STEPHME: what changed
Two fiscal 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.
STEPHME
Largest movements
- Tangible fixed assets -€7,813
down €7,813 (-3.2%), from €243,375 to €235,562
of which Land and buildings: -€7,726
- Profit (loss) carried forward -€3,871
down €3,871 (-6.6%), from -€58,597 to -€62,469
- Other debts -€2,462
down €2,462 (-0.9%), from €281,904 to €279,442
- Other operating charges +€542
up €542 (+92.8%), from €584 to €1,126
- Gross operating margin -€473
down €473 (-8.5%), from €5,584 to €5,111
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.
Cash bridge derived
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 | €243,379 | €235,573 | -€7,806 | -3.2% |
| Fixed assets | 21/28 | €243,375 | €235,562 | -€7,813 | -3.2% |
| Tangible fixed assets | 22/27 | €243,375 | €235,562 | -€7,813 | -3.2% |
| Land and buildings | 22 | €243,114 | €235,388 | -€7,726 | -3.2% |
| Furniture and vehicles | 24 | €261 | €174 | -€87 | -33.3% |
| Current assets | 29/58 | €4 | €11 | +€7 | +175.5% |
| Cash at bank and in hand | 54/58 | €4 | €11 | +€7 | +175.5% |
| Total equity and liabilities | 10/49 | €243,379 | €235,573 | -€7,806 | -3.2% |
| Equity | 10/15 | -€39,997 | -€43,869 | -€3,871 | -9.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,597 | -€62,469 | -€3,871 | -6.6% |
| Amounts payable | 17/49 | €283,376 | €279,442 | -€3,934 | -1.4% |
| Amounts payable within one year | 42/48 | €283,376 | €279,442 | -€3,934 | -1.4% |
| Trade debts | 44 | €1,472 | - | -€1,472 | |
| Suppliers | 440/4 | €1,472 | - | -€1,472 | |
| Other amounts payable | 47/48 | €281,904 | €279,442 | -€2,462 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,813 | €7,813 | = | 0.0% |
| Other operating charges | 640/8 | €584 | €1,126 | +€542 | +92.8% |
| Gross operating margin | 9900 | €5,584 | €5,111 | -€473 | -8.5% |
| Operating profit (loss) | 9901 | -€2,813 | -€3,828 | -€1,015 | -36.1% |
| Financial charges | 65/66B | €39 | €44 | +€5 | +11.5% |
| Recurring financial charges | 65 | €39 | €44 | +€5 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,852 | -€3,871 | -€1,019 | -35.7% |
| Profit (loss) for the period | 9904 | -€2,852 | -€3,871 | -€1,019 | -35.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,852 | -€3,871 | -€1,019 | -35.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.