STEP SOLUTIONS: 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 SOLUTIONS
Largest movements
- Cash +€181,545
up €181,545 (+69.2%), from €262,500 to €444,045
mainly Depreciation (+€158,416) and Net result for the year (+€115,063)
- Tangible fixed assets -€121,167
down €121,167 (-14.1%), from €858,719 to €737,553
of which Furniture and vehicles: -€71,316
- Stocks and contracts +€59,858
up €59,858 (+62.1%), from €96,429 to €156,287
- Receivables within one year -€47,916
down €47,916 (-7.6%), from €630,014 to €582,097
of which Trade receivables: -€50,315
- Debts after one year -€158,717
down €158,717 (-38.8%), from €408,842 to €250,125
- Trade debts +€105,245
up €105,245 (+72.0%), from €146,072 to €251,317
- Other debts +€50,000
up €50,000 (+100.0%), from €50,000 to €100,000
- Reserves +€33,680
up €33,680 (+45.8%), from €73,520 to €107,200
of which Tax-exempt reserves: +€33,680
- Profit (loss) carried forward +€31,383
up €31,383 (+5.2%), from €601,054 to €632,437
- Staff costs +€40,051
up €40,051 (+6.3%), from €637,937 to €677,988
- Gross operating margin -€21,537
down €21,537 (-2.1%), from €1.0m to €1.0m
- Taxes -€14,386
down €14,386 (-23.9%), from €60,181 to €45,796
- Depreciation +€13,069
up €13,069 (+9.0%), from €145,347 to €158,416
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 | €1,852,299 | €1,928,413 | +€76,114 | +4.1% |
| Fixed assets | 21/28 | €859,748 | €738,582 | -€121,167 | -14.1% |
| Tangible fixed assets | 22/27 | €858,719 | €737,553 | -€121,167 | -14.1% |
| Land and buildings | 22 | €570,624 | €524,248 | -€46,376 | -8.1% |
| Plant, machinery and equipment | 23 | €28,888 | €25,413 | -€3,474 | -12.0% |
| Furniture and vehicles | 24 | €259,207 | €187,891 | -€71,316 | -27.5% |
| Financial fixed assets | 28 | €1,029 | €1,029 | = | 0.0% |
| Current assets | 29/58 | €992,551 | €1,189,832 | +€197,281 | +19.9% |
| Stocks and contracts in progress | 3 | €96,429 | €156,287 | +€59,858 | +62.1% |
| Stocks | 30/36 | €96,429 | €156,287 | +€59,858 | +62.1% |
| Amounts receivable within one year | 40/41 | €630,014 | €582,097 | -€47,916 | -7.6% |
| Trade receivables | 40 | €618,105 | €567,790 | -€50,315 | -8.1% |
| Other amounts receivable | 41 | €11,908 | €14,308 | +€2,399 | +20.1% |
| Cash at bank and in hand | 54/58 | €262,500 | €444,045 | +€181,545 | +69.2% |
| Deferred charges and accrued income | 490/1 | €3,608 | €7,402 | +€3,794 | +105.2% |
| Total equity and liabilities | 10/49 | €1,852,299 | €1,928,413 | +€76,114 | +4.1% |
| Equity | 10/15 | €1,028,779 | €1,086,585 | +€57,806 | +5.6% |
| Contributions | 10/11 | €273,000 | €273,000 | = | 0.0% |
| Reserves | 13 | €73,520 | €107,200 | +€33,680 | +45.8% |
| Tax-exempt reserves | 132 | €50,520 | €84,200 | +€33,680 | +66.7% |
| Distributable reserves | 133 | €23,000 | €23,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €601,054 | €632,437 | +€31,383 | +5.2% |
| Investment grants | 15 | €81,205 | €73,948 | -€7,257 | -8.9% |
| Amounts payable | 17/49 | €823,521 | €841,829 | +€18,308 | +2.2% |
| Amounts payable after more than one year | 17 | €408,842 | €250,125 | -€158,717 | -38.8% |
| Financial debts | 170/4 | €408,842 | €250,125 | -€158,717 | -38.8% |
| Amounts payable within one year | 42/48 | €414,447 | €591,502 | +€177,055 | +42.7% |
| Current portion of amounts payable after more than one year | 42 | €159,035 | €176,056 | +€17,022 | +10.7% |
| Trade debts | 44 | €146,072 | €251,317 | +€105,245 | +72.0% |
| Suppliers | 440/4 | €146,072 | €251,317 | +€105,245 | +72.0% |
| Taxes, remuneration and social security | 45 | €59,340 | €64,129 | +€4,789 | +8.1% |
| Taxes | 450/3 | €13,416 | €7,608 | -€5,808 | -43.3% |
| Remuneration and social security | 454/9 | €45,924 | €56,520 | +€10,596 | +23.1% |
| Other amounts payable | 47/48 | €50,000 | €100,000 | +€50,000 | +100.0% |
| Accrued charges and deferred income | 492/3 | €232 | €201 | -€31 | -13.3% |
| Remuneration, social security and pensions | 62 | €637,937 | €677,988 | +€40,051 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €145,347 | €158,416 | +€13,069 | +9.0% |
| Other operating charges | 640/8 | €22,058 | €15,961 | -€6,097 | -27.6% |
| Gross operating margin | 9900 | €1,041,760 | €1,020,223 | -€21,537 | -2.1% |
| Operating profit (loss) | 9901 | €236,417 | €167,857 | -€68,560 | -29.0% |
| Financial income | 75/76B | €17,204 | €10,467 | -€6,738 | -39.2% |
| Recurring financial income | 75 | €17,204 | €10,467 | -€6,738 | -39.2% |
| Financial charges | 65/66B | €18,915 | €17,465 | -€1,450 | -7.7% |
| Recurring financial charges | 65 | €18,915 | €17,465 | -€1,450 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €234,706 | €160,859 | -€73,847 | -31.5% |
| Income taxes | 67/77 | €60,181 | €45,796 | -€14,386 | -23.9% |
| Profit (loss) for the period | 9904 | €174,525 | €115,063 | -€59,462 | -34.1% |
| Transfer to tax-exempt reserves | 689 | €50,520 | €33,680 | -€16,840 | -33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €124,005 | €81,383 | -€42,622 | -34.4% |
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 3 October 2026 via checked.be.