Steenhuyse: 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.
What changed
Steenhuyse
NACE 68.321, Property management for co-owned buildings (syndics)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€248,677
2024 · -€258,880+€10,203
Equity
€935,277
2024 · €1.2m-€248,677
Cash
€17,865
2024 · €5,572+€12,293
Balance sheet total
€8.6m
2024 · €7.9m+€670,580
Largest movements
Assets
- Stocks and contracts +€789,806
up €789,806 (+31.0%), from €2.5m to €3.3m
of which Stocks: +€845,511
- Receivables within one year -€100,484
down €100,484 (-4.7%), from €2.2m to €2.1m
of which Other amounts receivable: -€304,992
Equity and liabilities
- Debts after one year +€2.2m
up €2.2m (+316%), from €705,049 to €2.9m
- Other debts -€2.2m
down €2.2m (-81.8%), from €2.6m to €481,574
- Short-term financial debts +€949,709
up €949,709 (+31.0%), from €3.1m to €4.0m
- Reserves -€248,677
down €248,677 (-21.8%), from €1.1m to €890,127
of which Distributable reserves: -€248,677
- Trade debts -€134,778
down €134,778 (-61.7%), from €218,439 to €83,661
Income statement
- Other operating charges -€22,198
down €22,198 (-76.3%), from €29,104 to €6,906
- Financial charges +€12,188
up €12,188 (+5.0%), from €246,145 to €258,333
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.
Result 2024
-€258,880
Gross operating margin
+€218
Other operating charges
+€22,198
Financial income
-€24
Financial charges
-€12,188
Taxes
-€0
Result 2025
-€248,677
raises the resultlowers the result
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.
From operations
-€3.2m
Investment
-€300
Financing
+€3.2m
Cash 2024
€5,572
From operations (derived)
-€3.2m
Net result for the year
-€248,677
Depreciation
+€17,911
Stocks and contracts
-€789,806
Receivables within one year
+€100,484
Deferred charges and accrued income
+€13,424
Trade debts
-€134,778
Tax, wage and social debts
+€15,120
Advances received
+€30,000
Other debts
-€2.2m
Accrued charges and deferred income
-€2,345
Investment (derived)
-€300
Investment in fixed assets (net)
-€300
Financing
+€3.2m
Debts after one year
+€2.2m
Current portion of long-term debt
+€334
Short-term financial debts
+€949,709
Cash 2025
€17,865
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,916,295 | €8,586,875 | +€670,580 | +8.5% |
| Fixed assets | 21/28 | €3,189,417 | €3,171,806 | -€17,611 | -0.6% |
| Tangible fixed assets | 22/27 | €348,319 | €330,408 | -€17,911 | -5.1% |
| Land and buildings | 22 | €348,319 | €330,408 | -€17,911 | -5.1% |
| Financial fixed assets | 28 | €2,841,098 | €2,841,398 | +€300 | 0.0% |
| Current assets | 29/58 | €4,726,878 | €5,415,069 | +€688,191 | +14.6% |
| Stocks and contracts in progress | 3 | €2,546,660 | €3,336,466 | +€789,806 | +31.0% |
| Stocks | 30/36 | €2,490,955 | €3,336,466 | +€845,511 | +33.9% |
| Contracts in progress | 37 | €55,705 | €0 | -€55,705 | -100% |
| Amounts receivable within one year | 40/41 | €2,150,951 | €2,050,466 | -€100,484 | -4.7% |
| Trade receivables | 40 | €15,651 | €220,159 | +€204,508 | +1,307% |
| Other amounts receivable | 41 | €2,135,299 | €1,830,307 | -€304,992 | -14.3% |
| Cash at bank and in hand | 54/58 | €5,572 | €17,865 | +€12,293 | +221% |
| Deferred charges and accrued income | 490/1 | €23,695 | €10,271 | -€13,424 | -56.7% |
| Total equity and liabilities | 10/49 | €7,916,295 | €8,586,875 | +€670,580 | +8.5% |
| Equity | 10/15 | €1,183,954 | €935,277 | -€248,677 | -21.0% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Revaluation surpluses | 12 | €5,151 | €5,151 | = | 0.0% |
| Reserves | 13 | €1,138,804 | €890,127 | -€248,677 | -21.8% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €1,134,804 | €886,127 | -€248,677 | -21.9% |
| Amounts payable | 17/49 | €6,732,341 | €7,651,598 | +€919,257 | +13.7% |
| Amounts payable after more than one year | 17 | €705,049 | €2,930,866 | +€2.2m | +316% |
| Financial debts | 170/4 | €705,049 | €2,930,866 | +€2.2m | +316% |
| Amounts payable within one year | 42/48 | €5,947,378 | €4,643,162 | -€1.3m | -21.9% |
| Current portion of amounts payable after more than one year | 42 | €16,985 | €17,319 | +€334 | +2.0% |
| Financial debts | 43 | €3,064,169 | €4,013,879 | +€949,709 | +31.0% |
| Credit institutions | 430/8 | €3,064,169 | €4,013,879 | +€949,709 | +31.0% |
| Trade debts | 44 | €218,439 | €83,661 | -€134,778 | -61.7% |
| Suppliers | 440/4 | €218,439 | €83,661 | -€134,778 | -61.7% |
| Advances received on contracts in progress | 46 | €0 | €30,000 | +€30,000 | |
| Taxes, remuneration and social security | 45 | €1,610 | €16,729 | +€15,120 | +939% |
| Taxes | 450/3 | €1,610 | €16,729 | +€15,120 | +939% |
| Other amounts payable | 47/48 | €2,646,174 | €481,574 | -€2.2m | -81.8% |
| Accrued charges and deferred income | 492/3 | €79,915 | €77,570 | -€2,345 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,911 | €17,911 | = | 0.0% |
| Other operating charges | 640/8 | €29,104 | €6,906 | -€22,198 | -76.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €33,558 | €33,776 | +€218 | +0.6% |
| Operating profit (loss) | 9901 | -€13,457 | €8,959 | +€22,416 | |
| Financial income | 75/76B | €889 | €865 | -€24 | -2.7% |
| Recurring financial income | 75 | €889 | €865 | -€24 | -2.7% |
| Financial charges | 65/66B | €246,145 | €258,333 | +€12,188 | +5.0% |
| Recurring financial charges | 65 | €246,145 | €258,333 | +€12,188 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | -€258,713 | -€248,510 | +€10,203 | +3.9% |
| Income taxes | 67/77 | €167 | €168 | +€0 | +0.1% |
| Profit (loss) for the period | 9904 | -€258,880 | -€248,677 | +€10,203 | +3.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€258,880 | -€248,677 | +€10,203 | +3.9% |
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 13 October 2026 via checked.be.