STEFIX: what changed
Two financial 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.
STEFIX
Largest movements
- Receivables within one year -€14,322
down €14,322 (-55.2%), from €25,966 to €11,644
of which Other amounts receivable: -€13,696
- Tangible fixed assets -€5,631
down €5,631 (-68.7%), from €8,199 to €2,569
of which Furniture and vehicles: -€4,827
- Other debts -€13,277
down €13,277 (-15.3%), from €87,043 to €73,766
- Profit (loss) carried forward -€8,669
down €8,669 (-36.2%), from -€23,922 to -€32,591
- Trade debts +€1,359
up €1,359 (+869%), from €156 to €1,515
- Gross operating margin -€25,286
down €25,286, from €20,776 to -€4,510
- Depreciation -€1,029
down €1,029 (-22.0%), from €4,672 to €3,643
- Other operating charges -€292
down €292 (-35.7%), from €817 to €525
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.
Derived cash bridge
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 | €81,924 | €61,796 | -€20,128 | -24.6% |
| Fixed assets | 21/28 | €8,699 | €3,069 | -€5,631 | -64.7% |
| Tangible fixed assets | 22/27 | €8,199 | €2,569 | -€5,631 | -68.7% |
| Furniture and vehicles | 24 | €5,790 | €962 | -€4,827 | -83.4% |
| Other tangible fixed assets | 26 | €2,409 | €1,606 | -€803 | -33.3% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €73,225 | €58,727 | -€14,498 | -19.8% |
| Stocks and contracts in progress | 3 | €1,250 | €1,250 | = | 0.0% |
| Stocks | 30/36 | €1,250 | €1,250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €25,966 | €11,644 | -€14,322 | -55.2% |
| Trade receivables | 40 | €9,197 | €8,571 | -€626 | -6.8% |
| Other amounts receivable | 41 | €16,769 | €3,073 | -€13,696 | -81.7% |
| Cash at bank and in hand | 54/58 | €44,598 | €44,823 | +€225 | +0.5% |
| Deferred charges and accrued income | 490/1 | €1,411 | €1,010 | -€401 | -28.4% |
| Total equity and liabilities | 10/49 | €81,924 | €61,796 | -€20,128 | -24.6% |
| Equity | 10/15 | -€5,322 | -€13,991 | -€8,669 | -163% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,922 | -€32,591 | -€8,669 | -36.2% |
| Amounts payable | 17/49 | €87,246 | €75,787 | -€11,459 | -13.1% |
| Amounts payable within one year | 42/48 | €87,246 | €75,787 | -€11,459 | -13.1% |
| Trade debts | 44 | €156 | €1,515 | +€1,359 | +869% |
| Suppliers | 440/4 | €156 | €1,515 | +€1,359 | +869% |
| Taxes, remuneration and social security | 45 | €46 | €506 | +€460 | +992% |
| Taxes | 450/3 | €46 | €506 | +€460 | +992% |
| Other amounts payable | 47/48 | €87,043 | €73,766 | -€13,277 | -15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,672 | €3,643 | -€1,029 | -22.0% |
| Other operating charges | 640/8 | €817 | €525 | -€292 | -35.7% |
| Gross operating margin | 9900 | €20,776 | -€4,510 | -€25,286 | |
| Operating profit (loss) | 9901 | €15,288 | -€8,677 | -€23,965 | |
| Financial income | 75/76B | €257 | €74 | -€183 | -71.3% |
| Recurring financial income | 75 | €257 | €74 | -€183 | -71.3% |
| Financial charges | 65/66B | €100 | €66 | -€34 | -34.4% |
| Recurring financial charges | 65 | €100 | €66 | -€34 | -34.4% |
| Profit (loss) for the period before taxes | 9903 | €15,444 | -€8,669 | -€24,113 | |
| Profit (loss) for the period | 9904 | €15,444 | -€8,669 | -€24,113 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,444 | -€8,669 | -€24,113 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.