STEFI: 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.
STEFI
Largest movements
- Receivables within one year -€13,863
no longer reported in 2024 (was €13,863)
- Financial fixed assets +€12,500
new in 2024: €12,500
- Tangible fixed assets -€436
down €436 (-2.2%), from €19,452 to €19,016
- Cash -€352
down €352 (-42.8%), from €823 to €470
mainly Investment in fixed assets (net) (-€17,074) and Net result for the year (-€14,805)
- Profit (loss) carried forward -€14,805
down €14,805 (-69.7%), from -€21,237 to -€36,041
- Other debts +€7,164
up €7,164 (+14.3%), from €50,195 to €57,359
- Tax, wage and social debts +€6,000
new in 2024: €6,000
- Trade debts -€511
down €511 (-16.1%), from €3,180 to €2,669
- Gross operating margin -€2,742
down €2,742 (-47.5%), from -€5,777 to -€8,519
- Depreciation +€986
up €986 (+24.5%), from €4,024 to €5,010
- Financial income -€714
no longer reported in 2024 (was €714)
- Other operating charges -€434
no longer reported in 2024 (was €434)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,138 | €31,987 | -€2,152 | -6.3% |
| Fixed assets | 21/28 | €19,452 | €31,516 | +€12,064 | +62.0% |
| Tangible fixed assets | 22/27 | €19,452 | €19,016 | -€436 | -2.2% |
| Plant, machinery and equipment | 23 | €19,452 | €19,016 | -€436 | -2.2% |
| Financial fixed assets | 28 | - | €12,500 | +€12,500 | |
| Current assets | 29/58 | €14,686 | €470 | -€14,215 | -96.8% |
| Amounts receivable within one year | 40/41 | €13,863 | - | -€13,863 | |
| Other amounts receivable | 41 | €13,863 | - | -€13,863 | |
| Cash at bank and in hand | 54/58 | €823 | €470 | -€352 | -42.8% |
| Total equity and liabilities | 10/49 | €34,138 | €31,987 | -€2,152 | -6.3% |
| Equity | 10/15 | -€19,237 | -€34,041 | -€14,805 | -77.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,237 | -€36,041 | -€14,805 | -69.7% |
| Amounts payable | 17/49 | €53,375 | €66,028 | +€12,653 | +23.7% |
| Amounts payable within one year | 42/48 | €53,375 | €66,028 | +€12,653 | +23.7% |
| Trade debts | 44 | €3,180 | €2,669 | -€511 | -16.1% |
| Suppliers | 440/4 | €3,180 | €2,669 | -€511 | -16.1% |
| Taxes, remuneration and social security | 45 | - | €6,000 | +€6,000 | |
| Remuneration and social security | 454/9 | - | €6,000 | +€6,000 | |
| Other amounts payable | 47/48 | €50,195 | €57,359 | +€7,164 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,024 | €5,010 | +€986 | +24.5% |
| Other operating charges | 640/8 | €434 | - | -€434 | |
| Gross operating margin | 9900 | -€5,777 | -€8,519 | -€2,742 | -47.5% |
| Operating profit (loss) | 9901 | -€10,236 | -€13,529 | -€3,293 | -32.2% |
| Financial income | 75/76B | €714 | - | -€714 | |
| Recurring financial income | 75 | €714 | - | -€714 | |
| Financial charges | 65/66B | €1,316 | €1,276 | -€40 | -3.1% |
| Recurring financial charges | 65 | €1,316 | €1,276 | -€40 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | -€10,838 | -€14,805 | -€3,967 | -36.6% |
| Profit (loss) for the period | 9904 | -€10,838 | -€14,805 | -€3,967 | -36.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,838 | -€14,805 | -€3,967 | -36.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.