STECAMO: 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.
STECAMO
Largest movements
- Receivables within one year -€126,057
down €126,057 (-98.2%), from €128,328 to €2,271
of which Other amounts receivable: -€106,418
- Deferred charges and accrued income -€5,534
down €5,534 (-100.0%), from €5,534 to €0
- Tangible fixed assets -€4,327
down €4,327 (-5.3%), from €81,954 to €77,627
of which Land and buildings: -€2,445
- Other debts -€61,281
down €61,281 (-100.0%), from €61,281 to €0
- Contributions -€36,273
down €36,273 (-18.5%), from €196,273 to €160,000
- Profit (loss) carried forward -€19,688
down €19,688 (-34.6%), from -€56,948 to -€76,636
- Tax, wage and social debts -€10,519
down €10,519 (-97.7%), from €10,762 to €243
of which Taxes: -€6,719
- Accrued charges and deferred income -€4,866
down €4,866 (-100.0%), from €4,866 to €0
- Gross operating margin -€36,245
down €36,245, from €23,442 to -€12,803
- Depreciation -€15,382
down €15,382 (-86.3%), from €17,827 to €2,445
- Financial charges -€1,747
down €1,747 (-35.5%), from €4,927 to €3,180
- Financial income -€967
down €967 (-29.6%), from €3,264 to €2,297
- Other operating charges -€850
down €850 (-19.5%), from €4,354 to €3,504
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 | €219,554 | €83,965 | -€135,590 | -61.8% |
| Fixed assets | 21/28 | €81,954 | €77,627 | -€4,327 | -5.3% |
| Tangible fixed assets | 22/27 | €81,954 | €77,627 | -€4,327 | -5.3% |
| Land and buildings | 22 | €80,072 | €77,627 | -€2,445 | -3.1% |
| Furniture and vehicles | 24 | €1,882 | €0 | -€1,882 | -100.0% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €137,600 | €6,338 | -€131,263 | -95.4% |
| Amounts receivable within one year | 40/41 | €128,328 | €2,271 | -€126,057 | -98.2% |
| Trade receivables | 40 | €21,910 | €2,271 | -€19,639 | -89.6% |
| Other amounts receivable | 41 | €106,418 | €0 | -€106,418 | -100.0% |
| Cash at bank and in hand | 54/58 | €3,738 | €4,067 | +€328 | +8.8% |
| Deferred charges and accrued income | 490/1 | €5,534 | €0 | -€5,534 | -100.0% |
| Total equity and liabilities | 10/49 | €219,554 | €83,965 | -€135,590 | -61.8% |
| Equity | 10/15 | €139,325 | €83,364 | -€55,961 | -40.2% |
| Contributions | 10/11 | €196,273 | €160,000 | -€36,273 | -18.5% |
| Profit (loss) carried forward | 14 | -€56,948 | -€76,636 | -€19,688 | -34.6% |
| Amounts payable | 17/49 | €80,229 | €600 | -€79,628 | -99.3% |
| Amounts payable within one year | 42/48 | €75,363 | €600 | -€74,762 | -99.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €3,320 | €358 | -€2,962 | -89.2% |
| Suppliers | 440/4 | €3,320 | €358 | -€2,962 | -89.2% |
| Taxes, remuneration and social security | 45 | €10,762 | €243 | -€10,519 | -97.7% |
| Taxes | 450/3 | €6,962 | €243 | -€6,719 | -96.5% |
| Remuneration and social security | 454/9 | €3,800 | €0 | -€3,800 | -100.0% |
| Other amounts payable | 47/48 | €61,281 | €0 | -€61,281 | -100.0% |
| Accrued charges and deferred income | 492/3 | €4,866 | €0 | -€4,866 | -100.0% |
| Non-recurring operating income | 76A | €0 | €9,000 | +€9,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,827 | €2,445 | -€15,382 | -86.3% |
| Other operating charges | 640/8 | €4,354 | €3,504 | -€850 | -19.5% |
| Non-recurring operating charges | 66A | - | €82 | +€82 | |
| Gross operating margin | 9900 | €23,442 | -€12,803 | -€36,245 | |
| Operating profit (loss) | 9901 | €1,262 | -€18,834 | -€20,095 | |
| Financial income | 75/76B | €3,264 | €2,297 | -€967 | -29.6% |
| Recurring financial income | 75 | €3,264 | €2,297 | -€967 | -29.6% |
| Financial charges | 65/66B | €4,927 | €3,180 | -€1,747 | -35.5% |
| Recurring financial charges | 65 | €4,927 | €3,180 | -€1,747 | -35.5% |
| Profit (loss) for the period before taxes | 9903 | -€401 | -€19,716 | -€19,315 | -4812.0% |
| Income taxes | 67/77 | -€873 | -€28 | +€845 | +96.8% |
| Profit (loss) for the period | 9904 | €472 | -€19,688 | -€20,159 | |
| Profit (loss) for the period to be appropriated | 9905 | €472 | -€19,688 | -€20,159 |
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 10 October 2026 via checked.be.