STEA: 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.
STEA
Largest movements
- Cash -€60,046
down €60,046 (-44.1%), from €136,061 to €76,015
mainly Contributions, distributions and other (-€88,000) and Other debts (-€70,209)
- Tangible fixed assets -€2,230
down €2,230 (-38.6%), from €5,779 to €3,548
of which Furniture and vehicles: -€1,660
- Other debts -€70,209
down €70,209 (-66.4%), from €105,750 to €35,540
- Reserves +€15,279
up €15,279 (+153%), from €10,011 to €25,290
- Tax, wage and social debts -€3,015
down €3,015 (-9.1%), from €32,967 to €29,952
- Accrued charges and deferred income -€2,323
down €2,323 (-55.2%), from €4,209 to €1,886
- Gross operating margin +€11,300
up €11,300 (+8.9%), from €127,230 to €138,530
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 | €184,493 | €123,524 | -€60,969 | -33.0% |
| Fixed assets | 21/28 | €5,779 | €3,548 | -€2,230 | -38.6% |
| Tangible fixed assets | 22/27 | €5,779 | €3,548 | -€2,230 | -38.6% |
| Furniture and vehicles | 24 | €4,638 | €2,978 | -€1,660 | -35.8% |
| Other tangible fixed assets | 26 | €1,141 | €570 | -€570 | -50.0% |
| Current assets | 29/58 | €178,714 | €119,975 | -€58,739 | -32.9% |
| Amounts receivable within one year | 40/41 | €20,308 | €21,593 | +€1,285 | +6.3% |
| Trade receivables | 40 | €17,243 | €16,093 | -€1,150 | -6.7% |
| Other amounts receivable | 41 | €3,065 | €5,500 | +€2,435 | +79.4% |
| Current investments | 50/53 | €19,900 | €20,200 | +€300 | +1.5% |
| Cash at bank and in hand | 54/58 | €136,061 | €76,015 | -€60,046 | -44.1% |
| Deferred charges and accrued income | 490/1 | €2,445 | €2,168 | -€278 | -11.4% |
| Total equity and liabilities | 10/49 | €184,493 | €123,524 | -€60,969 | -33.0% |
| Equity | 10/15 | €40,011 | €55,290 | +€15,279 | +38.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €10,011 | €25,290 | +€15,279 | +153% |
| Distributable reserves | 133 | €10,011 | €25,290 | +€15,279 | +153% |
| Amounts payable | 17/49 | €144,481 | €68,234 | -€76,248 | -52.8% |
| Amounts payable within one year | 42/48 | €140,273 | €66,348 | -€73,925 | -52.7% |
| Trade debts | 44 | €1,556 | €855 | -€701 | -45.0% |
| Suppliers | 440/4 | €1,556 | €855 | -€701 | -45.0% |
| Taxes, remuneration and social security | 45 | €32,967 | €29,952 | -€3,015 | -9.1% |
| Taxes | 450/3 | €32,967 | €29,952 | -€3,015 | -9.1% |
| Other amounts payable | 47/48 | €105,750 | €35,540 | -€70,209 | -66.4% |
| Accrued charges and deferred income | 492/3 | €4,209 | €1,886 | -€2,323 | -55.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,233 | €3,918 | -€315 | -7.4% |
| Other operating charges | 640/8 | €1,549 | €744 | -€805 | -52.0% |
| Gross operating margin | 9900 | €127,230 | €138,530 | +€11,300 | +8.9% |
| Operating profit (loss) | 9901 | €121,448 | €133,869 | +€12,420 | +10.2% |
| Financial income | 75/76B | €980 | €1,678 | +€697 | +71.1% |
| Recurring financial income | 75 | €980 | €1,678 | +€697 | +71.1% |
| Financial charges | 65/66B | €2,587 | €2,380 | -€207 | -8.0% |
| Recurring financial charges | 65 | €2,587 | €2,380 | -€207 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €119,842 | €133,166 | +€13,325 | +11.1% |
| Income taxes | 67/77 | €28,736 | €29,888 | +€1,151 | +4.0% |
| Profit (loss) for the period | 9904 | €91,105 | €103,279 | +€12,173 | +13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €91,105 | €103,279 | +€12,173 | +13.4% |
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 17 October 2026 via checked.be.