STEBRATRAN: 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.
STEBRATRAN
Largest movements
- Current investments +€59,048
up €59,048 (+51.2%), from €115,421 to €174,468
- Cash -€40,781
down €40,781 (-62.6%), from €65,131 to €24,350
mainly Current investments (-€59,048) and Trade debts (-€10,283)
- Receivables within one year -€19,180
down €19,180 (-48.8%), from €39,267 to €20,087
of which Trade receivables: -€14,279
- Tangible fixed assets -€6,000
no longer reported in 2025 (was €6,000)
- Trade debts -€10,283
down €10,283 (-66.0%), from €15,585 to €5,302
- Reserves +€7,886
up €7,886 (+7.1%), from €110,314 to €118,200
- Staff costs -€23,213
no longer reported in 2025 (was €23,213)
- Financial charges +€13,785
up €13,785 (+4016.5%), from €343 to €14,129
- Financial income +€1,747
up €1,747 (+71.1%), from €2,459 to €4,206
- Gross operating margin +€1,668
up €1,668 (+6.8%), from €24,356 to €26,024
- Taxes +€617
up €617 (+164.0%), from €376 to €994
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 | €226,018 | €219,104 | -€6,914 | -3.1% |
| Fixed assets | 21/28 | €6,200 | €200 | -€6,000 | -96.8% |
| Tangible fixed assets | 22/27 | €6,000 | - | -€6,000 | |
| Other tangible fixed assets | 26 | €6,000 | - | -€6,000 | |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €219,818 | €218,904 | -€914 | -0.4% |
| Amounts receivable within one year | 40/41 | €39,267 | €20,087 | -€19,180 | -48.8% |
| Trade receivables | 40 | €29,059 | €14,780 | -€14,279 | -49.1% |
| Other amounts receivable | 41 | €10,208 | €5,306 | -€4,902 | -48.0% |
| Current investments | 50/53 | €115,421 | €174,468 | +€59,048 | +51.2% |
| Cash at bank and in hand | 54/58 | €65,131 | €24,350 | -€40,781 | -62.6% |
| Total equity and liabilities | 10/49 | €226,018 | €219,104 | -€6,914 | -3.1% |
| Equity | 10/15 | €202,306 | €210,192 | +€7,886 | +3.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €110,314 | €118,200 | +€7,886 | +7.1% |
| Distributable reserves | 133 | €110,314 | €118,200 | +€7,886 | +7.1% |
| Profit (loss) carried forward | 14 | €85,792 | €85,792 | = | 0.0% |
| Amounts payable | 17/49 | €23,712 | €8,912 | -€14,799 | -62.4% |
| Amounts payable within one year | 42/48 | €23,575 | €8,912 | -€14,662 | -62.2% |
| Trade debts | 44 | €15,585 | €5,302 | -€10,283 | -66.0% |
| Suppliers | 440/4 | €15,585 | €5,302 | -€10,283 | -66.0% |
| Taxes, remuneration and social security | 45 | €4,864 | €2,669 | -€2,195 | -45.1% |
| Taxes | 450/3 | €4,864 | €2,669 | -€2,195 | -45.1% |
| Other amounts payable | 47/48 | €3,126 | €941 | -€2,185 | -69.9% |
| Accrued charges and deferred income | 492/3 | €137 | - | -€137 | |
| Remuneration, social security and pensions | 62 | €23,213 | - | -€23,213 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,000 | €6,000 | = | 0.0% |
| Other operating charges | 640/8 | €1,055 | €1,222 | +€167 | +15.9% |
| Gross operating margin | 9900 | €24,356 | €26,024 | +€1,668 | +6.8% |
| Operating profit (loss) | 9901 | -€5,911 | €18,802 | +€24,713 | |
| Financial income | 75/76B | €2,459 | €4,206 | +€1,747 | +71.1% |
| Recurring financial income | 75 | €2,459 | €4,206 | +€1,747 | +71.1% |
| Financial charges | 65/66B | €343 | €14,129 | +€13,785 | +4016.5% |
| Recurring financial charges | 65 | €343 | €14,129 | +€13,785 | +4016.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,795 | €8,879 | +€12,675 | |
| Income taxes | 67/77 | €376 | €994 | +€617 | +164.0% |
| Profit (loss) for the period | 9904 | -€4,172 | €7,886 | +€12,057 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,172 | €7,886 | +€12,057 |
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 5 October 2026 via checked.be.