De Stek: 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.
De Stek
Largest movements
- Cash -€36,111
down €36,111 (-75.1%), from €48,094 to €11,983
mainly Trade debts (-€17,811) and Other debts (-€17,682)
- Tangible fixed assets -€24,271
down €24,271 (-75.7%), from €32,052 to €7,781
of which Other tangible fixed assets: -€12,860
- Stocks and contracts +€10,846
up €10,846 (+22.3%), from €48,691 to €59,537
- Intangible fixed assets -€5,340
down €5,340 (-17.4%), from €30,638 to €25,298
- Receivables within one year -€5,304
down €5,304 (-18.6%), from €28,500 to €23,195
of which Trade receivables: -€7,445
- Trade debts -€17,811
down €17,811 (-24.9%), from €71,439 to €53,629
of which Suppliers: -€15,652
- Other debts -€17,682
down €17,682 (-69.5%), from €25,445 to €7,763
- Debts after one year -€12,591
down €12,591 (-62.2%), from €20,228 to €7,637
- Current portion of long-term debt -€11,909
down €11,909 (-43.2%), from €27,586 to €15,677
- Gross operating margin -€11,558
down €11,558 (-6.0%), from €192,000 to €180,443
- Other operating charges -€3,772
down €3,772 (-60.4%), from €6,240 to €2,468
- Depreciation -€3,214
down €3,214 (-9.0%), from €35,727 to €32,513
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 | €193,550 | €132,483 | -€61,067 | -31.6% |
| Fixed assets | 21/28 | €62,690 | €33,079 | -€29,611 | -47.2% |
| Intangible fixed assets | 21 | €30,638 | €25,298 | -€5,340 | -17.4% |
| Tangible fixed assets | 22/27 | €32,052 | €7,781 | -€24,271 | -75.7% |
| Plant, machinery and equipment | 23 | €6,692 | €1,649 | -€5,043 | -75.4% |
| Furniture and vehicles | 24 | €5,433 | €3,547 | -€1,886 | -34.7% |
| Leasing and similar rights | 25 | €5,737 | €1,255 | -€4,482 | -78.1% |
| Other tangible fixed assets | 26 | €14,189 | €1,329 | -€12,860 | -90.6% |
| Current assets | 29/58 | €130,860 | €99,404 | -€31,456 | -24.0% |
| Stocks and contracts in progress | 3 | €48,691 | €59,537 | +€10,846 | +22.3% |
| Stocks | 30/36 | €48,691 | €59,537 | +€10,846 | +22.3% |
| Amounts receivable within one year | 40/41 | €28,500 | €23,195 | -€5,304 | -18.6% |
| Trade receivables | 40 | €28,078 | €20,633 | -€7,445 | -26.5% |
| Other amounts receivable | 41 | €421 | €2,562 | +€2,141 | +508% |
| Cash at bank and in hand | 54/58 | €48,094 | €11,983 | -€36,111 | -75.1% |
| Deferred charges and accrued income | 490/1 | €5,575 | €4,689 | -€887 | -15.9% |
| Total equity and liabilities | 10/49 | €193,550 | €132,483 | -€61,067 | -31.6% |
| Equity | 10/15 | €10,131 | €10,604 | +€473 | +4.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €9,131 | €9,604 | +€473 | +5.2% |
| Distributable reserves | 133 | €9,131 | €9,604 | +€473 | +5.2% |
| Amounts payable | 17/49 | €183,419 | €121,879 | -€61,540 | -33.6% |
| Amounts payable after more than one year | 17 | €20,228 | €7,637 | -€12,591 | -62.2% |
| Financial debts | 170/4 | €20,228 | €7,637 | -€12,591 | -62.2% |
| Amounts payable within one year | 42/48 | €163,191 | €114,242 | -€48,949 | -30.0% |
| Current portion of amounts payable after more than one year | 42 | €27,586 | €15,677 | -€11,909 | -43.2% |
| Financial debts | 43 | €565 | €273 | -€292 | -51.7% |
| Credit institutions | 430/8 | €565 | €273 | -€292 | -51.7% |
| Trade debts | 44 | €71,439 | €53,629 | -€17,811 | -24.9% |
| Suppliers | 440/4 | €62,851 | €47,199 | -€15,652 | -24.9% |
| Bills of exchange payable | 441 | €8,588 | €6,430 | -€2,158 | -25.1% |
| Taxes, remuneration and social security | 45 | €38,155 | €36,901 | -€1,254 | -3.3% |
| Taxes | 450/3 | €9,937 | €12,527 | +€2,590 | +26.1% |
| Remuneration and social security | 454/9 | €28,218 | €24,374 | -€3,844 | -13.6% |
| Other amounts payable | 47/48 | €25,445 | €7,763 | -€17,682 | -69.5% |
| Remuneration, social security and pensions | 62 | €139,393 | €139,869 | +€477 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,727 | €32,513 | -€3,214 | -9.0% |
| Other operating charges | 640/8 | €6,240 | €2,468 | -€3,772 | -60.4% |
| Gross operating margin | 9900 | €192,000 | €180,443 | -€11,558 | -6.0% |
| Operating profit (loss) | 9901 | €10,641 | €5,592 | -€5,049 | -47.4% |
| Financial income | 75/76B | €1 | €931 | +€930 | +86,918% |
| Recurring financial income | 75 | €1 | €931 | +€930 | +86,918% |
| Financial charges | 65/66B | €5,176 | €5,026 | -€150 | -2.9% |
| Recurring financial charges | 65 | €5,176 | €5,026 | -€150 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €5,466 | €1,497 | -€3,969 | -72.6% |
| Income taxes | 67/77 | €2,359 | €1,025 | -€1,335 | -56.6% |
| Profit (loss) for the period | 9904 | €3,107 | €473 | -€2,634 | -84.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,107 | €473 | -€2,634 | -84.8% |
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.