CHRIS STEENACKERS: 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.
CHRIS STEENACKERS
Largest movements
- Receivables within one year +€50,000
up €50,000 (+24.3%), from €205,402 to €255,402
- Cash +€41,344
up €41,344 (+103.7%), from €39,870 to €81,215
mainly Net result for the year (+€52,884) and Deferred charges and accrued income (+€19,928)
- Deferred charges and accrued income -€19,928
down €19,928 (-93.6%), from €21,280 to €1,351
- Tangible fixed assets -€3,905
down €3,905 (-15.0%), from €26,090 to €22,185
of which Plant, machinery and equipment: -€2,105
- Reserves +€52,884
up €52,884 (+33.0%), from €160,160 to €213,043
- Trade debts +€10,609
up €10,609 (+153.8%), from €6,897 to €17,507
- Taxes -€9,706
down €9,706 (-30.8%), from €31,557 to €21,850
- Depreciation -€6,310
down €6,310 (-61.8%), from €10,216 to €3,905
- Gross operating margin +€1,378
up €1,378 (+1.7%), from €81,278 to €82,656
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.
Cash bridge derived
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 | €292,642 | €360,153 | +€67,511 | +23.1% |
| Fixed assets | 21/28 | €26,090 | €22,185 | -€3,905 | -15.0% |
| Tangible fixed assets | 22/27 | €26,090 | €22,185 | -€3,905 | -15.0% |
| Plant, machinery and equipment | 23 | €14,480 | €12,375 | -€2,105 | -14.5% |
| Other tangible fixed assets | 26 | €11,610 | €9,810 | -€1,800 | -15.5% |
| Current assets | 29/58 | €266,552 | €337,968 | +€71,416 | +26.8% |
| Amounts receivable within one year | 40/41 | €205,402 | €255,402 | +€50,000 | +24.3% |
| Other amounts receivable | 41 | €205,402 | €255,402 | +€50,000 | +24.3% |
| Cash at bank and in hand | 54/58 | €39,870 | €81,215 | +€41,344 | +103.7% |
| Deferred charges and accrued income | 490/1 | €21,280 | €1,351 | -€19,928 | -93.6% |
| Total equity and liabilities | 10/49 | €292,642 | €360,153 | +€67,511 | +23.1% |
| Equity | 10/15 | €166,474 | €219,357 | +€52,884 | +31.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €160,160 | €213,043 | +€52,884 | +33.0% |
| Distributable reserves | 133 | €160,160 | €213,043 | +€52,884 | +33.0% |
| Profit (loss) carried forward | 14 | €114 | €114 | = | 0.0% |
| Amounts payable | 17/49 | €126,168 | €140,795 | +€14,627 | +11.6% |
| Amounts payable within one year | 42/48 | €126,168 | €140,795 | +€14,627 | +11.6% |
| Trade debts | 44 | €6,897 | €17,507 | +€10,609 | +153.8% |
| Suppliers | 440/4 | €6,897 | €17,507 | +€10,609 | +153.8% |
| Taxes, remuneration and social security | 45 | €25,714 | €28,531 | +€2,817 | +11.0% |
| Taxes | 450/3 | €23,064 | €25,881 | +€2,817 | +12.2% |
| Remuneration and social security | 454/9 | €2,650 | €2,650 | = | 0.0% |
| Other amounts payable | 47/48 | €93,557 | €94,758 | +€1,201 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,216 | €3,905 | -€6,310 | -61.8% |
| Other operating charges | 640/8 | €1,413 | €1,476 | +€63 | +4.5% |
| Gross operating margin | 9900 | €81,278 | €82,656 | +€1,378 | +1.7% |
| Operating profit (loss) | 9901 | €69,649 | €77,274 | +€7,625 | +10.9% |
| Financial income | 75/76B | €215 | €99 | -€116 | -53.9% |
| Recurring financial income | 75 | €215 | €99 | -€116 | -53.9% |
| Financial charges | 65/66B | €3,062 | €2,640 | -€422 | -13.8% |
| Recurring financial charges | 65 | €3,062 | €2,640 | -€422 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €66,802 | €74,734 | +€7,932 | +11.9% |
| Income taxes | 67/77 | €31,557 | €21,850 | -€9,706 | -30.8% |
| Profit (loss) for the period | 9904 | €35,245 | €52,884 | +€17,638 | +50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €35,245 | €52,884 | +€17,638 | +50.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.