STEP BELGIUM: 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 BELGIUM
Largest movements
- Cash -€35,902
down €35,902 (-91.2%), from €39,357 to €3,455
mainly Net result for the year (-€311,351) and Tax, wage and social debts (-€17,191)
- Receivables within one year -€35,162
down €35,162 (-90.5%), from €38,862 to €3,700
of which Trade receivables: -€24,838
- Tangible fixed assets -€16,251
down €16,251 (-29.9%), from €54,435 to €38,184
of which Furniture and vehicles: -€12,677
- Deferred charges and accrued income -€11,140
down €11,140 (-50.3%), from €22,129 to €10,989
- Financial fixed assets +€10,000
up €10,000 (+106%), from €9,442 to €19,442
- Profit (loss) carried forward -€311,351
down €311,351 (-49.4%), from -€630,687 to -€942,038
- Debts after one year +€119,212
up €119,212 (+35.5%), from €335,711 to €454,923
- Trade debts +€110,344
up €110,344 (+62.6%), from €176,143 to €286,487
- Short-term financial debts +€23,141
up €23,141 (+11,854%), from €195 to €23,336
of which Credit institutions: +€17,196
- Tax, wage and social debts -€17,191
down €17,191 (-49.9%), from €34,443 to €17,252
of which Remuneration and social security: -€20,477
- Staff costs -€94,471
down €94,471 (-31.3%), from €301,441 to €206,970
- Gross operating margin +€27,607
up €27,607 (+30.7%), from -€90,002 to -€62,394
- Financial charges +€11,781
up €11,781 (+118%), from €10,013 to €21,794
- Other operating charges +€1,878
up €1,878 (+85.3%), from €2,200 to €4,078
- Depreciation +€1,048
up €1,048 (+6.9%), from €15,203 to €16,251
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €230,203 | €143,275 | -€86,927 | -37.8% |
| Fixed assets | 21/28 | €63,877 | €57,626 | -€6,251 | -9.8% |
| Tangible fixed assets | 22/27 | €54,435 | €38,184 | -€16,251 | -29.9% |
| Furniture and vehicles | 24 | €33,678 | €21,001 | -€12,677 | -37.6% |
| Leasing and similar rights | 25 | €7,239 | €5,381 | -€1,858 | -25.7% |
| Other tangible fixed assets | 26 | €13,518 | €11,802 | -€1,716 | -12.7% |
| Financial fixed assets | 28 | €9,442 | €19,442 | +€10,000 | +106% |
| Current assets | 29/58 | €166,326 | €85,650 | -€80,676 | -48.5% |
| Stocks and contracts in progress | 3 | €65,978 | €67,073 | +€1,095 | +1.7% |
| Stocks | 30/36 | €65,978 | €67,073 | +€1,095 | +1.7% |
| Amounts receivable within one year | 40/41 | €38,862 | €3,700 | -€35,162 | -90.5% |
| Trade receivables | 40 | €25,538 | €700 | -€24,838 | -97.3% |
| Other amounts receivable | 41 | €13,324 | €3,000 | -€10,324 | -77.5% |
| Current investments | 50/53 | - | €433 | +€433 | |
| Cash at bank and in hand | 54/58 | €39,357 | €3,455 | -€35,902 | -91.2% |
| Deferred charges and accrued income | 490/1 | €22,129 | €10,989 | -€11,140 | -50.3% |
| Total equity and liabilities | 10/49 | €230,203 | €143,275 | -€86,927 | -37.8% |
| Equity | 10/15 | -€332,862 | -€644,213 | -€311,351 | -93.5% |
| Contributions | 10/11 | €297,825 | €297,825 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€630,687 | -€942,038 | -€311,351 | -49.4% |
| Amounts payable | 17/49 | €563,065 | €787,489 | +€224,424 | +39.9% |
| Amounts payable after more than one year | 17 | €335,711 | €454,923 | +€119,212 | +35.5% |
| Financial debts | 170/4 | €335,711 | €454,923 | +€119,212 | +35.5% |
| Amounts payable within one year | 42/48 | €227,354 | €332,566 | +€105,212 | +46.3% |
| Current portion of amounts payable after more than one year | 42 | €13,820 | €878 | -€12,942 | -93.7% |
| Financial debts | 43 | €195 | €23,336 | +€23,141 | +11,854% |
| Credit institutions | 430/8 | €0 | €17,196 | +€17,196 | |
| Other loans | 439 | €195 | €6,140 | +€5,944 | +3,045% |
| Trade debts | 44 | €176,143 | €286,487 | +€110,344 | +62.6% |
| Suppliers | 440/4 | €176,143 | €286,487 | +€110,344 | +62.6% |
| Taxes, remuneration and social security | 45 | €34,443 | €17,252 | -€17,191 | -49.9% |
| Taxes | 450/3 | €1,928 | €5,213 | +€3,286 | +170% |
| Remuneration and social security | 454/9 | €32,516 | €12,038 | -€20,477 | -63.0% |
| Other amounts payable | 47/48 | €2,753 | €4,613 | +€1,861 | +67.6% |
| Remuneration, social security and pensions | 62 | €301,441 | €206,970 | -€94,471 | -31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,203 | €16,251 | +€1,048 | +6.9% |
| Other operating charges | 640/8 | €2,200 | €4,078 | +€1,878 | +85.3% |
| Gross operating margin | 9900 | -€90,002 | -€62,394 | +€27,607 | +30.7% |
| Operating profit (loss) | 9901 | -€408,846 | -€289,693 | +€119,153 | +29.1% |
| Financial income | 75/76B | €358 | €135 | -€223 | -62.2% |
| Recurring financial income | 75 | €358 | €135 | -€223 | -62.2% |
| Financial charges | 65/66B | €10,013 | €21,794 | +€11,781 | +118% |
| Recurring financial charges | 65 | €10,013 | €21,794 | +€11,781 | +118% |
| Profit (loss) for the period before taxes | 9903 | -€418,500 | -€311,351 | +€107,149 | +25.6% |
| Profit (loss) for the period | 9904 | -€418,500 | -€311,351 | +€107,149 | +25.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€418,500 | -€311,351 | +€107,149 | +25.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.