STEFLOR: 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.
STEFLOR
Largest movements
- Tangible fixed assets +€1.2m
up €1.2m (+80.2%), from €1.5m to €2.6m
of which Land and buildings: +€835,922
- Cash +€300,018
up €300,018 (+104.0%), from €288,600 to €588,618
mainly Debts after one year (+€758,620) and Other debts (+€484,978)
- Receivables within one year +€65,082
up €65,082 (+22.5%), from €289,704 to €354,786
of which Trade receivables: +€57,749
- Debts after one year +€758,620
up €758,620 (+97.0%), from €782,456 to €1.5m
of which Financial debts: +€758,620
- Other debts +€484,978
up €484,978 (+2350.0%), from €20,637 to €505,616
- Profit (loss) carried forward +€332,393
up €332,393 (+69.5%), from €478,001 to €810,394
- Trade debts -€77,308
down €77,308 (-27.1%), from €285,668 to €208,359
- Current portion of long-term debt +€63,536
up €63,536 (+38.0%), from €167,045 to €230,580
- Gross operating margin +€701,021
up €701,021 (+49.9%), from €1.4m to €2.1m
- Staff costs +€325,811
up €325,811 (+41.1%), from €791,995 to €1.1m
- Depreciation +€183,654
up €183,654 (+68.5%), from €267,996 to €451,650
- Write-downs -€49,992
no longer reported in 2025 (was €49,992)
- Taxes +€46,431
up €46,431 (+89.5%), from €51,880 to €98,312
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 | €2,064,946 | €3,607,684 | +€1.5m | +74.7% |
| Fixed assets | 21/28 | €1,455,434 | €2,623,357 | +€1.2m | +80.2% |
| Intangible fixed assets | 21 | €2,340 | €720 | -€1,620 | -69.2% |
| Tangible fixed assets | 22/27 | €1,453,093 | €2,618,642 | +€1.2m | +80.2% |
| Land and buildings | 22 | €554,714 | €1,390,636 | +€835,922 | +150.7% |
| Plant, machinery and equipment | 23 | €661,531 | €905,445 | +€243,914 | +36.9% |
| Furniture and vehicles | 24 | €77,694 | €83,121 | +€5,426 | +7.0% |
| Leasing and similar rights | 25 | €139,734 | €223,341 | +€83,607 | +59.8% |
| Other tangible fixed assets | 26 | €19,421 | €16,100 | -€3,320 | -17.1% |
| Financial fixed assets | 28 | - | €3,994 | +€3,994 | |
| Current assets | 29/58 | €609,513 | €984,328 | +€374,815 | +61.5% |
| Stocks and contracts in progress | 3 | €13,000 | €13,000 | = | 0.0% |
| Stocks | 30/36 | €13,000 | €13,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €289,704 | €354,786 | +€65,082 | +22.5% |
| Trade receivables | 40 | €232,263 | €290,012 | +€57,749 | +24.9% |
| Other amounts receivable | 41 | €57,441 | €64,774 | +€7,333 | +12.8% |
| Cash at bank and in hand | 54/58 | €288,600 | €588,618 | +€300,018 | +104.0% |
| Deferred charges and accrued income | 490/1 | €18,208 | €27,924 | +€9,716 | +53.4% |
| Total equity and liabilities | 10/49 | €2,064,946 | €3,607,684 | +€1.5m | +74.7% |
| Equity | 10/15 | €681,633 | €975,097 | +€293,464 | +43.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €185,032 | €146,103 | -€38,929 | -21.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €183,172 | €144,243 | -€38,929 | -21.3% |
| Profit (loss) carried forward | 14 | €478,001 | €810,394 | +€332,393 | +69.5% |
| Amounts payable | 17/49 | €1,383,313 | €2,632,587 | +€1.2m | +90.3% |
| Amounts payable after more than one year | 17 | €782,456 | €1,541,076 | +€758,620 | +97.0% |
| Financial debts | 170/4 | €644,834 | €1,403,454 | +€758,620 | +117.6% |
| Other amounts payable | 178/9 | €137,622 | €137,622 | = | 0.0% |
| Amounts payable within one year | 42/48 | €599,818 | €1,073,325 | +€473,507 | +78.9% |
| Current portion of amounts payable after more than one year | 42 | €167,045 | €230,580 | +€63,536 | +38.0% |
| Trade debts | 44 | €285,668 | €208,359 | -€77,308 | -27.1% |
| Suppliers | 440/4 | €285,668 | €208,359 | -€77,308 | -27.1% |
| Taxes, remuneration and social security | 45 | €126,468 | €128,770 | +€2,302 | +1.8% |
| Taxes | 450/3 | €19,950 | €11,350 | -€8,600 | -43.1% |
| Remuneration and social security | 454/9 | €106,518 | €117,420 | +€10,902 | +10.2% |
| Other amounts payable | 47/48 | €20,637 | €505,616 | +€484,978 | +2350.0% |
| Accrued charges and deferred income | 492/3 | €1,039 | €18,186 | +€17,147 | +1649.6% |
| Remuneration, social security and pensions | 62 | €791,995 | €1,117,805 | +€325,811 | +41.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €267,996 | €451,650 | +€183,654 | +68.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €49,992 | - | -€49,992 | |
| Other operating charges | 640/8 | €10,699 | €34,256 | +€23,557 | +220.2% |
| Gross operating margin | 9900 | €1,406,049 | €2,107,070 | +€701,021 | +49.9% |
| Operating profit (loss) | 9901 | €285,367 | €503,358 | +€217,991 | +76.4% |
| Financial income | 75/76B | €12,402 | €2,937 | -€9,465 | -76.3% |
| Recurring financial income | 75 | €12,402 | €2,937 | -€9,465 | -76.3% |
| Financial charges | 65/66B | €51,817 | €73,925 | +€22,108 | +42.7% |
| Recurring financial charges | 65 | €51,817 | €73,925 | +€22,108 | +42.7% |
| Profit (loss) for the period before taxes | 9903 | €245,953 | €432,371 | +€186,418 | +75.8% |
| Income taxes | 67/77 | €51,880 | €98,312 | +€46,431 | +89.5% |
| Profit (loss) for the period | 9904 | €194,072 | €334,059 | +€139,987 | +72.1% |
| Profit (loss) for the period to be appropriated | 9905 | €194,072 | €334,059 | +€139,987 | +72.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.