Steenberge: 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.
Steenberge
Largest movements
- Stocks and contracts +€1.8m
new in 2025: €1.8m
- Tangible fixed assets -€1.1m
no longer reported in 2025 (was €1.1m)
of which Land and buildings: -€1.1m
- Debts after one year +€721,663
up €721,663 (+62.0%), from €1.2m to €1.9m
- Trade debts -€89,746
down €89,746 (-92.8%), from €96,658 to €6,912
- Profit (loss) carried forward +€56,606
up €56,606 (+38.1%), from -€148,544 to -€91,939
- Gross operating margin +€121,372
up €121,372, from -€41,230 to €80,142
- Depreciation -€28,845
down €28,845 (-99.8%), from €28,896 to €52
- Staff costs +€18,762
new in 2025: €18,762
- Other operating charges +€3,534
up €3,534 (+309%), from €1,144 to €4,678
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 | €1,132,116 | €1,825,228 | +€693,112 | +61.2% |
| Fixed assets | 21/28 | €1,111,268 | - | -€1.1m | |
| Tangible fixed assets | 22/27 | €1,111,268 | - | -€1.1m | |
| Land and buildings | 22 | €1,111,217 | - | -€1.1m | |
| Plant, machinery and equipment | 23 | €52 | - | -€52 | |
| Current assets | 29/58 | €20,848 | €1,825,228 | +€1.8m | +8,655% |
| Stocks and contracts in progress | 3 | - | €1,818,210 | +€1.8m | |
| Stocks | 30/36 | - | €1,818,210 | +€1.8m | |
| Amounts receivable within one year | 40/41 | €796 | - | -€796 | |
| Trade receivables | 40 | €796 | - | -€796 | |
| Cash at bank and in hand | 54/58 | €16,770 | €3,640 | -€13,130 | -78.3% |
| Deferred charges and accrued income | 490/1 | €3,282 | €3,377 | +€96 | +2.9% |
| Total equity and liabilities | 10/49 | €1,132,116 | €1,825,228 | +€693,112 | +61.2% |
| Equity | 10/15 | -€128,084 | -€71,479 | +€56,606 | +44.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€148,544 | -€91,939 | +€56,606 | +38.1% |
| Amounts payable | 17/49 | €1,260,201 | €1,896,707 | +€636,506 | +50.5% |
| Amounts payable after more than one year | 17 | €1,163,543 | €1,885,206 | +€721,663 | +62.0% |
| Financial debts | 170/4 | €1,163,543 | €1,885,206 | +€721,663 | +62.0% |
| Amounts payable within one year | 42/48 | €96,658 | €11,501 | -€85,157 | -88.1% |
| Trade debts | 44 | €96,658 | €6,912 | -€89,746 | -92.8% |
| Suppliers | 440/4 | €96,658 | €6,912 | -€89,746 | -92.8% |
| Taxes, remuneration and social security | 45 | - | €4,589 | +€4,589 | |
| Remuneration and social security | 454/9 | - | €4,589 | +€4,589 | |
| Non-recurring operating income | 76A | - | €100,582 | +€100,582 | |
| Remuneration, social security and pensions | 62 | - | €18,762 | +€18,762 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,896 | €52 | -€28,845 | -99.8% |
| Other operating charges | 640/8 | €1,144 | €4,678 | +€3,534 | +309% |
| Non-recurring operating charges | 66A | €4,804 | - | -€4,804 | |
| Gross operating margin | 9900 | -€41,230 | €80,142 | +€121,372 | |
| Operating profit (loss) | 9901 | -€76,075 | €56,651 | +€132,726 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €69 | €45 | -€24 | -35.1% |
| Recurring financial charges | 65 | €69 | €45 | -€24 | -35.1% |
| Profit (loss) for the period before taxes | 9903 | -€76,145 | €56,606 | +€132,750 | |
| Profit (loss) for the period | 9904 | -€76,145 | €56,606 | +€132,750 | |
| Profit (loss) for the period to be appropriated | 9905 | -€76,145 | €56,606 | +€132,750 |
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.