SteCAnDo: 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.
SteCAnDo
Largest movements
- Receivables within one year +€32,945
up €32,945 (+27.8%), from €118,622 to €151,567
of which Other amounts receivable: +€26,222
- Cash -€25,801
down €25,801 (-64.7%), from €39,896 to €14,095
mainly Contributions, distributions and other (-€150,000) and Receivables within one year (-€32,945)
- Tangible fixed assets -€7,783
down €7,783 (-23.6%), from €33,017 to €25,234
of which Other tangible fixed assets: -€5,434
- Deferred charges and accrued income +€6,700
up €6,700 (+490%), from €1,368 to €8,068
- Other debts +€150,000
new in 2025: €150,000
- Reserves -€144,916
down €144,916 (-82.7%), from €175,312 to €30,396
- Tax, wage and social debts -€4,210
down €4,210 (-68.4%), from €6,158 to €1,948
- Trade debts +€4,063
up €4,063 (+284%), from €1,433 to €5,496
- Gross operating margin -€66,986
down €66,986 (-84.1%), from €79,668 to €12,682
- Taxes -€16,397
down €16,397 (-82.4%), from €19,899 to €3,502
- Financial income +€4,996
up €4,996 (+223%), from €2,240 to €7,236
- Depreciation +€1,244
up €1,244 (+15.2%), from €8,166 to €9,410
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 | €192,902 | €198,964 | +€6,062 | +3.1% |
| Fixed assets | 21/28 | €33,017 | €25,234 | -€7,783 | -23.6% |
| Tangible fixed assets | 22/27 | €33,017 | €25,234 | -€7,783 | -23.6% |
| Furniture and vehicles | 24 | €8,295 | €5,946 | -€2,349 | -28.3% |
| Other tangible fixed assets | 26 | €24,722 | €19,288 | -€5,434 | -22.0% |
| Current assets | 29/58 | €159,885 | €173,730 | +€13,845 | +8.7% |
| Amounts receivable within one year | 40/41 | €118,622 | €151,567 | +€32,945 | +27.8% |
| Trade receivables | 40 | - | €6,723 | +€6,723 | |
| Other amounts receivable | 41 | €118,622 | €144,844 | +€26,222 | +22.1% |
| Cash at bank and in hand | 54/58 | €39,896 | €14,095 | -€25,801 | -64.7% |
| Deferred charges and accrued income | 490/1 | €1,368 | €8,068 | +€6,700 | +490% |
| Total equity and liabilities | 10/49 | €192,902 | €198,964 | +€6,062 | +3.1% |
| Equity | 10/15 | €185,312 | €40,396 | -€144,916 | -78.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €175,312 | €30,396 | -€144,916 | -82.7% |
| Distributable reserves | 133 | €175,312 | €30,396 | -€144,916 | -82.7% |
| Amounts payable | 17/49 | €7,591 | €158,568 | +€150,977 | +1,989% |
| Amounts payable within one year | 42/48 | €7,591 | €157,444 | +€149,853 | +1,974% |
| Trade debts | 44 | €1,433 | €5,496 | +€4,063 | +284% |
| Suppliers | 440/4 | €1,433 | €5,496 | +€4,063 | +284% |
| Taxes, remuneration and social security | 45 | €6,158 | €1,948 | -€4,210 | -68.4% |
| Taxes | 450/3 | €6,158 | €1,948 | -€4,210 | -68.4% |
| Other amounts payable | 47/48 | - | €150,000 | +€150,000 | |
| Accrued charges and deferred income | 492/3 | - | €1,124 | +€1,124 | |
| Non-recurring operating income | 76A | - | €6,263 | +€6,263 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,166 | €9,410 | +€1,244 | +15.2% |
| Other operating charges | 640/8 | €1,083 | €1,242 | +€159 | +14.6% |
| Gross operating margin | 9900 | €79,668 | €12,682 | -€66,986 | -84.1% |
| Operating profit (loss) | 9901 | €70,418 | €2,030 | -€68,388 | -97.1% |
| Financial income | 75/76B | €2,240 | €7,236 | +€4,996 | +223% |
| Recurring financial income | 75 | €2,240 | €7,236 | +€4,996 | +223% |
| Financial charges | 65/66B | €333 | €680 | +€347 | +104% |
| Recurring financial charges | 65 | €333 | €680 | +€347 | +104% |
| Profit (loss) for the period before taxes | 9903 | €72,325 | €8,586 | -€63,739 | -88.1% |
| Income taxes | 67/77 | €19,899 | €3,502 | -€16,397 | -82.4% |
| Profit (loss) for the period | 9904 | €52,426 | €5,084 | -€47,342 | -90.3% |
| Profit (loss) for the period to be appropriated | 9905 | €52,426 | €5,084 | -€47,342 | -90.3% |
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 21 October 2026 via checked.be.