DR. STEVEN STES: 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.
DR. STEVEN STES
Largest movements
- Cash +€7,947
up €7,947 (+83.0%), from €9,576 to €17,523
mainly Depreciation (+€13,573) and Current portion of long-term debt (+€5,541)
- Deferred charges and accrued income -€4,226
down €4,226 (-39.6%), from €10,660 to €6,434
- Tangible fixed assets +€4,023
up €4,023 (+8.1%), from €49,835 to €53,858
of which Furniture and vehicles: +€13,370
- Current portion of long-term debt +€5,541
up €5,541 (+44.8%), from €12,361 to €17,903
- Profit (loss) carried forward +€5,279
no longer reported in 2025 (was -€5,279)
- Debts after one year -€2,726
down €2,726 (-13.7%), from €19,899 to €17,173
- Trade debts -€1,114
down €1,114 (-65.7%), from €1,697 to €583
- Gross operating margin +€8,542
up €8,542 (+59.7%), from €14,297 to €22,838
- Depreciation +€1,066
up €1,066 (+8.5%), from €12,507 to €13,573
- Taxes +€761
up €761 (+476%), from €160 to €921
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 | €73,570 | €81,313 | +€7,743 | +10.5% |
| Fixed assets | 21/28 | €53,334 | €57,357 | +€4,023 | +7.5% |
| Tangible fixed assets | 22/27 | €49,835 | €53,858 | +€4,023 | +8.1% |
| Land and buildings | 22 | €4,353 | €3,155 | -€1,198 | -27.5% |
| Furniture and vehicles | 24 | €4,735 | €18,105 | +€13,370 | +282% |
| Other tangible fixed assets | 26 | €40,747 | €32,598 | -€8,150 | -20.0% |
| Financial fixed assets | 28 | €3,499 | €3,499 | = | 0.0% |
| Current assets | 29/58 | €20,236 | €23,956 | +€3,721 | +18.4% |
| Cash at bank and in hand | 54/58 | €9,576 | €17,523 | +€7,947 | +83.0% |
| Deferred charges and accrued income | 490/1 | €10,660 | €6,434 | -€4,226 | -39.6% |
| Total equity and liabilities | 10/49 | €73,570 | €81,313 | +€7,743 | +10.5% |
| Equity | 10/15 | €33,316 | €38,826 | +€5,510 | +16.5% |
| Reserves | 13 | €38,594 | €38,826 | +€232 | +0.6% |
| Distributable reserves | 133 | €38,594 | €38,826 | +€232 | +0.6% |
| Profit (loss) carried forward | 14 | -€5,279 | - | +€5,279 | |
| Amounts payable | 17/49 | €40,254 | €42,487 | +€2,233 | +5.5% |
| Amounts payable after more than one year | 17 | €19,899 | €17,173 | -€2,726 | -13.7% |
| Financial debts | 170/4 | €19,899 | €17,173 | -€2,726 | -13.7% |
| Amounts payable within one year | 42/48 | €20,355 | €25,314 | +€4,959 | +24.4% |
| Current portion of amounts payable after more than one year | 42 | €12,361 | €17,903 | +€5,541 | +44.8% |
| Trade debts | 44 | €1,697 | €583 | -€1,114 | -65.7% |
| Suppliers | 440/4 | €1,697 | €583 | -€1,114 | -65.7% |
| Taxes, remuneration and social security | 45 | €160 | €948 | +€788 | +493% |
| Taxes | 450/3 | €160 | €948 | +€788 | +493% |
| Other amounts payable | 47/48 | €6,137 | €5,880 | -€257 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,507 | €13,573 | +€1,066 | +8.5% |
| Other operating charges | 640/8 | €887 | €908 | +€21 | +2.4% |
| Gross operating margin | 9900 | €14,297 | €22,838 | +€8,542 | +59.7% |
| Operating profit (loss) | 9901 | €902 | €8,357 | +€7,454 | +826% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €2,108 | €1,925 | -€183 | -8.7% |
| Recurring financial charges | 65 | €2,108 | €1,925 | -€183 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,201 | €6,432 | +€7,633 | |
| Income taxes | 67/77 | €160 | €921 | +€761 | +476% |
| Profit (loss) for the period | 9904 | -€1,361 | €5,510 | +€6,871 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,361 | €5,510 | +€6,871 |
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 19 October 2026 via checked.be.