STEDICO: 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.
STEDICO
Largest movements
- Cash +€160,813
up €160,813 (+58.6%), from €274,322 to €435,134
mainly Net result for the year (+€137,966) and Receivables within one year (+€78,237)
- Receivables within one year -€78,237
down €78,237 (-91.3%), from €85,737 to €7,500
of which Other amounts receivable: -€78,237
- Tangible fixed assets +€10,879
up €10,879 (+46.0%), from €23,653 to €34,531
of which Furniture and vehicles: +€10,879
- Reserves +€68,332
up €68,332 (+20.5%), from €333,531 to €401,863
of which Distributable reserves: +€68,332
- Other debts +€20,039
up €20,039, from €0 to €20,039
- Tax, wage and social debts +€8,281
up €8,281 (+19.6%), from €42,181 to €50,462
of which Taxes: +€8,281
- Purchases and services -€61,772
down €61,772 (-18.4%), from €335,613 to €273,841
- Gross operating margin -€10,455
down €10,455 (-4.8%), from €218,384 to €207,929
- Turnover +€8,802
up €8,802 (+1.9%), from €468,836 to €477,638
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 | €384,242 | €480,793 | +€96,551 | +25.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €23,653 | €34,531 | +€10,879 | +46.0% |
| Tangible fixed assets | 22/27 | €23,653 | €34,531 | +€10,879 | +46.0% |
| Furniture and vehicles | 24 | €23,653 | €34,531 | +€10,879 | +46.0% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €360,590 | €446,262 | +€85,673 | +23.8% |
| Amounts receivable within one year | 40/41 | €85,737 | €7,500 | -€78,237 | -91.3% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €85,737 | €7,500 | -€78,237 | -91.3% |
| Cash at bank and in hand | 54/58 | €274,322 | €435,134 | +€160,813 | +58.6% |
| Deferred charges and accrued income | 490/1 | €531 | €3,628 | +€3,097 | +583.5% |
| Total equity and liabilities | 10/49 | €384,242 | €480,793 | +€96,551 | +25.1% |
| Equity | 10/15 | €339,731 | €408,063 | +€68,332 | +20.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €333,531 | €401,863 | +€68,332 | +20.5% |
| Non-distributable reserves | 130/1 | €1,843 | €1,843 | = | 0.0% |
| Legal reserve | 130 | €1,843 | €1,843 | = | 0.0% |
| Distributable reserves | 133 | €331,688 | €400,020 | +€68,332 | +20.6% |
| Amounts payable | 17/49 | €44,511 | €72,730 | +€28,219 | +63.4% |
| Amounts payable within one year | 42/48 | €44,511 | €72,677 | +€28,166 | +63.3% |
| Trade debts | 44 | €2,330 | €2,177 | -€153 | -6.6% |
| Suppliers | 440/4 | €2,330 | €2,177 | -€153 | -6.6% |
| Taxes, remuneration and social security | 45 | €42,181 | €50,462 | +€8,281 | +19.6% |
| Taxes | 450/3 | €42,181 | €50,462 | +€8,281 | +19.6% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €0 | €20,039 | +€20,039 | |
| Accrued charges and deferred income | 492/3 | - | €53 | +€53 | |
| Turnover | 70 | €468,836 | €477,638 | +€8,802 | +1.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €335,613 | €273,841 | -€61,772 | -18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,847 | €7,514 | +€1,667 | +28.5% |
| Other operating charges | 640/8 | €1,010 | €499 | -€511 | -50.6% |
| Non-recurring operating charges | 66A | - | €170 | +€170 | |
| Gross operating margin | 9900 | €218,384 | €207,929 | -€10,455 | -4.8% |
| Operating profit (loss) | 9901 | €211,526 | €199,746 | -€11,780 | -5.6% |
| Financial income | 75/76B | €1 | €0 | -€1 | -93.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -93.0% |
| Financial charges | 65/66B | €312 | €194 | -€118 | -37.8% |
| Recurring financial charges | 65 | €312 | €194 | -€118 | -37.8% |
| Profit (loss) for the period before taxes | 9903 | €211,215 | €199,552 | -€11,663 | -5.5% |
| Income taxes | 67/77 | €66,019 | €61,586 | -€4,433 | -6.7% |
| Profit (loss) for the period | 9904 | €145,196 | €137,966 | -€7,230 | -5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €145,196 | €137,966 | -€7,230 | -5.0% |
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 11 October 2026 via checked.be.