STEENWERK: 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.
STEENWERK
Largest movements
- Cash +€22,550
up €22,550 (+8.9%), from €254,794 to €277,343
mainly Other debts (+€15,839) and Net result for the year (+€13,029)
- Tangible fixed assets -€4,902
down €4,902 (-2.7%), from €182,747 to €177,845
- Other debts +€15,839
up €15,839 (+134%), from €11,783 to €27,622
- Accrued charges and deferred income -€13,870
down €13,870 (-65.4%), from €21,210 to €7,341
- Reserves +€13,029
up €13,029 (+24.5%), from €53,184 to €66,213
- Gross operating margin +€6,468
up €6,468 (+23.7%), from €27,271 to €33,740
- Other operating charges -€4,446
down €4,446 (-56.1%), from €7,932 to €3,485
- Taxes +€3,157
up €3,157 (+147%), from €2,141 to €5,298
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 | €441,126 | €458,012 | +€16,886 | +3.8% |
| Fixed assets | 21/28 | €182,747 | €177,845 | -€4,902 | -2.7% |
| Tangible fixed assets | 22/27 | €182,747 | €177,845 | -€4,902 | -2.7% |
| Land and buildings | 22 | €182,747 | €177,845 | -€4,902 | -2.7% |
| Current assets | 29/58 | €258,379 | €280,166 | +€21,788 | +8.4% |
| Cash at bank and in hand | 54/58 | €254,794 | €277,343 | +€22,550 | +8.9% |
| Deferred charges and accrued income | 490/1 | €3,585 | €2,823 | -€762 | -21.3% |
| Total equity and liabilities | 10/49 | €441,126 | €458,012 | +€16,886 | +3.8% |
| Equity | 10/15 | €226,709 | €239,739 | +€13,029 | +5.7% |
| Contributions | 10/11 | €173,525 | €173,525 | = | 0.0% |
| Reserves | 13 | €53,184 | €66,213 | +€13,029 | +24.5% |
| Distributable reserves | 133 | €53,184 | €66,213 | +€13,029 | +24.5% |
| Amounts payable | 17/49 | €214,416 | €218,273 | +€3,857 | +1.8% |
| Amounts payable after more than one year | 17 | €173,525 | €173,525 | = | 0.0% |
| Financial debts | 170/4 | €173,525 | €173,525 | = | 0.0% |
| Amounts payable within one year | 42/48 | €19,680 | €37,407 | +€17,726 | +90.1% |
| Trade debts | 44 | €29 | €30 | +€1 | +2.9% |
| Suppliers | 440/4 | €29 | €30 | +€1 | +2.9% |
| Taxes, remuneration and social security | 45 | €7,868 | €9,754 | +€1,886 | +24.0% |
| Taxes | 450/3 | €7,868 | €9,754 | +€1,886 | +24.0% |
| Other amounts payable | 47/48 | €11,783 | €27,622 | +€15,839 | +134% |
| Accrued charges and deferred income | 492/3 | €21,210 | €7,341 | -€13,870 | -65.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,801 | €4,902 | +€101 | +2.1% |
| Other operating charges | 640/8 | €7,932 | €3,485 | -€4,446 | -56.1% |
| Gross operating margin | 9900 | €27,271 | €33,740 | +€6,468 | +23.7% |
| Operating profit (loss) | 9901 | €14,539 | €25,353 | +€10,814 | +74.4% |
| Financial charges | 65/66B | €7,021 | €7,025 | +€4 | +0.1% |
| Recurring financial charges | 65 | €7,021 | €7,025 | +€4 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €7,518 | €18,327 | +€10,810 | +144% |
| Income taxes | 67/77 | €2,141 | €5,298 | +€3,157 | +147% |
| Profit (loss) for the period | 9904 | €5,376 | €13,029 | +€7,653 | +142% |
| Profit (loss) for the period to be appropriated | 9905 | €5,376 | €13,029 | +€7,653 | +142% |
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 20 October 2026 via checked.be.