STECARDISA: 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.
STECARDISA
Largest movements
- Cash +€793,862
up €793,862 (+451.7%), from €175,760 to €969,621
mainly Other debts (+€786,345) and Net result for the year (+€566,689)
- Tangible fixed assets -€239,867
down €239,867 (-54.4%), from €440,531 to €200,664
of which Land and buildings: -€240,531
- Other debts +€786,345
new in 2025: €786,345
- Contributions -€754,485
down €754,485 (-91.5%), from €825,000 to €70,515
- Reserves +€521,174
up €521,174 (+1047.2%), from €49,769 to €570,943
- Gross operating margin +€722,716
up €722,716 (+1872.2%), from €38,602 to €761,318
- Taxes +€189,684
new in 2025: €189,684
- Depreciation -€28,470
down €28,470 (-99.5%), from €28,605 to €135
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 | €877,682 | €1,441,459 | +€563,777 | +64.2% |
| Fixed assets | 21/28 | €440,531 | €200,664 | -€239,867 | -54.4% |
| Tangible fixed assets | 22/27 | €440,531 | €200,664 | -€239,867 | -54.4% |
| Land and buildings | 22 | €440,531 | €200,000 | -€240,531 | -54.6% |
| Plant, machinery and equipment | 23 | €0 | €664 | +€664 | |
| Current assets | 29/58 | €437,151 | €1,240,795 | +€803,644 | +183.8% |
| Amounts receivable within one year | 40/41 | €534 | €10,316 | +€9,782 | +1831.9% |
| Trade receivables | 40 | €534 | - | -€534 | |
| Other amounts receivable | 41 | - | €10,316 | +€10,316 | |
| Current investments | 50/53 | €260,857 | €260,857 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €175,760 | €969,621 | +€793,862 | +451.7% |
| Total equity and liabilities | 10/49 | €877,682 | €1,441,459 | +€563,777 | +64.2% |
| Equity | 10/15 | €874,769 | €641,459 | -€233,311 | -26.7% |
| Contributions | 10/11 | €825,000 | €70,515 | -€754,485 | -91.5% |
| Reserves | 13 | €49,769 | €570,943 | +€521,174 | +1047.2% |
| Distributable reserves | 133 | €49,769 | €570,943 | +€521,174 | +1047.2% |
| Amounts payable | 17/49 | €2,912 | €800,000 | +€797,088 | +27368.0% |
| Amounts payable within one year | 42/48 | €1,212 | €800,000 | +€798,788 | +65880.5% |
| Trade debts | 44 | €1,212 | - | -€1,212 | |
| Suppliers | 440/4 | €1,212 | - | -€1,212 | |
| Taxes, remuneration and social security | 45 | - | €13,655 | +€13,655 | |
| Taxes | 450/3 | - | €13,655 | +€13,655 | |
| Other amounts payable | 47/48 | - | €786,345 | +€786,345 | |
| Accrued charges and deferred income | 492/3 | €1,700 | - | -€1,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,605 | €135 | -€28,470 | -99.5% |
| Other operating charges | 640/8 | €5,764 | €5,633 | -€131 | -2.3% |
| Gross operating margin | 9900 | €38,602 | €761,318 | +€722,716 | +1872.2% |
| Operating profit (loss) | 9901 | €4,233 | €755,550 | +€751,316 | +17747.0% |
| Financial income | 75/76B | €362 | €1,273 | +€910 | +251.2% |
| Recurring financial income | 75 | €362 | €1,273 | +€910 | +251.2% |
| Financial charges | 65/66B | €164 | €449 | +€286 | +174.4% |
| Recurring financial charges | 65 | €164 | €449 | +€286 | +174.4% |
| Profit (loss) for the period before taxes | 9903 | €4,432 | €756,373 | +€751,941 | +16965.4% |
| Income taxes | 67/77 | - | €189,684 | +€189,684 | |
| Profit (loss) for the period | 9904 | €4,432 | €566,689 | +€562,257 | +12685.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,432 | €566,689 | +€562,257 | +12685.7% |
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 30 September 2026 via checked.be.