Steyaert Projects: 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 Projects
Largest movements
- Cash +€82,859
up €82,859 (+178.8%), from €46,345 to €129,204
mainly Receivables within one year (+€61,612) and Net result for the year (+€57,721)
- Receivables within one year -€61,612
down €61,612 (-48.0%), from €128,261 to €66,649
of which Other amounts receivable: -€49,681
- Deferred charges and accrued income -€2,202
down €2,202 (-57.0%), from €3,866 to €1,663
- Profit (loss) carried forward +€57,721
up €57,721 (+39.5%), from €146,016 to €203,736
- Other debts -€27,222
no longer reported in 2025 (was €27,222)
- Tax, wage and social debts -€11,982
down €11,982 (-66.9%), from €17,899 to €5,917
- Trade debts +€2,813
up €2,813 (+120.6%), from €2,332 to €5,145
- Gross operating margin +€19,240
up €19,240 (+30.9%), from €62,276 to €81,515
- Taxes +€8,518
up €8,518 (+63.8%), from €13,350 to €21,868
- Financial income -€6,218
down €6,218 (-88.9%), from €6,994 to €776
- Financial charges -€4,534
down €4,534 (-79.5%), from €5,704 to €1,170
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 | €198,688 | €219,798 | +€21,110 | +10.6% |
| Fixed assets | 21/28 | €20,216 | €22,281 | +€2,065 | +10.2% |
| Tangible fixed assets | 22/27 | €216 | €2,281 | +€2,065 | +957.3% |
| Furniture and vehicles | 24 | €216 | €2,281 | +€2,065 | +957.3% |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €178,472 | €197,517 | +€19,045 | +10.7% |
| Amounts receivable within one year | 40/41 | €128,261 | €66,649 | -€61,612 | -48.0% |
| Trade receivables | 40 | €12,100 | €169 | -€11,931 | -98.6% |
| Other amounts receivable | 41 | €116,161 | €66,480 | -€49,681 | -42.8% |
| Cash at bank and in hand | 54/58 | €46,345 | €129,204 | +€82,859 | +178.8% |
| Deferred charges and accrued income | 490/1 | €3,866 | €1,663 | -€2,202 | -57.0% |
| Total equity and liabilities | 10/49 | €198,688 | €219,798 | +€21,110 | +10.6% |
| Equity | 10/15 | €151,016 | €208,736 | +€57,721 | +38.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €146,016 | €203,736 | +€57,721 | +39.5% |
| Amounts payable | 17/49 | €47,672 | €11,062 | -€36,610 | -76.8% |
| Amounts payable within one year | 42/48 | €47,457 | €11,062 | -€36,395 | -76.7% |
| Financial debts | 43 | €5 | - | -€5 | |
| Credit institutions | 430/8 | €5 | - | -€5 | |
| Trade debts | 44 | €2,332 | €5,145 | +€2,813 | +120.6% |
| Suppliers | 440/4 | €2,332 | €5,145 | +€2,813 | +120.6% |
| Taxes, remuneration and social security | 45 | €17,899 | €5,917 | -€11,982 | -66.9% |
| Taxes | 450/3 | €17,899 | €5,917 | -€11,982 | -66.9% |
| Other amounts payable | 47/48 | €27,222 | - | -€27,222 | |
| Accrued charges and deferred income | 492/3 | €215 | - | -€215 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €250 | €266 | +€16 | +6.2% |
| Other operating charges | 640/8 | €1,465 | €1,267 | -€198 | -13.5% |
| Gross operating margin | 9900 | €62,276 | €81,515 | +€19,240 | +30.9% |
| Operating profit (loss) | 9901 | €60,561 | €79,983 | +€19,423 | +32.1% |
| Financial income | 75/76B | €6,994 | €776 | -€6,218 | -88.9% |
| Recurring financial income | 75 | €6,994 | €776 | -€6,218 | -88.9% |
| Financial charges | 65/66B | €5,704 | €1,170 | -€4,534 | -79.5% |
| Recurring financial charges | 65 | €5,704 | €1,170 | -€4,534 | -79.5% |
| Profit (loss) for the period before taxes | 9903 | €61,851 | €79,589 | +€17,738 | +28.7% |
| Income taxes | 67/77 | €13,350 | €21,868 | +€8,518 | +63.8% |
| Profit (loss) for the period | 9904 | €48,501 | €57,721 | +€9,220 | +19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,501 | €57,721 | +€9,220 | +19.0% |
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 8 October 2026 via checked.be.