Steph Gusto: 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.
Steph Gusto
Largest movements
- Cash -€6,070
down €6,070 (-52.7%), from €11,519 to €5,449
mainly Net result for the year (-€9,459) and Tax, wage and social debts (-€7,956)
- Stocks and contracts -€5,116
down €5,116 (-20.3%), from €25,186 to €20,070
- Receivables within one year -€3,497
down €3,497 (-37.1%), from €9,431 to €5,934
of which Trade receivables: -€3,497
- Deferred charges and accrued income -€1,480
down €1,480 (-86.8%), from €1,705 to €225
- Profit (loss) carried forward -€9,459
down €9,459 (-147%), from -€6,431 to -€15,890
- Tax, wage and social debts -€7,956
down €7,956 (-47.8%), from €16,661 to €8,705
of which Remuneration and social security: -€7,750
- Other debts +€1,488
up €1,488 (+24.6%), from €6,042 to €7,529
- Gross operating margin -€8,895
down €8,895, from €1,492 to -€7,404
- Depreciation -€442
down €442 (-85.6%), from €517 to €75
- Financial charges -€168
down €168 (-63.3%), from €266 to €97
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 | €52,266 | €36,028 | -€16,238 | -31.1% |
| Formation expenses | 20 | €75 | €0 | -€75 | -100% |
| Fixed assets | 21/28 | €4,350 | €4,350 | = | 0.0% |
| Financial fixed assets | 28 | €4,350 | €4,350 | = | 0.0% |
| Current assets | 29/58 | €47,841 | €31,678 | -€16,163 | -33.8% |
| Stocks and contracts in progress | 3 | €25,186 | €20,070 | -€5,116 | -20.3% |
| Stocks | 30/36 | €25,186 | €20,070 | -€5,116 | -20.3% |
| Amounts receivable within one year | 40/41 | €9,431 | €5,934 | -€3,497 | -37.1% |
| Trade receivables | 40 | €9,431 | €5,934 | -€3,497 | -37.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €11,519 | €5,449 | -€6,070 | -52.7% |
| Deferred charges and accrued income | 490/1 | €1,705 | €225 | -€1,480 | -86.8% |
| Total equity and liabilities | 10/49 | €52,266 | €36,028 | -€16,238 | -31.1% |
| Equity | 10/15 | €1,569 | -€7,890 | -€9,459 | |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,431 | -€15,890 | -€9,459 | -147% |
| Amounts payable | 17/49 | €50,697 | €43,918 | -€6,778 | -13.4% |
| Amounts payable within one year | 42/48 | €50,697 | €43,918 | -€6,778 | -13.4% |
| Trade debts | 44 | €27,194 | €26,884 | -€310 | -1.1% |
| Suppliers | 440/4 | €27,194 | €26,884 | -€310 | -1.1% |
| Advances received on contracts in progress | 46 | €800 | €800 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €16,661 | €8,705 | -€7,956 | -47.8% |
| Taxes | 450/3 | €4,261 | €4,055 | -€206 | -4.8% |
| Remuneration and social security | 454/9 | €12,400 | €4,650 | -€7,750 | -62.5% |
| Other amounts payable | 47/48 | €6,042 | €7,529 | +€1,488 | +24.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €517 | €75 | -€442 | -85.6% |
| Other operating charges | 640/8 | €1,830 | €1,884 | +€53 | +2.9% |
| Gross operating margin | 9900 | €1,492 | -€7,404 | -€8,895 | |
| Operating profit (loss) | 9901 | -€855 | -€9,362 | -€8,507 | -995% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €266 | €97 | -€168 | -63.3% |
| Recurring financial charges | 65 | €266 | €97 | -€168 | -63.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,120 | -€9,459 | -€8,339 | -744% |
| Profit (loss) for the period | 9904 | -€1,120 | -€9,459 | -€8,339 | -744% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,120 | -€9,459 | -€8,339 | -744% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.