STEYAERT E.: 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 E.
Largest movements
- Tangible fixed assets -€2,643
down €2,643 (-4.1%), from €63,713 to €61,070
- Cash -€1,467
down €1,467 (-85.0%), from €1,726 to €259
mainly Other debts (-€12,608)
- Other debts -€12,608
down €12,608 (-52.5%), from €24,030 to €11,422
- Reserves +€7,194
up €7,194 (+36.1%), from €19,922 to €27,116
- Tax, wage and social debts +€903
up €903 (+2079.7%), from €43 to €947
- Other operating charges -€3,559
down €3,559 (-94.5%), from €3,765 to €206
- Taxes +€1,273
up €1,273 (+58.6%), from €2,174 to €3,447
- Gross operating margin +€1,149
up €1,149 (+9.3%), from €12,371 to €13,520
- Depreciation +€898
up €898 (+51.4%), from €1,746 to €2,643
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 | €73,665 | €69,155 | -€4,510 | -6.1% |
| Fixed assets | 21/28 | €63,713 | €61,070 | -€2,643 | -4.1% |
| Tangible fixed assets | 22/27 | €63,713 | €61,070 | -€2,643 | -4.1% |
| Land and buildings | 22 | €63,713 | €61,070 | -€2,643 | -4.1% |
| Current assets | 29/58 | €9,952 | €8,085 | -€1,867 | -18.8% |
| Amounts receivable within one year | 40/41 | €8,226 | €7,826 | -€400 | -4.9% |
| Trade receivables | 40 | €400 | - | -€400 | |
| Other amounts receivable | 41 | €7,826 | €7,826 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,726 | €259 | -€1,467 | -85.0% |
| Total equity and liabilities | 10/49 | €73,665 | €69,155 | -€4,510 | -6.1% |
| Equity | 10/15 | €49,592 | €56,786 | +€7,194 | +14.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €19,922 | €27,116 | +€7,194 | +36.1% |
| Distributable reserves | 133 | €19,922 | €27,116 | +€7,194 | +36.1% |
| Profit (loss) carried forward | 14 | €11,120 | €11,120 | = | 0.0% |
| Amounts payable | 17/49 | €24,073 | €12,369 | -€11,705 | -48.6% |
| Amounts payable within one year | 42/48 | €24,073 | €12,369 | -€11,705 | -48.6% |
| Taxes, remuneration and social security | 45 | €43 | €947 | +€903 | +2079.7% |
| Taxes | 450/3 | €43 | €947 | +€903 | +2079.7% |
| Other amounts payable | 47/48 | €24,030 | €11,422 | -€12,608 | -52.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,746 | €2,643 | +€898 | +51.4% |
| Other operating charges | 640/8 | €3,765 | €206 | -€3,559 | -94.5% |
| Gross operating margin | 9900 | €12,371 | €13,520 | +€1,149 | +9.3% |
| Operating profit (loss) | 9901 | €6,861 | €10,671 | +€3,810 | +55.5% |
| Financial charges | 65/66B | €29 | €30 | +€2 | +5.3% |
| Recurring financial charges | 65 | €29 | €30 | +€2 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €6,832 | €10,641 | +€3,809 | +55.7% |
| Income taxes | 67/77 | €2,174 | €3,447 | +€1,273 | +58.6% |
| Profit (loss) for the period | 9904 | €4,658 | €7,194 | +€2,536 | +54.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,658 | €7,194 | +€2,536 | +54.4% |
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 29 September 2026 via checked.be.