STEFANI & CIE: 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.
STEFANI & CIE
Largest movements
- Cash -€16,425
down €16,425 (-84.0%), from €19,563 to €3,138
mainly Tax, wage and social debts (-€16,428) and Contributions, distributions and other (-€15,000)
- Financial fixed assets -€10,319
down €10,319 (-12.0%), from €86,320 to €76,000
- Receivables within one year -€2,911
down €2,911 (-10.9%), from €26,755 to €23,844
of which Other amounts receivable: -€3,714
- Tax, wage and social debts -€16,428
down €16,428 (-30.3%), from €54,241 to €37,813
of which Taxes: -€10,697
- Debts after one year -€9,072
down €9,072 (-22.2%), from €40,794 to €31,722
- Profit (loss) carried forward -€8,397
down €8,397 (-57.1%), from €14,693 to €6,296
- Trade debts +€6,381
up €6,381 (+48.6%), from €13,122 to €19,502
- Other debts -€2,473
down €2,473 (-99.7%), from €2,479 to €6
- Gross operating margin -€53,438
down €53,438 (-49.4%), from €108,187 to €54,749
- Staff costs -€25,593
down €25,593 (-40.3%), from €63,560 to €37,967
- Financial income +€11,991
up €11,991 (+478.3%), from €2,507 to €14,498
of which Financial income: +€11,978
- Depreciation -€11,851
down €11,851 (-63.1%), from €18,769 to €6,918
- Financial charges +€3,015
up €3,015 (+79.9%), from €3,773 to €6,789
of which Non-recurring financial charges: +€1,755
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 | €157,816 | €128,863 | -€28,953 | -18.3% |
| Fixed assets | 21/28 | €110,341 | €100,617 | -€9,724 | -8.8% |
| Tangible fixed assets | 22/27 | €24,021 | €24,616 | +€595 | +2.5% |
| Land and buildings | 22 | €12,546 | €15,231 | +€2,685 | +21.4% |
| Plant, machinery and equipment | 23 | €618 | €3,127 | +€2,509 | +406.0% |
| Furniture and vehicles | 24 | €10,857 | €6,259 | -€4,598 | -42.4% |
| Financial fixed assets | 28 | €86,320 | €76,000 | -€10,319 | -12.0% |
| Current assets | 29/58 | €47,475 | €28,246 | -€19,229 | -40.5% |
| Amounts receivable within one year | 40/41 | €26,755 | €23,844 | -€2,911 | -10.9% |
| Trade receivables | 40 | €19,679 | €20,482 | +€803 | +4.1% |
| Other amounts receivable | 41 | €7,076 | €3,363 | -€3,714 | -52.5% |
| Cash at bank and in hand | 54/58 | €19,563 | €3,138 | -€16,425 | -84.0% |
| Deferred charges and accrued income | 490/1 | €1,157 | €1,264 | +€107 | +9.2% |
| Total equity and liabilities | 10/49 | €157,816 | €128,863 | -€28,953 | -18.3% |
| Equity | 10/15 | €35,144 | €26,747 | -€8,397 | -23.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,693 | €6,296 | -€8,397 | -57.1% |
| Amounts payable | 17/49 | €122,672 | €102,116 | -€20,556 | -16.8% |
| Amounts payable after more than one year | 17 | €40,794 | €31,722 | -€9,072 | -22.2% |
| Financial debts | 170/4 | €40,794 | €31,722 | -€9,072 | -22.2% |
| Amounts payable within one year | 42/48 | €81,878 | €70,393 | -€11,485 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | €12,036 | €13,072 | +€1,036 | +8.6% |
| Trade debts | 44 | €13,122 | €19,502 | +€6,381 | +48.6% |
| Suppliers | 440/4 | €13,122 | €19,502 | +€6,381 | +48.6% |
| Taxes, remuneration and social security | 45 | €54,241 | €37,813 | -€16,428 | -30.3% |
| Taxes | 450/3 | €33,963 | €23,266 | -€10,697 | -31.5% |
| Remuneration and social security | 454/9 | €20,278 | €14,547 | -€5,731 | -28.3% |
| Other amounts payable | 47/48 | €2,479 | €6 | -€2,473 | -99.7% |
| Remuneration, social security and pensions | 62 | €63,560 | €37,967 | -€25,593 | -40.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,769 | €6,918 | -€11,851 | -63.1% |
| Other operating charges | 640/8 | €5,721 | €3,881 | -€1,840 | -32.2% |
| Gross operating margin | 9900 | €108,187 | €54,749 | -€53,438 | -49.4% |
| Operating profit (loss) | 9901 | €20,136 | €5,982 | -€14,154 | -70.3% |
| Financial income | 75/76B | €2,507 | €14,498 | +€11,991 | +478.3% |
| Recurring financial income | 75 | €2,507 | €14,485 | +€11,978 | +477.8% |
| Non-recurring financial income | 76B | - | €13 | +€13 | |
| Financial charges | 65/66B | €3,773 | €6,789 | +€3,015 | +79.9% |
| Recurring financial charges | 65 | €3,773 | €5,033 | +€1,260 | +33.4% |
| Non-recurring financial charges | 66B | - | €1,755 | +€1,755 | |
| Profit (loss) for the period before taxes | 9903 | €18,869 | €13,692 | -€5,178 | -27.4% |
| Transfer from deferred taxes | 780 | €1,105 | - | -€1,105 | |
| Income taxes | 67/77 | €7,167 | €7,088 | -€79 | -1.1% |
| Profit (loss) for the period | 9904 | €12,807 | €6,603 | -€6,204 | -48.4% |
| Transfer from tax-exempt reserves | 789 | €3,186 | - | -€3,186 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,994 | €6,603 | -€9,391 | -58.7% |
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.