STEINBACH: 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.
STEINBACH
Largest movements
- Tangible fixed assets -€14,788
down €14,788 (-17.7%), from €83,623 to €68,836
of which Land and buildings: -€13,347
- Cash +€10,018
new in 2025: €10,018
mainly Net result for the year (+€21,130) and Depreciation (+€15,603)
- Receivables within one year -€1,696
down €1,696 (-63.5%), from €2,671 to €975
of which Other amounts receivable: -€1,543
- Debts after one year -€16,250
down €16,250 (-17.6%), from €92,386 to €76,136
- Other debts +€14,801
new in 2025: €14,801
- Tax, wage and social debts -€3,642
down €3,642 (-16.4%), from €22,166 to €18,524
- Accrued charges and deferred income -€1,918
down €1,918 (-65.7%), from €2,918 to €1,000
- Other operating charges -€3,315
down €3,315 (-93.8%), from €3,536 to €221
- Gross operating margin -€1,870
down €1,870 (-3.9%), from €47,849 to €45,979
- Financial charges +€635
up €635 (+29.5%), from €2,156 to €2,791
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 | €141,545 | €135,079 | -€6,466 | -4.6% |
| Fixed assets | 21/28 | €138,873 | €124,086 | -€14,788 | -10.6% |
| Tangible fixed assets | 22/27 | €83,623 | €68,836 | -€14,788 | -17.7% |
| Land and buildings | 22 | €79,557 | €66,210 | -€13,347 | -16.8% |
| Plant, machinery and equipment | 23 | €2,896 | €2,176 | -€720 | -24.9% |
| Furniture and vehicles | 24 | €1,171 | €450 | -€721 | -61.5% |
| Financial fixed assets | 28 | €55,250 | €55,250 | = | 0.0% |
| Current assets | 29/58 | €2,671 | €10,993 | +€8,322 | +311.6% |
| Amounts receivable within one year | 40/41 | €2,671 | €975 | -€1,696 | -63.5% |
| Trade receivables | 40 | €154 | - | -€154 | |
| Other amounts receivable | 41 | €2,518 | €975 | -€1,543 | -61.3% |
| Cash at bank and in hand | 54/58 | - | €10,018 | +€10,018 | |
| Total equity and liabilities | 10/49 | €141,545 | €135,079 | -€6,466 | -4.6% |
| Equity | 10/15 | €8,060 | €8,060 | = | 0.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Share premium | 1100/10 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Amounts payable | 17/49 | €133,485 | €127,019 | -€6,466 | -4.8% |
| Amounts payable after more than one year | 17 | €92,386 | €76,136 | -€16,250 | -17.6% |
| Financial debts | 170/4 | €92,386 | €76,136 | -€16,250 | -17.6% |
| Amounts payable within one year | 42/48 | €38,180 | €49,883 | +€11,703 | +30.7% |
| Current portion of amounts payable after more than one year | 42 | €16,015 | €16,250 | +€236 | +1.5% |
| Trade debts | 44 | - | €309 | +€309 | |
| Suppliers | 440/4 | - | €309 | +€309 | |
| Taxes, remuneration and social security | 45 | €22,166 | €18,524 | -€3,642 | -16.4% |
| Taxes | 450/3 | €22,166 | €18,524 | -€3,642 | -16.4% |
| Other amounts payable | 47/48 | - | €14,801 | +€14,801 | |
| Accrued charges and deferred income | 492/3 | €2,918 | €1,000 | -€1,918 | -65.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,049 | €15,603 | -€446 | -2.8% |
| Other operating charges | 640/8 | €3,536 | €221 | -€3,315 | -93.8% |
| Gross operating margin | 9900 | €47,849 | €45,979 | -€1,870 | -3.9% |
| Operating profit (loss) | 9901 | €28,264 | €30,155 | +€1,891 | +6.7% |
| Financial income | 75/76B | €142 | - | -€142 | |
| Recurring financial income | 75 | €142 | - | -€142 | |
| Financial charges | 65/66B | €2,156 | €2,791 | +€635 | +29.5% |
| Recurring financial charges | 65 | €2,156 | €2,791 | +€635 | +29.5% |
| Profit (loss) for the period before taxes | 9903 | €26,251 | €27,364 | +€1,113 | +4.2% |
| Income taxes | 67/77 | €5,829 | €6,235 | +€405 | +7.0% |
| Profit (loss) for the period | 9904 | €20,422 | €21,130 | +€708 | +3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,422 | €21,130 | +€708 | +3.5% |
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 11 October 2026 via checked.be.