STEENBERG: what changed
Two fiscal 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.
STEENBERG
Largest movements
- Receivables within one year -€554,602
down €554,602 (-19.4%), from €2.9m to €2.3m
of which Trade receivables: -€552,676
- Cash -€202,815
down €202,815 (-94.7%), from €214,206 to €11,391
mainly Trade debts (-€911,712) and Other debts (-€188,632)
- Tangible fixed assets -€191,003
down €191,003 (-10.0%), from €1.9m to €1.7m
of which Land and buildings: -€173,453
- Trade debts -€911,712
down €911,712 (-43.8%), from €2.1m to €1.2m
- Other debts -€188,632
down €188,632 (-18.2%), from €1.0m to €847,674
- Accrued charges and deferred income +€126,403
up €126,403 (+2674.9%), from €4,725 to €131,129
- Reserves +€102,082
up €102,082 (+28.3%), from €361,098 to €463,180
of which Distributable reserves: +€103,100
- Debts after one year -€79,300
down €79,300 (-4.7%), from €1.7m to €1.6m
- Gross operating margin -€169,576
down €169,576 (-28.6%), from €592,208 to €422,632
- Depreciation -€64,383
down €64,383 (-25.2%), from €255,598 to €191,215
- Taxes -€50,181
down €50,181 (-53.1%), from €94,491 to €44,310
- Financial charges +€44,721
up €44,721 (+196.2%), from €22,792 to €67,513
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.
Cash bridge derived
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 | €5,342,391 | €4,364,389 | -€978,002 | -18.3% |
| Fixed assets | 21/28 | €1,906,791 | €1,715,788 | -€191,003 | -10.0% |
| Tangible fixed assets | 22/27 | €1,906,791 | €1,715,788 | -€191,003 | -10.0% |
| Land and buildings | 22 | €1,855,434 | €1,681,981 | -€173,453 | -9.3% |
| Plant, machinery and equipment | 23 | €29,237 | €21,713 | -€7,524 | -25.7% |
| Furniture and vehicles | 24 | €22,120 | €12,094 | -€10,026 | -45.3% |
| Current assets | 29/58 | €3,435,601 | €2,648,601 | -€786,999 | -22.9% |
| Stocks and contracts in progress | 3 | €351,777 | €322,235 | -€29,542 | -8.4% |
| Stocks | 30/36 | €351,777 | €322,235 | -€29,542 | -8.4% |
| Amounts receivable within one year | 40/41 | €2,855,121 | €2,300,519 | -€554,602 | -19.4% |
| Trade receivables | 40 | €2,834,044 | €2,281,368 | -€552,676 | -19.5% |
| Other amounts receivable | 41 | €21,077 | €19,151 | -€1,926 | -9.1% |
| Cash at bank and in hand | 54/58 | €214,206 | €11,391 | -€202,815 | -94.7% |
| Deferred charges and accrued income | 490/1 | €14,496 | €14,456 | -€40 | -0.3% |
| Total equity and liabilities | 10/49 | €5,342,391 | €4,364,389 | -€978,002 | -18.3% |
| Equity | 10/15 | €402,163 | €500,050 | +€97,887 | +24.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €361,098 | €463,180 | +€102,082 | +28.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €1,018 | €0 | -€1,018 | -100.0% |
| Distributable reserves | 133 | €360,080 | €463,180 | +€103,100 | +28.6% |
| Profit (loss) carried forward | 14 | €15 | €30 | +€15 | +100.0% |
| Investment grants | 15 | €21,049 | €16,839 | -€4,210 | -20.0% |
| Provisions and deferred taxes | 16 | €261 | €0 | -€261 | -100.0% |
| Deferred taxes | 168 | €261 | €0 | -€261 | -100.0% |
| Amounts payable | 17/49 | €4,939,968 | €3,864,340 | -€1.1m | -21.8% |
| Amounts payable after more than one year | 17 | €1,672,578 | €1,593,278 | -€79,300 | -4.7% |
| Financial debts | 170/4 | €1,672,578 | €1,593,278 | -€79,300 | -4.7% |
| Amounts payable within one year | 42/48 | €3,262,664 | €2,139,933 | -€1.1m | -34.4% |
| Current portion of amounts payable after more than one year | 42 | €79,300 | €79,300 | = | 0.0% |
| Trade debts | 44 | €2,079,161 | €1,167,449 | -€911,712 | -43.8% |
| Suppliers | 440/4 | €2,079,161 | €1,167,449 | -€911,712 | -43.8% |
| Taxes, remuneration and social security | 45 | €67,897 | €45,510 | -€22,387 | -33.0% |
| Taxes | 450/3 | €67,897 | €45,510 | -€22,387 | -33.0% |
| Other amounts payable | 47/48 | €1,036,306 | €847,674 | -€188,632 | -18.2% |
| Accrued charges and deferred income | 492/3 | €4,725 | €131,129 | +€126,403 | +2674.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €255,598 | €191,215 | -€64,383 | -25.2% |
| Other operating charges | 640/8 | €17,512 | €22,077 | +€4,565 | +26.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €592,208 | €422,632 | -€169,576 | -28.6% |
| Operating profit (loss) | 9901 | €319,098 | €209,340 | -€109,758 | -34.4% |
| Financial income | 75/76B | €4,210 | €4,318 | +€108 | +2.6% |
| Recurring financial income | 75 | €4,210 | €4,318 | +€108 | +2.6% |
| Financial charges | 65/66B | €22,792 | €67,513 | +€44,721 | +196.2% |
| Recurring financial charges | 65 | €22,792 | €67,513 | +€44,721 | +196.2% |
| Profit (loss) for the period before taxes | 9903 | €300,516 | €146,146 | -€154,371 | -51.4% |
| Transfer from deferred taxes | 780 | €1,201 | €261 | -€940 | -78.3% |
| Income taxes | 67/77 | €94,491 | €44,310 | -€50,181 | -53.1% |
| Profit (loss) for the period | 9904 | €207,227 | €102,097 | -€105,130 | -50.7% |
| Transfer from tax-exempt reserves | 789 | €4,688 | €1,018 | -€3,670 | -78.3% |
| Profit (loss) for the period to be appropriated | 9905 | €211,915 | €103,115 | -€108,800 | -51.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.