St-Elek: 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.
St-Elek
Largest movements
- Tangible fixed assets +€3,259
up €3,259 (+51.1%), from €6,382 to €9,641
of which Plant, machinery and equipment: +€4,717
- Receivables within one year +€2,646
up €2,646 (+29.5%), from €8,983 to €11,629
of which Other amounts receivable: +€5,090
- Reserves +€12,301
up €12,301 (+17.0%), from €72,506 to €84,807
- Tax, wage and social debts -€7,264
down €7,264 (-46.0%), from €15,782 to €8,518
of which Taxes: -€7,361
- Other debts +€3,964
up €3,964 (+34.9%), from €11,353 to €15,317
- Trade debts -€3,369
no longer reported in 2025 (was €3,369)
- Gross operating margin -€30,332
down €30,332 (-57.8%), from €52,490 to €22,157
- Taxes -€6,478
down €6,478 (-62.8%), from €10,321 to €3,844
- Depreciation +€1,103
up €1,103 (+121.5%), from €908 to €2,011
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 | €104,010 | €109,642 | +€5,632 | +5.4% |
| Fixed assets | 21/28 | €6,632 | €9,891 | +€3,259 | +49.1% |
| Tangible fixed assets | 22/27 | €6,382 | €9,641 | +€3,259 | +51.1% |
| Plant, machinery and equipment | 23 | - | €4,717 | +€4,717 | |
| Furniture and vehicles | 24 | €6,382 | €4,924 | -€1,458 | -22.8% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €97,378 | €99,751 | +€2,373 | +2.4% |
| Amounts receivable within one year | 40/41 | €8,983 | €11,629 | +€2,646 | +29.5% |
| Trade receivables | 40 | €7,528 | €5,084 | -€2,445 | -32.5% |
| Other amounts receivable | 41 | €1,455 | €6,545 | +€5,090 | +349.9% |
| Cash at bank and in hand | 54/58 | €88,395 | €87,669 | -€726 | -0.8% |
| Deferred charges and accrued income | 490/1 | - | €453 | +€453 | |
| Total equity and liabilities | 10/49 | €104,010 | €109,642 | +€5,632 | +5.4% |
| Equity | 10/15 | €73,506 | €85,807 | +€12,301 | +16.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €72,506 | €84,807 | +€12,301 | +17.0% |
| Distributable reserves | 133 | €72,506 | €84,807 | +€12,301 | +17.0% |
| Amounts payable | 17/49 | €30,503 | €23,835 | -€6,668 | -21.9% |
| Amounts payable within one year | 42/48 | €30,503 | €23,835 | -€6,668 | -21.9% |
| Trade debts | 44 | €3,369 | - | -€3,369 | |
| Suppliers | 440/4 | €3,369 | - | -€3,369 | |
| Taxes, remuneration and social security | 45 | €15,782 | €8,518 | -€7,264 | -46.0% |
| Taxes | 450/3 | €13,182 | €5,821 | -€7,361 | -55.8% |
| Remuneration and social security | 454/9 | €2,600 | €2,697 | +€96 | +3.7% |
| Other amounts payable | 47/48 | €11,353 | €15,317 | +€3,964 | +34.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €908 | €2,011 | +€1,103 | +121.5% |
| Other operating charges | 640/8 | €689 | €547 | -€142 | -20.6% |
| Gross operating margin | 9900 | €52,490 | €22,157 | -€30,332 | -57.8% |
| Operating profit (loss) | 9901 | €50,893 | €19,599 | -€31,294 | -61.5% |
| Financial income | 75/76B | €130 | €126 | -€4 | -3.3% |
| Recurring financial income | 75 | €130 | €126 | -€4 | -3.3% |
| Financial charges | 65/66B | €2,438 | €1,980 | -€457 | -18.8% |
| Recurring financial charges | 65 | €2,438 | €1,980 | -€457 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €48,585 | €17,744 | -€30,841 | -63.5% |
| Income taxes | 67/77 | €10,321 | €3,844 | -€6,478 | -62.8% |
| Profit (loss) for the period | 9904 | €38,264 | €13,901 | -€24,363 | -63.7% |
| Profit (loss) for the period to be appropriated | 9905 | €38,264 | €13,901 | -€24,363 | -63.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.