STEENBEHEER: 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.
STEENBEHEER
Largest movements
- Cash +€87,664
up €87,664 (+48.6%), from €180,423 to €268,087
mainly Depreciation (+€70,657) and Accrued charges and deferred income (+€57,625)
- Tangible fixed assets -€69,258
down €69,258 (-2.9%), from €2.4m to €2.3m
- Profit (loss) carried forward +€58,947
up €58,947 (+13.1%), from -€449,234 to -€390,287
- Accrued charges and deferred income +€57,625
up €57,625 (+161%), from €35,783 to €93,408
- Reserves -€56,731
down €56,731 (-8.1%), from €699,874 to €643,143
of which Tax-exempt reserves: -€56,731
- Current portion of long-term debt -€37,333
down €37,333 (-57.1%), from €65,334 to €28,000
- Gross operating margin -€112,650
down €112,650 (-41.5%), from €271,714 to €159,064
- Financial charges +€51,510
up €51,510 (+131%), from €39,225 to €90,735
- Depreciation -€4,806
down €4,806 (-6.4%), from €75,463 to €70,657
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 | €2,579,572 | €2,586,973 | +€7,401 | +0.3% |
| Fixed assets | 21/28 | €2,382,251 | €2,312,992 | -€69,258 | -2.9% |
| Tangible fixed assets | 22/27 | €2,381,450 | €2,312,192 | -€69,258 | -2.9% |
| Land and buildings | 22 | €2,381,450 | €2,312,192 | -€69,258 | -2.9% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €197,322 | €273,981 | +€76,659 | +38.8% |
| Amounts receivable within one year | 40/41 | €16,628 | €5,641 | -€10,987 | -66.1% |
| Trade receivables | 40 | €4,432 | €5,641 | +€1,209 | +27.3% |
| Other amounts receivable | 41 | €12,196 | €0 | -€12,196 | -100% |
| Cash at bank and in hand | 54/58 | €180,423 | €268,087 | +€87,664 | +48.6% |
| Deferred charges and accrued income | 490/1 | €270 | €252 | -€18 | -6.6% |
| Total equity and liabilities | 10/49 | €2,579,572 | €2,586,973 | +€7,401 | +0.3% |
| Equity | 10/15 | €450,640 | €452,856 | +€2,216 | +0.5% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €699,874 | €643,143 | -€56,731 | -8.1% |
| Non-distributable reserves | 130/1 | €24,294 | €24,294 | = | 0.0% |
| Legal reserve | 130 | €24,294 | €24,294 | = | 0.0% |
| Tax-exempt reserves | 132 | €675,580 | €618,849 | -€56,731 | -8.4% |
| Profit (loss) carried forward | 14 | -€449,234 | -€390,287 | +€58,947 | +13.1% |
| Provisions and deferred taxes | 16 | €225,193 | €206,283 | -€18,910 | -8.4% |
| Deferred taxes | 168 | €225,193 | €206,283 | -€18,910 | -8.4% |
| Amounts payable | 17/49 | €1,903,739 | €1,927,833 | +€24,094 | +1.3% |
| Amounts payable within one year | 42/48 | €1,867,956 | €1,834,425 | -€33,531 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €65,334 | €28,000 | -€37,333 | -57.1% |
| Trade debts | 44 | €243 | €3,273 | +€3,030 | +1,245% |
| Suppliers | 440/4 | €243 | €3,273 | +€3,030 | +1,245% |
| Other amounts payable | 47/48 | €1,802,379 | €1,803,152 | +€773 | 0.0% |
| Accrued charges and deferred income | 492/3 | €35,783 | €93,408 | +€57,625 | +161% |
| Non-recurring operating income | 76A | €204,785 | €156,519 | -€48,266 | -23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,463 | €70,657 | -€4,806 | -6.4% |
| Other operating charges | 640/8 | €14,258 | €14,367 | +€109 | +0.8% |
| Gross operating margin | 9900 | €271,714 | €159,064 | -€112,650 | -41.5% |
| Operating profit (loss) | 9901 | €181,993 | €74,040 | -€107,953 | -59.3% |
| Financial income | 75/76B | €1 | €1 | +€0 | +45.0% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +45.0% |
| Financial charges | 65/66B | €39,225 | €90,735 | +€51,510 | +131% |
| Recurring financial charges | 65 | €39,225 | €90,735 | +€51,510 | +131% |
| Profit (loss) for the period before taxes | 9903 | €142,769 | -€16,694 | -€159,463 | |
| Transfer from deferred taxes | 780 | €0 | €58,040 | +€58,040 | |
| Transfer to deferred taxes | 680 | €51,196 | €39,130 | -€12,066 | -23.6% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €91,573 | €2,216 | -€89,356 | -97.6% |
| Transfer from tax-exempt reserves | 789 | €0 | €174,120 | +€174,120 | |
| Transfer to tax-exempt reserves | 689 | €153,589 | €117,389 | -€36,199 | -23.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€62,016 | €58,947 | +€120,963 |
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 25 October 2026 via checked.be.