STECOLIM: 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.
What changed
STECOLIM
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€29,643
2024 · €28,525+€1,118
Equity
€245,847
2024 · €216,204+€29,643
Cash
€11,999
2024 · €5,061+€6,938
Balance sheet total
€1.5m
2024 · €1.5m-€7,468
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€30,000
down €30,000 (-7.1%), from €420,000 to €390,000
- Reserves +€29,643
up €29,643 (+14.4%), from €206,204 to €235,847
Income statement
- Gross operating margin +€1,075
up €1,075 (+3.3%), from €33,004 to €34,079
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.
Result 2024
€28,525
Gross operating margin
+€1,075
Depreciation
-€165
Other operating charges
-€2
Financial income
+€0
Financial charges
-€55
Taxes
+€264
Result 2025
€29,643
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.
From operations
+€36,938
Investment
€0
Financing
-€30,000
Cash 2024
€5,061
From operations (derived)
+€36,938
Net result for the year
+€29,643
Depreciation
+€983
Receivables within one year
+€13,423
Trade debts
+€297
Tax, wage and social debts
-€386
Other debts
-€7,010
Accrued charges and deferred income
-€13
Financing
-€30,000
Debts after one year
-€30,000
Cash 2025
€11,999
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,520,600 | €1,513,132 | -€7,468 | -0.5% |
| Fixed assets | 21/28 | €1,501,828 | €1,500,845 | -€983 | -0.1% |
| Tangible fixed assets | 22/27 | €1,828 | €845 | -€983 | -53.8% |
| Furniture and vehicles | 24 | €1,828 | €845 | -€983 | -53.8% |
| Financial fixed assets | 28 | €1,500,000 | €1,500,000 | = | 0.0% |
| Current assets | 29/58 | €18,773 | €12,288 | -€6,485 | -34.5% |
| Amounts receivable within one year | 40/41 | €13,451 | €28 | -€13,423 | -99.8% |
| Trade receivables | 40 | €13,431 | €0 | -€13,431 | -100.0% |
| Other amounts receivable | 41 | €20 | €28 | +€8 | +40.4% |
| Cash at bank and in hand | 54/58 | €5,061 | €11,999 | +€6,938 | +137.1% |
| Deferred charges and accrued income | 490/1 | €261 | €261 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,520,600 | €1,513,132 | -€7,468 | -0.5% |
| Equity | 10/15 | €216,204 | €245,847 | +€29,643 | +13.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €206,204 | €235,847 | +€29,643 | +14.4% |
| Distributable reserves | 133 | €206,204 | €235,847 | +€29,643 | +14.4% |
| Amounts payable | 17/49 | €1,304,397 | €1,267,285 | -€37,111 | -2.8% |
| Amounts payable after more than one year | 17 | €420,000 | €390,000 | -€30,000 | -7.1% |
| Financial debts | 170/4 | €420,000 | €390,000 | -€30,000 | -7.1% |
| Amounts payable within one year | 42/48 | €881,654 | €874,555 | -€7,099 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €30,000 | €30,000 | = | 0.0% |
| Trade debts | 44 | €1,818 | €2,115 | +€297 | +16.3% |
| Suppliers | 440/4 | €1,818 | €2,115 | +€297 | +16.3% |
| Taxes, remuneration and social security | 45 | €15,200 | €14,814 | -€386 | -2.5% |
| Taxes | 450/3 | €15,200 | €14,814 | -€386 | -2.5% |
| Other amounts payable | 47/48 | €834,636 | €827,626 | -€7,010 | -0.8% |
| Accrued charges and deferred income | 492/3 | €2,743 | €2,730 | -€13 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €818 | €983 | +€165 | +20.1% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €33,004 | €34,079 | +€1,075 | +3.3% |
| Operating profit (loss) | 9901 | €32,068 | €32,977 | +€909 | +2.8% |
| Financial income | 75/76B | €10,000 | €10,000 | +€0 | 0.0% |
| Recurring financial income | 75 | €10,000 | €10,000 | +€0 | 0.0% |
| Financial charges | 65/66B | €5,945 | €6,000 | +€55 | +0.9% |
| Recurring financial charges | 65 | €5,945 | €6,000 | +€55 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €36,122 | €36,977 | +€854 | +2.4% |
| Income taxes | 67/77 | €7,598 | €7,333 | -€264 | -3.5% |
| Profit (loss) for the period | 9904 | €28,525 | €29,643 | +€1,118 | +3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €28,525 | €29,643 | +€1,118 | +3.9% |
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 5 October 2026 via checked.be.