Steensand: 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.
Steensand
Largest movements
- Tangible fixed assets +€93,139
up €93,139 (+116.8%), from €79,748 to €172,887
of which Plant, machinery and equipment: +€57,293
- Receivables within one year +€18,537
up €18,537 (+357.8%), from €5,180 to €23,717
of which Trade receivables: +€18,537
- Cash +€9,631
up €9,631 (+17.5%), from €54,913 to €64,544
mainly Debts after one year (+€78,245) and Net result for the year (+€34,856)
- Financial fixed assets +€5,329
up €5,329 (+1065.8%), from €500 to €5,829
- Debts after one year +€78,245
up €78,245 (+121.8%), from €64,237 to €142,482
- Reserves +€34,856
up €34,856 (+138.3%), from €25,200 to €60,057
- Current portion of long-term debt +€9,023
up €9,023 (+85.1%), from €10,598 to €19,621
- Tax, wage and social debts +€4,892
up €4,892 (+164.3%), from €2,978 to €7,870
of which Taxes: +€2,995
- Gross operating margin +€24,247
up €24,247 (+29.4%), from €82,362 to €106,609
- Staff costs +€11,064
up €11,064 (+46.5%), from €23,812 to €34,876
- Taxes +€7,276
up €7,276 (+446.4%), from €1,630 to €8,905
- Depreciation +€4,918
up €4,918 (+31.9%), from €15,411 to €20,330
- Financial charges +€2,655
up €2,655 (+56.2%), from €4,723 to €7,378
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 | €152,810 | €279,181 | +€126,370 | +82.7% |
| Fixed assets | 21/28 | €80,248 | €178,716 | +€98,468 | +122.7% |
| Tangible fixed assets | 22/27 | €79,748 | €172,887 | +€93,139 | +116.8% |
| Land and buildings | 22 | €33,906 | €54,359 | +€20,454 | +60.3% |
| Plant, machinery and equipment | 23 | €38,136 | €95,429 | +€57,293 | +150.2% |
| Furniture and vehicles | 24 | €326 | €14,422 | +€14,096 | +4322.1% |
| Other tangible fixed assets | 26 | €7,381 | €8,678 | +€1,297 | +17.6% |
| Financial fixed assets | 28 | €500 | €5,829 | +€5,329 | +1065.8% |
| Current assets | 29/58 | €72,562 | €100,464 | +€27,902 | +38.5% |
| Stocks and contracts in progress | 3 | €9,361 | €9,953 | +€592 | +6.3% |
| Stocks | 30/36 | €9,361 | €9,953 | +€592 | +6.3% |
| Amounts receivable within one year | 40/41 | €5,180 | €23,717 | +€18,537 | +357.8% |
| Trade receivables | 40 | €1,310 | €19,847 | +€18,537 | +1414.8% |
| Other amounts receivable | 41 | €3,870 | €3,870 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €54,913 | €64,544 | +€9,631 | +17.5% |
| Deferred charges and accrued income | 490/1 | €3,107 | €2,249 | -€858 | -27.6% |
| Total equity and liabilities | 10/49 | €152,810 | €279,181 | +€126,370 | +82.7% |
| Equity | 10/15 | €35,200 | €70,057 | +€34,856 | +99.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €25,200 | €60,057 | +€34,856 | +138.3% |
| Distributable reserves | 133 | €25,200 | €60,057 | +€34,856 | +138.3% |
| Amounts payable | 17/49 | €117,610 | €209,124 | +€91,514 | +77.8% |
| Amounts payable after more than one year | 17 | €64,237 | €142,482 | +€78,245 | +121.8% |
| Financial debts | 170/4 | €64,237 | €142,482 | +€78,245 | +121.8% |
| Amounts payable within one year | 42/48 | €53,373 | €66,642 | +€13,269 | +24.9% |
| Current portion of amounts payable after more than one year | 42 | €10,598 | €19,621 | +€9,023 | +85.1% |
| Trade debts | 44 | €5,899 | €4,572 | -€1,328 | -22.5% |
| Suppliers | 440/4 | €5,899 | €4,572 | -€1,328 | -22.5% |
| Taxes, remuneration and social security | 45 | €2,978 | €7,870 | +€4,892 | +164.3% |
| Taxes | 450/3 | €1,024 | €4,019 | +€2,995 | +292.5% |
| Remuneration and social security | 454/9 | €1,954 | €3,851 | +€1,897 | +97.1% |
| Other amounts payable | 47/48 | €33,897 | €34,579 | +€682 | +2.0% |
| Remuneration, social security and pensions | 62 | €23,812 | €34,876 | +€11,064 | +46.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,411 | €20,330 | +€4,918 | +31.9% |
| Other operating charges | 640/8 | €193 | €311 | +€118 | +61.1% |
| Gross operating margin | 9900 | €82,362 | €106,609 | +€24,247 | +29.4% |
| Operating profit (loss) | 9901 | €42,946 | €51,092 | +€8,146 | +19.0% |
| Financial income | 75/76B | - | €47 | +€47 | |
| Recurring financial income | 75 | - | €47 | +€47 | |
| Financial charges | 65/66B | €4,723 | €7,378 | +€2,655 | +56.2% |
| Recurring financial charges | 65 | €4,723 | €7,378 | +€2,655 | +56.2% |
| Profit (loss) for the period before taxes | 9903 | €38,223 | €43,762 | +€5,539 | +14.5% |
| Income taxes | 67/77 | €1,630 | €8,905 | +€7,276 | +446.4% |
| Profit (loss) for the period | 9904 | €36,593 | €34,856 | -€1,737 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €36,593 | €34,856 | -€1,737 | -4.7% |
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 8 October 2026 via checked.be.