STeer&LeadWisE: 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.
STeer&LeadWisE
Largest movements
- Cash +€275,781
up €275,781 (+170.5%), from €161,736 to €437,517
mainly Other debts (+€151,662) and Net result for the year (+€109,427)
- Deferred charges and accrued income +€12,364
up €12,364 (+13.6%), from €91,015 to €103,379
- Other debts +€151,662
up €151,662 (+38266.5%), from €396 to €152,058
- Profit (loss) carried forward +€109,427
up €109,427 (+272.1%), from €40,217 to €149,643
- Tax, wage and social debts +€26,483
up €26,483 (+29.4%), from €90,046 to €116,529
of which Taxes: +€26,483
- Financial charges +€151,682
up €151,682 (+5165.9%), from €2,936 to €154,619
- Taxes -€40,850
down €40,850 (-57.0%), from €71,637 to €30,787
- Gross operating margin +€24,399
up €24,399 (+9.0%), from €270,625 to €295,025
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 | €290,759 | €578,917 | +€288,158 | +99.1% |
| Fixed assets | 21/28 | €1,991 | €442 | -€1,549 | -77.8% |
| Tangible fixed assets | 22/27 | €1,991 | €442 | -€1,549 | -77.8% |
| Furniture and vehicles | 24 | €1,991 | €442 | -€1,549 | -77.8% |
| Current assets | 29/58 | €288,767 | €578,474 | +€289,707 | +100.3% |
| Amounts receivable within one year | 40/41 | €36,017 | €37,578 | +€1,561 | +4.3% |
| Trade receivables | 40 | €36,017 | €37,578 | +€1,561 | +4.3% |
| Cash at bank and in hand | 54/58 | €161,736 | €437,517 | +€275,781 | +170.5% |
| Deferred charges and accrued income | 490/1 | €91,015 | €103,379 | +€12,364 | +13.6% |
| Total equity and liabilities | 10/49 | €290,759 | €578,917 | +€288,158 | +99.1% |
| Equity | 10/15 | €197,947 | €307,373 | +€109,427 | +55.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Outside capital | 11 | €3,000 | €3,000 | = | 0.0% |
| Share premium | 1100/10 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €154,730 | €154,730 | = | 0.0% |
| Tax-exempt reserves | 132 | €54,730 | €54,730 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,217 | €149,643 | +€109,427 | +272.1% |
| Amounts payable | 17/49 | €92,812 | €271,543 | +€178,732 | +192.6% |
| Amounts payable within one year | 42/48 | €92,812 | €271,443 | +€178,632 | +192.5% |
| Trade debts | 44 | €2,369 | €2,856 | +€487 | +20.6% |
| Suppliers | 440/4 | €2,369 | €2,856 | +€487 | +20.6% |
| Taxes, remuneration and social security | 45 | €90,046 | €116,529 | +€26,483 | +29.4% |
| Taxes | 450/3 | €84,762 | €111,245 | +€26,483 | +31.2% |
| Remuneration and social security | 454/9 | €5,284 | €5,284 | = | 0.0% |
| Other amounts payable | 47/48 | €396 | €152,058 | +€151,662 | +38266.5% |
| Accrued charges and deferred income | 492/3 | - | €100 | +€100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,106 | €1,549 | +€443 | +40.0% |
| Other operating charges | 640/8 | €149 | €106 | -€43 | -28.9% |
| Gross operating margin | 9900 | €270,625 | €295,025 | +€24,399 | +9.0% |
| Operating profit (loss) | 9901 | €269,370 | €293,370 | +€24,000 | +8.9% |
| Financial income | 75/76B | €150 | €1,463 | +€1,313 | +874.4% |
| Recurring financial income | 75 | €150 | €1,463 | +€1,313 | +874.4% |
| Financial charges | 65/66B | €2,936 | €154,619 | +€151,682 | +5165.9% |
| Recurring financial charges | 65 | €2,936 | €154,619 | +€151,682 | +5165.9% |
| Profit (loss) for the period before taxes | 9903 | €266,584 | €140,214 | -€126,370 | -47.4% |
| Income taxes | 67/77 | €71,637 | €30,787 | -€40,850 | -57.0% |
| Profit (loss) for the period | 9904 | €194,947 | €109,427 | -€85,520 | -43.9% |
| Transfer to tax-exempt reserves | 689 | €54,730 | - | -€54,730 | |
| Profit (loss) for the period to be appropriated | 9905 | €140,217 | €109,427 | -€30,790 | -22.0% |
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 5 October 2026 via checked.be.