Just 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.
Just Steph
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Financial fixed assets +€20,000
up €20,000 (+13.3%), from €150,000 to €170,000
- Cash -€19,225
down €19,225 (-47.9%), from €40,114 to €20,889
mainly Current investments (-€100,000) and Investment in fixed assets (net) (-€20,000)
- Reserves +€88,534
up €88,534 (+51.2%), from €173,078 to €261,612
- Tax, wage and social debts +€19,746
up €19,746 (+147.5%), from €13,388 to €33,134
- Debts after one year -€9,987
down €9,987 (-32.1%), from €31,071 to €21,084
- Other debts +€3,799
up €3,799 (+63.9%), from €5,942 to €9,741
- Gross operating margin -€107,434
down €107,434 (-46.9%), from €229,027 to €121,593
- Taxes -€20,511
down €20,511 (-39.8%), from €51,500 to €30,989
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 | €241,574 | €343,317 | +€101,743 | +42.1% |
| Fixed assets | 21/28 | €150,000 | €170,000 | +€20,000 | +13.3% |
| Financial fixed assets | 28 | €150,000 | €170,000 | +€20,000 | +13.3% |
| Current assets | 29/58 | €91,574 | €173,317 | +€81,743 | +89.3% |
| Amounts receivable within one year | 40/41 | €51,000 | €51,694 | +€694 | +1.4% |
| Trade receivables | 40 | €51,000 | €51,694 | +€694 | +1.4% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €40,114 | €20,889 | -€19,225 | -47.9% |
| Deferred charges and accrued income | 490/1 | €461 | €734 | +€274 | +59.5% |
| Total equity and liabilities | 10/49 | €241,574 | €343,317 | +€101,743 | +42.1% |
| Equity | 10/15 | €178,078 | €266,612 | +€88,534 | +49.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €173,078 | €261,612 | +€88,534 | +51.2% |
| Distributable reserves | 133 | €173,078 | €261,612 | +€88,534 | +51.2% |
| Amounts payable | 17/49 | €63,497 | €76,705 | +€13,209 | +20.8% |
| Amounts payable after more than one year | 17 | €31,071 | €21,084 | -€9,987 | -32.1% |
| Financial debts | 170/4 | €31,071 | €21,084 | -€9,987 | -32.1% |
| Amounts payable within one year | 42/48 | €32,426 | €55,622 | +€23,196 | +71.5% |
| Current portion of amounts payable after more than one year | 42 | €9,635 | €9,987 | +€353 | +3.7% |
| Trade debts | 44 | €3,460 | €2,760 | -€701 | -20.2% |
| Suppliers | 440/4 | €3,460 | €2,760 | -€701 | -20.2% |
| Taxes, remuneration and social security | 45 | €13,388 | €33,134 | +€19,746 | +147.5% |
| Taxes | 450/3 | €13,388 | €33,134 | +€19,746 | +147.5% |
| Other amounts payable | 47/48 | €5,942 | €9,741 | +€3,799 | +63.9% |
| Other operating charges | 640/8 | €890 | €520 | -€370 | -41.6% |
| Gross operating margin | 9900 | €229,027 | €121,593 | -€107,434 | -46.9% |
| Operating profit (loss) | 9901 | €228,137 | €121,073 | -€107,064 | -46.9% |
| Financial income | 75/76B | - | €140 | +€140 | |
| Recurring financial income | 75 | - | €140 | +€140 | |
| Financial charges | 65/66B | €3,559 | €1,690 | -€1,869 | -52.5% |
| Recurring financial charges | 65 | €3,559 | €1,690 | -€1,869 | -52.5% |
| Profit (loss) for the period before taxes | 9903 | €224,578 | €119,523 | -€105,054 | -46.8% |
| Income taxes | 67/77 | €51,500 | €30,989 | -€20,511 | -39.8% |
| Profit (loss) for the period | 9904 | €173,078 | €88,534 | -€84,543 | -48.8% |
| Profit (loss) for the period to be appropriated | 9905 | €173,078 | €88,534 | -€84,543 | -48.8% |
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 11 October 2026 via checked.be.