STEENBEWERKING DAVID: 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.
STEENBEWERKING DAVID
Largest movements
- Cash +€38,039
up €38,039 (+16.1%), from €236,179 to €274,218
mainly Net result for the year (+€124,069) and Depreciation (+€13,337)
- Stocks and contracts +€32,162
up €32,162 (+42.7%), from €75,343 to €107,505
of which Stocks: +€74,082
- Tangible fixed assets -€12,337
down €12,337 (-33.1%), from €37,282 to €24,944
of which Furniture and vehicles: -€12,337
- Receivables within one year +€5,726
up €5,726 (+6.8%), from €84,083 to €89,809
of which Trade receivables: +€5,578
- Reserves +€124,069
up €124,069 (+43.1%), from €287,753 to €411,822
- Debts after one year -€32,964
down €32,964 (-100%), from €32,964 to €0
- Current portion of long-term debt -€22,718
down €22,718 (-40.8%), from €55,682 to €32,964
- Trade debts -€16,468
down €16,468 (-61.7%), from €26,689 to €10,221
- Tax, wage and social debts +€10,931
up €10,931 (+51.9%), from €21,046 to €31,977
of which Taxes: +€6,807
- Staff costs -€27,750
down €27,750 (-29.3%), from €94,619 to €66,869
- Depreciation -€19,968
down €19,968 (-60.0%), from €33,306 to €13,337
- Taxes +€11,473
up €11,473 (+43.5%), from €26,372 to €37,844
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 | €438,726 | €499,976 | +€61,250 | +14.0% |
| Fixed assets | 21/28 | €41,782 | €28,444 | -€13,337 | -31.9% |
| Intangible fixed assets | 21 | €4,500 | €3,500 | -€1,000 | -22.2% |
| Tangible fixed assets | 22/27 | €37,282 | €24,944 | -€12,337 | -33.1% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €37,282 | €24,944 | -€12,337 | -33.1% |
| Current assets | 29/58 | €396,944 | €471,532 | +€74,588 | +18.8% |
| Stocks and contracts in progress | 3 | €75,343 | €107,505 | +€32,162 | +42.7% |
| Stocks | 30/36 | €33,423 | €107,505 | +€74,082 | +222% |
| Contracts in progress | 37 | €41,920 | €0 | -€41,920 | -100% |
| Amounts receivable within one year | 40/41 | €84,083 | €89,809 | +€5,726 | +6.8% |
| Trade receivables | 40 | €75,454 | €81,032 | +€5,578 | +7.4% |
| Other amounts receivable | 41 | €8,628 | €8,776 | +€148 | +1.7% |
| Cash at bank and in hand | 54/58 | €236,179 | €274,218 | +€38,039 | +16.1% |
| Deferred charges and accrued income | 490/1 | €1,339 | €0 | -€1,339 | -100% |
| Total equity and liabilities | 10/49 | €438,726 | €499,976 | +€61,250 | +14.0% |
| Equity | 10/15 | €299,753 | €423,822 | +€124,069 | +41.4% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €287,753 | €411,822 | +€124,069 | +43.1% |
| Distributable reserves | 133 | €287,753 | €411,822 | +€124,069 | +43.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €138,973 | €76,155 | -€62,819 | -45.2% |
| Amounts payable after more than one year | 17 | €32,964 | €0 | -€32,964 | -100% |
| Financial debts | 170/4 | €32,964 | €0 | -€32,964 | -100% |
| Amounts payable within one year | 42/48 | €105,816 | €76,034 | -€29,782 | -28.1% |
| Current portion of amounts payable after more than one year | 42 | €55,682 | €32,964 | -€22,718 | -40.8% |
| Trade debts | 44 | €26,689 | €10,221 | -€16,468 | -61.7% |
| Suppliers | 440/4 | €26,689 | €10,221 | -€16,468 | -61.7% |
| Taxes, remuneration and social security | 45 | €21,046 | €31,977 | +€10,931 | +51.9% |
| Taxes | 450/3 | €20,849 | €27,656 | +€6,807 | +32.6% |
| Remuneration and social security | 454/9 | €197 | €4,321 | +€4,124 | +2,089% |
| Other amounts payable | 47/48 | €2,399 | €872 | -€1,527 | -63.7% |
| Accrued charges and deferred income | 492/3 | €193 | €120 | -€73 | -37.6% |
| Remuneration, social security and pensions | 62 | €94,619 | €66,869 | -€27,750 | -29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,306 | €13,337 | -€19,968 | -60.0% |
| Other operating charges | 640/8 | €1,073 | €1,808 | +€734 | +68.4% |
| Gross operating margin | 9900 | €245,389 | €245,512 | +€124 | +0.1% |
| Operating profit (loss) | 9901 | €116,391 | €163,498 | +€47,108 | +40.5% |
| Financial income | 75/76B | €4 | €23 | +€19 | +472% |
| Recurring financial income | 75 | €4 | €23 | +€19 | +472% |
| Financial charges | 65/66B | €2,766 | €1,608 | -€1,158 | -41.9% |
| Recurring financial charges | 65 | €2,766 | €1,608 | -€1,158 | -41.9% |
| Profit (loss) for the period before taxes | 9903 | €113,628 | €161,913 | +€48,285 | +42.5% |
| Income taxes | 67/77 | €26,372 | €37,844 | +€11,473 | +43.5% |
| Profit (loss) for the period | 9904 | €87,257 | €124,069 | +€36,812 | +42.2% |
| Profit (loss) for the period to be appropriated | 9905 | €87,257 | €124,069 | +€36,812 | +42.2% |
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 28 October 2026 via checked.be.