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 +€65,652
up €65,652 (+61.4%), from €106,888 to €172,539
mainly Trade debts (+€59,240) and Net result for the year (+€23,069)
- Receivables within one year +€14,861
up €14,861 (+8.7%), from €170,330 to €185,191
of which Other amounts receivable: +€8,203
- Tangible fixed assets -€12,230
down €12,230 (-32.0%), from €38,237 to €26,006
of which Other tangible fixed assets: -€9,967
- Reserves +€97,579
up €97,579 (+67.3%), from €144,999 to €242,577
of which Distributable reserves: +€97,579
- Profit (loss) carried forward -€76,175
no longer reported in 2025 (was €76,175)
- Trade debts +€59,240
up €59,240 (+70.3%), from €84,300 to €143,541
- Short-term financial debts -€25,000
no longer reported in 2025 (was €25,000)
- Tax, wage and social debts +€8,423
up €8,423 (+120.5%), from €6,990 to €15,413
- Staff costs +€22,688
up €22,688 (+26.9%), from €84,444 to €107,132
- Taxes -€4,603
down €4,603 (-33.1%), from €13,893 to €9,290
- Financial charges -€3,815
down €3,815 (-61.8%), from €6,171 to €2,356
- Other operating charges -€2,806
down €2,806 (-62.3%), from €4,507 to €1,701
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 | €346,215 | €410,218 | +€64,003 | +18.5% |
| Fixed assets | 21/28 | €38,237 | €26,006 | -€12,230 | -32.0% |
| Tangible fixed assets | 22/27 | €38,237 | €26,006 | -€12,230 | -32.0% |
| Plant, machinery and equipment | 23 | €727 | €388 | -€339 | -46.6% |
| Furniture and vehicles | 24 | €5,770 | €3,845 | -€1,924 | -33.4% |
| Other tangible fixed assets | 26 | €31,740 | €21,773 | -€9,967 | -31.4% |
| Current assets | 29/58 | €307,978 | €384,212 | +€76,233 | +24.8% |
| Stocks and contracts in progress | 3 | €26,489 | €24,714 | -€1,775 | -6.7% |
| Stocks | 30/36 | €26,489 | €24,714 | -€1,775 | -6.7% |
| Amounts receivable within one year | 40/41 | €170,330 | €185,191 | +€14,861 | +8.7% |
| Trade receivables | 40 | €162,104 | €168,762 | +€6,658 | +4.1% |
| Other amounts receivable | 41 | €8,225 | €16,429 | +€8,203 | +99.7% |
| Cash at bank and in hand | 54/58 | €106,888 | €172,539 | +€65,652 | +61.4% |
| Deferred charges and accrued income | 490/1 | €4,272 | €1,768 | -€2,504 | -58.6% |
| Total equity and liabilities | 10/49 | €346,215 | €410,218 | +€64,003 | +18.5% |
| Equity | 10/15 | €227,374 | €248,777 | +€21,403 | +9.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €144,999 | €242,577 | +€97,579 | +67.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €143,139 | €240,717 | +€97,579 | +68.2% |
| Profit (loss) carried forward | 14 | €76,175 | - | -€76,175 | |
| Amounts payable | 17/49 | €118,841 | €161,441 | +€42,600 | +35.8% |
| Amounts payable within one year | 42/48 | €118,841 | €161,441 | +€42,600 | +35.8% |
| Financial debts | 43 | €25,000 | - | -€25,000 | |
| Credit institutions | 430/8 | €25,000 | - | -€25,000 | |
| Trade debts | 44 | €84,300 | €143,541 | +€59,240 | +70.3% |
| Suppliers | 440/4 | €84,300 | €143,541 | +€59,240 | +70.3% |
| Taxes, remuneration and social security | 45 | €6,990 | €15,413 | +€8,423 | +120.5% |
| Remuneration and social security | 454/9 | €6,990 | €15,413 | +€8,423 | +120.5% |
| Other amounts payable | 47/48 | €2,550 | €2,487 | -€63 | -2.5% |
| Remuneration, social security and pensions | 62 | €84,444 | €107,132 | +€22,688 | +26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,287 | €13,152 | -€1,135 | -7.9% |
| Other operating charges | 640/8 | €4,507 | €1,701 | -€2,806 | -62.3% |
| Gross operating margin | 9900 | €155,139 | €155,887 | +€747 | +0.5% |
| Operating profit (loss) | 9901 | €51,901 | €33,902 | -€17,999 | -34.7% |
| Financial income | 75/76B | €114 | €813 | +€699 | +613.1% |
| Recurring financial income | 75 | €114 | €813 | +€699 | +613.1% |
| Financial charges | 65/66B | €6,171 | €2,356 | -€3,815 | -61.8% |
| Recurring financial charges | 65 | €6,171 | €2,356 | -€3,815 | -61.8% |
| Profit (loss) for the period before taxes | 9903 | €45,844 | €32,359 | -€13,485 | -29.4% |
| Income taxes | 67/77 | €13,893 | €9,290 | -€4,603 | -33.1% |
| Profit (loss) for the period | 9904 | €31,951 | €23,069 | -€8,882 | -27.8% |
| Profit (loss) for the period to be appropriated | 9905 | €31,951 | €23,069 | -€8,882 | -27.8% |
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 6 October 2026 via checked.be.