STEDA: 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.
STEDA
Largest movements
- Receivables within one year -€5,747
down €5,747 (-76.0%), from €7,564 to €1,817
of which Trade receivables: -€7,564
- Tangible fixed assets -€846
down €846 (-28.6%), from €2,961 to €2,114
of which Plant, machinery and equipment: -€585
- Financial fixed assets -€290
no longer reported in 2025 (was €290)
- Other debts -€28,570
no longer reported in 2025 (was €28,570)
- Profit (loss) carried forward +€22,874
up €22,874 (+53.0%), from -€43,169 to -€20,295
- Trade debts -€932
down €932 (-41.0%), from €2,271 to €1,339
- Tax, wage and social debts -€243
down €243 (-5.1%), from €4,817 to €4,574
- Gross operating margin -€51,868
down €51,868 (-68.0%), from €76,286 to €24,417
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 | €11,090 | €4,218 | -€6,872 | -62.0% |
| Fixed assets | 21/28 | €3,251 | €2,114 | -€1,136 | -35.0% |
| Tangible fixed assets | 22/27 | €2,961 | €2,114 | -€846 | -28.6% |
| Plant, machinery and equipment | 23 | €2,155 | €1,570 | -€585 | -27.1% |
| Furniture and vehicles | 24 | €806 | €544 | -€262 | -32.5% |
| Financial fixed assets | 28 | €290 | - | -€290 | |
| Current assets | 29/58 | €7,839 | €2,104 | -€5,735 | -73.2% |
| Amounts receivable within one year | 40/41 | €7,564 | €1,817 | -€5,747 | -76.0% |
| Trade receivables | 40 | €7,564 | - | -€7,564 | |
| Other amounts receivable | 41 | - | €1,817 | +€1,817 | |
| Cash at bank and in hand | 54/58 | €149 | €251 | +€102 | +68.7% |
| Deferred charges and accrued income | 490/1 | €126 | €35 | -€91 | -72.0% |
| Total equity and liabilities | 10/49 | €11,090 | €4,218 | -€6,872 | -62.0% |
| Equity | 10/15 | -€24,569 | -€1,695 | +€22,874 | +93.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,169 | -€20,295 | +€22,874 | +53.0% |
| Amounts payable | 17/49 | €35,659 | €5,913 | -€29,746 | -83.4% |
| Amounts payable within one year | 42/48 | €35,659 | €5,913 | -€29,746 | -83.4% |
| Trade debts | 44 | €2,271 | €1,339 | -€932 | -41.0% |
| Suppliers | 440/4 | €2,271 | €1,339 | -€932 | -41.0% |
| Taxes, remuneration and social security | 45 | €4,817 | €4,574 | -€243 | -5.1% |
| Taxes | 450/3 | €4,817 | €4,574 | -€243 | -5.1% |
| Other amounts payable | 47/48 | €28,570 | - | -€28,570 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €533 | €846 | +€313 | +58.8% |
| Other operating charges | 640/8 | €939 | €610 | -€329 | -35.1% |
| Gross operating margin | 9900 | €76,286 | €24,417 | -€51,868 | -68.0% |
| Operating profit (loss) | 9901 | €74,814 | €22,961 | -€51,853 | -69.3% |
| Financial income | 75/76B | - | €45 | +€45 | |
| Recurring financial income | 75 | - | €45 | +€45 | |
| Financial charges | 65/66B | €202 | €132 | -€70 | -34.6% |
| Recurring financial charges | 65 | €202 | €132 | -€70 | -34.6% |
| Profit (loss) for the period before taxes | 9903 | €74,612 | €22,874 | -€51,738 | -69.3% |
| Profit (loss) for the period | 9904 | €74,612 | €22,874 | -€51,738 | -69.3% |
| Profit (loss) for the period to be appropriated | 9905 | €74,612 | €22,874 | -€51,738 | -69.3% |
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 20 October 2026 via checked.be.