STEBO: 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.
STEBO
Largest movements
- Cash -€403,389
down €403,389 (-31.3%), from €1.3m to €884,515
mainly Investment in fixed assets (net) (-€368,538) and Debts within one year (-€130,563)
- Tangible fixed assets +€224,394
up €224,394 (+15.5%), from €1.5m to €1.7m
of which Land and buildings: +€229,565
- Receivables within one year +€51,996
up €51,996 (+2.6%), from €2.0m to €2.1m
of which Trade receivables: +€45,152
- Debts within one year -€130,563
down €130,563 (-7.3%), from €1.8m to €1.7m
of which Tax, wage and social debts: -€283,424
- Debts after one year -€57,252
down €57,252 (-7.9%), from €727,545 to €670,293
- Contributions +€50,000
up €50,000 (+4.9%), from €1.0m to €1.1m
- Staff costs +€84,159
up €84,159 (+1.6%), from €5.3m to €5.4m
- Gross operating margin +€73,050
up €73,050 (+1.3%), from €5.5m to €5.6m
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 | €4,892,159 | €4,759,530 | -€132,629 | -2.7% |
| Fixed assets | 21/28 | €1,567,627 | €1,791,020 | +€223,394 | +14.3% |
| Tangible fixed assets | 22/27 | €1,451,015 | €1,675,408 | +€224,394 | +15.5% |
| Land and buildings | 22 | €1,309,640 | €1,539,204 | +€229,565 | +17.5% |
| Plant, machinery and equipment | 23 | €11,806 | €13,632 | +€1,826 | +15.5% |
| Furniture and vehicles | 24 | €129,570 | €122,572 | -€6,998 | -5.4% |
| Financial fixed assets | 28 | €116,612 | €115,612 | -€1,000 | -0.9% |
| Current assets | 29/58 | €3,324,532 | €2,968,509 | -€356,023 | -10.7% |
| Amounts receivable within one year | 40/41 | €2,028,818 | €2,080,815 | +€51,996 | +2.6% |
| Trade receivables | 40 | €1,621,648 | €1,666,800 | +€45,152 | +2.8% |
| Other amounts receivable | 41 | €407,170 | €414,015 | +€6,844 | +1.7% |
| Cash at bank and in hand | 54/58 | €1,287,905 | €884,515 | -€403,389 | -31.3% |
| Deferred charges and accrued income | 490/1 | €7,809 | €3,179 | -€4,630 | -59.3% |
| Total equity and liabilities | 10/49 | €4,892,159 | €4,759,530 | -€132,629 | -2.7% |
| Equity | 10/15 | €2,379,022 | €2,434,261 | +€55,239 | +2.3% |
| Contributions | 10/11 | €1,017,293 | €1,067,293 | +€50,000 | +4.9% |
| Capital | 10 | €1,017,293 | €1,067,293 | +€50,000 | +4.9% |
| Revaluation surpluses | 12 | €181,725 | €161,380 | -€20,345 | -11.2% |
| Reserves | 13 | €1,180,004 | €1,205,588 | +€25,584 | +2.2% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Environmental obligations | 163 | €0 | - | = | |
| Amounts payable | 17/49 | €2,513,137 | €2,325,269 | -€187,868 | -7.5% |
| Amounts payable after more than one year | 17 | €727,545 | €670,293 | -€57,252 | -7.9% |
| Financial debts | 170/4 | €727,545 | €670,293 | -€57,252 | -7.9% |
| Amounts payable within one year | 42/48 | €1,784,632 | €1,654,069 | -€130,563 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €55,646 | €57,252 | +€1,606 | +2.9% |
| Trade debts | 44 | €40,582 | €70,864 | +€30,282 | +74.6% |
| Suppliers | 440/4 | €40,582 | €70,864 | +€30,282 | +74.6% |
| Taxes, remuneration and social security | 45 | €926,860 | €643,436 | -€283,424 | -30.6% |
| Taxes | 450/3 | €169,505 | €13,992 | -€155,513 | -91.7% |
| Remuneration and social security | 454/9 | €757,354 | €629,444 | -€127,911 | -16.9% |
| Accrued charges and deferred income | 492/3 | €960 | €906 | -€53 | -5.6% |
| Non-recurring operating income | 76A | €76,295 | €10,666 | -€65,628 | -86.0% |
| Remuneration, social security and pensions | 62 | €5,295,725 | €5,379,884 | +€84,159 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,098 | €145,144 | +€31,046 | +27.2% |
| Other operating charges | 640/8 | €14,167 | €14,911 | +€744 | +5.3% |
| Non-recurring operating charges | 66A | €14,216 | €5,804 | -€8,412 | -59.2% |
| Gross operating margin | 9900 | €5,520,132 | €5,593,182 | +€73,050 | +1.3% |
| Operating profit (loss) | 9901 | €81,926 | €47,438 | -€34,488 | -42.1% |
| Financial income | 75/76B | €5,027 | €3,179 | -€1,848 | -36.8% |
| Recurring financial income | 75 | €5,027 | €3,179 | -€1,848 | -36.8% |
| Financial charges | 65/66B | €27,237 | €25,033 | -€2,204 | -8.1% |
| Recurring financial charges | 65 | €27,237 | €25,033 | -€2,204 | -8.1% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €59,715 | €25,584 | -€34,131 | -57.2% |
| Income taxes | 67/77 | €68 | €0 | -€68 | -100.0% |
| Profit (loss) for the period | 9904 | €59,647 | €25,584 | -€34,063 | -57.1% |
| Profit (loss) for the period to be appropriated | 9905 | €59,647 | €25,584 | -€34,063 | -57.1% |
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 7 October 2026 via checked.be.