STEYEN: 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.
STEYEN
Largest movements
- Current investments -€50,362
down €50,362 (-17.5%), from €288,385 to €238,024
- Other debts -€56,256
down €56,256 (-96.9%), from €58,067 to €1,812
- Reserves +€6,703
up €6,703 (+2.8%), from €241,536 to €248,239
of which Distributable reserves: +€7,500
- Tax, wage and social debts -€4,215
no longer reported in 2025 (was €4,215)
- Financial income -€54,896
down €54,896 (-94.0%), from €58,417 to €3,521
- Gross operating margin +€2,834
up €2,834 (+26.2%), from €10,818 to €13,652
- Taxes +€725
up €725 (+40.8%), from €1,775 to €2,500
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 | €404,147 | €350,054 | -€54,093 | -13.4% |
| Fixed assets | 21/28 | €101,296 | €97,132 | -€4,164 | -4.1% |
| Tangible fixed assets | 22/27 | €100,992 | €97,132 | -€3,859 | -3.8% |
| Land and buildings | 22 | €100,992 | €96,315 | -€4,676 | -4.6% |
| Plant, machinery and equipment | 23 | - | €817 | +€817 | |
| Financial fixed assets | 28 | €305 | - | -€305 | |
| Current assets | 29/58 | €302,851 | €252,922 | -€49,929 | -16.5% |
| Amounts receivable within one year | 40/41 | €1,278 | €57 | -€1,222 | -95.6% |
| Other amounts receivable | 41 | €1,278 | €57 | -€1,222 | -95.6% |
| Current investments | 50/53 | €288,385 | €238,024 | -€50,362 | -17.5% |
| Cash at bank and in hand | 54/58 | €13,187 | €14,842 | +€1,655 | +12.5% |
| Total equity and liabilities | 10/49 | €404,147 | €350,054 | -€54,093 | -13.4% |
| Equity | 10/15 | €339,702 | €346,405 | +€6,703 | +2.0% |
| Contributions | 10/11 | €98,166 | €98,166 | = | 0.0% |
| Capital | 10 | €98,166 | €98,166 | = | 0.0% |
| Issued capital | 100 | €98,166 | €98,166 | = | 0.0% |
| Reserves | 13 | €241,536 | €248,239 | +€6,703 | +2.8% |
| Non-distributable reserves | 130/1 | €9,817 | €9,817 | = | 0.0% |
| Legal reserve | 130 | €9,817 | €9,817 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,150 | €3,353 | -€797 | -19.2% |
| Distributable reserves | 133 | €227,570 | €235,069 | +€7,500 | +3.3% |
| Provisions and deferred taxes | 16 | €1,695 | €1,370 | -€325 | -19.2% |
| Deferred taxes | 168 | €1,695 | €1,370 | -€325 | -19.2% |
| Amounts payable | 17/49 | €62,751 | €2,280 | -€60,470 | -96.4% |
| Amounts payable within one year | 42/48 | €62,751 | €2,280 | -€60,470 | -96.4% |
| Trade debts | 44 | €469 | €469 | = | 0.0% |
| Suppliers | 440/4 | €469 | €469 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €4,215 | - | -€4,215 | |
| Taxes | 450/3 | €4,215 | - | -€4,215 | |
| Other amounts payable | 47/48 | €58,067 | €1,812 | -€56,256 | -96.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,676 | €4,758 | +€82 | +1.8% |
| Other operating charges | 640/8 | €3,405 | €3,506 | +€101 | +3.0% |
| Gross operating margin | 9900 | €10,818 | €13,652 | +€2,834 | +26.2% |
| Operating profit (loss) | 9901 | €2,736 | €5,388 | +€2,651 | +96.9% |
| Financial income | 75/76B | €58,417 | €3,521 | -€54,896 | -94.0% |
| Recurring financial income | 75 | €58,417 | €3,521 | -€54,896 | -94.0% |
| Financial charges | 65/66B | €30 | €32 | +€2 | +5.0% |
| Recurring financial charges | 65 | €30 | €32 | +€2 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €61,123 | €8,877 | -€52,246 | -85.5% |
| Transfer from deferred taxes | 780 | €325 | €325 | = | 0.0% |
| Income taxes | 67/77 | €1,775 | €2,500 | +€725 | +40.8% |
| Profit (loss) for the period | 9904 | €59,674 | €6,703 | -€52,971 | -88.8% |
| Transfer from tax-exempt reserves | 789 | €797 | €797 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €60,470 | €7,500 | -€52,971 | -87.6% |
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 7 October 2026 via checked.be.