STEBO TRADING: 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.
STEBO TRADING
Largest movements
- Receivables within one year -€59,070
down €59,070 (-98.4%), from €60,009 to €939
of which Trade receivables: -€59,175
- Tangible fixed assets -€10,412
down €10,412 (-3.4%), from €307,647 to €297,235
- Cash +€7,220
up €7,220 (+66.2%), from €10,905 to €18,125
mainly Receivables within one year (+€59,070) and Net result for the year (+€37,641)
- Debts after one year -€129,833
no longer reported in 2025 (was €129,833)
- Reserves +€37,500
up €37,500 (+72.1%), from €52,010 to €89,510
of which Distributable reserves: +€37,500
- Tax, wage and social debts +€19,049
up €19,049 (+435%), from €4,377 to €23,427
- Other debts +€14,176
up €14,176 (+10.3%), from €138,089 to €152,265
- Short-term financial debts -€7,570
no longer reported in 2025 (was €7,570)
- Financial income -€1,325
no longer reported in 2025 (was €1,325)
- Financial charges +€1,238
up €1,238 (+24.5%), from €5,054 to €6,292
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 | €379,594 | €317,333 | -€62,262 | -16.4% |
| Fixed assets | 21/28 | €308,680 | €298,269 | -€10,412 | -3.4% |
| Tangible fixed assets | 22/27 | €307,647 | €297,235 | -€10,412 | -3.4% |
| Land and buildings | 22 | €307,647 | €297,235 | -€10,412 | -3.4% |
| Financial fixed assets | 28 | €1,034 | €1,034 | = | 0.0% |
| Current assets | 29/58 | €70,914 | €19,064 | -€51,850 | -73.1% |
| Amounts receivable within one year | 40/41 | €60,009 | €939 | -€59,070 | -98.4% |
| Trade receivables | 40 | €60,000 | €825 | -€59,175 | -98.6% |
| Other amounts receivable | 41 | €9 | €114 | +€106 | +1,197% |
| Cash at bank and in hand | 54/58 | €10,905 | €18,125 | +€7,220 | +66.2% |
| Total equity and liabilities | 10/49 | €379,594 | €317,333 | -€62,262 | -16.4% |
| Equity | 10/15 | €71,658 | €109,299 | +€37,641 | +52.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €52,010 | €89,510 | +€37,500 | +72.1% |
| Non-distributable reserves | 130/1 | €9,510 | €9,510 | = | 0.0% |
| Other | 1319 | €9,510 | €9,510 | = | 0.0% |
| Distributable reserves | 133 | €42,500 | €80,000 | +€37,500 | +88.2% |
| Profit (loss) carried forward | 14 | €1,048 | €1,189 | +€141 | +13.5% |
| Amounts payable | 17/49 | €307,937 | €208,034 | -€99,903 | -32.4% |
| Amounts payable after more than one year | 17 | €129,833 | - | -€129,833 | |
| Financial debts | 170/4 | €129,833 | - | -€129,833 | |
| Amounts payable within one year | 42/48 | €174,487 | €202,944 | +€28,457 | +16.3% |
| Current portion of amounts payable after more than one year | 42 | €24,450 | €25,333 | +€882 | +3.6% |
| Financial debts | 43 | €7,570 | - | -€7,570 | |
| Credit institutions | 430/8 | €7,570 | - | -€7,570 | |
| Trade debts | 44 | - | €1,920 | +€1,920 | |
| Suppliers | 440/4 | - | €1,920 | +€1,920 | |
| Taxes, remuneration and social security | 45 | €4,377 | €23,427 | +€19,049 | +435% |
| Taxes | 450/3 | €4,377 | €23,427 | +€19,049 | +435% |
| Other amounts payable | 47/48 | €138,089 | €152,265 | +€14,176 | +10.3% |
| Accrued charges and deferred income | 492/3 | €3,617 | €5,090 | +€1,473 | +40.7% |
| Non-recurring operating income | 76A | €4,083 | - | -€4,083 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,344 | €23,118 | +€774 | +3.5% |
| Other operating charges | 640/8 | €2,021 | €2,083 | +€62 | +3.1% |
| Gross operating margin | 9900 | €88,748 | €88,298 | -€450 | -0.5% |
| Operating profit (loss) | 9901 | €64,383 | €63,097 | -€1,286 | -2.0% |
| Financial income | 75/76B | €1,325 | - | -€1,325 | |
| Recurring financial income | 75 | €1,325 | - | -€1,325 | |
| Financial charges | 65/66B | €5,054 | €6,292 | +€1,238 | +24.5% |
| Recurring financial charges | 65 | €5,054 | €6,292 | +€1,238 | +24.5% |
| Profit (loss) for the period before taxes | 9903 | €60,655 | €56,805 | -€3,850 | -6.3% |
| Income taxes | 67/77 | €19,123 | €19,164 | +€41 | +0.2% |
| Profit (loss) for the period | 9904 | €41,532 | €37,641 | -€3,890 | -9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €41,532 | €37,641 | -€3,890 | -9.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.