STEIJVERS: 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.
STEIJVERS
Largest movements
- Cash -€9,728
down €9,728 (-62.7%), from €15,511 to €5,783
mainly Other debts (-€35,758) and Net result for the year (-€7,259)
- Receivables within one year +€1,086
up €1,086 (+16.1%), from €6,740 to €7,826
of which Other amounts receivable: +€1,282
- Tangible fixed assets -€730
down €730 (-9.2%), from €7,944 to €7,213
of which Land and buildings: -€2,104
- Intangible fixed assets -€560
down €560 (-40.1%), from €1,395 to €835
- Other debts -€35,758
no longer reported in 2025 (was €35,758)
- Debts after one year +€20,370
new in 2025: €20,370
- Profit (loss) carried forward -€7,259
down €7,259 (-31.8%), from -€22,838 to -€30,096
- Tax, wage and social debts +€5,400
up €5,400 (+73.5%), from €7,343 to €12,743
of which Taxes: +€7,400
- Current portion of long-term debt +€4,630
new in 2025: €4,630
- Gross operating margin -€34,338
down €34,338, from €31,170 to -€3,168
- Other operating charges -€1,888
down €1,888 (-59.5%), from €3,174 to €1,285
- Financial income +€767
up €767 (+296.5%), from €259 to €1,026
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 | €46,910 | €36,828 | -€10,083 | -21.5% |
| Fixed assets | 21/28 | €9,339 | €8,049 | -€1,290 | -13.8% |
| Intangible fixed assets | 21 | €1,395 | €835 | -€560 | -40.1% |
| Tangible fixed assets | 22/27 | €7,944 | €7,213 | -€730 | -9.2% |
| Land and buildings | 22 | €7,944 | €5,840 | -€2,104 | -26.5% |
| Plant, machinery and equipment | 23 | - | €1,374 | +€1,374 | |
| Current assets | 29/58 | €37,571 | €28,779 | -€8,792 | -23.4% |
| Stocks and contracts in progress | 3 | €15,321 | €14,877 | -€443 | -2.9% |
| Stocks | 30/36 | €15,321 | €14,877 | -€443 | -2.9% |
| Amounts receivable within one year | 40/41 | €6,740 | €7,826 | +€1,086 | +16.1% |
| Trade receivables | 40 | €3,050 | €2,855 | -€195 | -6.4% |
| Other amounts receivable | 41 | €3,690 | €4,972 | +€1,282 | +34.7% |
| Cash at bank and in hand | 54/58 | €15,511 | €5,783 | -€9,728 | -62.7% |
| Deferred charges and accrued income | 490/1 | - | €292 | +€292 | |
| Total equity and liabilities | 10/49 | €46,910 | €36,828 | -€10,083 | -21.5% |
| Equity | 10/15 | -€4,238 | -€11,496 | -€7,259 | -171.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,838 | -€30,096 | -€7,259 | -31.8% |
| Amounts payable | 17/49 | €51,148 | €48,324 | -€2,824 | -5.5% |
| Amounts payable after more than one year | 17 | - | €20,370 | +€20,370 | |
| Financial debts | 170/4 | - | €20,370 | +€20,370 | |
| Amounts payable within one year | 42/48 | €51,148 | €27,094 | -€24,054 | -47.0% |
| Current portion of amounts payable after more than one year | 42 | - | €4,630 | +€4,630 | |
| Financial debts | 43 | €903 | - | -€903 | |
| Credit institutions | 430/8 | €903 | - | -€903 | |
| Trade debts | 44 | €7,144 | €9,722 | +€2,578 | +36.1% |
| Suppliers | 440/4 | €7,144 | €9,722 | +€2,578 | +36.1% |
| Taxes, remuneration and social security | 45 | €7,343 | €12,743 | +€5,400 | +73.5% |
| Taxes | 450/3 | €5,343 | €12,743 | +€7,400 | +138.5% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €35,758 | - | -€35,758 | |
| Accrued charges and deferred income | 492/3 | - | €859 | +€859 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,664 | €2,690 | +€26 | +1.0% |
| Other operating charges | 640/8 | €3,174 | €1,285 | -€1,888 | -59.5% |
| Gross operating margin | 9900 | €31,170 | -€3,168 | -€34,338 | |
| Operating profit (loss) | 9901 | €25,333 | -€7,143 | -€32,476 | |
| Financial income | 75/76B | €259 | €1,026 | +€767 | +296.5% |
| Recurring financial income | 75 | €259 | €1,026 | +€767 | +296.5% |
| Financial charges | 65/66B | €754 | €863 | +€110 | +14.5% |
| Recurring financial charges | 65 | €754 | €863 | +€110 | +14.5% |
| Profit (loss) for the period before taxes | 9903 | €24,838 | -€6,981 | -€31,819 | |
| Income taxes | 67/77 | €454 | €278 | -€176 | -38.7% |
| Profit (loss) for the period | 9904 | €24,385 | -€7,259 | -€31,643 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,385 | -€7,259 | -€31,643 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.