STEEP ROCK: 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.
STEEP ROCK
Largest movements
- Cash +€32,076
up €32,076 (+50.5%), from €63,569 to €95,645
mainly Net result for the year (+€33,511) and Receivables within one year (+€9,396)
- Tangible fixed assets +€9,893
new in 2025: €9,893
of which Furniture and vehicles: +€7,513
- Receivables within one year -€9,396
down €9,396 (-38.2%), from €24,608 to €15,212
of which Trade receivables: -€10,292
- Reserves +€34,000
up €34,000 (+58.6%), from €58,000 to €92,000
- Tax, wage and social debts -€3,618
down €3,618 (-12.8%), from €28,210 to €24,592
- Trade debts +€2,185
new in 2025: €2,185
- Gross operating margin -€28,529
down €28,529 (-38.0%), from €74,993 to €46,464
- Taxes -€5,667
down €5,667 (-36.7%), from €15,450 to €9,783
- Depreciation +€1,555
new in 2025: €1,555
- Financial charges +€891
up €891 (+640.9%), from €139 to €1,030
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 | €88,177 | €120,750 | +€32,573 | +36.9% |
| Fixed assets | 21/28 | - | €9,893 | +€9,893 | |
| Tangible fixed assets | 22/27 | - | €9,893 | +€9,893 | |
| Plant, machinery and equipment | 23 | - | €2,380 | +€2,380 | |
| Furniture and vehicles | 24 | - | €7,513 | +€7,513 | |
| Current assets | 29/58 | €88,177 | €110,857 | +€22,680 | +25.7% |
| Amounts receivable within one year | 40/41 | €24,608 | €15,212 | -€9,396 | -38.2% |
| Trade receivables | 40 | €22,510 | €12,218 | -€10,292 | -45.7% |
| Other amounts receivable | 41 | €2,098 | €2,994 | +€896 | +42.7% |
| Cash at bank and in hand | 54/58 | €63,569 | €95,645 | +€32,076 | +50.5% |
| Total equity and liabilities | 10/49 | €88,177 | €120,750 | +€32,573 | +36.9% |
| Equity | 10/15 | €59,966 | €93,478 | +€33,511 | +55.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €58,000 | €92,000 | +€34,000 | +58.6% |
| Distributable reserves | 133 | €58,000 | €92,000 | +€34,000 | +58.6% |
| Profit (loss) carried forward | 14 | €966 | €478 | -€489 | -50.6% |
| Amounts payable | 17/49 | €28,210 | €27,272 | -€938 | -3.3% |
| Amounts payable within one year | 42/48 | €28,210 | €26,777 | -€1,433 | -5.1% |
| Trade debts | 44 | - | €2,185 | +€2,185 | |
| Suppliers | 440/4 | - | €2,185 | +€2,185 | |
| Taxes, remuneration and social security | 45 | €28,210 | €24,592 | -€3,618 | -12.8% |
| Taxes | 450/3 | €28,210 | €24,592 | -€3,618 | -12.8% |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Accrued charges and deferred income | 492/3 | - | €495 | +€495 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,555 | +€1,555 | |
| Other operating charges | 640/8 | €437 | €585 | +€147 | +33.7% |
| Gross operating margin | 9900 | €74,993 | €46,464 | -€28,529 | -38.0% |
| Operating profit (loss) | 9901 | €74,555 | €44,324 | -€30,231 | -40.5% |
| Financial charges | 65/66B | €139 | €1,030 | +€891 | +640.9% |
| Recurring financial charges | 65 | €139 | €1,030 | +€891 | +640.9% |
| Profit (loss) for the period before taxes | 9903 | €74,416 | €43,294 | -€31,122 | -41.8% |
| Income taxes | 67/77 | €15,450 | €9,783 | -€5,667 | -36.7% |
| Profit (loss) for the period | 9904 | €58,966 | €33,511 | -€25,455 | -43.2% |
| Profit (loss) for the period to be appropriated | 9905 | €58,966 | €33,511 | -€25,455 | -43.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.