STEENFISC: 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.
STEENFISC
Largest movements
- Cash -€5,892
down €5,892 (-61.7%), from €9,544 to €3,652
mainly Net result for the year (-€7,657) and Debts after one year (-€4,386)
- Tangible fixed assets -€3,795
down €3,795 (-28.3%), from €13,431 to €9,636
- Receivables within one year +€2,359
up €2,359 (+34.3%), from €6,886 to €9,245
of which Trade receivables: +€2,833
- Deferred charges and accrued income -€610
down €610 (-81.1%), from €752 to €142
- Profit (loss) carried forward -€8,490
down €8,490 (-50.5%), from €16,824 to €8,334
- Other debts +€6,254
up €6,254 (+728.0%), from €859 to €7,113
- Debts after one year -€4,386
no longer reported in 2025 (was €4,386)
- Current portion of long-term debt -€1,683
down €1,683 (-27.7%), from €6,069 to €4,386
- Trade debts +€434
up €434 (+71.3%), from €608 to €1,042
- Gross operating margin -€41,089
down €41,089 (-57.7%), from €71,255 to €30,166
- Financial charges -€14,465
down €14,465 (-30.6%), from €47,314 to €32,849
- Taxes -€4,971
down €4,971 (-93.7%), from €5,306 to €335
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 | €30,813 | €22,874 | -€7,939 | -25.8% |
| Fixed assets | 21/28 | €13,631 | €9,836 | -€3,795 | -27.8% |
| Tangible fixed assets | 22/27 | €13,431 | €9,636 | -€3,795 | -28.3% |
| Furniture and vehicles | 24 | €13,431 | €9,636 | -€3,795 | -28.3% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €17,182 | €13,039 | -€4,144 | -24.1% |
| Amounts receivable within one year | 40/41 | €6,886 | €9,245 | +€2,359 | +34.3% |
| Trade receivables | 40 | €3,283 | €6,116 | +€2,833 | +86.3% |
| Other amounts receivable | 41 | €3,603 | €3,129 | -€474 | -13.2% |
| Cash at bank and in hand | 54/58 | €9,544 | €3,652 | -€5,892 | -61.7% |
| Deferred charges and accrued income | 490/1 | €752 | €142 | -€610 | -81.1% |
| Total equity and liabilities | 10/49 | €30,813 | €22,874 | -€7,939 | -25.8% |
| Equity | 10/15 | €17,324 | €8,834 | -€8,490 | -49.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,824 | €8,334 | -€8,490 | -50.5% |
| Amounts payable | 17/49 | €13,489 | €14,040 | +€552 | +4.1% |
| Amounts payable after more than one year | 17 | €4,386 | - | -€4,386 | |
| Financial debts | 170/4 | €4,386 | - | -€4,386 | |
| Amounts payable within one year | 42/48 | €9,103 | €14,040 | +€4,937 | +54.2% |
| Current portion of amounts payable after more than one year | 42 | €6,069 | €4,386 | -€1,683 | -27.7% |
| Trade debts | 44 | €608 | €1,042 | +€434 | +71.3% |
| Suppliers | 440/4 | €608 | €1,042 | +€434 | +71.3% |
| Taxes, remuneration and social security | 45 | €1,567 | €1,500 | -€67 | -4.3% |
| Taxes | 450/3 | €1,567 | €1,500 | -€67 | -4.3% |
| Other amounts payable | 47/48 | €859 | €7,113 | +€6,254 | +728.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,879 | €3,795 | -€84 | -2.2% |
| Other operating charges | 640/8 | €863 | €928 | +€65 | +7.5% |
| Gross operating margin | 9900 | €71,255 | €30,166 | -€41,089 | -57.7% |
| Operating profit (loss) | 9901 | €66,513 | €25,443 | -€41,070 | -61.7% |
| Financial income | 75/76B | €147 | €84 | -€63 | -42.8% |
| Recurring financial income | 75 | €147 | €84 | -€63 | -42.8% |
| Financial charges | 65/66B | €47,314 | €32,849 | -€14,465 | -30.6% |
| Recurring financial charges | 65 | €47,314 | €32,849 | -€14,465 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | €19,346 | -€7,322 | -€26,668 | |
| Income taxes | 67/77 | €5,306 | €335 | -€4,971 | -93.7% |
| Profit (loss) for the period | 9904 | €14,040 | -€7,657 | -€21,697 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,040 | -€7,657 | -€21,697 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.