 | -€12,693 | -19.0% |
| Other amounts payable | 47/48 | €560 | €560 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,328 | €25,414 | +€86 | +0.3% |
| Other operating charges | 640/8 | €188 | €5,369 | +€5,181 | +2,753% |
| Gross operating margin | 9900 | €42,211 | €32,034 | -€10,177 | -24.1% |
| Operating profit (loss) | 9901 | €16,695 | €1,251 | -€15,444 | -92.5% |
| Financial income | 75/76B | €963 | €2,175 | +€1,212 | +126% |
| Recurring financial income | 75 | €963 | €2,175 | +€1,212 | +126% |
| Financial charges | 65/66B | €2,907 | €5,982 | +€3,075 | +106% |
| Recurring financial charges | 65 | €2,907 | €5,982 | +€3,075 | +106% |
| Profit (loss) for the period before taxes | 9903 | €14,751 | -€2,556 | -€17,307 | |
| Income taxes | 67/77 | €3,677 | €266 | -€3,411 | -92.8% |
| Profit (loss) for the period | 9904 | €11,074 | -€2,822 | -€13,896 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,074 | -€2,822 | -€13,896 |
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 21 October 2026 via checked.be.