STEYLAERTS: 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.
What changed
STEYLAERTS
NACE 46.835, Wholesale trade
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€21,979
2023 · €50,332-€28,354
Equity
€5.9m
2023 · €5.9m
Cash
€4.2m
2023 · €3.5m+€715,476
Balance sheet total
€14.4m
2023 · €14.6m-€208,221
Largest movements
Assets
- Cash +€715,476
up €715,476 (+20.4%), from €3.5m to €4.2m
mainly Depreciation (+€659,027) and Stocks and contracts (+€615,283)
- Stocks and contracts -€615,283
down €615,283 (-17.0%), from €3.6m to €3.0m
of which Stocks: -€413,931
- Tangible fixed assets -€401,977
down €401,977 (-25.1%), from €1.6m to €1.2m
of which Other tangible fixed assets: -€428,185
- Deferred charges and accrued income +€163,644
up €163,644 (+58.0%), from €281,977 to €445,621
Equity and liabilities
- Other debts -€578,021
down €578,021 (-96.3%), from €600,000 to €21,979
- Trade debts +€257,501
up €257,501 (+5.6%), from €4.6m to €4.9m
- Accrued charges and deferred income +€149,613
up €149,613 (+149.0%), from €100,441 to €250,054
Income statement
- Turnover -€1.3m
down €1.3m (-4.1%), from €31.2m to €29.9m
- Services and other goods -€930,010
down €930,010 (-9.5%), from €9.8m to €8.9m
- Staff costs -€396,204
down €396,204 (-12.9%), from €3.1m to €2.7m
From the 2023 result to the 2024 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.
Result 2023
€50,332
Turnover
-€1.3m
Other operating income
-€74,568
Goods and materials
-€11,412
Services and other goods
+€930,010
Staff costs
+€396,204
Depreciation
+€170,281
Write-downs
-€39,019
Provisions
+€90,000
Other operating charges
+€26,421
Other operating items
-€235,928
Financial income
+€35,418
Financial charges
-€14,249
Taxes
-€10,037
Result 2024
€21,979
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€837,788
Investment
-€313,224
Financing
+€190,912
Cash 2023
€3.5m
From operations (derived)
+€837,788
Net result for the year
+€21,979
Depreciation
+€659,027
Stocks and contracts
+€615,283
Receivables within one year
+€126,256
Deferred charges and accrued income
-€163,644
Provisions
-€120,000
Trade debts
+€257,501
Tax, wage and social debts
-€77,531
Advances received
-€52,673
Other debts
-€578,021
Accrued charges and deferred income
+€149,613
Investment (derived)
-€313,224
Investment in fixed assets (net)
-€313,224
Financing
+€190,912
Debts after one year
+€30,399
Current portion of long-term debt
+€104,149
Short-term financial debts
+€78,343
Contributions, distributions and other
-€21,979
Cash 2024
€4.2m
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,619,491 | €14,411,270 | -€208,221 | -1.4% |
| Fixed assets | 21/28 | €5,250,744 | €4,904,942 | -€345,802 | -6.6% |
| Intangible fixed assets | 21 | €180,972 | €237,147 | +€56,175 | +31.0% |
| Tangible fixed assets | 22/27 | €1,602,772 | €1,200,795 | -€401,977 | -25.1% |
| Plant, machinery and equipment | 23 | €115,450 | €91,446 | -€24,004 | -20.8% |
| Furniture and vehicles | 24 | €64,846 | €41,838 | -€23,008 | -35.5% |
| Other tangible fixed assets | 26 | €1,422,475 | €994,290 | -€428,185 | -30.1% |
| Assets under construction and advance payments | 27 | - | €73,220 | +€73,220 | |
| Financial fixed assets | 28 | €3,467,000 | €3,467,000 | = | 0.0% |
| Affiliated companies | 280/1 | €3,350,000 | €3,350,000 | = | 0.0% |
| Amounts receivable | 281 | €3,350,000 | €3,350,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €117,000 | €117,000 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €117,000 | €117,000 | = | 0.0% |
| Current assets | 29/58 | €9,368,748 | €9,506,329 | +€137,581 | +1.5% |
| Stocks and contracts in progress | 3 | €3,615,953 | €3,000,670 | -€615,283 | -17.0% |
| Stocks | 30/36 | €3,123,074 | €2,709,143 | -€413,931 | -13.3% |
| Goods purchased for resale | 34 | €3,123,074 | €2,709,143 | -€413,931 | -13.3% |
| Contracts in progress | 37 | €492,879 | €291,528 | -€201,352 | -40.9% |
| Amounts receivable within one year | 40/41 | €1,957,658 | €1,831,402 | -€126,256 | -6.4% |
| Trade receivables | 40 | €1,392,125 | €1,241,469 | -€150,656 | -10.8% |
| Other amounts receivable | 41 | €565,533 | €589,933 | +€24,400 | +4.3% |
| Cash at bank and in hand | 54/58 | €3,513,160 | €4,228,636 | +€715,476 | +20.4% |
| Deferred charges and accrued income | 490/1 | €281,977 | €445,621 | +€163,644 | +58.0% |
| Total equity and liabilities | 10/49 | €14,619,491 | €14,411,270 | -€208,221 | -1.4% |
| Equity | 10/15 | €5,903,176 | €5,903,176 | = | 0.0% |
