STEIGERWERK: 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.
STEIGERWERK
Largest movements
- Tangible fixed assets +€269,676
up €269,676 (+33.1%), from €815,522 to €1.1m
of which Plant, machinery and equipment: +€214,421
- Receivables within one year +€30,985
up €30,985 (+46.2%), from €67,079 to €98,064
of which Trade receivables: +€30,363
- Cash -€30,507
down €30,507 (-78.4%), from €38,928 to €8,421
mainly Investment in fixed assets (net) (-€406,551) and Receivables within one year (-€30,985)
- Debts after one year +€110,336
up €110,336 (+24.7%), from €446,071 to €556,408
of which Financial debts: +€159,430
- Reserves +€100,551
up €100,551 (+38.5%), from €261,353 to €361,903
of which Distributable reserves: +€100,551
- Current portion of long-term debt +€64,006
up €64,006 (+49.9%), from €128,315 to €192,321
- Trade debts -€24,964
down €24,964 (-58.4%), from €42,781 to €17,818
- Staff costs +€189,473
up €189,473 (+96.1%), from €197,078 to €386,551
- Gross operating margin +€154,659
up €154,659 (+28.2%), from €549,211 to €703,869
- Taxes -€25,134
down €25,134 (-44.0%), from €57,069 to €31,936
- Depreciation +€17,469
up €17,469 (+14.0%), from €124,406 to €141,875
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 | €963,217 | €1,218,097 | +€254,881 | +26.5% |
| Fixed assets | 21/28 | €826,399 | €1,091,075 | +€264,676 | +32.0% |
| Intangible fixed assets | 21 | €10,877 | €5,877 | -€5,000 | -46.0% |
| Tangible fixed assets | 22/27 | €815,522 | €1,085,198 | +€269,676 | +33.1% |
| Plant, machinery and equipment | 23 | €734,364 | €948,785 | +€214,421 | +29.2% |
| Furniture and vehicles | 24 | €54,664 | €77,700 | +€23,036 | +42.1% |
| Other tangible fixed assets | 26 | €26,494 | €58,714 | +€32,219 | +122% |
| Current assets | 29/58 | €136,818 | €127,022 | -€9,796 | -7.2% |
| Amounts receivable within one year | 40/41 | €67,079 | €98,064 | +€30,985 | +46.2% |
| Trade receivables | 40 | €54,611 | €84,974 | +€30,363 | +55.6% |
| Other amounts receivable | 41 | €12,468 | €13,090 | +€622 | +5.0% |
| Current investments | 50/53 | €11,167 | €11,167 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €38,928 | €8,421 | -€30,507 | -78.4% |
| Deferred charges and accrued income | 490/1 | €19,644 | €9,371 | -€10,273 | -52.3% |
| Total equity and liabilities | 10/49 | €963,217 | €1,218,097 | +€254,881 | +26.5% |
| Equity | 10/15 | €266,353 | €366,903 | +€100,551 | +37.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €261,353 | €361,903 | +€100,551 | +38.5% |
| Non-distributable reserves | 130/1 | €2,948 | €2,948 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,948 | €2,948 | = | 0.0% |
| Distributable reserves | 133 | €258,404 | €358,955 | +€100,551 | +38.9% |
| Amounts payable | 17/49 | €696,864 | €851,194 | +€154,330 | +22.1% |
| Amounts payable after more than one year | 17 | €446,071 | €556,408 | +€110,336 | +24.7% |
| Financial debts | 170/4 | €375,961 | €535,391 | +€159,430 | +42.4% |
| Other amounts payable | 178/9 | €70,110 | €21,016 | -€49,094 | -70.0% |
| Amounts payable within one year | 42/48 | €238,733 | €273,275 | +€34,542 | +14.5% |
| Current portion of amounts payable after more than one year | 42 | €128,315 | €192,321 | +€64,006 | +49.9% |
| Financial debts | 43 | €30,884 | €24,986 | -€5,897 | -19.1% |
| Credit institutions | 430/8 | €30,884 | €24,986 | -€5,897 | -19.1% |
| Trade debts | 44 | €42,781 | €17,818 | -€24,964 | -58.4% |
| Suppliers | 440/4 | €42,781 | €17,818 | -€24,964 | -58.4% |
| Taxes, remuneration and social security | 45 | €35,293 | €38,150 | +€2,857 | +8.1% |
| Taxes | 450/3 | €28,120 | €31,580 | +€3,460 | +12.3% |
| Remuneration and social security | 454/9 | €7,172 | €6,569 | -€603 | -8.4% |
| Other amounts payable | 47/48 | €1,460 | - | -€1,460 | |
| Accrued charges and deferred income | 492/3 | €12,060 | €21,511 | +€9,452 | +78.4% |
| Non-recurring operating income | 76A | €258 | €2,375 | +€2,117 | +821% |
| Remuneration, social security and pensions | 62 | €197,078 | €386,551 | +€189,473 | +96.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,406 | €141,875 | +€17,469 | +14.0% |
| Other operating charges | 640/8 | €21,271 | €17,933 | -€3,338 | -15.7% |
| Non-recurring operating charges | 66A | - | €1,792 | +€1,792 | |
| Gross operating margin | 9900 | €549,211 | €703,869 | +€154,659 | +28.2% |
| Operating profit (loss) | 9901 | €206,456 | €155,719 | -€50,737 | -24.6% |
| Financial income | 75/76B | €226 | €68 | -€158 | -70.0% |
| Recurring financial income | 75 | €226 | €68 | -€158 | -70.0% |
| Financial charges | 65/66B | €23,109 | €23,300 | +€191 | +0.8% |
| Recurring financial charges | 65 | €23,109 | €23,300 | +€191 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €183,572 | €132,487 | -€51,085 | -27.8% |
| Income taxes | 67/77 | €57,069 | €31,936 | -€25,134 | -44.0% |
| Profit (loss) for the period | 9904 | €126,503 | €100,551 | -€25,952 | -20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €126,503 | €100,551 | -€25,952 | -20.5% |
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 19 October 2026 via checked.be.