Sté: 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.
Sté
Largest movements
- Tangible fixed assets -€401,450
down €401,450 (-100.0%), from €401,450 to €0
- Financial fixed assets +€401,450
up €401,450 (+34.9%), from €1.1m to €1.6m
- Receivables within one year +€63,562
up €63,562 (+51.3%), from €123,998 to €187,560
of which Trade receivables: +€60,742
- Cash -€58,230
down €58,230 (-84.4%), from €69,029 to €10,799
mainly Debts after one year (-€103,354) and Receivables within one year (-€63,562)
- Debts after one year -€103,354
down €103,354 (-8.6%), from €1.2m to €1.1m
of which Financial debts: -€102,759
- Reserves +€79,395
up €79,395 (+68.6%), from €115,690 to €195,085
- Gross operating margin -€108,061
down €108,061 (-45.0%), from €239,910 to €131,848
- Depreciation -€48,174
down €48,174 (-100.0%), from €48,174 to €0
- Taxes -€17,089
down €17,089 (-35.6%), from €48,000 to €30,911
- Financial charges -€3,747
down €3,747 (-13.6%), from €27,581 to €23,834
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 | €1,743,815 | €1,749,147 | +€5,332 | +0.3% |
| Fixed assets | 21/28 | €1,550,789 | €1,550,789 | = | 0.0% |
| Tangible fixed assets | 22/27 | €401,450 | €0 | -€401,450 | -100.0% |
| Land and buildings | 22 | €401,450 | €0 | -€401,450 | -100.0% |
| Financial fixed assets | 28 | €1,149,339 | €1,550,789 | +€401,450 | +34.9% |
| Current assets | 29/58 | €193,027 | €198,359 | +€5,332 | +2.8% |
| Amounts receivable within one year | 40/41 | €123,998 | €187,560 | +€63,562 | +51.3% |
| Trade receivables | 40 | €30,008 | €90,750 | +€60,742 | +202.4% |
| Other amounts receivable | 41 | €93,990 | €96,810 | +€2,820 | +3.0% |
| Cash at bank and in hand | 54/58 | €69,029 | €10,799 | -€58,230 | -84.4% |
| Total equity and liabilities | 10/49 | €1,743,815 | €1,749,147 | +€5,332 | +0.3% |
| Equity | 10/15 | €365,690 | €445,085 | +€79,395 | +21.7% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €115,690 | €195,085 | +€79,395 | +68.6% |
| Distributable reserves | 133 | €115,690 | €195,085 | +€79,395 | +68.6% |
| Amounts payable | 17/49 | €1,378,125 | €1,304,062 | -€74,063 | -5.4% |
| Amounts payable after more than one year | 17 | €1,198,530 | €1,095,176 | -€103,354 | -8.6% |
| Financial debts | 170/4 | €556,056 | €453,296 | -€102,759 | -18.5% |
| Other amounts payable | 178/9 | €642,474 | €641,879 | -€595 | -0.1% |
| Amounts payable within one year | 42/48 | €179,596 | €208,887 | +€29,291 | +16.3% |
| Current portion of amounts payable after more than one year | 42 | €98,852 | €102,759 | +€3,908 | +4.0% |
| Trade debts | 44 | €274 | €15,239 | +€14,965 | +5454.2% |
| Suppliers | 440/4 | €274 | €15,239 | +€14,965 | +5454.2% |
| Taxes, remuneration and social security | 45 | €80,470 | €90,888 | +€10,418 | +12.9% |
| Taxes | 450/3 | €77,747 | €88,026 | +€10,280 | +13.2% |
| Remuneration and social security | 454/9 | €2,723 | €2,862 | +€139 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,174 | €0 | -€48,174 | -100.0% |
| Other operating charges | 640/8 | €1,483 | €528 | -€955 | -64.4% |
| Gross operating margin | 9900 | €239,910 | €131,848 | -€108,061 | -45.0% |
| Operating profit (loss) | 9901 | €190,252 | €131,321 | -€58,932 | -31.0% |
| Financial income | 75/76B | €1,019 | €2,820 | +€1,801 | +176.7% |
| Recurring financial income | 75 | €1,019 | €2,820 | +€1,801 | +176.7% |
| Financial charges | 65/66B | €27,581 | €23,834 | -€3,747 | -13.6% |
| Recurring financial charges | 65 | €27,581 | €23,834 | -€3,747 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €163,690 | €110,306 | -€53,384 | -32.6% |
| Income taxes | 67/77 | €48,000 | €30,911 | -€17,089 | -35.6% |
| Profit (loss) for the period | 9904 | €115,690 | €79,395 | -€36,295 | -31.4% |
| Profit (loss) for the period to be appropriated | 9905 | €115,690 | €79,395 | -€36,295 | -31.4% |
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 29 September 2026 via checked.be.