STEVE NILSEN: what changed
STEVE NILSEN
Largest movements
- Cash +€50,658
up €50,658 (+72.7%), from €69,704 to €120,362
mainly Debts after one year (+€50,000) and Net result for the year (+€25,692)
- Tangible fixed assets -€20,862
down €20,862 (-38.5%), from €54,121 to €33,259
of which Furniture and vehicles: -€11,204
- Receivables within one year -€3,597
down €3,597 (-68.2%), from €5,275 to €1,678
of which Other amounts receivable: -€2,669
- Other debts -€50,700
down €50,700 (-77.0%), from €65,826 to €15,126
- Debts after one year +€50,000
new in 2025: €50,000
- Reserves +€25,000
up €25,000 (+72.6%), from €34,446 to €59,446
- Tax, wage and social debts +€7,566
new in 2025: €7,566
- Current portion of long-term debt -€6,386
no longer reported in 2025 (was €6,386)
- Gross operating margin +€18,671
up €18,671 (+45.7%), from €40,865 to €59,537
- Taxes +€4,290
up €4,290 (+141%), from €3,040 to €7,330
- Depreciation -€794
down €794 (-3.5%), from €22,776 to €21,982
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €131,922 | €157,351 | +€25,429 | +19.3% |
| Fixed assets | 21/28 | €56,943 | €34,962 | -€21,982 | -38.6% |
| Intangible fixed assets | 21 | €2,823 | €1,703 | -€1,120 | -39.7% |
| Tangible fixed assets | 22/27 | €54,121 | €33,259 | -€20,862 | -38.5% |
| Plant, machinery and equipment | 23 | €6,707 | €4,092 | -€2,616 | -39.0% |
| Furniture and vehicles | 24 | €21,338 | €10,133 | -€11,204 | -52.5% |
| Other tangible fixed assets | 26 | €26,076 | €19,034 | -€7,042 | -27.0% |
| Current assets | 29/58 | €74,979 | €122,390 | +€47,411 | +63.2% |
| Amounts receivable within one year | 40/41 | €5,275 | €1,678 | -€3,597 | -68.2% |
| Trade receivables | 40 | €928 | - | -€928 | |
| Other amounts receivable | 41 | €4,347 | €1,678 | -€2,669 | -61.4% |
| Cash at bank and in hand | 54/58 | €69,704 | €120,362 | +€50,658 | +72.7% |
| Deferred charges and accrued income | 490/1 | - | €350 | +€350 | |
| Total equity and liabilities | 10/49 | €131,922 | €157,351 | +€25,429 | +19.3% |
| Equity | 10/15 | €53,207 | €78,066 | +€24,859 | +46.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €34,446 | €59,446 | +€25,000 | +72.6% |
| Distributable reserves | 133 | €34,446 | €59,446 | +€25,000 | +72.6% |
| Profit (loss) carried forward | 14 | €162 | €20 | -€141 | -87.3% |
| Amounts payable | 17/49 | €78,715 | €79,285 | +€570 | +0.7% |
| Amounts payable after more than one year | 17 | - | €50,000 | +€50,000 | |
| Other amounts payable | 178/9 | - | €50,000 | +€50,000 | |
| Amounts payable within one year | 42/48 | €76,435 | €26,500 | -€49,935 | -65.3% |
| Current portion of amounts payable after more than one year | 42 | €6,386 | - | -€6,386 | |
| Trade debts | 44 | €1,143 | €2,661 | +€1,518 | +133% |
| Suppliers | 440/4 | €1,143 | €2,661 | +€1,518 | +133% |
| Advances received on contracts in progress | 46 | €3,079 | €1,147 | -€1,933 | -62.8% |
| Taxes, remuneration and social security | 45 | - | €7,566 | +€7,566 | |
| Taxes | 450/3 | - | €7,566 | +€7,566 | |
| Other amounts payable | 47/48 | €65,826 | €15,126 | -€50,700 | -77.0% |
| Accrued charges and deferred income | 492/3 | €2,280 | €2,785 | +€505 | +22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,776 | €21,982 | -€794 | -3.5% |
| Other operating charges | 640/8 | €1,242 | €1,308 | +€66 | +5.3% |
| Gross operating margin | 9900 | €40,865 | €59,537 | +€18,671 | +45.7% |
| Operating profit (loss) | 9901 | €16,848 | €36,248 | +€19,400 | +115% |
| Financial income | 75/76B | €114 | €81 | -€33 | -29.0% |
| Recurring financial income | 75 | €114 | €81 | -€33 | -29.0% |
| Financial charges | 65/66B | €2,964 | €3,307 | +€343 | +11.6% |
| Recurring financial charges | 65 | €2,964 | €3,307 | +€343 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | €13,999 | €33,022 | +€19,023 | +136% |
| Income taxes | 67/77 | €3,040 | €7,330 | +€4,290 | +141% |
| Profit (loss) for the period | 9904 | €10,959 | €25,692 | +€14,733 | +134% |
| Profit (loss) for the period to be appropriated | 9905 | €10,959 | €25,692 | +€14,733 | +134% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.