Stepney Green Management: 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.
Stepney Green Management
Largest movements
- Current investments -€75,825
no longer reported in 2025 (was €75,825)
- Cash -€15,157
down €15,157 (-27.5%), from €55,168 to €40,011
mainly Contributions, distributions and other (-€149,600) and Investment in fixed assets (net) (-€16,213)
- Tangible fixed assets +€14,624
up €14,624 (+406%), from €3,601 to €18,224
of which Other tangible fixed assets: +€15,841
- Receivables within one year +€2,233
up €2,233 (+7.8%), from €28,554 to €30,788
of which Trade receivables: +€1,750
- Profit (loss) carried forward -€75,306
down €75,306 (-50.3%), from €149,693 to €74,388
- Gross operating margin +€13,431
up €13,431 (+16.6%), from €81,001 to €94,432
- Taxes +€2,564
up €2,564 (+15.5%), from €16,499 to €19,064
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 | €163,346 | €89,208 | -€74,139 | -45.4% |
| Fixed assets | 21/28 | €3,601 | €18,224 | +€14,624 | +406% |
| Tangible fixed assets | 22/27 | €3,601 | €18,224 | +€14,624 | +406% |
| Furniture and vehicles | 24 | €3,601 | €2,384 | -€1,217 | -33.8% |
| Other tangible fixed assets | 26 | - | €15,841 | +€15,841 | |
| Current assets | 29/58 | €159,746 | €70,983 | -€88,762 | -55.6% |
| Amounts receivable within one year | 40/41 | €28,554 | €30,788 | +€2,233 | +7.8% |
| Trade receivables | 40 | €27,104 | €28,854 | +€1,750 | +6.5% |
| Other amounts receivable | 41 | €1,450 | €1,934 | +€484 | +33.3% |
| Current investments | 50/53 | €75,825 | - | -€75,825 | |
| Cash at bank and in hand | 54/58 | €55,168 | €40,011 | -€15,157 | -27.5% |
| Deferred charges and accrued income | 490/1 | €198 | €185 | -€13 | -6.7% |
| Total equity and liabilities | 10/49 | €163,346 | €89,208 | -€74,139 | -45.4% |
| Equity | 10/15 | €153,693 | €78,388 | -€75,306 | -49.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €149,693 | €74,388 | -€75,306 | -50.3% |
| Amounts payable | 17/49 | €9,653 | €10,820 | +€1,167 | +12.1% |
| Amounts payable within one year | 42/48 | €9,653 | €10,820 | +€1,167 | +12.1% |
| Taxes, remuneration and social security | 45 | €9,632 | €10,554 | +€922 | +9.6% |
| Taxes | 450/3 | €9,372 | €10,554 | +€1,183 | +12.6% |
| Remuneration and social security | 454/9 | €261 | - | -€261 | |
| Other amounts payable | 47/48 | €21 | €266 | +€245 | +1,177% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,681 | €1,589 | -€93 | -5.5% |
| Other operating charges | 640/8 | €422 | €436 | +€13 | +3.2% |
| Gross operating margin | 9900 | €81,001 | €94,432 | +€13,431 | +16.6% |
| Operating profit (loss) | 9901 | €78,897 | €92,408 | +€13,510 | +17.1% |
| Financial income | 75/76B | €1,502 | €992 | -€509 | -33.9% |
| Recurring financial income | 75 | €1,502 | €992 | -€509 | -33.9% |
| Financial charges | 65/66B | €82 | €42 | -€41 | -49.3% |
| Recurring financial charges | 65 | €82 | €42 | -€41 | -49.3% |
| Profit (loss) for the period before taxes | 9903 | €80,317 | €93,358 | +€13,041 | +16.2% |
| Income taxes | 67/77 | €16,499 | €19,064 | +€2,564 | +15.5% |
| Profit (loss) for the period | 9904 | €63,818 | €74,294 | +€10,477 | +16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €63,818 | €74,294 | +€10,477 | +16.4% |
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 18 October 2026 via checked.be.