STEBEMO: 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.
STEBEMO
Largest movements
- Tangible fixed assets -€14,996
down €14,996 (-25.3%), from €59,380 to €44,384
of which Plant, machinery and equipment: -€12,326
- Cash -€10,492
down €10,492 (-89.3%), from €11,754 to €1,263
mainly Net result for the year (-€39,496) and Debts after one year (-€4,387)
- Deferred charges and accrued income -€2,706
down €2,706 (-78.8%), from €3,433 to €728
- Receivables within one year +€2,646
up €2,646 (+16.6%), from €15,968 to €18,614
of which Trade receivables: +€1,805
- Profit (loss) carried forward -€39,496
down €39,496 (-829%), from -€4,766 to -€44,263
- Trade debts +€13,440
up €13,440 (+382%), from €3,516 to €16,956
- Other debts +€4,552
up €4,552 (+8.0%), from €56,810 to €61,362
- Debts after one year -€4,387
down €4,387 (-31.6%), from €13,896 to €9,509
- Gross operating margin -€34,014
down €34,014, from €11,309 to -€22,705
- Depreciation +€877
up €877 (+6.2%), from €14,119 to €14,996
- Financial charges -€245
down €245 (-18.9%), from €1,297 to €1,052
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 | €90,536 | €64,988 | -€25,547 | -28.2% |
| Fixed assets | 21/28 | €59,380 | €44,384 | -€14,996 | -25.3% |
| Tangible fixed assets | 22/27 | €59,380 | €44,384 | -€14,996 | -25.3% |
| Plant, machinery and equipment | 23 | €51,040 | €38,713 | -€12,326 | -24.2% |
| Furniture and vehicles | 24 | €8,341 | €5,670 | -€2,670 | -32.0% |
| Current assets | 29/58 | €31,155 | €20,604 | -€10,551 | -33.9% |
| Amounts receivable within one year | 40/41 | €15,968 | €18,614 | +€2,646 | +16.6% |
| Trade receivables | 40 | €14,842 | €16,647 | +€1,805 | +12.2% |
| Other amounts receivable | 41 | €1,126 | €1,967 | +€841 | +74.7% |
| Cash at bank and in hand | 54/58 | €11,754 | €1,263 | -€10,492 | -89.3% |
| Deferred charges and accrued income | 490/1 | €3,433 | €728 | -€2,706 | -78.8% |
| Total equity and liabilities | 10/49 | €90,536 | €64,988 | -€25,547 | -28.2% |
| Equity | 10/15 | €12,154 | -€27,342 | -€39,496 | |
| Contributions | 10/11 | €16,800 | €16,800 | = | 0.0% |
| Reserves | 13 | €120 | €120 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21 | €21 | = | 0.0% |
| Reserves not available under the articles | 1311 | €21 | €21 | = | 0.0% |
| Distributable reserves | 133 | €99 | €99 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,766 | -€44,263 | -€39,496 | -829% |
| Amounts payable | 17/49 | €78,382 | €92,330 | +€13,949 | +17.8% |
| Amounts payable after more than one year | 17 | €13,896 | €9,509 | -€4,387 | -31.6% |
| Financial debts | 170/4 | €13,896 | €9,509 | -€4,387 | -31.6% |
| Amounts payable within one year | 42/48 | €64,486 | €82,822 | +€18,336 | +28.4% |
| Current portion of amounts payable after more than one year | 42 | €4,160 | €4,387 | +€228 | +5.5% |
| Trade debts | 44 | €3,516 | €16,956 | +€13,440 | +382% |
| Suppliers | 440/4 | €3,516 | €16,956 | +€13,440 | +382% |
| Taxes, remuneration and social security | 45 | - | €116 | +€116 | |
| Taxes | 450/3 | - | €116 | +€116 | |
| Other amounts payable | 47/48 | €56,810 | €61,362 | +€4,552 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,119 | €14,996 | +€877 | +6.2% |
| Other operating charges | 640/8 | €682 | €743 | +€61 | +8.9% |
| Gross operating margin | 9900 | €11,309 | -€22,705 | -€34,014 | |
| Operating profit (loss) | 9901 | -€3,492 | -€38,444 | -€34,952 | -1,001% |
| Financial income | 75/76B | €23 | €0 | -€23 | -100.0% |
| Recurring financial income | 75 | €23 | €0 | -€23 | -100.0% |
| Financial charges | 65/66B | €1,297 | €1,052 | -€245 | -18.9% |
| Recurring financial charges | 65 | €1,297 | €1,052 | -€245 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,766 | -€39,496 | -€34,730 | -729% |
| Profit (loss) for the period | 9904 | -€4,766 | -€39,496 | -€34,730 | -729% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,766 | -€39,496 | -€34,730 | -729% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.