| Contributions | 10/11 | €64,000 | €64,000 | = | 0.0% |
| Capital | 10 | €64,000 | €64,000 | = | 0.0% |
| Issued capital | 100 | €64,000 | €64,000 | = | 0.0% |
| Reserves | 13 | €5,839,176 | €5,839,176 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,400 | €6,400 | = | 0.0% |
| Legal reserve | 130 | €6,400 | €6,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,733 | €20,733 | = | 0.0% |
| Distributable reserves | 133 | €5,812,043 | €5,812,043 | = | 0.0% |
| Provisions and deferred taxes | 16 | €220,000 | €100,000 | -€120,000 | -54.5% |
| Provisions for liabilities and charges | 160/5 | €220,000 | €100,000 | -€120,000 | -54.5% |
| Other liabilities and charges | 164/5 | €220,000 | €100,000 | -€120,000 | -54.5% |
| Amounts payable | 17/49 | €8,496,315 | €8,408,094 | -€88,221 | -1.0% |
| Amounts payable after more than one year | 17 | €1,187,807 | €1,218,206 | +€30,399 | +2.6% |
| Financial debts | 170/4 | €1,187,807 | €1,218,206 | +€30,399 | +2.6% |
| Credit institutions | 173 | €1,187,807 | €1,218,206 | +€30,399 | +2.6% |
| Amounts payable within one year | 42/48 | €7,208,067 | €6,939,835 | -€268,233 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €319,958 | €424,107 | +€104,149 | +32.6% |
| Financial debts | 43 | €855,460 | €933,802 | +€78,343 | +9.2% |
| Credit institutions | 430/8 | €855,460 | €933,802 | +€78,343 | +9.2% |
| Trade debts | 44 | €4,630,468 | €4,887,968 | +€257,501 | +5.6% |
| Suppliers | 440/4 | €4,630,468 | €4,887,968 | +€257,501 | +5.6% |
| Advances received on contracts in progress | 46 | €154,543 | €101,870 | -€52,673 | -34.1% |
| Taxes, remuneration and social security | 45 | €647,640 | €570,109 | -€77,531 | -12.0% |
| Taxes | 450/3 | €308,880 | €200,712 | -€108,168 | -35.0% |
| Remuneration and social security | 454/9 | €338,760 | €369,397 | +€30,637 | +9.0% |
| Other amounts payable | 47/48 | €600,000 | €21,979 | -€578,021 | -96.3% |
| Accrued charges and deferred income | 492/3 | €100,441 | €250,054 | +€149,613 | +149.0% |
| Operating income | 70/76A | €31,496,681 | €29,894,709 | -€1.6m | -5.1% |
| Turnover | 70 | €31,217,152 | €29,925,676 | -€1.3m | -4.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €35,878 | -€148,679 | -€184,557 | |
| Other operating income | 74 | €192,280 | €117,712 | -€74,568 | -38.8% |
| Non-recurring operating income | 76A | €51,370 | - | -€51,370 | |
| Operating charges | 60/66A | €31,549,924 | €29,987,439 | -€1.6m | -5.0% |
| Goods for resale, raw materials and consumables | 60 | €17,832,381 | €17,843,793 | +€11,412 | +0.1% |
| Purchases | 600/8 | €17,206,434 | €17,429,862 | +€223,428 | +1.3% |
| Change in stocks: decrease (increase) | 609 | €625,947 | €413,931 | -€212,016 | -33.9% |
| Services and other goods | 61 | €9,810,963 | €8,880,953 | -€930,010 | -9.5% |
| Remuneration, social security and pensions | 62 | €3,078,181 | €2,681,977 | -€396,204 | -12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €829,308 | €659,027 | -€170,281 | -20.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€28,181 | €10,838 | +€39,019 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€30,000 | -€120,000 | -€90,000 | -300.0% |
| Other operating charges | 640/8 | €57,273 | €30,852 | -€26,421 | -46.1% |
| Operating profit (loss) | 9901 | -€53,244 | -€92,729 | -€39,486 | -74.2% |
| Financial income | 75/76B | €255,813 | €291,231 | +€35,418 | +13.8% |
| Recurring financial income | 75 | €255,813 | €291,231 | +€35,418 | +13.8% |
| Income from financial fixed assets | 750 | €92,757 | €117,358 | +€24,602 | +26.5% |
| Other financial income | 752/9 | €163,056 | €173,872 | +€10,816 | +6.6% |
| Financial charges | 65/66B | €97,915 | €112,164 | +€14,249 | +14.6% |
| Recurring financial charges | 65 | €97,915 | €112,164 | +€14,249 | +14.6% |
| Debt charges | 650 | €89,288 | €103,584 | +€14,296 | +16.0% |
| Other financial charges | 652/9 | €8,627 | €8,579 | -€47 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €104,654 | €86,338 | -€18,317 | -17.5% |
| Income taxes | 67/77 | €54,322 | €64,359 | +€10,037 | +18.5% |
| Taxes | 670/3 | €61,337 | €68,319 | +€6,982 | +11.4% |
| Tax adjustments and reversals of tax provisions | 77 | €7,015 | €3,960 | -€3,055 | -43.5% |
| Profit (loss) for the period | 9904 | €50,332 | €21,979 | -€28,354 | -56.3% |
| Profit (loss) for the period to be appropriated | 9905 | €50,332 | €21,979 | -€28,354 | -56.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.