STECA: 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.
STECA
Largest movements
- Cash -€225,638
down €225,638 (-92.1%), from €245,108 to €19,470
mainly Other debts (-€226,801) and Contributions, distributions and other (-€92,500)
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Receivables within one year -€87,108
down €87,108 (-99.6%), from €87,500 to €392
of which Other amounts receivable: -€85,306
- Tangible fixed assets +€15,590
up €15,590 (+17.2%), from €90,859 to €106,450
of which Other tangible fixed assets: +€19,824
- Stocks and contracts +€8,449
up €8,449 (+85.2%), from €9,919 to €18,368
- Other debts -€226,801
down €226,801 (-94.2%), from €240,801 to €14,000
- Reserves -€78,548
down €78,548 (-49.7%), from €157,959 to €79,411
- Tax, wage and social debts -€69,586
down €69,586 (-77.9%), from €89,326 to €19,740
of which Taxes: -€67,390
- Trade debts -€6,517
down €6,517 (-16.9%), from €38,471 to €31,954
- Gross operating margin -€177,636
down €177,636 (-69.0%), from €257,415 to €79,779
- Taxes -€37,631
down €37,631 (-90.1%), from €41,788 to €4,158
- Staff costs -€20,876
down €20,876 (-34.3%), from €60,792 to €39,915
- Financial income -€7,096
down €7,096 (-91.0%), from €7,799 to €704
- Depreciation +€4,309
up €4,309 (+25.7%), from €16,752 to €21,061
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 | €534,807 | €153,355 | -€381,452 | -71.3% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €91,359 | €113,752 | +€22,392 | +24.5% |
| Tangible fixed assets | 22/27 | €90,859 | €106,450 | +€15,590 | +17.2% |
| Plant, machinery and equipment | 23 | €11,171 | €12,197 | +€1,026 | +9.2% |
| Furniture and vehicles | 24 | €36,011 | €30,751 | -€5,260 | -14.6% |
| Other tangible fixed assets | 26 | €43,678 | €63,502 | +€19,824 | +45.4% |
| Financial fixed assets | 28 | €500 | €7,302 | +€6,802 | +1,360% |
| Current assets | 29/58 | €443,448 | €39,604 | -€403,844 | -91.1% |
| Stocks and contracts in progress | 3 | €9,919 | €18,368 | +€8,449 | +85.2% |
| Stocks | 30/36 | €9,919 | €18,368 | +€8,449 | +85.2% |
| Amounts receivable within one year | 40/41 | €87,500 | €392 | -€87,108 | -99.6% |
| Trade receivables | 40 | €2,194 | €392 | -€1,802 | -82.1% |
| Other amounts receivable | 41 | €85,306 | - | -€85,306 | |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €245,108 | €19,470 | -€225,638 | -92.1% |
| Deferred charges and accrued income | 490/1 | €922 | €1,374 | +€452 | +49.1% |
| Total equity and liabilities | 10/49 | €534,807 | €153,355 | -€381,452 | -71.3% |
| Equity | 10/15 | €166,209 | €87,661 | -€78,548 | -47.3% |
| Contributions | 10/11 | €8,250 | €8,250 | = | 0.0% |
| Reserves | 13 | €157,959 | €79,411 | -€78,548 | -49.7% |
| Distributable reserves | 133 | €157,959 | €79,411 | -€78,548 | -49.7% |
| Amounts payable | 17/49 | €368,598 | €65,694 | -€302,904 | -82.2% |
| Amounts payable within one year | 42/48 | €368,598 | €65,694 | -€302,904 | -82.2% |
| Trade debts | 44 | €38,471 | €31,954 | -€6,517 | -16.9% |
| Suppliers | 440/4 | €38,471 | €31,954 | -€6,517 | -16.9% |
| Taxes, remuneration and social security | 45 | €89,326 | €19,740 | -€69,586 | -77.9% |
| Taxes | 450/3 | €80,819 | €13,428 | -€67,390 | -83.4% |
| Remuneration and social security | 454/9 | €8,508 | €6,312 | -€2,196 | -25.8% |
| Other amounts payable | 47/48 | €240,801 | €14,000 | -€226,801 | -94.2% |
| Non-recurring operating income | 76A | €8,541 | - | -€8,541 | |
| Remuneration, social security and pensions | 62 | €60,792 | €39,915 | -€20,876 | -34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,752 | €21,061 | +€4,309 | +25.7% |
| Other operating charges | 640/8 | €4,655 | €811 | -€3,844 | -82.6% |
| Gross operating margin | 9900 | €257,415 | €79,779 | -€177,636 | -69.0% |
| Operating profit (loss) | 9901 | €175,217 | €17,992 | -€157,225 | -89.7% |
| Financial income | 75/76B | €7,799 | €704 | -€7,096 | -91.0% |
| Recurring financial income | 75 | €7,799 | €704 | -€7,096 | -91.0% |
| Financial charges | 65/66B | €612 | €585 | -€27 | -4.4% |
| Recurring financial charges | 65 | €612 | €585 | -€27 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €182,404 | €18,110 | -€164,294 | -90.1% |
| Income taxes | 67/77 | €41,788 | €4,158 | -€37,631 | -90.1% |
| Profit (loss) for the period | 9904 | €140,616 | €13,952 | -€126,663 | -90.1% |
| Profit (loss) for the period to be appropriated | 9905 | €140,616 | €13,952 | -€126,663 | -90.1% |
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 14 October 2026 via checked.be.