STEP: 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.
STEP
Largest movements
- Tangible fixed assets -€11,831
down €11,831 (-5.3%), from €223,895 to €212,064
of which Land and buildings: -€9,385
- Cash -€3,205
down €3,205 (-67.6%), from €4,738 to €1,533
mainly Other debts (-€24,589) and Debts after one year (-€18,491)
- Profit (loss) carried forward +€27,235
up €27,235 (+66.2%), from €41,136 to €68,371
- Other debts -€24,589
down €24,589 (-54.4%), from €45,178 to €20,589
- Debts after one year -€18,491
down €18,491 (-15.9%), from €116,522 to €98,031
- Trade debts +€5,777
up €5,777 (+1147.7%), from €503 to €6,280
- Tax, wage and social debts -€4,348
down €4,348 (-45.1%), from €9,648 to €5,301
- Gross operating margin +€7,125
up €7,125 (+14.1%), from €50,401 to €57,526
- Taxes +€1,215
up €1,215 (+20.2%), from €6,000 to €7,215
- Depreciation +€591
up €591 (+4.4%), from €13,285 to €13,876
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 | €243,275 | €227,300 | -€15,975 | -6.6% |
| Fixed assets | 21/28 | €223,895 | €212,064 | -€11,831 | -5.3% |
| Tangible fixed assets | 22/27 | €223,895 | €212,064 | -€11,831 | -5.3% |
| Land and buildings | 22 | €208,786 | €199,401 | -€9,385 | -4.5% |
| Furniture and vehicles | 24 | €15,108 | €12,663 | -€2,446 | -16.2% |
| Current assets | 29/58 | €19,380 | €15,236 | -€4,144 | -21.4% |
| Amounts receivable within one year | 40/41 | €14,556 | €12,589 | -€1,966 | -13.5% |
| Trade receivables | 40 | €14,556 | €10,885 | -€3,671 | -25.2% |
| Other amounts receivable | 41 | - | €1,704 | +€1,704 | |
| Cash at bank and in hand | 54/58 | €4,738 | €1,533 | -€3,205 | -67.6% |
| Deferred charges and accrued income | 490/1 | €86 | €1,114 | +€1,028 | +1192.1% |
| Total equity and liabilities | 10/49 | €243,275 | €227,300 | -€15,975 | -6.6% |
| Equity | 10/15 | €42,386 | €69,621 | +€27,235 | +64.3% |
| Contributions | 10/11 | €1,250 | €1,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,136 | €68,371 | +€27,235 | +66.2% |
| Amounts payable | 17/49 | €200,889 | €157,679 | -€43,210 | -21.5% |
| Amounts payable after more than one year | 17 | €116,522 | €98,031 | -€18,491 | -15.9% |
| Financial debts | 170/4 | €116,522 | €98,031 | -€18,491 | -15.9% |
| Amounts payable within one year | 42/48 | €73,465 | €50,645 | -€22,820 | -31.1% |
| Current portion of amounts payable after more than one year | 42 | €18,135 | €18,476 | +€340 | +1.9% |
| Trade debts | 44 | €503 | €6,280 | +€5,777 | +1147.7% |
| Suppliers | 440/4 | €503 | €6,280 | +€5,777 | +1147.7% |
| Taxes, remuneration and social security | 45 | €9,648 | €5,301 | -€4,348 | -45.1% |
| Taxes | 450/3 | €9,648 | €5,301 | -€4,348 | -45.1% |
| Other amounts payable | 47/48 | €45,178 | €20,589 | -€24,589 | -54.4% |
| Accrued charges and deferred income | 492/3 | €10,902 | €9,002 | -€1,899 | -17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,285 | €13,876 | +€591 | +4.4% |
| Other operating charges | 640/8 | €2,717 | €2,827 | +€110 | +4.1% |
| Gross operating margin | 9900 | €50,401 | €57,526 | +€7,125 | +14.1% |
| Operating profit (loss) | 9901 | €34,399 | €40,823 | +€6,424 | +18.7% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €6,323 | €6,383 | +€59 | +0.9% |
| Recurring financial charges | 65 | €6,323 | €6,383 | +€59 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €28,076 | €34,451 | +€6,375 | +22.7% |
| Income taxes | 67/77 | €6,000 | €7,215 | +€1,215 | +20.2% |
| Profit (loss) for the period | 9904 | €22,076 | €27,235 | +€5,160 | +23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,076 | €27,235 | +€5,160 | +23.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.