SteCum: 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.
SteCum
Largest movements
- Tangible fixed assets -€5,391
down €5,391 (-31.7%), from €17,028 to €11,637
of which Plant, machinery and equipment: -€3,453
- Receivables within one year -€4,530
down €4,530 (-57.1%), from €7,930 to €3,400
of which Trade receivables: -€5,281
- Cash +€3,872
up €3,872 (+10.5%), from €36,884 to €40,756
mainly Other debts (+€15,656) and Depreciation (+€9,595)
- Profit (loss) carried forward -€22,091
down €22,091 (-84.5%), from -€26,151 to -€48,242
- Other debts +€15,656
up €15,656 (+28.0%), from €55,848 to €71,504
- Trade debts +€2,204
up €2,204 (+110.2%), from €2,000 to €4,204
- Tax, wage and social debts -€2,075
down €2,075 (-59.9%), from €3,466 to €1,391
- Gross operating margin -€11,627
down €11,627, from €3,475 to -€8,152
- Taxes +€5,296
up €5,296, from -€2,648 to €2,648
- Depreciation -€1,583
down €1,583 (-14.2%), from €11,178 to €9,595
- Other operating charges +€401
up €401 (+61.3%), from €654 to €1,055
- Financial charges +€180
up €180 (+39.0%), from €461 to €641
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €62,031 | €55,793 | -€6,238 | -10.1% |
| Fixed assets | 21/28 | €17,028 | €11,637 | -€5,391 | -31.7% |
| Tangible fixed assets | 22/27 | €17,028 | €11,637 | -€5,391 | -31.7% |
| Land and buildings | 22 | €40 | - | -€40 | |
| Plant, machinery and equipment | 23 | €6,772 | €3,319 | -€3,453 | -51.0% |
| Furniture and vehicles | 24 | €10,216 | €8,318 | -€1,898 | -18.6% |
| Current assets | 29/58 | €45,003 | €44,156 | -€847 | -1.9% |
| Amounts receivable within one year | 40/41 | €7,930 | €3,400 | -€4,530 | -57.1% |
| Trade receivables | 40 | €5,281 | - | -€5,281 | |
| Other amounts receivable | 41 | €2,649 | €3,400 | +€751 | +28.4% |
| Cash at bank and in hand | 54/58 | €36,884 | €40,756 | +€3,872 | +10.5% |
| Deferred charges and accrued income | 490/1 | €189 | - | -€189 | |
| Total equity and liabilities | 10/49 | €62,031 | €55,793 | -€6,238 | -10.1% |
| Equity | 10/15 | €717 | -€21,374 | -€22,091 | |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €20,368 | €20,368 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €18,508 | €20,368 | +€1,860 | +10.0% |
| Profit (loss) carried forward | 14 | -€26,151 | -€48,242 | -€22,091 | -84.5% |
| Amounts payable | 17/49 | €61,314 | €77,167 | +€15,853 | +25.9% |
| Amounts payable within one year | 42/48 | €61,314 | €77,167 | +€15,853 | +25.9% |
| Financial debts | 43 | - | €68 | +€68 | |
| Credit institutions | 430/8 | - | €68 | +€68 | |
| Trade debts | 44 | €2,000 | €4,204 | +€2,204 | +110.2% |
| Suppliers | 440/4 | €2,000 | €4,204 | +€2,204 | +110.2% |
| Taxes, remuneration and social security | 45 | €3,466 | €1,391 | -€2,075 | -59.9% |
| Taxes | 450/3 | €3,466 | €1,391 | -€2,075 | -59.9% |
| Other amounts payable | 47/48 | €55,848 | €71,504 | +€15,656 | +28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,178 | €9,595 | -€1,583 | -14.2% |
| Other operating charges | 640/8 | €654 | €1,055 | +€401 | +61.3% |
| Gross operating margin | 9900 | €3,475 | -€8,152 | -€11,627 | |
| Operating profit (loss) | 9901 | -€8,357 | -€18,802 | -€10,445 | -125.0% |
| Financial charges | 65/66B | €461 | €641 | +€180 | +39.0% |
| Recurring financial charges | 65 | €461 | €641 | +€180 | +39.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,818 | -€19,443 | -€10,625 | -120.5% |
| Income taxes | 67/77 | -€2,648 | €2,648 | +€5,296 | |
| Profit (loss) for the period | 9904 | -€6,170 | -€22,091 | -€15,921 | -258.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,170 | -€22,091 | -€15,921 | -258.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.