STEDSON SERVICES: 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.
STEDSON SERVICES
Largest movements
- Tangible fixed assets +€358,045
up €358,045 (+261.7%), from €136,794 to €494,839
of which Land and buildings: +€350,916
- Cash -€34,665
down €34,665 (-72.5%), from €47,821 to €13,156
mainly Investment in fixed assets (net) (-€364,745) and Tax, wage and social debts (-€7,825)
- Receivables within one year -€5,937
down €5,937 (-83.6%), from €7,101 to €1,164
of which Trade receivables: -€7,101
- Debts after one year +€328,541
up €328,541 (+307.2%), from €106,960 to €435,502
- Tax, wage and social debts -€7,825
down €7,825 (-97.6%), from €8,018 to €193
- Gross operating margin -€22,686
down €22,686 (-69.4%), from €32,690 to €10,003
- Taxes -€5,660
down €5,660 (-92.7%), from €6,103 to €443
- Financial charges -€1,478
down €1,478 (-68.8%), from €2,147 to €669
- Depreciation +€1,291
up €1,291 (+23.9%), from €5,409 to €6,700
- Other operating charges +€994
up €994 (+108.7%), from €915 to €1,910
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €191,716 | €509,160 | +€317,443 | +165.6% |
| Fixed assets | 21/28 | €136,794 | €494,839 | +€358,045 | +261.7% |
| Tangible fixed assets | 22/27 | €136,794 | €494,839 | +€358,045 | +261.7% |
| Land and buildings | 22 | €134,728 | €485,645 | +€350,916 | +260.5% |
| Plant, machinery and equipment | 23 | €2,065 | €985 | -€1,080 | -52.3% |
| Furniture and vehicles | 24 | - | €8,209 | +€8,209 | |
| Current assets | 29/58 | €54,923 | €14,321 | -€40,602 | -73.9% |
| Amounts receivable within one year | 40/41 | €7,101 | €1,164 | -€5,937 | -83.6% |
| Trade receivables | 40 | €7,101 | - | -€7,101 | |
| Other amounts receivable | 41 | - | €1,164 | +€1,164 | |
| Cash at bank and in hand | 54/58 | €47,821 | €13,156 | -€34,665 | -72.5% |
| Total equity and liabilities | 10/49 | €191,716 | €509,160 | +€317,443 | +165.6% |
| Equity | 10/15 | €62,773 | €63,055 | +€282 | +0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,173 | €44,455 | +€282 | +0.6% |
| Amounts payable | 17/49 | €128,943 | €446,104 | +€317,161 | +246.0% |
| Amounts payable after more than one year | 17 | €106,960 | €435,502 | +€328,541 | +307.2% |
| Financial debts | 170/4 | €106,960 | €435,502 | +€328,541 | +307.2% |
| Amounts payable within one year | 42/48 | €21,983 | €10,603 | -€11,380 | -51.8% |
| Current portion of amounts payable after more than one year | 42 | €6,576 | €6,709 | +€133 | +2.0% |
| Trade debts | 44 | €4,309 | €621 | -€3,688 | -85.6% |
| Suppliers | 440/4 | €4,309 | €621 | -€3,688 | -85.6% |
| Taxes, remuneration and social security | 45 | €8,018 | €193 | -€7,825 | -97.6% |
| Taxes | 450/3 | €8,018 | €193 | -€7,825 | -97.6% |
| Other amounts payable | 47/48 | €3,080 | €3,080 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,409 | €6,700 | +€1,291 | +23.9% |
| Other operating charges | 640/8 | €915 | €1,910 | +€994 | +108.7% |
| Gross operating margin | 9900 | €32,690 | €10,003 | -€22,686 | -69.4% |
| Operating profit (loss) | 9901 | €26,366 | €1,394 | -€24,972 | -94.7% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €2,147 | €669 | -€1,478 | -68.8% |
| Recurring financial charges | 65 | €2,147 | €669 | -€1,478 | -68.8% |
| Profit (loss) for the period before taxes | 9903 | €24,221 | €725 | -€23,496 | -97.0% |
| Income taxes | 67/77 | €6,103 | €443 | -€5,660 | -92.7% |
| Profit (loss) for the period | 9904 | €18,118 | €282 | -€17,836 | -98.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,118 | €282 | -€17,836 | -98.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.