STEVE MEES MANAGEMENT: 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.
STEVE MEES MANAGEMENT
Largest movements
- Cash +€69,675
up €69,675 (+234%), from €29,834 to €99,508
mainly Net result for the year (+€223,752) and Accrued charges and deferred income (+€161,460)
- Reserves +€216,452
up €216,452 (+487%), from €44,431 to €260,883
- Other debts -€191,662
down €191,662 (-99.7%), from €192,225 to €562
- Accrued charges and deferred income +€161,460
up €161,460 (+8,073%), from €2,000 to €163,460
- Debts after one year -€132,761
down €132,761 (-18.4%), from €722,650 to €589,889
- Financial income +€210,023
up €210,023, from €0 to €210,023
- Gross operating margin +€17,121
up €17,121 (+32.9%), from €52,081 to €69,201
- Taxes +€6,410
up €6,410 (+293%), from €2,188 to €8,598
- Financial charges -€5,657
down €5,657 (-12.6%), from €44,850 to €39,193
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 | €1,106,579 | €1,169,000 | +€62,421 | +5.6% |
| Fixed assets | 21/28 | €1,071,637 | €1,068,375 | -€3,263 | -0.3% |
| Tangible fixed assets | 22/27 | €35,605 | €32,342 | -€3,263 | -9.2% |
| Furniture and vehicles | 24 | €4,966 | €5,591 | +€625 | +12.6% |
| Other tangible fixed assets | 26 | €30,639 | €26,752 | -€3,888 | -12.7% |
| Financial fixed assets | 28 | €1,036,032 | €1,036,032 | = | 0.0% |
| Current assets | 29/58 | €34,941 | €100,626 | +€65,684 | +188% |
| Amounts receivable within one year | 40/41 | €4,900 | €0 | -€4,900 | -100% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €4,900 | €0 | -€4,900 | -100% |
| Cash at bank and in hand | 54/58 | €29,834 | €99,508 | +€69,675 | +234% |
| Deferred charges and accrued income | 490/1 | €208 | €1,117 | +€910 | +438% |
| Total equity and liabilities | 10/49 | €1,106,579 | €1,169,000 | +€62,421 | +5.6% |
| Equity | 10/15 | €45,931 | €262,383 | +€216,452 | +471% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €44,431 | €260,883 | +€216,452 | +487% |
| Distributable reserves | 133 | €44,431 | €260,883 | +€216,452 | +487% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,060,648 | €906,618 | -€154,030 | -14.5% |
| Amounts payable after more than one year | 17 | €722,650 | €589,889 | -€132,761 | -18.4% |
| Financial debts | 170/4 | €722,650 | €589,889 | -€132,761 | -18.4% |
| Amounts payable within one year | 42/48 | €335,998 | €153,269 | -€182,730 | -54.4% |
| Current portion of amounts payable after more than one year | 42 | €128,742 | €132,761 | +€4,018 | +3.1% |
| Trade debts | 44 | €1,563 | €2,235 | +€672 | +43.0% |
| Suppliers | 440/4 | €1,563 | €2,235 | +€672 | +43.0% |
| Taxes, remuneration and social security | 45 | €13,469 | €17,711 | +€4,242 | +31.5% |
| Taxes | 450/3 | €13,469 | €17,711 | +€4,242 | +31.5% |
| Other amounts payable | 47/48 | €192,225 | €562 | -€191,662 | -99.7% |
| Accrued charges and deferred income | 492/3 | €2,000 | €163,460 | +€161,460 | +8,073% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,980 | €6,300 | +€320 | +5.4% |
| Other operating charges | 640/8 | €795 | €805 | +€9 | +1.2% |
| Non-recurring operating charges | 66A | €78 | €577 | +€499 | +640% |
| Gross operating margin | 9900 | €52,081 | €69,201 | +€17,121 | +32.9% |
| Operating profit (loss) | 9901 | €45,227 | €61,519 | +€16,292 | +36.0% |
| Financial income | 75/76B | €0 | €210,023 | +€210,023 | |
| Recurring financial income | 75 | €0 | €210,023 | +€210,023 | |
| Financial charges | 65/66B | €44,850 | €39,193 | -€5,657 | -12.6% |
| Recurring financial charges | 65 | €44,850 | €39,193 | -€5,657 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €378 | €232,349 | +€231,972 | +61,441% |
| Income taxes | 67/77 | €2,188 | €8,598 | +€6,410 | +293% |
| Profit (loss) for the period | 9904 | -€1,811 | €223,752 | +€225,562 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,811 | €223,752 | +€225,562 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.