STEF CAFER: 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.
STEF CAFER
Largest movements
- Receivables within one year +€19,345
up €19,345 (+343.8%), from €5,627 to €24,972
of which Trade receivables: +€19,329
- Cash +€2,072
up €2,072 (+34.6%), from €5,981 to €8,053
mainly Net result for the year (+€19,723) and Tax, wage and social debts (+€6,699)
- Tangible fixed assets -€537
down €537 (-31.7%), from €1,692 to €1,156
of which Plant, machinery and equipment: -€321
- Reserves +€17,681
new in 2024: €17,681
- Other debts -€6,995
down €6,995 (-71.6%), from €9,763 to €2,768
- Tax, wage and social debts +€6,699
up €6,699 (+2658.4%), from €252 to €6,951
- Profit (loss) carried forward +€2,042
no longer reported in 2024 (was -€2,042)
- Trade debts +€1,453
up €1,453 (+51.4%), from €2,828 to €4,281
- Gross operating margin +€27,768
up €27,768 (+3246.0%), from €855 to €28,624
- Taxes +€6,699
up €6,699 (+2658.4%), from €252 to €6,951
- Depreciation -€810
down €810 (-66.1%), from €1,226 to €416
- Other operating charges +€349
up €349 (+45.0%), from €775 to €1,123
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,301 | €34,181 | +€20,880 | +157.0% |
| Fixed assets | 21/28 | €1,692 | €1,156 | -€537 | -31.7% |
| Tangible fixed assets | 22/27 | €1,692 | €1,156 | -€537 | -31.7% |
| Plant, machinery and equipment | 23 | €350 | €29 | -€321 | -91.8% |
| Furniture and vehicles | 24 | €1,343 | €1,127 | -€216 | -16.1% |
| Current assets | 29/58 | €11,608 | €33,026 | +€21,417 | +184.5% |
| Amounts receivable within one year | 40/41 | €5,627 | €24,972 | +€19,345 | +343.8% |
| Trade receivables | 40 | €2,851 | €22,180 | +€19,329 | +678.0% |
| Other amounts receivable | 41 | €2,776 | €2,793 | +€16 | +0.6% |
| Cash at bank and in hand | 54/58 | €5,981 | €8,053 | +€2,072 | +34.6% |
| Total equity and liabilities | 10/49 | €13,301 | €34,181 | +€20,880 | +157.0% |
| Equity | 10/15 | €458 | €20,181 | +€19,723 | +4306.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €17,681 | +€17,681 | |
| Distributable reserves | 133 | - | €17,681 | +€17,681 | |
| Profit (loss) carried forward | 14 | -€2,042 | - | +€2,042 | |
| Amounts payable | 17/49 | €12,843 | €14,000 | +€1,157 | +9.0% |
| Amounts payable within one year | 42/48 | €12,843 | €14,000 | +€1,157 | +9.0% |
| Trade debts | 44 | €2,828 | €4,281 | +€1,453 | +51.4% |
| Suppliers | 440/4 | €2,828 | €4,281 | +€1,453 | +51.4% |
| Taxes, remuneration and social security | 45 | €252 | €6,951 | +€6,699 | +2658.4% |
| Taxes | 450/3 | €252 | €6,951 | +€6,699 | +2658.4% |
| Other amounts payable | 47/48 | €9,763 | €2,768 | -€6,995 | -71.6% |
| Non-recurring operating income | 76A | - | €4,215 | +€4,215 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,226 | €416 | -€810 | -66.1% |
| Other operating charges | 640/8 | €775 | €1,123 | +€349 | +45.0% |
| Gross operating margin | 9900 | €855 | €28,624 | +€27,768 | +3246.0% |
| Operating profit (loss) | 9901 | -€1,146 | €27,084 | +€28,230 | |
| Financial charges | 65/66B | €644 | €410 | -€234 | -36.3% |
| Recurring financial charges | 65 | €644 | €410 | -€234 | -36.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,790 | €26,674 | +€28,464 | |
| Income taxes | 67/77 | €252 | €6,951 | +€6,699 | +2658.4% |
| Profit (loss) for the period | 9904 | -€2,042 | €19,723 | +€21,765 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,042 | €19,723 | +€21,765 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.