Steve van Dijk: 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 van Dijk
Largest movements
- Receivables within one year +€1,260
up €1,260 (+118.3%), from €1,065 to €2,325
of which Other amounts receivable: +€1,207
- Tangible fixed assets -€955
down €955 (-12.8%), from €7,445 to €6,490
of which Furniture and vehicles: -€1,411
- Stocks and contracts +€555
up €555 (+370.0%), from €150 to €705
- Cash +€331
up €331 (+10.9%), from €3,041 to €3,372
mainly Net result for the year (+€2,581) and Depreciation (+€1,983)
- Formation expenses -€166
no longer reported in 2025 (was €166)
- Reserves +€5,000
new in 2025: €5,000
- Profit (loss) carried forward -€3,252
down €3,252 (-94.8%), from €3,430 to €178
- Tax, wage and social debts -€1,209
down €1,209 (-68.4%), from €1,767 to €558
- Trade debts +€1,087
new in 2025: €1,087
- Other debts -€478
down €478 (-10.4%), from €4,583 to €4,105
- Gross operating margin -€1,171
down €1,171 (-17.5%), from €6,698 to €5,527
- Depreciation +€758
up €758 (+61.9%), from €1,225 to €1,983
- Taxes -€496
down €496 (-41.1%), from €1,206 to €710
- Other operating charges +€206
new in 2025: €206
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 | €12,280 | €13,428 | +€1,148 | +9.3% |
| Formation expenses | 20 | €166 | - | -€166 | |
| Fixed assets | 21/28 | €7,445 | €6,490 | -€955 | -12.8% |
| Tangible fixed assets | 22/27 | €7,445 | €6,490 | -€955 | -12.8% |
| Plant, machinery and equipment | 23 | €1,011 | €1,467 | +€456 | +45.1% |
| Furniture and vehicles | 24 | €6,434 | €5,023 | -€1,411 | -21.9% |
| Current assets | 29/58 | €4,669 | €6,938 | +€2,269 | +48.6% |
| Stocks and contracts in progress | 3 | €150 | €705 | +€555 | +370.0% |
| Stocks | 30/36 | €150 | €705 | +€555 | +370.0% |
| Amounts receivable within one year | 40/41 | €1,065 | €2,325 | +€1,260 | +118.3% |
| Trade receivables | 40 | €982 | €1,035 | +€53 | +5.4% |
| Other amounts receivable | 41 | €83 | €1,290 | +€1,207 | +1454.2% |
| Cash at bank and in hand | 54/58 | €3,041 | €3,372 | +€331 | +10.9% |
| Deferred charges and accrued income | 490/1 | €413 | €536 | +€123 | +29.8% |
| Total equity and liabilities | 10/49 | €12,280 | €13,428 | +€1,148 | +9.3% |
| Equity | 10/15 | €5,930 | €7,678 | +€1,748 | +29.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €5,000 | +€5,000 | |
| Distributable reserves | 133 | - | €5,000 | +€5,000 | |
| Profit (loss) carried forward | 14 | €3,430 | €178 | -€3,252 | -94.8% |
| Amounts payable | 17/49 | €6,350 | €5,750 | -€600 | -9.4% |
| Amounts payable within one year | 42/48 | €6,350 | €5,750 | -€600 | -9.4% |
| Trade debts | 44 | - | €1,087 | +€1,087 | |
| Suppliers | 440/4 | - | €1,087 | +€1,087 | |
| Taxes, remuneration and social security | 45 | €1,767 | €558 | -€1,209 | -68.4% |
| Taxes | 450/3 | €1,767 | €558 | -€1,209 | -68.4% |
| Other amounts payable | 47/48 | €4,583 | €4,105 | -€478 | -10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,225 | €1,983 | +€758 | +61.9% |
| Other operating charges | 640/8 | - | €206 | +€206 | |
| Gross operating margin | 9900 | €6,698 | €5,527 | -€1,171 | -17.5% |
| Operating profit (loss) | 9901 | €5,473 | €3,338 | -€2,135 | -39.0% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €13 | €47 | +€34 | +261.5% |
| Recurring financial charges | 65 | €13 | €47 | +€34 | +261.5% |
| Profit (loss) for the period before taxes | 9903 | €5,469 | €3,291 | -€2,178 | -39.8% |
| Income taxes | 67/77 | €1,206 | €710 | -€496 | -41.1% |
| Profit (loss) for the period | 9904 | €4,263 | €2,581 | -€1,682 | -39.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,263 | €2,581 | -€1,682 | -39.5% |
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 12 October 2026 via checked.be.