STEENBEEK: 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.
What changed
STEENBEEK
NACE 52.250, Logistics services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€267,762
2024 · €1.4m-€1.1m
Equity
€5.8m
2024 · €5.5m+€267,762
Cash
€145,107
2024 · €202,425-€57,318
Balance sheet total
€23.0m
2024 · €8.7m+€14.3m
Largest movements
Assets
- Tangible fixed assets +€14.3m
up €14.3m (+190%), from €7.5m to €21.8m
of which Assets under construction and advance payments: +€14.4m
Equity and liabilities
- Short-term financial debts +€15.1m
new in 2025: €15.1m
of which Credit institutions: +€13.8m
- Tax, wage and social debts -€488,001
down €488,001 (-92.8%), from €525,821 to €37,820
of which Taxes: -€484,727
- Debts after one year -€300,000
down €300,000 (-15.8%), from €1.9m to €1.6m
- Reserves +€267,762
up €267,762 (+7.0%), from €3.8m to €4.1m
of which Distributable reserves: +€267,762
- Trade debts -€262,790
down €262,790 (-59.5%), from €441,793 to €179,004
Income statement
- Other operating income -€300,211
down €300,211 (-98.4%), from €305,160 to €4,949
- Taxes -€227,300
down €227,300 (-65.7%), from €345,902 to €118,602
of which Taxes: -€236,016
- Services and other goods -€188,107
down €188,107 (-36.9%), from €510,312 to €322,205
- Financial charges +€132,493
up €132,493 (+121%), from €109,709 to €242,201
- Turnover -€84,723
down €84,723 (-6.3%), from €1.3m to €1.3m
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.
Result 2024
€1.4m
Turnover
-€84,723
Other operating income
-€300,211
Services and other goods
+€188,107
Staff costs
-€5,123
Depreciation
+€23,797
Other operating charges
-€3,818
Other operating items
-€1.0m
Financial income
-€0
Financial charges
-€132,493
Taxes
+€227,300
Result 2025
€267,762
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€430,387
Investment
-€14.4m
Financing
+€14.8m
Cash 2024
€202,425
From operations (derived)
-€430,387
Net result for the year
+€267,762
Depreciation
+€88,363
Receivables within one year
-€95,171
Smaller working-capital items
+€59,450
Trade debts
-€262,790
Tax, wage and social debts
-€488,001
Investment (derived)
-€14.4m
Investment in fixed assets (net)
-€14.4m
Financing
+€14.8m
Debts after one year
-€300,000
Short-term financial debts
+€15.1m
Cash 2025
€145,107
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,670,930 | €22,966,048 | +€14.3m | +165% |
| Fixed assets | 21/28 | €8,294,483 | €22,583,450 | +€14.3m | +172% |
| Tangible fixed assets | 22/27 | €7,511,017 | €21,799,984 | +€14.3m | +190% |
| Land and buildings | 22 | €6,203,728 | €6,116,119 | -€87,609 | -1.4% |
| Plant, machinery and equipment | 23 | €3,202 | €2,448 | -€754 | -23.5% |
| Assets under construction and advance payments | 27 | €1,304,087 | €15,681,417 | +€14.4m | +1,102% |
| Financial fixed assets | 28 | €783,466 | €783,466 | = | 0.0% |
| Affiliated companies | 280/1 | €22,500 | €22,500 | = | 0.0% |
| Participating interests | 280 | €22,500 | €22,500 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €634,403 | €634,403 | = | 0.0% |
| Participating interests | 282 | €634,403 | €634,403 | = | 0.0% |
| Other financial fixed assets | 284/8 | €126,563 | €126,563 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €126,563 | €126,563 | = | 0.0% |
| Current assets | 29/58 | €376,447 | €382,598 | +€6,151 | +1.6% |
| Amounts receivable within one year | 40/41 | €97,821 | €192,991 | +€95,171 | +97.3% |
| Trade receivables | 40 | €94,929 | - | -€94,929 | |
| Other amounts receivable | 41 | €2,892 | €192,991 | +€190,099 | +6,573% |
| Cash at bank and in hand | 54/58 | €202,425 | €145,107 | -€57,318 | -28.3% |
