STEFAN COMPUTER SERVICES: 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.
STEFAN COMPUTER SERVICES
Largest movements
- Tangible fixed assets +€37,155
up €37,155 (+155.1%), from €23,959 to €61,114
of which Furniture and vehicles: +€32,885
- Cash -€28,137
down €28,137 (-55.1%), from €51,033 to €22,896
mainly Investment in fixed assets (net) (-€50,078) and Stocks and contracts (-€11,439)
- Stocks and contracts +€11,439
up €11,439 (+79.8%), from €14,340 to €25,778
- Receivables within one year -€7,689
down €7,689 (-46.5%), from €16,545 to €8,856
of which Other amounts receivable: -€9,138
- Deferred charges and accrued income -€3,012
no longer reported in 2025 (was €3,012)
- Reserves +€10,895
up €10,895 (+11.4%), from €95,437 to €106,331
- Tax, wage and social debts -€3,266
no longer reported in 2025 (was €3,266)
- Trade debts +€2,927
up €2,927 (+110.6%), from €2,646 to €5,573
- Gross operating margin +€7,621
up €7,621 (+36.5%), from €20,854 to €28,475
- Taxes +€1,984
up €1,984 (+74.0%), from €2,681 to €4,664
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 | €109,460 | €119,172 | +€9,712 | +8.9% |
| Fixed assets | 21/28 | €23,959 | €61,589 | +€37,630 | +157.1% |
| Tangible fixed assets | 22/27 | €23,959 | €61,114 | +€37,155 | +155.1% |
| Plant, machinery and equipment | 23 | €3,697 | €7,967 | +€4,270 | +115.5% |
| Furniture and vehicles | 24 | €20,262 | €53,147 | +€32,885 | +162.3% |
| Financial fixed assets | 28 | - | €475 | +€475 | |
| Current assets | 29/58 | €85,501 | €57,583 | -€27,918 | -32.7% |
| Stocks and contracts in progress | 3 | €14,340 | €25,778 | +€11,439 | +79.8% |
| Stocks | 30/36 | €14,340 | €25,778 | +€11,439 | +79.8% |
| Amounts receivable within one year | 40/41 | €16,545 | €8,856 | -€7,689 | -46.5% |
| Trade receivables | 40 | €5,819 | €7,268 | +€1,449 | +24.9% |
| Other amounts receivable | 41 | €10,726 | €1,588 | -€9,138 | -85.2% |
| Current investments | 50/53 | €571 | €53 | -€518 | -90.7% |
| Cash at bank and in hand | 54/58 | €51,033 | €22,896 | -€28,137 | -55.1% |
| Deferred charges and accrued income | 490/1 | €3,012 | - | -€3,012 | |
| Total equity and liabilities | 10/49 | €109,460 | €119,172 | +€9,712 | +8.9% |
| Equity | 10/15 | €101,637 | €112,531 | +€10,895 | +10.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €95,437 | €106,331 | +€10,895 | +11.4% |
| Distributable reserves | 133 | €95,437 | €106,331 | +€10,895 | +11.4% |
| Amounts payable | 17/49 | €7,823 | €6,640 | -€1,183 | -15.1% |
| Amounts payable within one year | 42/48 | €7,353 | €6,530 | -€823 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €512 | - | -€512 | |
| Financial debts | 43 | €930 | - | -€930 | |
| Credit institutions | 430/8 | €930 | - | -€930 | |
| Trade debts | 44 | €2,646 | €5,573 | +€2,927 | +110.6% |
| Suppliers | 440/4 | €2,646 | €5,573 | +€2,927 | +110.6% |
| Taxes, remuneration and social security | 45 | €3,266 | - | -€3,266 | |
| Taxes | 450/3 | €3,266 | - | -€3,266 | |
| Other amounts payable | 47/48 | - | €957 | +€957 | |
| Accrued charges and deferred income | 492/3 | €470 | €110 | -€360 | -76.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,202 | €12,448 | +€246 | +2.0% |
| Other operating charges | 640/8 | €513 | €591 | +€78 | +15.2% |
| Gross operating margin | 9900 | €20,854 | €28,475 | +€7,621 | +36.5% |
| Operating profit (loss) | 9901 | €8,138 | €15,435 | +€7,297 | +89.7% |
| Financial income | 75/76B | €86 | €290 | +€203 | +235.7% |
| Recurring financial income | 75 | €86 | €290 | +€203 | +235.7% |
| Financial charges | 65/66B | €274 | €166 | -€109 | -39.6% |
| Recurring financial charges | 65 | €274 | €166 | -€109 | -39.6% |
| Profit (loss) for the period before taxes | 9903 | €7,950 | €15,559 | +€7,609 | +95.7% |
| Income taxes | 67/77 | €2,681 | €4,664 | +€1,984 | +74.0% |
| Profit (loss) for the period | 9904 | €5,270 | €10,895 | +€5,625 | +106.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,270 | €10,895 | +€5,625 | +106.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.