STEDEKO: 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.
STEDEKO
Largest movements
- Receivables within one year +€40,243
up €40,243 (+2682.9%), from €1,500 to €41,743
of which Trade receivables: +€41,743
- Tangible fixed assets -€4,153
down €4,153 (-4.0%), from €105,076 to €100,923
of which Land and buildings: -€3,178
- Other debts +€123,759
up €123,759 (+414.7%), from €29,845 to €153,604
- Debts after one year -€88,181
no longer reported in 2025 (was €88,181)
- Financial charges +€1,768
up €1,768 (+51.4%), from €3,443 to €5,211
- Gross operating margin -€778
down €778 (-6.2%), from €12,587 to €11,809
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 | €107,915 | €143,008 | +€35,092 | +32.5% |
| Fixed assets | 21/28 | €106,076 | €100,923 | -€5,153 | -4.9% |
| Tangible fixed assets | 22/27 | €105,076 | €100,923 | -€4,153 | -4.0% |
| Land and buildings | 22 | €101,173 | €97,995 | -€3,178 | -3.1% |
| Furniture and vehicles | 24 | €3,903 | €2,927 | -€976 | -25.0% |
| Financial fixed assets | 28 | €1,000 | - | -€1,000 | |
| Current assets | 29/58 | €1,839 | €42,085 | +€40,246 | +2188.0% |
| Amounts receivable within one year | 40/41 | €1,500 | €41,743 | +€40,243 | +2682.9% |
| Trade receivables | 40 | - | €41,743 | +€41,743 | |
| Other amounts receivable | 41 | €1,500 | - | -€1,500 | |
| Cash at bank and in hand | 54/58 | €339 | €342 | +€3 | +0.7% |
| Total equity and liabilities | 10/49 | €107,915 | €143,008 | +€35,092 | +32.5% |
| Equity | 10/15 | -€10,110 | -€11,009 | -€898 | -8.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Outside capital | 11 | €18,550 | €18,550 | = | 0.0% |
| Share premium | 1100/10 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,515 | -€31,414 | -€898 | -2.9% |
| Amounts payable | 17/49 | €118,026 | €154,016 | +€35,990 | +30.5% |
| Amounts payable after more than one year | 17 | €88,181 | - | -€88,181 | |
| Financial debts | 170/4 | €88,181 | - | -€88,181 | |
| Amounts payable within one year | 42/48 | €29,845 | €154,016 | +€124,172 | +416.1% |
| Trade debts | 44 | - | €412 | +€412 | |
| Suppliers | 440/4 | - | €412 | +€412 | |
| Other amounts payable | 47/48 | €29,845 | €153,604 | +€123,759 | +414.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,153 | €4,153 | = | 0.0% |
| Other operating charges | 640/8 | €1,786 | €1,842 | +€56 | +3.1% |
| Non-recurring operating charges | 66A | - | €1,500 | +€1,500 | |
| Gross operating margin | 9900 | €12,587 | €11,809 | -€778 | -6.2% |
| Operating profit (loss) | 9901 | €6,647 | €4,313 | -€2,334 | -35.1% |
| Financial charges | 65/66B | €3,443 | €5,211 | +€1,768 | +51.4% |
| Recurring financial charges | 65 | €3,443 | €5,211 | +€1,768 | +51.4% |
| Profit (loss) for the period before taxes | 9903 | €3,204 | -€898 | -€4,102 | |
| Profit (loss) for the period | 9904 | €3,204 | -€898 | -€4,102 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,204 | -€898 | -€4,102 |
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 4 October 2026 via checked.be.