STEVEPIGRA: 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.
STEVEPIGRA
Largest movements
- Cash -€9,712
down €9,712 (-47.6%), from €20,387 to €10,676
mainly Net result for the year (-€27,579) and Investment in fixed assets (net) (-€660)
- Receivables within one year -€927
no longer reported in 2025 (was €927)
- Tangible fixed assets -€558
down €558 (-9.0%), from €6,161 to €5,603
of which Furniture and vehicles: -€989
- Reserves -€30,000
down €30,000 (-94.2%), from €31,860 to €1,860
of which Distributable reserves: -€30,000
- Trade debts +€11,743
up €11,743 (+111%), from €10,571 to €22,314
- Profit (loss) carried forward +€2,421
up €2,421 (+4.8%), from -€50,349 to -€47,928
- Other debts +€2,417
up €2,417 (+30.4%), from €7,940 to €10,357
- Tax, wage and social debts +€2,223
up €2,223 (+25.1%), from €8,854 to €11,077
of which Remuneration and social security: +€2,575
- Staff costs +€38,557
up €38,557 (+96.3%), from €40,053 to €78,610
- Gross operating margin +€9,525
up €9,525 (+22.0%), from €43,240 to €52,765
- Taxes +€8,431
no longer reported in 2025 (was -€8,431)
- Financial income +€969
up €969 (+313%), from €309 to €1,278
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 | €27,475 | €16,279 | -€11,196 | -40.7% |
| Fixed assets | 21/28 | €6,161 | €5,603 | -€558 | -9.0% |
| Tangible fixed assets | 22/27 | €6,161 | €5,603 | -€558 | -9.0% |
| Plant, machinery and equipment | 23 | €1,145 | €1,576 | +€431 | +37.7% |
| Furniture and vehicles | 24 | €5,016 | €4,027 | -€989 | -19.7% |
| Current assets | 29/58 | €21,314 | €10,676 | -€10,639 | -49.9% |
| Amounts receivable within one year | 40/41 | €927 | - | -€927 | |
| Other amounts receivable | 41 | €927 | - | -€927 | |
| Cash at bank and in hand | 54/58 | €20,387 | €10,676 | -€9,712 | -47.6% |
| Total equity and liabilities | 10/49 | €27,475 | €16,279 | -€11,196 | -40.7% |
| Equity | 10/15 | €111 | -€27,468 | -€27,579 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,860 | €1,860 | -€30,000 | -94.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | - | -€30,000 | |
| Profit (loss) carried forward | 14 | -€50,349 | -€47,928 | +€2,421 | +4.8% |
| Amounts payable | 17/49 | €27,365 | €43,747 | +€16,383 | +59.9% |
| Amounts payable within one year | 42/48 | €27,365 | €43,747 | +€16,383 | +59.9% |
| Trade debts | 44 | €10,571 | €22,314 | +€11,743 | +111% |
| Suppliers | 440/4 | €10,571 | €22,314 | +€11,743 | +111% |
| Taxes, remuneration and social security | 45 | €8,854 | €11,077 | +€2,223 | +25.1% |
| Taxes | 450/3 | €3,097 | €2,745 | -€352 | -11.4% |
| Remuneration and social security | 454/9 | €5,757 | €8,332 | +€2,575 | +44.7% |
| Other amounts payable | 47/48 | €7,940 | €10,357 | +€2,417 | +30.4% |
| Non-recurring operating income | 76A | €405 | - | -€405 | |
| Remuneration, social security and pensions | 62 | €40,053 | €78,610 | +€38,557 | +96.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,218 | €1,218 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,531 | €1,255 | -€276 | -18.0% |
| Gross operating margin | 9900 | €43,240 | €52,765 | +€9,525 | +22.0% |
| Operating profit (loss) | 9901 | €438 | -€28,318 | -€28,756 | |
| Financial income | 75/76B | €309 | €1,278 | +€969 | +313% |
| Recurring financial income | 75 | €309 | €1,278 | +€969 | +313% |
| Financial charges | 65/66B | €625 | €539 | -€86 | -13.7% |
| Recurring financial charges | 65 | €625 | €539 | -€86 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €123 | -€27,579 | -€27,701 | |
| Income taxes | 67/77 | -€8,431 | - | +€8,431 | |
| Profit (loss) for the period | 9904 | €8,554 | -€27,579 | -€36,133 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,554 | -€27,579 | -€36,133 |
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 19 October 2026 via checked.be.