STEFANINI: 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.
What changed
STEFANINI
NACE 61.100, Wired, wireless and satellite telecommunications
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€2.3m
2023 · -€14,741+€2.3m
Equity
€2.4m
2023 · €52,909+€2.3m
Cash
€1.5m
2023 · €2.5m-€956,059
Balance sheet total
€14.0m
2023 · €17.0m-€3.0m
Largest movements
Assets
- Receivables within one year -€2.1m
down €2.1m (-16.7%), from €12.5m to €10.4m
of which Trade receivables: -€1.8m
- Cash -€956,059
down €956,059 (-38.2%), from €2.5m to €1.5m
mainly Trade debts (-€3.2m) and Other debts (-€2.1m)
- Deferred charges and accrued income +€267,449
up €267,449 (+19.0%), from €1.4m to €1.7m
Equity and liabilities
- Trade debts -€3.2m
down €3.2m (-26.3%), from €12.0m to €8.9m
- Profit (loss) carried forward +€2.3m
up €2.3m, from -€14,741 to €2.3m
- Other debts -€2.1m
down €2.1m (-92.5%), from €2.3m to €172,827
- Tax, wage and social debts +€260,980
up €260,980 (+11.5%), from €2.3m to €2.5m
of which Taxes: +€528,125
- Accrued charges and deferred income -€259,236
down €259,236 (-68.0%), from €381,232 to €121,996
Income statement
- Goods and materials -€9.4m
down €9.4m (-89.6%), from €10.5m to €1.1m
- Turnover -€7.1m
down €7.1m (-15.2%), from €46.8m to €39.6m
- Services and other goods -€720,840
down €720,840 (-2.8%), from €25.5m to €24.8m
- Taxes +€682,831
up €682,831 (+233.0%), from €293,080 to €975,911
- Financial charges -€597,276
down €597,276 (-65.6%), from €909,793 to €312,517
From the 2023 result to the 2024 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.
Result 2023
-€14,741
Turnover
-€7.1m
Other operating income
-€268,521
Goods and materials
+€9.4m
Services and other goods
+€720,840
Staff costs
-€511,147
Depreciation
-€55,157
Write-downs
+€180,511
Other operating charges
+€376,740
Financial income
-€311,148
Financial charges
+€597,276
Taxes
-€682,831
Result 2024
€2.3m
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€935,446
Investment
-€20,613
Financing
€0
Cash 2023
€2.5m
From operations (derived)
-€935,446
Net result for the year
+€2.3m
Depreciation
+€231,760
Receivables within one year
+€2.1m
Deferred charges and accrued income
-€267,449
Trade debts
-€3.2m
Tax, wage and social debts
+€260,980
Other debts
-€2.1m
Accrued charges and deferred income
-€259,236
Investment (derived)
-€20,613
Investment in fixed assets (net)
-€20,613
Cash 2024
€1.5m
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,013,929 | €14,033,541 | -€3.0m | -17.5% |
| Fixed assets | 21/28 | €629,910 | €418,762 | -€211,148 | -33.5% |
| Intangible fixed assets | 21 | €330,921 | €190,918 | -€140,003 | -42.3% |
| Tangible fixed assets | 22/27 | €255,204 | €184,060 | -€71,145 | -27.9% |
| Plant, machinery and equipment | 23 | €195,481 | €132,615 | -€62,866 | -32.2% |
| Furniture and vehicles | 24 | €59,723 | €51,445 | -€8,278 | -13.9% |
| Financial fixed assets | 28 | €43,784 | €43,784 | = | 0.0% |
| Other financial fixed assets | 284/8 | €43,784 | €43,784 | = | 0.0% |
| Shares | 284 | €293 | €293 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €43,491 | €43,491 | = | 0.0% |
| Current assets | 29/58 | €16,384,020 | €13,614,780 | -€2.8m | -16.9% |
| Amounts receivable within one year | 40/41 | €12,470,672 | €10,390,041 | -€2.1m | -16.7% |
