Step2Work: 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.
Step2Work
Largest movements
- Receivables within one year -€75,646
down €75,646 (-17.5%), from €431,990 to €356,344
of which Trade receivables: -€80,974
- Cash -€37,350
down €37,350 (-45.0%), from €82,986 to €45,636
mainly Trade debts (-€97,162) and Tax, wage and social debts (-€74,635)
- Tangible fixed assets -€36,821
down €36,821 (-26.0%), from €141,843 to €105,022
of which Leasing and similar rights: -€29,762
- Trade debts -€97,162
down €97,162 (-78.8%), from €123,328 to €26,166
- Tax, wage and social debts -€74,635
down €74,635 (-30.4%), from €245,106 to €170,471
of which Remuneration and social security: -€51,546
- Reserves +€59,210
new in 2025: €59,210
- Debts after one year -€37,544
down €37,544 (-35.4%), from €105,989 to €68,445
- Other debts -€19,142
down €19,142 (-17.4%), from €110,000 to €90,858
- Staff costs -€481,331
down €481,331 (-26.0%), from €1.9m to €1.4m
- Gross operating margin -€332,520
down €332,520 (-17.5%), from €1.9m to €1.6m
- Write-downs +€30,931
new in 2025: €30,931
- Taxes +€28,927
up €28,927 (+7149.7%), from €405 to €29,332
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 | €662,213 | €514,332 | -€147,881 | -22.3% |
| Fixed assets | 21/28 | €144,843 | €108,022 | -€36,821 | -25.4% |
| Tangible fixed assets | 22/27 | €141,843 | €105,022 | -€36,821 | -26.0% |
| Furniture and vehicles | 24 | €5,326 | €2,471 | -€2,855 | -53.6% |
| Leasing and similar rights | 25 | €117,081 | €87,319 | -€29,762 | -25.4% |
| Other tangible fixed assets | 26 | €19,435 | €15,231 | -€4,204 | -21.6% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €517,370 | €406,310 | -€111,060 | -21.5% |
| Amounts receivable within one year | 40/41 | €431,990 | €356,344 | -€75,646 | -17.5% |
| Trade receivables | 40 | €431,649 | €350,675 | -€80,974 | -18.8% |
| Other amounts receivable | 41 | €341 | €5,668 | +€5,328 | +1564.0% |
| Cash at bank and in hand | 54/58 | €82,986 | €45,636 | -€37,350 | -45.0% |
| Deferred charges and accrued income | 490/1 | €2,394 | €4,330 | +€1,936 | +80.9% |
| Total equity and liabilities | 10/49 | €662,213 | €514,332 | -€147,881 | -22.3% |
| Equity | 10/15 | €15,327 | €93,410 | +€78,083 | +509.4% |
| Contributions | 10/11 | €34,200 | €34,200 | = | 0.0% |
| Reserves | 13 | - | €59,210 | +€59,210 | |
| Distributable reserves | 133 | - | €59,210 | +€59,210 | |
| Profit (loss) carried forward | 14 | -€18,873 | - | +€18,873 | |
| Amounts payable | 17/49 | €646,886 | €420,922 | -€225,964 | -34.9% |
| Amounts payable after more than one year | 17 | €105,989 | €68,445 | -€37,544 | -35.4% |
| Financial debts | 170/4 | €105,989 | €68,445 | -€37,544 | -35.4% |
| Amounts payable within one year | 42/48 | €540,327 | €351,657 | -€188,670 | -34.9% |
| Current portion of amounts payable after more than one year | 42 | €61,893 | €64,162 | +€2,269 | +3.7% |
| Trade debts | 44 | €123,328 | €26,166 | -€97,162 | -78.8% |
| Suppliers | 440/4 | €123,328 | €26,166 | -€97,162 | -78.8% |
| Taxes, remuneration and social security | 45 | €245,106 | €170,471 | -€74,635 | -30.4% |
| Taxes | 450/3 | €98,065 | €74,976 | -€23,089 | -23.5% |
| Remuneration and social security | 454/9 | €147,041 | €95,495 | -€51,546 | -35.1% |
| Other amounts payable | 47/48 | €110,000 | €90,858 | -€19,142 | -17.4% |
| Accrued charges and deferred income | 492/3 | €570 | €820 | +€250 | +43.9% |
| Remuneration, social security and pensions | 62 | €1,850,943 | €1,369,611 | -€481,331 | -26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,184 | €36,821 | +€8,637 | +30.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €30,931 | +€30,931 | |
| Other operating charges | 640/8 | €9,109 | €8,625 | -€485 | -5.3% |
| Non-recurring operating charges | 66A | €6,234 | - | -€6,234 | |
| Gross operating margin | 9900 | €1,894,862 | €1,562,342 | -€332,520 | -17.5% |
| Operating profit (loss) | 9901 | €391 | €116,353 | +€115,962 | +29637.3% |
| Financial income | 75/76B | €8,293 | €1,527 | -€6,766 | -81.6% |
| Recurring financial income | 75 | €8,293 | €1,527 | -€6,766 | -81.6% |
| Financial charges | 65/66B | €8,524 | €10,465 | +€1,941 | +22.8% |
| Recurring financial charges | 65 | €8,524 | €10,465 | +€1,941 | +22.8% |
| Profit (loss) for the period before taxes | 9903 | €160 | €107,414 | +€107,255 | +67126.4% |
| Income taxes | 67/77 | €405 | €29,332 | +€28,927 | +7149.7% |
| Profit (loss) for the period | 9904 | -€245 | €78,083 | +€78,328 | |
| Profit (loss) for the period to be appropriated | 9905 | -€245 | €78,083 | +€78,328 |
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 5 October 2026 via checked.be.