Ina Steegmans: 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.
Ina Steegmans
Largest movements
- Receivables within one year +€9,921
up €9,921 (+10,610%), from €94 to €10,015
of which Other amounts receivable: +€9,534
- Trade debts +€11,596
up €11,596 (+391%), from €2,963 to €14,559
- Tax, wage and social debts -€5,567
down €5,567 (-23.4%), from €23,771 to €18,204
- Profit (loss) carried forward +€2,540
up €2,540 (+2.7%), from €95,787 to €98,327
- Gross operating margin +€63,253
up €63,253 (+96.5%), from €65,530 to €128,783
- Taxes +€14,257
up €14,257 (+108%), from €13,235 to €27,492
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 | €138,482 | €146,090 | +€7,609 | +5.5% |
| Fixed assets | 21/28 | €2,119 | €776 | -€1,343 | -63.4% |
| Tangible fixed assets | 22/27 | €2,119 | €776 | -€1,343 | -63.4% |
| Plant, machinery and equipment | 23 | €1,114 | €769 | -€344 | -30.9% |
| Furniture and vehicles | 24 | €1,006 | €7 | -€999 | -99.3% |
| Current assets | 29/58 | €136,362 | €145,314 | +€8,952 | +6.6% |
| Amounts receivable within one year | 40/41 | €94 | €10,015 | +€9,921 | +10,610% |
| Trade receivables | 40 | €0 | €387 | +€387 | |
| Other amounts receivable | 41 | €94 | €9,627 | +€9,534 | +10,196% |
| Cash at bank and in hand | 54/58 | €135,346 | €134,173 | -€1,173 | -0.9% |
| Deferred charges and accrued income | 490/1 | €923 | €1,126 | +€203 | +22.0% |
| Total equity and liabilities | 10/49 | €138,482 | €146,090 | +€7,609 | +5.5% |
| Equity | 10/15 | €110,787 | €113,327 | +€2,540 | +2.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95,787 | €98,327 | +€2,540 | +2.7% |
| Amounts payable | 17/49 | €27,694 | €32,763 | +€5,069 | +18.3% |
| Amounts payable within one year | 42/48 | €27,694 | €32,763 | +€5,069 | +18.3% |
| Trade debts | 44 | €2,963 | €14,559 | +€11,596 | +391% |
| Suppliers | 440/4 | €2,963 | €14,559 | +€11,596 | +391% |
| Taxes, remuneration and social security | 45 | €23,771 | €18,204 | -€5,567 | -23.4% |
| Taxes | 450/3 | €23,771 | €18,204 | -€5,567 | -23.4% |
| Other amounts payable | 47/48 | €960 | €0 | -€960 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,587 | €1,343 | -€244 | -15.4% |
| Other operating charges | 640/8 | €126 | €527 | +€402 | +319% |
| Gross operating margin | 9900 | €65,530 | €128,783 | +€63,253 | +96.5% |
| Operating profit (loss) | 9901 | €63,817 | €126,912 | +€63,095 | +98.9% |
| Financial income | 75/76B | €0 | €264 | +€264 | |
| Recurring financial income | 75 | €0 | €264 | +€264 | |
| Financial charges | 65/66B | €1,547 | €1,358 | -€190 | -12.2% |
| Recurring financial charges | 65 | €1,547 | €1,358 | -€190 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €62,270 | €125,819 | +€63,548 | +102% |
| Income taxes | 67/77 | €13,235 | €27,492 | +€14,257 | +108% |
| Profit (loss) for the period | 9904 | €49,035 | €98,327 | +€49,292 | +101% |
| Profit (loss) for the period to be appropriated | 9905 | €49,035 | €98,327 | +€49,292 | +101% |
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 26 October 2026 via checked.be.