STEF'MOTORS: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
STEF'MOTORS
Largest movements
- Tangible fixed assets -€23,868
down €23,868 (-37.6%), from €63,538 to €39,670
of which Land and buildings: -€14,483
- Cash -€7,947
down €7,947 (-11.3%), from €70,506 to €62,559
mainly Net result for the year (-€31,565) and Trade debts (-€3,298)
- Stocks and contracts -€5,935
down €5,935 (-13.7%), from €43,351 to €37,417
- Profit (loss) carried forward -€29,124
down €29,124 (-58.8%), from -€49,517 to -€78,641
- Trade debts -€3,298
down €3,298 (-20.0%), from €16,452 to €13,154
- Tax, wage and social debts +€3,216
up €3,216 (+51.8%), from €6,205 to €9,421
- Reserves -€2,441
down €2,441 (-9.1%), from €26,725 to €24,284
- Accrued charges and deferred income -€2,100
down €2,100 (-100%), from €2,100 to €0
- Gross operating margin -€3,296
down €3,296 (-139%), from -€2,366 to -€5,662
- Other operating charges +€229
up €229 (+7.7%), from €2,954 to €3,183
- Depreciation -€108
down €108 (-0.5%), from €23,976 to €23,868
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €187,213 | €151,416 | -€35,797 | -19.1% |
| Fixed assets | 21/28 | €63,538 | €39,670 | -€23,868 | -37.6% |
| Tangible fixed assets | 22/27 | €63,538 | €39,670 | -€23,868 | -37.6% |
| Land and buildings | 22 | €46,274 | €31,790 | -€14,483 | -31.3% |
| Plant, machinery and equipment | 23 | €512 | €231 | -€282 | -55.0% |
| Furniture and vehicles | 24 | €16,752 | €7,649 | -€9,103 | -54.3% |
| Current assets | 29/58 | €123,675 | €111,746 | -€11,929 | -9.6% |
| Stocks and contracts in progress | 3 | €43,351 | €37,417 | -€5,935 | -13.7% |
| Stocks | 30/36 | €43,351 | €37,417 | -€5,935 | -13.7% |
| Amounts receivable within one year | 40/41 | €6,023 | €7,780 | +€1,757 | +29.2% |
| Trade receivables | 40 | €6,023 | €7,359 | +€1,337 | +22.2% |
| Other amounts receivable | 41 | €0 | €420 | +€420 | |
| Cash at bank and in hand | 54/58 | €70,506 | €62,559 | -€7,947 | -11.3% |
| Deferred charges and accrued income | 490/1 | €3,796 | €3,991 | +€195 | +5.1% |
| Total equity and liabilities | 10/49 | €187,213 | €151,416 | -€35,797 | -19.1% |
| Equity | 10/15 | €607 | -€30,957 | -€31,565 | |
| Contributions | 10/11 | €23,400 | €23,400 | = | 0.0% |
| Reserves | 13 | €26,725 | €24,284 | -€2,441 | -9.1% |
| Tax-exempt reserves | 132 | €26,725 | €24,284 | -€2,441 | -9.1% |
| Profit (loss) carried forward | 14 | -€49,517 | -€78,641 | -€29,124 | -58.8% |
| Provisions and deferred taxes | 16 | €3,771 | €2,514 | -€1,257 | -33.3% |
| Deferred taxes | 168 | €3,771 | €2,514 | -€1,257 | -33.3% |
| Amounts payable | 17/49 | €182,835 | €179,860 | -€2,975 | -1.6% |
| Amounts payable within one year | 42/48 | €180,735 | €179,860 | -€875 | -0.5% |
| Trade debts | 44 | €16,452 | €13,154 | -€3,298 | -20.0% |
| Suppliers | 440/4 | €16,452 | €13,154 | -€3,298 | -20.0% |
| Taxes, remuneration and social security | 45 | €6,205 | €9,421 | +€3,216 | +51.8% |
| Taxes | 450/3 | €6,205 | €9,421 | +€3,216 | +51.8% |
| Other amounts payable | 47/48 | €158,078 | €157,285 | -€794 | -0.5% |
| Accrued charges and deferred income | 492/3 | €2,100 | €0 | -€2,100 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,976 | €23,868 | -€108 | -0.5% |
| Other operating charges | 640/8 | €2,954 | €3,183 | +€229 | +7.7% |
| Gross operating margin | 9900 | -€2,366 | -€5,662 | -€3,296 | -139% |
| Operating profit (loss) | 9901 | -€29,297 | -€32,712 | -€3,416 | -11.7% |
| Financial income | 75/76B | €20 | €11 | -€10 | -47.6% |
| Recurring financial income | 75 | €20 | €11 | -€10 | -47.6% |
| Financial charges | 65/66B | €87 | €120 | +€33 | +38.1% |
| Recurring financial charges | 65 | €87 | €120 | +€33 | +38.1% |
| Profit (loss) for the period before taxes | 9903 | -€29,363 | -€32,821 | -€3,458 | -11.8% |
| Transfer from deferred taxes | 780 | €1,257 | €1,257 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€28,106 | -€31,565 | -€3,458 | -12.3% |
| Transfer from tax-exempt reserves | 789 | €2,441 | €2,441 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,665 | -€29,124 | -€3,458 | -13.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.