STEICON PLUS: 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.
STEICON PLUS
Largest movements
- Cash +€162,752
up €162,752 (+318%), from €51,170 to €213,922
mainly Net result for the year (+€150,598) and Debts after one year (+€73,948)
- Receivables within one year +€123,348
up €123,348 (+64.5%), from €191,227 to €314,576
of which Trade receivables: +€101,537
- Tangible fixed assets +€92,111
up €92,111 (+25.5%), from €360,893 to €453,004
of which Plant, machinery and equipment: +€201,802
- Current investments -€73,764
down €73,764 (-98.1%), from €75,175 to €1,411
- Deferred charges and accrued income -€46,148
down €46,148 (-81.7%), from €56,496 to €10,348
- Reserves +€150,598
up €150,598 (+46.2%), from €326,216 to €476,814
- Debts after one year +€73,948
up €73,948 (+82.9%), from €89,185 to €163,133
of which Financial debts: +€74,318
- Other debts -€73,502
down €73,502 (-100%), from €73,502 to €0
- Current portion of long-term debt +€56,729
up €56,729 (+99.8%), from €56,846 to €113,574
- Accrued charges and deferred income +€47,323
new in 2025: €47,323
- Write-downs +€16,475
new in 2025: €16,475
- Gross operating margin -€15,456
down €15,456 (-4.2%), from €369,887 to €354,431
- Taxes -€13,957
down €13,957 (-23.4%), from €59,637 to €45,680
- Depreciation -€10,373
down €10,373 (-14.0%), from €74,208 to €63,836
- Financial income +€5,738
up €5,738 (+692%), from €829 to €6,567
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 | €734,961 | €993,261 | +€258,299 | +35.1% |
| Fixed assets | 21/28 | €360,893 | €453,004 | +€92,111 | +25.5% |
| Tangible fixed assets | 22/27 | €360,893 | €453,004 | +€92,111 | +25.5% |
| Plant, machinery and equipment | 23 | €239,354 | €441,156 | +€201,802 | +84.3% |
| Furniture and vehicles | 24 | €121,539 | €11,848 | -€109,691 | -90.3% |
| Current assets | 29/58 | €374,069 | €540,257 | +€166,189 | +44.4% |
| Amounts receivable within one year | 40/41 | €191,227 | €314,576 | +€123,348 | +64.5% |
| Trade receivables | 40 | €191,112 | €292,649 | +€101,537 | +53.1% |
| Other amounts receivable | 41 | €116 | €21,927 | +€21,811 | +18,809% |
| Current investments | 50/53 | €75,175 | €1,411 | -€73,764 | -98.1% |
| Cash at bank and in hand | 54/58 | €51,170 | €213,922 | +€162,752 | +318% |
| Deferred charges and accrued income | 490/1 | €56,496 | €10,348 | -€46,148 | -81.7% |
| Total equity and liabilities | 10/49 | €734,961 | €993,261 | +€258,299 | +35.1% |
| Equity | 10/15 | €344,766 | €495,364 | +€150,598 | +43.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €326,216 | €476,814 | +€150,598 | +46.2% |
| Distributable reserves | 133 | €326,216 | €476,814 | +€150,598 | +46.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €390,195 | €497,897 | +€107,702 | +27.6% |
| Amounts payable after more than one year | 17 | €89,185 | €163,133 | +€73,948 | +82.9% |
| Financial debts | 170/4 | €88,465 | €162,783 | +€74,318 | +84.0% |
| Other amounts payable | 178/9 | €720 | €350 | -€370 | -51.4% |
| Amounts payable within one year | 42/48 | €301,010 | €287,441 | -€13,569 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €56,846 | €113,574 | +€56,729 | +99.8% |
| Financial debts | 43 | €353 | €73 | -€280 | -79.4% |
| Credit institutions | 430/8 | €353 | €73 | -€280 | -79.4% |
| Trade debts | 44 | €91,069 | €87,171 | -€3,898 | -4.3% |
| Suppliers | 440/4 | €91,069 | €87,171 | -€3,898 | -4.3% |
| Taxes, remuneration and social security | 45 | €79,241 | €86,623 | +€7,382 | +9.3% |
| Taxes | 450/3 | €69,043 | €72,271 | +€3,228 | +4.7% |
| Remuneration and social security | 454/9 | €10,198 | €14,352 | +€4,154 | +40.7% |
| Other amounts payable | 47/48 | €73,502 | €0 | -€73,502 | -100% |
| Accrued charges and deferred income | 492/3 | - | €47,323 | +€47,323 | |
| Non-recurring operating income | 76A | €1,916 | €0 | -€1,916 | -100% |
| Remuneration, social security and pensions | 62 | €57,616 | €60,526 | +€2,910 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,208 | €63,836 | -€10,373 | -14.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €16,475 | +€16,475 | |
| Other operating charges | 640/8 | €8,931 | €11,787 | +€2,856 | +32.0% |
| Gross operating margin | 9900 | €369,887 | €354,431 | -€15,456 | -4.2% |
| Operating profit (loss) | 9901 | €229,131 | €201,808 | -€27,324 | -11.9% |
| Financial income | 75/76B | €829 | €6,567 | +€5,738 | +692% |
| Recurring financial income | 75 | €829 | €6,567 | +€5,738 | +692% |
| Financial charges | 65/66B | €7,557 | €12,097 | +€4,540 | +60.1% |
| Recurring financial charges | 65 | €7,557 | €12,097 | +€4,540 | +60.1% |
| Profit (loss) for the period before taxes | 9903 | €222,404 | €196,278 | -€26,126 | -11.7% |
| Income taxes | 67/77 | €59,637 | €45,680 | -€13,957 | -23.4% |
| Profit (loss) for the period | 9904 | €162,767 | €150,598 | -€12,169 | -7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €162,767 | €150,598 | -€12,169 | -7.5% |
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 20 October 2026 via checked.be.