BLUE STEP GROUP: 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.
BLUE STEP GROUP
Largest movements
- Tangible fixed assets -€217,457
down €217,457 (-5.6%), from €3.9m to €3.7m
- Profit (loss) carried forward -€160,875
down €160,875 (-10.5%), from -€1.5m to -€1.7m
- Debts after one year -€84,068
down €84,068 (-2.8%), from €3.0m to €2.9m
- Gross operating margin -€42,841
down €42,841 (-21.1%), from €202,963 to €160,122
- Financial charges -€18,156
down €18,156 (-20.6%), from €87,939 to €69,783
- Other operating charges +€6,824
up €6,824 (+46.1%), from €14,801 to €21,626
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,923,580 | €3,702,203 | -€221,377 | -5.6% |
| Fixed assets | 21/28 | €3,917,183 | €3,699,725 | -€217,457 | -5.6% |
| Tangible fixed assets | 22/27 | €3,917,183 | €3,699,725 | -€217,457 | -5.6% |
| Land and buildings | 22 | €3,917,183 | €3,699,725 | -€217,457 | -5.6% |
| Current assets | 29/58 | €6,397 | €2,477 | -€3,920 | -61.3% |
| Amounts receivable within one year | 40/41 | - | €923 | +€923 | |
| Trade receivables | 40 | - | €923 | +€923 | |
| Deferred charges and accrued income | 490/1 | €6,397 | €1,554 | -€4,843 | -75.7% |
| Total equity and liabilities | 10/49 | €3,923,580 | €3,702,203 | -€221,377 | -5.6% |
| Equity | 10/15 | -€316,138 | -€477,013 | -€160,875 | -50.9% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,140,000 | €1,140,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,531,138 | -€1,692,013 | -€160,875 | -10.5% |
| Amounts payable | 17/49 | €4,239,718 | €4,179,216 | -€60,502 | -1.4% |
| Amounts payable after more than one year | 17 | €2,967,801 | €2,883,733 | -€84,068 | -2.8% |
| Financial debts | 170/4 | €2,967,801 | €2,883,733 | -€84,068 | -2.8% |
| Amounts payable within one year | 42/48 | €1,239,233 | €1,268,127 | +€28,894 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €205,635 | €197,487 | -€8,147 | -4.0% |
| Financial debts | 43 | €17,619 | €15,975 | -€1,644 | -9.3% |
| Credit institutions | 430/8 | €17,619 | €15,975 | -€1,644 | -9.3% |
| Trade debts | 44 | €70,561 | €84,302 | +€13,741 | +19.5% |
| Suppliers | 440/4 | €70,561 | €84,302 | +€13,741 | +19.5% |
| Other amounts payable | 47/48 | €945,419 | €970,363 | +€24,944 | +2.6% |
| Accrued charges and deferred income | 492/3 | €32,683 | €27,356 | -€5,327 | -16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €227,881 | €229,589 | +€1,708 | +0.7% |
| Other operating charges | 640/8 | €14,801 | €21,626 | +€6,824 | +46.1% |
| Gross operating margin | 9900 | €202,963 | €160,122 | -€42,841 | -21.1% |
| Operating profit (loss) | 9901 | -€39,719 | -€91,092 | -€51,373 | -129% |
| Financial charges | 65/66B | €87,939 | €69,783 | -€18,156 | -20.6% |
| Recurring financial charges | 65 | €87,939 | €69,783 | -€18,156 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | -€127,658 | -€160,875 | -€33,217 | -26.0% |
| Profit (loss) for the period | 9904 | -€127,658 | -€160,875 | -€33,217 | -26.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€127,658 | -€160,875 | -€33,217 | -26.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.