STEENVAST: 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.
STEENVAST
Largest movements
- Cash -€58,172
down €58,172 (-76.1%), from €76,407 to €18,235
mainly Net result for the year (-€27,939) and Investment in fixed assets (net) (-€22,926)
- Tangible fixed assets +€19,872
up €19,872 (+257.5%), from €7,716 to €27,588
- Receivables within one year +€3,543
up €3,543 (+29.4%), from €12,067 to €15,611
of which Trade receivables: +€3,098
- Profit (loss) carried forward -€27,939
down €27,939 (-90.9%), from -€30,742 to -€58,681
- Tax, wage and social debts -€12,873
down €12,873 (-96.9%), from €13,287 to €414
- Other debts +€7,303
up €7,303 (+81.7%), from €8,944 to €16,246
- Trade debts -€1,248
down €1,248 (-78.0%), from €1,600 to €352
- Gross operating margin +€2,632
up €2,632 (+11.0%), from -€24,015 to -€21,382
- Depreciation +€2,078
up €2,078 (+212.8%), from €976 to €3,055
- Other operating charges -€913
down €913 (-26.7%), from €3,421 to €2,508
- Financial charges -€407
down €407 (-33.9%), from €1,202 to €794
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 | €96,191 | €61,434 | -€34,757 | -36.1% |
| Fixed assets | 21/28 | €7,716 | €27,588 | +€19,872 | +257.5% |
| Tangible fixed assets | 22/27 | €7,716 | €27,588 | +€19,872 | +257.5% |
| Furniture and vehicles | 24 | €7,716 | €27,588 | +€19,872 | +257.5% |
| Current assets | 29/58 | €88,474 | €33,846 | -€54,629 | -61.7% |
| Amounts receivable within one year | 40/41 | €12,067 | €15,611 | +€3,543 | +29.4% |
| Trade receivables | 40 | €11,761 | €14,859 | +€3,098 | +26.3% |
| Other amounts receivable | 41 | €306 | €752 | +€446 | +145.8% |
| Cash at bank and in hand | 54/58 | €76,407 | €18,235 | -€58,172 | -76.1% |
| Total equity and liabilities | 10/49 | €96,191 | €61,434 | -€34,757 | -36.1% |
| Equity | 10/15 | €72,360 | €44,422 | -€27,939 | -38.6% |
| Reserves | 13 | €103,102 | €103,102 | = | 0.0% |
| Distributable reserves | 133 | €103,102 | €103,102 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,742 | -€58,681 | -€27,939 | -90.9% |
| Amounts payable | 17/49 | €23,831 | €17,012 | -€6,819 | -28.6% |
| Amounts payable within one year | 42/48 | €23,831 | €17,012 | -€6,819 | -28.6% |
| Trade debts | 44 | €1,600 | €352 | -€1,248 | -78.0% |
| Suppliers | 440/4 | €1,600 | €352 | -€1,248 | -78.0% |
| Taxes, remuneration and social security | 45 | €13,287 | €414 | -€12,873 | -96.9% |
| Taxes | 450/3 | €13,287 | €414 | -€12,873 | -96.9% |
| Other amounts payable | 47/48 | €8,944 | €16,246 | +€7,303 | +81.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €976 | €3,055 | +€2,078 | +212.8% |
| Other operating charges | 640/8 | €3,421 | €2,508 | -€913 | -26.7% |
| Non-recurring operating charges | 66A | €914 | €0 | -€914 | -100.0% |
| Gross operating margin | 9900 | -€24,015 | -€21,382 | +€2,632 | +11.0% |
| Operating profit (loss) | 9901 | -€29,326 | -€26,945 | +€2,382 | +8.1% |
| Financial charges | 65/66B | €1,202 | €794 | -€407 | -33.9% |
| Recurring financial charges | 65 | €1,202 | €794 | -€407 | -33.9% |
| Profit (loss) for the period before taxes | 9903 | -€30,528 | -€27,739 | +€2,789 | +9.1% |
| Income taxes | 67/77 | €214 | €200 | -€15 | -6.8% |
| Profit (loss) for the period | 9904 | -€30,742 | -€27,939 | +€2,804 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,742 | -€27,939 | +€2,804 | +9.1% |
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.