STEEGVELD: 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.
STEEGVELD
Largest movements
- Tangible fixed assets -€23,538
down €23,538 (-2.3%), from €1.0m to €988,519
- Receivables within one year +€21,994
up €21,994 (+13.1%), from €167,941 to €189,934
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€5,959
up €5,959 (+25.4%), from €23,459 to €29,418
- Depreciation +€391
up €391 (+1.7%), from €23,147 to €23,538
- Other operating charges +€381
up €381 (+6.1%), from €6,220 to €6,600
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 | €1,189,657 | €1,190,331 | +€674 | +0.1% |
| Fixed assets | 21/28 | €1,012,057 | €988,519 | -€23,538 | -2.3% |
| Tangible fixed assets | 22/27 | €1,012,057 | €988,519 | -€23,538 | -2.3% |
| Land and buildings | 22 | €1,012,057 | €988,519 | -€23,538 | -2.3% |
| Current assets | 29/58 | €177,600 | €201,812 | +€24,212 | +13.6% |
| Amounts receivable within one year | 40/41 | €167,941 | €189,934 | +€21,994 | +13.1% |
| Trade receivables | 40 | €167,941 | €189,934 | +€21,994 | +13.1% |
| Cash at bank and in hand | 54/58 | €190 | €2,409 | +€2,218 | +1166.2% |
| Deferred charges and accrued income | 490/1 | €9,470 | €9,470 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,189,657 | €1,190,331 | +€674 | +0.1% |
| Equity | 10/15 | €973,873 | €973,074 | -€799 | -0.1% |
| Contributions | 10/11 | €1,064,000 | €1,064,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,127 | -€90,926 | -€799 | -0.9% |
| Amounts payable | 17/49 | €215,784 | €217,257 | +€1,473 | +0.7% |
| Amounts payable within one year | 42/48 | €215,784 | €215,297 | -€487 | -0.2% |
| Trade debts | 44 | €596 | €109 | -€487 | -81.8% |
| Suppliers | 440/4 | €596 | €109 | -€487 | -81.8% |
| Other amounts payable | 47/48 | €215,188 | €215,188 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €1,960 | +€1,960 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,147 | €23,538 | +€391 | +1.7% |
| Other operating charges | 640/8 | €6,220 | €6,600 | +€381 | +6.1% |
| Gross operating margin | 9900 | €23,459 | €29,418 | +€5,959 | +25.4% |
| Operating profit (loss) | 9901 | -€5,908 | -€721 | +€5,187 | +87.8% |
| Financial charges | 65/66B | €80 | €78 | -€2 | -1.9% |
| Recurring financial charges | 65 | €80 | €78 | -€2 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,987 | -€799 | +€5,188 | +86.7% |
| Profit (loss) for the period | 9904 | -€5,987 | -€799 | +€5,188 | +86.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,987 | -€799 | +€5,188 | +86.7% |
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 30 September 2026 via checked.be.