Stefano Consulting: 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.
Stefano Consulting
Largest movements
- Cash +€30,562
up €30,562 (+57.7%), from €53,012 to €83,574
mainly Other debts (+€55,213) and Net result for the year (+€20,998)
- Receivables within one year -€3,730
down €3,730 (-4.9%), from €75,672 to €71,942
of which Other amounts receivable: -€3,563
- Other debts +€55,213
new in 2025: €55,213
- Reserves -€34,215
down €34,215 (-29.3%), from €116,784 to €82,569
of which Distributable reserves: -€34,215
- Tax, wage and social debts +€4,164
up €4,164 (+28.8%), from €14,439 to €18,603
- Gross operating margin +€5,935
up €5,935 (+20.5%), from €28,977 to €34,912
- Taxes +€3,062
up €3,062 (+41.8%), from €7,322 to €10,384
- Staff costs -€1,760
no longer reported in 2025 (was €1,760)
- Other operating charges -€387
down €387 (-86.2%), from €449 to €62
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.
Derived cash bridge
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 | €139,334 | €164,433 | +€25,099 | +18.0% |
| Fixed assets | 21/28 | €8,127 | €7,116 | -€1,011 | -12.4% |
| Tangible fixed assets | 22/27 | €8,127 | €7,116 | -€1,011 | -12.4% |
| Land and buildings | 22 | €423 | €318 | -€105 | -24.8% |
| Plant, machinery and equipment | 23 | €447 | €278 | -€169 | -37.8% |
| Furniture and vehicles | 24 | €7,257 | €6,520 | -€737 | -10.2% |
| Current assets | 29/58 | €131,207 | €157,317 | +€26,110 | +19.9% |
| Amounts receivable within one year | 40/41 | €75,672 | €71,942 | -€3,730 | -4.9% |
| Trade receivables | 40 | €31,895 | €31,728 | -€167 | -0.5% |
| Other amounts receivable | 41 | €43,777 | €40,214 | -€3,563 | -8.1% |
| Cash at bank and in hand | 54/58 | €53,012 | €83,574 | +€30,562 | +57.7% |
| Deferred charges and accrued income | 490/1 | €2,523 | €1,801 | -€722 | -28.6% |
| Total equity and liabilities | 10/49 | €139,334 | €164,433 | +€25,099 | +18.0% |
| Equity | 10/15 | €122,984 | €88,769 | -€34,215 | -27.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €116,784 | €82,569 | -€34,215 | -29.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €114,924 | €80,709 | -€34,215 | -29.8% |
| Amounts payable | 17/49 | €16,350 | €75,664 | +€59,314 | +363% |
| Amounts payable within one year | 42/48 | €16,350 | €75,664 | +€59,314 | +363% |
| Trade debts | 44 | €1,911 | €1,848 | -€63 | -3.3% |
| Suppliers | 440/4 | €1,911 | €1,848 | -€63 | -3.3% |
| Taxes, remuneration and social security | 45 | €14,439 | €18,603 | +€4,164 | +28.8% |
| Taxes | 450/3 | €14,439 | €18,603 | +€4,164 | +28.8% |
| Other amounts payable | 47/48 | - | €55,213 | +€55,213 | |
| Non-recurring operating income | 76A | €6,620 | - | -€6,620 | |
| Remuneration, social security and pensions | 62 | €1,760 | - | -€1,760 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,075 | €3,348 | +€273 | +8.9% |
| Other operating charges | 640/8 | €449 | €62 | -€387 | -86.2% |
| Gross operating margin | 9900 | €28,977 | €34,912 | +€5,935 | +20.5% |
| Operating profit (loss) | 9901 | €23,693 | €31,502 | +€7,809 | +33.0% |
| Financial charges | 65/66B | €117 | €120 | +€3 | +2.6% |
| Recurring financial charges | 65 | €117 | €120 | +€3 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €23,576 | €31,382 | +€7,806 | +33.1% |
| Income taxes | 67/77 | €7,322 | €10,384 | +€3,062 | +41.8% |
| Profit (loss) for the period | 9904 | €16,254 | €20,998 | +€4,744 | +29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,254 | €20,998 | +€4,744 | +29.2% |
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 26 October 2026 via checked.be.