Steven Fieuws: what changed
Steven Fieuws
Largest movements
- Receivables within one year -€138,502
down €138,502 (-91.1%), from €151,989 to €13,487
of which Other amounts receivable: -€149,482
- Current investments +€80,000
up €80,000, from €0 to €80,000
- Cash +€15,150
up €15,150 (+55.0%), from €27,533 to €42,684
mainly Receivables within one year (+€138,502) and Net result for the year (+€56,999)
- Reserves -€71,822
down €71,822 (-100%), from €71,822 to €0
- Other debts +€33,259
up €33,259 (+34.8%), from €95,562 to €128,821
- Tax, wage and social debts -€3,821
down €3,821 (-53.3%), from €7,170 to €3,349
- Gross operating margin -€27,686
down €27,686 (-26.2%), from €105,570 to €77,884
- Taxes -€7,025
down €7,025 (-25.1%), from €28,029 to €21,005
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 | €180,004 | €137,040 | -€42,964 | -23.9% |
| Current assets | 29/58 | €180,004 | €137,040 | -€42,964 | -23.9% |
| Amounts receivable within one year | 40/41 | €151,989 | €13,487 | -€138,502 | -91.1% |
| Trade receivables | 40 | €0 | €10,980 | +€10,980 | |
| Other amounts receivable | 41 | €151,989 | €2,507 | -€149,482 | -98.4% |
| Current investments | 50/53 | €0 | €80,000 | +€80,000 | |
| Cash at bank and in hand | 54/58 | €27,533 | €42,684 | +€15,150 | +55.0% |
| Deferred charges and accrued income | 490/1 | €482 | €869 | +€388 | +80.5% |
| Total equity and liabilities | 10/49 | €180,004 | €137,040 | -€42,964 | -23.9% |
| Equity | 10/15 | €75,422 | €3,600 | -€71,822 | -95.2% |
| Contributions | 10/11 | €3,600 | €3,600 | = | 0.0% |
| Reserves | 13 | €71,822 | €0 | -€71,822 | -100% |
| Distributable reserves | 133 | €71,822 | €0 | -€71,822 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €104,583 | €133,440 | +€28,858 | +27.6% |
| Amounts payable within one year | 42/48 | €104,583 | €133,250 | +€28,668 | +27.4% |
| Trade debts | 44 | €1,851 | €1,081 | -€770 | -41.6% |
| Suppliers | 440/4 | €1,851 | €1,081 | -€770 | -41.6% |
| Taxes, remuneration and social security | 45 | €7,170 | €3,349 | -€3,821 | -53.3% |
| Taxes | 450/3 | €7,170 | €3,349 | -€3,821 | -53.3% |
| Other amounts payable | 47/48 | €95,562 | €128,821 | +€33,259 | +34.8% |
| Accrued charges and deferred income | 492/3 | €0 | €190 | +€190 | |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €105,570 | €77,884 | -€27,686 | -26.2% |
| Operating profit (loss) | 9901 | €105,057 | €77,356 | -€27,701 | -26.4% |
| Financial income | 75/76B | €622 | €869 | +€247 | +39.8% |
| Recurring financial income | 75 | €622 | €869 | +€247 | +39.8% |
| Financial charges | 65/66B | €155 | €222 | +€67 | +43.4% |
| Recurring financial charges | 65 | €155 | €222 | +€67 | +43.4% |
| Profit (loss) for the period before taxes | 9903 | €105,524 | €78,004 | -€27,521 | -26.1% |
| Income taxes | 67/77 | €28,029 | €21,005 | -€7,025 | -25.1% |
| Profit (loss) for the period | 9904 | €77,495 | €56,999 | -€20,496 | -26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €77,495 | €56,999 | -€20,496 | -26.4% |
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 3 November 2026 via checked.be.