StepFlows: 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.
StepFlows
Largest movements
- Cash -€47,012
down €47,012 (-41.9%), from €112,249 to €65,237
mainly Contributions, distributions and other (-€40,000) and Trade debts (-€37,477)
- Receivables within one year +€9,348
up €9,348 (+74.3%), from €12,585 to €21,933
of which Trade receivables: +€9,716
- Tangible fixed assets -€2,596
down €2,596 (-22.4%), from €11,596 to €9,000
of which Land and buildings: -€1,825
- Trade debts -€37,477
down €37,477 (-85.2%), from €44,012 to €6,535
- Other debts -€3,381
down €3,381 (-7.2%), from €46,796 to €43,415
- Profit (loss) carried forward +€3,347
up €3,347 (+13.7%), from €24,436 to €27,783
- Tax, wage and social debts -€2,749
down €2,749 (-8.9%), from €30,726 to €27,977
of which Remuneration and social security: -€4,447
- Gross operating margin -€35,157
down €35,157 (-36.9%), from €95,383 to €60,226
- Taxes -€11,710
down €11,710 (-45.9%), from €25,489 to €13,779
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 | €166,430 | €126,170 | -€40,260 | -24.2% |
| Fixed assets | 21/28 | €11,596 | €9,000 | -€2,596 | -22.4% |
| Tangible fixed assets | 22/27 | €11,596 | €9,000 | -€2,596 | -22.4% |
| Land and buildings | 22 | €10,103 | €8,278 | -€1,825 | -18.1% |
| Plant, machinery and equipment | 23 | €1,493 | €722 | -€771 | -51.6% |
| Current assets | 29/58 | €154,834 | €117,170 | -€37,664 | -24.3% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,585 | €21,933 | +€9,348 | +74.3% |
| Trade receivables | 40 | €12,217 | €21,933 | +€9,716 | +79.5% |
| Other amounts receivable | 41 | €368 | - | -€368 | |
| Cash at bank and in hand | 54/58 | €112,249 | €65,237 | -€47,012 | -41.9% |
| Total equity and liabilities | 10/49 | €166,430 | €126,170 | -€40,260 | -24.2% |
| Equity | 10/15 | €44,896 | €48,243 | +€3,347 | +7.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,436 | €27,783 | +€3,347 | +13.7% |
| Amounts payable | 17/49 | €121,534 | €77,927 | -€43,607 | -35.9% |
| Amounts payable within one year | 42/48 | €121,534 | €77,927 | -€43,607 | -35.9% |
| Trade debts | 44 | €44,012 | €6,535 | -€37,477 | -85.2% |
| Suppliers | 440/4 | €44,012 | €6,535 | -€37,477 | -85.2% |
| Taxes, remuneration and social security | 45 | €30,726 | €27,977 | -€2,749 | -8.9% |
| Taxes | 450/3 | €26,279 | €27,977 | +€1,698 | +6.5% |
| Remuneration and social security | 454/9 | €4,447 | - | -€4,447 | |
| Other amounts payable | 47/48 | €46,796 | €43,415 | -€3,381 | -7.2% |
| Non-recurring operating income | 76A | €615 | - | -€615 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,049 | €2,596 | -€453 | -14.9% |
| Other operating charges | 640/8 | €479 | €400 | -€79 | -16.5% |
| Gross operating margin | 9900 | €95,383 | €60,226 | -€35,157 | -36.9% |
| Operating profit (loss) | 9901 | €91,855 | €57,230 | -€34,625 | -37.7% |
| Financial charges | 65/66B | €104 | €104 | = | 0.0% |
| Recurring financial charges | 65 | €104 | €104 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €91,751 | €57,126 | -€34,625 | -37.7% |
| Income taxes | 67/77 | €25,489 | €13,779 | -€11,710 | -45.9% |
| Profit (loss) for the period | 9904 | €66,262 | €43,347 | -€22,915 | -34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €66,262 | €43,347 | -€22,915 | -34.6% |
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 18 October 2026 via checked.be.