STEFIMMO: what changed
What changed
STEFIMMO
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
-€7,632
2024 · -€9,744+€2,112
Equity
-€87,745
2024 · -€80,113-€7,632
Cash
€4,194
2024 · €4,066+€128
Balance sheet total
€467,834
2024 · €498,844-€31,010
Largest movements
Assets
- Tangible fixed assets -€27,979
down €27,979 (-8.3%), from €335,744 to €307,765
Equity and liabilities
- Debts after one year -€46,973
down €46,973 (-15.3%), from €306,269 to €259,296
- Other debts +€16,000
up €16,000 (+9.6%), from €167,100 to €183,100
- Short-term financial debts +€8,325
up €8,325 (+130%), from €6,403 to €14,728
- Profit (loss) carried forward -€7,632
down €7,632 (-6.6%), from -€115,627 to -€123,259
Income statement
- Gross operating margin +€2,334
up €2,334 (+8.2%), from €28,434 to €30,769
- Other operating charges +€603
up €603 (+34.4%), from €1,753 to €2,356
- Financial charges -€560
down €560 (-6.5%), from €8,648 to €8,088
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€9,744
Gross operating margin
+€2,334
Depreciation
-€0
Other operating charges
-€603
Financial income
-€178
Financial charges
+€560
Result 2025
-€7,632
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€38,082
Investment
€0
Financing
-€37,954
Cash 2024
€4,066
From operations (derived)
+€38,082
Net result for the year
-€7,632
Depreciation
+€27,979
Receivables within one year
+€3,159
Trade debts
-€1,424
Other debts
+€16,000
Financing
-€37,954
Debts after one year
-€46,973
Current portion of long-term debt
+€694
Short-term financial debts
+€8,325
Cash 2025
€4,194
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €498,844 | €467,834 | -€31,010 | -6.2% |
| Fixed assets | 21/28 | €335,744 | €307,765 | -€27,979 | -8.3% |
| Tangible fixed assets | 22/27 | €335,744 | €307,765 | -€27,979 | -8.3% |
| Land and buildings | 22 | €335,744 | €307,765 | -€27,979 | -8.3% |
| Current assets | 29/58 | €163,100 | €160,069 | -€3,031 | -1.9% |
| Amounts receivable within one year | 40/41 | €159,034 | €155,876 | -€3,159 | -2.0% |
| Other amounts receivable | 41 | €159,034 | €155,876 | -€3,159 | -2.0% |
| Cash at bank and in hand | 54/58 | €4,066 | €4,194 | +€128 | +3.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €498,844 | €467,834 | -€31,010 | -6.2% |
| Equity | 10/15 | -€80,113 | -€87,745 | -€7,632 | -9.5% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €514 | €514 | = | 0.0% |
| Non-distributable reserves | 130/1 | €514 | €514 | = | 0.0% |
| Reserves not available under the articles | 1311 | €514 | - | -€514 | |
| Other | 1319 | - | €514 | +€514 | |
| Profit (loss) carried forward | 14 | -€115,627 | -€123,259 | -€7,632 | -6.6% |
| Amounts payable | 17/49 | €578,957 | €555,579 | -€23,378 | -4.0% |
| Amounts payable after more than one year | 17 | €306,269 | €259,296 | -€46,973 | -15.3% |
| Financial debts | 170/4 | €306,269 | €259,296 | -€46,973 | -15.3% |
| Amounts payable within one year | 42/48 | €272,687 | €296,283 | +€23,596 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €96,279 | €96,973 | +€694 | +0.7% |
| Financial debts | 43 | €6,403 | €14,728 | +€8,325 | +130% |
| Credit institutions | 430/8 | €6,403 | €14,728 | +€8,325 | +130% |
| Trade debts | 44 | €2,905 | €1,481 | -€1,424 | -49.0% |
| Suppliers | 440/4 | €2,905 | €1,481 | -€1,424 | -49.0% |
| Other amounts payable | 47/48 | €167,100 | €183,100 | +€16,000 | +9.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,979 | €27,979 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,753 | €2,356 | +€603 | +34.4% |
| Gross operating margin | 9900 | €28,434 | €30,769 | +€2,334 | +8.2% |
| Operating profit (loss) | 9901 | -€1,297 | €434 | +€1,731 | |
| Financial income | 75/76B | €200 | €22 | -€178 | -88.9% |
| Recurring financial income | 75 | €200 | €22 | -€178 | -88.9% |
| Financial charges | 65/66B | €8,648 | €8,088 | -€560 | -6.5% |
| Recurring financial charges | 65 | €8,648 | €8,088 | -€560 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,744 | -€7,632 | +€2,112 | +21.7% |
| Profit (loss) for the period | 9904 | -€9,744 | -€7,632 | +€2,112 | +21.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,744 | -€7,632 | +€2,112 | +21.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.