STEDEBA: 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.
STEDEBA
Largest movements
- Cash +€50,342
up €50,342 (+71.1%), from €70,807 to €121,150
mainly Depreciation (+€42,717) and Net result for the year (+€34,273)
- Receivables within one year -€31,255
down €31,255 (-63.2%), from €49,490 to €18,234
- Tangible fixed assets +€30,281
up €30,281 (+36.3%), from €83,404 to €113,685
of which Furniture and vehicles: +€38,861
- Intangible fixed assets -€3,775
down €3,775 (-11.8%), from €31,982 to €28,207
- Reserves +€33,273
up €33,273 (+30.4%), from €109,380 to €142,653
- Debts after one year +€13,229
new in 2025: €13,229
- Accrued charges and deferred income -€5,500
no longer reported in 2025 (was €5,500)
- Current portion of long-term debt +€4,813
new in 2025: €4,813
- Gross operating margin +€17,495
up €17,495 (+22.2%), from €78,770 to €96,265
- Depreciation +€13,240
up €13,240 (+44.9%), from €29,476 to €42,717
- Taxes +€1,988
up €1,988 (+15.4%), from €12,902 to €14,890
- Financial charges -€1,207
down €1,207 (-41.6%), from €2,899 to €1,692
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 | €247,445 | €295,187 | +€47,742 | +19.3% |
| Fixed assets | 21/28 | €120,186 | €146,692 | +€26,506 | +22.1% |
| Intangible fixed assets | 21 | €31,982 | €28,207 | -€3,775 | -11.8% |
| Tangible fixed assets | 22/27 | €83,404 | €113,685 | +€30,281 | +36.3% |
| Plant, machinery and equipment | 23 | €25,550 | €18,684 | -€6,866 | -26.9% |
| Furniture and vehicles | 24 | €50,998 | €89,859 | +€38,861 | +76.2% |
| Other tangible fixed assets | 26 | €6,856 | €5,142 | -€1,714 | -25.0% |
| Financial fixed assets | 28 | €4,800 | €4,800 | = | 0.0% |
| Current assets | 29/58 | €127,259 | €148,495 | +€21,236 | +16.7% |
| Stocks and contracts in progress | 3 | €5,097 | €5,239 | +€142 | +2.8% |
| Stocks | 30/36 | €5,097 | €5,239 | +€142 | +2.8% |
| Amounts receivable within one year | 40/41 | €49,490 | €18,234 | -€31,255 | -63.2% |
| Trade receivables | 40 | €49,490 | €18,234 | -€31,255 | -63.2% |
| Cash at bank and in hand | 54/58 | €70,807 | €121,150 | +€50,342 | +71.1% |
| Deferred charges and accrued income | 490/1 | €1,865 | €3,872 | +€2,007 | +107.6% |
| Total equity and liabilities | 10/49 | €247,445 | €295,187 | +€47,742 | +19.3% |
| Equity | 10/15 | €115,580 | €148,853 | +€33,273 | +28.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €109,380 | €142,653 | +€33,273 | +30.4% |
| Distributable reserves | 133 | €109,380 | €142,653 | +€33,273 | +30.4% |
| Amounts payable | 17/49 | €131,865 | €146,334 | +€14,469 | +11.0% |
| Amounts payable after more than one year | 17 | - | €13,229 | +€13,229 | |
| Financial debts | 170/4 | - | €13,229 | +€13,229 | |
| Amounts payable within one year | 42/48 | €126,365 | €133,105 | +€6,739 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | - | €4,813 | +€4,813 | |
| Trade debts | 44 | €24,487 | €24,625 | +€138 | +0.6% |
| Suppliers | 440/4 | €24,487 | €24,625 | +€138 | +0.6% |
| Taxes, remuneration and social security | 45 | €22,346 | €21,721 | -€625 | -2.8% |
| Taxes | 450/3 | €22,346 | €21,721 | -€625 | -2.8% |
| Other amounts payable | 47/48 | €79,533 | €81,946 | +€2,413 | +3.0% |
| Accrued charges and deferred income | 492/3 | €5,500 | - | -€5,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,476 | €42,717 | +€13,240 | +44.9% |
| Other operating charges | 640/8 | €2,060 | €2,972 | +€912 | +44.3% |
| Gross operating margin | 9900 | €78,770 | €96,265 | +€17,495 | +22.2% |
| Operating profit (loss) | 9901 | €47,233 | €50,576 | +€3,343 | +7.1% |
| Financial income | 75/76B | €98 | €279 | +€182 | +186.0% |
| Recurring financial income | 75 | €98 | €279 | +€182 | +186.0% |
| Financial charges | 65/66B | €2,899 | €1,692 | -€1,207 | -41.6% |
| Recurring financial charges | 65 | €2,899 | €1,692 | -€1,207 | -41.6% |
| Profit (loss) for the period before taxes | 9903 | €44,432 | €49,163 | +€4,731 | +10.6% |
| Income taxes | 67/77 | €12,902 | €14,890 | +€1,988 | +15.4% |
| Profit (loss) for the period | 9904 | €31,529 | €34,273 | +€2,744 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €31,529 | €34,273 | +€2,744 | +8.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.