STEFACO: 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.
STEFACO
Largest movements
- Cash +€38,459
up €38,459 (+55.5%), from €69,264 to €107,723
mainly Other debts (+€40,860) and Depreciation (+€24,539)
- Tangible fixed assets -€6,741
down €6,741 (-4.0%), from €167,230 to €160,489
of which Land and buildings: -€12,451
- Other debts +€40,860
up €40,860 (+45.3%), from €90,244 to €131,104
- Profit (loss) carried forward -€7,791
new in 2025: -€7,791
- Debts after one year -€3,062
down €3,062 (-38.7%), from €7,918 to €4,856
- Gross operating margin -€21,288
down €21,288 (-38.0%), from €56,076 to €34,788
- Depreciation -€3,660
down €3,660 (-13.0%), from €28,200 to €24,539
- Taxes -€3,224
no longer reported in 2025 (was €3,224)
- Financial charges +€2,908
up €2,908 (+46.1%), from €6,312 to €9,220
of which Financial charges: +€2,665
- Other operating charges -€2,611
down €2,611 (-22.8%), from €11,430 to €8,819
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 | €244,456 | €275,071 | +€30,615 | +12.5% |
| Fixed assets | 21/28 | €167,230 | €160,489 | -€6,741 | -4.0% |
| Tangible fixed assets | 22/27 | €167,230 | €160,489 | -€6,741 | -4.0% |
| Land and buildings | 22 | €127,289 | €114,838 | -€12,451 | -9.8% |
| Plant, machinery and equipment | 23 | €39,941 | €45,651 | +€5,710 | +14.3% |
| Current assets | 29/58 | €77,226 | €114,582 | +€37,356 | +48.4% |
| Amounts receivable within one year | 40/41 | €4,776 | €3,500 | -€1,276 | -26.7% |
| Other amounts receivable | 41 | €4,776 | €3,500 | -€1,276 | -26.7% |
| Cash at bank and in hand | 54/58 | €69,264 | €107,723 | +€38,459 | +55.5% |
| Deferred charges and accrued income | 490/1 | €3,186 | €3,359 | +€172 | +5.4% |
| Total equity and liabilities | 10/49 | €244,456 | €275,071 | +€30,615 | +12.5% |
| Equity | 10/15 | €138,126 | €130,335 | -€7,791 | -5.6% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €63,126 | €63,126 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,619 | €3,619 | = | 0.0% |
| Legal reserve | 130 | €3,619 | €3,619 | = | 0.0% |
| Distributable reserves | 133 | €59,507 | €59,507 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€7,791 | -€7,791 | |
| Amounts payable | 17/49 | €106,330 | €144,736 | +€38,406 | +36.1% |
| Amounts payable after more than one year | 17 | €7,918 | €4,856 | -€3,062 | -38.7% |
| Financial debts | 170/4 | €7,918 | €4,856 | -€3,062 | -38.7% |
| Amounts payable within one year | 42/48 | €97,512 | €138,072 | +€40,560 | +41.6% |
| Current portion of amounts payable after more than one year | 42 | €2,928 | €3,062 | +€134 | +4.6% |
| Trade debts | 44 | €2,649 | €1,411 | -€1,238 | -46.7% |
| Suppliers | 440/4 | €2,649 | €1,411 | -€1,238 | -46.7% |
| Taxes, remuneration and social security | 45 | €1,691 | €2,495 | +€804 | +47.5% |
| Taxes | 450/3 | €1,691 | €2,495 | +€804 | +47.5% |
| Other amounts payable | 47/48 | €90,244 | €131,104 | +€40,860 | +45.3% |
| Accrued charges and deferred income | 492/3 | €900 | €1,807 | +€907 | +100.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,200 | €24,539 | -€3,660 | -13.0% |
| Other operating charges | 640/8 | €11,430 | €8,819 | -€2,611 | -22.8% |
| Gross operating margin | 9900 | €56,076 | €34,788 | -€21,288 | -38.0% |
| Operating profit (loss) | 9901 | €16,446 | €1,430 | -€15,016 | -91.3% |
| Financial charges | 65/66B | €6,312 | €9,220 | +€2,908 | +46.1% |
| Recurring financial charges | 65 | €6,312 | €8,977 | +€2,665 | +42.2% |
| Non-recurring financial charges | 66B | - | €243 | +€243 | |
| Profit (loss) for the period before taxes | 9903 | €10,134 | -€7,791 | -€17,925 | |
| Income taxes | 67/77 | €3,224 | - | -€3,224 | |
| Profit (loss) for the period | 9904 | €6,910 | -€7,791 | -€14,700 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,910 | -€7,791 | -€14,700 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.