STEENVEST: 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.
STEENVEST
Largest movements
- Cash -€274,558
down €274,558 (-39.0%), from €703,442 to €428,883
mainly Receivables within one year (-€242,621) and Other debts (-€203,663)
- Receivables within one year +€242,621
up €242,621 (+3,288%), from €7,379 to €250,000
- Stocks and contracts +€32,288
up €32,288 (+1.5%), from €2.1m to €2.1m
- Short-term financial debts +€393,645
up €393,645 (+145%), from €271,700 to €665,345
- Other debts -€203,663
down €203,663 (-14.3%), from €1.4m to €1.2m
- Profit (loss) carried forward -€143,404
down €143,404, from €34,750 to -€108,654
- Debts after one year -€41,867
down €41,867 (-7.1%), from €586,133 to €544,267
- Gross operating margin -€139,799
down €139,799, from €98,341 to -€41,458
- Financial charges +€12,071
up €12,071 (+14.3%), from €84,282 to €96,353
- Taxes -€2,252
down €2,252 (-100%), from €2,252 to €0
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 | €2,806,868 | €2,808,449 | +€1,581 | +0.1% |
| Current assets | 29/58 | €2,806,868 | €2,808,449 | +€1,581 | +0.1% |
| Stocks and contracts in progress | 3 | €2,096,047 | €2,128,336 | +€32,288 | +1.5% |
| Stocks | 30/36 | €2,096,047 | €2,128,336 | +€32,288 | +1.5% |
| Amounts receivable within one year | 40/41 | €7,379 | €250,000 | +€242,621 | +3,288% |
| Other amounts receivable | 41 | €7,379 | €250,000 | +€242,621 | +3,288% |
| Cash at bank and in hand | 54/58 | €703,442 | €428,883 | -€274,558 | -39.0% |
| Deferred charges and accrued income | 490/1 | - | €1,230 | +€1,230 | |
| Total equity and liabilities | 10/49 | €2,806,868 | €2,808,449 | +€1,581 | +0.1% |
| Equity | 10/15 | €474,750 | €331,346 | -€143,404 | -30.2% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Capital | 10 | €400,000 | €400,000 | = | 0.0% |
| Issued capital | 100 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €40,000 | €40,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €40,000 | €40,000 | = | 0.0% |
| Legal reserve | 130 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,750 | -€108,654 | -€143,404 | |
| Amounts payable | 17/49 | €2,332,118 | €2,477,104 | +€144,986 | +6.2% |
| Amounts payable after more than one year | 17 | €586,133 | €544,267 | -€41,867 | -7.1% |
| Financial debts | 170/4 | €586,133 | €544,267 | -€41,867 | -7.1% |
| Amounts payable within one year | 42/48 | €1,745,562 | €1,932,837 | +€187,275 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €41,867 | €41,867 | = | 0.0% |
| Financial debts | 43 | €271,700 | €665,345 | +€393,645 | +145% |
| Credit institutions | 430/8 | €271,700 | €665,345 | +€393,645 | +145% |
| Trade debts | 44 | - | €165 | +€165 | |
| Suppliers | 440/4 | - | €165 | +€165 | |
| Taxes, remuneration and social security | 45 | €7,652 | €4,780 | -€2,872 | -37.5% |
| Taxes | 450/3 | €7,652 | €4,780 | -€2,872 | -37.5% |
| Other amounts payable | 47/48 | €1,424,343 | €1,220,680 | -€203,663 | -14.3% |
| Accrued charges and deferred income | 492/3 | €423 | €0 | -€423 | -100% |
| Other operating charges | 640/8 | €5,051 | €5,596 | +€544 | +10.8% |
| Gross operating margin | 9900 | €98,341 | -€41,458 | -€139,799 | |
| Operating profit (loss) | 9901 | €93,290 | -€47,054 | -€140,344 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €84,282 | €96,353 | +€12,071 | +14.3% |
| Recurring financial charges | 65 | €84,282 | €96,353 | +€12,071 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | €9,008 | -€143,404 | -€152,412 | |
| Income taxes | 67/77 | €2,252 | €0 | -€2,252 | -100% |
| Profit (loss) for the period | 9904 | €6,756 | -€143,404 | -€150,160 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,756 | -€143,404 | -€150,160 |
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 18 October 2026 via checked.be.