STEENSELS.NET: 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.NET
Largest movements
- Receivables within one year +€8,364
up €8,364 (+21.5%), from €38,915 to €47,279
of which Trade receivables: +€9,593
- Cash -€8,285
down €8,285 (-70.5%), from €11,758 to €3,473
mainly Contributions, distributions and other (-€24,232) and Debts after one year (-€15,990)
- Debts after one year -€15,990
down €15,990 (-7.4%), from €214,969 to €198,979
- Tax, wage and social debts +€4,444
up €4,444 (+37.7%), from €11,776 to €16,220
- Other debts +€4,382
up €4,382 (+350%), from €1,253 to €5,635
- Gross operating margin +€16,101
up €16,101 (+33.2%), from €48,499 to €64,600
- Taxes +€5,762
up €5,762 (+55.1%), from €10,458 to €16,220
- Depreciation +€931
up €931 (+6.6%), from €14,083 to €15,014
- Financial income -€878
down €878 (-66.1%), from €1,329 to €451
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 | €431,822 | €430,775 | -€1,047 | -0.2% |
| Fixed assets | 21/28 | €368,365 | €369,285 | +€920 | +0.2% |
| Tangible fixed assets | 22/27 | €317,773 | €317,849 | +€76 | 0.0% |
| Land and buildings | 22 | €276,663 | €270,609 | -€6,054 | -2.2% |
| Plant, machinery and equipment | 23 | €19,593 | €27,662 | +€8,069 | +41.2% |
| Furniture and vehicles | 24 | €21,517 | €19,578 | -€1,939 | -9.0% |
| Financial fixed assets | 28 | €50,592 | €51,436 | +€844 | +1.7% |
| Current assets | 29/58 | €63,457 | €61,490 | -€1,967 | -3.1% |
| Amounts receivable after more than one year | 29 | €10,906 | €9,324 | -€1,582 | -14.5% |
| Other amounts receivable | 291 | €10,906 | €9,324 | -€1,582 | -14.5% |
| Amounts receivable within one year | 40/41 | €38,915 | €47,279 | +€8,364 | +21.5% |
| Trade receivables | 40 | €34,555 | €44,148 | +€9,593 | +27.8% |
| Other amounts receivable | 41 | €4,360 | €3,131 | -€1,229 | -28.2% |
| Cash at bank and in hand | 54/58 | €11,758 | €3,473 | -€8,285 | -70.5% |
| Deferred charges and accrued income | 490/1 | €1,878 | €1,414 | -€464 | -24.7% |
| Total equity and liabilities | 10/49 | €431,822 | €430,775 | -€1,047 | -0.2% |
| Equity | 10/15 | €171,549 | €174,804 | +€3,255 | +1.9% |
| Contributions | 10/11 | €18,900 | €18,900 | = | 0.0% |
| Reserves | 13 | €62,145 | €65,400 | +€3,255 | +5.2% |
| Non-distributable reserves | 130/1 | €1,890 | - | -€1,890 | |
| Reserves not available under the articles | 1311 | €1,890 | - | -€1,890 | |
| Distributable reserves | 133 | €60,255 | €65,400 | +€5,145 | +8.5% |
| Profit (loss) carried forward | 14 | €90,504 | €90,504 | = | 0.0% |
| Amounts payable | 17/49 | €260,273 | €255,971 | -€4,302 | -1.7% |
| Amounts payable after more than one year | 17 | €214,969 | €198,979 | -€15,990 | -7.4% |
| Financial debts | 170/4 | €214,969 | €198,979 | -€15,990 | -7.4% |
| Amounts payable within one year | 42/48 | €44,324 | €56,992 | +€12,668 | +28.6% |
| Current portion of amounts payable after more than one year | 42 | €14,590 | €15,419 | +€829 | +5.7% |
| Trade debts | 44 | €16,705 | €19,718 | +€3,013 | +18.0% |
| Suppliers | 440/4 | €16,705 | €19,718 | +€3,013 | +18.0% |
| Taxes, remuneration and social security | 45 | €11,776 | €16,220 | +€4,444 | +37.7% |
| Taxes | 450/3 | €11,776 | €16,220 | +€4,444 | +37.7% |
| Other amounts payable | 47/48 | €1,253 | €5,635 | +€4,382 | +350% |
| Accrued charges and deferred income | 492/3 | €980 | - | -€980 | |
| Non-recurring operating income | 76A | - | €1,383 | +€1,383 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,083 | €15,014 | +€931 | +6.6% |
| Non-recurring operating charges | 66A | €124 | €183 | +€59 | +47.6% |
| Gross operating margin | 9900 | €48,499 | €64,600 | +€16,101 | +33.2% |
| Operating profit (loss) | 9901 | €34,292 | €49,403 | +€15,111 | +44.1% |
| Financial income | 75/76B | €1,329 | €451 | -€878 | -66.1% |
| Recurring financial income | 75 | €1,329 | €451 | -€878 | -66.1% |
| Financial charges | 65/66B | €6,726 | €6,147 | -€579 | -8.6% |
| Recurring financial charges | 65 | €6,726 | €6,147 | -€579 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €28,895 | €43,707 | +€14,812 | +51.3% |
| Income taxes | 67/77 | €10,458 | €16,220 | +€5,762 | +55.1% |
| Profit (loss) for the period | 9904 | €18,437 | €27,487 | +€9,050 | +49.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,437 | €27,487 | +€9,050 | +49.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.