Stefferson: 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.
Stefferson
Largest movements
- Stocks and contracts +€13,665
up €13,665 (+41.0%), from €33,344 to €47,009
- Receivables within one year +€5,803
up €5,803 (+616.4%), from €942 to €6,745
of which Trade receivables: +€6,010
- Cash +€2,146
up €2,146 (+59.2%), from €3,624 to €5,770
mainly Trade debts (+€13,169) and Debts after one year (+€10,607)
- Tangible fixed assets -€1,778
down €1,778 (-23.0%), from €7,744 to €5,967
of which Furniture and vehicles: -€1,320
- Profit (loss) carried forward -€19,222
down €19,222 (-44.0%), from -€43,690 to -€62,911
- Trade debts +€13,169
up €13,169 (+358.2%), from €3,676 to €16,845
- Debts after one year +€10,607
up €10,607 (+19.1%), from €55,518 to €66,124
- Other debts +€7,594
up €7,594 (+53.8%), from €14,128 to €21,722
- Tax, wage and social debts +€6,789
up €6,789 (+259.6%), from €2,615 to €9,403
- Gross operating margin +€26,885
up €26,885 (+75.3%), from -€35,692 to -€8,807
- Financial charges +€1,148
up €1,148 (+42.4%), from €2,710 to €3,858
- Other operating charges +€710
up €710 (+19.9%), from €3,575 to €4,286
- Depreciation +€545
up €545 (+30.1%), from €1,813 to €2,358
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 | €48,012 | €67,498 | +€19,486 | +40.6% |
| Fixed assets | 21/28 | €10,079 | €7,721 | -€2,358 | -23.4% |
| Intangible fixed assets | 21 | €2,334 | €1,754 | -€580 | -24.8% |
| Tangible fixed assets | 22/27 | €7,744 | €5,967 | -€1,778 | -23.0% |
| Furniture and vehicles | 24 | €5,731 | €4,411 | -€1,320 | -23.0% |
| Other tangible fixed assets | 26 | €2,013 | €1,556 | -€458 | -22.7% |
| Current assets | 29/58 | €37,933 | €59,777 | +€21,844 | +57.6% |
| Stocks and contracts in progress | 3 | €33,344 | €47,009 | +€13,665 | +41.0% |
| Stocks | 30/36 | €33,344 | €47,009 | +€13,665 | +41.0% |
| Amounts receivable within one year | 40/41 | €942 | €6,745 | +€5,803 | +616.4% |
| Trade receivables | 40 | €2 | €6,011 | +€6,010 | +364216.4% |
| Other amounts receivable | 41 | €940 | €733 | -€206 | -22.0% |
| Cash at bank and in hand | 54/58 | €3,624 | €5,770 | +€2,146 | +59.2% |
| Deferred charges and accrued income | 490/1 | €24 | €253 | +€229 | +965.4% |
| Total equity and liabilities | 10/49 | €48,012 | €67,498 | +€19,486 | +40.6% |
| Equity | 10/15 | -€38,690 | -€57,911 | -€19,222 | -49.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,690 | -€62,911 | -€19,222 | -44.0% |
| Amounts payable | 17/49 | €86,702 | €125,409 | +€38,708 | +44.6% |
| Amounts payable after more than one year | 17 | €55,518 | €66,124 | +€10,607 | +19.1% |
| Financial debts | 170/4 | €55,518 | €66,124 | +€10,607 | +19.1% |
| Amounts payable within one year | 42/48 | €31,184 | €59,285 | +€28,101 | +90.1% |
| Current portion of amounts payable after more than one year | 42 | €10,334 | €10,893 | +€559 | +5.4% |
| Financial debts | 43 | €431 | €421 | -€9 | -2.2% |
| Credit institutions | 430/8 | €431 | €421 | -€9 | -2.2% |
| Trade debts | 44 | €3,676 | €16,845 | +€13,169 | +358.2% |
| Suppliers | 440/4 | €3,676 | €16,845 | +€13,169 | +358.2% |
| Taxes, remuneration and social security | 45 | €2,615 | €9,403 | +€6,789 | +259.6% |
| Taxes | 450/3 | €2,615 | €9,403 | +€6,789 | +259.6% |
| Other amounts payable | 47/48 | €14,128 | €21,722 | +€7,594 | +53.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,813 | €2,358 | +€545 | +30.1% |
| Other operating charges | 640/8 | €3,575 | €4,286 | +€710 | +19.9% |
| Gross operating margin | 9900 | -€35,692 | -€8,807 | +€26,885 | +75.3% |
| Operating profit (loss) | 9901 | -€41,080 | -€15,450 | +€25,630 | +62.4% |
| Financial income | 75/76B | €100 | €87 | -€13 | -13.3% |
| Recurring financial income | 75 | €100 | €87 | -€13 | -13.3% |
| Financial charges | 65/66B | €2,710 | €3,858 | +€1,148 | +42.4% |
| Recurring financial charges | 65 | €2,710 | €3,858 | +€1,148 | +42.4% |
| Profit (loss) for the period before taxes | 9903 | -€43,690 | -€19,222 | +€24,468 | +56.0% |
| Profit (loss) for the period | 9904 | -€43,690 | -€19,222 | +€24,468 | +56.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,690 | -€19,222 | +€24,468 | +56.0% |
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 6 October 2026 via checked.be.