STEENACKERHOF: 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.
STEENACKERHOF
Largest movements
- Receivables within one year -€113,777
down €113,777 (-60.0%), from €189,622 to €75,845
of which Trade receivables: -€112,418
- Tangible fixed assets -€72,070
down €72,070 (-7.6%), from €952,516 to €880,445
of which Land and buildings: -€61,333
- Stocks and contracts +€35,252
up €35,252 (+87.8%), from €40,166 to €75,418
- Cash +€15,017
up €15,017 (+14.0%), from €107,341 to €122,359
mainly Receivables within one year (+€113,777) and Depreciation (+€113,092)
- Other debts -€150,240
down €150,240 (-54.9%), from €273,748 to €123,507
- Debts after one year -€61,500
down €61,500 (-6.6%), from €925,667 to €864,167
- Reserves +€37,337
up €37,337 (+454%), from €8,222 to €45,559
- Trade debts +€15,409
up €15,409 (+10.3%), from €149,542 to €164,951
- Depreciation -€77,858
down €77,858 (-40.8%), from €190,949 to €113,092
- Gross operating margin -€27,025
down €27,025 (-11.8%), from €228,073 to €201,048
- Financial charges +€9,203
up €9,203 (+42.9%), from €21,442 to €30,644
- Taxes +€7,451
up €7,451 (+378%), from €1,970 to €9,421
- Other operating charges +€5,066
up €5,066 (+92.2%), from €5,494 to €10,561
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 | €1,430,649 | €1,279,081 | -€151,569 | -10.6% |
| Fixed assets | 21/28 | €1,082,632 | €1,002,932 | -€79,700 | -7.4% |
| Intangible fixed assets | 21 | €130,116 | €122,487 | -€7,630 | -5.9% |
| Tangible fixed assets | 22/27 | €952,516 | €880,445 | -€72,070 | -7.6% |
| Land and buildings | 22 | €874,000 | €812,667 | -€61,333 | -7.0% |
| Plant, machinery and equipment | 23 | €78,516 | €67,779 | -€10,737 | -13.7% |
| Current assets | 29/58 | €348,017 | €276,149 | -€71,869 | -20.7% |
| Stocks and contracts in progress | 3 | €40,166 | €75,418 | +€35,252 | +87.8% |
| Stocks | 30/36 | €40,166 | €75,418 | +€35,252 | +87.8% |
| Amounts receivable within one year | 40/41 | €189,622 | €75,845 | -€113,777 | -60.0% |
| Trade receivables | 40 | €187,174 | €74,756 | -€112,418 | -60.1% |
| Other amounts receivable | 41 | €2,448 | €1,089 | -€1,358 | -55.5% |
| Cash at bank and in hand | 54/58 | €107,341 | €122,359 | +€15,017 | +14.0% |
| Deferred charges and accrued income | 490/1 | €10,889 | €2,527 | -€8,362 | -76.8% |
| Total equity and liabilities | 10/49 | €1,430,649 | €1,279,081 | -€151,569 | -10.6% |
| Equity | 10/15 | €18,222 | €55,559 | +€37,337 | +205% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €8,222 | €45,559 | +€37,337 | +454% |
| Distributable reserves | 133 | €8,222 | €45,559 | +€37,337 | +454% |
| Amounts payable | 17/49 | €1,412,427 | €1,223,522 | -€188,905 | -13.4% |
| Amounts payable after more than one year | 17 | €925,667 | €864,167 | -€61,500 | -6.6% |
| Financial debts | 170/4 | €925,667 | €864,167 | -€61,500 | -6.6% |
| Amounts payable within one year | 42/48 | €486,760 | €359,355 | -€127,405 | -26.2% |
| Current portion of amounts payable after more than one year | 42 | €61,500 | €61,500 | = | 0.0% |
| Trade debts | 44 | €149,542 | €164,951 | +€15,409 | +10.3% |
| Suppliers | 440/4 | €149,542 | €164,951 | +€15,409 | +10.3% |
| Taxes, remuneration and social security | 45 | €1,970 | €9,396 | +€7,426 | +377% |
| Taxes | 450/3 | €1,970 | €9,396 | +€7,426 | +377% |
| Other amounts payable | 47/48 | €273,748 | €123,507 | -€150,240 | -54.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €190,949 | €113,092 | -€77,858 | -40.8% |
| Other operating charges | 640/8 | €5,494 | €10,561 | +€5,066 | +92.2% |
| Gross operating margin | 9900 | €228,073 | €201,048 | -€27,025 | -11.8% |
| Operating profit (loss) | 9901 | €31,629 | €77,395 | +€45,766 | +145% |
| Financial income | 75/76B | €5 | €7 | +€2 | +29.2% |
| Recurring financial income | 75 | €5 | €7 | +€2 | +29.2% |
| Financial charges | 65/66B | €21,442 | €30,644 | +€9,203 | +42.9% |
| Recurring financial charges | 65 | €21,442 | €30,644 | +€9,203 | +42.9% |
| Profit (loss) for the period before taxes | 9903 | €10,192 | €46,757 | +€36,565 | +359% |
| Income taxes | 67/77 | €1,970 | €9,421 | +€7,451 | +378% |
| Profit (loss) for the period | 9904 | €8,222 | €37,337 | +€29,114 | +354% |
| Profit (loss) for the period to be appropriated | 9905 | €8,222 | €37,337 | +€29,114 | +354% |
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 21 October 2026 via checked.be.