STEENWOOD: 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.
STEENWOOD
Largest movements
- Stocks and contracts -€203,409
no longer reported in 2025 (was €203,409)
of which Stocks: -€153,641
- Tangible fixed assets -€24,487
down €24,487 (-7.3%), from €335,633 to €311,145
of which Land and buildings: -€20,351
- Cash +€11,904
up €11,904 (+1,087%), from €1,095 to €13,000
mainly Stocks and contracts (+€203,409) and Debts after one year (+€91,463)
- Profit (loss) carried forward -€131,919
down €131,919 (-283%), from -€46,571 to -€178,490
- Debts after one year +€91,463
up €91,463 (+26.4%), from €346,187 to €437,650
of which Other amounts payable: +€121,682
- Trade debts -€62,652
down €62,652 (-97.9%), from €63,984 to €1,332
- Advances received -€55,547
no longer reported in 2025 (was €55,547)
- Short-term financial debts -€55,000
no longer reported in 2025 (was €55,000)
- Gross operating margin -€58,843
down €58,843, from €15,787 to -€43,056
- Write-downs +€44,879
new in 2025: €44,879
- Financial income +€7,921
up €7,921 (+1,494,566%), from €1 to €7,922
- Other operating charges +€6,120
up €6,120 (+233%), from €2,623 to €8,743
- Taxes -€3,098
no longer reported in 2025 (was €3,098)
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 | €541,456 | €326,179 | -€215,276 | -39.8% |
| Fixed assets | 21/28 | €336,950 | €312,172 | -€24,777 | -7.4% |
| Intangible fixed assets | 21 | €290 | - | -€290 | |
| Tangible fixed assets | 22/27 | €335,633 | €311,145 | -€24,487 | -7.3% |
| Land and buildings | 22 | €331,496 | €311,145 | -€20,351 | -6.1% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €4,137 | - | -€4,137 | |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Financial fixed assets | 28 | €1,027 | €1,027 | = | 0.0% |
| Current assets | 29/58 | €204,506 | €14,007 | -€190,499 | -93.2% |
| Stocks and contracts in progress | 3 | €203,409 | - | -€203,409 | |
| Stocks | 30/36 | €153,641 | - | -€153,641 | |
| Contracts in progress | 37 | €49,768 | - | -€49,768 | |
| Amounts receivable within one year | 40/41 | - | €129 | +€129 | |
| Other amounts receivable | 41 | - | €129 | +€129 | |
| Cash at bank and in hand | 54/58 | €1,095 | €13,000 | +€11,904 | +1,087% |
| Deferred charges and accrued income | 490/1 | €2 | €878 | +€876 | +48,674% |
| Total equity and liabilities | 10/49 | €541,456 | €326,179 | -€215,276 | -39.8% |
| Equity | 10/15 | -€26,514 | -€158,433 | -€131,919 | -498% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,457 | €1,457 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,457 | - | -€1,457 | |
| Reserves not available under the articles | 1311 | €1,457 | - | -€1,457 | |
| Distributable reserves | 133 | - | €1,457 | +€1,457 | |
| Profit (loss) carried forward | 14 | -€46,571 | -€178,490 | -€131,919 | -283% |
| Amounts payable | 17/49 | €567,970 | €484,612 | -€83,357 | -14.7% |
| Amounts payable after more than one year | 17 | €346,187 | €437,650 | +€91,463 | +26.4% |
| Financial debts | 170/4 | €193,334 | €163,115 | -€30,219 | -15.6% |
| Other amounts payable | 178/9 | €152,853 | €274,534 | +€121,682 | +79.6% |
| Amounts payable within one year | 42/48 | €221,107 | €46,963 | -€174,144 | -78.8% |
| Current portion of amounts payable after more than one year | 42 | €27,368 | €26,139 | -€1,230 | -4.5% |
| Financial debts | 43 | €55,000 | - | -€55,000 | |
| Credit institutions | 430/8 | €55,000 | - | -€55,000 | |
| Trade debts | 44 | €63,984 | €1,332 | -€62,652 | -97.9% |
| Suppliers | 440/4 | €63,984 | €1,332 | -€62,652 | -97.9% |
| Advances received on contracts in progress | 46 | €55,547 | - | -€55,547 | |
| Taxes, remuneration and social security | 45 | €19,207 | €234 | -€18,973 | -98.8% |
| Taxes | 450/3 | €7,442 | €234 | -€7,208 | -96.9% |
| Remuneration and social security | 454/9 | €11,765 | - | -€11,765 | |
| Other amounts payable | 47/48 | - | €19,258 | +€19,258 | |
| Accrued charges and deferred income | 492/3 | €675 | - | -€675 | |
| Non-recurring operating income | 76A | - | €6,812 | +€6,812 | |
| Remuneration, social security and pensions | 62 | €2,931 | €4,611 | +€1,680 | +57.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,114 | €20,351 | -€2,763 | -12.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €44,879 | +€44,879 | |
| Other operating charges | 640/8 | €2,623 | €8,743 | +€6,120 | +233% |
| Non-recurring operating charges | 66A | - | €3,115 | +€3,115 | |
| Gross operating margin | 9900 | €15,787 | -€43,056 | -€58,843 | |
| Operating profit (loss) | 9901 | -€12,881 | -€124,756 | -€111,875 | -869% |
| Financial income | 75/76B | €1 | €7,922 | +€7,921 | +1,494,566% |
| Recurring financial income | 75 | €1 | €7,922 | +€7,921 | +1,494,566% |
| Financial charges | 65/66B | €16,343 | €15,085 | -€1,258 | -7.7% |
| Recurring financial charges | 65 | €16,343 | €15,085 | -€1,258 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | -€29,223 | -€131,919 | -€102,696 | -351% |
| Income taxes | 67/77 | €3,098 | - | -€3,098 | |
| Profit (loss) for the period | 9904 | -€32,321 | -€131,919 | -€99,598 | -308% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,321 | -€131,919 | -€99,598 | -308% |
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 22 October 2026 via checked.be.