Steenhoet: 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.
Steenhoet
Largest movements
- Cash -€34,885
down €34,885 (-90.4%), from €38,584 to €3,700
mainly Net result for the year (-€33,513) and Tax, wage and social debts (-€10,019)
- Receivables within one year -€15,935
down €15,935 (-58.8%), from €27,086 to €11,152
of which Trade receivables: -€17,284
- Tangible fixed assets -€6,092
down €6,092 (-61.7%), from €9,868 to €3,776
of which Plant, machinery and equipment: -€5,436
- Profit (loss) carried forward -€33,513
down €33,513 (-25.6%), from -€131,112 to -€164,624
- Tax, wage and social debts -€10,019
down €10,019 (-95.5%), from €10,488 to €468
of which Remuneration and social security: -€5,388
- Debts after one year -€8,739
down €8,739 (-10.4%), from €83,739 to €75,000
- Trade debts -€4,836
down €4,836 (-57.1%), from €8,467 to €3,631
- Current portion of long-term debt -€3,130
down €3,130 (-26.4%), from €11,869 to €8,739
- Gross operating margin -€20,249
down €20,249 (-354.7%), from -€5,709 to -€25,958
- Financial income +€1,142
up €1,142 (+1969.6%), from €58 to €1,200
- Depreciation -€992
down €992 (-33.8%), from €2,931 to €1,939
- Financial charges -€523
down €523 (-13.7%), from €3,815 to €3,292
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 | €79,169 | €22,508 | -€56,661 | -71.6% |
| Fixed assets | 21/28 | €11,526 | €5,430 | -€6,096 | -52.9% |
| Intangible fixed assets | 21 | €4 | - | -€4 | |
| Tangible fixed assets | 22/27 | €9,868 | €3,776 | -€6,092 | -61.7% |
| Plant, machinery and equipment | 23 | €8,756 | €3,320 | -€5,436 | -62.1% |
| Furniture and vehicles | 24 | €1,112 | €456 | -€656 | -59.0% |
| Financial fixed assets | 28 | €1,654 | €1,654 | = | 0.0% |
| Current assets | 29/58 | €67,643 | €17,078 | -€50,565 | -74.8% |
| Amounts receivable within one year | 40/41 | €27,086 | €11,152 | -€15,935 | -58.8% |
| Trade receivables | 40 | €27,075 | €9,791 | -€17,284 | -63.8% |
| Other amounts receivable | 41 | €12 | €1,361 | +€1,349 | +11682.0% |
| Cash at bank and in hand | 54/58 | €38,584 | €3,700 | -€34,885 | -90.4% |
| Deferred charges and accrued income | 490/1 | €1,972 | €2,226 | +€254 | +12.9% |
| Total equity and liabilities | 10/49 | €79,169 | €22,508 | -€56,661 | -71.6% |
| Equity | 10/15 | -€62,351 | -€95,864 | -€33,513 | -53.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €58,761 | €58,761 | = | 0.0% |
| Distributable reserves | 133 | €58,761 | €58,761 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€131,112 | -€164,624 | -€33,513 | -25.6% |
| Amounts payable | 17/49 | €141,520 | €118,371 | -€23,148 | -16.4% |
| Amounts payable after more than one year | 17 | €83,739 | €75,000 | -€8,739 | -10.4% |
| Financial debts | 170/4 | €83,739 | €75,000 | -€8,739 | -10.4% |
| Amounts payable within one year | 42/48 | €57,781 | €42,371 | -€15,410 | -26.7% |
| Current portion of amounts payable after more than one year | 42 | €11,869 | €8,739 | -€3,130 | -26.4% |
| Trade debts | 44 | €8,467 | €3,631 | -€4,836 | -57.1% |
| Suppliers | 440/4 | €8,467 | €3,631 | -€4,836 | -57.1% |
| Taxes, remuneration and social security | 45 | €10,488 | €468 | -€10,019 | -95.5% |
| Taxes | 450/3 | €5,100 | €468 | -€4,632 | -90.8% |
| Remuneration and social security | 454/9 | €5,388 | - | -€5,388 | |
| Other amounts payable | 47/48 | €26,958 | €29,534 | +€2,576 | +9.6% |
| Accrued charges and deferred income | 492/3 | - | €1,000 | +€1,000 | |
| Non-recurring operating income | 76A | €4,143 | - | -€4,143 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,931 | €1,939 | -€992 | -33.8% |
| Other operating charges | 640/8 | €604 | €798 | +€194 | +32.1% |
| Non-recurring operating charges | 66A | €88,025 | €2,726 | -€85,299 | -96.9% |
| Gross operating margin | 9900 | -€5,709 | -€25,958 | -€20,249 | -354.7% |
| Operating profit (loss) | 9901 | -€97,269 | -€31,421 | +€65,848 | +67.7% |
| Financial income | 75/76B | €58 | €1,200 | +€1,142 | +1969.6% |
| Recurring financial income | 75 | €58 | €1,200 | +€1,142 | +1969.6% |
| Financial charges | 65/66B | €3,815 | €3,292 | -€523 | -13.7% |
| Recurring financial charges | 65 | €3,815 | €3,292 | -€523 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | -€101,025 | -€33,513 | +€67,513 | +66.8% |
| Profit (loss) for the period | 9904 | -€101,025 | -€33,513 | +€67,513 | +66.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€101,025 | -€33,513 | +€67,513 | +66.8% |
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 12 October 2026 via checked.be.