| Trade receivables | 40 | €12,185,483 | €10,387,312 | -€1.8m | -14.8% |
| Other amounts receivable | 41 | €285,189 | €2,729 | -€282,460 | -99.0% |
| Cash at bank and in hand | 54/58 | €2,502,652 | €1,546,593 | -€956,059 | -38.2% |
| Deferred charges and accrued income | 490/1 | €1,410,696 | €1,678,145 | +€267,449 | +19.0% |
| Total equity and liabilities | 10/49 | €17,013,929 | €14,033,541 | -€3.0m | -17.5% |
| Equity | 10/15 | €52,909 | €2,358,858 | +€2.3m | +4358.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,741 | €2,291,208 | +€2.3m | |
| Amounts payable | 17/49 | €16,961,020 | €11,674,684 | -€5.3m | -31.2% |
| Amounts payable within one year | 42/48 | €16,579,788 | €11,552,687 | -€5.0m | -30.3% |
| Trade debts | 44 | €12,015,402 | €8,855,282 | -€3.2m | -26.3% |
| Suppliers | 440/4 | €12,015,402 | €8,855,282 | -€3.2m | -26.3% |
| Taxes, remuneration and social security | 45 | €2,263,598 | €2,524,578 | +€260,980 | +11.5% |
| Taxes | 450/3 | €478,669 | €1,006,793 | +€528,125 | +110.3% |
| Remuneration and social security | 454/9 | €1,784,929 | €1,517,784 | -€267,145 | -15.0% |
| Other amounts payable | 47/48 | €2,300,788 | €172,827 | -€2.1m | -92.5% |
| Accrued charges and deferred income | 492/3 | €381,232 | €121,996 | -€259,236 | -68.0% |
| Operating income | 70/76A | €49,546,961 | €42,161,214 | -€7.4m | -14.9% |
| Turnover | 70 | €46,752,729 | €39,635,504 | -€7.1m | -15.2% |
| Other operating income | 74 | €2,794,232 | €2,525,711 | -€268,521 | -9.6% |
| Operating charges | 60/66A | €48,903,032 | €38,799,893 | -€10.1m | -20.7% |
| Goods for resale, raw materials and consumables | 60 | €10,476,735 | €1,085,384 | -€9.4m | -89.6% |
| Purchases | 600/8 | €10,476,735 | €1,085,384 | -€9.4m | -89.6% |
| Services and other goods | 61 | €25,495,565 | €24,774,724 | -€720,840 | -2.8% |
| Remuneration, social security and pensions | 62 | €9,952,165 | €10,463,311 | +€511,147 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €176,603 | €231,760 | +€55,157 | +31.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €100,041 | -€80,470 | -€180,511 | |
| Other operating charges | 640/8 | €2,701,923 | €2,325,183 | -€376,740 | -13.9% |
| Operating profit (loss) | 9901 | €643,929 | €3,361,321 | +€2.7m | +422.0% |
| Financial income | 75/76B | €544,204 | €233,056 | -€311,148 | -57.2% |
| Recurring financial income | 75 | €544,204 | €233,056 | -€311,148 | -57.2% |
| Income from current assets | 751 | €19,586 | €38,520 | +€18,934 | +96.7% |
| Other financial income | 752/9 | €524,618 | €194,536 | -€330,082 | -62.9% |
| Financial charges | 65/66B | €909,793 | €312,517 | -€597,276 | -65.6% |
| Recurring financial charges | 65 | €909,793 | €312,517 | -€597,276 | -65.6% |
| Debt charges | 650 | €13,967 | €15,636 | +€1,669 | +12.0% |
| Other financial charges | 652/9 | €895,826 | €296,881 | -€598,945 | -66.9% |
| Profit (loss) for the period before taxes | 9903 | €278,340 | €3,281,859 | +€3.0m | +1079.1% |
| Income taxes | 67/77 | €293,080 | €975,911 | +€682,831 | +233.0% |
| Taxes | 670/3 | €293,080 | €975,911 | +€682,831 | +233.0% |
| Profit (loss) for the period | 9904 | -€14,741 | €2,305,948 | +€2.3m | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,741 | €2,305,948 | +€2.3m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.