STEENGOED: 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.
STEENGOED
Largest movements
- Tangible fixed assets +€429,890
up €429,890 (+35.0%), from €1.2m to €1.7m
of which Land and buildings: +€356,681
- Cash +€23,794
up €23,794 (+372%), from €6,402 to €30,196
mainly Debts after one year (+€505,377) and Depreciation (+€94,211)
- Debts after one year +€505,377
up €505,377 (+1,639%), from €30,840 to €536,217
- Trade debts -€68,267
down €68,267 (-88.4%), from €77,196 to €8,928
- Profit (loss) carried forward -€65,938
down €65,938 (-15.7%), from -€421,107 to -€487,045
- Other debts +€50,140
up €50,140 (+12.2%), from €412,505 to €462,645
- Current portion of long-term debt +€42,777
up €42,777 (+575%), from €7,442 to €50,220
- Gross operating margin +€29,256
up €29,256 (+18.0%), from €162,832 to €192,088
- Financial income -€23,689
down €23,689 (-100.0%), from €23,694 to €5
- Staff costs +€19,381
up €19,381 (+27.9%), from €69,558 to €88,939
- Depreciation +€19,052
up €19,052 (+25.3%), from €75,159 to €94,211
- Financial charges +€5,807
up €5,807 (+218%), from €2,669 to €8,476
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 | €1,261,843 | €1,715,162 | +€453,319 | +35.9% |
| Fixed assets | 21/28 | €1,229,905 | €1,659,796 | +€429,890 | +35.0% |
| Tangible fixed assets | 22/27 | €1,229,905 | €1,659,796 | +€429,890 | +35.0% |
| Land and buildings | 22 | €1,173,613 | €1,530,293 | +€356,681 | +30.4% |
| Plant, machinery and equipment | 23 | €4,102 | €3,202 | -€900 | -21.9% |
| Furniture and vehicles | 24 | €52,191 | €111,784 | +€59,593 | +114% |
| Other tangible fixed assets | 26 | - | €14,516 | +€14,516 | |
| Current assets | 29/58 | €31,937 | €55,367 | +€23,429 | +73.4% |
| Amounts receivable within one year | 40/41 | €17,538 | €18,188 | +€650 | +3.7% |
| Trade receivables | 40 | €16,143 | €18,188 | +€2,045 | +12.7% |
| Other amounts receivable | 41 | €1,395 | €0 | -€1,395 | -100% |
| Cash at bank and in hand | 54/58 | €6,402 | €30,196 | +€23,794 | +372% |
| Deferred charges and accrued income | 490/1 | €7,997 | €6,982 | -€1,015 | -12.7% |
| Total equity and liabilities | 10/49 | €1,261,843 | €1,715,162 | +€453,319 | +35.9% |
| Equity | 10/15 | €672,490 | €606,552 | -€65,938 | -9.8% |
| Contributions | 10/11 | €1,050,000 | €1,050,000 | = | 0.0% |
| Capital | 10 | €1,050,000 | €1,050,000 | = | 0.0% |
| Issued capital | 100 | €1,050,000 | €1,050,000 | = | 0.0% |
| Reserves | 13 | €43,596 | €43,596 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,482 | €3,482 | = | 0.0% |
| Legal reserve | 130 | €3,482 | €3,482 | = | 0.0% |
| Distributable reserves | 133 | €40,115 | €40,115 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€421,107 | -€487,045 | -€65,938 | -15.7% |
| Amounts payable | 17/49 | €589,353 | €1,108,610 | +€519,257 | +88.1% |
| Amounts payable after more than one year | 17 | €30,840 | €536,217 | +€505,377 | +1,639% |
| Financial debts | 170/4 | €30,840 | €536,217 | +€505,377 | +1,639% |
| Amounts payable within one year | 42/48 | €511,659 | €544,191 | +€32,533 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €7,442 | €50,220 | +€42,777 | +575% |
| Trade debts | 44 | €77,196 | €8,928 | -€68,267 | -88.4% |
| Suppliers | 440/4 | €77,196 | €8,928 | -€68,267 | -88.4% |
| Taxes, remuneration and social security | 45 | €14,516 | €22,398 | +€7,883 | +54.3% |
| Taxes | 450/3 | €3,740 | €3,597 | -€143 | -3.8% |
| Remuneration and social security | 454/9 | €10,776 | €18,801 | +€8,026 | +74.5% |
| Other amounts payable | 47/48 | €412,505 | €462,645 | +€50,140 | +12.2% |
| Accrued charges and deferred income | 492/3 | €46,854 | €28,202 | -€18,653 | -39.8% |
| Non-recurring operating income | 76A | €0 | €219 | +€219 | |
| Remuneration, social security and pensions | 62 | €69,558 | €88,939 | +€19,381 | +27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,159 | €94,211 | +€19,052 | +25.3% |
| Other operating charges | 640/8 | €70,198 | €65,829 | -€4,369 | -6.2% |
| Gross operating margin | 9900 | €162,832 | €192,088 | +€29,256 | +18.0% |
| Operating profit (loss) | 9901 | -€52,082 | -€56,891 | -€4,809 | -9.2% |
| Financial income | 75/76B | €23,694 | €5 | -€23,689 | -100.0% |
| Recurring financial income | 75 | €23,694 | €5 | -€23,689 | -100.0% |
| Financial charges | 65/66B | €2,669 | €8,476 | +€5,807 | +218% |
| Recurring financial charges | 65 | €2,669 | €8,476 | +€5,807 | +218% |
| Profit (loss) for the period before taxes | 9903 | -€31,058 | -€65,362 | -€34,304 | -110% |
| Income taxes | 67/77 | €406 | €576 | +€170 | +41.9% |
| Profit (loss) for the period | 9904 | -€31,463 | -€65,938 | -€34,474 | -110% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,463 | -€65,938 | -€34,474 | -110% |
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 17 October 2026 via checked.be.