Stefann: 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.
Stefann
Largest movements
- Tangible fixed assets -€8,214
down €8,214 (-23.6%), from €34,859 to €26,645
of which Furniture and vehicles: -€8,876
- Current investments -€5,000
down €5,000 (-20.0%), from €25,000 to €20,000
- Deferred charges and accrued income +€4,575
up €4,575 (+619.2%), from €739 to €5,314
- Cash +€4,270
up €4,270 (+29.3%), from €14,566 to €18,836
mainly Net result for the year (+€16,022) and Depreciation (+€11,012)
- Reserves -€13,390
down €13,390 (-21.0%), from €63,611 to €50,221
- Trade debts +€6,084
up €6,084 (+363.3%), from €1,675 to €7,759
- Debts after one year +€3,000
up €3,000 (+42.9%), from €7,000 to €10,000
- Gross operating margin -€15,967
down €15,967 (-32.6%), from €49,038 to €33,072
- Taxes -€4,449
down €4,449 (-48.5%), from €9,169 to €4,720
- Depreciation -€2,401
down €2,401 (-17.9%), from €13,413 to €11,012
- Financial charges +€720
up €720 (+16006.7%), from €5 to €725
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 | €84,767 | €79,870 | -€4,897 | -5.8% |
| Fixed assets | 21/28 | €34,859 | €26,645 | -€8,214 | -23.6% |
| Tangible fixed assets | 22/27 | €34,859 | €26,645 | -€8,214 | -23.6% |
| Plant, machinery and equipment | 23 | €141 | €802 | +€661 | +468.7% |
| Furniture and vehicles | 24 | €34,718 | €25,843 | -€8,876 | -25.6% |
| Current assets | 29/58 | €49,908 | €53,225 | +€3,317 | +6.6% |
| Amounts receivable within one year | 40/41 | €9,603 | €9,075 | -€528 | -5.5% |
| Trade receivables | 40 | €9,603 | €4,729 | -€4,874 | -50.8% |
| Other amounts receivable | 41 | - | €4,346 | +€4,346 | |
| Current investments | 50/53 | €25,000 | €20,000 | -€5,000 | -20.0% |
| Cash at bank and in hand | 54/58 | €14,566 | €18,836 | +€4,270 | +29.3% |
| Deferred charges and accrued income | 490/1 | €739 | €5,314 | +€4,575 | +619.2% |
| Total equity and liabilities | 10/49 | €84,767 | €79,870 | -€4,897 | -5.8% |
| Equity | 10/15 | €71,111 | €57,721 | -€13,390 | -18.8% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €63,611 | €50,221 | -€13,390 | -21.0% |
| Distributable reserves | 133 | €63,611 | €50,221 | -€13,390 | -21.0% |
| Amounts payable | 17/49 | €13,656 | €22,149 | +€8,493 | +62.2% |
| Amounts payable after more than one year | 17 | €7,000 | €10,000 | +€3,000 | +42.9% |
| Financial debts | 170/4 | €7,000 | €10,000 | +€3,000 | +42.9% |
| Amounts payable within one year | 42/48 | €6,656 | €12,149 | +€5,493 | +82.5% |
| Trade debts | 44 | €1,675 | €7,759 | +€6,084 | +363.3% |
| Suppliers | 440/4 | €1,675 | €7,759 | +€6,084 | +363.3% |
| Taxes, remuneration and social security | 45 | €4,178 | €3,436 | -€743 | -17.8% |
| Taxes | 450/3 | €4,178 | €3,436 | -€743 | -17.8% |
| Other amounts payable | 47/48 | €803 | €954 | +€151 | +18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,413 | €11,012 | -€2,401 | -17.9% |
| Other operating charges | 640/8 | €785 | €1,102 | +€317 | +40.4% |
| Gross operating margin | 9900 | €49,038 | €33,072 | -€15,967 | -32.6% |
| Operating profit (loss) | 9901 | €34,841 | €20,958 | -€13,882 | -39.8% |
| Financial income | 75/76B | €32 | €509 | +€477 | +1481.3% |
| Recurring financial income | 75 | €32 | €509 | +€477 | +1481.3% |
| Financial charges | 65/66B | €5 | €725 | +€720 | +16006.7% |
| Recurring financial charges | 65 | €5 | €725 | +€720 | +16006.7% |
| Profit (loss) for the period before taxes | 9903 | €34,868 | €20,742 | -€14,126 | -40.5% |
| Income taxes | 67/77 | €9,169 | €4,720 | -€4,449 | -48.5% |
| Profit (loss) for the period | 9904 | €25,699 | €16,022 | -€9,677 | -37.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,699 | €16,022 | -€9,677 | -37.7% |
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 29 September 2026 via checked.be.