STEPS MEUBLES: 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.
STEPS MEUBLES
Largest movements
- Cash +€116,185
up €116,185 (+560%), from €20,739 to €136,924
mainly Current portion of long-term debt (+€126,411) and Depreciation (+€97,456)
- Stocks and contracts -€46,219
down €46,219 (-66.1%), from €69,939 to €23,719
- Receivables within one year +€33,206
up €33,206 (+71.0%), from €46,749 to €79,954
of which Trade receivables: +€33,540
- Current portion of long-term debt +€126,411
up €126,411 (+220%), from €57,480 to €183,892
- Debts after one year -€105,773
down €105,773 (-13.5%), from €783,762 to €677,989
of which Financial debts: -€107,773
- Profit (loss) carried forward +€74,926
up €74,926 (+158%), from €47,461 to €122,388
- Tax, wage and social debts +€20,987
up €20,987 (+167%), from €12,565 to €33,552
of which Remuneration and social security: +€13,041
- Gross operating margin +€97,341
up €97,341 (+42.7%), from €228,058 to €325,400
- Taxes +€17,515
up €17,515 (+10,437%), from €168 to €17,683
- Financial income -€8,951
down €8,951 (-68.1%), from €13,137 to €4,187
- Staff costs -€6,031
down €6,031 (-5.4%), from €112,468 to €106,437
- Other operating charges +€4,472
up €4,472 (+193%), from €2,322 to €6,793
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 | €1,153,444 | €1,265,997 | +€112,553 | +9.8% |
| Fixed assets | 21/28 | €1,010,245 | €1,015,833 | +€5,587 | +0.6% |
| Intangible fixed assets | 21 | €4,610 | €5,810 | +€1,200 | +26.0% |
| Tangible fixed assets | 22/27 | €1,005,635 | €1,010,022 | +€4,387 | +0.4% |
| Land and buildings | 22 | €899,885 | €927,189 | +€27,304 | +3.0% |
| Plant, machinery and equipment | 23 | €59,666 | €50,655 | -€9,011 | -15.1% |
| Furniture and vehicles | 24 | €31,898 | €22,659 | -€9,239 | -29.0% |
| Leasing and similar rights | 25 | €14,186 | €9,519 | -€4,666 | -32.9% |
| Current assets | 29/58 | €143,198 | €250,164 | +€106,966 | +74.7% |
| Stocks and contracts in progress | 3 | €69,939 | €23,719 | -€46,219 | -66.1% |
| Stocks | 30/36 | €69,939 | €23,719 | -€46,219 | -66.1% |
| Amounts receivable within one year | 40/41 | €46,749 | €79,954 | +€33,206 | +71.0% |
| Trade receivables | 40 | €36,483 | €70,023 | +€33,540 | +91.9% |
| Other amounts receivable | 41 | €10,266 | €9,932 | -€334 | -3.3% |
| Cash at bank and in hand | 54/58 | €20,739 | €136,924 | +€116,185 | +560% |
| Deferred charges and accrued income | 490/1 | €5,772 | €9,567 | +€3,794 | +65.7% |
| Total equity and liabilities | 10/49 | €1,153,444 | €1,265,997 | +€112,553 | +9.8% |
| Equity | 10/15 | €234,870 | €305,747 | +€70,877 | +30.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Revaluation surpluses | 12 | €117,067 | €111,213 | -€5,853 | -5.0% |
| Reserves | 13 | - | €5,853 | +€5,853 | |
| Distributable reserves | 133 | - | €5,853 | +€5,853 | |
| Profit (loss) carried forward | 14 | €47,461 | €122,388 | +€74,926 | +158% |
| Investment grants | 15 | €40,342 | €36,292 | -€4,050 | -10.0% |
| Amounts payable | 17/49 | €918,574 | €960,250 | +€41,676 | +4.5% |
| Amounts payable after more than one year | 17 | €783,762 | €677,989 | -€105,773 | -13.5% |
| Financial debts | 170/4 | €780,650 | €672,877 | -€107,773 | -13.8% |
| Other amounts payable | 178/9 | €3,112 | €5,112 | +€2,000 | +64.3% |
| Amounts payable within one year | 42/48 | €134,812 | €282,261 | +€147,449 | +109% |
| Current portion of amounts payable after more than one year | 42 | €57,480 | €183,892 | +€126,411 | +220% |
| Trade debts | 44 | €35,212 | €42,880 | +€7,668 | +21.8% |
| Suppliers | 440/4 | €35,212 | €42,880 | +€7,668 | +21.8% |
| Taxes, remuneration and social security | 45 | €12,565 | €33,552 | +€20,987 | +167% |
| Taxes | 450/3 | €2,324 | €10,270 | +€7,946 | +342% |
| Remuneration and social security | 454/9 | €10,241 | €23,282 | +€13,041 | +127% |
| Other amounts payable | 47/48 | €29,555 | €21,937 | -€7,618 | -25.8% |
| Non-recurring operating income | 76A | - | €9,796 | +€9,796 | |
| Remuneration, social security and pensions | 62 | €112,468 | €106,437 | -€6,031 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,661 | €97,456 | -€2,205 | -2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,472 | +€3,472 | |
| Other operating charges | 640/8 | €2,322 | €6,793 | +€4,472 | +193% |
| Gross operating margin | 9900 | €228,058 | €325,400 | +€97,341 | +42.7% |
| Operating profit (loss) | 9901 | €13,607 | €111,241 | +€97,634 | +718% |
| Financial income | 75/76B | €13,137 | €4,187 | -€8,951 | -68.1% |
| Recurring financial income | 75 | €13,137 | €4,187 | -€8,951 | -68.1% |
| Financial charges | 65/66B | €22,869 | €21,777 | -€1,092 | -4.8% |
| Recurring financial charges | 65 | €22,869 | €21,777 | -€1,092 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €3,875 | €93,651 | +€89,776 | +2,317% |
| Income taxes | 67/77 | €168 | €17,683 | +€17,515 | +10,437% |
| Profit (loss) for the period | 9904 | €3,708 | €75,968 | +€72,261 | +1,949% |
| Profit (loss) for the period to be appropriated | 9905 | €3,708 | €75,968 | +€72,261 | +1,949% |
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.