STEFENATTO AEC: 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.
STEFENATTO AEC
Largest movements
- Cash +€27,613
up €27,613 (+73.8%), from €37,440 to €65,054
mainly Other debts (+€55,473) and Net result for the year (+€32,455)
- Receivables within one year -€1,381
down €1,381 (-4.5%), from €30,992 to €29,611
of which Other amounts receivable: -€3,383
- Other debts +€55,473
up €55,473, from €0 to €55,473
- Profit (loss) carried forward -€32,212
down €32,212 (-49.8%), from €64,667 to €32,455
- Tax, wage and social debts +€2,446
up €2,446 (+37.6%), from €6,509 to €8,955
- Gross operating margin +€5,596
up €5,596 (+14.0%), from €40,018 to €45,614
- Taxes +€909
up €909 (+10.2%), from €8,909 to €9,819
- Depreciation +€895
up €895 (+98.3%), from €911 to €1,806
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 | €76,473 | €102,119 | +€25,645 | +33.5% |
| Fixed assets | 21/28 | €8,041 | €7,379 | -€662 | -8.2% |
| Tangible fixed assets | 22/27 | €7,941 | €7,279 | -€662 | -8.3% |
| Furniture and vehicles | 24 | €7,941 | €7,279 | -€662 | -8.3% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €68,432 | €94,740 | +€26,308 | +38.4% |
| Amounts receivable within one year | 40/41 | €30,992 | €29,611 | -€1,381 | -4.5% |
| Trade receivables | 40 | €27,609 | €29,611 | +€2,002 | +7.3% |
| Other amounts receivable | 41 | €3,383 | €0 | -€3,383 | -100.0% |
| Cash at bank and in hand | 54/58 | €37,440 | €65,054 | +€27,613 | +73.8% |
| Deferred charges and accrued income | 490/1 | - | €75 | +€75 | |
| Total equity and liabilities | 10/49 | €76,473 | €102,119 | +€25,645 | +33.5% |
| Equity | 10/15 | €69,667 | €37,455 | -€32,212 | -46.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,667 | €32,455 | -€32,212 | -49.8% |
| Amounts payable | 17/49 | €6,806 | €64,664 | +€57,858 | +850.1% |
| Amounts payable within one year | 42/48 | €6,806 | €64,664 | +€57,858 | +850.1% |
| Trade debts | 44 | €297 | €235 | -€62 | -20.7% |
| Suppliers | 440/4 | €297 | €235 | -€62 | -20.7% |
| Taxes, remuneration and social security | 45 | €6,509 | €8,955 | +€2,446 | +37.6% |
| Taxes | 450/3 | €6,509 | €8,955 | +€2,446 | +37.6% |
| Other amounts payable | 47/48 | €0 | €55,473 | +€55,473 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €911 | €1,806 | +€895 | +98.3% |
| Other operating charges | 640/8 | €896 | €787 | -€109 | -12.2% |
| Gross operating margin | 9900 | €40,018 | €45,614 | +€5,596 | +14.0% |
| Operating profit (loss) | 9901 | €38,211 | €43,021 | +€4,810 | +12.6% |
| Financial income | 75/76B | €1 | €1 | +€0 | +47.8% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +47.8% |
| Financial charges | 65/66B | €691 | €748 | +€57 | +8.3% |
| Recurring financial charges | 65 | €691 | €748 | +€57 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €37,521 | €42,274 | +€4,752 | +12.7% |
| Income taxes | 67/77 | €8,909 | €9,819 | +€909 | +10.2% |
| Profit (loss) for the period | 9904 | €28,612 | €32,455 | +€3,843 | +13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,612 | €32,455 | +€3,843 | +13.4% |
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 9 October 2026 via checked.be.