Steurs Construct: what changed
Steurs Construct
Largest movements
- Tangible fixed assets +€78,805
up €78,805 (+410%), from €19,242 to €98,047
of which Furniture and vehicles: +€44,545
- Receivables within one year +€39,505
up €39,505 (+413%), from €9,569 to €49,074
of which Trade receivables: +€40,550
- Cash +€10,007
up €10,007 (+51.0%), from €19,633 to €29,639
mainly Debts after one year (+€79,560) and Trade debts (+€28,745)
- Deferred charges and accrued income +€9,438
up €9,438 (+2,699%), from €350 to €9,788
- Debts after one year +€79,560
new in 2025: €79,560
- Trade debts +€28,745
up €28,745 (+1,140%), from €2,522 to €31,267
- Current portion of long-term debt +€13,047
new in 2025: €13,047
- Reserves +€12,417
up €12,417 (+205%), from €6,059 to €18,476
- Tax, wage and social debts +€6,208
up €6,208 (+193%), from €3,225 to €9,432
of which Remuneration and social security: +€3,347
- Gross operating margin +€51,276
up €51,276 (+243%), from €21,124 to €72,400
- Staff costs +€42,391
new in 2025: €42,391
- Depreciation +€13,452
up €13,452 (+271%), from €4,961 to €18,413
- Financial charges +€2,255
up €2,255 (+897%), from €252 to €2,507
- Taxes -€1,599
down €1,599 (-49.6%), from €3,225 to €1,625
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,793 | €186,549 | +€137,755 | +282% |
| Fixed assets | 21/28 | €19,242 | €98,047 | +€78,805 | +410% |
| Tangible fixed assets | 22/27 | €19,242 | €98,047 | +€78,805 | +410% |
| Plant, machinery and equipment | 23 | €8,063 | €42,323 | +€34,260 | +425% |
| Furniture and vehicles | 24 | €11,179 | €55,724 | +€44,545 | +398% |
| Current assets | 29/58 | €29,552 | €88,502 | +€58,950 | +199% |
| Amounts receivable within one year | 40/41 | €9,569 | €49,074 | +€39,505 | +413% |
| Trade receivables | 40 | €7,796 | €48,346 | +€40,550 | +520% |
| Other amounts receivable | 41 | €1,773 | €728 | -€1,045 | -59.0% |
| Cash at bank and in hand | 54/58 | €19,633 | €29,639 | +€10,007 | +51.0% |
| Deferred charges and accrued income | 490/1 | €350 | €9,788 | +€9,438 | +2,699% |
| Total equity and liabilities | 10/49 | €48,793 | €186,549 | +€137,755 | +282% |
| Equity | 10/15 | €23,476 | €30,512 | +€7,036 | +30.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €6,059 | €18,476 | +€12,417 | +205% |
| Distributable reserves | 133 | €6,059 | €18,476 | +€12,417 | +205% |
| Profit (loss) carried forward | 14 | €12,417 | €7,036 | -€5,381 | -43.3% |
| Amounts payable | 17/49 | €25,317 | €156,037 | +€130,720 | +516% |
| Amounts payable after more than one year | 17 | - | €79,560 | +€79,560 | |
| Financial debts | 170/4 | - | €79,560 | +€79,560 | |
| Amounts payable within one year | 42/48 | €25,317 | €76,478 | +€51,160 | +202% |
| Current portion of amounts payable after more than one year | 42 | - | €13,047 | +€13,047 | |
| Trade debts | 44 | €2,522 | €31,267 | +€28,745 | +1,140% |
| Suppliers | 440/4 | €2,522 | €31,267 | +€28,745 | +1,140% |
| Taxes, remuneration and social security | 45 | €3,225 | €9,432 | +€6,208 | +193% |
| Taxes | 450/3 | €3,225 | €6,085 | +€2,861 | +88.7% |
| Remuneration and social security | 454/9 | - | €3,347 | +€3,347 | |
| Other amounts payable | 47/48 | €19,571 | €22,732 | +€3,161 | +16.2% |
| Remuneration, social security and pensions | 62 | - | €42,391 | +€42,391 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,961 | €18,413 | +€13,452 | +271% |
| Other operating charges | 640/8 | €292 | €749 | +€457 | +157% |
| Gross operating margin | 9900 | €21,124 | €72,400 | +€51,276 | +243% |
| Operating profit (loss) | 9901 | €15,872 | €10,847 | -€5,024 | -31.7% |
| Financial income | 75/76B | €21 | €320 | +€299 | +1,421% |
| Recurring financial income | 75 | €21 | €320 | +€299 | +1,421% |
| Financial charges | 65/66B | €252 | €2,507 | +€2,255 | +897% |
| Recurring financial charges | 65 | €252 | €2,507 | +€2,255 | +897% |
| Profit (loss) for the period before taxes | 9903 | €15,641 | €8,661 | -€6,980 | -44.6% |
| Income taxes | 67/77 | €3,225 | €1,625 | -€1,599 | -49.6% |
| Profit (loss) for the period | 9904 | €12,417 | €7,036 | -€5,381 | -43.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,417 | €7,036 | -€5,381 | -43.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.