STEP CONSEIL: 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 CONSEIL
Largest movements
- Receivables within one year -€105,803
down €105,803 (-17.3%), from €611,716 to €505,913
of which Other amounts receivable: -€142,032
- Tangible fixed assets -€79,453
down €79,453 (-10.6%), from €746,512 to €667,059
of which Land and buildings: -€67,016
- Cash -€48,622
down €48,622 (-70.8%), from €68,705 to €20,083
mainly Debts within one year (-€205,214) and Receivables after one year (-€34,905)
- Receivables after one year +€34,905
up €34,905 (+36769.3%), from €95 to €35,000
- Debts within one year -€205,214
down €205,214 (-32.1%), from €639,022 to €433,808
- Provisions +€36,856
up €36,856 (+32.6%), from €113,144 to €150,000
- Accrued charges and deferred income -€24,034
down €24,034 (-100.0%), from €24,034 to €0
- Staff costs +€249,818
up €249,818 (+39.9%), from €626,882 to €876,700
- Gross operating margin +€217,763
up €217,763 (+26.9%), from €808,459 to €1.0m
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 | €1,477,660 | €1,270,947 | -€206,713 | -14.0% |
| Formation expenses | 20 | €8,589 | €7,873 | -€716 | -8.3% |
| Fixed assets | 21/28 | €787,048 | €701,294 | -€85,754 | -10.9% |
| Intangible fixed assets | 21 | €10,837 | €3,733 | -€7,103 | -65.5% |
| Tangible fixed assets | 22/27 | €746,512 | €667,059 | -€79,453 | -10.6% |
| Land and buildings | 22 | €675,403 | €608,387 | -€67,016 | -9.9% |
| Plant, machinery and equipment | 23 | €29,367 | €24,503 | -€4,864 | -16.6% |
| Furniture and vehicles | 24 | €41,742 | €34,168 | -€7,573 | -18.1% |
| Financial fixed assets | 28 | €29,700 | €30,502 | +€802 | +2.7% |
| Current assets | 29/58 | €682,022 | €561,779 | -€120,243 | -17.6% |
| Amounts receivable after more than one year | 29 | €95 | €35,000 | +€34,905 | +36769.3% |
| Other amounts receivable | 291 | €95 | €35,000 | +€34,905 | +36769.3% |
| Amounts receivable within one year | 40/41 | €611,716 | €505,913 | -€105,803 | -17.3% |
| Trade receivables | 40 | €136,132 | €172,361 | +€36,229 | +26.6% |
| Other amounts receivable | 41 | €475,584 | €333,552 | -€142,032 | -29.9% |
| Cash at bank and in hand | 54/58 | €68,705 | €20,083 | -€48,622 | -70.8% |
| Deferred charges and accrued income | 490/1 | €1,507 | €784 | -€723 | -48.0% |
| Total equity and liabilities | 10/49 | €1,477,660 | €1,270,947 | -€206,713 | -14.0% |
| Equity | 10/15 | €701,460 | €687,138 | -€14,321 | -2.0% |
| Reserves | 13 | €249,352 | €249,352 | = | 0.0% |
| Profit (loss) carried forward | 14 | €447,479 | €436,315 | -€11,165 | -2.5% |
| Investment grants | 15 | €4,628 | €1,471 | -€3,157 | -68.2% |
| Provisions and deferred taxes | 16 | €113,144 | €150,000 | +€36,856 | +32.6% |
| Provisions for liabilities and charges | 160/5 | €113,144 | €150,000 | +€36,856 | +32.6% |
| Environmental obligations | 163 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €113,144 | €150,000 | +€36,856 | +32.6% |
| Amounts payable | 17/49 | €663,056 | €433,808 | -€229,248 | -34.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €639,022 | €433,808 | -€205,214 | -32.1% |
| Trade debts | 44 | €137,675 | €58,678 | -€78,998 | -57.4% |
| Suppliers | 440/4 | €137,675 | €58,678 | -€78,998 | -57.4% |
| Taxes, remuneration and social security | 45 | €83,647 | €144,283 | +€60,637 | +72.5% |
| Taxes | 450/3 | €15,203 | €14,804 | -€399 | -2.6% |
| Remuneration and social security | 454/9 | €68,444 | €129,480 | +€61,036 | +89.2% |
| Accrued charges and deferred income | 492/3 | €24,034 | €0 | -€24,034 | -100.0% |
| Non-recurring operating income | 76A | €25,103 | €0 | -€25,103 | -100.0% |
| Remuneration, social security and pensions | 62 | €626,882 | €876,700 | +€249,818 | +39.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,013 | €99,384 | +€7,371 | +8.0% |
| Other operating charges | 640/8 | €2,305 | €971 | -€1,334 | -57.9% |
| Non-recurring operating charges | 66A | €116,500 | €21,249 | -€95,251 | -81.8% |
| Gross operating margin | 9900 | €808,459 | €1,026,223 | +€217,763 | +26.9% |
| Operating profit (loss) | 9901 | -€29,499 | -€8,936 | +€20,563 | +69.7% |
| Financial income | 75/76B | €3,946 | €3,384 | -€561 | -14.2% |
| Recurring financial income | 75 | €3,946 | €3,384 | -€561 | -14.2% |
| Financial charges | 65/66B | €1,136 | €3,963 | +€2,827 | +249.0% |
| Recurring financial charges | 65 | €416 | €273 | -€143 | -34.3% |
| Non-recurring financial charges | 66B | €720 | €3,690 | +€2,970 | +412.5% |
| Profit (loss) for the period before taxes | 9903 | -€26,689 | -€9,515 | +€17,174 | +64.3% |
| Income taxes | 67/77 | €182 | €1,650 | +€1,468 | +808.4% |
| Profit (loss) for the period | 9904 | -€26,871 | -€11,165 | +€15,706 | +58.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,871 | -€11,165 | +€15,706 | +58.5% |
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 9 October 2026 via checked.be.