Step Stone: 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 Stone
Largest movements
- Receivables within one year -€25,766
down €25,766 (-74.5%), from €34,599 to €8,833
of which Trade receivables: -€26,901
- Tangible fixed assets -€21,978
down €21,978 (-25.3%), from €86,956 to €64,977
of which Furniture and vehicles: -€19,664
- Intangible fixed assets +€9,989
new in 2025: €9,989
- Cash -€7,331
down €7,331 (-20.3%), from €36,185 to €28,855
mainly Trade debts (-€49,655) and Net result for the year (-€35,188)
- Deferred charges and accrued income +€4,271
up €4,271 (+1373.8%), from €311 to €4,581
- Trade debts -€49,655
down €49,655 (-50.9%), from €97,458 to €47,803
- Advances received +€40,377
up €40,377 (+43.7%), from €92,347 to €132,723
- Profit (loss) carried forward -€35,188
down €35,188 (-30.6%), from -€115,001 to -€150,189
- Tax, wage and social debts +€10,217
up €10,217 (+74.0%), from €13,805 to €24,022
of which Remuneration and social security: +€8,093
- Other debts -€5,718
down €5,718 (-37.4%), from €15,285 to €9,567
- Financial income +€88,585
up €88,585 (+192033.1%), from €46 to €88,631
of which Non-recurring financial income: +€76,900
- Staff costs +€27,161
up €27,161 (+59.2%), from €45,884 to €73,045
- Gross operating margin -€15,918
down €15,918 (-195.2%), from -€8,155 to -€24,073
- Depreciation +€2,355
up €2,355 (+10.4%), from €22,594 to €24,949
- Taxes -€254
down €254 (-75.0%), from €338 to €85
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 | €162,947 | €122,981 | -€39,967 | -24.5% |
| Fixed assets | 21/28 | €86,956 | €74,967 | -€11,989 | -13.8% |
| Intangible fixed assets | 21 | - | €9,989 | +€9,989 | |
| Tangible fixed assets | 22/27 | €86,956 | €64,977 | -€21,978 | -25.3% |
| Furniture and vehicles | 24 | €69,595 | €49,931 | -€19,664 | -28.3% |
| Other tangible fixed assets | 26 | €17,361 | €15,047 | -€2,314 | -13.3% |
| Current assets | 29/58 | €75,992 | €48,014 | -€27,978 | -36.8% |
| Stocks and contracts in progress | 3 | €4,897 | €5,745 | +€848 | +17.3% |
| Stocks | 30/36 | €4,897 | €5,745 | +€848 | +17.3% |
| Amounts receivable within one year | 40/41 | €34,599 | €8,833 | -€25,766 | -74.5% |
| Trade receivables | 40 | €34,599 | €7,698 | -€26,901 | -77.8% |
| Other amounts receivable | 41 | - | €1,135 | +€1,135 | |
| Cash at bank and in hand | 54/58 | €36,185 | €28,855 | -€7,331 | -20.3% |
| Deferred charges and accrued income | 490/1 | €311 | €4,581 | +€4,271 | +1373.8% |
| Total equity and liabilities | 10/49 | €162,947 | €122,981 | -€39,967 | -24.5% |
| Equity | 10/15 | -€105,001 | -€140,189 | -€35,188 | -33.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€115,001 | -€150,189 | -€35,188 | -30.6% |
| Amounts payable | 17/49 | €267,949 | €263,170 | -€4,779 | -1.8% |
| Amounts payable within one year | 42/48 | €218,894 | €214,115 | -€4,779 | -2.2% |
| Trade debts | 44 | €97,458 | €47,803 | -€49,655 | -50.9% |
| Suppliers | 440/4 | €97,458 | €47,803 | -€49,655 | -50.9% |
| Advances received on contracts in progress | 46 | €92,347 | €132,723 | +€40,377 | +43.7% |
| Taxes, remuneration and social security | 45 | €13,805 | €24,022 | +€10,217 | +74.0% |
| Taxes | 450/3 | €3,859 | €5,984 | +€2,125 | +55.0% |
| Remuneration and social security | 454/9 | €9,946 | €18,038 | +€8,093 | +81.4% |
| Other amounts payable | 47/48 | €15,285 | €9,567 | -€5,718 | -37.4% |
| Accrued charges and deferred income | 492/3 | €49,054 | €49,054 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €45,884 | €73,045 | +€27,161 | +59.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,594 | €24,949 | +€2,355 | +10.4% |
| Other operating charges | 640/8 | €701 | €553 | -€149 | -21.2% |
| Gross operating margin | 9900 | -€8,155 | -€24,073 | -€15,918 | -195.2% |
| Operating profit (loss) | 9901 | -€77,335 | -€122,620 | -€45,285 | -58.6% |
| Financial income | 75/76B | €46 | €88,631 | +€88,585 | +192033.1% |
| Recurring financial income | 75 | €46 | €11,731 | +€11,685 | +25330.3% |
| Non-recurring financial income | 76B | - | €76,900 | +€76,900 | |
| Financial charges | 65/66B | €924 | €1,114 | +€191 | +20.7% |
| Recurring financial charges | 65 | €924 | €1,114 | +€191 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | -€78,212 | -€35,103 | +€43,109 | +55.1% |
| Income taxes | 67/77 | €338 | €85 | -€254 | -75.0% |
| Profit (loss) for the period | 9904 | -€78,550 | -€35,188 | +€43,363 | +55.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€78,550 | -€35,188 | +€43,363 | +55.2% |
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 2 October 2026 via checked.be.