Steenstraete: 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.
Steenstraete
Largest movements
- Cash +€32,453
up €32,453 (+51.0%), from €63,682 to €96,135
mainly Other debts (+€38,651) and Depreciation (+€38,106)
- Tangible fixed assets -€27,841
down €27,841 (-21.7%), from €128,294 to €100,453
of which Plant, machinery and equipment: -€14,053
- Deferred charges and accrued income -€7,126
down €7,126 (-100%), from €7,126 to €0
- Receivables within one year +€5,373
up €5,373 (+48.5%), from €11,070 to €16,443
of which Other amounts receivable: +€7,785
- Stocks and contracts -€3,007
down €3,007 (-12.4%), from €24,205 to €21,198
- Other debts +€38,651
up €38,651 (+2,864%), from €1,349 to €40,000
- Reserves -€22,238
down €22,238 (-42.8%), from €51,926 to €29,688
- Debts after one year -€15,438
down €15,438 (-21.2%), from €72,842 to €57,404
- Tax, wage and social debts -€7,881
down €7,881 (-16.1%), from €48,906 to €41,026
of which Remuneration and social security: -€4,122
- Short-term financial debts +€5,869
new in 2026: €5,869
- Gross operating margin +€24,241
up €24,241 (+6.2%), from €393,113 to €417,355
- Taxes +€5,073
up €5,073 (+152%), from €3,339 to €8,412
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €234,378 | €234,230 | -€148 | -0.1% |
| Fixed assets | 21/28 | €128,295 | €100,453 | -€27,841 | -21.7% |
| Intangible fixed assets | 21 | €1 | €0 | -€0 | -19.7% |
| Tangible fixed assets | 22/27 | €128,294 | €100,453 | -€27,841 | -21.7% |
| Plant, machinery and equipment | 23 | €46,158 | €32,105 | -€14,053 | -30.4% |
| Furniture and vehicles | 24 | €10,389 | €5,903 | -€4,486 | -43.2% |
| Other tangible fixed assets | 26 | €71,746 | €62,444 | -€9,302 | -13.0% |
| Current assets | 29/58 | €106,083 | €133,776 | +€27,693 | +26.1% |
| Stocks and contracts in progress | 3 | €24,205 | €21,198 | -€3,007 | -12.4% |
| Stocks | 30/36 | €24,205 | €21,198 | -€3,007 | -12.4% |
| Amounts receivable within one year | 40/41 | €11,070 | €16,443 | +€5,373 | +48.5% |
| Trade receivables | 40 | €3,341 | €929 | -€2,411 | -72.2% |
| Other amounts receivable | 41 | €7,729 | €15,514 | +€7,785 | +101% |
| Cash at bank and in hand | 54/58 | €63,682 | €96,135 | +€32,453 | +51.0% |
| Deferred charges and accrued income | 490/1 | €7,126 | €0 | -€7,126 | -100% |
| Total equity and liabilities | 10/49 | €234,378 | €234,230 | -€148 | -0.1% |
| Equity | 10/15 | €56,926 | €34,688 | -€22,238 | -39.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €51,926 | €29,688 | -€22,238 | -42.8% |
| Distributable reserves | 133 | €51,926 | €29,688 | -€22,238 | -42.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €177,451 | €199,541 | +€22,090 | +12.4% |
| Amounts payable after more than one year | 17 | €72,842 | €57,404 | -€15,438 | -21.2% |
| Financial debts | 170/4 | €72,842 | €57,404 | -€15,438 | -21.2% |
| Amounts payable within one year | 42/48 | €102,944 | €142,137 | +€39,193 | +38.1% |
| Current portion of amounts payable after more than one year | 42 | €19,475 | €22,890 | +€3,415 | +17.5% |
| Financial debts | 43 | - | €5,869 | +€5,869 | |
| Credit institutions | 430/8 | - | €5,869 | +€5,869 | |
| Trade debts | 44 | €33,214 | €32,352 | -€862 | -2.6% |
| Suppliers | 440/4 | €33,214 | €32,352 | -€862 | -2.6% |
| Taxes, remuneration and social security | 45 | €48,906 | €41,026 | -€7,881 | -16.1% |
| Taxes | 450/3 | €11,495 | €7,736 | -€3,759 | -32.7% |
| Remuneration and social security | 454/9 | €37,411 | €33,290 | -€4,122 | -11.0% |
| Other amounts payable | 47/48 | €1,349 | €40,000 | +€38,651 | +2,864% |
| Accrued charges and deferred income | 492/3 | €1,665 | €0 | -€1,665 | -100% |
| Remuneration, social security and pensions | 62 | €341,260 | €337,841 | -€3,419 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,437 | €38,106 | +€1,669 | +4.6% |
| Other operating charges | 640/8 | €1,985 | €2,599 | +€614 | +30.9% |
| Gross operating margin | 9900 | €393,113 | €417,355 | +€24,241 | +6.2% |
| Operating profit (loss) | 9901 | €13,431 | €38,809 | +€25,378 | +189% |
| Financial income | 75/76B | €31 | €307 | +€276 | +903% |
| Recurring financial income | 75 | €31 | €307 | +€276 | +903% |
| Financial charges | 65/66B | €5,807 | €5,292 | -€515 | -8.9% |
| Recurring financial charges | 65 | €5,473 | €5,265 | -€207 | -3.8% |
| Non-recurring financial charges | 66B | €334 | €26 | -€308 | -92.2% |
| Profit (loss) for the period before taxes | 9903 | €7,655 | €33,824 | +€26,169 | +342% |
| Income taxes | 67/77 | €3,339 | €8,412 | +€5,073 | +152% |
| Profit (loss) for the period | 9904 | €4,316 | €25,412 | +€21,096 | +489% |
| Profit (loss) for the period to be appropriated | 9905 | €4,316 | €25,412 | +€21,096 | +489% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.