STE-LO Holding: 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.
STE-LO Holding
Largest movements
- Financial fixed assets +€875,000
up €875,000 (+33.1%), from €2.6m to €3.5m
- Debts after one year +€750,000
up €750,000 (+36.1%), from €2.1m to €2.8m
- Profit (loss) carried forward +€405,167
up €405,167, from -€4,525 to €400,643
- Current portion of long-term debt -€305,057
down €305,057 (-49.2%), from €620,445 to €315,387
- Financial income +€385,171
new in 2025: €385,171
- Gross operating margin +€110,178
up €110,178, from -€3,250 to €106,928
- Financial charges +€78,942
up €78,942 (+6,192%), from €1,275 to €80,217
- Taxes +€5,581
new in 2025: €5,581
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 | €2,715,710 | €3,571,197 | +€855,487 | +31.5% |
| Fixed assets | 21/28 | €2,643,750 | €3,526,235 | +€882,485 | +33.4% |
| Tangible fixed assets | 22/27 | - | €7,485 | +€7,485 | |
| Plant, machinery and equipment | 23 | - | €383 | +€383 | |
| Furniture and vehicles | 24 | - | €7,102 | +€7,102 | |
| Financial fixed assets | 28 | €2,643,750 | €3,518,750 | +€875,000 | +33.1% |
| Current assets | 29/58 | €71,960 | €44,961 | -€26,998 | -37.5% |
| Amounts receivable within one year | 40/41 | - | €2,774 | +€2,774 | |
| Other amounts receivable | 41 | - | €2,774 | +€2,774 | |
| Cash at bank and in hand | 54/58 | €71,960 | €42,187 | -€29,773 | -41.4% |
| Total equity and liabilities | 10/49 | €2,715,710 | €3,571,197 | +€855,487 | +31.5% |
| Equity | 10/15 | €15,475 | €420,643 | +€405,167 | +2,618% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,525 | €400,643 | +€405,167 | |
| Amounts payable | 17/49 | €2,700,234 | €3,150,554 | +€450,319 | +16.7% |
| Amounts payable after more than one year | 17 | €2,079,555 | €2,829,556 | +€750,000 | +36.1% |
| Financial debts | 170/4 | €2,079,555 | €2,829,556 | +€750,000 | +36.1% |
| Amounts payable within one year | 42/48 | €620,679 | €320,998 | -€299,681 | -48.3% |
| Current portion of amounts payable after more than one year | 42 | €620,445 | €315,387 | -€305,057 | -49.2% |
| Trade debts | 44 | €234 | €30 | -€204 | -87.2% |
| Suppliers | 440/4 | €234 | €30 | -€204 | -87.2% |
| Taxes, remuneration and social security | 45 | - | €5,581 | +€5,581 | |
| Taxes | 450/3 | - | €5,581 | +€5,581 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,014 | +€1,014 | |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | -€3,250 | €106,928 | +€110,178 | |
| Operating profit (loss) | 9901 | -€3,250 | €105,794 | +€109,044 | |
| Financial income | 75/76B | - | €385,171 | +€385,171 | |
| Recurring financial income | 75 | - | €385,171 | +€385,171 | |
| Financial charges | 65/66B | €1,275 | €80,217 | +€78,942 | +6,192% |
| Recurring financial charges | 65 | €1,275 | €80,217 | +€78,942 | +6,192% |
| Profit (loss) for the period before taxes | 9903 | -€4,525 | €410,748 | +€415,273 | |
| Income taxes | 67/77 | - | €5,581 | +€5,581 | |
| Profit (loss) for the period | 9904 | -€4,525 | €405,167 | +€409,692 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,525 | €405,167 | +€409,692 |
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 15 October 2026 via checked.be.