STECA: 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.
STECA
Largest movements
- Cash +€33,313
up €33,313 (+1240.7%), from €2,685 to €35,998
mainly Net result for the year (+€103,320) and Other debts (+€35,700)
- Receivables within one year +€32,990
up €32,990 (+212.5%), from €15,523 to €48,513
of which Other amounts receivable: +€48,513
- Tangible fixed assets -€4,641
down €4,641 (-6.2%), from €74,589 to €69,948
- Other debts +€35,700
up €35,700 (+566.7%), from €6,300 to €42,000
- Tax, wage and social debts +€25,703
up €25,703 (+131.4%), from €19,561 to €45,264
- Gross operating margin +€26,719
up €26,719 (+23.8%), from €112,425 to €139,144
- Taxes +€9,002
up €9,002 (+33.6%), from €26,768 to €35,770
- Financial income +€6,094
up €6,094 (+482.5%), from €1,263 to €7,357
of which Non-recurring financial income: +€7,357
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 | €93,007 | €154,669 | +€61,662 | +66.3% |
| Fixed assets | 21/28 | €74,799 | €70,158 | -€4,641 | -6.2% |
| Tangible fixed assets | 22/27 | €74,589 | €69,948 | -€4,641 | -6.2% |
| Land and buildings | 22 | €74,589 | €69,948 | -€4,641 | -6.2% |
| Financial fixed assets | 28 | €210 | €210 | = | 0.0% |
| Current assets | 29/58 | €18,208 | €84,511 | +€66,303 | +364.1% |
| Amounts receivable within one year | 40/41 | €15,523 | €48,513 | +€32,990 | +212.5% |
| Trade receivables | 40 | €15,523 | €0 | -€15,523 | -100.0% |
| Other amounts receivable | 41 | - | €48,513 | +€48,513 | |
| Cash at bank and in hand | 54/58 | €2,685 | €35,998 | +€33,313 | +1240.7% |
| Total equity and liabilities | 10/49 | €93,007 | €154,669 | +€61,662 | +66.3% |
| Equity | 10/15 | €67,085 | €67,405 | +€320 | +0.5% |
| Contributions | 10/11 | €55,776 | €55,776 | = | 0.0% |
| Reserves | 13 | €11,156 | €11,156 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,156 | €11,156 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,156 | €11,156 | = | 0.0% |
| Profit (loss) carried forward | 14 | €153 | €473 | +€320 | +209.2% |
| Amounts payable | 17/49 | €25,922 | €87,264 | +€61,342 | +236.6% |
| Amounts payable within one year | 42/48 | €25,922 | €87,264 | +€61,342 | +236.6% |
| Trade debts | 44 | €61 | - | -€61 | |
| Suppliers | 440/4 | €61 | - | -€61 | |
| Taxes, remuneration and social security | 45 | €19,561 | €45,264 | +€25,703 | +131.4% |
| Taxes | 450/3 | €19,561 | €45,264 | +€25,703 | +131.4% |
| Other amounts payable | 47/48 | €6,300 | €42,000 | +€35,700 | +566.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,642 | €4,641 | -€1 | 0.0% |
| Other operating charges | 640/8 | €2,607 | €2,730 | +€123 | +4.7% |
| Non-recurring operating charges | 66A | €489 | €0 | -€489 | -100.0% |
| Gross operating margin | 9900 | €112,425 | €139,144 | +€26,719 | +23.8% |
| Operating profit (loss) | 9901 | €104,687 | €131,773 | +€27,086 | +25.9% |
| Financial income | 75/76B | €1,263 | €7,357 | +€6,094 | +482.5% |
| Recurring financial income | 75 | €1,263 | €7,357 | +€6,094 | +482.5% |
| Non-recurring financial income | 76B | - | €7,357 | +€7,357 | |
| Financial charges | 65/66B | €45 | €40 | -€5 | -11.1% |
| Recurring financial charges | 65 | €45 | €40 | -€5 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €105,905 | €139,090 | +€33,185 | +31.3% |
| Income taxes | 67/77 | €26,768 | €35,770 | +€9,002 | +33.6% |
| Profit (loss) for the period | 9904 | €79,137 | €103,320 | +€24,183 | +30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €79,137 | €103,320 | +€24,183 | +30.6% |
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.