STECI: 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.
STECI
Largest movements
- Cash +€20,856
up €20,856 (+161.6%), from €12,907 to €33,763
mainly Net result for the year (+€26,779) and Depreciation (+€865)
- Current investments +€5,000
up €5,000 (+6.7%), from €75,000 to €80,000
- Reserves +€26,779
up €26,779 (+33.4%), from €80,270 to €107,049
- Tax, wage and social debts -€1,790
down €1,790 (-35.8%), from €5,004 to €3,214
- Gross operating margin +€5,321
up €5,321 (+16.1%), from €32,998 to €38,318
- Taxes +€1,366
up €1,366 (+12.7%), from €10,736 to €12,102
- Financial income -€456
down €456 (-23.7%), from €1,924 to €1,468
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 | €95,274 | €120,471 | +€25,197 | +26.4% |
| Fixed assets | 21/28 | €7,242 | €6,377 | -€865 | -11.9% |
| Tangible fixed assets | 22/27 | €7,242 | €6,377 | -€865 | -11.9% |
| Other tangible fixed assets | 26 | €7,242 | €6,377 | -€865 | -11.9% |
| Current assets | 29/58 | €88,032 | €114,094 | +€26,062 | +29.6% |
| Amounts receivable within one year | 40/41 | €125 | €125 | = | 0.0% |
| Other amounts receivable | 41 | €125 | €125 | = | 0.0% |
| Current investments | 50/53 | €75,000 | €80,000 | +€5,000 | +6.7% |
| Cash at bank and in hand | 54/58 | €12,907 | €33,763 | +€20,856 | +161.6% |
| Deferred charges and accrued income | 490/1 | - | €206 | +€206 | |
| Total equity and liabilities | 10/49 | €95,274 | €120,471 | +€25,197 | +26.4% |
| Equity | 10/15 | €90,270 | €117,049 | +€26,779 | +29.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €80,270 | €107,049 | +€26,779 | +33.4% |
| Distributable reserves | 133 | €80,270 | €107,049 | +€26,779 | +33.4% |
| Amounts payable | 17/49 | €5,004 | €3,422 | -€1,581 | -31.6% |
| Amounts payable within one year | 42/48 | €5,004 | €3,422 | -€1,581 | -31.6% |
| Trade debts | 44 | - | €209 | +€209 | |
| Suppliers | 440/4 | - | €209 | +€209 | |
| Taxes, remuneration and social security | 45 | €5,004 | €3,214 | -€1,790 | -35.8% |
| Taxes | 450/3 | €5,004 | €3,214 | -€1,790 | -35.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €865 | €865 | = | 0.0% |
| Other operating charges | 640/8 | €62 | - | -€62 | |
| Gross operating margin | 9900 | €32,998 | €38,318 | +€5,321 | +16.1% |
| Operating profit (loss) | 9901 | €32,071 | €37,453 | +€5,383 | +16.8% |
| Financial income | 75/76B | €1,924 | €1,468 | -€456 | -23.7% |
| Recurring financial income | 75 | €1,924 | €1,468 | -€456 | -23.7% |
| Financial charges | 65/66B | €44 | €40 | -€3 | -7.1% |
| Recurring financial charges | 65 | €44 | €40 | -€3 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €33,952 | €38,881 | +€4,929 | +14.5% |
| Income taxes | 67/77 | €10,736 | €12,102 | +€1,366 | +12.7% |
| Profit (loss) for the period | 9904 | €23,216 | €26,779 | +€3,563 | +15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €23,216 | €26,779 | +€3,563 | +15.3% |
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 11 October 2026 via checked.be.