STEDO CONSULTING: 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.
STEDO CONSULTING
Largest movements
- Cash +€35,598
up €35,598 (+65.7%), from €54,198 to €89,796
mainly Net result for the year (+€38,239) and Receivables within one year (+€23,680)
- Receivables within one year -€23,680
down €23,680 (-98.6%), from €24,010 to €330
of which Trade receivables: -€24,010
- Reserves +€38,239
new in 2025: €38,239
- Other debts -€22,720
down €22,720 (-38.9%), from €58,386 to €35,666
- Tax, wage and social debts -€3,467
down €3,467 (-19.4%), from €17,865 to €14,398
- Gross operating margin -€18,811
down €18,811 (-28.0%), from €67,132 to €48,322
- Taxes -€3,454
down €3,454 (-26.3%), from €13,124 to €9,670
- Depreciation -€1,352
down €1,352 (-80.8%), from €1,674 to €322
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.
Derived cash bridge
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 | €78,798 | €91,144 | +€12,346 | +15.7% |
| Fixed assets | 21/28 | €590 | €768 | +€178 | +30.2% |
| Tangible fixed assets | 22/27 | €590 | €268 | -€322 | -54.6% |
| Plant, machinery and equipment | 23 | €590 | €268 | -€322 | -54.6% |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €78,208 | €90,376 | +€12,168 | +15.6% |
| Amounts receivable within one year | 40/41 | €24,010 | €330 | -€23,680 | -98.6% |
| Trade receivables | 40 | €24,010 | €0 | -€24,010 | -100% |
| Other amounts receivable | 41 | - | €330 | +€330 | |
| Cash at bank and in hand | 54/58 | €54,198 | €89,796 | +€35,598 | +65.7% |
| Deferred charges and accrued income | 490/1 | - | €250 | +€250 | |
| Total equity and liabilities | 10/49 | €78,798 | €91,144 | +€12,346 | +15.7% |
| Equity | 10/15 | €2,500 | €40,739 | +€38,239 | +1,530% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €38,239 | +€38,239 | |
| Distributable reserves | 133 | - | €38,239 | +€38,239 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €76,298 | €50,405 | -€25,893 | -33.9% |
| Amounts payable within one year | 42/48 | €76,298 | €50,405 | -€25,893 | -33.9% |
| Trade debts | 44 | €47 | €341 | +€294 | +623% |
| Suppliers | 440/4 | €47 | €341 | +€294 | +623% |
| Taxes, remuneration and social security | 45 | €17,865 | €14,398 | -€3,467 | -19.4% |
| Taxes | 450/3 | €17,865 | €14,398 | -€3,467 | -19.4% |
| Other amounts payable | 47/48 | €58,386 | €35,666 | -€22,720 | -38.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,674 | €322 | -€1,352 | -80.8% |
| Gross operating margin | 9900 | €67,132 | €48,322 | -€18,811 | -28.0% |
| Operating profit (loss) | 9901 | €65,458 | €47,999 | -€17,459 | -26.7% |
| Financial charges | 65/66B | €53 | €90 | +€38 | +72.0% |
| Recurring financial charges | 65 | €53 | €90 | +€38 | +72.0% |
| Profit (loss) for the period before taxes | 9903 | €65,406 | €47,909 | -€17,496 | -26.8% |
| Income taxes | 67/77 | €13,124 | €9,670 | -€3,454 | -26.3% |
| Profit (loss) for the period | 9904 | €52,281 | €38,239 | -€14,042 | -26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €52,281 | €38,239 | -€14,042 | -26.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.