Steeno - Vrancx: 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.
Steeno - Vrancx
Largest movements
- Tangible fixed assets -€24,347
down €24,347 (-3.7%), from €660,687 to €636,340
of which Land and buildings: -€23,127
- Cash +€7,521
up €7,521 (+30.3%), from €24,822 to €32,344
mainly Depreciation (+€24,347) and Net result for the year (+€18,645)
- Debts after one year -€32,044
down €32,044 (-6.9%), from €464,313 to €432,270
- Reserves +€18,645
up €18,645 (+23.3%), from €80,134 to €98,779
- Current portion of long-term debt -€7,086
down €7,086 (-7.1%), from €99,130 to €92,044
- Gross operating margin +€1,731
up €1,731 (+2.9%), from €59,738 to €61,469
- Taxes +€1,329
up €1,329 (+26.4%), from €5,039 to €6,368
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €686,519 | €670,005 | -€16,514 | -2.4% |
| Fixed assets | 21/28 | €660,687 | €636,340 | -€24,347 | -3.7% |
| Tangible fixed assets | 22/27 | €660,687 | €636,340 | -€24,347 | -3.7% |
| Land and buildings | 22 | €652,241 | €629,114 | -€23,127 | -3.5% |
| Plant, machinery and equipment | 23 | €8,445 | €7,225 | -€1,220 | -14.4% |
| Current assets | 29/58 | €25,832 | €33,665 | +€7,833 | +30.3% |
| Amounts receivable within one year | 40/41 | €75 | €1,322 | +€1,247 | +1,662% |
| Other amounts receivable | 41 | €75 | €1,322 | +€1,247 | +1,662% |
| Cash at bank and in hand | 54/58 | €24,822 | €32,344 | +€7,521 | +30.3% |
| Deferred charges and accrued income | 490/1 | €935 | - | -€935 | |
| Total equity and liabilities | 10/49 | €686,519 | €670,005 | -€16,514 | -2.4% |
| Equity | 10/15 | €100,134 | €118,779 | +€18,645 | +18.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €80,134 | €98,779 | +€18,645 | +23.3% |
| Distributable reserves | 133 | €80,134 | €98,779 | +€18,645 | +23.3% |
| Amounts payable | 17/49 | €586,386 | €551,226 | -€35,159 | -6.0% |
| Amounts payable after more than one year | 17 | €464,313 | €432,270 | -€32,044 | -6.9% |
| Financial debts | 170/4 | €464,313 | €432,270 | -€32,044 | -6.9% |
| Amounts payable within one year | 42/48 | €122,072 | €118,956 | -€3,116 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €99,130 | €92,044 | -€7,086 | -7.1% |
| Trade debts | 44 | €352 | €709 | +€357 | +101% |
| Suppliers | 440/4 | €352 | €709 | +€357 | +101% |
| Taxes, remuneration and social security | 45 | €39 | - | -€39 | |
| Taxes | 450/3 | €39 | - | -€39 | |
| Other amounts payable | 47/48 | €22,551 | €26,204 | +€3,653 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,175 | €24,347 | +€172 | +0.7% |
| Other operating charges | 640/8 | €4,325 | €3,985 | -€340 | -7.9% |
| Gross operating margin | 9900 | €59,738 | €61,469 | +€1,731 | +2.9% |
| Operating profit (loss) | 9901 | €31,238 | €33,137 | +€1,899 | +6.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €8,713 | €8,123 | -€589 | -6.8% |
| Recurring financial charges | 65 | €8,713 | €8,123 | -€589 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €22,525 | €25,014 | +€2,489 | +11.0% |
| Income taxes | 67/77 | €5,039 | €6,368 | +€1,329 | +26.4% |
| Profit (loss) for the period | 9904 | €17,486 | €18,645 | +€1,160 | +6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,486 | €18,645 | +€1,160 | +6.6% |
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 30 October 2026 via checked.be.