STEP-UP: 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-UP
Largest movements
- Receivables within one year -€3,755
down €3,755 (-34.8%), from €10,787 to €7,031
of which Trade receivables: -€3,381
- Deferred charges and accrued income +€2,324
up €2,324 (+720.3%), from €323 to €2,647
- Cash +€944
up €944 (+3.2%), from €29,153 to €30,096
mainly Net result for the year (+€5,277) and Receivables within one year (+€3,755)
- Tax, wage and social debts -€7,189
down €7,189 (-69.4%), from €10,356 to €3,166
- Reserves +€5,277
up €5,277 (+55.6%), from €9,491 to €14,768
- Other debts +€639
up €639 (+30.5%), from €2,096 to €2,735
- Trade debts +€606
up €606 (+60.9%), from €995 to €1,601
- Gross operating margin -€13,162
down €13,162 (-48.8%), from €26,945 to €13,783
- Taxes -€3,905
down €3,905 (-53.9%), from €7,244 to €3,339
- Financial charges +€2,974
up €2,974 (+1579.5%), from €188 to €3,162
- Other operating charges -€1,081
down €1,081 (-67.5%), from €1,600 to €520
- Depreciation -€582
down €582 (-28.2%), from €2,067 to €1,485
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 | €41,538 | €40,870 | -€668 | -1.6% |
| Fixed assets | 21/28 | €1,276 | €1,096 | -€181 | -14.2% |
| Tangible fixed assets | 22/27 | €1,276 | €1,096 | -€181 | -14.2% |
| Furniture and vehicles | 24 | €1,276 | €1,096 | -€181 | -14.2% |
| Current assets | 29/58 | €40,262 | €39,775 | -€487 | -1.2% |
| Amounts receivable within one year | 40/41 | €10,787 | €7,031 | -€3,755 | -34.8% |
| Trade receivables | 40 | €7,224 | €3,843 | -€3,381 | -46.8% |
| Other amounts receivable | 41 | €3,563 | €3,188 | -€374 | -10.5% |
| Cash at bank and in hand | 54/58 | €29,153 | €30,096 | +€944 | +3.2% |
| Deferred charges and accrued income | 490/1 | €323 | €2,647 | +€2,324 | +720.3% |
| Total equity and liabilities | 10/49 | €41,538 | €40,870 | -€668 | -1.6% |
| Equity | 10/15 | €28,091 | €33,368 | +€5,277 | +18.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,491 | €14,768 | +€5,277 | +55.6% |
| Distributable reserves | 133 | €9,491 | €14,768 | +€5,277 | +55.6% |
| Amounts payable | 17/49 | €13,447 | €7,502 | -€5,945 | -44.2% |
| Amounts payable within one year | 42/48 | €13,447 | €7,502 | -€5,944 | -44.2% |
| Trade debts | 44 | €995 | €1,601 | +€606 | +60.9% |
| Suppliers | 440/4 | €995 | €1,601 | +€606 | +60.9% |
| Taxes, remuneration and social security | 45 | €10,356 | €3,166 | -€7,189 | -69.4% |
| Taxes | 450/3 | €10,356 | €3,166 | -€7,189 | -69.4% |
| Other amounts payable | 47/48 | €2,096 | €2,735 | +€639 | +30.5% |
| Accrued charges and deferred income | 492/3 | €1 | €0 | -€1 | -81.7% |
| Remuneration, social security and pensions | 62 | €163 | - | -€163 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,067 | €1,485 | -€582 | -28.2% |
| Other operating charges | 640/8 | €1,600 | €520 | -€1,081 | -67.5% |
| Gross operating margin | 9900 | €26,945 | €13,783 | -€13,162 | -48.8% |
| Operating profit (loss) | 9901 | €23,114 | €11,779 | -€11,336 | -49.0% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €188 | €3,162 | +€2,974 | +1579.5% |
| Recurring financial charges | 65 | €188 | €3,162 | +€2,974 | +1579.5% |
| Profit (loss) for the period before taxes | 9903 | €22,935 | €8,616 | -€14,319 | -62.4% |
| Income taxes | 67/77 | €7,244 | €3,339 | -€3,905 | -53.9% |
| Profit (loss) for the period | 9904 | €15,691 | €5,277 | -€10,415 | -66.4% |
| Profit (loss) for the period to be appropriated | 9905 | €15,691 | €5,277 | -€10,415 | -66.4% |
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 11 October 2026 via checked.be.