STEBA: 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.
STEBA
Largest movements
- Current investments -€94,270
down €94,270 (-100.0%), from €94,270 to €0
- Cash +€58,021
up €58,021 (+104.0%), from €55,768 to €113,790
mainly Current investments (+€94,270) and Net result for the year (+€62,664)
- Tangible fixed assets +€26,844
up €26,844 (+4.7%), from €574,419 to €601,263
of which Land and buildings: +€27,203
- Other debts -€83,803
down €83,803 (-81.1%), from €103,355 to €19,552
- Reserves +€62,664
up €62,664 (+10.3%), from €606,899 to €669,563
- Tax, wage and social debts +€10,425
up €10,425, from €0 to €10,425
- Gross operating margin +€7,718
up €7,718 (+6.5%), from €117,920 to €125,638
- Financial income +€6,453
up €6,453 (+343.4%), from €1,879 to €8,333
of which Non-recurring financial income: +€5,730
- Taxes +€4,958
up €4,958 (+19.8%), from €25,029 to €29,987
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 | €735,289 | €720,081 | -€15,208 | -2.1% |
| Fixed assets | 21/28 | €574,444 | €601,288 | +€26,844 | +4.7% |
| Tangible fixed assets | 22/27 | €574,419 | €601,263 | +€26,844 | +4.7% |
| Land and buildings | 22 | €574,060 | €601,263 | +€27,203 | +4.7% |
| Plant, machinery and equipment | 23 | €359 | €0 | -€359 | -100.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €160,845 | €118,793 | -€42,052 | -26.1% |
| Amounts receivable within one year | 40/41 | €3,480 | €534 | -€2,946 | -84.7% |
| Other amounts receivable | 41 | €3,480 | €534 | -€2,946 | -84.7% |
| Current investments | 50/53 | €94,270 | €0 | -€94,270 | -100.0% |
| Cash at bank and in hand | 54/58 | €55,768 | €113,790 | +€58,021 | +104.0% |
| Deferred charges and accrued income | 490/1 | €7,327 | €4,470 | -€2,857 | -39.0% |
| Total equity and liabilities | 10/49 | €735,289 | €720,081 | -€15,208 | -2.1% |
| Equity | 10/15 | €626,099 | €688,763 | +€62,664 | +10.0% |
| Contributions | 10/11 | €19,200 | €19,200 | = | 0.0% |
| Reserves | 13 | €606,899 | €669,563 | +€62,664 | +10.3% |
| Distributable reserves | 133 | €606,899 | €669,563 | +€62,664 | +10.3% |
| Amounts payable | 17/49 | €109,189 | €31,317 | -€77,872 | -71.3% |
| Amounts payable within one year | 42/48 | €108,205 | €30,478 | -€77,727 | -71.8% |
| Trade debts | 44 | €4,850 | €502 | -€4,348 | -89.7% |
| Suppliers | 440/4 | €4,850 | €502 | -€4,348 | -89.7% |
| Taxes, remuneration and social security | 45 | €0 | €10,425 | +€10,425 | |
| Taxes | 450/3 | €0 | €10,425 | +€10,425 | |
| Other amounts payable | 47/48 | €103,355 | €19,552 | -€83,803 | -81.1% |
| Accrued charges and deferred income | 492/3 | €984 | €839 | -€145 | -14.8% |
| Non-recurring operating income | 76A | €18,550 | €0 | -€18,550 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,944 | €24,095 | -€849 | -3.4% |
| Other operating charges | 640/8 | €18,189 | €16,976 | -€1,213 | -6.7% |
| Gross operating margin | 9900 | €117,920 | €125,638 | +€7,718 | +6.5% |
| Operating profit (loss) | 9901 | €74,788 | €84,567 | +€9,780 | +13.1% |
| Financial income | 75/76B | €1,879 | €8,333 | +€6,453 | +343.4% |
| Recurring financial income | 75 | €1,879 | €2,603 | +€723 | +38.5% |
| Non-recurring financial income | 76B | - | €5,730 | +€5,730 | |
| Financial charges | 65/66B | €244 | €249 | +€4 | +1.7% |
| Recurring financial charges | 65 | €244 | €249 | +€4 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €76,422 | €92,651 | +€16,229 | +21.2% |
| Income taxes | 67/77 | €25,029 | €29,987 | +€4,958 | +19.8% |
| Profit (loss) for the period | 9904 | €51,393 | €62,664 | +€11,271 | +21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €51,393 | €62,664 | +€11,271 | +21.9% |
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 5 October 2026 via checked.be.