STEIGERBOUW: 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.
STEIGERBOUW
Largest movements
- Receivables within one year +€251,786
up €251,786 (+86.3%), from €291,770 to €543,557
of which Trade receivables: +€311,506
- Stocks and contracts +€160,000
new in 2025: €160,000
- Cash -€83,806
down €83,806 (-60.8%), from €137,764 to €53,958
mainly Receivables within one year (-€251,786) and Stocks and contracts (-€160,000)
- Tangible fixed assets +€73,446
up €73,446 (+75.2%), from €97,624 to €171,070
of which Leasing and similar rights: +€68,915
- Deferred charges and accrued income -€19,033
down €19,033 (-72.9%), from €26,120 to €7,087
- Trade debts +€321,882
up €321,882 (+105.1%), from €306,142 to €628,024
- Short-term financial debts +€152,201
up €152,201 (+73466.5%), from €207 to €152,408
- Profit (loss) carried forward -€119,610
down €119,610 (-51.4%), from -€232,583 to -€352,193
- Debts after one year -€41,046
down €41,046 (-37.4%), from €109,830 to €68,784
- Tax, wage and social debts +€30,160
up €30,160 (+77.8%), from €38,779 to €68,939
of which Taxes: +€43,553
- Gross operating margin -€168,497
down €168,497 (-44.0%), from €383,342 to €214,845
- Staff costs -€57,217
down €57,217 (-19.0%), from €301,466 to €244,249
- Depreciation +€15,088
up €15,088 (+29.9%), from €50,489 to €65,577
- Other operating charges -€9,047
down €9,047 (-47.1%), from €19,211 to €10,163
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 | €653,573 | €1,023,541 | +€369,968 | +56.6% |
| Fixed assets | 21/28 | €197,919 | €258,940 | +€61,020 | +30.8% |
| Intangible fixed assets | 21 | €100,295 | €87,870 | -€12,425 | -12.4% |
| Tangible fixed assets | 22/27 | €97,624 | €171,070 | +€73,446 | +75.2% |
| Land and buildings | 22 | €608 | - | -€608 | |
| Plant, machinery and equipment | 23 | €41,582 | €56,878 | +€15,296 | +36.8% |
| Furniture and vehicles | 24 | €30,094 | €17,040 | -€13,054 | -43.4% |
| Leasing and similar rights | 25 | €19,324 | €88,239 | +€68,915 | +356.6% |
| Other tangible fixed assets | 26 | €6,016 | €8,913 | +€2,897 | +48.2% |
| Current assets | 29/58 | €455,653 | €764,601 | +€308,948 | +67.8% |
| Stocks and contracts in progress | 3 | - | €160,000 | +€160,000 | |
| Contracts in progress | 37 | - | €160,000 | +€160,000 | |
| Amounts receivable within one year | 40/41 | €291,770 | €543,557 | +€251,786 | +86.3% |
| Trade receivables | 40 | €192,445 | €503,951 | +€311,506 | +161.9% |
| Other amounts receivable | 41 | €99,326 | €39,606 | -€59,720 | -60.1% |
| Cash at bank and in hand | 54/58 | €137,764 | €53,958 | -€83,806 | -60.8% |
| Deferred charges and accrued income | 490/1 | €26,120 | €7,087 | -€19,033 | -72.9% |
| Total equity and liabilities | 10/49 | €653,573 | €1,023,541 | +€369,968 | +56.6% |
| Equity | 10/15 | €67,417 | -€52,193 | -€119,610 | |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€232,583 | -€352,193 | -€119,610 | -51.4% |
| Amounts payable | 17/49 | €586,156 | €1,075,734 | +€489,578 | +83.5% |
| Amounts payable after more than one year | 17 | €109,830 | €68,784 | -€41,046 | -37.4% |
| Financial debts | 170/4 | €109,830 | €68,784 | -€41,046 | -37.4% |
| Amounts payable within one year | 42/48 | €476,326 | €1,006,950 | +€530,624 | +111.4% |
| Current portion of amounts payable after more than one year | 42 | €13,069 | €16,843 | +€3,774 | +28.9% |
| Financial debts | 43 | €207 | €152,408 | +€152,201 | +73466.5% |
| Credit institutions | 430/8 | €207 | €152,408 | +€152,201 | +73466.5% |
| Trade debts | 44 | €306,142 | €628,024 | +€321,882 | +105.1% |
| Suppliers | 440/4 | €306,142 | €628,024 | +€321,882 | +105.1% |
| Taxes, remuneration and social security | 45 | €38,779 | €68,939 | +€30,160 | +77.8% |
| Taxes | 450/3 | €25,386 | €68,939 | +€43,553 | +171.6% |
| Remuneration and social security | 454/9 | €13,393 | - | -€13,393 | |
| Other amounts payable | 47/48 | €118,129 | €140,736 | +€22,607 | +19.1% |
| Non-recurring operating income | 76A | - | €7,524 | +€7,524 | |
| Remuneration, social security and pensions | 62 | €301,466 | €244,249 | -€57,217 | -19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,489 | €65,577 | +€15,088 | +29.9% |
| Other operating charges | 640/8 | €19,211 | €10,163 | -€9,047 | -47.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €383,342 | €214,845 | -€168,497 | -44.0% |
| Operating profit (loss) | 9901 | €12,176 | -€105,145 | -€117,320 | |
| Financial income | 75/76B | €3,235 | €339 | -€2,896 | -89.5% |
| Recurring financial income | 75 | €3,235 | €339 | -€2,896 | -89.5% |
| Financial charges | 65/66B | €14,487 | €14,804 | +€317 | +2.2% |
| Recurring financial charges | 65 | €14,487 | €14,804 | +€317 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €923 | -€119,610 | -€120,533 | |
| Income taxes | 67/77 | €140 | - | -€140 | |
| Profit (loss) for the period | 9904 | €783 | -€119,610 | -€120,393 | |
| Profit (loss) for the period to be appropriated | 9905 | €783 | -€119,610 | -€120,393 |
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 12 October 2026 via checked.be.