Steynen: 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.
Steynen
Largest movements
- Intangible fixed assets -€9,000
down €9,000 (-46.6%), from €19,334 to €10,334
- Cash +€5,834
up €5,834 (+640.6%), from €911 to €6,745
mainly Other debts (+€62,232) and Depreciation (+€9,017)
- Deferred charges and accrued income +€1,378
new in 2024: €1,378
- Tangible fixed assets +€524
new in 2024: €524
- Other debts +€62,232
up €62,232 (+158.2%), from €39,349 to €101,581
- Profit (loss) carried forward -€33,399
down €33,399 (-62.6%), from -€53,327 to -€86,726
- Reserves -€14,084
no longer reported in 2024 (was €14,084)
- Trade debts -€11,790
down €11,790 (-88.8%), from €13,271 to €1,481
- Current portion of long-term debt -€7,988
down €7,988 (-79.0%), from €10,109 to €2,121
- Gross operating margin -€32,095
down €32,095 (-80.0%), from €40,141 to €8,047
- Staff costs +€17,592
up €17,592 (+65.2%), from €26,966 to €44,558
- Other operating charges -€1,543
no longer reported in 2024 (was €1,543)
- Financial charges +€1,266
up €1,266 (+188.9%), from €670 to €1,937
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €28,778 | €27,831 | -€947 | -3.3% |
| Fixed assets | 21/28 | €24,674 | €16,198 | -€8,476 | -34.4% |
| Intangible fixed assets | 21 | €19,334 | €10,334 | -€9,000 | -46.6% |
| Tangible fixed assets | 22/27 | - | €524 | +€524 | |
| Plant, machinery and equipment | 23 | - | €524 | +€524 | |
| Financial fixed assets | 28 | €5,340 | €5,340 | = | 0.0% |
| Current assets | 29/58 | €4,104 | €11,633 | +€7,529 | +183.5% |
| Stocks and contracts in progress | 3 | €2,699 | €2,969 | +€270 | +10.0% |
| Stocks | 30/36 | €2,699 | €2,969 | +€270 | +10.0% |
| Amounts receivable within one year | 40/41 | €493 | €540 | +€47 | +9.5% |
| Other amounts receivable | 41 | €493 | €540 | +€47 | +9.5% |
| Cash at bank and in hand | 54/58 | €911 | €6,745 | +€5,834 | +640.6% |
| Deferred charges and accrued income | 490/1 | - | €1,378 | +€1,378 | |
| Total equity and liabilities | 10/49 | €28,778 | €27,831 | -€947 | -3.3% |
| Equity | 10/15 | -€37,243 | -€84,726 | -€47,483 | -127.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €14,084 | - | -€14,084 | |
| Distributable reserves | 133 | €14,084 | - | -€14,084 | |
| Profit (loss) carried forward | 14 | -€53,327 | -€86,726 | -€33,399 | -62.6% |
| Amounts payable | 17/49 | €66,021 | €112,557 | +€46,536 | +70.5% |
| Amounts payable after more than one year | 17 | €2,121 | - | -€2,121 | |
| Financial debts | 170/4 | €2,121 | - | -€2,121 | |
| Amounts payable within one year | 42/48 | €63,899 | €112,557 | +€48,657 | +76.1% |
| Current portion of amounts payable after more than one year | 42 | €10,109 | €2,121 | -€7,988 | -79.0% |
| Trade debts | 44 | €13,271 | €1,481 | -€11,790 | -88.8% |
| Suppliers | 440/4 | €13,271 | €1,481 | -€11,790 | -88.8% |
| Advances received on contracts in progress | 46 | - | €3,002 | +€3,002 | |
| Taxes, remuneration and social security | 45 | €1,169 | €4,371 | +€3,202 | +273.8% |
| Taxes | 450/3 | €1,169 | €1,887 | +€718 | +61.4% |
| Remuneration and social security | 454/9 | - | €2,484 | +€2,484 | |
| Other amounts payable | 47/48 | €39,349 | €101,581 | +€62,232 | +158.2% |
| Remuneration, social security and pensions | 62 | €26,966 | €44,558 | +€17,592 | +65.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,000 | €9,017 | +€17 | +0.2% |
| Other operating charges | 640/8 | €1,543 | - | -€1,543 | |
| Gross operating margin | 9900 | €40,141 | €8,047 | -€32,095 | -80.0% |
| Operating profit (loss) | 9901 | €2,632 | -€45,529 | -€48,161 | |
| Financial income | 75/76B | €4 | €98 | +€95 | +2594.8% |
| Recurring financial income | 75 | €4 | €98 | +€95 | +2594.8% |
| Financial charges | 65/66B | €670 | €1,937 | +€1,266 | +188.9% |
| Recurring financial charges | 65 | €670 | €1,937 | +€1,266 | +188.9% |
| Profit (loss) for the period before taxes | 9903 | €1,966 | -€47,367 | -€49,333 | |
| Income taxes | 67/77 | €123 | €115 | -€8 | -6.4% |
| Profit (loss) for the period | 9904 | €1,842 | -€47,483 | -€49,325 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,842 | -€47,483 | -€49,325 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.