SteBex: 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.
SteBex
Largest movements
- Cash -€4,833
down €4,833 (-28.1%), from €17,214 to €12,382
mainly Debts after one year (-€27,291) and Other debts (-€5,471)
- Debts after one year -€27,291
down €27,291 (-16.7%), from €163,709 to €136,417
- Reserves +€26,743
up €26,743 (+32.0%), from €83,648 to €110,391
of which Distributable reserves: +€27,229
- Other debts -€5,471
down €5,471 (-11.1%), from €49,243 to €43,771
- Financial income +€18,313
up €18,313 (+96.8%), from €18,909 to €37,222
- Financial charges +€6,743
up €6,743 (+1,199%), from €562 to €7,305
- Gross operating margin +€1,490
up €1,490 (+93.0%), from -€1,603 to -€113
- Taxes +€1,187
up €1,187 (+79.8%), from €1,487 to €2,674
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 | €331,578 | €326,746 | -€4,833 | -1.5% |
| Fixed assets | 21/28 | €314,364 | €314,364 | = | 0.0% |
| Financial fixed assets | 28 | €314,364 | €314,364 | = | 0.0% |
| Current assets | 29/58 | €17,214 | €12,382 | -€4,833 | -28.1% |
| Cash at bank and in hand | 54/58 | €17,214 | €12,382 | -€4,833 | -28.1% |
| Total equity and liabilities | 10/49 | €331,578 | €326,746 | -€4,833 | -1.5% |
| Equity | 10/15 | €89,848 | €116,591 | +€26,743 | +29.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €83,648 | €110,391 | +€26,743 | +32.0% |
| Non-distributable reserves | 130/1 | €486 | - | -€486 | |
| Reserves not available under the articles | 1311 | €486 | - | -€486 | |
| Distributable reserves | 133 | €83,163 | €110,391 | +€27,229 | +32.7% |
| Amounts payable | 17/49 | €241,730 | €210,154 | -€31,576 | -13.1% |
| Amounts payable after more than one year | 17 | €163,709 | €136,417 | -€27,291 | -16.7% |
| Financial debts | 170/4 | €163,709 | €136,417 | -€27,291 | -16.7% |
| Amounts payable within one year | 42/48 | €78,021 | €73,737 | -€4,284 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €27,291 | €27,291 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,487 | €2,674 | +€1,187 | +79.8% |
| Taxes | 450/3 | €1,487 | €2,674 | +€1,187 | +79.8% |
| Other amounts payable | 47/48 | €49,243 | €43,771 | -€5,471 | -11.1% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | -€1,603 | -€113 | +€1,490 | +93.0% |
| Operating profit (loss) | 9901 | -€1,988 | -€500 | +€1,487 | +74.8% |
| Financial income | 75/76B | €18,909 | €37,222 | +€18,313 | +96.8% |
| Recurring financial income | 75 | €18,909 | €37,222 | +€18,313 | +96.8% |
| Financial charges | 65/66B | €562 | €7,305 | +€6,743 | +1,199% |
| Recurring financial charges | 65 | €562 | €7,305 | +€6,743 | +1,199% |
| Profit (loss) for the period before taxes | 9903 | €16,359 | €29,417 | +€13,058 | +79.8% |
| Income taxes | 67/77 | €1,487 | €2,674 | +€1,187 | +79.8% |
| Profit (loss) for the period | 9904 | €14,872 | €26,743 | +€11,871 | +79.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,872 | €26,743 | +€11,871 | +79.8% |
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 19 October 2026 via checked.be.