Chez Steph: 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.
Chez Steph
Largest movements
- Tangible fixed assets -€10,594
down €10,594 (-42.5%), from €24,908 to €14,314
of which Plant, machinery and equipment: -€6,570
- Receivables within one year -€9,479
down €9,479 (-63.8%), from €14,857 to €5,379
of which Trade receivables: -€8,923
- Cash +€1,871
up €1,871 (+12.8%), from €14,657 to €16,528
mainly Depreciation (+€10,594) and Receivables within one year (+€9,479)
- Stocks and contracts +€1,359
up €1,359 (+34.2%), from €3,972 to €5,331
- Advances received -€13,253
down €13,253 (-96.1%), from €13,795 to €542
- Reserves -€8,000
down €8,000 (-72.7%), from €11,000 to €3,000
- Tax, wage and social debts +€5,838
up €5,838 (+80.3%), from €7,271 to €13,109
of which Remuneration and social security: +€7,014
- Current portion of long-term debt -€2,727
no longer reported in 2025 (was €2,727)
- Other debts +€2,200
new in 2025: €2,200
- Staff costs +€24,571
up €24,571 (+35.7%), from €68,755 to €93,326
- Gross operating margin +€12,834
up €12,834 (+14.8%), from €86,864 to €99,698
- Purchases and services -€8,037
down €8,037 (-4.1%), from €194,281 to €186,244
- Other operating charges -€1,584
down €1,584 (-31.5%), from €5,036 to €3,451
- Depreciation -€1,051
down €1,051 (-9.0%), from €11,645 to €10,594
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
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 | €60,401 | €43,140 | -€17,261 | -28.6% |
| Fixed assets | 21/28 | €25,399 | €14,805 | -€10,594 | -41.7% |
| Tangible fixed assets | 22/27 | €24,908 | €14,314 | -€10,594 | -42.5% |
| Plant, machinery and equipment | 23 | €18,607 | €12,037 | -€6,570 | -35.3% |
| Furniture and vehicles | 24 | €6,301 | €2,277 | -€4,024 | -63.9% |
| Financial fixed assets | 28 | €491 | €491 | = | 0.0% |
| Current assets | 29/58 | €35,002 | €28,335 | -€6,667 | -19.0% |
| Stocks and contracts in progress | 3 | €3,972 | €5,331 | +€1,359 | +34.2% |
| Stocks | 30/36 | €3,972 | €5,331 | +€1,359 | +34.2% |
| Amounts receivable within one year | 40/41 | €14,857 | €5,379 | -€9,479 | -63.8% |
| Trade receivables | 40 | €13,520 | €4,597 | -€8,923 | -66.0% |
| Other amounts receivable | 41 | €1,337 | €781 | -€556 | -41.6% |
| Cash at bank and in hand | 54/58 | €14,657 | €16,528 | +€1,871 | +12.8% |
| Deferred charges and accrued income | 490/1 | €1,516 | €1,098 | -€418 | -27.6% |
| Total equity and liabilities | 10/49 | €60,401 | €43,140 | -€17,261 | -28.6% |
| Equity | 10/15 | €30,062 | €21,867 | -€8,195 | -27.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,000 | €3,000 | -€8,000 | -72.7% |
| Distributable reserves | 133 | €11,000 | €3,000 | -€8,000 | -72.7% |
| Profit (loss) carried forward | 14 | €462 | €267 | -€195 | -42.2% |
| Amounts payable | 17/49 | €30,339 | €21,273 | -€9,066 | -29.9% |
| Amounts payable within one year | 42/48 | €29,900 | €21,273 | -€8,628 | -28.9% |
| Current portion of amounts payable after more than one year | 42 | €2,727 | - | -€2,727 | |
| Trade debts | 44 | €6,108 | €5,422 | -€685 | -11.2% |
| Suppliers | 440/4 | €6,108 | €5,422 | -€685 | -11.2% |
| Advances received on contracts in progress | 46 | €13,795 | €542 | -€13,253 | -96.1% |
| Taxes, remuneration and social security | 45 | €7,271 | €13,109 | +€5,838 | +80.3% |
| Taxes | 450/3 | €1,281 | €105 | -€1,176 | -91.8% |
| Remuneration and social security | 454/9 | €5,990 | €13,004 | +€7,014 | +117% |
| Other amounts payable | 47/48 | - | €2,200 | +€2,200 | |
| Accrued charges and deferred income | 492/3 | €438 | - | -€438 | |
| Goods, raw materials, services and sundry goods | 60/61 | €194,281 | €186,244 | -€8,037 | -4.1% |
| Remuneration, social security and pensions | 62 | €68,755 | €93,326 | +€24,571 | +35.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,645 | €10,594 | -€1,051 | -9.0% |
| Other operating charges | 640/8 | €5,036 | €3,451 | -€1,584 | -31.5% |
| Gross operating margin | 9900 | €86,864 | €99,698 | +€12,834 | +14.8% |
| Operating profit (loss) | 9901 | €1,429 | -€7,673 | -€9,102 | |
| Financial income | 75/76B | €50 | €303 | +€253 | +505% |
| Recurring financial income | 75 | €50 | €303 | +€253 | +505% |
| Financial charges | 65/66B | €611 | €825 | +€213 | +34.9% |
| Recurring financial charges | 65 | €611 | €825 | +€213 | +34.9% |
| Profit (loss) for the period before taxes | 9903 | €868 | -€8,195 | -€9,063 | |
| Profit (loss) for the period | 9904 | €868 | -€8,195 | -€9,063 | |
| Profit (loss) for the period to be appropriated | 9905 | €868 | -€8,195 | -€9,063 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.