STEP BY STEPPE: 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 BY STEPPE
Largest movements
- Receivables within one year -€106,368
down €106,368 (-54.3%), from €195,793 to €89,424
of which Other amounts receivable: -€101,945
- Cash -€2,793
down €2,793 (-76.2%), from €3,665 to €872
mainly Net result for the year (-€66,033) and Tax, wage and social debts (-€26,470)
- Profit (loss) carried forward -€66,033
down €66,033, from €45,948 to -€20,085
- Tax, wage and social debts -€26,470
down €26,470 (-86.7%), from €30,546 to €4,076
of which Taxes: -€30,371
- Debts after one year -€12,782
down €12,782 (-48.8%), from €26,184 to €13,402
- Trade debts -€3,936
down €3,936 (-82.8%), from €4,751 to €815
- Turnover -€148,156
down €148,156 (-91.7%), from €161,643 to €13,488
- Gross operating margin -€82,243
down €82,243, from €42,606 to -€39,637
- Purchases and services -€52,813
down €52,813 (-49.1%), from €107,560 to €54,747
- Staff costs +€23,465
new in 2025: €23,465
- Other operating charges -€3,968
down €3,968 (-90.8%), from €4,367 to €400
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 | €201,296 | €92,646 | -€108,651 | -54.0% |
| Fixed assets | 21/28 | €1,608 | €1,250 | -€359 | -22.3% |
| Tangible fixed assets | 22/27 | €1,608 | €1,250 | -€359 | -22.3% |
| Plant, machinery and equipment | 23 | €345 | €265 | -€80 | -23.1% |
| Furniture and vehicles | 24 | €1,264 | €985 | -€279 | -22.1% |
| Current assets | 29/58 | €199,688 | €91,396 | -€108,292 | -54.2% |
| Amounts receivable within one year | 40/41 | €195,793 | €89,424 | -€106,368 | -54.3% |
| Trade receivables | 40 | €4,423 | - | -€4,423 | |
| Other amounts receivable | 41 | €191,370 | €89,424 | -€101,945 | -53.3% |
| Cash at bank and in hand | 54/58 | €3,665 | €872 | -€2,793 | -76.2% |
| Deferred charges and accrued income | 490/1 | €231 | €1,100 | +€869 | +377.0% |
| Total equity and liabilities | 10/49 | €201,296 | €92,646 | -€108,651 | -54.0% |
| Equity | 10/15 | €127,598 | €61,565 | -€66,033 | -51.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €80,150 | €80,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €150 | €150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €150 | €150 | = | 0.0% |
| Distributable reserves | 133 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,948 | -€20,085 | -€66,033 | |
| Amounts payable | 17/49 | €73,698 | €31,081 | -€42,617 | -57.8% |
| Amounts payable after more than one year | 17 | €26,184 | €13,402 | -€12,782 | -48.8% |
| Financial debts | 170/4 | €26,184 | €13,402 | -€12,782 | -48.8% |
| Amounts payable within one year | 42/48 | €47,487 | €17,672 | -€29,814 | -62.8% |
| Current portion of amounts payable after more than one year | 42 | €12,190 | €12,782 | +€592 | +4.9% |
| Trade debts | 44 | €4,751 | €815 | -€3,936 | -82.8% |
| Suppliers | 440/4 | €4,751 | €815 | -€3,936 | -82.8% |
| Taxes, remuneration and social security | 45 | €30,546 | €4,076 | -€26,470 | -86.7% |
| Taxes | 450/3 | €30,546 | €175 | -€30,371 | -99.4% |
| Remuneration and social security | 454/9 | - | €3,901 | +€3,901 | |
| Accrued charges and deferred income | 492/3 | €27 | €6 | -€21 | -77.5% |
| Turnover | 70 | €161,643 | €13,488 | -€148,156 | -91.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €107,560 | €54,747 | -€52,813 | -49.1% |
| Remuneration, social security and pensions | 62 | - | €23,465 | +€23,465 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €185 | €359 | +€173 | +93.5% |
| Other operating charges | 640/8 | €4,367 | €400 | -€3,968 | -90.8% |
| Gross operating margin | 9900 | €42,606 | -€39,637 | -€82,243 | |
| Operating profit (loss) | 9901 | €38,054 | -€63,860 | -€101,914 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,256 | €2,173 | -€83 | -3.7% |
| Recurring financial charges | 65 | €2,256 | €2,173 | -€83 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €35,798 | -€66,033 | -€101,831 | |
| Profit (loss) for the period | 9904 | €35,798 | -€66,033 | -€101,831 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,798 | -€66,033 | -€101,831 |
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 6 October 2026 via checked.be.