Steemans Projects: 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.
Steemans Projects
Largest movements
- Cash -€38,000
down €38,000 (-39.7%), from €95,648 to €57,648
mainly Receivables within one year (-€30,529) and Other debts (-€17,911)
- Receivables within one year +€30,529
up €30,529 (+284.5%), from €10,733 to €41,262
of which Trade receivables: +€16,933
- Receivables after one year -€3,820
no longer reported in 2025 (was €3,820)
- Other debts -€17,911
no longer reported in 2025 (was €17,911)
- Reserves +€17,048
up €17,048 (+24.1%), from €70,762 to €87,810
- Tax, wage and social debts -€7,376
down €7,376 (-35.9%), from €20,523 to €13,147
of which Taxes: -€5,651
- Trade debts -€4,423
down €4,423 (-78.6%), from €5,626 to €1,202
- Gross operating margin -€19,551
down €19,551 (-44.5%), from €43,896 to €24,345
- Taxes -€3,957
down €3,957 (-46.3%), from €8,552 to €4,595
- Financial income +€1,080
up €1,080 (+1498.5%), from €72 to €1,152
- Financial charges +€720
up €720 (+591.1%), from €122 to €842
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 | €117,822 | €105,159 | -€12,663 | -10.7% |
| Fixed assets | 21/28 | €6,815 | €6,249 | -€566 | -8.3% |
| Tangible fixed assets | 22/27 | €6,815 | €6,249 | -€566 | -8.3% |
| Plant, machinery and equipment | 23 | €4,168 | €4,296 | +€128 | +3.1% |
| Furniture and vehicles | 24 | €2,648 | €1,953 | -€694 | -26.2% |
| Current assets | 29/58 | €111,007 | €98,910 | -€12,096 | -10.9% |
| Amounts receivable after more than one year | 29 | €3,820 | - | -€3,820 | |
| Other amounts receivable | 291 | €3,820 | - | -€3,820 | |
| Amounts receivable within one year | 40/41 | €10,733 | €41,262 | +€30,529 | +284.5% |
| Trade receivables | 40 | €245 | €17,178 | +€16,933 | +6911.2% |
| Other amounts receivable | 41 | €10,488 | €24,085 | +€13,597 | +129.6% |
| Cash at bank and in hand | 54/58 | €95,648 | €57,648 | -€38,000 | -39.7% |
| Deferred charges and accrued income | 490/1 | €806 | - | -€806 | |
| Total equity and liabilities | 10/49 | €117,822 | €105,159 | -€12,663 | -10.7% |
| Equity | 10/15 | €73,762 | €90,810 | +€17,048 | +23.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €70,762 | €87,810 | +€17,048 | +24.1% |
| Distributable reserves | 133 | €70,762 | €87,810 | +€17,048 | +24.1% |
| Amounts payable | 17/49 | €44,060 | €14,350 | -€29,710 | -67.4% |
| Amounts payable within one year | 42/48 | €44,060 | €14,350 | -€29,710 | -67.4% |
| Trade debts | 44 | €5,626 | €1,202 | -€4,423 | -78.6% |
| Suppliers | 440/4 | €5,626 | €1,202 | -€4,423 | -78.6% |
| Taxes, remuneration and social security | 45 | €20,523 | €13,147 | -€7,376 | -35.9% |
| Taxes | 450/3 | €18,798 | €13,147 | -€5,651 | -30.1% |
| Remuneration and social security | 454/9 | €1,725 | - | -€1,725 | |
| Other amounts payable | 47/48 | €17,911 | - | -€17,911 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,220 | €2,597 | +€378 | +17.0% |
| Other operating charges | 640/8 | €691 | €416 | -€276 | -39.9% |
| Gross operating margin | 9900 | €43,896 | €24,345 | -€19,551 | -44.5% |
| Operating profit (loss) | 9901 | €40,985 | €21,332 | -€19,653 | -48.0% |
| Financial income | 75/76B | €72 | €1,152 | +€1,080 | +1498.5% |
| Recurring financial income | 75 | €72 | €1,152 | +€1,080 | +1498.5% |
| Financial charges | 65/66B | €122 | €842 | +€720 | +591.1% |
| Recurring financial charges | 65 | €122 | €842 | +€720 | +591.1% |
| Profit (loss) for the period before taxes | 9903 | €40,935 | €21,643 | -€19,293 | -47.1% |
| Income taxes | 67/77 | €8,552 | €4,595 | -€3,957 | -46.3% |
| Profit (loss) for the period | 9904 | €32,384 | €17,048 | -€15,336 | -47.4% |
| Profit (loss) for the period to be appropriated | 9905 | €32,384 | €17,048 | -€15,336 | -47.4% |
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 28 September 2026 via checked.be.