STEFONA: 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.
STEFONA
Largest movements
- Cash +€47,173
up €47,173 (+12,965%), from €364 to €47,536
mainly Net result for the year (+€27,563) and Trade debts (+€21,877)
- Receivables within one year +€32,268
up €32,268 (+5,015%), from €643 to €32,912
of which Trade receivables: +€19,360
- Reserves +€24,344
new in 2025: €24,344
- Trade debts +€21,877
new in 2025: €21,877
- Tax, wage and social debts +€12,316
new in 2025: €12,316
- Accrued charges and deferred income +€9,916
new in 2025: €9,916
- Other debts +€7,768
up €7,768 (+4.1%), from €190,727 to €198,494
- Gross operating margin +€50,397
up €50,397, from -€3,219 to €47,177
- Financial charges +€13,132
new in 2025: €13,132
- Taxes +€6,086
new in 2025: €6,086
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 | €366,007 | €445,448 | +€79,441 | +21.7% |
| Fixed assets | 21/28 | €365,000 | €365,000 | = | 0.0% |
| Financial fixed assets | 28 | €365,000 | €365,000 | = | 0.0% |
| Current assets | 29/58 | €1,007 | €80,448 | +€79,441 | +7,887% |
| Amounts receivable within one year | 40/41 | €643 | €32,912 | +€32,268 | +5,015% |
| Trade receivables | 40 | - | €19,360 | +€19,360 | |
| Other amounts receivable | 41 | €643 | €13,552 | +€12,908 | +2,006% |
| Cash at bank and in hand | 54/58 | €364 | €47,536 | +€47,173 | +12,965% |
| Total equity and liabilities | 10/49 | €366,007 | €445,448 | +€79,441 | +21.7% |
| Equity | 10/15 | €175,281 | €202,844 | +€27,563 | +15.7% |
| Contributions | 10/11 | €178,500 | €178,500 | = | 0.0% |
| Reserves | 13 | - | €24,344 | +€24,344 | |
| Distributable reserves | 133 | - | €24,344 | +€24,344 | |
| Profit (loss) carried forward | 14 | -€3,219 | €0 | +€3,219 | |
| Amounts payable | 17/49 | €190,727 | €242,605 | +€51,878 | +27.2% |
| Amounts payable within one year | 42/48 | €190,727 | €232,688 | +€41,962 | +22.0% |
| Trade debts | 44 | - | €21,877 | +€21,877 | |
| Suppliers | 440/4 | - | €21,877 | +€21,877 | |
| Taxes, remuneration and social security | 45 | - | €12,316 | +€12,316 | |
| Taxes | 450/3 | - | €12,316 | +€12,316 | |
| Other amounts payable | 47/48 | €190,727 | €198,494 | +€7,768 | +4.1% |
| Accrued charges and deferred income | 492/3 | - | €9,916 | +€9,916 | |
| Other operating charges | 640/8 | - | €396 | +€396 | |
| Gross operating margin | 9900 | -€3,219 | €47,177 | +€50,397 | |
| Operating profit (loss) | 9901 | -€3,219 | €46,781 | +€50,001 | |
| Financial charges | 65/66B | - | €13,132 | +€13,132 | |
| Recurring financial charges | 65 | - | €13,132 | +€13,132 | |
| Profit (loss) for the period before taxes | 9903 | -€3,219 | €33,649 | +€36,869 | |
| Income taxes | 67/77 | - | €6,086 | +€6,086 | |
| Profit (loss) for the period | 9904 | -€3,219 | €27,563 | +€30,783 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,219 | €27,563 | +€30,783 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.