Stebo-Steigers: 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-Steigers
Largest movements
- Tangible fixed assets +€74,606
up €74,606 (+13.1%), from €568,600 to €643,207
of which Leasing and similar rights: +€77,157
- Receivables within one year +€29,367
up €29,367 (+96.9%), from €30,307 to €59,674
of which Trade receivables: +€34,109
- Profit (loss) carried forward +€63,454
up €63,454 (+50.8%), from €125,006 to €188,460
- Debts after one year +€17,684
up €17,684 (+4.6%), from €386,709 to €404,393
- Current portion of long-term debt +€16,371
up €16,371 (+21.3%), from €76,722 to €93,093
- Tax, wage and social debts -€9,625
down €9,625 (-52.4%), from €18,379 to €8,754
- Trade debts +€9,291
up €9,291 (+130.2%), from €7,138 to €16,428
- Depreciation +€11,959
up €11,959 (+15.5%), from €77,303 to €89,262
- Staff costs +€8,101
up €8,101 (+32.8%), from €24,674 to €32,775
- Gross operating margin +€4,349
up €4,349 (+1.9%), from €233,198 to €237,547
- Taxes -€3,450
down €3,450 (-13.6%), from €25,388 to €21,938
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 | €685,410 | €788,733 | +€103,323 | +15.1% |
| Fixed assets | 21/28 | €568,992 | €643,342 | +€74,350 | +13.1% |
| Intangible fixed assets | 21 | €257 | - | -€257 | |
| Tangible fixed assets | 22/27 | €568,600 | €643,207 | +€74,606 | +13.1% |
| Plant, machinery and equipment | 23 | €126,092 | €136,152 | +€10,060 | +8.0% |
| Furniture and vehicles | 24 | €46,584 | €33,974 | -€12,610 | -27.1% |
| Leasing and similar rights | 25 | €395,925 | €473,081 | +€77,157 | +19.5% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €116,417 | €145,391 | +€28,974 | +24.9% |
| Amounts receivable within one year | 40/41 | €30,307 | €59,674 | +€29,367 | +96.9% |
| Trade receivables | 40 | €23,709 | €57,818 | +€34,109 | +143.9% |
| Other amounts receivable | 41 | €6,598 | €1,855 | -€4,743 | -71.9% |
| Cash at bank and in hand | 54/58 | €85,483 | €80,972 | -€4,512 | -5.3% |
| Deferred charges and accrued income | 490/1 | €627 | €4,746 | +€4,119 | +656.8% |
| Total equity and liabilities | 10/49 | €685,410 | €788,733 | +€103,323 | +15.1% |
| Equity | 10/15 | €175,006 | €238,460 | +€63,454 | +36.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €125,006 | €188,460 | +€63,454 | +50.8% |
| Amounts payable | 17/49 | €510,404 | €550,273 | +€39,869 | +7.8% |
| Amounts payable after more than one year | 17 | €386,709 | €404,393 | +€17,684 | +4.6% |
| Financial debts | 170/4 | €386,709 | €404,393 | +€17,684 | +4.6% |
| Amounts payable within one year | 42/48 | €122,551 | €144,832 | +€22,281 | +18.2% |
| Current portion of amounts payable after more than one year | 42 | €76,722 | €93,093 | +€16,371 | +21.3% |
| Financial debts | 43 | - | €6,727 | +€6,727 | |
| Credit institutions | 430/8 | - | €6,727 | +€6,727 | |
| Trade debts | 44 | €7,138 | €16,428 | +€9,291 | +130.2% |
| Suppliers | 440/4 | €7,138 | €16,428 | +€9,291 | +130.2% |
| Taxes, remuneration and social security | 45 | €18,379 | €8,754 | -€9,625 | -52.4% |
| Taxes | 450/3 | €18,379 | €8,754 | -€9,625 | -52.4% |
| Other amounts payable | 47/48 | €20,313 | €19,830 | -€483 | -2.4% |
| Accrued charges and deferred income | 492/3 | €1,144 | €1,049 | -€95 | -8.3% |
| Remuneration, social security and pensions | 62 | €24,674 | €32,775 | +€8,101 | +32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,303 | €89,262 | +€11,959 | +15.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€600 | - | +€600 | |
| Other operating charges | 640/8 | €8,208 | €6,168 | -€2,040 | -24.9% |
| Gross operating margin | 9900 | €233,198 | €237,547 | +€4,349 | +1.9% |
| Operating profit (loss) | 9901 | €123,612 | €109,342 | -€14,270 | -11.5% |
| Financial income | 75/76B | €0 | €5 | +€5 | +15233.3% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +15233.3% |
| Financial charges | 65/66B | €23,363 | €23,954 | +€591 | +2.5% |
| Recurring financial charges | 65 | €23,363 | €23,954 | +€591 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €100,249 | €85,392 | -€14,856 | -14.8% |
| Income taxes | 67/77 | €25,388 | €21,938 | -€3,450 | -13.6% |
| Profit (loss) for the period | 9904 | €74,860 | €63,454 | -€11,406 | -15.2% |
| Profit (loss) for the period to be appropriated | 9905 | €74,860 | €63,454 | -€11,406 | -15.2% |
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 8 October 2026 via checked.be.