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.
What changed
STECA
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€27,645
2024 · -€6,823-€20,822
Equity
€466,678
2024 · €494,322-€27,645
Cash
€101,505
2024 · €104,582-€3,076
Balance sheet total
€623,110
2024 · €673,323-€50,213
Largest movements
Assets
- Tangible fixed assets -€49,852
down €49,852 (-8.8%), from €563,523 to €513,671
of which Plant, machinery and equipment: -€32,627
Equity and liabilities
- Debts after one year -€19,753
down €19,753 (-15.7%), from €125,592 to €105,839
- Profit (loss) carried forward -€14,908
down €14,908 (-4459.1%), from -€334 to -€15,242
- Reserves -€12,736
down €12,736 (-3.1%), from €412,852 to €400,115
of which Tax-exempt reserves: -€12,736
Income statement
- Gross operating margin -€17,873
down €17,873 (-29.0%), from €61,598 to €43,725
- Depreciation +€2,126
up €2,126 (+3.4%), from €62,130 to €64,256
- Other operating charges -€1,275
down €1,275 (-25.7%), from €4,958 to €3,683
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.
Result 2024
-€6,823
Gross operating margin
-€17,873
Depreciation
-€2,126
Other operating charges
+€1,275
Other operating items
-€2,016
Financial income
-€0
Financial charges
-€82
Result 2025
-€27,645
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.
From operations
+€31,341
Investment
-€14,404
Financing
-€20,014
Cash 2024
€104,582
From operations (derived)
+€31,341
Net result for the year
-€27,645
Depreciation
+€64,256
Receivables within one year
-€2,683
Deferred charges and accrued income
-€33
Provisions
-€4,245
Tax, wage and social debts
+€392
Accrued charges and deferred income
+€1,298
Investment (derived)
-€14,404
Investment in fixed assets (net)
-€14,404
Financing
-€20,014
Debts after one year
-€19,753
Current portion of long-term debt
-€261
Cash 2025
€101,505
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €673,323 | €623,110 | -€50,213 | -7.5% |
| Fixed assets | 21/28 | €563,523 | €513,671 | -€49,852 | -8.8% |
| Tangible fixed assets | 22/27 | €563,523 | €513,671 | -€49,852 | -8.8% |
| Land and buildings | 22 | €226,287 | €209,401 | -€16,885 | -7.5% |
| Plant, machinery and equipment | 23 | €336,646 | €304,019 | -€32,627 | -9.7% |
| Furniture and vehicles | 24 | €590 | €250 | -€340 | -57.6% |
| Current assets | 29/58 | €109,800 | €109,439 | -€361 | -0.3% |
| Amounts receivable within one year | 40/41 | €5,218 | €7,901 | +€2,683 | +51.4% |
| Trade receivables | 40 | €5,118 | €7,901 | +€2,783 | +54.4% |
| Other amounts receivable | 41 | €100 | - | -€100 | |
| Cash at bank and in hand | 54/58 | €104,582 | €101,505 | -€3,076 | -2.9% |
| Deferred charges and accrued income | 490/1 | - | €33 | +€33 | |
| Total equity and liabilities | 10/49 | €673,323 | €623,110 | -€50,213 | -7.5% |
| Equity | 10/15 | €494,322 | €466,678 | -€27,645 | -5.6% |
| Contributions | 10/11 | €81,805 | €81,805 | = | 0.0% |
| Capital | 10 | €81,805 | €81,805 | = | 0.0% |
| Issued capital | 100 | €81,805 | €81,805 | = | 0.0% |
| Reserves | 13 | €412,852 | €400,115 | -€12,736 | -3.1% |
| Non-distributable reserves | 130/1 | €8,180 | €8,180 | = | 0.0% |
| Legal reserve | 130 | €8,180 | €8,180 | = | 0.0% |
| Tax-exempt reserves | 132 | €93,961 | €81,224 | -€12,736 | -13.6% |
| Distributable reserves | 133 | €310,710 | €310,710 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€334 | -€15,242 | -€14,908 | -4459.1% |
| Provisions and deferred taxes | 16 | €31,320 | €27,075 | -€4,245 | -13.6% |
| Deferred taxes | 168 | €31,320 | €27,075 | -€4,245 | -13.6% |
| Amounts payable | 17/49 | €147,680 | €129,357 | -€18,323 | -12.4% |
| Amounts payable after more than one year | 17 | €125,592 | €105,839 | -€19,753 | -15.7% |
| Financial debts | 170/4 | €125,592 | €105,839 | -€19,753 | -15.7% |
| Amounts payable within one year | 42/48 | €22,088 | €22,220 | +€132 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €18,903 | €18,643 | -€261 | -1.4% |
| Taxes, remuneration and social security | 45 | €3,185 | €3,577 | +€392 | +12.3% |
| Taxes | 450/3 | €3,185 | €3,577 | +€392 | +12.3% |
| Accrued charges and deferred income | 492/3 | - | €1,298 | +€1,298 | |
| Non-recurring operating income | 76A | €20,720 | €309 | -€20,411 | -98.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,130 | €64,256 | +€2,126 | +3.4% |
| Other operating charges | 640/8 | €4,958 | €3,683 | -€1,275 | -25.7% |
| Non-recurring operating charges | 66A | - | €2,016 | +€2,016 | |
| Gross operating margin | 9900 | €61,598 | €43,725 | -€17,873 | -29.0% |
| Operating profit (loss) | 9901 | -€5,490 | -€26,230 | -€20,740 | -377.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €5,578 | €5,660 | +€82 | +1.5% |
| Recurring financial charges | 65 | €5,578 | €5,660 | +€82 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | -€11,068 | -€31,890 | -€20,822 | -188.1% |
| Transfer from deferred taxes | 780 | €4,245 | €4,245 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€6,823 | -€27,645 | -€20,822 | -305.2% |
| Transfer from tax-exempt reserves | 789 | €12,736 | €12,736 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,914 | -€14,908 | -€20,822 |
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 28 September 2026 via checked.be.