STEENKENS: what changed
Two fiscal 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.
STEENKENS
Largest movements
- Cash +€388,218
up €388,218 (+329.4%), from €117,854 to €506,072
mainly Investment in fixed assets (net) (+€269,239) and Net result for the year (+€116,732)
- Tangible fixed assets -€272,178
down €272,178 (-59.4%), from €458,272 to €186,094
of which Land and buildings: -€264,213
- Other debts +€72,600
new in 2025: €72,600
- Reserves +€44,132
up €44,132 (+3.8%), from €1.1m to €1.2m
- Gross operating margin -€1.2m
down €1.2m (-86.5%), from €1.4m to €184,519
- Taxes -€472,612
down €472,612 (-90.0%), from €525,352 to €52,739
- Depreciation -€20,844
down €20,844 (-87.6%), from €23,783 to €2,939
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 | €1,170,593 | €1,291,692 | +€121,099 | +10.3% |
| Fixed assets | 21/28 | €458,272 | €186,094 | -€272,178 | -59.4% |
| Tangible fixed assets | 22/27 | €458,272 | €186,094 | -€272,178 | -59.4% |
| Land and buildings | 22 | €450,307 | €186,094 | -€264,213 | -58.7% |
| Plant, machinery and equipment | 23 | €7,965 | - | -€7,965 | |
| Current assets | 29/58 | €712,321 | €1,105,598 | +€393,277 | +55.2% |
| Amounts receivable within one year | 40/41 | €86,570 | €86,570 | = | 0.0% |
| Other amounts receivable | 41 | €86,570 | €86,570 | = | 0.0% |
| Current investments | 50/53 | €500,000 | €500,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €117,854 | €506,072 | +€388,218 | +329.4% |
| Deferred charges and accrued income | 490/1 | €7,896 | €12,956 | +€5,059 | +64.1% |
| Total equity and liabilities | 10/49 | €1,170,593 | €1,291,692 | +€121,099 | +10.3% |
| Equity | 10/15 | €1,153,089 | €1,197,221 | +€44,132 | +3.8% |
| Contributions | 10/11 | €5,646 | €5,646 | = | 0.0% |
| Reserves | 13 | €1,147,442 | €1,191,574 | +€44,132 | +3.8% |
| Distributable reserves | 133 | €1,147,442 | €1,191,574 | +€44,132 | +3.8% |
| Amounts payable | 17/49 | €17,504 | €94,471 | +€76,967 | +439.7% |
| Amounts payable within one year | 42/48 | €17,504 | €94,419 | +€76,915 | +439.4% |
| Trade debts | 44 | €2,476 | €790 | -€1,687 | -68.1% |
| Suppliers | 440/4 | €2,476 | €790 | -€1,687 | -68.1% |
| Taxes, remuneration and social security | 45 | €15,028 | €21,029 | +€6,001 | +39.9% |
| Taxes | 450/3 | €15,028 | €21,029 | +€6,001 | +39.9% |
| Other amounts payable | 47/48 | - | €72,600 | +€72,600 | |
| Accrued charges and deferred income | 492/3 | - | €53 | +€53 | |
| Non-recurring operating income | 76A | €1,291,714 | €130,280 | -€1.2m | -89.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,783 | €2,939 | -€20,844 | -87.6% |
| Other operating charges | 640/8 | €26,985 | €23,348 | -€3,638 | -13.5% |
| Gross operating margin | 9900 | €1,364,869 | €184,519 | -€1.2m | -86.5% |
| Operating profit (loss) | 9901 | €1,314,101 | €158,232 | -€1.2m | -88.0% |
| Financial income | 75/76B | €5,538 | €11,239 | +€5,702 | +103.0% |
| Recurring financial income | 75 | €5,538 | €11,239 | +€5,702 | +103.0% |
| Profit (loss) for the period before taxes | 9903 | €1,319,639 | €169,472 | -€1.2m | -87.2% |
| Transfer from deferred taxes | 780 | €65,214 | - | -€65,214 | |
| Income taxes | 67/77 | €525,352 | €52,739 | -€472,612 | -90.0% |
| Profit (loss) for the period | 9904 | €859,501 | €116,732 | -€742,768 | -86.4% |
| Transfer from tax-exempt reserves | 789 | €195,642 | - | -€195,642 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,055,142 | €116,732 | -€938,410 | -88.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.