Stedor: 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.
Stedor
Largest movements
- Stocks and contracts +€200,035
up €200,035, from €0 to €200,035
of which Stocks: +€200,035
- Cash -€62,005
down €62,005 (-76.9%), from €80,584 to €18,580
mainly Stocks and contracts (-€200,035) and Receivables within one year (-€7,825)
- Receivables within one year +€7,825
up €7,825 (+77.8%), from €10,059 to €17,884
of which Trade receivables: +€9,426
- Other debts +€153,192
up €153,192 (+597%), from €25,658 to €178,849
- Tax, wage and social debts -€7,043
down €7,043 (-61.0%), from €11,541 to €4,499
of which Taxes: -€3,901
- Trade debts +€3,346
up €3,346 (+529%), from €633 to €3,979
- Accrued charges and deferred income -€2,731
down €2,731 (-31.8%), from €8,583 to €5,852
- Gross operating margin -€26,758
down €26,758 (-72.6%), from €36,881 to €10,122
- Financial charges -€6,149
down €6,149 (-50.3%), from €12,236 to €6,086
- Taxes -€4,051
down €4,051 (-75.4%), from €5,370 to €1,318
- Other operating charges +€814
up €814 (+74.0%), from €1,100 to €1,914
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 | €98,192 | €243,186 | +€144,994 | +148% |
| Fixed assets | 21/28 | €5,386 | €4,186 | -€1,200 | -22.3% |
| Tangible fixed assets | 22/27 | €5,386 | €4,186 | -€1,200 | -22.3% |
| Plant, machinery and equipment | 23 | €2,707 | €2,414 | -€294 | -10.9% |
| Furniture and vehicles | 24 | €2,679 | €1,772 | -€906 | -33.8% |
| Current assets | 29/58 | €92,806 | €239,001 | +€146,194 | +158% |
| Stocks and contracts in progress | 3 | €0 | €200,035 | +€200,035 | |
| Stocks | 30/36 | - | €200,035 | +€200,035 | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €10,059 | €17,884 | +€7,825 | +77.8% |
| Trade receivables | 40 | €8,458 | €17,884 | +€9,426 | +111% |
| Other amounts receivable | 41 | €1,601 | €0 | -€1,601 | -100% |
| Cash at bank and in hand | 54/58 | €80,584 | €18,580 | -€62,005 | -76.9% |
| Deferred charges and accrued income | 490/1 | €2,163 | €2,502 | +€339 | +15.7% |
| Total equity and liabilities | 10/49 | €98,192 | €243,186 | +€144,994 | +148% |
| Equity | 10/15 | €51,778 | €50,007 | -€1,770 | -3.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €15,311 | €15,311 | = | 0.0% |
| Distributable reserves | 133 | €15,311 | €15,311 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,467 | €29,696 | -€1,770 | -5.6% |
| Amounts payable | 17/49 | €46,415 | €193,179 | +€146,764 | +316% |
| Amounts payable within one year | 42/48 | €37,832 | €187,327 | +€149,495 | +395% |
| Trade debts | 44 | €633 | €3,979 | +€3,346 | +529% |
| Suppliers | 440/4 | €633 | €3,979 | +€3,346 | +529% |
| Taxes, remuneration and social security | 45 | €11,541 | €4,499 | -€7,043 | -61.0% |
| Taxes | 450/3 | €5,542 | €1,641 | -€3,901 | -70.4% |
| Remuneration and social security | 454/9 | €5,999 | €2,858 | -€3,141 | -52.4% |
| Other amounts payable | 47/48 | €25,658 | €178,849 | +€153,192 | +597% |
| Accrued charges and deferred income | 492/3 | €8,583 | €5,852 | -€2,731 | -31.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,866 | €2,574 | -€292 | -10.2% |
| Other operating charges | 640/8 | €1,100 | €1,914 | +€814 | +74.0% |
| Gross operating margin | 9900 | €36,881 | €10,122 | -€26,758 | -72.6% |
| Operating profit (loss) | 9901 | €32,915 | €5,634 | -€27,281 | -82.9% |
| Financial income | 75/76B | €2 | €0 | -€2 | -100% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100% |
| Financial charges | 65/66B | €12,236 | €6,086 | -€6,149 | -50.3% |
| Recurring financial charges | 65 | €12,236 | €6,086 | -€6,149 | -50.3% |
| Profit (loss) for the period before taxes | 9903 | €20,681 | -€452 | -€21,133 | |
| Income taxes | 67/77 | €5,370 | €1,318 | -€4,051 | -75.4% |
| Profit (loss) for the period | 9904 | €15,311 | -€1,770 | -€17,082 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,311 | -€1,770 | -€17,082 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.