Steisaren: 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.
Steisaren
Largest movements
- Cash -€116,957
down €116,957 (-72.4%), from €161,466 to €44,509
mainly Debts after one year (-€168,262) and Investment in fixed assets (net) (-€89,974)
- Deferred charges and accrued income -€44,212
down €44,212 (-100%), from €44,212 to €0
- Current investments +€35,174
up €35,174 (+5.8%), from €606,221 to €641,395
- Debts after one year -€168,262
down €168,262 (-24.6%), from €683,463 to €515,201
of which Financial debts: -€168,262
- Other debts +€68,681
up €68,681 (+7.6%), from €903,154 to €971,835
- Gross operating margin -€35,001
down €35,001 (-22.3%), from €157,021 to €122,019
- Financial income +€26,095
up €26,095 (+251%), from €10,379 to €36,474
- Financial charges +€19,657
up €19,657 (+43.2%), from €45,541 to €65,198
- Depreciation +€6,821
up €6,821 (+10.2%), from €67,039 to €73,860
- Other operating charges -€5,673
down €5,673 (-33.8%), from €16,781 to €11,107
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 | €2,622,519 | €2,525,340 | -€97,179 | -3.7% |
| Fixed assets | 21/28 | €1,796,383 | €1,812,497 | +€16,114 | +0.9% |
| Tangible fixed assets | 22/27 | €756,532 | €772,646 | +€16,114 | +2.1% |
| Land and buildings | 22 | €700,212 | €734,432 | +€34,220 | +4.9% |
| Plant, machinery and equipment | 23 | €33,110 | €29,530 | -€3,580 | -10.8% |
| Furniture and vehicles | 24 | €23,210 | €8,684 | -€14,526 | -62.6% |
| Financial fixed assets | 28 | €1,039,851 | €1,039,851 | = | 0.0% |
| Current assets | 29/58 | €826,136 | €712,843 | -€113,293 | -13.7% |
| Amounts receivable within one year | 40/41 | €14,237 | €26,939 | +€12,702 | +89.2% |
| Trade receivables | 40 | €10,165 | €17,371 | +€7,205 | +70.9% |
| Other amounts receivable | 41 | €4,071 | €9,568 | +€5,497 | +135% |
| Current investments | 50/53 | €606,221 | €641,395 | +€35,174 | +5.8% |
| Cash at bank and in hand | 54/58 | €161,466 | €44,509 | -€116,957 | -72.4% |
| Deferred charges and accrued income | 490/1 | €44,212 | €0 | -€44,212 | -100% |
| Total equity and liabilities | 10/49 | €2,622,519 | €2,525,340 | -€97,179 | -3.7% |
| Equity | 10/15 | €839,306 | €840,506 | +€1,200 | +0.1% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Reserves | 13 | €489,306 | €490,506 | +€1,200 | +0.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €171,705 | €156,284 | -€15,420 | -9.0% |
| Distributable reserves | 133 | €317,601 | €334,222 | +€16,621 | +5.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €80,439 | €75,299 | -€5,140 | -6.4% |
| Deferred taxes | 168 | €80,439 | €75,299 | -€5,140 | -6.4% |
| Amounts payable | 17/49 | €1,702,774 | €1,609,534 | -€93,239 | -5.5% |
| Amounts payable after more than one year | 17 | €683,463 | €515,201 | -€168,262 | -24.6% |
| Financial debts | 170/4 | €682,063 | €513,801 | -€168,262 | -24.7% |
| Other amounts payable | 178/9 | €1,400 | €1,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €979,834 | €1,057,744 | +€77,910 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €67,904 | €68,423 | +€519 | +0.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,264 | €2,311 | +€1,047 | +82.9% |
| Suppliers | 440/4 | €1,264 | €2,311 | +€1,047 | +82.9% |
| Taxes, remuneration and social security | 45 | €7,512 | €15,175 | +€7,663 | +102% |
| Taxes | 450/3 | €7,512 | €15,175 | +€7,663 | +102% |
| Other amounts payable | 47/48 | €903,154 | €971,835 | +€68,681 | +7.6% |
| Accrued charges and deferred income | 492/3 | €39,477 | €36,590 | -€2,887 | -7.3% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,039 | €73,860 | +€6,821 | +10.2% |
| Other operating charges | 640/8 | €16,781 | €11,107 | -€5,673 | -33.8% |
| Gross operating margin | 9900 | €157,021 | €122,019 | -€35,001 | -22.3% |
| Operating profit (loss) | 9901 | €73,201 | €37,052 | -€36,149 | -49.4% |
| Financial income | 75/76B | €10,379 | €36,474 | +€26,095 | +251% |
| Recurring financial income | 75 | €10,379 | €36,474 | +€26,095 | +251% |
| Financial charges | 65/66B | €45,541 | €65,198 | +€19,657 | +43.2% |
| Recurring financial charges | 65 | €45,541 | €65,198 | +€19,657 | +43.2% |
| Profit (loss) for the period before taxes | 9903 | €38,039 | €8,328 | -€29,711 | -78.1% |
| Transfer from deferred taxes | 780 | €5,140 | €5,140 | = | 0.0% |
| Income taxes | 67/77 | €11,370 | €12,268 | +€898 | +7.9% |
| Profit (loss) for the period | 9904 | €31,810 | €1,200 | -€30,610 | -96.2% |
| Transfer from tax-exempt reserves | 789 | €15,420 | €15,420 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €47,230 | €16,621 | -€30,610 | -64.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.