STEYAERT BART: what changed
What changed
STEYAERT BART
NACE 46.180, Agents specialised in the wholesale of other particular products
filed annual accounts (NBB)
Net result for the year
€506,018
2024 · €412,638+€93,380
Equity
€2.2m
2024 · €2.0m+€236,487
Cash
€1.4m
2024 · €761,948+€607,642
Balance sheet total
€2.8m
2024 · €2.7m+€129,198
Largest movements
Assets
- Cash +€607,642
up €607,642 (+79.7%), from €761,948 to €1.4m
mainly Net result for the year (+€506,018) and Current investments (+€400,000)
- Current investments -€400,000
no longer reported in 2025 (was €400,000)
- Tangible fixed assets -€76,537
down €76,537 (-5.2%), from €1.5m to €1.4m
of which Land and buildings: -€56,251
Equity and liabilities
- Reserves +€236,487
up €236,487 (+12.0%), from €2.0m to €2.2m
of which Distributable reserves: +€236,487
- Debts after one year -€73,333
down €73,333 (-14.5%), from €506,666 to €433,333
- Tax, wage and social debts -€36,943
down €36,943 (-41.4%), from €89,160 to €52,217
Income statement
- Gross operating margin +€145,162
up €145,162 (+20.9%), from €694,503 to €839,666
- Taxes +€42,996
up €42,996 (+22.0%), from €195,567 to €238,564
- Financial income -€10,569
down €10,569 (-68.9%), from €15,347 to €4,778
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.
Result 2024
€412,638
Gross operating margin
+€145,162
Depreciation
+€3,482
Other operating charges
-€1,654
Financial income
-€10,569
Financial charges
-€45
Taxes
-€42,996
Result 2025
€506,018
raises the resultlowers the result
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.
From operations
+€550,507
Investment
+€400,000
Financing
-€342,865
Cash 2024
€761,948
From operations (derived)
+€550,507
Net result for the year
+€506,018
Depreciation
+€76,537
Receivables within one year
+€2,025
Smaller working-capital items
-€985
Tax, wage and social debts
-€36,943
Other debts
+€3,856
Investment (derived)
+€400,000
Current investments
+€400,000
Financing
-€342,865
Debts after one year
-€73,333
Contributions, distributions and other
-€269,531
Cash 2025
€1.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,658,725 | €2,787,923 | +€129,198 | +4.9% |
| Fixed assets | 21/28 | €1,485,541 | €1,409,004 | -€76,537 | -5.2% |
| Tangible fixed assets | 22/27 | €1,485,541 | €1,409,004 | -€76,537 | -5.2% |
| Land and buildings | 22 | €1,426,323 | €1,370,071 | -€56,251 | -3.9% |
| Furniture and vehicles | 24 | €59,219 | €38,933 | -€20,286 | -34.3% |
| Current assets | 29/58 | €1,173,183 | €1,378,919 | +€205,735 | +17.5% |
| Amounts receivable within one year | 40/41 | €11,235 | €9,210 | -€2,025 | -18.0% |
| Trade receivables | 40 | €4,193 | - | -€4,193 | |
| Other amounts receivable | 41 | €7,042 | €9,210 | +€2,168 | +30.8% |
| Current investments | 50/53 | €400,000 | - | -€400,000 | |
| Cash at bank and in hand | 54/58 | €761,948 | €1,369,591 | +€607,642 | +79.7% |
| Deferred charges and accrued income | 490/1 | - | €117 | +€117 | |
| Total equity and liabilities | 10/49 | €2,658,725 | €2,787,923 | +€129,198 | +4.9% |
| Equity | 10/15 | €1,980,152 | €2,216,639 | +€236,487 | +11.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,967,752 | €2,204,239 | +€236,487 | +12.0% |
| 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 | €1,965,892 | €2,202,379 | +€236,487 | +12.0% |
| Amounts payable | 17/49 | €678,573 | €571,284 | -€107,289 | -15.8% |
| Amounts payable after more than one year | 17 | €506,666 | €433,333 | -€73,333 | -14.5% |
| Financial debts | 170/4 | €506,666 | €433,333 | -€73,333 | -14.5% |
| Amounts payable within one year | 42/48 | €171,907 | €137,951 | -€33,956 | -19.8% |
| Current portion of amounts payable after more than one year | 42 | €73,333 | €73,333 | = | 0.0% |
| Trade debts | 44 | €4,993 | €4,125 | -€868 | -17.4% |
| Suppliers | 440/4 | €4,993 | €4,125 | -€868 | -17.4% |
| Taxes, remuneration and social security | 45 | €89,160 | €52,217 | -€36,943 | -41.4% |
| Taxes | 450/3 | €89,160 | €52,217 | -€36,943 | -41.4% |
| Other amounts payable | 47/48 | €4,420 | €8,276 | +€3,856 | +87.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,019 | €76,537 | -€3,482 | -4.4% |
| Other operating charges | 640/8 | €8,292 | €9,945 | +€1,654 | +19.9% |
| Gross operating margin | 9900 | €694,503 | €839,666 | +€145,162 | +20.9% |
| Operating profit (loss) | 9901 | €606,192 | €753,183 | +€146,991 | +24.2% |
| Financial income | 75/76B | €15,347 | €4,778 | -€10,569 | -68.9% |
| Recurring financial income | 75 | €15,347 | €4,778 | -€10,569 | -68.9% |
| Financial charges | 65/66B | €13,334 | €13,379 | +€45 | +0.3% |
| Recurring financial charges | 65 | €13,334 | €13,379 | +€45 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €608,206 | €744,582 | +€136,376 | +22.4% |
| Income taxes | 67/77 | €195,567 | €238,564 | +€42,996 | +22.0% |
| Profit (loss) for the period | 9904 | €412,638 | €506,018 | +€93,380 | +22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €412,638 | €506,018 | +€93,380 | +22.6% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 6 November 2026 via checked.be.