STEUFIMA: 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.
STEUFIMA
Largest movements
- Current investments +€30,000
up €30,000 (+60.0%), from €50,000 to €80,000
- Tangible fixed assets +€14,755
up €14,755 (+40.7%), from €36,215 to €50,970
of which Plant, machinery and equipment: +€18,113
- Cash -€12,204
down €12,204 (-36.2%), from €33,730 to €21,526
mainly Current investments (-€30,000) and Investment in fixed assets (net) (-€24,372)
- Receivables within one year +€2,327
up €2,327 (+21.5%), from €10,806 to €13,132
of which Other amounts receivable: +€4,673
- Reserves +€26,951
up €26,951 (+24.0%), from €112,267 to €139,218
- Current portion of long-term debt +€15,000
new in 2025: €15,000
- Trade debts -€6,064
down €6,064 (-85.0%), from €7,135 to €1,072
- Depreciation +€2,988
up €2,988 (+45.1%), from €6,630 to €9,617
- Gross operating margin +€2,457
up €2,457 (+5.0%), from €48,764 to €51,221
- Taxes -€726
down €726 (-5.8%), from €12,605 to €11,879
- Other operating charges +€632
up €632 (+25.2%), from €2,506 to €3,137
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 | €136,062 | €170,632 | +€34,569 | +25.4% |
| Fixed assets | 21/28 | €38,215 | €52,970 | +€14,755 | +38.6% |
| Tangible fixed assets | 22/27 | €36,215 | €50,970 | +€14,755 | +40.7% |
| Land and buildings | 22 | €919 | €530 | -€389 | -42.3% |
| Plant, machinery and equipment | 23 | €6,508 | €24,622 | +€18,113 | +278.3% |
| Furniture and vehicles | 24 | €5,805 | €5,841 | +€36 | +0.6% |
| Other tangible fixed assets | 26 | €22,983 | €19,978 | -€3,005 | -13.1% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €97,848 | €117,662 | +€19,814 | +20.2% |
| Stocks and contracts in progress | 3 | €2,772 | €2,443 | -€328 | -11.9% |
| Stocks | 30/36 | €2,772 | €2,443 | -€328 | -11.9% |
| Amounts receivable within one year | 40/41 | €10,806 | €13,132 | +€2,327 | +21.5% |
| Trade receivables | 40 | €2,370 | €24 | -€2,346 | -99.0% |
| Other amounts receivable | 41 | €8,436 | €13,109 | +€4,673 | +55.4% |
| Current investments | 50/53 | €50,000 | €80,000 | +€30,000 | +60.0% |
| Cash at bank and in hand | 54/58 | €33,730 | €21,526 | -€12,204 | -36.2% |
| Deferred charges and accrued income | 490/1 | €541 | €561 | +€20 | +3.7% |
| Total equity and liabilities | 10/49 | €136,062 | €170,632 | +€34,569 | +25.4% |
| Equity | 10/15 | €124,267 | €151,218 | +€26,951 | +21.7% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €112,267 | €139,218 | +€26,951 | +24.0% |
| Distributable reserves | 133 | €112,267 | €139,218 | +€26,951 | +24.0% |
| Amounts payable | 17/49 | €11,795 | €19,414 | +€7,619 | +64.6% |
| Amounts payable within one year | 42/48 | €10,415 | €17,979 | +€7,564 | +72.6% |
| Current portion of amounts payable after more than one year | 42 | - | €15,000 | +€15,000 | |
| Trade debts | 44 | €7,135 | €1,072 | -€6,064 | -85.0% |
| Suppliers | 440/4 | €7,135 | €1,072 | -€6,064 | -85.0% |
| Taxes, remuneration and social security | 45 | €3,111 | €1,716 | -€1,395 | -44.8% |
| Taxes | 450/3 | €1,811 | €1,416 | -€395 | -21.8% |
| Remuneration and social security | 454/9 | €1,300 | €300 | -€1,000 | -76.9% |
| Other amounts payable | 47/48 | €168 | €191 | +€23 | +13.4% |
| Accrued charges and deferred income | 492/3 | €1,380 | €1,435 | +€55 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,630 | €9,617 | +€2,988 | +45.1% |
| Other operating charges | 640/8 | €2,506 | €3,137 | +€632 | +25.2% |
| Gross operating margin | 9900 | €48,764 | €51,221 | +€2,457 | +5.0% |
| Operating profit (loss) | 9901 | €39,628 | €38,466 | -€1,162 | -2.9% |
| Financial income | 75/76B | €861 | €693 | -€167 | -19.4% |
| Recurring financial income | 75 | €861 | €693 | -€167 | -19.4% |
| Financial charges | 65/66B | €653 | €330 | -€323 | -49.5% |
| Recurring financial charges | 65 | €653 | €330 | -€323 | -49.5% |
| Profit (loss) for the period before taxes | 9903 | €39,836 | €38,830 | -€1,006 | -2.5% |
| Income taxes | 67/77 | €12,605 | €11,879 | -€726 | -5.8% |
| Profit (loss) for the period | 9904 | €27,231 | €26,951 | -€280 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,231 | €26,951 | -€280 | -1.0% |
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 29 September 2026 via checked.be.