STEENPLAS: 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.
What changed
STEENPLAS
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€417,716
2024 · €13,245+€404,471
Equity
€3.1m
2024 · €2.7m+€417,716
Cash
€46,884
2024 · €12,911+€33,974
Balance sheet total
€14.0m
2024 · €14.3m-€299,318
Largest movements
Assets
- Tangible fixed assets -€313,881
down €313,881 (-3.5%), from €9.0m to €8.7m
of which Land and buildings: -€317,889
- Financial fixed assets -€159,265
down €159,265 (-3.2%), from €4.9m to €4.8m
Equity and liabilities
- Debts after one year -€1.1m
down €1.1m (-13.0%), from €8.2m to €7.2m
- Reserves +€417,716
up €417,716 (+24.6%), from €1.7m to €2.1m
of which Distributable reserves: +€270,366
- Current portion of long-term debt +€273,250
up €273,250 (+34.2%), from €800,000 to €1.1m
Income statement
- Gross operating margin +€846,871
up €846,871 (+133.1%), from €636,266 to €1.5m
- Depreciation +€248,125
up €248,125 (+350.8%), from €70,737 to €318,862
- Taxes +€160,956
up €160,956 (+3063.3%), from €5,254 to €166,210
- Financial charges -€130,621
down €130,621 (-31.2%), from €418,870 to €288,248
- Staff costs +€86,238
up €86,238 (+102.3%), from €84,271 to €170,509
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.
Result 2024
€13,245
Gross operating margin
+€846,871
Staff costs
-€86,238
Depreciation
-€248,125
Other operating charges
-€334
Other operating items
-€80,356
Financial income
+€2,987
Financial charges
+€130,621
Taxes
-€160,956
Result 2025
€417,716
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.
From operations
+€679,388
Investment
+€154,586
Financing
-€800,000
Cash 2024
€12,911
From operations (derived)
+€679,388
Net result for the year
+€417,716
Depreciation
+€318,862
Receivables within one year
-€141,318
Deferred charges and accrued income
+€1,162
Trade debts
+€36,037
Tax, wage and social debts
+€54,649
Other debts
+€17,214
Accrued charges and deferred income
-€24,934
Investment (derived)
+€154,586
Investment in fixed assets (net)
+€154,586
Financing
-€800,000
Debts after one year
-€1.1m
Current portion of long-term debt
+€273,250
Cash 2025
€46,884
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,348,008 | €14,048,690 | -€299,318 | -2.1% |
| Fixed assets | 21/28 | €13,904,559 | €13,431,111 | -€473,448 | -3.4% |
| Intangible fixed assets | 21 | €953 | €652 | -€302 | -31.6% |
| Tangible fixed assets | 22/27 | €8,966,377 | €8,652,496 | -€313,881 | -3.5% |
| Land and buildings | 22 | €8,966,377 | €8,648,488 | -€317,889 | -3.5% |
| Plant, machinery and equipment | 23 | - | €2,164 | +€2,164 | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Assets under construction and advance payments | 27 | - | €1,844 | +€1,844 | |
| Financial fixed assets | 28 | €4,937,229 | €4,777,963 | -€159,265 | -3.2% |
| Current assets | 29/58 | €443,448 | €617,578 | +€174,130 | +39.3% |
| Amounts receivable within one year | 40/41 | €428,915 | €570,233 | +€141,318 | +32.9% |
| Trade receivables | 40 | €428,555 | €569,873 | +€141,318 | +33.0% |
| Other amounts receivable | 41 | €360 | €360 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,911 | €46,884 | +€33,974 | +263.1% |
| Deferred charges and accrued income | 490/1 | €1,623 | €461 | -€1,162 | -71.6% |
| Total equity and liabilities | 10/49 | €14,348,008 | €14,048,690 | -€299,318 | -2.1% |
| Equity | 10/15 | €2,698,015 | €3,115,730 | +€417,716 | +15.5% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €1,698,015 | €2,115,730 | +€417,716 | +24.6% |
| Tax-exempt reserves | 132 | €168,400 | €315,750 | +€147,350 | +87.5% |
| Distributable reserves | 133 | €1,529,615 | €1,799,980 | +€270,366 | +17.7% |
| Amounts payable | 17/49 | €11,649,993 | €10,932,959 | -€717,034 | -6.2% |
| Amounts payable after more than one year | 17 | €8,225,000 | €7,151,750 | -€1.1m | -13.0% |
| Financial debts | 170/4 | €8,225,000 | €7,151,750 | -€1.1m | -13.0% |
| Amounts payable within one year | 42/48 | €3,384,931 | €3,766,081 | +€381,150 | +11.3% |
| Current portion of amounts payable after more than one year | 42 | €800,000 | €1,073,250 | +€273,250 | +34.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €58,745 | €94,782 | +€36,037 | +61.3% |
| Suppliers | 440/4 | €58,745 | €94,782 | +€36,037 | +61.3% |
| Taxes, remuneration and social security | 45 | €49,893 | €104,543 | +€54,649 | +109.5% |
| Taxes | 450/3 | €38,222 | €84,022 | +€45,800 | +119.8% |
| Remuneration and social security | 454/9 | €11,671 | €20,521 | +€8,849 | +75.8% |
| Other amounts payable | 47/48 | €2,476,293 | €2,493,506 | +€17,214 | +0.7% |
| Accrued charges and deferred income | 492/3 | €40,062 | €15,128 | -€24,934 | -62.2% |
| Non-recurring operating income | 76A | - | €10,000 | +€10,000 | |
| Remuneration, social security and pensions | 62 | €84,271 | €170,509 | +€86,238 | +102.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,737 | €318,862 | +€248,125 | +350.8% |
| Other operating charges | 640/8 | €47,023 | €47,357 | +€334 | +0.7% |
| Non-recurring operating charges | 66A | €1,142 | €81,497 | +€80,356 | +7038.9% |
| Gross operating margin | 9900 | €636,266 | €1,483,137 | +€846,871 | +133.1% |
| Operating profit (loss) | 9901 | €433,093 | €864,911 | +€431,818 | +99.7% |
| Financial income | 75/76B | €4,276 | €7,263 | +€2,987 | +69.9% |
| Recurring financial income | 75 | €4,276 | €7,263 | +€2,987 | +69.9% |
| Financial charges | 65/66B | €418,870 | €288,248 | -€130,621 | -31.2% |
| Recurring financial charges | 65 | €418,870 | €288,248 | -€130,621 | -31.2% |
| Profit (loss) for the period before taxes | 9903 | €18,499 | €583,926 | +€565,426 | +3056.5% |
| Income taxes | 67/77 | €5,254 | €166,210 | +€160,956 | +3063.3% |
| Profit (loss) for the period | 9904 | €13,245 | €417,716 | +€404,471 | +3053.7% |
| Transfer to tax-exempt reserves | 689 | €0 | €147,350 | +€147,350 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,245 | €270,366 | +€257,121 | +1941.2% |
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 28 September 2026 via checked.be.