Stefan-IT: 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-IT
Largest movements
- Current investments +€137,766
up €137,766 (+1530.7%), from €9,000 to €146,766
- Cash -€57,773
down €57,773 (-43.9%), from €131,730 to €73,958
mainly Current investments (-€137,766) and Investment in fixed assets (net) (-€5,960)
- Tangible fixed assets +€3,076
up €3,076 (+40.6%), from €7,574 to €10,650
of which Furniture and vehicles: +€3,453
- Reserves +€77,569
up €77,569 (+58.0%), from €133,670 to €211,239
No income-statement line moved by more than 1% of the activity.
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 | €166,177 | €246,875 | +€80,698 | +48.6% |
| Fixed assets | 21/28 | €7,574 | €10,650 | +€3,076 | +40.6% |
| Tangible fixed assets | 22/27 | €7,574 | €10,650 | +€3,076 | +40.6% |
| Plant, machinery and equipment | 23 | €1,224 | €847 | -€377 | -30.8% |
| Furniture and vehicles | 24 | €6,350 | €9,803 | +€3,453 | +54.4% |
| Current assets | 29/58 | €158,603 | €236,224 | +€77,621 | +48.9% |
| Amounts receivable within one year | 40/41 | €16,862 | €14,603 | -€2,259 | -13.4% |
| Trade receivables | 40 | €16,862 | €14,599 | -€2,263 | -13.4% |
| Other amounts receivable | 41 | - | €4 | +€4 | |
| Current investments | 50/53 | €9,000 | €146,766 | +€137,766 | +1530.7% |
| Cash at bank and in hand | 54/58 | €131,730 | €73,958 | -€57,773 | -43.9% |
| Deferred charges and accrued income | 490/1 | €1,011 | €898 | -€114 | -11.2% |
| Total equity and liabilities | 10/49 | €166,177 | €246,875 | +€80,698 | +48.6% |
| Equity | 10/15 | €137,670 | €215,239 | +€77,569 | +56.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €133,670 | €211,239 | +€77,569 | +58.0% |
| Distributable reserves | 133 | €133,670 | €211,239 | +€77,569 | +58.0% |
| Amounts payable | 17/49 | €28,507 | €31,636 | +€3,129 | +11.0% |
| Amounts payable within one year | 42/48 | €27,768 | €30,637 | +€2,869 | +10.3% |
| Trade debts | 44 | €531 | €322 | -€209 | -39.4% |
| Suppliers | 440/4 | €531 | €322 | -€209 | -39.4% |
| Taxes, remuneration and social security | 45 | €22,983 | €25,022 | +€2,039 | +8.9% |
| Taxes | 450/3 | €22,983 | €25,022 | +€2,039 | +8.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €4,254 | €5,293 | +€1,039 | +24.4% |
| Accrued charges and deferred income | 492/3 | €740 | €999 | +€259 | +35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,872 | €2,884 | +€1,012 | +54.0% |
| Other operating charges | 640/8 | €421 | €854 | +€433 | +102.9% |
| Gross operating margin | 9900 | €103,121 | €102,241 | -€880 | -0.9% |
| Operating profit (loss) | 9901 | €100,828 | €98,503 | -€2,325 | -2.3% |
| Financial income | 75/76B | €1,126 | €618 | -€508 | -45.1% |
| Recurring financial income | 75 | €1,126 | €618 | -€508 | -45.1% |
| Financial charges | 65/66B | €498 | €534 | +€35 | +7.1% |
| Recurring financial charges | 65 | €498 | €534 | +€35 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €101,456 | €98,588 | -€2,868 | -2.8% |
| Income taxes | 67/77 | €21,528 | €21,019 | -€510 | -2.4% |
| Profit (loss) for the period | 9904 | €79,927 | €77,569 | -€2,358 | -3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €79,927 | €77,569 | -€2,358 | -3.0% |
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 6 October 2026 via checked.be.