STEENO: what changed
What changed
STEENO
NACE 28.300, Manufacture of machinery and equipment not elsewhere classified
filed annual accounts (NBB)
Net result for the year
-€25,365
2024 · €87,426-€112,791
Equity
€5.3m
2024 · €5.3m-€25,365
Cash
€2.0m
2024 · €862,254+€1.1m
Balance sheet total
€10.8m
2024 · €8.9m+€1.9m
Largest movements
Assets
- Cash +€1.1m
up €1.1m (+131%), from €862,254 to €2.0m
mainly Other debts (+€2.0m) and Receivables within one year (+€715,816)
- Tangible fixed assets +€826,472
up €826,472 (+43.8%), from €1.9m to €2.7m
of which Plant, machinery and equipment: +€601,152
- Receivables within one year -€715,816
down €715,816 (-33.4%), from €2.1m to €1.4m
of which Other amounts receivable: -€1.3m
- Stocks and contracts +€654,912
up €654,912 (+16.6%), from €3.9m to €4.6m
Equity and liabilities
- Other debts +€2.0m
new in 2025: €2.0m
- Debts after one year +€705,687
up €705,687 (+214%), from €329,659 to €1.0m
- Short-term financial debts -€500,000
down €500,000 (-33.3%), from €1.5m to €1.0m
- Trade debts -€480,286
down €480,286 (-36.2%), from €1.3m to €845,443
Income statement
- Financial income -€178,535
down €178,535 (-85.5%), from €208,764 to €30,228
of which Non-recurring financial income: -€190,411
- Depreciation +€176,625
up €176,625 (+64.0%), from €275,903 to €452,528
- Gross operating margin +€137,002
up €137,002 (+6.0%), from €2.3m to €2.4m
- Staff costs -€109,900
down €109,900 (-5.6%), from €2.0m to €1.9m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€87,426
Gross operating margin
+€137,002
Staff costs
+€109,900
Depreciation
-€176,625
Other operating charges
-€3,910
Other operating items
-€60
Financial income
-€178,535
Financial charges
-€446
Taxes
-€117
Result 2025
-€25,365
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€2.1m
Investment
-€1.3m
Financing
+€302,155
Cash 2024
€862,254
From operations (derived)
+€2.1m
Net result for the year
-€25,365
Depreciation
+€452,528
Stocks and contracts
-€654,912
Receivables within one year
+€715,816
Deferred charges and accrued income
+€25,816
Trade debts
-€480,286
Tax, wage and social debts
+€53,862
Other debts
+€2.0m
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€1.3m
Financing
+€302,155
Debts after one year
+€705,687
Current portion of long-term debt
+€96,468
Short-term financial debts
-€500,000
Cash 2025
€2.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,948,822 | €10,825,229 | +€1.9m | +21.0% |
| Fixed assets | 21/28 | €1,895,918 | €2,727,660 | +€831,742 | +43.9% |
| Intangible fixed assets | 21 | €8,070 | €13,341 | +€5,271 | +65.3% |
| Tangible fixed assets | 22/27 | €1,887,578 | €2,714,050 | +€826,472 | +43.8% |
| Land and buildings | 22 | €1,519,712 | €1,449,737 | -€69,975 | -4.6% |
| Plant, machinery and equipment | 23 | €330,610 | €931,763 | +€601,152 | +182% |
| Furniture and vehicles | 24 | €37,256 | €21,713 | -€15,542 | -41.7% |
| Leasing and similar rights | 25 | - | €310,837 | +€310,837 | |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €7,052,903 | €8,097,568 | +€1.0m | +14.8% |
| Stocks and contracts in progress | 3 | €3,949,331 | €4,604,243 | +€654,912 | +16.6% |
| Stocks | 30/36 | €3,949,331 | €4,604,243 | +€654,912 | +16.6% |
