STEEX: 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.
STEEX
Largest movements
- Cash +€116,350
up €116,350 (+46.3%), from €251,277 to €367,627
mainly Other debts (+€328,594) and Net result for the year (+€116,800)
- Tangible fixed assets -€8,417
down €8,417 (-19.7%), from €42,698 to €34,281
of which Furniture and vehicles: -€8,244
- Other debts +€328,594
up €328,594 (+4447.8%), from €7,388 to €335,982
- Profit (loss) carried forward -€213,200
down €213,200 (-95.9%), from €222,228 to €9,027
- Trade debts -€5,516
down €5,516 (-87.6%), from €6,298 to €782
- Gross operating margin +€12,733
up €12,733 (+8.5%), from €149,280 to €162,013
- Taxes +€2,367
up €2,367 (+7.5%), from €31,607 to €33,973
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 | €315,340 | €423,948 | +€108,608 | +34.4% |
| Fixed assets | 21/28 | €42,698 | €34,281 | -€8,417 | -19.7% |
| Tangible fixed assets | 22/27 | €42,698 | €34,281 | -€8,417 | -19.7% |
| Plant, machinery and equipment | 23 | €1,513 | €1,340 | -€173 | -11.5% |
| Furniture and vehicles | 24 | €41,185 | €32,941 | -€8,244 | -20.0% |
| Current assets | 29/58 | €272,642 | €389,667 | +€117,025 | +42.9% |
| Amounts receivable within one year | 40/41 | €21,365 | €22,040 | +€675 | +3.2% |
| Trade receivables | 40 | €21,365 | €22,040 | +€675 | +3.2% |
| Cash at bank and in hand | 54/58 | €251,277 | €367,627 | +€116,350 | +46.3% |
| Total equity and liabilities | 10/49 | €315,340 | €423,948 | +€108,608 | +34.4% |
| Equity | 10/15 | €225,228 | €12,027 | -€213,200 | -94.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Outside capital | 11 | €3,000 | €3,000 | = | 0.0% |
| Other | 1109/19 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €222,228 | €9,027 | -€213,200 | -95.9% |
| Amounts payable | 17/49 | €90,113 | €411,921 | +€321,808 | +357.1% |
| Amounts payable within one year | 42/48 | €90,113 | €411,921 | +€321,808 | +357.1% |
| Trade debts | 44 | €6,298 | €782 | -€5,516 | -87.6% |
| Suppliers | 440/4 | €6,298 | €782 | -€5,516 | -87.6% |
| Taxes, remuneration and social security | 45 | €76,427 | €75,157 | -€1,270 | -1.7% |
| Taxes | 450/3 | €76,427 | €75,157 | -€1,270 | -1.7% |
| Other amounts payable | 47/48 | €7,388 | €335,982 | +€328,594 | +4447.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,684 | €12,136 | +€452 | +3.9% |
| Other operating charges | 640/8 | €673 | €990 | +€317 | +47.1% |
| Gross operating margin | 9900 | €149,280 | €162,013 | +€12,733 | +8.5% |
| Operating profit (loss) | 9901 | €136,923 | €148,887 | +€11,963 | +8.7% |
| Financial income | 75/76B | €2,244 | €1,932 | -€312 | -13.9% |
| Recurring financial income | 75 | €2,244 | €1,932 | -€312 | -13.9% |
| Financial charges | 65/66B | €29 | €45 | +€16 | +54.2% |
| Recurring financial charges | 65 | €29 | €45 | +€16 | +54.2% |
| Profit (loss) for the period before taxes | 9903 | €139,138 | €150,773 | +€11,636 | +8.4% |
| Income taxes | 67/77 | €31,607 | €33,973 | +€2,367 | +7.5% |
| Profit (loss) for the period | 9904 | €107,531 | €116,800 | +€9,269 | +8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €107,531 | €116,800 | +€9,269 | +8.6% |
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.