ULRIKE STEURS: what changed
Two fiscal 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.
ULRIKE STEURS
Largest movements
- Tangible fixed assets +€817
up €817 (+167.3%), from €488 to €1,305
- Receivables within one year +€324
up €324 (+4.7%), from €6,896 to €7,220
of which Other amounts receivable: +€420
- Cash +€202
up €202 (+4.1%), from €4,975 to €5,177
mainly Tax, wage and social debts (+€857) and Net result for the year (+€198)
- Tax, wage and social debts +€857
up €857 (+178.0%), from €481 to €1,339
- Reserves +€198
up €198 (+1.9%), from €10,421 to €10,619
- Other operating charges -€686
down €686 (-46.4%), from €1,479 to €793
- Gross operating margin -€566
down €566 (-16.7%), from €3,393 to €2,827
- Taxes +€242
up €242 (+22.0%), from €1,097 to €1,339
- Financial income +€57
up €57 (+18.4%), from €309 to €366
of which Financial income: +€57
- Financial charges +€39
up €39 (+6.2%), from €637 to €676
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 | €16,561 | €17,749 | +€1,188 | +7.2% |
| Fixed assets | 21/28 | €488 | €1,305 | +€817 | +167.3% |
| Tangible fixed assets | 22/27 | €488 | €1,305 | +€817 | +167.3% |
| Furniture and vehicles | 24 | €488 | €1,305 | +€817 | +167.3% |
| Current assets | 29/58 | €16,072 | €16,443 | +€371 | +2.3% |
| Amounts receivable after more than one year | 29 | €4,000 | €4,000 | = | 0.0% |
| Other amounts receivable | 291 | €4,000 | €4,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,896 | €7,220 | +€324 | +4.7% |
| Trade receivables | 40 | €2,062 | €1,966 | -€96 | -4.7% |
| Other amounts receivable | 41 | €4,834 | €5,254 | +€420 | +8.7% |
| Cash at bank and in hand | 54/58 | €4,975 | €5,177 | +€202 | +4.1% |
| Deferred charges and accrued income | 490/1 | €201 | €47 | -€155 | -76.9% |
| Total equity and liabilities | 10/49 | €16,561 | €17,749 | +€1,188 | +7.2% |
| Equity | 10/15 | €14,421 | €14,619 | +€198 | +1.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €10,421 | €10,619 | +€198 | +1.9% |
| Distributable reserves | 133 | €10,421 | €10,619 | +€198 | +1.9% |
| Amounts payable | 17/49 | €2,140 | €3,130 | +€990 | +46.3% |
| Amounts payable within one year | 42/48 | €1,924 | €2,925 | +€1,001 | +52.0% |
| Trade debts | 44 | €1,443 | €1,586 | +€144 | +10.0% |
| Suppliers | 440/4 | €1,443 | €1,586 | +€144 | +10.0% |
| Taxes, remuneration and social security | 45 | €481 | €1,339 | +€857 | +178.0% |
| Taxes | 450/3 | €481 | €1,339 | +€857 | +178.0% |
| Accrued charges and deferred income | 492/3 | €216 | €205 | -€11 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €202 | €187 | -€15 | -7.4% |
| Other operating charges | 640/8 | €1,479 | €793 | -€686 | -46.4% |
| Gross operating margin | 9900 | €3,393 | €2,827 | -€566 | -16.7% |
| Operating profit (loss) | 9901 | €1,712 | €1,847 | +€135 | +7.9% |
| Financial income | 75/76B | €309 | €366 | +€57 | +18.4% |
| Recurring financial income | 75 | €309 | €366 | +€57 | +18.4% |
| Non-recurring financial income | 76B | €309 | €366 | +€57 | +18.4% |
| Financial charges | 65/66B | €637 | €676 | +€39 | +6.2% |
| Recurring financial charges | 65 | €637 | €676 | +€39 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | €1,385 | €1,537 | +€152 | +11.0% |
| Income taxes | 67/77 | €1,097 | €1,339 | +€242 | +22.0% |
| Profit (loss) for the period | 9904 | €288 | €198 | -€90 | -31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €288 | €198 | -€90 | -31.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.