Steenmarkt: 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.
Steenmarkt
Largest movements
- Current investments -€421,491
down €421,491 (-57.4%), from €734,548 to €313,057
- Tangible fixed assets -€32,352
down €32,352 (-8.1%), from €398,567 to €366,215
of which Land and buildings: -€23,128
- Receivables within one year -€14,114
down €14,114 (-77.7%), from €18,168 to €4,054
- Contributions -€420,120
down €420,120 (-42.0%), from €1.0m to €580,000
- Debts after one year -€31,329
down €31,329 (-25.5%), from €122,643 to €91,314
- Profit (loss) carried forward -€20,228
down €20,228, from €4,518 to -€15,709
- Financial charges -€8,684
down €8,684 (-66.1%), from €13,133 to €4,449
of which Non-recurring financial charges: -€7,932
- Gross operating margin -€7,007
down €7,007 (-41.8%), from €16,761 to €9,754
- Financial income +€1,962
up €1,962 (+27.9%), from €7,035 to €8,997
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 | €1,159,723 | €687,814 | -€471,910 | -40.7% |
| Fixed assets | 21/28 | €398,567 | €366,215 | -€32,352 | -8.1% |
| Tangible fixed assets | 22/27 | €398,567 | €366,215 | -€32,352 | -8.1% |
| Land and buildings | 22 | €360,738 | €337,610 | -€23,128 | -6.4% |
| Plant, machinery and equipment | 23 | €1,854 | €1,624 | -€231 | -12.4% |
| Furniture and vehicles | 24 | €35,974 | €26,981 | -€8,994 | -25.0% |
| Current assets | 29/58 | €761,157 | €321,599 | -€439,558 | -57.7% |
| Amounts receivable within one year | 40/41 | €18,168 | €4,054 | -€14,114 | -77.7% |
| Other amounts receivable | 41 | €18,168 | €4,054 | -€14,114 | -77.7% |
| Current investments | 50/53 | €734,548 | €313,057 | -€421,491 | -57.4% |
| Cash at bank and in hand | 54/58 | €8,441 | €4,488 | -€3,953 | -46.8% |
| Total equity and liabilities | 10/49 | €1,159,723 | €687,814 | -€471,910 | -40.7% |
| Equity | 10/15 | €1,004,638 | €564,291 | -€440,348 | -43.8% |
| Contributions | 10/11 | €1,000,120 | €580,000 | -€420,120 | -42.0% |
| Profit (loss) carried forward | 14 | €4,518 | -€15,709 | -€20,228 | |
| Amounts payable | 17/49 | €155,085 | €123,523 | -€31,562 | -20.4% |
| Amounts payable after more than one year | 17 | €122,643 | €91,314 | -€31,329 | -25.5% |
| Financial debts | 170/4 | €122,643 | €91,314 | -€31,329 | -25.5% |
| Amounts payable within one year | 42/48 | €32,442 | €32,209 | -€233 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €32,122 | €31,329 | -€793 | -2.5% |
| Trade debts | 44 | €321 | - | -€321 | |
| Suppliers | 440/4 | €321 | - | -€321 | |
| Other amounts payable | 47/48 | - | €880 | +€880 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,352 | €32,352 | = | 0.0% |
| Other operating charges | 640/8 | €1,554 | €1,674 | +€120 | +7.7% |
| Non-recurring operating charges | 66A | - | €131 | +€131 | |
| Gross operating margin | 9900 | €16,761 | €9,754 | -€7,007 | -41.8% |
| Operating profit (loss) | 9901 | -€17,145 | -€24,403 | -€7,258 | -42.3% |
| Financial income | 75/76B | €7,035 | €8,997 | +€1,962 | +27.9% |
| Recurring financial income | 75 | €7,035 | €8,997 | +€1,962 | +27.9% |
| Financial charges | 65/66B | €13,133 | €4,449 | -€8,684 | -66.1% |
| Recurring financial charges | 65 | €3,842 | €3,090 | -€752 | -19.6% |
| Non-recurring financial charges | 66B | €9,291 | €1,359 | -€7,932 | -85.4% |
| Profit (loss) for the period before taxes | 9903 | -€23,243 | -€19,855 | +€3,389 | +14.6% |
| Income taxes | 67/77 | €354 | €373 | +€19 | +5.5% |
| Profit (loss) for the period | 9904 | -€23,597 | -€20,228 | +€3,369 | +14.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,597 | -€20,228 | +€3,369 | +14.3% |
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.