STEDIM: 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.
STEDIM
Largest movements
- Tangible fixed assets -€70,593
down €70,593 (-4.0%), from €1.7m to €1.7m
- Cash +€40,629
up €40,629 (+177.5%), from €22,884 to €63,513
mainly Depreciation (+€73,753) and Net result for the year (+€14,466)
- Debts after one year -€52,333
down €52,333 (-9.0%), from €579,547 to €527,214
- Reserves +€19,000
new in 2025: €19,000
- Financial charges -€1,235
down €1,235 (-15.1%), from €8,179 to €6,944
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 | €1,819,066 | €1,780,661 | -€38,405 | -2.1% |
| Fixed assets | 21/28 | €1,749,748 | €1,679,154 | -€70,593 | -4.0% |
| Tangible fixed assets | 22/27 | €1,749,748 | €1,679,154 | -€70,593 | -4.0% |
| Land and buildings | 22 | €1,749,748 | €1,679,154 | -€70,593 | -4.0% |
| Current assets | 29/58 | €69,319 | €101,507 | +€32,188 | +46.4% |
| Amounts receivable within one year | 40/41 | €45,070 | €34,926 | -€10,144 | -22.5% |
| Trade receivables | 40 | €10,516 | €7,563 | -€2,954 | -28.1% |
| Other amounts receivable | 41 | €34,554 | €27,364 | -€7,190 | -20.8% |
| Cash at bank and in hand | 54/58 | €22,884 | €63,513 | +€40,629 | +177.5% |
| Deferred charges and accrued income | 490/1 | €1,365 | €3,068 | +€1,703 | +124.8% |
| Total equity and liabilities | 10/49 | €1,819,066 | €1,780,661 | -€38,405 | -2.1% |
| Equity | 10/15 | €685,905 | €700,371 | +€14,466 | +2.1% |
| Contributions | 10/11 | €680,600 | €680,600 | = | 0.0% |
| Reserves | 13 | - | €19,000 | +€19,000 | |
| Distributable reserves | 133 | - | €19,000 | +€19,000 | |
| Profit (loss) carried forward | 14 | €5,305 | €771 | -€4,534 | -85.5% |
| Amounts payable | 17/49 | €1,133,162 | €1,080,291 | -€52,871 | -4.7% |
| Amounts payable after more than one year | 17 | €579,547 | €527,214 | -€52,333 | -9.0% |
| Financial debts | 170/4 | €579,547 | €527,214 | -€52,333 | -9.0% |
| Amounts payable within one year | 42/48 | €548,110 | €547,444 | -€666 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €51,789 | €52,333 | +€545 | +1.1% |
| Trade debts | 44 | €925 | €666 | -€260 | -28.1% |
| Suppliers | 440/4 | €925 | €666 | -€260 | -28.1% |
| Taxes, remuneration and social security | 45 | €951 | €0 | -€951 | -100.0% |
| Taxes | 450/3 | €951 | - | -€951 | |
| Other amounts payable | 47/48 | €494,445 | €494,445 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €5,505 | €5,633 | +€128 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,020 | €73,753 | +€733 | +1.0% |
| Other operating charges | 640/8 | €12,332 | €12,125 | -€207 | -1.7% |
| Gross operating margin | 9900 | €106,261 | €107,280 | +€1,019 | +1.0% |
| Operating profit (loss) | 9901 | €20,910 | €21,402 | +€493 | +2.4% |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | €8,179 | €6,944 | -€1,235 | -15.1% |
| Recurring financial charges | 65 | €8,179 | €6,944 | -€1,235 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €12,731 | €14,466 | +€1,736 | +13.6% |
| Profit (loss) for the period | 9904 | €12,731 | €14,466 | +€1,736 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,731 | €14,466 | +€1,736 | +13.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.