Stefinity: 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.
Stefinity
Largest movements
- Cash +€59,559
up €59,559 (+70.9%), from €83,973 to €143,533
mainly Net result for the year (+€62,029) and Depreciation (+€21,619)
- Tangible fixed assets -€9,926
down €9,926 (-8.2%), from €121,771 to €111,846
of which Plant, machinery and equipment: -€20,179
- Receivables within one year +€2,990
up €2,990 (+56.1%), from €5,332 to €8,322
of which Other amounts receivable: +€2,925
- Reserves +€75,404
up €75,404 (+89.6%), from €84,125 to €159,528
- Other debts -€17,023
down €17,023 (-76.5%), from €22,265 to €5,242
- Debts after one year -€6,501
down €6,501 (-9.8%), from €66,572 to €60,071
- Trade debts +€4,261
up €4,261 (+26.2%), from €16,268 to €20,529
- Current portion of long-term debt -€3,502
down €3,502 (-15.0%), from €23,334 to €19,832
- Staff costs -€28,333
no longer reported in 2025 (was €28,333)
- Taxes +€12,906
up €12,906 (+139.4%), from €9,258 to €22,164
- Gross operating margin +€12,403
up €12,403 (+11.6%), from €106,833 to €119,236
- Other operating charges +€6,138
up €6,138 (+259.9%), from €2,362 to €8,500
- Depreciation -€3,300
down €3,300 (-13.2%), from €24,919 to €21,619
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 | €218,155 | €270,594 | +€52,440 | +24.0% |
| Fixed assets | 21/28 | €122,851 | €112,776 | -€10,076 | -8.2% |
| Intangible fixed assets | 21 | €1,080 | €930 | -€150 | -13.9% |
| Tangible fixed assets | 22/27 | €121,771 | €111,846 | -€9,926 | -8.2% |
| Plant, machinery and equipment | 23 | €54,876 | €34,696 | -€20,179 | -36.8% |
| Furniture and vehicles | 24 | €66,896 | €77,149 | +€10,254 | +15.3% |
| Current assets | 29/58 | €95,304 | €157,819 | +€62,515 | +65.6% |
| Stocks and contracts in progress | 3 | €5,998 | €5,964 | -€34 | -0.6% |
| Stocks | 30/36 | €5,998 | €5,964 | -€34 | -0.6% |
| Amounts receivable within one year | 40/41 | €5,332 | €8,322 | +€2,990 | +56.1% |
| Trade receivables | 40 | €152 | €216 | +€64 | +42.5% |
| Other amounts receivable | 41 | €5,181 | €8,106 | +€2,925 | +56.5% |
| Cash at bank and in hand | 54/58 | €83,973 | €143,533 | +€59,559 | +70.9% |
| Total equity and liabilities | 10/49 | €218,155 | €270,594 | +€52,440 | +24.0% |
| Equity | 10/15 | €89,125 | €164,528 | +€75,404 | +84.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €84,125 | €159,528 | +€75,404 | +89.6% |
| Distributable reserves | 133 | €84,125 | €159,528 | +€75,404 | +89.6% |
| Amounts payable | 17/49 | €129,030 | €106,066 | -€22,964 | -17.8% |
| Amounts payable after more than one year | 17 | €66,572 | €60,071 | -€6,501 | -9.8% |
| Financial debts | 170/4 | €66,572 | €60,071 | -€6,501 | -9.8% |
| Amounts payable within one year | 42/48 | €62,458 | €45,995 | -€16,463 | -26.4% |
| Current portion of amounts payable after more than one year | 42 | €23,334 | €19,832 | -€3,502 | -15.0% |
| Trade debts | 44 | €16,268 | €20,529 | +€4,261 | +26.2% |
| Suppliers | 440/4 | €16,268 | €20,529 | +€4,261 | +26.2% |
| Taxes, remuneration and social security | 45 | €591 | €392 | -€199 | -33.7% |
| Taxes | 450/3 | €591 | €392 | -€199 | -33.7% |
| Other amounts payable | 47/48 | €22,265 | €5,242 | -€17,023 | -76.5% |
| Non-recurring operating income | 76A | €8,073 | €24,389 | +€16,316 | +202.1% |
| Remuneration, social security and pensions | 62 | €28,333 | - | -€28,333 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,919 | €21,619 | -€3,300 | -13.2% |
| Other operating charges | 640/8 | €2,362 | €8,500 | +€6,138 | +259.9% |
| Gross operating margin | 9900 | €106,833 | €119,236 | +€12,403 | +11.6% |
| Operating profit (loss) | 9901 | €51,219 | €89,117 | +€37,898 | +74.0% |
| Financial income | 75/76B | €0 | €23 | +€23 | +28850.0% |
| Recurring financial income | 75 | €0 | €23 | +€23 | +28850.0% |
| Financial charges | 65/66B | €5,840 | €4,948 | -€892 | -15.3% |
| Recurring financial charges | 65 | €5,840 | €4,948 | -€892 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €45,380 | €84,193 | +€38,813 | +85.5% |
| Income taxes | 67/77 | €9,258 | €22,164 | +€12,906 | +139.4% |
| Profit (loss) for the period | 9904 | €36,122 | €62,029 | +€25,907 | +71.7% |
| Profit (loss) for the period to be appropriated | 9905 | €36,122 | €62,029 | +€25,907 | +71.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.