STeendracht: 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.
STeendracht
Largest movements
- Stocks and contracts +€195,245
up €195,245 (+39.8%), from €490,791 to €686,035
- Cash -€11,552
down €11,552 (-55.3%), from €20,906 to €9,354
mainly Stocks and contracts (-€195,245) and Net result for the year (-€19,412)
- Other debts +€215,985
up €215,985 (+57.9%), from €373,353 to €589,338
- Profit (loss) carried forward -€19,412
down €19,412 (-16.2%), from -€120,194 to -€139,606
- Debts after one year -€10,536
down €10,536 (-5.5%), from €189,954 to €179,418
- Financial charges -€7,365
down €7,365 (-44.1%), from €16,690 to €9,325
- Gross operating margin -€6,890
down €6,890 (-400%), from -€1,723 to -€8,613
- Other operating charges -€308
down €308 (-17.0%), from €1,811 to €1,503
- Financial income +€306
up €306 (+509,483%), from €0 to €306
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 | €516,955 | €701,435 | +€184,481 | +35.7% |
| Fixed assets | 21/28 | €1,277 | €1,000 | -€277 | -21.7% |
| Tangible fixed assets | 22/27 | €277 | €0 | -€277 | -100% |
| Furniture and vehicles | 24 | €277 | €0 | -€277 | -100% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €515,677 | €700,435 | +€184,758 | +35.8% |
| Stocks and contracts in progress | 3 | €490,791 | €686,035 | +€195,245 | +39.8% |
| Stocks | 30/36 | €490,791 | €686,035 | +€195,245 | +39.8% |
| Amounts receivable within one year | 40/41 | €3,677 | €4,707 | +€1,031 | +28.0% |
| Trade receivables | 40 | €2,834 | €1,548 | -€1,287 | -45.4% |
| Other amounts receivable | 41 | €843 | €3,160 | +€2,317 | +275% |
| Cash at bank and in hand | 54/58 | €20,906 | €9,354 | -€11,552 | -55.3% |
| Deferred charges and accrued income | 490/1 | €303 | €338 | +€34 | +11.4% |
| Total equity and liabilities | 10/49 | €516,955 | €701,435 | +€184,481 | +35.7% |
| Equity | 10/15 | -€60,194 | -€79,606 | -€19,412 | -32.2% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€120,194 | -€139,606 | -€19,412 | -16.2% |
| Amounts payable | 17/49 | €577,148 | €781,041 | +€203,893 | +35.3% |
| Amounts payable after more than one year | 17 | €189,954 | €179,418 | -€10,536 | -5.5% |
| Financial debts | 170/4 | €189,954 | €179,418 | -€10,536 | -5.5% |
| Amounts payable within one year | 42/48 | €386,399 | €600,009 | +€213,610 | +55.3% |
| Current portion of amounts payable after more than one year | 42 | €10,046 | €10,536 | +€490 | +4.9% |
| Trade debts | 44 | €3,000 | €135 | -€2,865 | -95.5% |
| Suppliers | 440/4 | €3,000 | €135 | -€2,865 | -95.5% |
| Other amounts payable | 47/48 | €373,353 | €589,338 | +€215,985 | +57.9% |
| Accrued charges and deferred income | 492/3 | €795 | €1,614 | +€819 | +103% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €359 | €277 | -€81 | -22.7% |
| Other operating charges | 640/8 | €1,811 | €1,503 | -€308 | -17.0% |
| Gross operating margin | 9900 | -€1,723 | -€8,613 | -€6,890 | -400% |
| Operating profit (loss) | 9901 | -€3,893 | -€10,393 | -€6,500 | -167% |
| Financial income | 75/76B | €0 | €306 | +€306 | +509,483% |
| Recurring financial income | 75 | €0 | €306 | +€306 | +509,483% |
| Financial charges | 65/66B | €16,690 | €9,325 | -€7,365 | -44.1% |
| Recurring financial charges | 65 | €16,690 | €9,325 | -€7,365 | -44.1% |
| Profit (loss) for the period before taxes | 9903 | -€20,582 | -€19,412 | +€1,170 | +5.7% |
| Profit (loss) for the period | 9904 | -€20,582 | -€19,412 | +€1,170 | +5.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,582 | -€19,412 | +€1,170 | +5.7% |
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 18 October 2026 via checked.be.