STEPAJA: 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.
STEPAJA
Largest movements
- Receivables within one year +€10,111
up €10,111 (+66.6%), from €15,174 to €25,285
of which Other amounts receivable: +€10,811
- Stocks and contracts -€7,850
down €7,850 (-14.5%), from €54,164 to €46,314
- Cash +€6,819
up €6,819 (+50.0%), from €13,632 to €20,451
mainly Stocks and contracts (+€7,850) and Net result for the year (+€6,289)
- Profit (loss) carried forward +€6,289
up €6,289 (+137%), from €4,580 to €10,870
- Other debts +€2,439
up €2,439 (+6.2%), from €39,101 to €41,540
- Gross operating margin +€5,913
up €5,913 (+129%), from €4,592 to €10,505
- Taxes +€2,041
up €2,041 (+763%), from €267 to €2,308
- Other operating charges -€1,276
down €1,276 (-46.5%), from €2,747 to €1,471
- Financial charges -€455
down €455 (-50.7%), from €896 to €442
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.
Derived cash bridge
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 | €83,970 | €93,212 | +€9,242 | +11.0% |
| Fixed assets | 21/28 | €1,000 | €1,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €82,970 | €92,212 | +€9,242 | +11.1% |
| Stocks and contracts in progress | 3 | €54,164 | €46,314 | -€7,850 | -14.5% |
| Stocks | 30/36 | €54,164 | €46,314 | -€7,850 | -14.5% |
| Amounts receivable within one year | 40/41 | €15,174 | €25,285 | +€10,111 | +66.6% |
| Trade receivables | 40 | €15,025 | €14,325 | -€700 | -4.7% |
| Other amounts receivable | 41 | €149 | €10,960 | +€10,811 | +7,278% |
| Cash at bank and in hand | 54/58 | €13,632 | €20,451 | +€6,819 | +50.0% |
| Deferred charges and accrued income | 490/1 | - | €162 | +€162 | |
| Total equity and liabilities | 10/49 | €83,970 | €93,212 | +€9,242 | +11.0% |
| Equity | 10/15 | €28,725 | €35,015 | +€6,289 | +21.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,545 | €5,545 | = | 0.0% |
| Distributable reserves | 133 | €5,545 | €5,545 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,580 | €10,870 | +€6,289 | +137% |
| Amounts payable | 17/49 | €55,245 | €58,197 | +€2,952 | +5.3% |
| Amounts payable within one year | 42/48 | €55,245 | €58,197 | +€2,952 | +5.3% |
| Trade debts | 44 | €14,204 | €13,948 | -€256 | -1.8% |
| Suppliers | 440/4 | €14,204 | €13,948 | -€256 | -1.8% |
| Taxes, remuneration and social security | 45 | €1,940 | €2,710 | +€770 | +39.7% |
| Taxes | 450/3 | €1,940 | €2,710 | +€770 | +39.7% |
| Other amounts payable | 47/48 | €39,101 | €41,540 | +€2,439 | +6.2% |
| Other operating charges | 640/8 | €2,747 | €1,471 | -€1,276 | -46.5% |
| Gross operating margin | 9900 | €4,592 | €10,505 | +€5,913 | +129% |
| Operating profit (loss) | 9901 | €1,844 | €9,033 | +€7,189 | +390% |
| Financial income | 75/76B | €34 | €6 | -€27 | -81.5% |
| Recurring financial income | 75 | €34 | €6 | -€27 | -81.5% |
| Financial charges | 65/66B | €896 | €442 | -€455 | -50.7% |
| Recurring financial charges | 65 | €896 | €442 | -€455 | -50.7% |
| Profit (loss) for the period before taxes | 9903 | €981 | €8,598 | +€7,616 | +776% |
| Income taxes | 67/77 | €267 | €2,308 | +€2,041 | +763% |
| Profit (loss) for the period | 9904 | €714 | €6,289 | +€5,575 | +781% |
| Profit (loss) for the period to be appropriated | 9905 | €714 | €6,289 | +€5,575 | +781% |
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 20 October 2026 via checked.be.