STEDEMA: 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.
STEDEMA
Largest movements
- Cash +€52,429
up €52,429 (+110.4%), from €47,478 to €99,907
mainly Net result for the year (+€64,539) and Depreciation (+€16,075)
- Tangible fixed assets -€16,075
down €16,075 (-14.1%), from €113,708 to €97,633
of which Furniture and vehicles: -€13,910
- Receivables within one year -€3,660
down €3,660 (-16.8%), from €21,810 to €18,150
- Profit (loss) carried forward +€44,539
up €44,539 (+106.1%), from €41,963 to €86,502
- Debts after one year -€25,883
down €25,883 (-73.2%), from €35,378 to €9,495
- Trade debts +€15,675
up €15,675 (+144.5%), from €10,845 to €26,520
- Other debts -€9,954
down €9,954 (-33.2%), from €30,010 to €20,056
- Tax, wage and social debts +€7,268
up €7,268 (+23.7%), from €30,652 to €37,920
- Gross operating margin -€10,998
down €10,998 (-8.0%), from €137,463 to €126,465
- Other operating charges -€7,295
down €7,295 (-65.6%), from €11,124 to €3,829
- Taxes +€5,893
up €5,893 (+29.5%), from €20,000 to €25,893
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 | €184,209 | €217,106 | +€32,897 | +17.9% |
| Fixed assets | 21/28 | €113,708 | €97,633 | -€16,075 | -14.1% |
| Tangible fixed assets | 22/27 | €113,708 | €97,633 | -€16,075 | -14.1% |
| Land and buildings | 22 | €62,836 | €60,671 | -€2,165 | -3.4% |
| Furniture and vehicles | 24 | €50,872 | €36,962 | -€13,910 | -27.3% |
| Current assets | 29/58 | €70,501 | €119,473 | +€48,972 | +69.5% |
| Amounts receivable within one year | 40/41 | €21,810 | €18,150 | -€3,660 | -16.8% |
| Trade receivables | 40 | €21,810 | €18,150 | -€3,660 | -16.8% |
| Cash at bank and in hand | 54/58 | €47,478 | €99,907 | +€52,429 | +110.4% |
| Deferred charges and accrued income | 490/1 | €1,213 | €1,417 | +€203 | +16.8% |
| Total equity and liabilities | 10/49 | €184,209 | €217,106 | +€32,897 | +17.9% |
| Equity | 10/15 | €52,963 | €97,502 | +€44,539 | +84.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | €10,000 | €10,000 | = | 0.0% |
| Issued capital | 100 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,000 | €1,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Legal reserve | 130 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,963 | €86,502 | +€44,539 | +106.1% |
| Amounts payable | 17/49 | €131,246 | €119,604 | -€11,642 | -8.9% |
| Amounts payable after more than one year | 17 | €35,378 | €9,495 | -€25,883 | -73.2% |
| Financial debts | 170/4 | €35,378 | €9,495 | -€25,883 | -73.2% |
| Amounts payable within one year | 42/48 | €95,868 | €110,109 | +€14,241 | +14.9% |
| Current portion of amounts payable after more than one year | 42 | €24,361 | €25,613 | +€1,252 | +5.1% |
| Trade debts | 44 | €10,845 | €26,520 | +€15,675 | +144.5% |
| Suppliers | 440/4 | €10,845 | €26,520 | +€15,675 | +144.5% |
| Taxes, remuneration and social security | 45 | €30,652 | €37,920 | +€7,268 | +23.7% |
| Taxes | 450/3 | €30,652 | €37,920 | +€7,268 | +23.7% |
| Other amounts payable | 47/48 | €30,010 | €20,056 | -€9,954 | -33.2% |
| Remuneration, social security and pensions | 62 | €15,245 | €14,173 | -€1,072 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,075 | €16,075 | = | 0.0% |
| Other operating charges | 640/8 | €11,124 | €3,829 | -€7,295 | -65.6% |
| Gross operating margin | 9900 | €137,463 | €126,465 | -€10,998 | -8.0% |
| Operating profit (loss) | 9901 | €95,020 | €92,388 | -€2,632 | -2.8% |
| Financial charges | 65/66B | €2,057 | €1,956 | -€101 | -4.9% |
| Recurring financial charges | 65 | €2,057 | €1,956 | -€101 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €92,963 | €90,432 | -€2,531 | -2.7% |
| Income taxes | 67/77 | €20,000 | €25,893 | +€5,893 | +29.5% |
| Profit (loss) for the period | 9904 | €72,963 | €64,539 | -€8,424 | -11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €72,963 | €64,539 | -€8,424 | -11.5% |
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 7 October 2026 via checked.be.