| Deferred charges and accrued income | 490/1 | €76,202 | €44,500 | -€31,702 | -41.6% |
| Total equity and liabilities | 10/49 | €8,670,930 | €22,966,048 | +€14.3m | +165% |
| Equity | 10/15 | €5,503,316 | €5,771,078 | +€267,762 | +4.9% |
| Contributions | 10/11 | €186,000 | €186,000 | = | 0.0% |
| Capital | 10 | €186,000 | €186,000 | = | 0.0% |
| Issued capital | 100 | €186,000 | €186,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,489,401 | €1,489,401 | = | 0.0% |
| Reserves | 13 | €3,827,915 | €4,095,676 | +€267,762 | +7.0% |
| Non-distributable reserves | 130/1 | €18,600 | €18,600 | = | 0.0% |
| Legal reserve | 130 | €18,600 | €18,600 | = | 0.0% |
| Distributable reserves | 133 | €3,809,315 | €4,077,076 | +€267,762 | +7.0% |
| Amounts payable | 17/49 | €3,167,614 | €17,194,971 | +€14.0m | +443% |
| Amounts payable after more than one year | 17 | €1,900,000 | €1,600,000 | -€300,000 | -15.8% |
| Financial debts | 170/4 | €1,900,000 | €1,600,000 | -€300,000 | -15.8% |
| Other loans | 174 | €1,900,000 | €1,600,000 | -€300,000 | -15.8% |
| Amounts payable within one year | 42/48 | €1,267,614 | €15,567,222 | +€14.3m | +1,128% |
| Current portion of amounts payable after more than one year | 42 | €300,000 | €300,000 | = | 0.0% |
| Financial debts | 43 | - | €15,050,399 | +€15.1m | |
| Credit institutions | 430/8 | - | €13,800,000 | +€13.8m | |
| Other loans | 439 | - | €1,250,399 | +€1.3m | |
| Trade debts | 44 | €441,793 | €179,004 | -€262,790 | -59.5% |
| Suppliers | 440/4 | €441,793 | €179,004 | -€262,790 | -59.5% |
| Taxes, remuneration and social security | 45 | €525,821 | €37,820 | -€488,001 | -92.8% |
| Taxes | 450/3 | €515,227 | €30,500 | -€484,727 | -94.1% |
| Remuneration and social security | 454/9 | €10,594 | €7,320 | -€3,274 | -30.9% |
| Accrued charges and deferred income | 492/3 | - | €27,749 | +€27,749 | |
| Operating income | 70/76A | €2,673,631 | €1,269,612 | -€1.4m | -52.5% |
| Turnover | 70 | €1,349,386 | €1,264,663 | -€84,723 | -6.3% |
| Other operating income | 74 | €305,160 | €4,949 | -€300,211 | -98.4% |
| Non-recurring operating income | 76A | €1,019,085 | - | -€1.0m | |
| Operating charges | 60/66A | €844,009 | €641,047 | -€202,963 | -24.0% |
| Services and other goods | 61 | €510,312 | €322,205 | -€188,107 | -36.9% |
| Remuneration, social security and pensions | 62 | €99,633 | €104,756 | +€5,123 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,160 | €88,363 | -€23,797 | -21.2% |
| Other operating charges | 640/8 | €121,904 | €125,722 | +€3,818 | +3.1% |
| Operating profit (loss) | 9901 | €1,829,621 | €628,565 | -€1.2m | -65.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Other financial income | 752/9 | €0 | - | -€0 | |
| Financial charges | 65/66B | €109,709 | €242,201 | +€132,493 | +121% |
| Recurring financial charges | 65 | €109,709 | €242,201 | +€132,493 | +121% |
| Debt charges | 650 | €107,531 | €221,825 | +€114,294 | +106% |
| Other financial charges | 652/9 | €2,178 | €20,376 | +€18,199 | +836% |
| Profit (loss) for the period before taxes | 9903 | €1,719,913 | €386,364 | -€1.3m | -77.5% |
| Income taxes | 67/77 | €345,902 | €118,602 | -€227,300 | -65.7% |
| Taxes | 670/3 | €354,618 | €118,602 | -€236,016 | -66.6% |
| Tax adjustments and reversals of tax provisions | 77 | €8,716 | - | -€8,716 | |
| Profit (loss) for the period | 9904 | €1,374,011 | €267,762 | -€1.1m | -80.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,374,011 | €267,762 | -€1.1m | -80.5% |
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.