STEVEN WEEKX: 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.
STEVEN WEEKX
Largest movements
- Current investments +€122,318
up €122,318 (+13.6%), from €898,041 to €1.0m
- Cash +€105,234
up €105,234 (+44.0%), from €238,913 to €344,147
mainly Other debts (+€366,304) and Net result for the year (+€235,632)
- Receivables within one year -€54,596
down €54,596 (-100.0%), from €54,596 to €0
of which Other amounts receivable: -€54,483
- Tangible fixed assets -€44,781
down €44,781 (-18.8%), from €237,981 to €193,200
of which Land and buildings: -€30,463
- Other debts +€366,304
up €366,304 (+120.2%), from €304,805 to €671,109
- Reserves -€241,911
down €241,911 (-21.9%), from €1.1m to €863,963
of which Distributable reserves: -€241,911
- Gross operating margin +€70,645
up €70,645 (+22.2%), from €318,006 to €388,651
- Taxes +€22,609
up €22,609 (+28.2%), from €80,264 to €102,873
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 | €1,471,226 | €1,610,109 | +€138,882 | +9.4% |
| Fixed assets | 21/28 | €240,156 | €195,375 | -€44,781 | -18.6% |
| Tangible fixed assets | 22/27 | €237,981 | €193,200 | -€44,781 | -18.8% |
| Land and buildings | 22 | €196,871 | €166,408 | -€30,463 | -15.5% |
| Furniture and vehicles | 24 | €30,257 | €15,940 | -€14,318 | -47.3% |
| Other tangible fixed assets | 26 | €10,853 | €10,853 | = | 0.0% |
| Financial fixed assets | 28 | €2,175 | €2,175 | = | 0.0% |
| Current assets | 29/58 | €1,231,070 | €1,414,734 | +€183,663 | +14.9% |
| Amounts receivable within one year | 40/41 | €54,596 | €0 | -€54,596 | -100.0% |
| Trade receivables | 40 | €113 | €0 | -€113 | -100.0% |
| Other amounts receivable | 41 | €54,483 | €0 | -€54,483 | -100.0% |
| Current investments | 50/53 | €898,041 | €1,020,359 | +€122,318 | +13.6% |
| Cash at bank and in hand | 54/58 | €238,913 | €344,147 | +€105,234 | +44.0% |
| Deferred charges and accrued income | 490/1 | €39,520 | €50,228 | +€10,708 | +27.1% |
| Total equity and liabilities | 10/49 | €1,471,226 | €1,610,109 | +€138,882 | +9.4% |
| Equity | 10/15 | €1,126,334 | €884,423 | -€241,911 | -21.5% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €1,105,874 | €863,963 | -€241,911 | -21.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,105,874 | €863,963 | -€241,911 | -21.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €344,893 | €725,686 | +€380,793 | +110.4% |
| Amounts payable within one year | 42/48 | €344,893 | €725,686 | +€380,793 | +110.4% |
| Current portion of amounts payable after more than one year | 42 | €34,200 | €34,068 | -€132 | -0.4% |
| Financial debts | 43 | €1,061 | €2,037 | +€975 | +91.9% |
| Credit institutions | 430/8 | €1,061 | €2,037 | +€975 | +91.9% |
| Trade debts | 44 | €4,826 | €6,609 | +€1,782 | +36.9% |
| Suppliers | 440/4 | €4,826 | €6,609 | +€1,782 | +36.9% |
| Taxes, remuneration and social security | 45 | - | €11,863 | +€11,863 | |
| Taxes | 450/3 | - | €11,863 | +€11,863 | |
| Other amounts payable | 47/48 | €304,805 | €671,109 | +€366,304 | +120.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,066 | €44,781 | +€715 | +1.6% |
| Other operating charges | 640/8 | €4,255 | €3,808 | -€446 | -10.5% |
| Gross operating margin | 9900 | €318,006 | €388,651 | +€70,645 | +22.2% |
| Operating profit (loss) | 9901 | €269,685 | €340,061 | +€70,376 | +26.1% |
| Financial income | 75/76B | €270 | €3,367 | +€3,096 | +1146.4% |
| Recurring financial income | 75 | €270 | €3,367 | +€3,096 | +1146.4% |
| Financial charges | 65/66B | €5,071 | €4,923 | -€149 | -2.9% |
| Recurring financial charges | 65 | €5,071 | €4,923 | -€149 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €264,884 | €338,505 | +€73,622 | +27.8% |
| Income taxes | 67/77 | €80,264 | €102,873 | +€22,609 | +28.2% |
| Profit (loss) for the period | 9904 | €184,620 | €235,632 | +€51,012 | +27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €184,620 | €235,632 | +€51,012 | +27.6% |
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 5 October 2026 via checked.be.