STEENS MANAGEMENT: 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.
STEENS MANAGEMENT
Largest movements
- Current investments -€643,327
down €643,327 (-13.4%), from €4.8m to €4.2m
- Cash -€241,346
down €241,346 (-50.0%), from €482,887 to €241,541
mainly Contributions, distributions and other (-€1.1m) and Accrued charges and deferred income (-€3,196)
- Reserves -€920,436
down €920,436 (-17.3%), from €5.3m to €4.4m
- Financial income -€57,345
down €57,345 (-29.2%), from €196,312 to €138,967
- Depreciation -€25,639
down €25,639 (-52.2%), from €49,073 to €23,434
- Gross operating margin +€4,765
up €4,765 (+3.1%), from €151,962 to €156,727
- Financial charges +€4,463
up €4,463 (+398.7%), from €1,119 to €5,582
- Taxes -€2,425
down €2,425 (-2.9%), from €82,818 to €80,392
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 | €5,402,433 | €4,493,157 | -€909,275 | -16.8% |
| Fixed assets | 21/28 | €66,514 | €45,781 | -€20,733 | -31.2% |
| Tangible fixed assets | 22/27 | €66,514 | €45,781 | -€20,733 | -31.2% |
| Furniture and vehicles | 24 | €57,270 | €45,781 | -€11,489 | -20.1% |
| Other tangible fixed assets | 26 | €9,244 | - | -€9,244 | |
| Current assets | 29/58 | €5,335,919 | €4,447,377 | -€888,542 | -16.7% |
| Amounts receivable within one year | 40/41 | €24,711 | €25,470 | +€759 | +3.1% |
| Trade receivables | 40 | €23,803 | €24,368 | +€565 | +2.4% |
| Other amounts receivable | 41 | €908 | €1,102 | +€194 | +21.4% |
| Current investments | 50/53 | €4,817,175 | €4,173,848 | -€643,327 | -13.4% |
| Cash at bank and in hand | 54/58 | €482,887 | €241,541 | -€241,346 | -50.0% |
| Deferred charges and accrued income | 490/1 | €11,145 | €6,517 | -€4,628 | -41.5% |
| Total equity and liabilities | 10/49 | €5,402,433 | €4,493,157 | -€909,275 | -16.8% |
| Equity | 10/15 | €5,334,154 | €4,413,718 | -€920,436 | -17.3% |
| Reserves | 13 | €5,334,154 | €4,413,718 | -€920,436 | -17.3% |
| Distributable reserves | 133 | €5,334,154 | €4,413,718 | -€920,436 | -17.3% |
| Provisions and deferred taxes | 16 | €36,702 | €36,702 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €36,702 | €36,702 | = | 0.0% |
| Pensions and similar obligations | 160 | €36,702 | €36,702 | = | 0.0% |
| Amounts payable | 17/49 | €31,577 | €42,738 | +€11,161 | +35.3% |
| Amounts payable within one year | 42/48 | €26,181 | €40,538 | +€14,357 | +54.8% |
| Trade debts | 44 | €3,750 | €7,130 | +€3,380 | +90.1% |
| Suppliers | 440/4 | €3,750 | €7,130 | +€3,380 | +90.1% |
| Taxes, remuneration and social security | 45 | €22,430 | €33,407 | +€10,977 | +48.9% |
| Taxes | 450/3 | €22,430 | €33,407 | +€10,977 | +48.9% |
| Accrued charges and deferred income | 492/3 | €5,396 | €2,200 | -€3,196 | -59.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,073 | €23,434 | -€25,639 | -52.2% |
| Other operating charges | 640/8 | €3,704 | €4,028 | +€324 | +8.7% |
| Non-recurring operating charges | 66A | - | €9,244 | +€9,244 | |
| Gross operating margin | 9900 | €151,962 | €156,727 | +€4,765 | +3.1% |
| Operating profit (loss) | 9901 | €99,185 | €120,020 | +€20,835 | +21.0% |
| Financial income | 75/76B | €196,312 | €138,967 | -€57,345 | -29.2% |
| Recurring financial income | 75 | €196,312 | €138,967 | -€57,345 | -29.2% |
| Financial charges | 65/66B | €1,119 | €5,582 | +€4,463 | +398.7% |
| Recurring financial charges | 65 | €1,119 | €5,582 | +€4,463 | +398.7% |
| Profit (loss) for the period before taxes | 9903 | €294,378 | €253,405 | -€40,972 | -13.9% |
| Income taxes | 67/77 | €82,818 | €80,392 | -€2,425 | -2.9% |
| Profit (loss) for the period | 9904 | €211,560 | €173,013 | -€38,547 | -18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €211,560 | €173,013 | -€38,547 | -18.2% |
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 12 October 2026 via checked.be.