StephY: 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.
StephY
Largest movements
- Cash +€4,627
up €4,627 (+13.7%), from €33,825 to €38,453
mainly Net result for the year (+€14,882) and Tax, wage and social debts (+€3,058)
- Tangible fixed assets -€599
down €599 (-55.6%), from €1,078 to €479
of which Plant, machinery and equipment: -€575
- Profit (loss) carried forward +€14,882
up €14,882 (+66.5%), from €22,367 to €37,249
- Trade debts -€7,722
down €7,722 (-97.3%), from €7,940 to €218
- Current portion of long-term debt -€6,284
no longer reported in 2025 (was €6,284)
- Tax, wage and social debts +€3,058
up €3,058 (+23.4%), from €13,088 to €16,146
of which Taxes: +€2,462
- Gross operating margin +€18,573
up €18,573 (+72.0%), from €25,808 to €44,381
- Staff costs +€12,632
up €12,632 (+133.0%), from €9,496 to €22,128
- Depreciation -€7,343
down €7,343 (-92.5%), from €7,942 to €599
- Taxes +€3,422
up €3,422 (+154.2%), from €2,219 to €5,641
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 | €51,217 | €55,151 | +€3,934 | +7.7% |
| Fixed assets | 21/28 | €10,340 | €9,741 | -€599 | -5.8% |
| Tangible fixed assets | 22/27 | €1,078 | €479 | -€599 | -55.6% |
| Land and buildings | 22 | €0 | - | -€0 | |
| Plant, machinery and equipment | 23 | €1,054 | €479 | -€575 | -54.5% |
| Furniture and vehicles | 24 | €24 | - | -€24 | |
| Financial fixed assets | 28 | €9,263 | €9,263 | = | 0.0% |
| Current assets | 29/58 | €40,877 | €45,410 | +€4,533 | +11.1% |
| Stocks and contracts in progress | 3 | €1,807 | €1,957 | +€150 | +8.3% |
| Stocks | 30/36 | €1,807 | €1,957 | +€150 | +8.3% |
| Amounts receivable within one year | 40/41 | €5,245 | €5,000 | -€245 | -4.7% |
| Trade receivables | 40 | €245 | - | -€245 | |
| Other amounts receivable | 41 | €5,000 | €5,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €33,825 | €38,453 | +€4,627 | +13.7% |
| Total equity and liabilities | 10/49 | €51,217 | €55,151 | +€3,934 | +7.7% |
| Equity | 10/15 | €22,367 | €37,249 | +€14,882 | +66.5% |
| Profit (loss) carried forward | 14 | €22,367 | €37,249 | +€14,882 | +66.5% |
| Amounts payable | 17/49 | €28,850 | €17,902 | -€10,948 | -37.9% |
| Amounts payable within one year | 42/48 | €28,850 | €17,902 | -€10,948 | -37.9% |
| Current portion of amounts payable after more than one year | 42 | €6,284 | - | -€6,284 | |
| Trade debts | 44 | €7,940 | €218 | -€7,722 | -97.3% |
| Suppliers | 440/4 | €7,940 | €218 | -€7,722 | -97.3% |
| Taxes, remuneration and social security | 45 | €13,088 | €16,146 | +€3,058 | +23.4% |
| Taxes | 450/3 | €11,627 | €14,089 | +€2,462 | +21.2% |
| Remuneration and social security | 454/9 | €1,461 | €2,057 | +€596 | +40.8% |
| Other amounts payable | 47/48 | €1,538 | €1,538 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €9,496 | €22,128 | +€12,632 | +133.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,942 | €599 | -€7,343 | -92.5% |
| Other operating charges | 640/8 | €1,090 | €1,040 | -€51 | -4.7% |
| Gross operating margin | 9900 | €25,808 | €44,381 | +€18,573 | +72.0% |
| Operating profit (loss) | 9901 | €7,280 | €20,615 | +€13,335 | +183.2% |
| Financial income | 75/76B | €34 | €81 | +€47 | +136.1% |
| Recurring financial income | 75 | €34 | €81 | +€47 | +136.1% |
| Financial charges | 65/66B | €141 | €174 | +€33 | +23.5% |
| Recurring financial charges | 65 | €141 | €174 | +€33 | +23.5% |
| Profit (loss) for the period before taxes | 9903 | €7,174 | €20,523 | +€13,349 | +186.1% |
| Income taxes | 67/77 | €2,219 | €5,641 | +€3,422 | +154.2% |
| Profit (loss) for the period | 9904 | €4,955 | €14,882 | +€9,927 | +200.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,955 | €14,882 | +€9,927 | +200.3% |
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 7 October 2026 via checked.be.