| Amounts receivable within one year | 40/41 | €2,145,871 | €1,430,056 | -€715,816 | -33.4% |
| Trade receivables | 40 | €858,601 | €1,430,056 | +€571,454 | +66.6% |
| Other amounts receivable | 41 | €1,287,270 | €0 | -€1.3m | -100% |
| Cash at bank and in hand | 54/58 | €862,254 | €1,993,639 | +€1.1m | +131% |
| Deferred charges and accrued income | 490/1 | €95,447 | €69,631 | -€25,816 | -27.0% |
| Total equity and liabilities | 10/49 | €8,948,822 | €10,825,229 | +€1.9m | +21.0% |
| Equity | 10/15 | €5,342,739 | €5,317,373 | -€25,365 | -0.5% |
| Contributions | 10/11 | €1,100,000 | €1,100,000 | = | 0.0% |
| Capital | 10 | €1,100,000 | €1,100,000 | = | 0.0% |
| Issued capital | 100 | €1,100,000 | €1,100,000 | = | 0.0% |
| Reserves | 13 | €5,470,584 | €5,470,584 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €213,080 | €63,080 | -€150,000 | -70.4% |
| Distributable reserves | 133 | €5,247,504 | €5,397,504 | +€150,000 | +2.9% |
| Profit (loss) carried forward | 14 | -€1,227,846 | -€1,253,211 | -€25,365 | -2.1% |
| Amounts payable | 17/49 | €3,606,083 | €5,507,856 | +€1.9m | +52.7% |
| Amounts payable after more than one year | 17 | €329,659 | €1,035,346 | +€705,687 | +214% |
| Financial debts | 170/4 | €329,659 | €1,035,346 | +€705,687 | +214% |
| Amounts payable within one year | 42/48 | €3,276,425 | €4,472,510 | +€1.2m | +36.5% |
| Current portion of amounts payable after more than one year | 42 | €292,168 | €388,636 | +€96,468 | +33.0% |
| Financial debts | 43 | €1,500,000 | €1,000,000 | -€500,000 | -33.3% |
| Credit institutions | 430/8 | €1,500,000 | €1,000,000 | -€500,000 | -33.3% |
| Trade debts | 44 | €1,325,730 | €845,443 | -€480,286 | -36.2% |
| Suppliers | 440/4 | €1,325,730 | €845,443 | -€480,286 | -36.2% |
| Taxes, remuneration and social security | 45 | €158,527 | €212,389 | +€53,862 | +34.0% |
| Taxes | 450/3 | €4,975 | €39,484 | +€34,509 | +694% |
| Remuneration and social security | 454/9 | €153,552 | €172,906 | +€19,353 | +12.6% |
| Other amounts payable | 47/48 | - | €2,026,042 | +€2.0m | |
| Remuneration, social security and pensions | 62 | €1,978,119 | €1,868,219 | -€109,900 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €275,903 | €452,528 | +€176,625 | +64.0% |
| Other operating charges | 640/8 | €59,932 | €63,842 | +€3,910 | +6.5% |
| Non-recurring operating charges | 66A | - | €60 | +€60 | |
| Gross operating margin | 9900 | €2,292,719 | €2,429,721 | +€137,002 | +6.0% |
| Operating profit (loss) | 9901 | -€21,236 | €45,071 | +€66,306 | |
| Financial income | 75/76B | €208,764 | €30,228 | -€178,535 | -85.5% |
| Recurring financial income | 75 | €18,353 | €30,228 | +€11,876 | +64.7% |
| Non-recurring financial income | 76B | €190,411 | €0 | -€190,411 | -100% |
| Financial charges | 65/66B | €98,371 | €98,817 | +€446 | +0.5% |
| Recurring financial charges | 65 | €98,371 | €98,817 | +€446 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €89,157 | -€23,518 | -€112,675 | |
| Income taxes | 67/77 | €1,731 | €1,848 | +€117 | +6.7% |
| Profit (loss) for the period | 9904 | €87,426 | -€25,365 | -€112,791 | |
| Profit (loss) for the period to be appropriated | 9905 | €87,426 | -€25,365 | -€112,791 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.