Stephanie M: 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.
Stephanie M
Largest movements
- Cash -€1,631
down €1,631 (-94.6%), from €1,723 to €92
mainly Tax, wage and social debts (-€809) and Net result for the year (-€556)
- Receivables within one year +€66
new in 2025: €66
- Tax, wage and social debts -€809
no longer reported in 2025 (was €809)
- Profit (loss) carried forward -€556
down €556 (-56.9%), from -€978 to -€1,534
- Trade debts -€200
down €200 (-50.9%), from €392 to €192
- Gross operating margin +€608
up €608 (+55.0%), from -€1,105 to -€497
- Staff costs -€387
no longer reported in 2025 (was €387)
- Taxes -€307
no longer reported in 2025 (was €307)
- Financial charges -€38
down €38 (-74.0%), from €52 to €14
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 | €1,723 | €159 | -€1,565 | -90.8% |
| Current assets | 29/58 | €1,723 | €159 | -€1,565 | -90.8% |
| Amounts receivable within one year | 40/41 | - | €66 | +€66 | |
| Other amounts receivable | 41 | - | €66 | +€66 | |
| Cash at bank and in hand | 54/58 | €1,723 | €92 | -€1,631 | -94.6% |
| Total equity and liabilities | 10/49 | €1,723 | €159 | -€1,565 | -90.8% |
| Equity | 10/15 | €522 | -€34 | -€556 | |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€978 | -€1,534 | -€556 | -56.9% |
| Amounts payable | 17/49 | €1,201 | €192 | -€1,008 | -84.0% |
| Amounts payable within one year | 42/48 | €1,201 | €192 | -€1,008 | -84.0% |
| Trade debts | 44 | €392 | €192 | -€200 | -50.9% |
| Suppliers | 440/4 | €392 | €192 | -€200 | -50.9% |
| Taxes, remuneration and social security | 45 | €809 | - | -€809 | |
| Taxes | 450/3 | €809 | - | -€809 | |
| Remuneration, social security and pensions | 62 | €387 | - | -€387 | |
| Other operating charges | 640/8 | €46 | €46 | = | 0.0% |
| Gross operating margin | 9900 | -€1,105 | -€497 | +€608 | +55.0% |
| Operating profit (loss) | 9901 | -€1,539 | -€543 | +€996 | +64.7% |
| Financial charges | 65/66B | €52 | €14 | -€38 | -74.0% |
| Recurring financial charges | 65 | €52 | €14 | -€38 | -74.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,591 | -€556 | +€1,034 | +65.0% |
| Income taxes | 67/77 | €307 | - | -€307 | |
| Profit (loss) for the period | 9904 | -€1,897 | -€556 | +€1,341 | +70.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,897 | -€556 | +€1,341 | +70.7% |
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 17 October 2026 via checked.be.