STEBO SERVICES: 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 SERVICES
Largest movements
- Receivables within one year -€29,928
down €29,928 (-53.8%), from €55,636 to €25,708
of which Trade receivables: -€28,937
- Cash +€22,370
up €22,370 (+64.1%), from €34,881 to €57,251
mainly Receivables within one year (+€29,928) and Depreciation (+€10,350)
- Tangible fixed assets -€10,350
down €10,350 (-7.5%), from €137,689 to €127,339
of which Land and buildings: -€9,820
- Debts within one year -€15,726
down €15,726 (-15.6%), from €100,919 to €85,192
- Revaluation surpluses -€6,487
down €6,487 (-8.1%), from €79,677 to €73,190
- Profit (loss) carried forward +€5,461
up €5,461 (+14.8%), from -€36,904 to -€31,443
- Debts after one year -€4,490
down €4,490 (-18.0%), from €25,009 to €20,519
- Taxes -€4,282
down €4,282 (-99.9%), from €4,285 to €3
- Gross operating margin -€3,272
down €3,272 (-9.4%), from €34,782 to €31,509
- Other operating charges +€2,386
up €2,386 (+20.1%), from €11,872 to €14,258
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 | €234,500 | €214,792 | -€19,708 | -8.4% |
| Fixed assets | 21/28 | €140,689 | €130,339 | -€10,350 | -7.4% |
| Tangible fixed assets | 22/27 | €137,689 | €127,339 | -€10,350 | -7.5% |
| Land and buildings | 22 | €135,211 | €125,391 | -€9,820 | -7.3% |
| Plant, machinery and equipment | 23 | €2,478 | €1,948 | -€530 | -21.4% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €93,811 | €84,453 | -€9,358 | -10.0% |
| Amounts receivable within one year | 40/41 | €55,636 | €25,708 | -€29,928 | -53.8% |
| Trade receivables | 40 | €54,646 | €25,708 | -€28,937 | -53.0% |
| Other amounts receivable | 41 | €991 | €0 | -€991 | -100.0% |
| Cash at bank and in hand | 54/58 | €34,881 | €57,251 | +€22,370 | +64.1% |
| Deferred charges and accrued income | 490/1 | €3,294 | €1,494 | -€1,800 | -54.6% |
| Total equity and liabilities | 10/49 | €234,500 | €214,792 | -€19,708 | -8.4% |
| Equity | 10/15 | €77,773 | €76,747 | -€1,026 | -1.3% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Capital | 10 | €35,000 | €35,000 | = | 0.0% |
| Revaluation surpluses | 12 | €79,677 | €73,190 | -€6,487 | -8.1% |
| Profit (loss) carried forward | 14 | -€36,904 | -€31,443 | +€5,461 | +14.8% |
| Provisions and deferred taxes | 16 | €30,799 | €31,259 | +€459 | +1.5% |
| Provisions for liabilities and charges | 160/5 | €30,799 | €31,259 | +€459 | +1.5% |
| Major repairs and maintenance | 162 | €30,799 | €31,259 | +€459 | +1.5% |
| Amounts payable | 17/49 | €125,928 | €106,786 | -€19,141 | -15.2% |
| Amounts payable after more than one year | 17 | €25,009 | €20,519 | -€4,490 | -18.0% |
| Financial debts | 170/4 | €25,009 | €20,519 | -€4,490 | -18.0% |
| Amounts payable within one year | 42/48 | €100,919 | €85,192 | -€15,726 | -15.6% |
| Current portion of amounts payable after more than one year | 42 | €4,723 | €4,550 | -€173 | -3.7% |
| Trade debts | 44 | €10,414 | €2,853 | -€7,560 | -72.6% |
| Suppliers | 440/4 | €10,414 | €2,853 | -€7,560 | -72.6% |
| Taxes, remuneration and social security | 45 | €8,373 | €7,583 | -€790 | -9.4% |
| Taxes | 450/3 | €8,373 | €7,583 | -€790 | -9.4% |
| Accrued charges and deferred income | 492/3 | - | €1,075 | +€1,075 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,350 | €10,350 | = | 0.0% |
| Other operating charges | 640/8 | €11,872 | €14,258 | +€2,386 | +20.1% |
| Gross operating margin | 9900 | €34,782 | €31,509 | -€3,272 | -9.4% |
| Operating profit (loss) | 9901 | -€9,637 | €6,442 | +€16,080 | |
| Financial income | 75/76B | €245 | €12 | -€233 | -95.3% |
| Recurring financial income | 75 | €245 | €12 | -€233 | -95.3% |
| Financial charges | 65/66B | €1,066 | €989 | -€76 | -7.2% |
| Recurring financial charges | 65 | €1,066 | €989 | -€76 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | -€10,458 | €5,465 | +€15,923 | |
| Income taxes | 67/77 | €4,285 | €3 | -€4,282 | -99.9% |
| Profit (loss) for the period | 9904 | -€14,743 | €5,461 | +€20,204 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,743 | €5,461 | +€20,204 |
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 2 October 2026 via checked.be.