STEDA MANAGEMENT: 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.
STEDA MANAGEMENT
Largest movements
- Receivables within one year +€35,332
up €35,332 (+213.7%), from €16,536 to €51,868
of which Trade receivables: +€40,332
- Cash -€19,893
down €19,893 (-38.4%), from €51,752 to €31,859
mainly Receivables within one year (-€35,332) and Other debts (-€459)
- Profit (loss) carried forward +€16,328
up €16,328 (+14.7%), from -€111,364 to -€95,036
- Gross operating margin +€2,219
up €2,219 (+10.3%), from €21,625 to €23,844
- Financial charges +€1,347
up €1,347 (+187.8%), from €717 to €2,065
- Taxes -€1,000
down €1,000 (-16.7%), from €6,000 to €5,000
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 | €71,077 | €86,866 | +€15,789 | +22.2% |
| Current assets | 29/58 | €71,077 | €86,866 | +€15,789 | +22.2% |
| Amounts receivable within one year | 40/41 | €16,536 | €51,868 | +€35,332 | +213.7% |
| Trade receivables | 40 | €10,536 | €50,868 | +€40,332 | +382.8% |
| Other amounts receivable | 41 | €6,000 | €1,000 | -€5,000 | -83.3% |
| Cash at bank and in hand | 54/58 | €51,752 | €31,859 | -€19,893 | -38.4% |
| Deferred charges and accrued income | 490/1 | €2,789 | €3,139 | +€350 | +12.6% |
| Total equity and liabilities | 10/49 | €71,077 | €86,866 | +€15,789 | +22.2% |
| Equity | 10/15 | -€90,913 | -€74,585 | +€16,328 | +18.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€111,364 | -€95,036 | +€16,328 | +14.7% |
| Amounts payable | 17/49 | €161,990 | €161,451 | -€539 | -0.3% |
| Amounts payable within one year | 42/48 | €161,990 | €161,451 | -€539 | -0.3% |
| Financial debts | 43 | €2,000 | €2,000 | = | 0.0% |
| Credit institutions | 430/8 | - | €2,000 | +€2,000 | |
| Other loans | 439 | €2,000 | - | -€2,000 | |
| Trade debts | 44 | €3,686 | €4,057 | +€371 | +10.1% |
| Suppliers | 440/4 | €3,686 | €4,057 | +€371 | +10.1% |
| Taxes, remuneration and social security | 45 | €6,458 | €6,008 | -€450 | -7.0% |
| Taxes | 450/3 | €6,458 | €6,008 | -€450 | -7.0% |
| Other amounts payable | 47/48 | €149,846 | €149,386 | -€459 | -0.3% |
| Other operating charges | 640/8 | €419 | €451 | +€32 | +7.6% |
| Gross operating margin | 9900 | €21,625 | €23,844 | +€2,219 | +10.3% |
| Operating profit (loss) | 9901 | €21,206 | €23,393 | +€2,187 | +10.3% |
| Financial charges | 65/66B | €717 | €2,065 | +€1,347 | +187.8% |
| Recurring financial charges | 65 | €717 | €2,065 | +€1,347 | +187.8% |
| Profit (loss) for the period before taxes | 9903 | €20,488 | €21,328 | +€840 | +4.1% |
| Income taxes | 67/77 | €6,000 | €5,000 | -€1,000 | -16.7% |
| Profit (loss) for the period | 9904 | €14,488 | €16,328 | +€1,840 | +12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,488 | €16,328 | +€1,840 | +12.7% |
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.