STEBELEC: 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.
STEBELEC
Largest movements
- Cash -€20,959
down €20,959 (-45.9%), from €45,704 to €24,745
mainly Trade debts (-€12,653) and Net result for the year (-€7,246)
- Receivables within one year +€3,869
up €3,869 (+32.1%), from €12,034 to €15,903
of which Trade receivables: +€5,350
- Stocks and contracts -€2,516
down €2,516 (-13.0%), from €19,414 to €16,897
of which Contracts in progress: -€2,516
- Deferred charges and accrued income -€2,081
down €2,081 (-49.6%), from €4,198 to €2,117
- Tangible fixed assets -€1,378
down €1,378 (-11.0%), from €12,496 to €11,118
of which Land and buildings: -€753
- Trade debts -€12,653
down €12,653 (-85.4%), from €14,812 to €2,159
- Profit (loss) carried forward -€7,246
down €7,246 (-38.5%), from €18,838 to €11,593
- Tax, wage and social debts -€2,089
down €2,089 (-89.9%), from €2,325 to €236
- Other debts -€1,077
down €1,077 (-11.9%), from €9,030 to €7,953
- Gross operating margin -€10,468
down €10,468, from €7,219 to -€3,249
- Taxes -€1,422
down €1,422 (-85.8%), from €1,658 to €236
- Depreciation +€737
up €737 (+38.5%), from €1,916 to €2,653
- Financial charges -€529
down €529 (-44.6%), from €1,187 to €657
- Financial income -€399
down €399 (-73.4%), from €543 to €144
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €93,846 | €70,781 | -€23,065 | -24.6% |
| Fixed assets | 21/28 | €12,496 | €11,118 | -€1,378 | -11.0% |
| Tangible fixed assets | 22/27 | €12,496 | €11,118 | -€1,378 | -11.0% |
| Land and buildings | 22 | €5,367 | €4,615 | -€753 | -14.0% |
| Plant, machinery and equipment | 23 | €768 | €339 | -€428 | -55.8% |
| Furniture and vehicles | 24 | €6,361 | €6,164 | -€197 | -3.1% |
| Current assets | 29/58 | €81,350 | €59,663 | -€21,687 | -26.7% |
| Stocks and contracts in progress | 3 | €19,414 | €16,897 | -€2,516 | -13.0% |
| Stocks | 30/36 | €7,500 | €7,500 | = | 0.0% |
| Contracts in progress | 37 | €11,914 | €9,397 | -€2,516 | -21.1% |
| Amounts receivable within one year | 40/41 | €12,034 | €15,903 | +€3,869 | +32.1% |
| Trade receivables | 40 | €8,862 | €14,212 | +€5,350 | +60.4% |
| Other amounts receivable | 41 | €3,172 | €1,691 | -€1,481 | -46.7% |
| Cash at bank and in hand | 54/58 | €45,704 | €24,745 | -€20,959 | -45.9% |
| Deferred charges and accrued income | 490/1 | €4,198 | €2,117 | -€2,081 | -49.6% |
| Total equity and liabilities | 10/49 | €93,846 | €70,781 | -€23,065 | -24.6% |
| Equity | 10/15 | €67,679 | €60,433 | -€7,246 | -10.7% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €28,381 | €28,381 | = | 0.0% |
| Distributable reserves | 133 | €28,381 | €28,381 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,838 | €11,593 | -€7,246 | -38.5% |
| Amounts payable | 17/49 | €26,167 | €10,348 | -€15,819 | -60.5% |
| Amounts payable within one year | 42/48 | €26,167 | €10,348 | -€15,819 | -60.5% |
| Trade debts | 44 | €14,812 | €2,159 | -€12,653 | -85.4% |
| Suppliers | 440/4 | €14,812 | €2,159 | -€12,653 | -85.4% |
| Taxes, remuneration and social security | 45 | €2,325 | €236 | -€2,089 | -89.9% |
| Taxes | 450/3 | €2,325 | €236 | -€2,089 | -89.9% |
| Other amounts payable | 47/48 | €9,030 | €7,953 | -€1,077 | -11.9% |
| Non-recurring operating income | 76A | €700 | €1,691 | +€991 | +142% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,916 | €2,653 | +€737 | +38.5% |
| Other operating charges | 640/8 | €559 | €596 | +€37 | +6.6% |
| Gross operating margin | 9900 | €7,219 | -€3,249 | -€10,468 | |
| Operating profit (loss) | 9901 | €4,745 | -€6,498 | -€11,242 | |
| Financial income | 75/76B | €543 | €144 | -€399 | -73.4% |
| Recurring financial income | 75 | €543 | €144 | -€399 | -73.4% |
| Financial charges | 65/66B | €1,187 | €657 | -€529 | -44.6% |
| Recurring financial charges | 65 | €1,187 | €657 | -€529 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | €4,101 | -€7,010 | -€11,112 | |
| Income taxes | 67/77 | €1,658 | €236 | -€1,422 | -85.8% |
| Profit (loss) for the period | 9904 | €2,444 | -€7,246 | -€9,689 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,444 | -€7,246 | -€9,689 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.