STEYAERT: 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.
STEYAERT
Largest movements
- Tangible fixed assets -€19,322
down €19,322 (-24.0%), from €80,554 to €61,231
of which Furniture and vehicles: -€19,529
- Cash +€11,724
up €11,724 (+35.8%), from €32,710 to €44,434
mainly Depreciation (+€25,047) and Net result for the year (+€13,893)
- Deferred charges and accrued income +€2,164
up €2,164 (+58.8%), from €3,680 to €5,844
- Receivables within one year -€1,859
no longer reported in 2024 (was €1,859)
- Other debts -€19,838
down €19,838 (-66.4%), from €29,875 to €10,037
- Reserves +€13,800
up €13,800 (+39.2%), from €35,203 to €49,003
of which Distributable reserves: +€13,800
- Debts after one year -€11,689
down €11,689 (-45.2%), from €25,868 to €14,179
- Trade debts +€10,213
up €10,213 (+618.3%), from €1,652 to €11,864
- Gross operating margin +€6,319
up €6,319 (+13.7%), from €46,115 to €52,434
- Depreciation +€5,761
up €5,761 (+29.9%), from €19,287 to €25,047
- Other operating charges +€3,173
up €3,173 (+231.8%), from €1,369 to €4,542
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 | €118,827 | €111,534 | -€7,293 | -6.1% |
| Fixed assets | 21/28 | €80,578 | €61,256 | -€19,322 | -24.0% |
| Tangible fixed assets | 22/27 | €80,554 | €61,231 | -€19,322 | -24.0% |
| Plant, machinery and equipment | 23 | €26,687 | €24,048 | -€2,638 | -9.9% |
| Furniture and vehicles | 24 | €53,867 | €34,338 | -€19,529 | -36.3% |
| Other tangible fixed assets | 26 | - | €2,846 | +€2,846 | |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €38,249 | €50,278 | +€12,030 | +31.5% |
| Amounts receivable within one year | 40/41 | €1,859 | - | -€1,859 | |
| Other amounts receivable | 41 | €1,859 | - | -€1,859 | |
| Cash at bank and in hand | 54/58 | €32,710 | €44,434 | +€11,724 | +35.8% |
| Deferred charges and accrued income | 490/1 | €3,680 | €5,844 | +€2,164 | +58.8% |
| Total equity and liabilities | 10/49 | €118,827 | €111,534 | -€7,293 | -6.1% |
| Equity | 10/15 | €41,403 | €55,296 | +€13,893 | +33.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €35,203 | €49,003 | +€13,800 | +39.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €33,343 | €47,143 | +€13,800 | +41.4% |
| Profit (loss) carried forward | 14 | - | €93 | +€93 | |
| Amounts payable | 17/49 | €77,425 | €56,239 | -€21,186 | -27.4% |
| Amounts payable after more than one year | 17 | €25,868 | €14,179 | -€11,689 | -45.2% |
| Financial debts | 170/4 | €25,868 | €14,179 | -€11,689 | -45.2% |
| Amounts payable within one year | 42/48 | €51,556 | €42,060 | -€9,497 | -18.4% |
| Current portion of amounts payable after more than one year | 42 | €12,694 | €11,689 | -€1,005 | -7.9% |
| Trade debts | 44 | €1,652 | €11,864 | +€10,213 | +618.3% |
| Suppliers | 440/4 | €1,652 | €11,864 | +€10,213 | +618.3% |
| Taxes, remuneration and social security | 45 | €7,335 | €8,469 | +€1,134 | +15.5% |
| Taxes | 450/3 | €7,335 | €8,469 | +€1,134 | +15.5% |
| Other amounts payable | 47/48 | €29,875 | €10,037 | -€19,838 | -66.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,287 | €25,047 | +€5,761 | +29.9% |
| Other operating charges | 640/8 | €1,369 | €4,542 | +€3,173 | +231.8% |
| Non-recurring operating charges | 66A | - | €320 | +€320 | |
| Gross operating margin | 9900 | €46,115 | €52,434 | +€6,319 | +13.7% |
| Operating profit (loss) | 9901 | €25,459 | €22,525 | -€2,934 | -11.5% |
| Financial charges | 65/66B | €1,012 | €1,498 | +€486 | +48.1% |
| Recurring financial charges | 65 | €1,012 | €1,498 | +€486 | +48.1% |
| Profit (loss) for the period before taxes | 9903 | €24,447 | €21,027 | -€3,420 | -14.0% |
| Income taxes | 67/77 | €7,335 | €7,134 | -€201 | -2.7% |
| Profit (loss) for the period | 9904 | €17,113 | €13,893 | -€3,219 | -18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,113 | €13,893 | -€3,219 | -18.8% |
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 3 October 2026 via checked.be.