THE STAIRCASE: 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.
THE STAIRCASE
Largest movements
- Cash +€41,008
up €41,008 (+2,325%), from €1,764 to €42,772
mainly Receivables within one year (+€27,073) and Net result for the year (+€11,576)
- Receivables within one year -€27,073
no longer reported in 2025 (was €27,073)
- Tangible fixed assets -€7,639
down €7,639 (-3.1%), from €244,417 to €236,779
of which Land and buildings: -€4,227
- Deferred charges and accrued income -€6,036
no longer reported in 2025 (was €6,036)
- Debts after one year -€16,284
down €16,284 (-15.2%), from €106,990 to €90,706
- Profit (loss) carried forward +€11,576
up €11,576 (+16.3%), from -€71,060 to -€59,485
- Other debts +€4,927
new in 2025: €4,927
- Other operating charges -€2,709
down €2,709 (-87.5%), from €3,096 to €387
- Gross operating margin +€2,352
up €2,352 (+12.2%), from €19,311 to €21,663
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 | €279,391 | €279,650 | +€260 | +0.1% |
| Fixed assets | 21/28 | €244,517 | €236,879 | -€7,639 | -3.1% |
| Tangible fixed assets | 22/27 | €244,417 | €236,779 | -€7,639 | -3.1% |
| Land and buildings | 22 | €166,220 | €161,993 | -€4,227 | -2.5% |
| Other tangible fixed assets | 26 | €78,197 | €74,786 | -€3,411 | -4.4% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €34,873 | €42,772 | +€7,899 | +22.6% |
| Amounts receivable within one year | 40/41 | €27,073 | - | -€27,073 | |
| Other amounts receivable | 41 | €27,073 | - | -€27,073 | |
| Cash at bank and in hand | 54/58 | €1,764 | €42,772 | +€41,008 | +2,325% |
| Deferred charges and accrued income | 490/1 | €6,036 | - | -€6,036 | |
| Total equity and liabilities | 10/49 | €279,391 | €279,650 | +€260 | +0.1% |
| Equity | 10/15 | €153,940 | €165,515 | +€11,576 | +7.5% |
| Contributions | 10/11 | €225,000 | €225,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,060 | -€59,485 | +€11,576 | +16.3% |
| Amounts payable | 17/49 | €125,451 | €114,135 | -€11,316 | -9.0% |
| Amounts payable after more than one year | 17 | €106,990 | €90,706 | -€16,284 | -15.2% |
| Financial debts | 170/4 | €106,990 | €90,706 | -€16,284 | -15.2% |
| Amounts payable within one year | 42/48 | €18,322 | €21,429 | +€3,107 | +17.0% |
| Current portion of amounts payable after more than one year | 42 | €16,875 | €16,284 | -€590 | -3.5% |
| Trade debts | 44 | €1,447 | €218 | -€1,229 | -84.9% |
| Suppliers | 440/4 | €1,447 | €218 | -€1,229 | -84.9% |
| Other amounts payable | 47/48 | - | €4,927 | +€4,927 | |
| Accrued charges and deferred income | 492/3 | €138 | €2,000 | +€1,862 | +1,344% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,639 | €7,639 | = | 0.0% |
| Other operating charges | 640/8 | €3,096 | €387 | -€2,709 | -87.5% |
| Gross operating margin | 9900 | €19,311 | €21,663 | +€2,352 | +12.2% |
| Operating profit (loss) | 9901 | €8,576 | €13,637 | +€5,060 | +59.0% |
| Financial charges | 65/66B | €2,277 | €2,061 | -€216 | -9.5% |
| Recurring financial charges | 65 | €2,277 | €2,061 | -€216 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €6,300 | €11,576 | +€5,276 | +83.8% |
| Profit (loss) for the period | 9904 | €6,300 | €11,576 | +€5,276 | +83.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,300 | €11,576 | +€5,276 | +83.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.