STEC Consulting: 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.
STEC Consulting
Largest movements
- Receivables within one year +€34,246
up €34,246 (+245%), from €13,996 to €48,242
of which Other amounts receivable: +€20,130
- Cash +€28,206
up €28,206 (+13,496%), from €209 to €28,415
mainly Current investments (+€25,533) and Net result for the year (+€14,625)
- Current investments -€25,533
no longer reported in 2025 (was €25,533)
- Tangible fixed assets -€1,828
down €1,828 (-38.4%), from €4,762 to €2,934
of which Furniture and vehicles: -€1,667
- Deferred charges and accrued income +€1,367
up €1,367 (+1,051%), from €130 to €1,497
- Reserves +€14,625
up €14,625 (+47.7%), from €30,688 to €45,313
- Trade debts +€12,074
up €12,074 (+1,106%), from €1,092 to €13,165
- Tax, wage and social debts +€9,759
up €9,759 (+76.5%), from €12,750 to €22,509
- Gross operating margin -€15,931
down €15,931 (-38.2%), from €41,667 to €25,736
- Taxes -€3,154
down €3,154 (-34.3%), from €9,193 to €6,039
- Financial charges +€2,109
up €2,109 (+5,402%), from €39 to €2,148
- Depreciation +€784
up €784 (+75.2%), from €1,043 to €1,828
- Other operating charges +€607
up €607 (+68.5%), from €885 to €1,492
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 | €44,630 | €81,087 | +€36,457 | +81.7% |
| Fixed assets | 21/28 | €4,762 | €2,934 | -€1,828 | -38.4% |
| Tangible fixed assets | 22/27 | €4,762 | €2,934 | -€1,828 | -38.4% |
| Plant, machinery and equipment | 23 | €762 | €601 | -€161 | -21.1% |
| Furniture and vehicles | 24 | €4,000 | €2,333 | -€1,667 | -41.7% |
| Current assets | 29/58 | €39,868 | €78,153 | +€38,285 | +96.0% |
| Amounts receivable within one year | 40/41 | €13,996 | €48,242 | +€34,246 | +245% |
| Trade receivables | 40 | €10,319 | €24,435 | +€14,116 | +137% |
| Other amounts receivable | 41 | €3,676 | €23,807 | +€20,130 | +548% |
| Current investments | 50/53 | €25,533 | - | -€25,533 | |
| Cash at bank and in hand | 54/58 | €209 | €28,415 | +€28,206 | +13,496% |
| Deferred charges and accrued income | 490/1 | €130 | €1,497 | +€1,367 | +1,051% |
| Total equity and liabilities | 10/49 | €44,630 | €81,087 | +€36,457 | +81.7% |
| Equity | 10/15 | €30,788 | €45,413 | +€14,625 | +47.5% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €30,688 | €45,313 | +€14,625 | +47.7% |
| Distributable reserves | 133 | €30,688 | €45,313 | +€14,625 | +47.7% |
| Amounts payable | 17/49 | €13,842 | €35,674 | +€21,832 | +158% |
| Amounts payable within one year | 42/48 | €13,842 | €35,674 | +€21,832 | +158% |
| Trade debts | 44 | €1,092 | €13,165 | +€12,074 | +1,106% |
| Suppliers | 440/4 | €1,092 | €13,165 | +€12,074 | +1,106% |
| Taxes, remuneration and social security | 45 | €12,750 | €22,509 | +€9,759 | +76.5% |
| Taxes | 450/3 | €12,750 | €22,509 | +€9,759 | +76.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,043 | €1,828 | +€784 | +75.2% |
| Other operating charges | 640/8 | €885 | €1,492 | +€607 | +68.5% |
| Gross operating margin | 9900 | €41,667 | €25,736 | -€15,931 | -38.2% |
| Operating profit (loss) | 9901 | €39,738 | €22,417 | -€17,322 | -43.6% |
| Financial income | 75/76B | €182 | €396 | +€214 | +118% |
| Recurring financial income | 75 | €182 | €396 | +€214 | +118% |
| Financial charges | 65/66B | €39 | €2,148 | +€2,109 | +5,402% |
| Recurring financial charges | 65 | €39 | €2,148 | +€2,109 | +5,402% |
| Profit (loss) for the period before taxes | 9903 | €39,881 | €20,664 | -€19,217 | -48.2% |
| Income taxes | 67/77 | €9,193 | €6,039 | -€3,154 | -34.3% |
| Profit (loss) for the period | 9904 | €30,688 | €14,625 | -€16,063 | -52.3% |
| Profit (loss) for the period to be appropriated | 9905 | €30,688 | €14,625 | -€16,063 | -52.3% |
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 19 October 2026 via checked.be.