STEPPERS: 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.
STEPPERS
Largest movements
- Receivables within one year +€11,942
up €11,942 (+70.1%), from €17,036 to €28,978
- Tangible fixed assets -€9,072
down €9,072 (-8.6%), from €105,414 to €96,342
of which Land and buildings: -€7,045
- Cash +€3,733
up €3,733 (+11.2%), from €33,376 to €37,109
mainly Net result for the year (+€25,682) and Other debts (+€24,863)
- Other debts +€24,863
up €24,863 (+365.6%), from €6,800 to €31,663
- Trade debts -€12,205
down €12,205 (-60.2%), from €20,260 to €8,055
- Profit (loss) carried forward +€5,682
up €5,682 (+599.7%), from €948 to €6,629
- Debts after one year -€5,640
down €5,640 (-7.8%), from €72,762 to €67,122
of which Financial debts: -€5,640
- Tax, wage and social debts -€2,834
down €2,834 (-10.9%), from €26,090 to €23,256
of which Taxes: -€4,878
- Gross operating margin +€77,301
up €77,301 (+147.1%), from €52,557 to €129,858
- Staff costs +€40,075
up €40,075 (+88.1%), from €45,467 to €85,542
- Taxes +€2,252
up €2,252 (+1531.0%), from €147 to €2,399
- Depreciation -€1,793
down €1,793 (-15.0%), from €11,990 to €10,197
- Other operating charges -€1,688
down €1,688 (-41.7%), from €4,050 to €2,362
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 | €157,102 | €164,742 | +€7,640 | +4.9% |
| Fixed assets | 21/28 | €105,914 | €96,842 | -€9,072 | -8.6% |
| Tangible fixed assets | 22/27 | €105,414 | €96,342 | -€9,072 | -8.6% |
| Land and buildings | 22 | €93,792 | €86,747 | -€7,045 | -7.5% |
| Furniture and vehicles | 24 | €2,240 | €2,062 | -€177 | -7.9% |
| Other tangible fixed assets | 26 | €9,382 | €7,532 | -€1,850 | -19.7% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €51,188 | €67,900 | +€16,712 | +32.6% |
| Amounts receivable within one year | 40/41 | €17,036 | €28,978 | +€11,942 | +70.1% |
| Trade receivables | 40 | €17,036 | €28,978 | +€11,942 | +70.1% |
| Cash at bank and in hand | 54/58 | €33,376 | €37,109 | +€3,733 | +11.2% |
| Deferred charges and accrued income | 490/1 | €776 | €1,812 | +€1,037 | +133.7% |
| Total equity and liabilities | 10/49 | €157,102 | €164,742 | +€7,640 | +4.9% |
| Equity | 10/15 | €21,408 | €27,089 | +€5,682 | +26.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €948 | €6,629 | +€5,682 | +599.7% |
| Amounts payable | 17/49 | €135,694 | €137,652 | +€1,958 | +1.4% |
| Amounts payable after more than one year | 17 | €72,762 | €67,122 | -€5,640 | -7.8% |
| Financial debts | 170/4 | €69,256 | €63,616 | -€5,640 | -8.1% |
| Other amounts payable | 178/9 | €3,506 | €3,506 | = | 0.0% |
| Amounts payable within one year | 42/48 | €58,974 | €69,072 | +€10,098 | +17.1% |
| Current portion of amounts payable after more than one year | 42 | €5,824 | €6,098 | +€274 | +4.7% |
| Trade debts | 44 | €20,260 | €8,055 | -€12,205 | -60.2% |
| Suppliers | 440/4 | €20,260 | €8,055 | -€12,205 | -60.2% |
| Taxes, remuneration and social security | 45 | €26,090 | €23,256 | -€2,834 | -10.9% |
| Taxes | 450/3 | €11,468 | €6,590 | -€4,878 | -42.5% |
| Remuneration and social security | 454/9 | €14,622 | €16,666 | +€2,044 | +14.0% |
| Other amounts payable | 47/48 | €6,800 | €31,663 | +€24,863 | +365.6% |
| Accrued charges and deferred income | 492/3 | €3,958 | €1,458 | -€2,500 | -63.2% |
| Remuneration, social security and pensions | 62 | €45,467 | €85,542 | +€40,075 | +88.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,990 | €10,197 | -€1,793 | -15.0% |
| Other operating charges | 640/8 | €4,050 | €2,362 | -€1,688 | -41.7% |
| Gross operating margin | 9900 | €52,557 | €129,858 | +€77,301 | +147.1% |
| Operating profit (loss) | 9901 | -€8,949 | €31,758 | +€40,707 | |
| Financial income | 75/76B | €0 | €247 | +€247 | +2471700.0% |
| Recurring financial income | 75 | €0 | €247 | +€247 | +2471700.0% |
| Financial charges | 65/66B | €4,217 | €3,924 | -€293 | -7.0% |
| Recurring financial charges | 65 | €4,217 | €3,924 | -€293 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,166 | €28,081 | +€41,247 | |
| Income taxes | 67/77 | €147 | €2,399 | +€2,252 | +1531.0% |
| Profit (loss) for the period | 9904 | -€13,313 | €25,682 | +€38,995 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,313 | €25,682 | +€38,995 |
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 10 October 2026 via checked.be.