STEENSELS: 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.
STEENSELS
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Reserves -€1,223
down €1,223 (-1.5%), from €79,355 to €78,131
of which Distributable reserves: -€1,223
- Gross operating margin -€18,739
down €18,739, from €17,863 to -€876
- Taxes -€4,943
down €4,943 (-91.1%), from €5,424 to €481
- Financial income -€713
down €713 (-35.0%), from €2,038 to €1,325
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 | €92,250 | €90,954 | -€1,296 | -1.4% |
| Current assets | 29/58 | €92,250 | €90,954 | -€1,296 | -1.4% |
| Stocks and contracts in progress | 3 | €489 | €489 | = | 0.0% |
| Stocks | 30/36 | €489 | €489 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,206 | €389 | -€817 | -67.8% |
| Other amounts receivable | 41 | €1,206 | €389 | -€817 | -67.8% |
| Current investments | 50/53 | €75,000 | €75,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €15,049 | €14,531 | -€518 | -3.4% |
| Deferred charges and accrued income | 490/1 | €505 | €545 | +€40 | +7.9% |
| Total equity and liabilities | 10/49 | €92,250 | €90,954 | -€1,296 | -1.4% |
| Equity | 10/15 | €91,755 | €90,531 | -€1,223 | -1.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €79,355 | €78,131 | -€1,223 | -1.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €79,355 | €78,131 | -€1,223 | -1.5% |
| Amounts payable | 17/49 | €495 | €423 | -€72 | -14.6% |
| Amounts payable within one year | 42/48 | €495 | €423 | -€72 | -14.6% |
| Trade debts | 44 | €432 | €339 | -€93 | -21.6% |
| Suppliers | 440/4 | €432 | €339 | -€93 | -21.6% |
| Taxes, remuneration and social security | 45 | €17 | €84 | +€67 | +392.3% |
| Taxes | 450/3 | €17 | €84 | +€67 | +392.3% |
| Other amounts payable | 47/48 | €46 | €0 | -€46 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,066 | €1,150 | +€85 | +7.9% |
| Gross operating margin | 9900 | €17,863 | -€876 | -€18,739 | |
| Operating profit (loss) | 9901 | €16,797 | -€2,026 | -€18,823 | |
| Financial income | 75/76B | €2,038 | €1,325 | -€713 | -35.0% |
| Recurring financial income | 75 | €2,038 | €1,325 | -€713 | -35.0% |
| Financial charges | 65/66B | €39 | €40 | +€1 | +3.4% |
| Recurring financial charges | 65 | €39 | €40 | +€1 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €18,796 | -€742 | -€19,538 | |
| Income taxes | 67/77 | €5,424 | €481 | -€4,943 | -91.1% |
| Profit (loss) for the period | 9904 | €13,371 | -€1,223 | -€14,595 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,371 | -€1,223 | -€14,595 |
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 11 October 2026 via checked.be.