STEVEN DE DONDER: what changed
STEVEN DE DONDER
Largest movements
- Cash -€27,222
down €27,222 (-41.7%), from €65,218 to €37,996
mainly Other debts (-€31,910) and Contributions, distributions and other (-€22,956)
- Receivables within one year -€6,929
down €6,929 (-36.9%), from €18,803 to €11,874
of which Trade receivables: -€10,285
- Other debts -€31,910
down €31,910 (-49.3%), from €64,698 to €32,788
- Tax, wage and social debts -€1,595
down €1,595 (-32.8%), from €4,868 to €3,273
- Taxes +€2,711
up €2,711 (+68.9%), from €3,934 to €6,644
- Gross operating margin -€2,655
down €2,655 (-7.5%), from €35,217 to €32,562
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 | €89,108 | €55,510 | -€33,597 | -37.7% |
| Fixed assets | 21/28 | €4,263 | €4,835 | +€572 | +13.4% |
| Tangible fixed assets | 22/27 | €4,263 | €4,835 | +€572 | +13.4% |
| Plant, machinery and equipment | 23 | €1,976 | €2,850 | +€873 | +44.2% |
| Other tangible fixed assets | 26 | €2,287 | €1,985 | -€302 | -13.2% |
| Current assets | 29/58 | €84,844 | €50,675 | -€34,169 | -40.3% |
| Amounts receivable within one year | 40/41 | €18,803 | €11,874 | -€6,929 | -36.9% |
| Trade receivables | 40 | €18,803 | €8,518 | -€10,285 | -54.7% |
| Other amounts receivable | 41 | - | €3,356 | +€3,356 | |
| Cash at bank and in hand | 54/58 | €65,218 | €37,996 | -€27,222 | -41.7% |
| Deferred charges and accrued income | 490/1 | €823 | €805 | -€18 | -2.2% |
| Total equity and liabilities | 10/49 | €89,108 | €55,510 | -€33,597 | -37.7% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Amounts payable | 17/49 | €70,508 | €36,910 | -€33,597 | -47.7% |
| Amounts payable within one year | 42/48 | €70,508 | €36,910 | -€33,597 | -47.7% |
| Trade debts | 44 | €942 | €850 | -€92 | -9.8% |
| Suppliers | 440/4 | €942 | €850 | -€92 | -9.8% |
| Taxes, remuneration and social security | 45 | €4,868 | €3,273 | -€1,595 | -32.8% |
| Taxes | 450/3 | €4,868 | €3,273 | -€1,595 | -32.8% |
| Other amounts payable | 47/48 | €64,698 | €32,788 | -€31,910 | -49.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,144 | €1,451 | +€308 | +26.9% |
| Other operating charges | 640/8 | €1,064 | €851 | -€212 | -20.0% |
| Gross operating margin | 9900 | €35,217 | €32,562 | -€2,655 | -7.5% |
| Operating profit (loss) | 9901 | €33,010 | €30,259 | -€2,751 | -8.3% |
| Financial income | 75/76B | - | €126 | +€126 | |
| Recurring financial income | 75 | - | €126 | +€126 | |
| Financial charges | 65/66B | €1,040 | €785 | -€254 | -24.5% |
| Recurring financial charges | 65 | €1,040 | €785 | -€254 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €31,970 | €29,600 | -€2,370 | -7.4% |
| Income taxes | 67/77 | €3,934 | €6,644 | +€2,711 | +68.9% |
| Profit (loss) for the period | 9904 | €28,036 | €22,956 | -€5,081 | -18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €28,036 | €22,956 | -€5,081 | -18.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.