STEURBAUT IT: 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.
STEURBAUT IT
Largest movements
- Cash +€95,084
up €95,084 (+374.8%), from €25,368 to €120,452
mainly Net result for the year (+€92,484) and Tax, wage and social debts (+€26,817)
- Deferred charges and accrued income +€22,072
up €22,072 (+8357.1%), from €264 to €22,336
- Receivables within one year +€3,210
up €3,210 (+21.7%), from €14,812 to €18,022
of which Trade receivables: +€3,162
- Tangible fixed assets +€2,927
up €2,927 (+69.0%), from €4,244 to €7,171
of which Furniture and vehicles: +€1,492
- Profit (loss) carried forward +€92,484
up €92,484 (+352.5%), from €26,238 to €118,722
- Tax, wage and social debts +€26,817
up €26,817 (+405.3%), from €6,617 to €33,433
- Other debts +€4,825
up €4,825 (+48.3%), from €10,000 to €14,825
- Gross operating margin +€98,592
up €98,592 (+370.6%), from €26,604 to €125,196
- Taxes +€31,308
new in 2025: €31,308
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 | €44,688 | €167,981 | +€123,293 | +275.9% |
| Fixed assets | 21/28 | €4,244 | €7,171 | +€2,927 | +69.0% |
| Tangible fixed assets | 22/27 | €4,244 | €7,171 | +€2,927 | +69.0% |
| Plant, machinery and equipment | 23 | - | €1,435 | +€1,435 | |
| Furniture and vehicles | 24 | €4,244 | €5,737 | +€1,492 | +35.2% |
| Current assets | 29/58 | €40,444 | €160,810 | +€120,365 | +297.6% |
| Amounts receivable within one year | 40/41 | €14,812 | €18,022 | +€3,210 | +21.7% |
| Trade receivables | 40 | €14,777 | €17,939 | +€3,162 | +21.4% |
| Other amounts receivable | 41 | €35 | €83 | +€48 | +137.0% |
| Cash at bank and in hand | 54/58 | €25,368 | €120,452 | +€95,084 | +374.8% |
| Deferred charges and accrued income | 490/1 | €264 | €22,336 | +€22,072 | +8357.1% |
| Total equity and liabilities | 10/49 | €44,688 | €167,981 | +€123,293 | +275.9% |
| Equity | 10/15 | €27,238 | €119,722 | +€92,484 | +339.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,238 | €118,722 | +€92,484 | +352.5% |
| Amounts payable | 17/49 | €17,450 | €48,259 | +€30,809 | +176.6% |
| Amounts payable within one year | 42/48 | €17,450 | €48,259 | +€30,809 | +176.6% |
| Trade debts | 44 | €833 | - | -€833 | |
| Suppliers | 440/4 | €833 | - | -€833 | |
| Taxes, remuneration and social security | 45 | €6,617 | €33,433 | +€26,817 | +405.3% |
| Taxes | 450/3 | €6,617 | €33,433 | +€26,817 | +405.3% |
| Other amounts payable | 47/48 | €10,000 | €14,825 | +€4,825 | +48.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €313 | €1,331 | +€1,018 | +325.3% |
| Gross operating margin | 9900 | €26,604 | €125,196 | +€98,592 | +370.6% |
| Operating profit (loss) | 9901 | €26,291 | €123,865 | +€97,574 | +371.1% |
| Financial charges | 65/66B | €52 | €73 | +€21 | +39.4% |
| Recurring financial charges | 65 | €52 | €73 | +€21 | +39.4% |
| Profit (loss) for the period before taxes | 9903 | €26,238 | €123,792 | +€97,553 | +371.8% |
| Income taxes | 67/77 | - | €31,308 | +€31,308 | |
| Profit (loss) for the period | 9904 | €26,238 | €92,484 | +€66,245 | +252.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,238 | €92,484 | +€66,245 | +252.5% |
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 9 October 2026 via checked.be.