STEEN: 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.
STEEN
Largest movements
- Tangible fixed assets -€8,995
down €8,995 (-25.9%), from €34,672 to €25,677
of which Furniture and vehicles: -€8,885
- Receivables within one year -€4,738
down €4,738 (-9.6%), from €49,423 to €44,685
of which Trade receivables: -€2,544
- Cash +€1,441
up €1,441 (+5.9%), from €24,407 to €25,848
mainly Depreciation (+€8,995) and Receivables within one year (+€4,738)
- Debts after one year -€7,129
down €7,129 (-25.0%), from €28,546 to €21,417
- Tax, wage and social debts -€5,824
down €5,824 (-55.8%), from €10,434 to €4,609
of which Taxes: -€3,324
- Profit (loss) carried forward +€1,357
up €1,357 (+5.7%), from €23,974 to €25,331
- Trade debts -€1,272
down €1,272 (-7.0%), from €18,040 to €16,768
- Gross operating margin -€20,155
down €20,155 (-56.5%), from €35,679 to €15,524
- Depreciation +€7,307
up €7,307 (+433%), from €1,688 to €8,995
- Taxes -€1,477
down €1,477 (-49.3%), from €2,999 to €1,522
- Financial charges +€986
up €986 (+84.6%), from €1,166 to €2,152
- Staff costs -€500
down €500 (-55.6%), from €900 to €400
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 | €112,241 | €99,700 | -€12,541 | -11.2% |
| Fixed assets | 21/28 | €34,672 | €25,677 | -€8,995 | -25.9% |
| Tangible fixed assets | 22/27 | €34,672 | €25,677 | -€8,995 | -25.9% |
| Furniture and vehicles | 24 | €33,963 | €25,077 | -€8,885 | -26.2% |
| Other tangible fixed assets | 26 | €710 | €600 | -€110 | -15.4% |
| Current assets | 29/58 | €77,569 | €74,022 | -€3,546 | -4.6% |
| Stocks and contracts in progress | 3 | €2,916 | €2,916 | = | 0.0% |
| Stocks | 30/36 | €2,916 | €2,916 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €49,423 | €44,685 | -€4,738 | -9.6% |
| Trade receivables | 40 | €11,663 | €9,119 | -€2,544 | -21.8% |
| Other amounts receivable | 41 | €37,760 | €35,566 | -€2,194 | -5.8% |
| Cash at bank and in hand | 54/58 | €24,407 | €25,848 | +€1,441 | +5.9% |
| Deferred charges and accrued income | 490/1 | €822 | €574 | -€249 | -30.2% |
| Total equity and liabilities | 10/49 | €112,241 | €99,700 | -€12,541 | -11.2% |
| Equity | 10/15 | €48,419 | €49,776 | +€1,357 | +2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,845 | €5,845 | = | 0.0% |
| Distributable reserves | 133 | €5,845 | €5,845 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,974 | €25,331 | +€1,357 | +5.7% |
| Amounts payable | 17/49 | €63,822 | €49,924 | -€13,898 | -21.8% |
| Amounts payable after more than one year | 17 | €28,546 | €21,417 | -€7,129 | -25.0% |
| Financial debts | 170/4 | €28,546 | €21,417 | -€7,129 | -25.0% |
| Amounts payable within one year | 42/48 | €35,276 | €28,507 | -€6,770 | -19.2% |
| Current portion of amounts payable after more than one year | 42 | €6,803 | €7,129 | +€326 | +4.8% |
| Trade debts | 44 | €18,040 | €16,768 | -€1,272 | -7.0% |
| Suppliers | 440/4 | €18,040 | €16,768 | -€1,272 | -7.0% |
| Taxes, remuneration and social security | 45 | €10,434 | €4,609 | -€5,824 | -55.8% |
| Taxes | 450/3 | €7,934 | €4,609 | -€3,324 | -41.9% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Non-recurring operating income | 76A | €7,692 | - | -€7,692 | |
| Remuneration, social security and pensions | 62 | €900 | €400 | -€500 | -55.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,688 | €8,995 | +€7,307 | +433% |
| Other operating charges | 640/8 | €1,142 | €1,099 | -€43 | -3.7% |
| Gross operating margin | 9900 | €35,679 | €15,524 | -€20,155 | -56.5% |
| Operating profit (loss) | 9901 | €31,949 | €5,031 | -€26,919 | -84.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -60.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -60.0% |
| Financial charges | 65/66B | €1,166 | €2,152 | +€986 | +84.6% |
| Recurring financial charges | 65 | €1,166 | €2,152 | +€986 | +84.6% |
| Profit (loss) for the period before taxes | 9903 | €30,784 | €2,879 | -€27,905 | -90.6% |
| Income taxes | 67/77 | €2,999 | €1,522 | -€1,477 | -49.3% |
| Profit (loss) for the period | 9904 | €27,785 | €1,357 | -€26,428 | -95.1% |
| Profit (loss) for the period to be appropriated | 9905 | €27,785 | €1,357 | -€26,428 | -95.1% |
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 15 October 2026 via checked.be.