STEYAERT - GUY: 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 - GUY
Largest movements
- Cash +€88,656
up €88,656 (+149.0%), from €59,505 to €148,161
mainly Net result for the year (+€97,551) and Receivables within one year (+€47,013)
- Tangible fixed assets +€49,627
up €49,627 (+253.6%), from €19,568 to €69,195
of which Furniture and vehicles: +€49,791
- Receivables within one year -€47,013
down €47,013 (-68.6%), from €68,576 to €21,563
of which Other amounts receivable: -€47,013
- Reserves +€99,259
up €99,259 (+23.3%), from €425,615 to €524,874
- Tax, wage and social debts -€8,676
down €8,676 (-96.5%), from €8,991 to €315
- Gross operating margin +€44,006
up €44,006 (+40.3%), from €109,168 to €153,174
- Taxes +€11,949
up €11,949 (+38.0%), from €31,416 to €43,364
- Other operating charges +€5,040
up €5,040 (+85.8%), from €5,877 to €10,918
- Financial charges -€2,829
down €2,829 (-273.1%), from -€1,036 to -€3,865
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 | €471,445 | €562,779 | +€91,335 | +19.4% |
| Fixed assets | 21/28 | €19,568 | €69,195 | +€49,627 | +253.6% |
| Tangible fixed assets | 22/27 | €19,568 | €69,195 | +€49,627 | +253.6% |
| Land and buildings | 22 | €16,141 | €15,977 | -€164 | -1.0% |
| Furniture and vehicles | 24 | €3,427 | €53,218 | +€49,791 | +1452.9% |
| Current assets | 29/58 | €451,877 | €493,585 | +€41,708 | +9.2% |
| Amounts receivable within one year | 40/41 | €68,576 | €21,563 | -€47,013 | -68.6% |
| Trade receivables | 40 | €1,500 | €1,500 | = | 0.0% |
| Other amounts receivable | 41 | €67,076 | €20,063 | -€47,013 | -70.1% |
| Current investments | 50/53 | €316,816 | €322,424 | +€5,607 | +1.8% |
| Cash at bank and in hand | 54/58 | €59,505 | €148,161 | +€88,656 | +149.0% |
| Deferred charges and accrued income | 490/1 | €6,980 | €1,437 | -€5,543 | -79.4% |
| Total equity and liabilities | 10/49 | €471,445 | €562,779 | +€91,335 | +19.4% |
| Equity | 10/15 | €445,915 | €543,466 | +€97,551 | +21.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €425,615 | €524,874 | +€99,259 | +23.3% |
| Distributable reserves | 133 | €425,615 | €524,874 | +€99,259 | +23.3% |
| Profit (loss) carried forward | 14 | €1,708 | €0 | -€1,708 | -100.0% |
| Amounts payable | 17/49 | €25,530 | €19,313 | -€6,216 | -24.3% |
| Amounts payable within one year | 42/48 | €25,530 | €18,959 | -€6,570 | -25.7% |
| Trade debts | 44 | €1,906 | €1,051 | -€855 | -44.8% |
| Suppliers | 440/4 | €1,906 | €1,051 | -€855 | -44.8% |
| Taxes, remuneration and social security | 45 | €8,991 | €315 | -€8,676 | -96.5% |
| Taxes | 450/3 | €8,991 | €315 | -€8,676 | -96.5% |
| Other amounts payable | 47/48 | €14,632 | €17,593 | +€2,961 | +20.2% |
| Accrued charges and deferred income | 492/3 | €0 | €354 | +€354 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,713 | €7,133 | +€1,420 | +24.9% |
| Other operating charges | 640/8 | €5,877 | €10,918 | +€5,040 | +85.8% |
| Non-recurring operating charges | 66A | - | €164 | +€164 | |
| Gross operating margin | 9900 | €109,168 | €153,174 | +€44,006 | +40.3% |
| Operating profit (loss) | 9901 | €97,578 | €134,960 | +€37,382 | +38.3% |
| Financial income | 75/76B | €2,071 | €2,090 | +€20 | +1.0% |
| Recurring financial income | 75 | €2,071 | €2,090 | +€20 | +1.0% |
| Financial charges | 65/66B | -€1,036 | -€3,865 | -€2,829 | -273.1% |
| Recurring financial charges | 65 | -€1,036 | -€3,865 | -€2,829 | -273.1% |
| Profit (loss) for the period before taxes | 9903 | €100,684 | €140,915 | +€40,231 | +40.0% |
| Income taxes | 67/77 | €31,416 | €43,364 | +€11,949 | +38.0% |
| Profit (loss) for the period | 9904 | €69,268 | €97,551 | +€28,283 | +40.8% |
| Profit (loss) for the period to be appropriated | 9905 | €69,268 | €97,551 | +€28,283 | +40.8% |
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 6 October 2026 via checked.be.