John Steininger: 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.
John Steininger
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€23,646
up €23,646 (+148.6%), from €15,917 to €39,563
- Reserves +€20,000
up €20,000 (+46.6%), from €42,959 to €62,959
of which Distributable reserves: +€20,000
- Debts after one year -€17,397
down €17,397 (-2.5%), from €709,249 to €691,852
of which Financial debts: -€17,397
- Gross operating margin +€35,055
up €35,055 (+88.2%), from €39,736 to €74,791
- Depreciation -€7,925
down €7,925 (-49.3%), from €16,077 to €8,152
- Taxes +€6,529
up €6,529 (+44.9%), from €14,554 to €21,083
- Financial charges +€2,484
up €2,484 (+40.3%), from €6,160 to €8,644
- Other operating charges -€1,046
down €1,046 (-51.0%), from €2,050 to €1,004
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 | €789,259 | €808,835 | +€19,576 | +2.5% |
| Fixed assets | 21/28 | €704,090 | €710,459 | +€6,369 | +0.9% |
| Tangible fixed assets | 22/27 | €654,090 | €660,459 | +€6,369 | +1.0% |
| Land and buildings | 22 | €568,980 | €581,187 | +€12,207 | +2.1% |
| Furniture and vehicles | 24 | €3,240 | €4,569 | +€1,329 | +41.0% |
| Other tangible fixed assets | 26 | €65,810 | €58,643 | -€7,167 | -10.9% |
| Assets under construction and advance payments | 27 | €16,060 | €16,060 | = | 0.0% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €85,169 | €98,376 | +€13,207 | +15.5% |
| Amounts receivable within one year | 40/41 | €84,959 | €90,644 | +€5,685 | +6.7% |
| Trade receivables | 40 | €25,410 | €26,101 | +€691 | +2.7% |
| Other amounts receivable | 41 | €59,549 | €64,543 | +€4,994 | +8.4% |
| Cash at bank and in hand | 54/58 | €13 | €7,732 | +€7,719 | +59376.9% |
| Deferred charges and accrued income | 490/1 | €197 | - | -€197 | |
| Total equity and liabilities | 10/49 | €789,259 | €808,835 | +€19,576 | +2.5% |
| Equity | 10/15 | €19,209 | €39,855 | +€20,646 | +107.5% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €42,959 | €62,959 | +€20,000 | +46.6% |
| Tax-exempt reserves | 132 | €14,888 | €14,888 | = | 0.0% |
| Distributable reserves | 133 | €28,071 | €48,071 | +€20,000 | +71.2% |
| Profit (loss) carried forward | 14 | -€23,850 | -€23,204 | +€646 | +2.7% |
| Amounts payable | 17/49 | €770,050 | €768,980 | -€1,070 | -0.1% |
| Amounts payable after more than one year | 17 | €709,249 | €691,852 | -€17,397 | -2.5% |
| Financial debts | 170/4 | €369,249 | €351,852 | -€17,397 | -4.7% |
| Other amounts payable | 178/9 | €340,000 | €340,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €60,801 | €77,128 | +€16,327 | +26.9% |
| Current portion of amounts payable after more than one year | 42 | €25,218 | €20,755 | -€4,463 | -17.7% |
| Financial debts | 43 | €917 | €2,169 | +€1,252 | +136.5% |
| Credit institutions | 430/8 | €917 | €2,169 | +€1,252 | +136.5% |
| Trade debts | 44 | €11,053 | €7,395 | -€3,658 | -33.1% |
| Suppliers | 440/4 | €11,053 | €7,395 | -€3,658 | -33.1% |
| Taxes, remuneration and social security | 45 | €7,696 | €7,246 | -€450 | -5.8% |
| Taxes | 450/3 | €7,696 | €7,246 | -€450 | -5.8% |
| Other amounts payable | 47/48 | €15,917 | €39,563 | +€23,646 | +148.6% |
| Non-recurring operating income | 76A | - | €27,470 | +€27,470 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,077 | €8,152 | -€7,925 | -49.3% |
| Other operating charges | 640/8 | €2,050 | €1,004 | -€1,046 | -51.0% |
| Non-recurring operating charges | 66A | - | €15,262 | +€15,262 | |
| Gross operating margin | 9900 | €39,736 | €74,791 | +€35,055 | +88.2% |
| Operating profit (loss) | 9901 | €21,609 | €50,373 | +€28,764 | +133.1% |
| Financial charges | 65/66B | €6,160 | €8,644 | +€2,484 | +40.3% |
| Recurring financial charges | 65 | €6,160 | €8,644 | +€2,484 | +40.3% |
| Profit (loss) for the period before taxes | 9903 | €15,449 | €41,729 | +€26,280 | +170.1% |
| Income taxes | 67/77 | €14,554 | €21,083 | +€6,529 | +44.9% |
| Profit (loss) for the period | 9904 | €895 | €20,646 | +€19,751 | +2206.8% |
| Profit (loss) for the period to be appropriated | 9905 | €895 | €20,646 | +€19,751 | +2206.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.