STEEN MULTITECH: 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 MULTITECH
Largest movements
- Cash -€89,859
down €89,859 (-49.9%), from €180,254 to €90,395
mainly Trade debts (-€139,951) and Debts after one year (-€102,302)
- Receivables within one year -€54,487
down €54,487 (-9.8%), from €558,523 to €504,036
of which Trade receivables: -€78,778
- Tangible fixed assets -€43,871
down €43,871 (-18.6%), from €235,943 to €192,072
of which Furniture and vehicles: -€48,277
- Stocks and contracts -€19,393
down €19,393 (-6.1%), from €318,513 to €299,120
of which Stocks: -€14,998
- Trade debts -€139,951
down €139,951 (-56.6%), from €247,470 to €107,519
- Reserves +€116,867
up €116,867 (+18.2%), from €642,071 to €758,938
- Debts after one year -€102,302
down €102,302 (-45.4%), from €225,561 to €123,259
of which Other amounts payable: -€60,376
- Other debts -€41,299
down €41,299 (-65.3%), from €63,240 to €21,940
- Current portion of long-term debt -€16,819
down €16,819 (-28.6%), from €58,744 to €41,926
- Staff costs +€55,294
up €55,294 (+48.4%), from €114,164 to €169,458
- Gross operating margin +€40,504
up €40,504 (+10.7%), from €378,870 to €419,374
- Depreciation +€8,149
up €8,149 (+10.8%), from €75,456 to €83,606
- Financial charges -€5,410
down €5,410 (-28.4%), from €19,066 to €13,656
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 | €1,301,213 | €1,094,291 | -€206,921 | -15.9% |
| Fixed assets | 21/28 | €240,160 | €195,919 | -€44,241 | -18.4% |
| Intangible fixed assets | 21 | €1,603 | €1,233 | -€370 | -23.1% |
| Tangible fixed assets | 22/27 | €235,943 | €192,072 | -€43,871 | -18.6% |
| Plant, machinery and equipment | 23 | €52,714 | €54,097 | +€1,383 | +2.6% |
| Furniture and vehicles | 24 | €183,230 | €134,952 | -€48,277 | -26.3% |
| Other tangible fixed assets | 26 | - | €3,023 | +€3,023 | |
| Financial fixed assets | 28 | €2,614 | €2,614 | = | 0.0% |
| Current assets | 29/58 | €1,061,053 | €898,372 | -€162,681 | -15.3% |
| Stocks and contracts in progress | 3 | €318,513 | €299,120 | -€19,393 | -6.1% |
| Stocks | 30/36 | €258,118 | €243,120 | -€14,998 | -5.8% |
| Contracts in progress | 37 | €60,394 | €56,000 | -€4,394 | -7.3% |
| Amounts receivable within one year | 40/41 | €558,523 | €504,036 | -€54,487 | -9.8% |
| Trade receivables | 40 | €504,816 | €426,038 | -€78,778 | -15.6% |
| Other amounts receivable | 41 | €53,706 | €77,998 | +€24,292 | +45.2% |
| Cash at bank and in hand | 54/58 | €180,254 | €90,395 | -€89,859 | -49.9% |
| Deferred charges and accrued income | 490/1 | €3,763 | €4,821 | +€1,058 | +28.1% |
| Total equity and liabilities | 10/49 | €1,301,213 | €1,094,291 | -€206,921 | -15.9% |
| Equity | 10/15 | €648,321 | €765,188 | +€116,867 | +18.0% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €642,071 | €758,938 | +€116,867 | +18.2% |
| Distributable reserves | 133 | €642,071 | €758,938 | +€116,867 | +18.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €652,892 | €329,103 | -€323,788 | -49.6% |
| Amounts payable after more than one year | 17 | €225,561 | €123,259 | -€102,302 | -45.4% |
| Financial debts | 170/4 | €113,500 | €71,575 | -€41,926 | -36.9% |
| Other amounts payable | 178/9 | €112,060 | €51,684 | -€60,376 | -53.9% |
| Amounts payable within one year | 42/48 | €412,331 | €190,845 | -€221,486 | -53.7% |
| Current portion of amounts payable after more than one year | 42 | €58,744 | €41,926 | -€16,819 | -28.6% |
| Financial debts | 43 | €20,000 | €4,893 | -€15,107 | -75.5% |
| Credit institutions | 430/8 | €20,000 | €4,893 | -€15,107 | -75.5% |
| Trade debts | 44 | €247,470 | €107,519 | -€139,951 | -56.6% |
| Suppliers | 440/4 | €247,470 | €107,519 | -€139,951 | -56.6% |
| Taxes, remuneration and social security | 45 | €22,877 | €14,567 | -€8,310 | -36.3% |
| Taxes | 450/3 | €12,725 | €5,353 | -€7,372 | -57.9% |
| Remuneration and social security | 454/9 | €10,152 | €9,214 | -€938 | -9.2% |
| Other amounts payable | 47/48 | €63,240 | €21,940 | -€41,299 | -65.3% |
| Accrued charges and deferred income | 492/3 | €15,000 | €15,000 | = | 0.0% |
| Non-recurring operating income | 76A | €5,000 | €750 | -€4,250 | -85.0% |
| Remuneration, social security and pensions | 62 | €114,164 | €169,458 | +€55,294 | +48.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,456 | €83,606 | +€8,149 | +10.8% |
| Other operating charges | 640/8 | €2,476 | €2,029 | -€447 | -18.1% |
| Gross operating margin | 9900 | €378,870 | €419,374 | +€40,504 | +10.7% |
| Operating profit (loss) | 9901 | €186,774 | €164,281 | -€22,493 | -12.0% |
| Financial income | 75/76B | €1,263 | €407 | -€856 | -67.8% |
| Recurring financial income | 75 | €1,263 | €407 | -€856 | -67.8% |
| Financial charges | 65/66B | €19,066 | €13,656 | -€5,410 | -28.4% |
| Recurring financial charges | 65 | €19,066 | €13,656 | -€5,410 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €168,971 | €151,032 | -€17,939 | -10.6% |
| Income taxes | 67/77 | €37,255 | €34,165 | -€3,091 | -8.3% |
| Profit (loss) for the period | 9904 | €131,716 | €116,867 | -€14,849 | -11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €131,716 | €116,867 | -€14,849 | -11.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.