STEEN P&P: 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 P&P
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€1,141
up €1,141 (+35.2%), from -€3,245 to -€2,104
- Financial charges +€535
up €535 (+43.5%), from €1,229 to €1,764
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 | €610,155 | €610,123 | -€31 | 0.0% |
| Fixed assets | 21/28 | €610,000 | €610,000 | = | 0.0% |
| Financial fixed assets | 28 | €610,000 | €610,000 | = | 0.0% |
| Current assets | 29/58 | €155 | €123 | -€31 | -20.3% |
| Cash at bank and in hand | 54/58 | €71 | €20 | -€51 | -71.4% |
| Deferred charges and accrued income | 490/1 | €84 | €103 | +€19 | +23.1% |
| Total equity and liabilities | 10/49 | €610,155 | €610,123 | -€31 | 0.0% |
| Equity | 10/15 | €471,417 | €467,021 | -€4,396 | -0.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €409,917 | €405,521 | -€4,396 | -1.1% |
| Distributable reserves | 133 | €409,917 | €405,521 | -€4,396 | -1.1% |
| Amounts payable | 17/49 | €138,738 | €143,102 | +€4,364 | +3.1% |
| Amounts payable within one year | 42/48 | €137,935 | €141,704 | +€3,769 | +2.7% |
| Trade debts | 44 | €0 | €266 | +€266 | |
| Suppliers | 440/4 | €0 | €266 | +€266 | |
| Other amounts payable | 47/48 | €137,935 | €141,438 | +€3,503 | +2.5% |
| Accrued charges and deferred income | 492/3 | €803 | €1,398 | +€595 | +74.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€3,245 | -€2,104 | +€1,141 | +35.2% |
| Operating profit (loss) | 9901 | -€3,759 | -€2,632 | +€1,127 | +30.0% |
| Financial charges | 65/66B | €1,229 | €1,764 | +€535 | +43.5% |
| Recurring financial charges | 65 | €1,229 | €1,764 | +€535 | +43.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,987 | -€4,396 | +€592 | +11.9% |
| Profit (loss) for the period | 9904 | -€4,987 | -€4,396 | +€592 | +11.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,987 | -€4,396 | +€592 | +11.9% |
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 27 October 2026 via checked.be.