STEENSTAETE: 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.
What changed
STEENSTAETE
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€712,237
2024 · €444,098+€268,139
Equity
€12.9m
2024 · €12.2m+€712,237
Cash
€2,172
2024 · €3,616-€1,444
Balance sheet total
€38.2m
2024 · €37.7m+€501,142
Largest movements
Assets
- Financial fixed assets +€4.3m
up €4.3m (+16.2%), from €26.3m to €30.5m
- Receivables within one year -€3.7m
down €3.7m (-58.2%), from €6.3m to €2.6m
of which Other amounts receivable: -€3.7m
Equity and liabilities
- Profit (loss) carried forward +€712,237
up €712,237 (+8.6%), from €8.2m to €9.0m
- Debts after one year -€570,000
down €570,000 (-2.3%), from €24.7m to €24.1m
Income statement
- Financial income +€295,182
up €295,182 (+111%), from €266,819 to €562,001
- Taxes +€89,380
up €89,380 (+60.4%), from €148,036 to €237,416
- Gross operating margin +€45,408
up €45,408 (+3.7%), from €1.2m to €1.3m
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
€444,098
Gross operating margin
+€45,408
Depreciation
+€926
Other operating charges
+€6,501
Financial income
+€295,182
Financial charges
+€9,502
Taxes
-€89,380
Result 2025
€712,237
raises the resultlowers the result
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.
From operations
+€4.9m
Investment
-€4.3m
Financing
-€570,000
Cash 2024
€3,616
From operations (derived)
+€4.9m
Net result for the year
+€712,237
Depreciation
+€256,742
Receivables within one year
+€3.7m
Deferred charges and accrued income
-€134,792
Trade debts
+€248,664
Tax, wage and social debts
+€24,800
Advances received
+€60
Other debts
+€62,500
Accrued charges and deferred income
+€22,881
Investment (derived)
-€4.3m
Investment in fixed assets (net)
-€4.3m
Current investments
-€56,748
Financing
-€570,000
Debts after one year
-€570,000
Cash 2025
€2,172
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €37,725,532 | €38,226,674 | +€501,142 | +1.3% |
| Fixed assets | 21/28 | €30,249,997 | €34,243,255 | +€4.0m | +13.2% |
| Tangible fixed assets | 22/27 | €3,982,997 | €3,726,255 | -€256,742 | -6.4% |
| Land and buildings | 22 | €3,982,997 | €3,726,255 | -€256,742 | -6.4% |
| Financial fixed assets | 28 | €26,267,000 | €30,517,000 | +€4.3m | +16.2% |
| Current assets | 29/58 | €7,475,535 | €3,983,419 | -€3.5m | -46.7% |
| Amounts receivable within one year | 40/41 | €6,321,992 | €2,639,780 | -€3.7m | -58.2% |
| Trade receivables | 40 | €81,159 | €82,344 | +€1,184 | +1.5% |
| Other amounts receivable | 41 | €6,240,833 | €2,557,437 | -€3.7m | -59.0% |
| Current investments | 50/53 | €974,503 | €1,031,250 | +€56,748 | +5.8% |
| Cash at bank and in hand | 54/58 | €3,616 | €2,172 | -€1,444 | -39.9% |
| Deferred charges and accrued income | 490/1 | €175,425 | €310,217 | +€134,792 | +76.8% |
| Total equity and liabilities | 10/49 | €37,725,532 | €38,226,674 | +€501,142 | +1.3% |
| Equity | 10/15 | €12,175,723 | €12,887,960 | +€712,237 | +5.8% |
| Contributions | 10/11 | €3,579,000 | €3,579,000 | = | 0.0% |
| Capital | 10 | €3,579,000 | €3,579,000 | = | 0.0% |
| Issued capital | 100 | €3,579,000 | €3,579,000 | = | 0.0% |
| Reserves | 13 | €357,900 | €357,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €357,900 | €357,900 | = | 0.0% |
| Legal reserve | 130 | €357,900 | €357,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,238,823 | €8,951,060 | +€712,237 | +8.6% |
| Amounts payable | 17/49 | €25,549,809 | €25,338,714 | -€211,095 | -0.8% |
| Amounts payable after more than one year | 17 | €24,703,500 | €24,133,500 | -€570,000 | -2.3% |
| Financial debts | 170/4 | €24,703,500 | €24,133,500 | -€570,000 | -2.3% |
| Amounts payable within one year | 42/48 | €582,549 | €918,573 | +€336,024 | +57.7% |
| Current portion of amounts payable after more than one year | 42 | €570,000 | €570,000 | = | 0.0% |
| Trade debts | 44 | €9,049 | €257,713 | +€248,664 | +2,748% |
| Suppliers | 440/4 | €9,049 | €257,713 | +€248,664 | +2,748% |
| Advances received on contracts in progress | 46 | €0 | €60 | +€60 | |
| Taxes, remuneration and social security | 45 | €0 | €24,800 | +€24,800 | |
| Taxes | 450/3 | €0 | €24,800 | +€24,800 | |
| Other amounts payable | 47/48 | €3,500 | €66,000 | +€62,500 | +1,786% |
| Accrued charges and deferred income | 492/3 | €263,760 | €286,641 | +€22,881 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €257,668 | €256,742 | -€926 | -0.4% |
| Other operating charges | 640/8 | €120,723 | €114,223 | -€6,501 | -5.4% |
| Gross operating margin | 9900 | €1,226,504 | €1,271,912 | +€45,408 | +3.7% |
| Operating profit (loss) | 9901 | €848,113 | €900,948 | +€52,835 | +6.2% |
| Financial income | 75/76B | €266,819 | €562,001 | +€295,182 | +111% |
| Recurring financial income | 75 | €266,819 | €562,001 | +€295,182 | +111% |
| Financial charges | 65/66B | €522,798 | €513,297 | -€9,502 | -1.8% |
| Recurring financial charges | 65 | €522,798 | €513,297 | -€9,502 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €592,134 | €949,653 | +€357,519 | +60.4% |
| Income taxes | 67/77 | €148,036 | €237,416 | +€89,380 | +60.4% |
| Profit (loss) for the period | 9904 | €444,098 | €712,237 | +€268,139 | +60.4% |
| Profit (loss) for the period to be appropriated | 9905 | €444,098 | €712,237 | +€268,139 | +60.4% |
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 15 October 2026 via checked.be.