STEENHEUVEL: 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.
STEENHEUVEL
Largest movements
- Receivables after one year +€680,000
up €680,000 (+51.6%), from €1.3m to €2.0m
- Receivables within one year -€280,020
down €280,020 (-72.0%), from €388,948 to €108,928
of which Trade receivables: -€198,400
- Cash +€100,085
up €100,085 (+341%), from €29,388 to €129,473
mainly Net result for the year (+€584,957) and Receivables within one year (+€280,020)
- Reserves +€584,957
up €584,957 (+27.0%), from €2.2m to €2.8m
of which Distributable reserves: +€555,709
- Other debts -€140,000
no longer reported in 2025 (was €140,000)
- Financial income +€169,506
up €169,506 (+149%), from €113,635 to €283,141
of which Non-recurring financial income: +€117,971
- Turnover -€20,000
down €20,000 (-4.5%), from €440,000 to €420,000
- Taxes -€5,450
down €5,450 (-4.9%), from €111,112 to €105,662
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 | €6,237,954 | €6,685,815 | +€447,862 | +7.2% |
| Fixed assets | 21/28 | €4,501,709 | €4,449,506 | -€52,203 | -1.2% |
| Financial fixed assets | 28 | €4,501,709 | €4,449,506 | -€52,203 | -1.2% |
| Affiliated companies | 280/1 | €4,501,709 | €4,449,506 | -€52,203 | -1.2% |
| Participating interests | 280 | €4,501,709 | €4,449,506 | -€52,203 | -1.2% |
| Current assets | 29/58 | €1,736,245 | €2,236,309 | +€500,065 | +28.8% |
| Amounts receivable after more than one year | 29 | €1,317,908 | €1,997,908 | +€680,000 | +51.6% |
| Other amounts receivable | 291 | €1,317,908 | €1,997,908 | +€680,000 | +51.6% |
| Amounts receivable within one year | 40/41 | €388,948 | €108,928 | -€280,020 | -72.0% |
| Trade receivables | 40 | €222,600 | €24,200 | -€198,400 | -89.1% |
| Other amounts receivable | 41 | €166,348 | €84,728 | -€81,620 | -49.1% |
| Cash at bank and in hand | 54/58 | €29,388 | €129,473 | +€100,085 | +341% |
| Total equity and liabilities | 10/49 | €6,237,954 | €6,685,815 | +€447,862 | +7.2% |
| Equity | 10/15 | €6,082,096 | €6,667,053 | +€584,957 | +9.6% |
| Contributions | 10/11 | €3,913,089 | €3,913,089 | = | 0.0% |
| Capital | 10 | €3,913,089 | €3,913,089 | = | 0.0% |
| Issued capital | 100 | €3,913,089 | €3,913,089 | = | 0.0% |
| Reserves | 13 | €2,169,007 | €2,753,964 | +€584,957 | +27.0% |
| Non-distributable reserves | 130/1 | €133,311 | €162,559 | +€29,248 | +21.9% |
| Legal reserve | 130 | €133,311 | €162,559 | +€29,248 | +21.9% |
| Distributable reserves | 133 | €2,035,696 | €2,591,405 | +€555,709 | +27.3% |
| Amounts payable | 17/49 | €155,857 | €18,762 | -€137,095 | -88.0% |
| Amounts payable within one year | 42/48 | €155,857 | €18,762 | -€137,095 | -88.0% |
| Trade debts | 44 | €2,597 | €4,593 | +€1,995 | +76.8% |
| Suppliers | 440/4 | €2,597 | €4,593 | +€1,995 | +76.8% |
| Taxes, remuneration and social security | 45 | €13,260 | €14,169 | +€909 | +6.9% |
| Taxes | 450/3 | €13,260 | €14,169 | +€909 | +6.9% |
| Other amounts payable | 47/48 | €140,000 | - | -€140,000 | |
| Operating income | 70/76A | €440,000 | €420,000 | -€20,000 | -4.5% |
| Turnover | 70 | €440,000 | €420,000 | -€20,000 | -4.5% |
| Operating charges | 60/66A | €9,180 | €12,342 | +€3,162 | +34.4% |
| Services and other goods | 61 | €8,213 | €10,944 | +€2,731 | +33.3% |
| Other operating charges | 640/8 | €968 | €1,398 | +€431 | +44.5% |
| Operating profit (loss) | 9901 | €430,820 | €407,658 | -€23,162 | -5.4% |
| Financial income | 75/76B | €113,635 | €283,141 | +€169,506 | +149% |
| Recurring financial income | 75 | €113,635 | €165,170 | +€51,535 | +45.4% |
| Income from financial fixed assets | 750 | €100,000 | €150,000 | +€50,000 | +50.0% |
| Income from current assets | 751 | €13,635 | €15,170 | +€1,535 | +11.3% |
| Non-recurring financial income | 76B | - | €117,971 | +€117,971 | |
| Financial charges | 65/66B | €6 | €180 | +€174 | +2,895% |
| Recurring financial charges | 65 | €6 | €180 | +€174 | +2,895% |
| Other financial charges | 652/9 | €6 | €180 | +€174 | +2,895% |
| Profit (loss) for the period before taxes | 9903 | €544,449 | €690,619 | +€146,170 | +26.8% |
| Income taxes | 67/77 | €111,112 | €105,662 | -€5,450 | -4.9% |
| Taxes | 670/3 | €111,112 | €105,662 | -€5,450 | -4.9% |
| Profit (loss) for the period | 9904 | €433,337 | €584,957 | +€151,620 | +35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €433,337 | €584,957 | +€151,620 | +35.0% |
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 15 October 2026 via checked.be.