STEPPE: 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.
STEPPE
Largest movements
- Cash -€21,935
down €21,935 (-32.4%), from €67,601 to €45,666
mainly Net result for the year (-€23,370) and Other debts (-€5,557)
- Tangible fixed assets -€9,821
down €9,821 (-7.0%), from €140,706 to €130,885
of which Furniture and vehicles: -€6,547
- Profit (loss) carried forward -€23,370
down €23,370 (-12.7%), from €184,255 to €160,885
- Other debts -€5,557
down €5,557 (-51.3%), from €10,828 to €5,271
- Gross operating margin -€5,529
down €5,529 (-131.2%), from -€4,213 to -€9,743
- Depreciation -€3,926
down €3,926 (-23.3%), from €16,849 to €12,922
- Taxes -€137
down €137 (-20.8%), from €657 to €521
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 | €287,875 | €258,276 | -€29,600 | -10.3% |
| Fixed assets | 21/28 | €140,791 | €130,970 | -€9,821 | -7.0% |
| Tangible fixed assets | 22/27 | €140,706 | €130,885 | -€9,821 | -7.0% |
| Land and buildings | 22 | €134,159 | €127,784 | -€6,375 | -4.8% |
| Furniture and vehicles | 24 | €6,547 | €0 | -€6,547 | -100.0% |
| Assets under construction and advance payments | 27 | - | €3,101 | +€3,101 | |
| Financial fixed assets | 28 | €85 | €85 | = | 0.0% |
| Current assets | 29/58 | €147,084 | €127,306 | -€19,778 | -13.4% |
| Amounts receivable after more than one year | 29 | €75,000 | €75,000 | = | 0.0% |
| Other amounts receivable | 291 | €75,000 | €75,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,696 | €1,696 | = | 0.0% |
| Stocks | 30/36 | €1,696 | €1,696 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €1,000 | +€1,000 | |
| Other amounts receivable | 41 | - | €1,000 | +€1,000 | |
| Current investments | 50/53 | €122 | €122 | -€0 | -0.1% |
| Cash at bank and in hand | 54/58 | €67,601 | €45,666 | -€21,935 | -32.4% |
| Deferred charges and accrued income | 490/1 | €2,666 | €3,822 | +€1,156 | +43.4% |
| Total equity and liabilities | 10/49 | €287,875 | €258,276 | -€29,600 | -10.3% |
| Equity | 10/15 | €275,749 | €252,379 | -€23,370 | -8.5% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €41,916 | €41,916 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,958 | €4,958 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,958 | €4,958 | = | 0.0% |
| Distributable reserves | 133 | €36,958 | €36,958 | = | 0.0% |
| Profit (loss) carried forward | 14 | €184,255 | €160,885 | -€23,370 | -12.7% |
| Amounts payable | 17/49 | €12,126 | €5,896 | -€6,230 | -51.4% |
| Amounts payable within one year | 42/48 | €12,126 | €5,896 | -€6,230 | -51.4% |
| Trade debts | 44 | €195 | €105 | -€90 | -46.1% |
| Suppliers | 440/4 | €195 | €105 | -€90 | -46.1% |
| Taxes, remuneration and social security | 45 | €1,103 | €520 | -€583 | -52.8% |
| Taxes | 450/3 | €1,103 | €520 | -€583 | -52.8% |
| Other amounts payable | 47/48 | €10,828 | €5,271 | -€5,557 | -51.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,849 | €12,922 | -€3,926 | -23.3% |
| Other operating charges | 640/8 | €2,201 | €2,267 | +€67 | +3.0% |
| Gross operating margin | 9900 | -€4,213 | -€9,743 | -€5,529 | -131.2% |
| Operating profit (loss) | 9901 | -€23,263 | -€24,932 | -€1,669 | -7.2% |
| Financial income | 75/76B | €2,251 | €2,251 | -€0 | 0.0% |
| Recurring financial income | 75 | €2,251 | €2,251 | -€0 | 0.0% |
| Financial charges | 65/66B | €208 | €168 | -€40 | -19.1% |
| Recurring financial charges | 65 | €208 | €168 | -€40 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | -€21,220 | -€22,850 | -€1,630 | -7.7% |
| Income taxes | 67/77 | €657 | €521 | -€137 | -20.8% |
| Profit (loss) for the period | 9904 | -€21,877 | -€23,370 | -€1,493 | -6.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,877 | -€23,370 | -€1,493 | -6.8% |
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 4 October 2026 via checked.be.