STEYAN: what changed
Two financial 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.
STEYAN
Largest movements
- Cash +€139,142
up €139,142 (+25.4%), from €548,627 to €687,769
mainly Net result for the year (+€151,255) and Tax, wage and social debts (+€5,234)
- Receivables within one year +€17,229
up €17,229 (+80.4%), from €21,433 to €38,662
of which Trade receivables: +€20,069
- Reserves +€151,255
up €151,255 (+2,203%), from €6,865 to €158,120
of which Distributable reserves: +€151,255
- Gross operating margin +€165,886
up €165,886 (+321%), from €51,728 to €217,614
- Taxes +€55,883
up €55,883 (+364%), from €15,358 to €71,241
- Financial income -€6,111
down €6,111 (-40.5%), from €15,076 to €8,965
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.
Derived cash bridge
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 | €570,059 | €726,431 | +€156,372 | +27.4% |
| Current assets | 29/58 | €570,059 | €726,431 | +€156,372 | +27.4% |
| Amounts receivable within one year | 40/41 | €21,433 | €38,662 | +€17,229 | +80.4% |
| Trade receivables | 40 | €18,593 | €38,662 | +€20,069 | +108% |
| Other amounts receivable | 41 | €2,840 | - | -€2,840 | |
| Cash at bank and in hand | 54/58 | €548,627 | €687,769 | +€139,142 | +25.4% |
| Total equity and liabilities | 10/49 | €570,059 | €726,431 | +€156,372 | +27.4% |
| Equity | 10/15 | €491,554 | €642,808 | +€151,255 | +30.8% |
| Contributions | 10/11 | €18,584 | €18,584 | = | 0.0% |
| Reserves | 13 | €6,865 | €158,120 | +€151,255 | +2,203% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €720 | €720 | = | 0.0% |
| Distributable reserves | 133 | €4,286 | €155,540 | +€151,255 | +3,529% |
| Profit (loss) carried forward | 14 | €466,105 | €466,105 | = | 0.0% |
| Provisions and deferred taxes | 16 | €59,505 | €59,505 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €59,505 | €59,505 | = | 0.0% |
| Other liabilities and charges | 164/5 | €59,505 | €59,505 | = | 0.0% |
| Amounts payable | 17/49 | €19,000 | €24,117 | +€5,117 | +26.9% |
| Amounts payable within one year | 42/48 | €19,000 | €24,117 | +€5,117 | +26.9% |
| Trade debts | 44 | €250 | €128 | -€122 | -48.7% |
| Suppliers | 440/4 | €250 | €128 | -€122 | -48.7% |
| Taxes, remuneration and social security | 45 | €18,750 | €23,985 | +€5,234 | +27.9% |
| Taxes | 450/3 | €18,750 | €23,985 | +€5,234 | +27.9% |
| Other amounts payable | 47/48 | - | €4 | +€4 | |
| Non-recurring operating income | 76A | - | €189,000 | +€189,000 | |
| Remuneration, social security and pensions | 62 | €119 | €59 | -€60 | -50.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €515 | - | -€515 | |
| Other operating charges | 640/8 | €3,815 | €3,922 | +€106 | +2.8% |
| Gross operating margin | 9900 | €51,728 | €217,614 | +€165,886 | +321% |
| Operating profit (loss) | 9901 | €47,280 | €213,634 | +€166,354 | +352% |
| Financial income | 75/76B | €15,076 | €8,965 | -€6,111 | -40.5% |
| Recurring financial income | 75 | €15,076 | €8,965 | -€6,111 | -40.5% |
| Financial charges | 65/66B | €102 | €104 | +€2 | +1.7% |
| Recurring financial charges | 65 | €102 | €104 | +€2 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €62,254 | €222,495 | +€160,241 | +257% |
| Income taxes | 67/77 | €15,358 | €71,241 | +€55,883 | +364% |
| Profit (loss) for the period | 9904 | €46,896 | €151,255 | +€104,358 | +223% |
| Profit (loss) for the period to be appropriated | 9905 | €46,896 | €151,255 | +€104,358 | +223% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.