STEFIS: what changed
What changed
STEFIS
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€1,572
2024 · €53,207-€51,634
Equity
€2.1m
2024 · €2.1m-€1,760
Cash
€1,867
2024 · €16,693-€14,826
Balance sheet total
€3.4m
2024 · €3.4m-€13,814
Largest movements
Assets
- Receivables within one year +€42,672
up €42,672 (+14.8%), from €288,082 to €330,754
of which Trade receivables: +€42,000
- Tangible fixed assets -€41,659
down €41,659 (-38.0%), from €109,515 to €67,855
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial income -€59,380
down €59,380 (-99.0%), from €59,979 to €600
- Taxes -€5,834
down €5,834 (-78.4%), from €7,437 to €1,604
- Financial charges -€1,141
down €1,141 (-1.7%), from €67,985 to €66,844
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
€53,207
Gross operating margin
+€425
Other operating charges
+€347
Financial income
-€59,380
Financial charges
+€1,141
Taxes
+€5,834
Result 2025
€1,572
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
+€11,487
Investment
€0
Financing
-€26,313
Cash 2024
€16,693
From operations (derived)
+€11,487
Net result for the year
+€1,572
Depreciation
+€41,659
Receivables within one year
-€42,672
Trade debts
+€1,082
Tax, wage and social debts
-€153
Other debts
+€11,263
Accrued charges and deferred income
-€1,265
Financing
-€26,313
Debts after one year
-€24,037
Current portion of long-term debt
+€1,056
Contributions, distributions and other
-€3,332
Cash 2025
€1,867
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,390,290 | €3,376,476 | -€13,814 | -0.4% |
| Fixed assets | 21/28 | €3,085,515 | €3,043,855 | -€41,659 | -1.4% |
| Tangible fixed assets | 22/27 | €109,515 | €67,855 | -€41,659 | -38.0% |
| Furniture and vehicles | 24 | €109,515 | €67,855 | -€41,659 | -38.0% |
| Financial fixed assets | 28 | €2,976,000 | €2,976,000 | = | 0.0% |
| Current assets | 29/58 | €304,775 | €332,621 | +€27,846 | +9.1% |
| Amounts receivable within one year | 40/41 | €288,082 | €330,754 | +€42,672 | +14.8% |
| Trade receivables | 40 | €225,000 | €267,000 | +€42,000 | +18.7% |
| Other amounts receivable | 41 | €63,082 | €63,754 | +€672 | +1.1% |
| Cash at bank and in hand | 54/58 | €16,693 | €1,867 | -€14,826 | -88.8% |
| Total equity and liabilities | 10/49 | €3,390,290 | €3,376,476 | -€13,814 | -0.4% |
| Equity | 10/15 | €2,115,062 | €2,113,303 | -€1,760 | -0.1% |
| Contributions | 10/11 | €1,650,000 | €1,650,000 | = | 0.0% |
| Reserves | 13 | €445,479 | €445,479 | = | 0.0% |
| Distributable reserves | 133 | €445,479 | €445,479 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,583 | €17,824 | -€1,760 | -9.0% |
| Amounts payable | 17/49 | €1,275,227 | €1,263,173 | -€12,054 | -0.9% |
| Amounts payable after more than one year | 17 | €1,174,759 | €1,150,722 | -€24,037 | -2.0% |
| Financial debts | 170/4 | €1,174,759 | €1,150,722 | -€24,037 | -2.0% |
| Amounts payable within one year | 42/48 | €47,664 | €60,912 | +€13,248 | +27.8% |
| Current portion of amounts payable after more than one year | 42 | €22,981 | €24,037 | +€1,056 | +4.6% |
| Trade debts | 44 | €2,945 | €4,026 | +€1,082 | +36.7% |
| Suppliers | 440/4 | €2,945 | €4,026 | +€1,082 | +36.7% |
| Taxes, remuneration and social security | 45 | €10,556 | €10,403 | -€153 | -1.4% |
| Taxes | 450/3 | €10,556 | €10,403 | -€153 | -1.4% |
| Other amounts payable | 47/48 | €11,181 | €22,445 | +€11,263 | +101% |
| Accrued charges and deferred income | 492/3 | €52,804 | €51,540 | -€1,265 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,659 | €41,659 | = | 0.0% |
| Other operating charges | 640/8 | €2,674 | €2,327 | -€347 | -13.0% |
| Gross operating margin | 9900 | €112,982 | €113,407 | +€425 | +0.4% |
| Operating profit (loss) | 9901 | €68,649 | €69,420 | +€771 | +1.1% |
| Financial income | 75/76B | €59,979 | €600 | -€59,380 | -99.0% |
| Recurring financial income | 75 | €59,979 | €600 | -€59,380 | -99.0% |
| Financial charges | 65/66B | €67,985 | €66,844 | -€1,141 | -1.7% |
| Recurring financial charges | 65 | €67,985 | €66,844 | -€1,141 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €60,644 | €3,176 | -€57,468 | -94.8% |
| Income taxes | 67/77 | €7,437 | €1,604 | -€5,834 | -78.4% |
| Profit (loss) for the period | 9904 | €53,207 | €1,572 | -€51,634 | -97.0% |
| Profit (loss) for the period to be appropriated | 9905 | €53,207 | €1,572 | -€51,634 | -97.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.