STECOTER: 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.
STECOTER
Largest movements
- Receivables within one year -€25,332
down €25,332 (-38.6%), from €65,657 to €40,325
of which Trade receivables: -€33,292
- Tangible fixed assets +€20,402
up €20,402 (+65.3%), from €31,220 to €51,622
of which Furniture and vehicles: +€17,821
- Cash -€2,004
down €2,004 (-14.3%), from €13,974 to €11,970
mainly Investment in fixed assets (net) (-€38,646) and Trade debts (-€25,658)
- Debts after one year +€37,509
up €37,509 (+288%), from €13,002 to €50,511
- Trade debts -€25,658
down €25,658 (-70.0%), from €36,656 to €10,998
- Profit (loss) carried forward -€19,370
down €19,370, from €11,860 to -€7,510
- Current portion of long-term debt +€9,327
up €9,327 (+307%), from €3,035 to €12,361
- Tax, wage and social debts -€7,407
no longer reported in 2025 (was €7,407)
- Gross operating margin -€27,832
down €27,832 (-97.5%), from €28,560 to €728
- Other operating charges -€12,152
down €12,152 (-95.7%), from €12,701 to €549
- Depreciation +€5,016
up €5,016 (+37.9%), from €13,228 to €18,244
- Staff costs -€1,601
no longer reported in 2025 (was €1,601)
- Financial charges +€690
up €690 (+112%), from €614 to €1,305
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 | €111,528 | €104,477 | -€7,051 | -6.3% |
| Fixed assets | 21/28 | €31,520 | €51,922 | +€20,402 | +64.7% |
| Tangible fixed assets | 22/27 | €31,220 | €51,622 | +€20,402 | +65.3% |
| Land and buildings | 22 | - | €2,767 | +€2,767 | |
| Plant, machinery and equipment | 23 | €2,481 | €2,296 | -€185 | -7.5% |
| Furniture and vehicles | 24 | €28,739 | €46,559 | +€17,821 | +62.0% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €80,008 | €52,555 | -€27,453 | -34.3% |
| Amounts receivable within one year | 40/41 | €65,657 | €40,325 | -€25,332 | -38.6% |
| Trade receivables | 40 | €65,397 | €32,105 | -€33,292 | -50.9% |
| Other amounts receivable | 41 | €260 | €8,220 | +€7,960 | +3,061% |
| Cash at bank and in hand | 54/58 | €13,974 | €11,970 | -€2,004 | -14.3% |
| Deferred charges and accrued income | 490/1 | €376 | €260 | -€116 | -30.9% |
| Total equity and liabilities | 10/49 | €111,528 | €104,477 | -€7,051 | -6.3% |
| Equity | 10/15 | €24,260 | €4,890 | -€19,370 | -79.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,860 | -€7,510 | -€19,370 | |
| Amounts payable | 17/49 | €87,268 | €99,587 | +€12,319 | +14.1% |
| Amounts payable after more than one year | 17 | €13,002 | €50,511 | +€37,509 | +288% |
| Financial debts | 170/4 | €13,002 | €50,511 | +€37,509 | +288% |
| Amounts payable within one year | 42/48 | €74,266 | €49,039 | -€25,227 | -34.0% |
| Current portion of amounts payable after more than one year | 42 | €3,035 | €12,361 | +€9,327 | +307% |
| Trade debts | 44 | €36,656 | €10,998 | -€25,658 | -70.0% |
| Suppliers | 440/4 | €36,656 | €10,998 | -€25,658 | -70.0% |
| Taxes, remuneration and social security | 45 | €7,407 | - | -€7,407 | |
| Taxes | 450/3 | €7,407 | - | -€7,407 | |
| Other amounts payable | 47/48 | €27,168 | €25,679 | -€1,489 | -5.5% |
| Accrued charges and deferred income | 492/3 | - | €37 | +€37 | |
| Remuneration, social security and pensions | 62 | €1,601 | - | -€1,601 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,228 | €18,244 | +€5,016 | +37.9% |
| Other operating charges | 640/8 | €12,701 | €549 | -€12,152 | -95.7% |
| Gross operating margin | 9900 | €28,560 | €728 | -€27,832 | -97.5% |
| Operating profit (loss) | 9901 | €1,030 | -€18,065 | -€19,096 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €614 | €1,305 | +€690 | +112% |
| Recurring financial charges | 65 | €614 | €1,305 | +€690 | +112% |
| Profit (loss) for the period before taxes | 9903 | €416 | -€19,370 | -€19,786 | |
| Income taxes | 67/77 | €392 | - | -€392 | |
| Profit (loss) for the period | 9904 | €24 | -€19,370 | -€19,394 | |
| Profit (loss) for the period to be appropriated | 9905 | €24 | -€19,370 | -€19,394 |
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 16 October 2026 via checked.be.