STEPWISE: 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.
STEPWISE
Largest movements
- Deferred charges and accrued income +€2,327
new in 2025: €2,327
- Receivables within one year -€1,186
down €1,186 (-28.5%), from €4,158 to €2,972
of which Trade receivables: -€2,525
- Cash -€798
down €798 (-3.1%), from €26,072 to €25,275
mainly Tax, wage and social debts (-€2,812) and Deferred charges and accrued income (-€2,327)
- Reserves +€3,655
up €3,655 (+16.4%), from €22,327 to €25,982
- Tax, wage and social debts -€2,812
down €2,812 (-77.0%), from €3,654 to €842
- Trade debts -€499
down €499 (-28.5%), from €1,749 to €1,250
- Gross operating margin -€4,398
down €4,398 (-42.0%), from €10,468 to €6,070
- Taxes -€1,553
down €1,553 (-48.0%), from €3,237 to €1,684
- Staff costs +€262
new in 2025: €262
- Financial income +€225
new in 2025: €225
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 | €30,230 | €30,574 | +€344 | +1.1% |
| Current assets | 29/58 | €30,230 | €30,574 | +€344 | +1.1% |
| Amounts receivable within one year | 40/41 | €4,158 | €2,972 | -€1,186 | -28.5% |
| Trade receivables | 40 | €4,158 | €1,633 | -€2,525 | -60.7% |
| Other amounts receivable | 41 | - | €1,339 | +€1,339 | |
| Cash at bank and in hand | 54/58 | €26,072 | €25,275 | -€798 | -3.1% |
| Deferred charges and accrued income | 490/1 | - | €2,327 | +€2,327 | |
| Total equity and liabilities | 10/49 | €30,230 | €30,574 | +€344 | +1.1% |
| Equity | 10/15 | €24,827 | €28,482 | +€3,655 | +14.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €22,327 | €25,982 | +€3,655 | +16.4% |
| Distributable reserves | 133 | €22,327 | €25,982 | +€3,655 | +16.4% |
| Amounts payable | 17/49 | €5,403 | €2,092 | -€3,311 | -61.3% |
| Amounts payable within one year | 42/48 | €5,403 | €2,092 | -€3,311 | -61.3% |
| Trade debts | 44 | €1,749 | €1,250 | -€499 | -28.5% |
| Suppliers | 440/4 | €1,749 | €1,250 | -€499 | -28.5% |
| Taxes, remuneration and social security | 45 | €3,654 | €842 | -€2,812 | -77.0% |
| Taxes | 450/3 | €3,654 | €842 | -€2,812 | -77.0% |
| Remuneration, social security and pensions | 62 | - | €262 | +€262 | |
| Other operating charges | 640/8 | €604 | €619 | +€15 | +2.4% |
| Gross operating margin | 9900 | €10,468 | €6,070 | -€4,398 | -42.0% |
| Operating profit (loss) | 9901 | €9,864 | €5,189 | -€4,675 | -47.4% |
| Financial income | 75/76B | - | €225 | +€225 | |
| Recurring financial income | 75 | - | €225 | +€225 | |
| Financial charges | 65/66B | €69 | €75 | +€6 | +8.7% |
| Recurring financial charges | 65 | €69 | €75 | +€6 | +8.7% |
| Profit (loss) for the period before taxes | 9903 | €9,795 | €5,339 | -€4,456 | -45.5% |
| Income taxes | 67/77 | €3,237 | €1,684 | -€1,553 | -48.0% |
| Profit (loss) for the period | 9904 | €6,558 | €3,655 | -€2,903 | -44.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,558 | €3,655 | -€2,903 | -44.3% |
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 25 October 2026 via checked.be.