Steppe: 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.
Steppe
Largest movements
- Cash +€117,406
up €117,406 (+216.8%), from €54,150 to €171,556
mainly Net result for the year (+€140,020) and Other debts (+€37,405)
- Receivables within one year +€24,564
up €24,564 (+209.5%), from €11,725 to €36,289
of which Trade receivables: +€24,229
- Tangible fixed assets -€24,138
down €24,138 (-39.5%), from €61,127 to €36,988
of which Furniture and vehicles: -€23,673
- Profit (loss) carried forward +€83,352
no longer reported in 2025 (was -€83,352)
- Other debts +€37,405
up €37,405 (+246.2%), from €15,191 to €52,596
- Trade debts +€20,931
up €20,931 (+195.0%), from €10,731 to €31,662
- Current portion of long-term debt -€17,295
down €17,295 (-84.9%), from €20,360 to €3,065
- Reserves -€15,333
down €15,333 (-13.0%), from €117,808 to €102,475
- Gross operating margin +€247,234
up €247,234 (+1442.0%), from €17,146 to €264,380
- Taxes +€28,494
up €28,494 (+2522.5%), from €1,130 to €29,623
- Depreciation -€3,216
down €3,216 (-9.2%), from €34,973 to €31,757
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 | €127,143 | €246,327 | +€119,184 | +93.7% |
| Fixed assets | 21/28 | €61,127 | €36,988 | -€24,138 | -39.5% |
| Tangible fixed assets | 22/27 | €61,127 | €36,988 | -€24,138 | -39.5% |
| Plant, machinery and equipment | 23 | €7,429 | €4,025 | -€3,404 | -45.8% |
| Furniture and vehicles | 24 | €30,512 | €6,839 | -€23,673 | -77.6% |
| Other tangible fixed assets | 26 | €23,186 | €26,124 | +€2,939 | +12.7% |
| Current assets | 29/58 | €66,016 | €209,339 | +€143,323 | +217.1% |
| Amounts receivable within one year | 40/41 | €11,725 | €36,289 | +€24,564 | +209.5% |
| Trade receivables | 40 | €11,683 | €35,912 | +€24,229 | +207.4% |
| Other amounts receivable | 41 | €42 | €377 | +€335 | +801.7% |
| Cash at bank and in hand | 54/58 | €54,150 | €171,556 | +€117,406 | +216.8% |
| Deferred charges and accrued income | 490/1 | €141 | €1,494 | +€1,353 | +958.8% |
| Total equity and liabilities | 10/49 | €127,143 | €246,327 | +€119,184 | +93.7% |
| Equity | 10/15 | €53,048 | €121,067 | +€68,020 | +128.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €117,808 | €102,475 | -€15,333 | -13.0% |
| Distributable reserves | 133 | €117,808 | €102,475 | -€15,333 | -13.0% |
| Profit (loss) carried forward | 14 | -€83,352 | - | +€83,352 | |
| Amounts payable | 17/49 | €74,095 | €125,260 | +€51,165 | +69.1% |
| Amounts payable after more than one year | 17 | €3,065 | - | -€3,065 | |
| Financial debts | 170/4 | €3,065 | - | -€3,065 | |
| Amounts payable within one year | 42/48 | €71,031 | €125,260 | +€54,229 | +76.3% |
| Current portion of amounts payable after more than one year | 42 | €20,360 | €3,065 | -€17,295 | -84.9% |
| Trade debts | 44 | €10,731 | €31,662 | +€20,931 | +195.0% |
| Suppliers | 440/4 | €10,731 | €31,662 | +€20,931 | +195.0% |
| Taxes, remuneration and social security | 45 | €24,749 | €37,937 | +€13,188 | +53.3% |
| Taxes | 450/3 | €14,124 | €26,038 | +€11,915 | +84.4% |
| Remuneration and social security | 454/9 | €10,625 | €11,899 | +€1,273 | +12.0% |
| Other amounts payable | 47/48 | €15,191 | €52,596 | +€37,405 | +246.2% |
| Remuneration, social security and pensions | 62 | €60,849 | €62,046 | +€1,197 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,973 | €31,757 | -€3,216 | -9.2% |
| Other operating charges | 640/8 | €2,729 | €3,005 | +€276 | +10.1% |
| Gross operating margin | 9900 | €17,146 | €264,380 | +€247,234 | +1442.0% |
| Operating profit (loss) | 9901 | -€81,405 | €167,572 | +€248,978 | |
| Financial income | 75/76B | €90 | €1,604 | +€1,514 | +1675.4% |
| Recurring financial income | 75 | €90 | €1,604 | +€1,514 | +1675.4% |
| Financial charges | 65/66B | €908 | -€467 | -€1,375 | |
| Recurring financial charges | 65 | €908 | -€467 | -€1,375 | |
| Profit (loss) for the period before taxes | 9903 | -€82,223 | €169,643 | +€251,866 | |
| Income taxes | 67/77 | €1,130 | €29,623 | +€28,494 | +2522.5% |
| Profit (loss) for the period | 9904 | -€83,352 | €140,020 | +€223,372 | |
| Profit (loss) for the period to be appropriated | 9905 | -€83,352 | €140,020 | +€223,372 |
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 12 October 2026 via checked.be.