Stebofisc: 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.
Stebofisc
Largest movements
- Tangible fixed assets -€13,153
down €13,153 (-2.0%), from €641,923 to €628,770
- Short-term financial debts -€128,050
no longer reported in 2025 (was €128,050)
- Debts after one year +€54,722
up €54,722 (+16.3%), from €334,992 to €389,714
- Reserves +€37,049
up €37,049 (+22.0%), from €168,080 to €205,129
- Current portion of long-term debt +€26,111
up €26,111 (+93.5%), from €27,913 to €54,025
- Depreciation -€33,784
down €33,784 (-72.0%), from €46,937 to €13,153
- Gross operating margin +€18,897
up €18,897 (+35.3%), from €53,598 to €72,494
- Financial income +€15,000
new in 2025: €15,000
- Financial charges +€8,599
up €8,599 (+32.6%), from €26,349 to €34,948
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 | €905,689 | €896,427 | -€9,262 | -1.0% |
| Fixed assets | 21/28 | €891,923 | €878,770 | -€13,153 | -1.5% |
| Tangible fixed assets | 22/27 | €641,923 | €628,770 | -€13,153 | -2.0% |
| Land and buildings | 22 | €641,923 | €628,770 | -€13,153 | -2.0% |
| Financial fixed assets | 28 | €250,000 | €250,000 | = | 0.0% |
| Current assets | 29/58 | €13,766 | €17,657 | +€3,891 | +28.3% |
| Amounts receivable within one year | 40/41 | €10,406 | €10,285 | -€121 | -1.2% |
| Trade receivables | 40 | €10,406 | €10,285 | -€121 | -1.2% |
| Current investments | 50/53 | €540 | €540 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,325 | €6,311 | +€3,986 | +171% |
| Deferred charges and accrued income | 490/1 | €495 | €521 | +€26 | +5.3% |
| Total equity and liabilities | 10/49 | €905,689 | €896,427 | -€9,262 | -1.0% |
| Equity | 10/15 | €180,480 | €217,529 | +€37,049 | +20.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €168,080 | €205,129 | +€37,049 | +22.0% |
| Distributable reserves | 133 | €168,080 | €205,129 | +€37,049 | +22.0% |
| Amounts payable | 17/49 | €725,208 | €678,897 | -€46,311 | -6.4% |
| Amounts payable after more than one year | 17 | €334,992 | €389,714 | +€54,722 | +16.3% |
| Financial debts | 170/4 | €334,992 | €389,714 | +€54,722 | +16.3% |
| Amounts payable within one year | 42/48 | €386,603 | €285,520 | -€101,082 | -26.1% |
| Current portion of amounts payable after more than one year | 42 | €27,913 | €54,025 | +€26,111 | +93.5% |
| Financial debts | 43 | €128,050 | - | -€128,050 | |
| Credit institutions | 430/8 | €128,050 | - | -€128,050 | |
| Trade debts | 44 | €4,840 | €4,840 | = | 0.0% |
| Suppliers | 440/4 | €4,840 | €4,840 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €6,813 | €7,718 | +€905 | +13.3% |
| Taxes | 450/3 | €6,813 | €7,718 | +€905 | +13.3% |
| Other amounts payable | 47/48 | €218,986 | €218,938 | -€48 | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,613 | €3,662 | +€49 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,937 | €13,153 | -€33,784 | -72.0% |
| Other operating charges | 640/8 | €1,311 | €1,903 | +€592 | +45.1% |
| Gross operating margin | 9900 | €53,598 | €72,494 | +€18,897 | +35.3% |
| Operating profit (loss) | 9901 | €5,349 | €57,438 | +€52,089 | +974% |
| Financial income | 75/76B | - | €15,000 | +€15,000 | |
| Recurring financial income | 75 | - | €15,000 | +€15,000 | |
| Financial charges | 65/66B | €26,349 | €34,948 | +€8,599 | +32.6% |
| Recurring financial charges | 65 | €26,349 | €34,948 | +€8,599 | +32.6% |
| Profit (loss) for the period before taxes | 9903 | -€21,000 | €37,489 | +€58,489 | |
| Income taxes | 67/77 | - | €440 | +€440 | |
| Profit (loss) for the period | 9904 | -€21,000 | €37,049 | +€58,049 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,000 | €37,049 | +€58,049 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.