STEFF: 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.
STEFF
Largest movements
- Receivables within one year +€3,176
up €3,176 (+2.3%), from €139,722 to €142,898
- Profit (loss) carried forward +€6,707
up €6,707 (+47.5%), from -€14,131 to -€7,424
- Gross operating margin -€1,134
down €1,134 (-8.6%), from €13,133 to €11,999
- Other operating charges -€753
down €753 (-20.2%), from €3,735 to €2,983
- Taxes -€216
down €216 (-8.8%), from €2,452 to €2,237
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 | €165,635 | €170,454 | +€4,819 | +2.9% |
| Fixed assets | 21/28 | €24,789 | €24,789 | = | 0.0% |
| Tangible fixed assets | 22/27 | €24,789 | €24,789 | = | 0.0% |
| Land and buildings | 22 | €24,789 | €24,789 | = | 0.0% |
| Current assets | 29/58 | €140,846 | €145,665 | +€4,819 | +3.4% |
| Amounts receivable within one year | 40/41 | €139,722 | €142,898 | +€3,176 | +2.3% |
| Other amounts receivable | 41 | €139,722 | €142,898 | +€3,176 | +2.3% |
| Cash at bank and in hand | 54/58 | €921 | €2,559 | +€1,638 | +178% |
| Deferred charges and accrued income | 490/1 | €203 | €208 | +€5 | +2.6% |
| Total equity and liabilities | 10/49 | €165,635 | €170,454 | +€4,819 | +2.9% |
| Equity | 10/15 | €151,058 | €157,765 | +€6,707 | +4.4% |
| Contributions | 10/11 | €133,119 | €133,119 | = | 0.0% |
| Capital | 10 | €133,119 | €133,119 | = | 0.0% |
| Issued capital | 100 | €133,119 | €133,119 | = | 0.0% |
| Reserves | 13 | €32,070 | €32,070 | = | 0.0% |
| Non-distributable reserves | 130/1 | €32,070 | €32,070 | = | 0.0% |
| Legal reserve | 130 | €32,070 | €32,070 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,131 | -€7,424 | +€6,707 | +47.5% |
| Provisions and deferred taxes | 16 | €10,000 | €10,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €10,000 | €10,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable | 17/49 | €4,578 | €2,689 | -€1,888 | -41.3% |
| Amounts payable within one year | 42/48 | €4,578 | €2,689 | -€1,888 | -41.3% |
| Trade debts | 44 | €1,688 | €1,500 | -€188 | -11.1% |
| Suppliers | 440/4 | €1,688 | €1,500 | -€188 | -11.1% |
| Taxes, remuneration and social security | 45 | €2,890 | €1,189 | -€1,700 | -58.8% |
| Taxes | 450/3 | €2,890 | €1,189 | -€1,700 | -58.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €3,735 | €2,983 | -€753 | -20.2% |
| Gross operating margin | 9900 | €13,133 | €11,999 | -€1,134 | -8.6% |
| Operating profit (loss) | 9901 | €9,397 | €9,016 | -€381 | -4.1% |
| Financial charges | 65/66B | €67 | €72 | +€5 | +7.4% |
| Recurring financial charges | 65 | €67 | €72 | +€5 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €9,330 | €8,944 | -€386 | -4.1% |
| Income taxes | 67/77 | €2,452 | €2,237 | -€216 | -8.8% |
| Profit (loss) for the period | 9904 | €6,878 | €6,707 | -€171 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,878 | €6,707 | -€171 | -2.5% |
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 14 October 2026 via checked.be.