STEBEL CONSULTING: 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.
STEBEL CONSULTING
Largest movements
- Cash -€6,090
down €6,090 (-31.0%), from €19,632 to €13,542
mainly Debts after one year (-€17,005) and Contributions, distributions and other (-€11,326)
- Receivables within one year +€3,048
up €3,048 (+198%), from €1,543 to €4,591
of which Trade receivables: +€2,657
- Tangible fixed assets -€1,203
down €1,203 (-44.7%), from €2,691 to €1,489
of which Plant, machinery and equipment: -€1,038
- Debts after one year -€17,005
down €17,005 (-48.7%), from €34,913 to €17,908
- Reserves +€10,834
up €10,834 (+29.7%), from €36,468 to €47,302
- Tax, wage and social debts +€1,970
up €1,970 (+235%), from €838 to €2,808
- Other operating charges -€57,959
down €57,959 (-99.0%), from €58,529 to €570
- Taxes +€2,216
new in 2025: €2,216
- Depreciation -€1,569
down €1,569 (-56.6%), from €2,772 to €1,203
- Gross operating margin +€642
up €642 (+2.3%), from €27,311 to €27,953
- Financial charges -€388
down €388 (-17.7%), from €2,192 to €1,803
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 | €94,274 | €90,029 | -€4,245 | -4.5% |
| Fixed assets | 21/28 | €2,741 | €1,539 | -€1,203 | -43.9% |
| Tangible fixed assets | 22/27 | €2,691 | €1,489 | -€1,203 | -44.7% |
| Plant, machinery and equipment | 23 | €2,527 | €1,489 | -€1,038 | -41.1% |
| Furniture and vehicles | 24 | €165 | - | -€165 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €91,533 | €88,491 | -€3,042 | -3.3% |
| Amounts receivable within one year | 40/41 | €1,543 | €4,591 | +€3,048 | +198% |
| Trade receivables | 40 | €1,543 | €4,200 | +€2,657 | +172% |
| Other amounts receivable | 41 | - | €391 | +€391 | |
| Current investments | 50/53 | €70,358 | €70,358 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €19,632 | €13,542 | -€6,090 | -31.0% |
| Total equity and liabilities | 10/49 | €94,274 | €90,029 | -€4,245 | -4.5% |
| Equity | 10/15 | €58,324 | €69,158 | +€10,834 | +18.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €36,468 | €47,302 | +€10,834 | +29.7% |
| Distributable reserves | 133 | €36,468 | €47,302 | +€10,834 | +29.7% |
| Profit (loss) carried forward | 14 | €1,856 | €1,856 | = | 0.0% |
| Amounts payable | 17/49 | €35,950 | €20,871 | -€15,079 | -41.9% |
| Amounts payable after more than one year | 17 | €34,913 | €17,908 | -€17,005 | -48.7% |
| Other amounts payable | 178/9 | €34,913 | €17,908 | -€17,005 | -48.7% |
| Amounts payable within one year | 42/48 | €1,037 | €2,962 | +€1,925 | +186% |
| Trade debts | 44 | €199 | €154 | -€44 | -22.4% |
| Suppliers | 440/4 | €199 | €154 | -€44 | -22.4% |
| Taxes, remuneration and social security | 45 | €838 | €2,808 | +€1,970 | +235% |
| Taxes | 450/3 | €838 | €2,808 | +€1,970 | +235% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,772 | €1,203 | -€1,569 | -56.6% |
| Other operating charges | 640/8 | €58,529 | €570 | -€57,959 | -99.0% |
| Gross operating margin | 9900 | €27,311 | €27,953 | +€642 | +2.3% |
| Operating profit (loss) | 9901 | -€33,989 | €26,180 | +€60,169 | |
| Financial charges | 65/66B | €2,192 | €1,803 | -€388 | -17.7% |
| Recurring financial charges | 65 | €2,192 | €1,803 | -€388 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | -€36,181 | €24,376 | +€60,557 | |
| Income taxes | 67/77 | - | €2,216 | +€2,216 | |
| Profit (loss) for the period | 9904 | -€36,181 | €22,160 | +€58,341 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,181 | €22,160 | +€58,341 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.