Stéphan au carré: 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.
Stéphan au carré
Largest movements
- Tangible fixed assets +€35,377
up €35,377 (+48.8%), from €72,568 to €107,945
of which Assets under construction and advance payments: +€35,377
- Receivables within one year -€1,379
down €1,379 (-21.7%), from €6,343 to €4,963
of which Other amounts receivable: -€6,092
- Other debts +€23,449
new in 2025: €23,449
- Profit (loss) carried forward +€9,767
up €9,767 (+91.2%), from -€10,705 to -€938
- Gross operating margin +€21,382
up €21,382, from -€10,970 to €10,412
- Financial income -€1,098
down €1,098 (-99.6%), from €1,103 to €5
- Other operating charges -€185
down €185 (-23.8%), from €779 to €594
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 | €78,958 | €112,917 | +€33,959 | +43.0% |
| Fixed assets | 21/28 | €72,568 | €107,945 | +€35,377 | +48.8% |
| Tangible fixed assets | 22/27 | €72,568 | €107,945 | +€35,377 | +48.8% |
| Land and buildings | 22 | €55,125 | €55,125 | = | 0.0% |
| Assets under construction and advance payments | 27 | €17,443 | €52,820 | +€35,377 | +203% |
| Current assets | 29/58 | €6,390 | €4,972 | -€1,418 | -22.2% |
| Amounts receivable within one year | 40/41 | €6,343 | €4,963 | -€1,379 | -21.7% |
| Trade receivables | 40 | - | €4,713 | +€4,713 | |
| Other amounts receivable | 41 | €6,343 | €251 | -€6,092 | -96.0% |
| Cash at bank and in hand | 54/58 | €47 | €9 | -€39 | -81.8% |
| Total equity and liabilities | 10/49 | €78,958 | €112,917 | +€33,959 | +43.0% |
| Equity | 10/15 | €74,295 | €84,062 | +€9,767 | +13.1% |
| Contributions | 10/11 | €85,000 | €85,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,705 | -€938 | +€9,767 | +91.2% |
| Amounts payable | 17/49 | €4,663 | €28,855 | +€24,193 | +519% |
| Amounts payable within one year | 42/48 | €4,663 | €28,855 | +€24,193 | +519% |
| Trade debts | 44 | €4,663 | €5,406 | +€743 | +15.9% |
| Suppliers | 440/4 | €4,663 | €5,406 | +€743 | +15.9% |
| Other amounts payable | 47/48 | - | €23,449 | +€23,449 | |
| Other operating charges | 640/8 | €779 | €594 | -€185 | -23.8% |
| Gross operating margin | 9900 | -€10,970 | €10,412 | +€21,382 | |
| Operating profit (loss) | 9901 | -€11,749 | €9,818 | +€21,568 | |
| Financial income | 75/76B | €1,103 | €5 | -€1,098 | -99.6% |
| Recurring financial income | 75 | €1,103 | €5 | -€1,098 | -99.6% |
| Financial charges | 65/66B | €59 | €56 | -€2 | -3.9% |
| Recurring financial charges | 65 | €59 | €56 | -€2 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,705 | €9,767 | +€20,471 | |
| Profit (loss) for the period | 9904 | -€10,705 | €9,767 | +€20,471 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,705 | €9,767 | +€20,471 |
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 27 October 2026 via checked.be.