Steenoven Development Fund: 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.
Steenoven Development Fund
Largest movements
- Cash +€712,581
up €712,581 (+136%), from €524,130 to €1.2m
mainly Investment in fixed assets (net) (+€701,345) and Net result for the year (+€40,548)
- Financial fixed assets -€701,345
down €701,345 (-12.1%), from €5.8m to €5.1m
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€1.4m
down €1.4m (-95.9%), from €1.5m to €60,296
- Taxes -€21,347
down €21,347 (-60.5%), from €35,298 to €13,951
- Gross operating margin -€279
down €279 (-7.2%), from -€3,850 to -€4,128
- Financial charges -€43
down €43 (-13.0%), from €334 to €291
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 | €7,051,325 | €7,091,650 | +€40,325 | +0.6% |
| Fixed assets | 21/28 | €5,794,725 | €5,093,380 | -€701,345 | -12.1% |
| Financial fixed assets | 28 | €5,794,725 | €5,093,380 | -€701,345 | -12.1% |
| Current assets | 29/58 | €1,256,600 | €1,998,270 | +€741,670 | +59.0% |
| Amounts receivable within one year | 40/41 | €678,634 | €719,150 | +€40,516 | +6.0% |
| Trade receivables | 40 | €282 | €19,749 | +€19,467 | +6,896% |
| Other amounts receivable | 41 | €678,352 | €699,401 | +€21,049 | +3.1% |
| Cash at bank and in hand | 54/58 | €524,130 | €1,236,712 | +€712,581 | +136% |
| Deferred charges and accrued income | 490/1 | €53,835 | €42,408 | -€11,427 | -21.2% |
| Total equity and liabilities | 10/49 | €7,051,325 | €7,091,650 | +€40,325 | +0.6% |
| Equity | 10/15 | €6,244,226 | €6,284,773 | +€40,548 | +0.6% |
| Contributions | 10/11 | €6,000,000 | €6,000,000 | = | 0.0% |
| Reserves | 13 | €244,226 | €284,773 | +€40,548 | +16.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €244,226 | €284,773 | +€40,548 | +16.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €807,099 | €806,876 | -€223 | 0.0% |
| Amounts payable within one year | 42/48 | €807,099 | €806,876 | -€223 | 0.0% |
| Trade debts | 44 | €0 | €75 | +€75 | |
| Suppliers | 440/4 | €0 | €75 | +€75 | |
| Taxes, remuneration and social security | 45 | €35,298 | €0 | -€35,298 | -100% |
| Taxes | 450/3 | €35,298 | €0 | -€35,298 | -100% |
| Other amounts payable | 47/48 | €771,801 | €806,801 | +€35,000 | +4.5% |
| Other operating charges | 640/8 | €1,408 | €1,379 | -€29 | -2.0% |
| Gross operating margin | 9900 | -€3,850 | -€4,128 | -€279 | -7.2% |
| Operating profit (loss) | 9901 | -€5,257 | -€5,507 | -€250 | -4.8% |
| Financial income | 75/76B | €1,472,405 | €60,296 | -€1.4m | -95.9% |
| Recurring financial income | 75 | €1,472,405 | €60,296 | -€1.4m | -95.9% |
| Financial charges | 65/66B | €334 | €291 | -€43 | -13.0% |
| Recurring financial charges | 65 | €334 | €291 | -€43 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €1,466,814 | €54,498 | -€1.4m | -96.3% |
| Income taxes | 67/77 | €35,298 | €13,951 | -€21,347 | -60.5% |
| Profit (loss) for the period | 9904 | €1,431,516 | €40,548 | -€1.4m | -97.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,431,516 | €40,548 | -€1.4m | -97.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.