STEENBLOK: 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.
STEENBLOK
Largest movements
- Stocks and contracts -€1.7m
down €1.7m (-41.9%), from €4.1m to €2.4m
- Tangible fixed assets -€763,397
down €763,397 (-74.8%), from €1.0m to €256,795
of which Land and buildings: -€760,576
- Receivables within one year -€222,879
down €222,879 (-34.5%), from €646,608 to €423,729
- Short-term financial debts -€2.0m
down €2.0m (-66.3%), from €3.1m to €1.0m
- Other debts -€335,848
down €335,848 (-60.3%), from €557,346 to €221,499
- Reserves -€204,733
down €204,733 (-11.1%), from €1.8m to €1.6m
of which Distributable reserves: -€204,733
- Trade debts -€78,329
down €78,329 (-58.6%), from €133,699 to €55,369
- Gross operating margin +€76,483
up €76,483 (+91.5%), from €83,594 to €160,078
- Financial charges -€58,341
down €58,341 (-42.0%), from €138,965 to €80,623
- Depreciation -€18,022
down €18,022 (-51.9%), from €34,744 to €16,722
- Other operating charges -€11,558
down €11,558 (-60.3%), from €19,181 to €7,623
- Taxes +€3,773
new in 2025: €3,773
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 | €5,849,386 | €3,201,197 | -€2.6m | -45.3% |
| Fixed assets | 21/28 | €1,020,192 | €256,795 | -€763,397 | -74.8% |
| Tangible fixed assets | 22/27 | €1,020,192 | €256,795 | -€763,397 | -74.8% |
| Land and buildings | 22 | €1,013,007 | €252,431 | -€760,576 | -75.1% |
| Plant, machinery and equipment | 23 | €7,185 | €4,365 | -€2,820 | -39.3% |
| Current assets | 29/58 | €4,829,193 | €2,944,402 | -€1.9m | -39.0% |
| Stocks and contracts in progress | 3 | €4,090,125 | €2,376,120 | -€1.7m | -41.9% |
| Stocks | 30/36 | €4,090,125 | €2,376,120 | -€1.7m | -41.9% |
| Amounts receivable within one year | 40/41 | €646,608 | €423,729 | -€222,879 | -34.5% |
| Other amounts receivable | 41 | €646,608 | €423,729 | -€222,879 | -34.5% |
| Cash at bank and in hand | 54/58 | €91,670 | €144,019 | +€52,349 | +57.1% |
| Deferred charges and accrued income | 490/1 | €789 | €533 | -€256 | -32.4% |
| Total equity and liabilities | 10/49 | €5,849,386 | €3,201,197 | -€2.6m | -45.3% |
| Equity | 10/15 | €2,075,380 | €1,870,646 | -€204,733 | -9.9% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €1,840,926 | €1,636,192 | -€204,733 | -11.1% |
| Non-distributable reserves | 130/1 | €12,000 | €12,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,000 | €12,000 | = | 0.0% |
| Distributable reserves | 133 | €1,828,926 | €1,624,192 | -€204,733 | -11.2% |
| Profit (loss) carried forward | 14 | €114,454 | €114,454 | = | 0.0% |
| Amounts payable | 17/49 | €3,774,006 | €1,330,551 | -€2.4m | -64.7% |
| Amounts payable within one year | 42/48 | €3,770,356 | €1,319,017 | -€2.5m | -65.0% |
| Financial debts | 43 | €3,051,765 | €1,029,941 | -€2.0m | -66.3% |
| Credit institutions | 430/8 | €3,051,765 | €1,029,941 | -€2.0m | -66.3% |
| Trade debts | 44 | €133,699 | €55,369 | -€78,329 | -58.6% |
| Suppliers | 440/4 | €133,699 | €55,369 | -€78,329 | -58.6% |
| Taxes, remuneration and social security | 45 | €27,545 | €12,208 | -€15,337 | -55.7% |
| Taxes | 450/3 | €27,545 | €12,208 | -€15,337 | -55.7% |
| Other amounts payable | 47/48 | €557,346 | €221,499 | -€335,848 | -60.3% |
| Accrued charges and deferred income | 492/3 | €3,650 | €11,533 | +€7,883 | +216.0% |
| Non-recurring operating income | 76A | - | €232,739 | +€232,739 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,744 | €16,722 | -€18,022 | -51.9% |
| Other operating charges | 640/8 | €19,181 | €7,623 | -€11,558 | -60.3% |
| Gross operating margin | 9900 | €83,594 | €160,078 | +€76,483 | +91.5% |
| Operating profit (loss) | 9901 | €29,669 | €135,732 | +€106,064 | +357.5% |
| Financial income | 75/76B | - | €231 | +€231 | |
| Recurring financial income | 75 | - | €231 | +€231 | |
| Financial charges | 65/66B | €138,965 | €80,623 | -€58,341 | -42.0% |
| Recurring financial charges | 65 | €138,965 | €80,623 | -€58,341 | -42.0% |
| Profit (loss) for the period before taxes | 9903 | -€109,296 | €55,340 | +€164,636 | |
| Income taxes | 67/77 | - | €3,773 | +€3,773 | |
| Profit (loss) for the period | 9904 | -€109,296 | €51,567 | +€160,862 | |
| Profit (loss) for the period to be appropriated | 9905 | -€109,296 | €51,567 | +€160,862 |
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 11 October 2026 via checked.be.