Steinrich: 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.
Steinrich
Largest movements
- Cash +€246,566
up €246,566 (+56.4%), from €437,006 to €683,572
mainly Net result for the year (+€237,094) and Depreciation (+€17,000)
- Tangible fixed assets -€17,000
down €17,000 (-31.0%), from €54,811 to €37,811
- Reserves +€237,094
up €237,094 (+50.4%), from €470,116 to €707,210
- Gross operating margin +€13,719
up €13,719 (+4.3%), from €318,150 to €331,869
- Taxes +€3,746
up €3,746 (+5.4%), from €69,703 to €73,449
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 | €693,341 | €922,776 | +€229,434 | +33.1% |
| Fixed assets | 21/28 | €54,811 | €37,811 | -€17,000 | -31.0% |
| Tangible fixed assets | 22/27 | €54,811 | €37,811 | -€17,000 | -31.0% |
| Furniture and vehicles | 24 | €54,811 | €37,811 | -€17,000 | -31.0% |
| Current assets | 29/58 | €638,530 | €884,964 | +€246,434 | +38.6% |
| Cash at bank and in hand | 54/58 | €437,006 | €683,572 | +€246,566 | +56.4% |
| Deferred charges and accrued income | 490/1 | €201,524 | €201,392 | -€132 | -0.1% |
| Total equity and liabilities | 10/49 | €693,341 | €922,776 | +€229,434 | +33.1% |
| Equity | 10/15 | €475,116 | €712,210 | +€237,094 | +49.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €470,116 | €707,210 | +€237,094 | +50.4% |
| Distributable reserves | 133 | €470,116 | €707,210 | +€237,094 | +50.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €218,225 | €210,566 | -€7,659 | -3.5% |
| Amounts payable within one year | 42/48 | €213,582 | €206,886 | -€6,697 | -3.1% |
| Trade debts | 44 | €126 | €2,435 | +€2,309 | +1832.9% |
| Suppliers | 440/4 | €126 | €2,435 | +€2,309 | +1832.9% |
| Taxes, remuneration and social security | 45 | €160,287 | €158,027 | -€2,260 | -1.4% |
| Taxes | 450/3 | €155,912 | €153,652 | -€2,260 | -1.4% |
| Remuneration and social security | 454/9 | €4,375 | €4,375 | = | 0.0% |
| Other amounts payable | 47/48 | €53,169 | €46,423 | -€6,747 | -12.7% |
| Accrued charges and deferred income | 492/3 | €4,642 | €3,680 | -€962 | -20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,000 | €17,000 | = | 0.0% |
| Other operating charges | 640/8 | €750 | €601 | -€149 | -19.9% |
| Gross operating margin | 9900 | €318,150 | €331,869 | +€13,719 | +4.3% |
| Operating profit (loss) | 9901 | €300,400 | €314,268 | +€13,868 | +4.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €4,686 | €3,725 | -€961 | -20.5% |
| Recurring financial charges | 65 | €4,686 | €3,725 | -€961 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €295,714 | €310,543 | +€14,829 | +5.0% |
| Income taxes | 67/77 | €69,703 | €73,449 | +€3,746 | +5.4% |
| Profit (loss) for the period | 9904 | €226,011 | €237,094 | +€11,083 | +4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €226,011 | €237,094 | +€11,083 | +4.9% |
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 3 October 2026 via checked.be.