STEPOTION: 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.
STEPOTION
Largest movements
- Cash +€60,575
up €60,575 (+19.6%), from €309,577 to €370,152
mainly Other debts (+€157,589) and Net result for the year (+€50,112)
- Receivables within one year -€28,841
down €28,841 (-67.1%), from €42,964 to €14,123
of which Trade receivables: -€27,741
- Other debts +€157,589
up €157,589 (+705.6%), from €22,334 to €179,923
- Reserves -€124,888
down €124,888 (-39.4%), from €317,052 to €192,164
- Trade debts -€4,049
down €4,049 (-69.9%), from €5,795 to €1,746
- Gross operating margin -€33,010
down €33,010 (-30.7%), from €107,437 to €74,427
- Taxes -€2,401
down €2,401 (-11.5%), from €20,899 to €18,498
- Other operating charges +€1,188
up €1,188 (+75.6%), from €1,572 to €2,760
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 | €361,171 | €388,490 | +€27,319 | +7.6% |
| Fixed assets | 21/28 | €7,020 | €4,215 | -€2,805 | -40.0% |
| Tangible fixed assets | 22/27 | €7,020 | €4,215 | -€2,805 | -40.0% |
| Plant, machinery and equipment | 23 | €651 | €42 | -€609 | -93.5% |
| Furniture and vehicles | 24 | €1,059 | - | -€1,059 | |
| Other tangible fixed assets | 26 | €5,310 | €4,173 | -€1,137 | -21.4% |
| Current assets | 29/58 | €354,151 | €384,275 | +€30,124 | +8.5% |
| Amounts receivable within one year | 40/41 | €42,964 | €14,123 | -€28,841 | -67.1% |
| Trade receivables | 40 | €41,864 | €14,123 | -€27,741 | -66.3% |
| Other amounts receivable | 41 | €1,100 | - | -€1,100 | |
| Cash at bank and in hand | 54/58 | €309,577 | €370,152 | +€60,575 | +19.6% |
| Deferred charges and accrued income | 490/1 | €1,610 | - | -€1,610 | |
| Total equity and liabilities | 10/49 | €361,171 | €388,490 | +€27,319 | +7.6% |
| Equity | 10/15 | €320,052 | €195,164 | -€124,888 | -39.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €317,052 | €192,164 | -€124,888 | -39.4% |
| Distributable reserves | 133 | €317,052 | €192,164 | -€124,888 | -39.4% |
| Amounts payable | 17/49 | €41,119 | €193,326 | +€152,207 | +370.2% |
| Amounts payable within one year | 42/48 | €41,119 | €193,326 | +€152,207 | +370.2% |
| Trade debts | 44 | €5,795 | €1,746 | -€4,049 | -69.9% |
| Suppliers | 440/4 | €5,795 | €1,746 | -€4,049 | -69.9% |
| Taxes, remuneration and social security | 45 | €12,990 | €11,657 | -€1,333 | -10.3% |
| Taxes | 450/3 | €12,990 | €11,657 | -€1,333 | -10.3% |
| Other amounts payable | 47/48 | €22,334 | €179,923 | +€157,589 | +705.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,183 | €2,805 | +€622 | +28.5% |
| Other operating charges | 640/8 | €1,572 | €2,760 | +€1,188 | +75.6% |
| Gross operating margin | 9900 | €107,437 | €74,427 | -€33,010 | -30.7% |
| Operating profit (loss) | 9901 | €103,682 | €68,862 | -€34,820 | -33.6% |
| Financial charges | 65/66B | €103 | €252 | +€149 | +144.7% |
| Recurring financial charges | 65 | €103 | €252 | +€149 | +144.7% |
| Profit (loss) for the period before taxes | 9903 | €103,579 | €68,610 | -€34,969 | -33.8% |
| Income taxes | 67/77 | €20,899 | €18,498 | -€2,401 | -11.5% |
| Profit (loss) for the period | 9904 | €82,680 | €50,112 | -€32,568 | -39.4% |
| Profit (loss) for the period to be appropriated | 9905 | €82,680 | €50,112 | -€32,568 | -39.4% |
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.