STEFFENS: 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.
STEFFENS
Largest movements
- Cash +€33,384
up €33,384 (+257.7%), from €12,952 to €46,336
mainly Other debts (+€81,859) and Net result for the year (+€41,457)
- Tangible fixed assets -€13,967
down €13,967 (-29.2%), from €47,827 to €33,861
of which Furniture and vehicles: -€15,916
- Current investments +€12,822
up €12,822 (+7.5%), from €170,000 to €182,822
- Receivables within one year -€4,878
down €4,878 (-9.4%), from €51,818 to €46,940
of which Trade receivables: -€3,700
- Other debts +€81,859
up €81,859 (+450.5%), from €18,169 to €100,028
- Reserves -€58,100
down €58,100 (-28.3%), from €205,500 to €147,400
- Gross operating margin -€11,652
down €11,652 (-13.3%), from €87,404 to €75,752
- Depreciation +€9,738
up €9,738 (+81.6%), from €11,929 to €21,667
- Taxes -€4,212
down €4,212 (-21.4%), from €19,671 to €15,459
- Financial income +€3,756
up €3,756 (+804.8%), from €467 to €4,223
- Write-downs -€2,220
no longer reported in 2025 (was €2,220)
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 | €287,262 | €313,762 | +€26,500 | +9.2% |
| Fixed assets | 21/28 | €47,827 | €33,861 | -€13,967 | -29.2% |
| Tangible fixed assets | 22/27 | €47,827 | €33,861 | -€13,967 | -29.2% |
| Plant, machinery and equipment | 23 | €11,437 | €13,387 | +€1,950 | +17.0% |
| Furniture and vehicles | 24 | €36,390 | €20,474 | -€15,916 | -43.7% |
| Current assets | 29/58 | €239,435 | €279,901 | +€40,466 | +16.9% |
| Stocks and contracts in progress | 3 | €3,086 | €2,061 | -€1,025 | -33.2% |
| Stocks | 30/36 | €3,086 | €2,061 | -€1,025 | -33.2% |
| Amounts receivable within one year | 40/41 | €51,818 | €46,940 | -€4,878 | -9.4% |
| Trade receivables | 40 | €34,342 | €30,642 | -€3,700 | -10.8% |
| Other amounts receivable | 41 | €17,476 | €16,298 | -€1,178 | -6.7% |
| Current investments | 50/53 | €170,000 | €182,822 | +€12,822 | +7.5% |
| Cash at bank and in hand | 54/58 | €12,952 | €46,336 | +€33,384 | +257.7% |
| Deferred charges and accrued income | 490/1 | €1,579 | €1,742 | +€164 | +10.4% |
| Total equity and liabilities | 10/49 | €287,262 | €313,762 | +€26,500 | +9.2% |
| Equity | 10/15 | €263,956 | €205,913 | -€58,043 | -22.0% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €205,500 | €147,400 | -€58,100 | -28.3% |
| Distributable reserves | 133 | €205,500 | €147,400 | -€58,100 | -28.3% |
| Profit (loss) carried forward | 14 | €23,456 | €23,513 | +€57 | +0.2% |
| Amounts payable | 17/49 | €23,307 | €107,849 | +€84,543 | +362.7% |
| Amounts payable within one year | 42/48 | €23,294 | €107,777 | +€84,483 | +362.7% |
| Trade debts | 44 | €4,682 | €4,701 | +€18 | +0.4% |
| Suppliers | 440/4 | €4,682 | €4,701 | +€18 | +0.4% |
| Taxes, remuneration and social security | 45 | €442 | €3,048 | +€2,606 | +588.9% |
| Taxes | 450/3 | €442 | €448 | +€6 | +1.3% |
| Remuneration and social security | 454/9 | - | €2,600 | +€2,600 | |
| Other amounts payable | 47/48 | €18,169 | €100,028 | +€81,859 | +450.5% |
| Accrued charges and deferred income | 492/3 | €12 | €72 | +€59 | +478.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,929 | €21,667 | +€9,738 | +81.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,220 | - | -€2,220 | |
| Other operating charges | 640/8 | €1,321 | €1,164 | -€157 | -11.9% |
| Gross operating margin | 9900 | €87,404 | €75,752 | -€11,652 | -13.3% |
| Operating profit (loss) | 9901 | €71,934 | €52,922 | -€19,013 | -26.4% |
| Financial income | 75/76B | €467 | €4,223 | +€3,756 | +804.8% |
| Recurring financial income | 75 | €467 | €4,223 | +€3,756 | +804.8% |
| Financial charges | 65/66B | €138 | €228 | +€90 | +65.2% |
| Recurring financial charges | 65 | €138 | €228 | +€90 | +65.2% |
| Profit (loss) for the period before taxes | 9903 | €72,263 | €56,916 | -€15,347 | -21.2% |
| Income taxes | 67/77 | €19,671 | €15,459 | -€4,212 | -21.4% |
| Profit (loss) for the period | 9904 | €52,592 | €41,457 | -€11,135 | -21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €52,592 | €41,457 | -€11,135 | -21.2% |
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 9 October 2026 via checked.be.