STEP+: 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.
STEP+
Largest movements
- Receivables within one year +€104,507
up €104,507 (+54.1%), from €193,196 to €297,703
of which Trade receivables: +€107,439
- Trade debts +€49,407
up €49,407 (+52.5%), from €94,074 to €143,481
- Other debts +€32,367
up €32,367 (+20.8%), from €155,792 to €188,159
- Tax, wage and social debts +€22,643
up €22,643 (+75.3%), from €30,075 to €52,718
- Debts after one year -€18,900
down €18,900 (-22.3%), from €84,724 to €65,824
- Reserves +€14,230
up €14,230 (+5.3%), from €266,109 to €280,339
- Gross operating margin -€45,267
down €45,267 (-67.9%), from €66,622 to €21,355
- Taxes -€11,839
down €11,839 (-65.7%), from €18,019 to €6,181
- Depreciation -€4,413
down €4,413 (-100%), from €4,413 to €0
- Other operating charges -€668
down €668 (-54.1%), from €1,234 to €566
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 | €980,913 | €1,080,659 | +€99,746 | +10.2% |
| Fixed assets | 21/28 | €755,000 | €755,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €755,000 | €755,000 | = | 0.0% |
| Current assets | 29/58 | €225,913 | €325,659 | +€99,746 | +44.2% |
| Amounts receivable within one year | 40/41 | €193,196 | €297,703 | +€104,507 | +54.1% |
| Trade receivables | 40 | €190,264 | €297,703 | +€107,439 | +56.5% |
| Other amounts receivable | 41 | €2,932 | €0 | -€2,932 | -100% |
| Cash at bank and in hand | 54/58 | €32,717 | €27,957 | -€4,761 | -14.6% |
| Total equity and liabilities | 10/49 | €980,913 | €1,080,659 | +€99,746 | +10.2% |
| Equity | 10/15 | €616,248 | €630,478 | +€14,230 | +2.3% |
| Contributions | 10/11 | €205,000 | €205,000 | = | 0.0% |
| Reserves | 13 | €266,109 | €280,339 | +€14,230 | +5.3% |
| Distributable reserves | 133 | €266,109 | €280,339 | +€14,230 | +5.3% |
| Profit (loss) carried forward | 14 | €145,139 | €145,139 | = | 0.0% |
| Amounts payable | 17/49 | €364,665 | €450,181 | +€85,517 | +23.5% |
| Amounts payable after more than one year | 17 | €84,724 | €65,824 | -€18,900 | -22.3% |
| Other amounts payable | 178/9 | €84,724 | €65,824 | -€18,900 | -22.3% |
| Amounts payable within one year | 42/48 | €279,941 | €384,357 | +€104,417 | +37.3% |
| Trade debts | 44 | €94,074 | €143,481 | +€49,407 | +52.5% |
| Suppliers | 440/4 | €94,074 | €143,481 | +€49,407 | +52.5% |
| Taxes, remuneration and social security | 45 | €30,075 | €52,718 | +€22,643 | +75.3% |
| Taxes | 450/3 | €30,075 | €52,718 | +€22,643 | +75.3% |
| Other amounts payable | 47/48 | €155,792 | €188,159 | +€32,367 | +20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,413 | €0 | -€4,413 | -100% |
| Other operating charges | 640/8 | €1,234 | €566 | -€668 | -54.1% |
| Gross operating margin | 9900 | €66,622 | €21,355 | -€45,267 | -67.9% |
| Operating profit (loss) | 9901 | €60,976 | €20,789 | -€40,187 | -65.9% |
| Financial income | 75/76B | €0 | €5 | +€5 | |
| Recurring financial income | 75 | €0 | €5 | +€5 | |
| Financial charges | 65/66B | €8 | €383 | +€375 | +4,732% |
| Recurring financial charges | 65 | €8 | €383 | +€375 | +4,732% |
| Profit (loss) for the period before taxes | 9903 | €60,968 | €20,410 | -€40,558 | -66.5% |
| Income taxes | 67/77 | €18,019 | €6,181 | -€11,839 | -65.7% |
| Profit (loss) for the period | 9904 | €42,949 | €14,230 | -€28,719 | -66.9% |
| Profit (loss) for the period to be appropriated | 9905 | €42,949 | €14,230 | -€28,719 | -66.9% |
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 18 October 2026 via checked.be.