STEP2B: 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.
STEP2B
Largest movements
- Tangible fixed assets -€13,780
down €13,780 (-5.3%), from €262,327 to €248,547
of which Land and buildings: -€8,404
- Cash -€9,277
down €9,277 (-97.2%), from €9,540 to €263
mainly Debts after one year (-€24,387) and Trade debts (-€2,439)
- Debts after one year -€24,387
down €24,387 (-12.2%), from €199,267 to €174,880
of which Financial debts: -€92,847
- Profit (loss) carried forward +€7,339
up €7,339 (+28.3%), from €25,896 to €33,235
- Gross operating margin -€8,493
down €8,493 (-21.2%), from €39,976 to €31,483
- Taxes -€1,770
down €1,770 (-38.1%), from €4,647 to €2,877
- Financial charges -€453
down €453 (-11.7%), from €3,860 to €3,407
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 | €272,932 | €251,314 | -€21,618 | -7.9% |
| Fixed assets | 21/28 | €262,327 | €248,547 | -€13,780 | -5.3% |
| Tangible fixed assets | 22/27 | €262,327 | €248,547 | -€13,780 | -5.3% |
| Land and buildings | 22 | €250,558 | €242,154 | -€8,404 | -3.4% |
| Plant, machinery and equipment | 23 | €11,769 | €6,393 | -€5,376 | -45.7% |
| Current assets | 29/58 | €10,605 | €2,767 | -€7,838 | -73.9% |
| Amounts receivable within one year | 40/41 | €555 | €1,991 | +€1,436 | +258.7% |
| Other amounts receivable | 41 | €555 | €1,991 | +€1,436 | +258.7% |
| Cash at bank and in hand | 54/58 | €9,540 | €263 | -€9,277 | -97.2% |
| Deferred charges and accrued income | 490/1 | €510 | €513 | +€3 | +0.6% |
| Total equity and liabilities | 10/49 | €272,932 | €251,314 | -€21,618 | -7.9% |
| Equity | 10/15 | €44,496 | €51,835 | +€7,339 | +16.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,896 | €33,235 | +€7,339 | +28.3% |
| Amounts payable | 17/49 | €228,436 | €199,479 | -€28,957 | -12.7% |
| Amounts payable after more than one year | 17 | €199,267 | €174,880 | -€24,387 | -12.2% |
| Financial debts | 170/4 | €199,267 | €106,420 | -€92,847 | -46.6% |
| Other amounts payable | 178/9 | - | €68,460 | +€68,460 | |
| Amounts payable within one year | 42/48 | €27,779 | €22,613 | -€5,166 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €21,475 | €21,937 | +€462 | +2.2% |
| Trade debts | 44 | €2,834 | €395 | -€2,439 | -86.1% |
| Suppliers | 440/4 | €2,834 | €395 | -€2,439 | -86.1% |
| Taxes, remuneration and social security | 45 | €1,875 | - | -€1,875 | |
| Taxes | 450/3 | €1,875 | - | -€1,875 | |
| Other amounts payable | 47/48 | €1,595 | €281 | -€1,314 | -82.4% |
| Accrued charges and deferred income | 492/3 | €1,390 | €1,986 | +€596 | +42.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,808 | €13,780 | -€28 | -0.2% |
| Other operating charges | 640/8 | €4,013 | €4,080 | +€67 | +1.7% |
| Gross operating margin | 9900 | €39,976 | €31,483 | -€8,493 | -21.2% |
| Operating profit (loss) | 9901 | €22,155 | €13,623 | -€8,532 | -38.5% |
| Financial charges | 65/66B | €3,860 | €3,407 | -€453 | -11.7% |
| Recurring financial charges | 65 | €3,860 | €3,407 | -€453 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €18,295 | €10,216 | -€8,079 | -44.2% |
| Income taxes | 67/77 | €4,647 | €2,877 | -€1,770 | -38.1% |
| Profit (loss) for the period | 9904 | €13,648 | €7,339 | -€6,309 | -46.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,648 | €7,339 | -€6,309 | -46.2% |
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 7 October 2026 via checked.be.