STEF'HOUSE: 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'HOUSE
Largest movements
- Receivables within one year -€5,283
down €5,283 (-36.6%), from €14,434 to €9,151
- Tangible fixed assets -€3,553
down €3,553 (-4.4%), from €79,882 to €76,329
- Debts after one year -€5,462
down €5,462 (-8.8%), from €62,098 to €56,637
- Profit (loss) carried forward -€3,558
down €3,558 (-18.8%), from €18,880 to €15,322
- Gross operating margin +€2,471
up €2,471, from -€15 to €2,456
- Other operating charges +€338
new in 2025: €338
- Financial charges -€325
down €325 (-13.3%), from €2,448 to €2,123
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.
Cash bridge derived
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 | €94,339 | €85,480 | -€8,859 | -9.4% |
| Fixed assets | 21/28 | €79,882 | €76,329 | -€3,553 | -4.4% |
| Tangible fixed assets | 22/27 | €79,882 | €76,329 | -€3,553 | -4.4% |
| Land and buildings | 22 | €79,882 | €76,329 | -€3,553 | -4.4% |
| Current assets | 29/58 | €14,458 | €9,151 | -€5,306 | -36.7% |
| Amounts receivable within one year | 40/41 | €14,434 | €9,151 | -€5,283 | -36.6% |
| Other amounts receivable | 41 | €14,434 | €9,151 | -€5,283 | -36.6% |
| Cash at bank and in hand | 54/58 | €24 | €0 | -€23 | -99.2% |
| Total equity and liabilities | 10/49 | €94,339 | €85,480 | -€8,859 | -9.4% |
| Equity | 10/15 | €26,940 | €23,382 | -€3,558 | -13.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,880 | €15,322 | -€3,558 | -18.8% |
| Amounts payable | 17/49 | €67,399 | €62,098 | -€5,301 | -7.9% |
| Amounts payable after more than one year | 17 | €62,098 | €56,637 | -€5,462 | -8.8% |
| Financial debts | 170/4 | €62,098 | €56,637 | -€5,462 | -8.8% |
| Amounts payable within one year | 42/48 | €5,301 | €5,462 | +€161 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €5,301 | €5,462 | +€161 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,553 | €3,553 | = | 0.0% |
| Other operating charges | 640/8 | - | €338 | +€338 | |
| Gross operating margin | 9900 | -€15 | €2,456 | +€2,471 | |
| Operating profit (loss) | 9901 | -€3,568 | -€1,435 | +€2,133 | +59.8% |
| Financial charges | 65/66B | €2,448 | €2,123 | -€325 | -13.3% |
| Recurring financial charges | 65 | €2,448 | €2,123 | -€325 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,016 | -€3,558 | +€2,458 | +40.9% |
| Profit (loss) for the period | 9904 | -€6,016 | -€3,558 | +€2,458 | +40.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,016 | -€3,558 | +€2,458 | +40.9% |
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 10 October 2026 via checked.be.