STEENKAPPERIJ HAESEN: 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.
STEENKAPPERIJ HAESEN
Largest movements
- Receivables within one year -€88,698
down €88,698 (-75.8%), from €116,940 to €28,242
of which Trade receivables: -€93,993
- Stocks and contracts -€56,833
down €56,833 (-77.4%), from €73,400 to €16,567
of which Stocks: -€46,033
- Cash +€22,848
up €22,848 (+11.7%), from €195,477 to €218,325
mainly Receivables within one year (+€88,698) and Stocks and contracts (+€56,833)
- Tangible fixed assets -€11,091
down €11,091 (-13.1%), from €84,489 to €73,398
of which Land and buildings: -€9,236
- Reserves -€85,785
down €85,785 (-25.1%), from €342,095 to €256,311
- Trade debts -€20,127
down €20,127 (-70.1%), from €28,726 to €8,599
- Tax, wage and social debts -€10,345
down €10,345 (-93.5%), from €11,058 to €714
of which Remuneration and social security: -€6,465
- Current portion of long-term debt -€7,088
no longer reported in 2026 (was €7,088)
- Other debts -€6,610
down €6,610 (-11.0%), from €59,874 to €53,264
- Gross operating margin -€129,476
down €129,476, from €112,134 to -€17,343
- Staff costs -€38,993
down €38,993 (-71.8%), from €54,302 to €15,309
- Other operating charges +€31,729
up €31,729 (+685%), from €4,629 to €36,359
- Taxes -€10,064
no longer reported in 2026 (was €10,064)
- Financial charges +€1,781
up €1,781 (+30.3%), from €5,886 to €7,667
of which Non-recurring financial charges: +€3,467
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €475,645 | €341,356 | -€134,289 | -28.2% |
| Fixed assets | 21/28 | €84,624 | €73,398 | -€11,226 | -13.3% |
| Tangible fixed assets | 22/27 | €84,489 | €73,398 | -€11,091 | -13.1% |
| Land and buildings | 22 | €80,787 | €71,551 | -€9,236 | -11.4% |
| Furniture and vehicles | 24 | €3,702 | €1,846 | -€1,855 | -50.1% |
| Financial fixed assets | 28 | €135 | - | -€135 | |
| Current assets | 29/58 | €391,021 | €267,958 | -€123,063 | -31.5% |
| Stocks and contracts in progress | 3 | €73,400 | €16,567 | -€56,833 | -77.4% |
| Stocks | 30/36 | €62,600 | €16,567 | -€46,033 | -73.5% |
| Contracts in progress | 37 | €10,800 | - | -€10,800 | |
| Amounts receivable within one year | 40/41 | €116,940 | €28,242 | -€88,698 | -75.8% |
| Trade receivables | 40 | €114,793 | €20,801 | -€93,993 | -81.9% |
| Other amounts receivable | 41 | €2,147 | €7,442 | +€5,295 | +247% |
| Cash at bank and in hand | 54/58 | €195,477 | €218,325 | +€22,848 | +11.7% |
| Deferred charges and accrued income | 490/1 | €5,204 | €4,824 | -€380 | -7.3% |
| Total equity and liabilities | 10/49 | €475,645 | €341,356 | -€134,289 | -28.2% |
| Equity | 10/15 | €360,695 | €274,911 | -€85,785 | -23.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €342,095 | €256,311 | -€85,785 | -25.1% |
| Distributable reserves | 133 | €342,095 | €256,311 | -€85,785 | -25.1% |
| Amounts payable | 17/49 | €114,950 | €66,445 | -€48,504 | -42.2% |
| Amounts payable within one year | 42/48 | €109,246 | €62,577 | -€46,670 | -42.7% |
| Current portion of amounts payable after more than one year | 42 | €7,088 | - | -€7,088 | |
| Trade debts | 44 | €28,726 | €8,599 | -€20,127 | -70.1% |
| Suppliers | 440/4 | €28,726 | €8,599 | -€20,127 | -70.1% |
| Advances received on contracts in progress | 46 | €2,500 | - | -€2,500 | |
| Taxes, remuneration and social security | 45 | €11,058 | €714 | -€10,345 | -93.5% |
| Taxes | 450/3 | €4,593 | €714 | -€3,880 | -84.5% |
| Remuneration and social security | 454/9 | €6,465 | - | -€6,465 | |
| Other amounts payable | 47/48 | €59,874 | €53,264 | -€6,610 | -11.0% |
| Accrued charges and deferred income | 492/3 | €5,703 | €3,869 | -€1,835 | -32.2% |
| Non-recurring operating income | 76A | €95 | €6,500 | +€6,405 | +6,728% |
| Remuneration, social security and pensions | 62 | €54,302 | €15,309 | -€38,993 | -71.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,048 | €12,171 | -€877 | -6.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€119 | -€119 | |
| Other operating charges | 640/8 | €4,629 | €36,359 | +€31,729 | +685% |
| Gross operating margin | 9900 | €112,134 | -€17,343 | -€129,476 | |
| Operating profit (loss) | 9901 | €40,154 | -€81,062 | -€121,216 | |
| Financial income | 75/76B | €1,873 | €2,944 | +€1,071 | +57.2% |
| Recurring financial income | 75 | €1,873 | €505 | -€1,368 | -73.0% |
| Non-recurring financial income | 76B | - | €2,439 | +€2,439 | |
| Financial charges | 65/66B | €5,886 | €7,667 | +€1,781 | +30.3% |
| Recurring financial charges | 65 | €5,886 | €4,200 | -€1,685 | -28.6% |
| Non-recurring financial charges | 66B | - | €3,467 | +€3,467 | |
| Profit (loss) for the period before taxes | 9903 | €36,141 | -€85,785 | -€121,926 | |
| Income taxes | 67/77 | €10,064 | - | -€10,064 | |
| Profit (loss) for the period | 9904 | €26,077 | -€85,785 | -€111,862 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,077 | -€85,785 | -€111,862 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.