STEIBEL: 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.
STEIBEL
Largest movements
- Receivables within one year -€7,135
down €7,135 (-98.7%), from €7,227 to €92
of which Trade receivables: -€6,978
- Cash -€1,150
down €1,150 (-92.2%), from €1,248 to €98
mainly Trade debts (-€8,028) and Tax, wage and social debts (-€4,730)
- Deferred charges and accrued income -€620
no longer reported in 2026 (was €620)
- Trade debts -€8,028
down €8,028 (-94.9%), from €8,460 to €433
- Other debts +€7,317
up €7,317 (+49.7%), from €14,720 to €22,037
- Tax, wage and social debts -€4,730
no longer reported in 2026 (was €4,730)
of which Remuneration and social security: -€2,824
- Profit (loss) carried forward -€3,465
down €3,465 (-14.6%), from -€23,815 to -€27,280
- Staff costs -€61,597
down €61,597 (-99.6%), from €61,833 to €237
- Gross operating margin -€31,425
down €31,425, from €29,643 to -€1,782
- Financial charges +€833
up €833 (+421.4%), from €198 to €1,030
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,095 | €190 | -€8,906 | -97.9% |
| Current assets | 29/58 | €9,095 | €190 | -€8,906 | -97.9% |
| Amounts receivable within one year | 40/41 | €7,227 | €92 | -€7,135 | -98.7% |
| Trade receivables | 40 | €7,070 | €92 | -€6,978 | -98.7% |
| Other amounts receivable | 41 | €157 | - | -€157 | |
| Cash at bank and in hand | 54/58 | €1,248 | €98 | -€1,150 | -92.2% |
| Deferred charges and accrued income | 490/1 | €620 | - | -€620 | |
| Total equity and liabilities | 10/49 | €9,095 | €190 | -€8,906 | -97.9% |
| Equity | 10/15 | -€18,815 | -€22,280 | -€3,465 | -18.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,815 | -€27,280 | -€3,465 | -14.6% |
| Amounts payable | 17/49 | €27,910 | €22,470 | -€5,440 | -19.5% |
| Amounts payable within one year | 42/48 | €27,910 | €22,470 | -€5,440 | -19.5% |
| Trade debts | 44 | €8,460 | €433 | -€8,028 | -94.9% |
| Suppliers | 440/4 | €8,460 | €433 | -€8,028 | -94.9% |
| Taxes, remuneration and social security | 45 | €4,730 | - | -€4,730 | |
| Taxes | 450/3 | €1,906 | - | -€1,906 | |
| Remuneration and social security | 454/9 | €2,824 | - | -€2,824 | |
| Other amounts payable | 47/48 | €14,720 | €22,037 | +€7,317 | +49.7% |
| Non-recurring operating income | 76A | €10 | - | -€10 | |
| Remuneration, social security and pensions | 62 | €61,833 | €237 | -€61,597 | -99.6% |
| Other operating charges | 640/8 | €604 | €416 | -€188 | -31.1% |
| Non-recurring operating charges | 66A | €904 | - | -€904 | |
| Gross operating margin | 9900 | €29,643 | -€1,782 | -€31,425 | |
| Operating profit (loss) | 9901 | -€33,698 | -€2,435 | +€31,263 | +92.8% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €198 | €1,030 | +€833 | +421.4% |
| Recurring financial charges | 65 | €198 | €1,030 | +€833 | +421.4% |
| Profit (loss) for the period before taxes | 9903 | -€33,891 | -€3,465 | +€30,425 | +89.8% |
| Profit (loss) for the period | 9904 | -€33,891 | -€3,465 | +€30,425 | +89.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,891 | -€3,465 | +€30,425 | +89.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.