Steng: 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.
Steng
Largest movements
- Cash +€58,525
up €58,525 (+290%), from €20,184 to €78,709
mainly Debts after one year (+€112,573) and Net result for the year (+€44,631)
- Intangible fixed assets +€42,484
up €42,484 (+320%), from €13,289 to €55,773
- Stocks and contracts +€27,792
up €27,792 (+13,277%), from €209 to €28,002
- Tangible fixed assets +€26,168
up €26,168 (+209%), from €12,522 to €38,690
of which Plant, machinery and equipment: +€26,992
- Receivables within one year +€19,055
up €19,055 (+745%), from €2,556 to €21,612
of which Other amounts receivable: +€19,678
- Debts after one year +€112,573
new in 2025: €112,573
- Reserves +€44,631
up €44,631 (+160%), from €27,974 to €72,605
- Current portion of long-term debt +€29,413
new in 2025: €29,413
- Tax, wage and social debts -€7,747
down €7,747 (-82.1%), from €9,435 to €1,688
of which Taxes: -€7,747
- Other debts -€3,637
down €3,637 (-97.1%), from €3,744 to €107
- Gross operating margin +€24,069
up €24,069 (+53.9%), from €44,639 to €68,708
- Taxes +€3,359
up €3,359 (+41.0%), from €8,197 to €11,557
- Depreciation +€2,943
up €2,943 (+44.4%), from €6,625 to €9,568
- Financial charges +€2,368
up €2,368 (+333%), from €711 to €3,079
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 | €50,611 | €225,046 | +€174,435 | +345% |
| Fixed assets | 21/28 | €25,811 | €94,463 | +€68,652 | +266% |
| Intangible fixed assets | 21 | €13,289 | €55,773 | +€42,484 | +320% |
| Tangible fixed assets | 22/27 | €12,522 | €38,690 | +€26,168 | +209% |
| Plant, machinery and equipment | 23 | €4,490 | €31,482 | +€26,992 | +601% |
| Other tangible fixed assets | 26 | €8,033 | €7,208 | -€824 | -10.3% |
| Current assets | 29/58 | €24,800 | €130,582 | +€105,783 | +427% |
| Stocks and contracts in progress | 3 | €209 | €28,002 | +€27,792 | +13,277% |
| Stocks | 30/36 | €209 | €28,002 | +€27,792 | +13,277% |
| Amounts receivable within one year | 40/41 | €2,556 | €21,612 | +€19,055 | +745% |
| Trade receivables | 40 | €630 | €8 | -€622 | -98.7% |
| Other amounts receivable | 41 | €1,926 | €21,604 | +€19,678 | +1,022% |
| Cash at bank and in hand | 54/58 | €20,184 | €78,709 | +€58,525 | +290% |
| Deferred charges and accrued income | 490/1 | €1,850 | €2,260 | +€410 | +22.2% |
| Total equity and liabilities | 10/49 | €50,611 | €225,046 | +€174,435 | +345% |
| Equity | 10/15 | €30,974 | €75,605 | +€44,631 | +144% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €27,974 | €72,605 | +€44,631 | +160% |
| Distributable reserves | 133 | €27,974 | €72,605 | +€44,631 | +160% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €19,637 | €149,440 | +€129,803 | +661% |
| Amounts payable after more than one year | 17 | - | €112,573 | +€112,573 | |
| Financial debts | 170/4 | - | €112,573 | +€112,573 | |
| Amounts payable within one year | 42/48 | €18,982 | €36,835 | +€17,854 | +94.1% |
| Current portion of amounts payable after more than one year | 42 | - | €29,413 | +€29,413 | |
| Financial debts | 43 | €1,632 | €1,435 | -€197 | -12.1% |
| Credit institutions | 430/8 | €1,632 | €1,435 | -€197 | -12.1% |
| Trade debts | 44 | €4,171 | €4,193 | +€22 | +0.5% |
| Suppliers | 440/4 | €4,171 | €4,193 | +€22 | +0.5% |
| Taxes, remuneration and social security | 45 | €9,435 | €1,688 | -€7,747 | -82.1% |
| Taxes | 450/3 | €7,747 | €0 | -€7,747 | -100% |
| Remuneration and social security | 454/9 | €1,688 | €1,688 | = | 0.0% |
| Other amounts payable | 47/48 | €3,744 | €107 | -€3,637 | -97.1% |
| Accrued charges and deferred income | 492/3 | €655 | €33 | -€623 | -95.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,625 | €9,568 | +€2,943 | +44.4% |
| Other operating charges | 640/8 | €292 | €200 | -€92 | -31.6% |
| Gross operating margin | 9900 | €44,639 | €68,708 | +€24,069 | +53.9% |
| Operating profit (loss) | 9901 | €37,722 | €58,940 | +€21,218 | +56.2% |
| Financial income | 75/76B | €20 | €327 | +€308 | +1,576% |
| Recurring financial income | 75 | €20 | €327 | +€308 | +1,576% |
| Financial charges | 65/66B | €711 | €3,079 | +€2,368 | +333% |
| Recurring financial charges | 65 | €711 | €3,079 | +€2,368 | +333% |
| Profit (loss) for the period before taxes | 9903 | €37,030 | €56,188 | +€19,158 | +51.7% |
| Income taxes | 67/77 | €8,197 | €11,557 | +€3,359 | +41.0% |
| Profit (loss) for the period | 9904 | €28,833 | €44,631 | +€15,799 | +54.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,833 | €44,631 | +€15,799 | +54.8% |
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 22 October 2026 via checked.be.