STEPINVEST: 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.
STEPINVEST
Largest movements
- Receivables within one year +€40,656
up €40,656 (+21.5%), from €189,218 to €229,875
of which Trade receivables: +€27,577
- Cash -€4,121
down €4,121 (-64.5%), from €6,387 to €2,266
mainly Receivables within one year (-€40,656) and Investment in fixed assets (net) (-€15,238)
- Tangible fixed assets -€4,111
down €4,111 (-6.6%), from €62,496 to €58,385
of which Furniture and vehicles: -€19,153
- Reserves +€20,000
up €20,000 (+135%), from €14,843 to €34,843
of which Distributable reserves: +€20,000
- Advances received +€17,900
up €17,900 (+26.4%), from €67,680 to €85,580
- Debts after one year -€10,738
down €10,738 (-21.9%), from €48,959 to €38,221
- Trade debts +€8,515
up €8,515 (+31.3%), from €27,192 to €35,708
- Profit (loss) carried forward -€3,860
down €3,860 (-7.8%), from €49,616 to €45,756
- Taxes +€4,088
up €4,088 (+49.5%), from €8,265 to €12,353
- Other operating charges -€2,365
down €2,365 (-74.6%), from €3,170 to €805
- Financial income +€2,141
up €2,141 (+25.0%), from €8,561 to €10,702
- Financial charges -€1,459
down €1,459 (-39.6%), from €3,681 to €2,222
- Gross operating margin +€934
up €934 (+2.4%), from €39,233 to €40,167
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €258,161 | €290,666 | +€32,504 | +12.6% |
| Fixed assets | 21/28 | €62,556 | €58,445 | -€4,111 | -6.6% |
| Tangible fixed assets | 22/27 | €62,496 | €58,385 | -€4,111 | -6.6% |
| Furniture and vehicles | 24 | €62,496 | €43,343 | -€19,153 | -30.6% |
| Other tangible fixed assets | 26 | - | €15,043 | +€15,043 | |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €195,605 | €232,220 | +€36,615 | +18.7% |
| Amounts receivable within one year | 40/41 | €189,218 | €229,875 | +€40,656 | +21.5% |
| Trade receivables | 40 | €18,660 | €46,237 | +€27,577 | +148% |
| Other amounts receivable | 41 | €170,558 | €183,638 | +€13,079 | +7.7% |
| Cash at bank and in hand | 54/58 | €6,387 | €2,266 | -€4,121 | -64.5% |
| Deferred charges and accrued income | 490/1 | - | €79 | +€79 | |
| Total equity and liabilities | 10/49 | €258,161 | €290,666 | +€32,504 | +12.6% |
| Equity | 10/15 | €74,859 | €90,999 | +€16,140 | +21.6% |
| Contributions | 10/11 | €10,400 | €10,400 | = | 0.0% |
| Contributions outside capital | 11 | €10,400 | - | -€10,400 | |
| Other | 1109/19 | €10,400 | - | -€10,400 | |
| Reserves | 13 | €14,843 | €34,843 | +€20,000 | +135% |
| Non-distributable reserves | 130/1 | €843 | €843 | = | 0.0% |
| Legal reserve | 130 | €843 | - | -€843 | |
| Reserves not available under the articles | 1311 | - | €843 | +€843 | |
| Distributable reserves | 133 | €14,000 | €34,000 | +€20,000 | +143% |
| Profit (loss) carried forward | 14 | €49,616 | €45,756 | -€3,860 | -7.8% |
| Amounts payable | 17/49 | €183,303 | €199,667 | +€16,364 | +8.9% |
| Amounts payable after more than one year | 17 | €48,959 | €38,221 | -€10,738 | -21.9% |
| Financial debts | 170/4 | €48,959 | €38,221 | -€10,738 | -21.9% |
| Amounts payable within one year | 42/48 | €134,344 | €161,445 | +€27,102 | +20.2% |
| Current portion of amounts payable after more than one year | 42 | €10,234 | €10,738 | +€503 | +4.9% |
| Trade debts | 44 | €27,192 | €35,708 | +€8,515 | +31.3% |
| Suppliers | 440/4 | €27,192 | €35,708 | +€8,515 | +31.3% |
| Advances received on contracts in progress | 46 | €67,680 | €85,580 | +€17,900 | +26.4% |
| Taxes, remuneration and social security | 45 | €29,237 | €29,420 | +€183 | +0.6% |
| Taxes | 450/3 | €29,237 | €29,420 | +€183 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,119 | €19,349 | -€770 | -3.8% |
| Other operating charges | 640/8 | €3,170 | €805 | -€2,365 | -74.6% |
| Gross operating margin | 9900 | €39,233 | €40,167 | +€934 | +2.4% |
| Operating profit (loss) | 9901 | €15,943 | €20,013 | +€4,070 | +25.5% |
| Financial income | 75/76B | €8,561 | €10,702 | +€2,141 | +25.0% |
| Recurring financial income | 75 | €8,561 | €10,702 | +€2,141 | +25.0% |
| Financial charges | 65/66B | €3,681 | €2,222 | -€1,459 | -39.6% |
| Recurring financial charges | 65 | €3,681 | €2,222 | -€1,459 | -39.6% |
| Profit (loss) for the period before taxes | 9903 | €20,823 | €28,493 | +€7,670 | +36.8% |
| Income taxes | 67/77 | €8,265 | €12,353 | +€4,088 | +49.5% |
| Profit (loss) for the period | 9904 | €12,558 | €16,140 | +€3,582 | +28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,558 | €16,140 | +€3,582 | +28.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.