V-Step: 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.
V-Step
Largest movements
- Deferred charges and accrued income -€8,648
down €8,648 (-100%), from €8,648 to €0
- Other debts +€40,124
up €40,124 (+3,513%), from €1,142 to €41,266
- Profit (loss) carried forward -€30,978
down €30,978 (-13.9%), from -€223,404 to -€254,382
- Tax, wage and social debts -€20,041
down €20,041 (-100%), from €20,041 to €0
- Trade debts +€2,245
up €2,245 (+13.6%), from €16,507 to €18,752
- Gross operating margin -€18,796
down €18,796 (-138%), from -€13,667 to -€32,463
- Taxes -€18,773
down €18,773 (-100%), from €18,773 to €0
- Other operating charges -€3,714
down €3,714 (-67.8%), from €5,481 to €1,767
- Financial income +€3,254
new in 2025: €3,254
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,382 | €9,731 | -€8,650 | -47.1% |
| Current assets | 29/58 | €18,382 | €9,731 | -€8,650 | -47.1% |
| Amounts receivable within one year | 40/41 | €9,734 | €9,731 | -€3 | 0.0% |
| Other amounts receivable | 41 | €9,734 | €9,731 | -€3 | 0.0% |
| Deferred charges and accrued income | 490/1 | €8,648 | €0 | -€8,648 | -100% |
| Total equity and liabilities | 10/49 | €18,382 | €9,731 | -€8,650 | -47.1% |
| Equity | 10/15 | -€63,404 | -€94,382 | -€30,978 | -48.9% |
| Contributions | 10/11 | €160,000 | €160,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€223,404 | -€254,382 | -€30,978 | -13.9% |
| Amounts payable | 17/49 | €81,785 | €104,113 | +€22,328 | +27.3% |
| Amounts payable after more than one year | 17 | €44,095 | €44,095 | = | 0.0% |
| Financial debts | 170/4 | €44,095 | €44,095 | = | 0.0% |
| Amounts payable within one year | 42/48 | €37,690 | €60,018 | +€22,328 | +59.2% |
| Trade debts | 44 | €16,507 | €18,752 | +€2,245 | +13.6% |
| Suppliers | 440/4 | €16,507 | €18,752 | +€2,245 | +13.6% |
| Taxes, remuneration and social security | 45 | €20,041 | €0 | -€20,041 | -100% |
| Taxes | 450/3 | €20,041 | €0 | -€20,041 | -100% |
| Other amounts payable | 47/48 | €1,142 | €41,266 | +€40,124 | +3,513% |
| Non-recurring operating income | 76A | €83 | €0 | -€83 | -100% |
| Other operating charges | 640/8 | €5,481 | €1,767 | -€3,714 | -67.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€13,667 | -€32,463 | -€18,796 | -138% |
| Operating profit (loss) | 9901 | -€19,148 | -€34,230 | -€15,082 | -78.8% |
| Financial income | 75/76B | - | €3,254 | +€3,254 | |
| Recurring financial income | 75 | - | €3,254 | +€3,254 | |
| Financial charges | 65/66B | €2 | €3 | +€1 | +64.9% |
| Recurring financial charges | 65 | €2 | €3 | +€1 | +64.9% |
| Profit (loss) for the period before taxes | 9903 | -€19,150 | -€30,978 | -€11,829 | -61.8% |
| Income taxes | 67/77 | €18,773 | €0 | -€18,773 | -100% |
| Profit (loss) for the period | 9904 | -€37,923 | -€30,978 | +€6,945 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,923 | -€30,978 | +€6,945 | +18.3% |
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 27 October 2026 via checked.be.