STEURBAUT: 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.
STEURBAUT
Largest movements
- Cash -€41,788
down €41,788 (-70.8%), from €59,056 to €17,269
mainly Stocks and contracts (-€36,546) and Investment in fixed assets (net) (-€16,548)
- Stocks and contracts +€36,546
up €36,546 (+28.2%), from €129,411 to €165,957
- Tangible fixed assets -€3,417
down €3,417 (-2.4%), from €142,958 to €139,541
- Debts after one year -€13,818
down €13,818 (-18.2%), from €75,889 to €62,072
- Reserves +€9,368
up €9,368 (+7.9%), from €118,687 to €128,055
of which Distributable reserves: +€9,368
- Other debts -€3,433
down €3,433 (-7.3%), from €47,145 to €43,712
- Gross operating margin -€6,964
down €6,964 (-14.5%), from €48,031 to €41,067
- Taxes -€3,418
down €3,418 (-57.1%), from €5,987 to €2,569
- Financial charges +€1,364
up €1,364 (+20.4%), from €6,683 to €8,047
- Depreciation +€1,196
up €1,196 (+6.4%), from €18,770 to €19,965
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €340,959 | €334,745 | -€6,215 | -1.8% |
| Fixed assets | 21/28 | €143,208 | €139,791 | -€3,417 | -2.4% |
| Tangible fixed assets | 22/27 | €142,958 | €139,541 | -€3,417 | -2.4% |
| Land and buildings | 22 | €126,409 | €125,815 | -€594 | -0.5% |
| Plant, machinery and equipment | 23 | €1,316 | €894 | -€422 | -32.1% |
| Furniture and vehicles | 24 | €14,497 | €12,832 | -€1,665 | -11.5% |
| Other tangible fixed assets | 26 | €737 | €0 | -€737 | -100.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €197,751 | €194,954 | -€2,798 | -1.4% |
| Stocks and contracts in progress | 3 | €129,411 | €165,957 | +€36,546 | +28.2% |
| Stocks | 30/36 | €129,411 | €165,957 | +€36,546 | +28.2% |
| Amounts receivable within one year | 40/41 | €9,283 | €11,728 | +€2,444 | +26.3% |
| Trade receivables | 40 | €9,283 | €11,728 | +€2,444 | +26.3% |
| Cash at bank and in hand | 54/58 | €59,056 | €17,269 | -€41,788 | -70.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €340,959 | €334,745 | -€6,215 | -1.8% |
| Equity | 10/15 | €137,287 | €146,655 | +€9,368 | +6.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €118,687 | €128,055 | +€9,368 | +7.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €9,545 | €9,545 | = | 0.0% |
| Distributable reserves | 133 | €109,142 | €118,510 | +€9,368 | +8.6% |
| Provisions and deferred taxes | 16 | €48,311 | €48,311 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €48,311 | €48,311 | = | 0.0% |
| Pensions and similar obligations | 160 | €48,311 | €48,311 | = | 0.0% |
| Amounts payable | 17/49 | €155,360 | €139,778 | -€15,583 | -10.0% |
| Amounts payable after more than one year | 17 | €75,889 | €62,072 | -€13,818 | -18.2% |
| Financial debts | 170/4 | €75,889 | €62,072 | -€13,818 | -18.2% |
| Amounts payable within one year | 42/48 | €79,026 | €77,241 | -€1,785 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €15,721 | €13,818 | -€1,904 | -12.1% |
| Trade debts | 44 | €1,806 | €3,279 | +€1,473 | +81.6% |
| Suppliers | 440/4 | €1,806 | €3,279 | +€1,473 | +81.6% |
| Taxes, remuneration and social security | 45 | €14,353 | €16,432 | +€2,079 | +14.5% |
| Taxes | 450/3 | €14,353 | €16,432 | +€2,079 | +14.5% |
| Other amounts payable | 47/48 | €47,145 | €43,712 | -€3,433 | -7.3% |
| Accrued charges and deferred income | 492/3 | €445 | €465 | +€20 | +4.5% |
| Non-recurring operating income | 76A | €1,100 | €826 | -€273 | -24.8% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,770 | €19,965 | +€1,196 | +6.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €2,778 | €2,967 | +€189 | +6.8% |
| Non-recurring operating charges | 66A | - | €352 | +€352 | |
| Gross operating margin | 9900 | €48,031 | €41,067 | -€6,964 | -14.5% |
| Operating profit (loss) | 9901 | €26,483 | €17,782 | -€8,701 | -32.9% |
| Financial income | 75/76B | €2,341 | €2,202 | -€139 | -5.9% |
| Recurring financial income | 75 | €2,341 | €2,202 | -€139 | -5.9% |
| Financial charges | 65/66B | €6,683 | €8,047 | +€1,364 | +20.4% |
| Recurring financial charges | 65 | €6,683 | €8,047 | +€1,364 | +20.4% |
| Profit (loss) for the period before taxes | 9903 | €22,141 | €11,937 | -€10,204 | -46.1% |
| Income taxes | 67/77 | €5,987 | €2,569 | -€3,418 | -57.1% |
| Profit (loss) for the period | 9904 | €16,154 | €9,368 | -€6,786 | -42.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,154 | €9,368 | -€6,786 | -42.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.