STEENMAN: 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.
STEENMAN
Largest movements
- Receivables within one year +€45,748
up €45,748 (+96.0%), from €47,660 to €93,408
of which Trade receivables: +€48,235
- Cash -€11,340
no longer reported in 2024 (was €11,340)
mainly Receivables within one year (-€45,748) and Trade debts (-€15,090)
- Tangible fixed assets -€2,494
down €2,494 (-8.2%), from €30,396 to €27,902
- Deferred charges and accrued income -€2,182
down €2,182 (-23.0%), from €9,486 to €7,304
- Short-term financial debts +€21,147
new in 2024: €21,147
- Trade debts -€15,090
down €15,090 (-72.8%), from €20,717 to €5,627
- Tax, wage and social debts +€13,354
up €13,354 (+54.2%), from €24,633 to €37,987
of which Taxes: +€11,711
- Reserves +€10,314
up €10,314 (+18.9%), from €54,443 to €64,757
of which Distributable reserves: +€10,314
- Gross operating margin +€8,669
up €8,669 (+53.1%), from €16,318 to €24,987
- Financial charges +€3,517
up €3,517 (+783%), from €449 to €3,966
- Taxes +€1,186
up €1,186 (+35.6%), from €3,327 to €4,513
- Other operating charges +€1,142
up €1,142 (+134%), from €852 to €1,994
- Depreciation -€1,084
down €1,084 (-24.4%), from €4,437 to €3,353
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.
Derived cash bridge
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 | €124,882 | €154,614 | +€29,732 | +23.8% |
| Fixed assets | 21/28 | €30,396 | €27,902 | -€2,494 | -8.2% |
| Tangible fixed assets | 22/27 | €30,396 | €27,902 | -€2,494 | -8.2% |
| Land and buildings | 22 | €22,700 | €21,936 | -€764 | -3.4% |
| Plant, machinery and equipment | 23 | €4,142 | €3,347 | -€795 | -19.2% |
| Furniture and vehicles | 24 | €3,554 | €2,619 | -€935 | -26.3% |
| Current assets | 29/58 | €94,486 | €126,712 | +€32,226 | +34.1% |
| Amounts receivable after more than one year | 29 | €26,000 | €26,000 | = | 0.0% |
| Other amounts receivable | 291 | €26,000 | €26,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €47,660 | €93,408 | +€45,748 | +96.0% |
| Trade receivables | 40 | €43,194 | €91,429 | +€48,235 | +112% |
| Other amounts receivable | 41 | €4,466 | €1,979 | -€2,487 | -55.7% |
| Cash at bank and in hand | 54/58 | €11,340 | - | -€11,340 | |
| Deferred charges and accrued income | 490/1 | €9,486 | €7,304 | -€2,182 | -23.0% |
| Total equity and liabilities | 10/49 | €124,882 | €154,614 | +€29,732 | +23.8% |
| Equity | 10/15 | €73,043 | €83,357 | +€10,314 | +14.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €54,443 | €64,757 | +€10,314 | +18.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €52,583 | €62,897 | +€10,314 | +19.6% |
| Amounts payable | 17/49 | €51,839 | €71,257 | +€19,418 | +37.5% |
| Amounts payable within one year | 42/48 | €50,789 | €70,207 | +€19,418 | +38.2% |
| Financial debts | 43 | - | €21,147 | +€21,147 | |
| Credit institutions | 430/8 | - | €21,147 | +€21,147 | |
| Trade debts | 44 | €20,717 | €5,627 | -€15,090 | -72.8% |
| Suppliers | 440/4 | €20,717 | €5,627 | -€15,090 | -72.8% |
| Taxes, remuneration and social security | 45 | €24,633 | €37,987 | +€13,354 | +54.2% |
| Taxes | 450/3 | €18,502 | €30,213 | +€11,711 | +63.3% |
| Remuneration and social security | 454/9 | €6,131 | €7,774 | +€1,643 | +26.8% |
| Other amounts payable | 47/48 | €5,439 | €5,446 | +€7 | +0.1% |
| Accrued charges and deferred income | 492/3 | €1,050 | €1,050 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,437 | €3,353 | -€1,084 | -24.4% |
| Other operating charges | 640/8 | €852 | €1,994 | +€1,142 | +134% |
| Non-recurring operating charges | 66A | - | €1,377 | +€1,377 | |
| Gross operating margin | 9900 | €16,318 | €24,987 | +€8,669 | +53.1% |
| Operating profit (loss) | 9901 | €11,029 | €18,263 | +€7,234 | +65.6% |
| Financial income | 75/76B | €989 | €530 | -€459 | -46.4% |
| Recurring financial income | 75 | €989 | €530 | -€459 | -46.4% |
| Financial charges | 65/66B | €449 | €3,966 | +€3,517 | +783% |
| Recurring financial charges | 65 | €449 | €3,966 | +€3,517 | +783% |
| Profit (loss) for the period before taxes | 9903 | €11,569 | €14,827 | +€3,258 | +28.2% |
| Income taxes | 67/77 | €3,327 | €4,513 | +€1,186 | +35.6% |
| Profit (loss) for the period | 9904 | €8,242 | €10,314 | +€2,072 | +25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,242 | €10,314 | +€2,072 | +25.1% |
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 26 October 2026 via checked.be.