STEF DAEMS 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.
STEF DAEMS CONSULTING
Largest movements
- Cash -€194,447
down €194,447 (-77.0%), from €252,630 to €58,183
mainly Contributions, distributions and other (-€381,713) and Investment in fixed assets (net) (-€76,392)
- Tangible fixed assets +€54,392
up €54,392 (+16.1%), from €338,687 to €393,079
of which Leasing and similar rights: +€49,123
- Receivables within one year +€9,584
up €9,584 (+221%), from €4,346 to €13,930
of which Trade receivables: +€11,935
- Profit (loss) carried forward -€282,037
no longer reported in 2025 (was €282,037)
- Other debts +€71,296
up €71,296 (+11,785%), from €605 to €71,901
- Tax, wage and social debts +€47,792
up €47,792 (+429%), from €11,135 to €58,927
- Debts after one year +€25,138
up €25,138 (+8.9%), from €282,571 to €307,710
- Current portion of long-term debt +€10,536
up €10,536 (+73.2%), from €14,391 to €24,927
- Gross operating margin +€15,569
up €15,569 (+11.1%), from €139,862 to €155,431
- Financial income +€6,796
up €6,796 (+236%), from €2,874 to €9,669
of which Financial income: +€6,796
- Taxes +€2,884
up €2,884 (+9.3%), from €31,110 to €33,994
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 | €595,663 | €465,192 | -€130,471 | -21.9% |
| Fixed assets | 21/28 | €338,687 | €393,079 | +€54,392 | +16.1% |
| Tangible fixed assets | 22/27 | €338,687 | €393,079 | +€54,392 | +16.1% |
| Land and buildings | 22 | €323,293 | €322,808 | -€485 | -0.2% |
| Plant, machinery and equipment | 23 | €14,139 | €15,520 | +€1,381 | +9.8% |
| Furniture and vehicles | 24 | €669 | €5,043 | +€4,374 | +654% |
| Leasing and similar rights | 25 | €586 | €49,708 | +€49,123 | +8,385% |
| Current assets | 29/58 | €256,976 | €72,112 | -€184,863 | -71.9% |
| Amounts receivable within one year | 40/41 | €4,346 | €13,930 | +€9,584 | +221% |
| Trade receivables | 40 | - | €11,935 | +€11,935 | |
| Other amounts receivable | 41 | €4,346 | €1,994 | -€2,351 | -54.1% |
| Cash at bank and in hand | 54/58 | €252,630 | €58,183 | -€194,447 | -77.0% |
| Total equity and liabilities | 10/49 | €595,663 | €465,192 | -€130,471 | -21.9% |
| Equity | 10/15 | €283,037 | €1,000 | -€282,037 | -99.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €282,037 | - | -€282,037 | |
| Amounts payable | 17/49 | €312,625 | €464,192 | +€151,566 | +48.5% |
| Amounts payable after more than one year | 17 | €282,571 | €307,710 | +€25,138 | +8.9% |
| Financial debts | 170/4 | €282,571 | €307,710 | +€25,138 | +8.9% |
| Amounts payable within one year | 42/48 | €30,054 | €156,482 | +€126,428 | +421% |
| Current portion of amounts payable after more than one year | 42 | €14,391 | €24,927 | +€10,536 | +73.2% |
| Trade debts | 44 | €623 | €727 | +€104 | +16.6% |
| Suppliers | 440/4 | €623 | €727 | +€104 | +16.6% |
| Advances received on contracts in progress | 46 | €3,300 | - | -€3,300 | |
| Taxes, remuneration and social security | 45 | €11,135 | €58,927 | +€47,792 | +429% |
| Taxes | 450/3 | €11,135 | €58,927 | +€47,792 | +429% |
| Other amounts payable | 47/48 | €605 | €71,901 | +€71,296 | +11,785% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,453 | €22,000 | -€452 | -2.0% |
| Other operating charges | 640/8 | €2,489 | €2,487 | -€2 | -0.1% |
| Gross operating margin | 9900 | €139,862 | €155,431 | +€15,569 | +11.1% |
| Operating profit (loss) | 9901 | €114,921 | €130,944 | +€16,024 | +13.9% |
| Financial income | 75/76B | €2,874 | €9,669 | +€6,796 | +236% |
| Recurring financial income | 75 | €2,874 | €9,669 | +€6,796 | +236% |
| Non-recurring financial income | 76B | €2,874 | €9,669 | +€6,796 | +236% |
| Financial charges | 65/66B | €5,952 | €6,944 | +€993 | +16.7% |
| Recurring financial charges | 65 | €5,952 | €6,944 | +€993 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | €111,843 | €133,670 | +€21,827 | +19.5% |
| Income taxes | 67/77 | €31,110 | €33,994 | +€2,884 | +9.3% |
| Profit (loss) for the period | 9904 | €80,733 | €99,676 | +€18,943 | +23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €80,733 | €99,676 | +€18,943 | +23.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.