STEENHUYS: 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.
STEENHUYS
Largest movements
- Tangible fixed assets +€19.8m
up €19.8m (+186.4%), from €10.6m to €30.4m
of which Assets under construction and advance payments: +€17.2m
- Other debts +€27.0m
up €27.0m (+5403131.8%), from €500 to €27.0m
- Debts after one year -€6.1m
no longer reported in 2025 (was €6.1m)
- Trade debts -€937,779
down €937,779 (-59.5%), from €1.6m to €638,304
- Profit (loss) carried forward -€362,602
down €362,602 (-547.4%), from -€66,238 to -€428,840
- Financial charges +€203,240
up €203,240 (+451644.4%), from €45 to €203,285
- Gross operating margin -€86,398
down €86,398, from €8,712 to -€77,686
- Depreciation +€4,328
up €4,328 (+6.8%), from €63,469 to €67,797
- Other operating charges +€2,021
up €2,021 (+7.2%), from €27,877 to €29,898
- Financial income +€1,000
new in 2025: €1,000
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 | €10,770,209 | €30,604,702 | +€19.8m | +184.2% |
| Fixed assets | 21/28 | €10,615,185 | €30,398,181 | +€19.8m | +186.4% |
| Tangible fixed assets | 22/27 | €10,615,185 | €30,398,181 | +€19.8m | +186.4% |
| Land and buildings | 22 | €2,491,304 | €4,959,960 | +€2.5m | +99.1% |
| Plant, machinery and equipment | 23 | €294 | €66 | -€228 | -77.6% |
| Furniture and vehicles | 24 | - | €81,919 | +€81,919 | |
| Assets under construction and advance payments | 27 | €8,123,587 | €25,356,236 | +€17.2m | +212.1% |
| Current assets | 29/58 | €155,024 | €206,521 | +€51,497 | +33.2% |
| Amounts receivable within one year | 40/41 | €36,557 | €21,947 | -€14,610 | -40.0% |
| Trade receivables | 40 | €36,157 | €21,547 | -€14,610 | -40.4% |
| Other amounts receivable | 41 | €400 | €400 | = | 0.0% |
| Current investments | 50/53 | €1 | €1 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €77,122 | €138,963 | +€61,841 | +80.2% |
| Deferred charges and accrued income | 490/1 | €41,344 | €45,610 | +€4,266 | +10.3% |
| Total equity and liabilities | 10/49 | €10,770,209 | €30,604,702 | +€19.8m | +184.2% |
| Equity | 10/15 | €3,129,066 | €2,751,400 | -€377,666 | -12.1% |
| Contributions | 10/11 | €2,250,000 | €2,250,000 | = | 0.0% |
| Capital | 10 | €2,250,000 | €2,250,000 | = | 0.0% |
| Issued capital | 100 | €2,250,000 | €2,250,000 | = | 0.0% |
| Reserves | 13 | €945,304 | €930,240 | -€15,064 | -1.6% |
| Non-distributable reserves | 130/1 | €48,825 | €48,825 | = | 0.0% |
| Legal reserve | 130 | €48,825 | €48,825 | = | 0.0% |
| Tax-exempt reserves | 132 | €272,756 | €257,692 | -€15,064 | -5.5% |
| Distributable reserves | 133 | €623,723 | €623,723 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,238 | -€428,840 | -€362,602 | -547.4% |
| Amounts payable | 17/49 | €7,641,143 | €27,853,302 | +€20.2m | +264.5% |
| Amounts payable after more than one year | 17 | €6,060,000 | - | -€6.1m | |
| Other amounts payable | 178/9 | €6,060,000 | - | -€6.1m | |
| Amounts payable within one year | 42/48 | €1,580,266 | €27,654,591 | +€26.1m | +1650.0% |
| Trade debts | 44 | €1,576,083 | €638,304 | -€937,779 | -59.5% |
| Suppliers | 440/4 | €1,576,083 | €638,304 | -€937,779 | -59.5% |
| Taxes, remuneration and social security | 45 | €3,683 | €128 | -€3,555 | -96.5% |
| Taxes | 450/3 | €3,683 | €128 | -€3,555 | -96.5% |
| Other amounts payable | 47/48 | €500 | €27,016,159 | +€27.0m | +5403131.8% |
| Accrued charges and deferred income | 492/3 | €877 | €198,711 | +€197,834 | +22558.0% |
| Non-recurring operating income | 76A | €11,266 | €19,355 | +€8,089 | +71.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,469 | €67,797 | +€4,328 | +6.8% |
| Other operating charges | 640/8 | €27,877 | €29,898 | +€2,021 | +7.2% |
| Gross operating margin | 9900 | €8,712 | -€77,686 | -€86,398 | |
| Operating profit (loss) | 9901 | -€82,634 | -€175,381 | -€92,747 | -112.2% |
| Financial income | 75/76B | - | €1,000 | +€1,000 | |
| Recurring financial income | 75 | - | €1,000 | +€1,000 | |
| Financial charges | 65/66B | €45 | €203,285 | +€203,240 | +451644.4% |
| Recurring financial charges | 65 | €45 | €203,285 | +€203,240 | +451644.4% |
| Profit (loss) for the period before taxes | 9903 | -€82,679 | -€377,666 | -€294,987 | -356.8% |
| Profit (loss) for the period | 9904 | -€82,679 | -€377,666 | -€294,987 | -356.8% |
| Transfer from tax-exempt reserves | 789 | €16,441 | €15,064 | -€1,377 | -8.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€66,238 | -€362,602 | -€296,364 | -447.4% |
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.