StefOstéo: 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.
StefOstéo
Largest movements
- Tangible fixed assets -€22,837
down €22,837 (-25.9%), from €88,237 to €65,401
of which Furniture and vehicles: -€18,154
- Cash +€9,834
up €9,834 (+7.7%), from €127,727 to €137,560
mainly Other debts (+€68,645) and Net result for the year (+€36,566)
- Current investments +€8,166
up €8,166 (+87.4%), from €9,345 to €17,511
- Other debts +€68,645
up €68,645 (+607.8%), from €11,293 to €79,938
- Reserves -€45,000
down €45,000 (-38.6%), from €116,500 to €71,500
- Profit (loss) carried forward -€26,362
no longer reported in 2025 (was €26,362)
- Debts after one year -€16,189
down €16,189 (-33.0%), from €49,017 to €32,827
- Tax, wage and social debts +€9,084
up €9,084 (+169.8%), from €5,350 to €14,434
- Gross operating margin +€9,034
up €9,034 (+13.5%), from €66,765 to €75,799
- Taxes +€2,982
up €2,982 (+33.7%), from €8,859 to €11,841
- Depreciation -€1,059
down €1,059 (-3.9%), from €27,506 to €26,447
- Financial charges -€1,025
down €1,025 (-43.6%), from €2,349 to €1,324
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 | €227,446 | €222,533 | -€4,913 | -2.2% |
| Fixed assets | 21/28 | €88,237 | €65,401 | -€22,837 | -25.9% |
| Tangible fixed assets | 22/27 | €88,237 | €65,401 | -€22,837 | -25.9% |
| Plant, machinery and equipment | 23 | €25,305 | €20,622 | -€4,683 | -18.5% |
| Furniture and vehicles | 24 | €62,933 | €44,779 | -€18,154 | -28.8% |
| Current assets | 29/58 | €139,209 | €157,133 | +€17,924 | +12.9% |
| Amounts receivable within one year | 40/41 | €915 | €300 | -€615 | -67.2% |
| Trade receivables | 40 | €915 | €300 | -€615 | -67.2% |
| Current investments | 50/53 | €9,345 | €17,511 | +€8,166 | +87.4% |
| Cash at bank and in hand | 54/58 | €127,727 | €137,560 | +€9,834 | +7.7% |
| Deferred charges and accrued income | 490/1 | €1,222 | €1,762 | +€539 | +44.1% |
| Total equity and liabilities | 10/49 | €227,446 | €222,533 | -€4,913 | -2.2% |
| Equity | 10/15 | €143,862 | €72,500 | -€71,362 | -49.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Outside capital | 11 | €1,000 | €1,000 | = | 0.0% |
| Other | 1109/19 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €116,500 | €71,500 | -€45,000 | -38.6% |
| Distributable reserves | 133 | €116,500 | €71,500 | -€45,000 | -38.6% |
| Profit (loss) carried forward | 14 | €26,362 | - | -€26,362 | |
| Amounts payable | 17/49 | €83,584 | €150,033 | +€66,449 | +79.5% |
| Amounts payable after more than one year | 17 | €49,017 | €32,827 | -€16,189 | -33.0% |
| Financial debts | 170/4 | €49,017 | €32,827 | -€16,189 | -33.0% |
| Amounts payable within one year | 42/48 | €34,567 | €117,206 | +€82,639 | +239.1% |
| Current portion of amounts payable after more than one year | 42 | €17,924 | €17,368 | -€556 | -3.1% |
| Trade debts | 44 | - | €5,466 | +€5,466 | |
| Suppliers | 440/4 | - | €5,466 | +€5,466 | |
| Taxes, remuneration and social security | 45 | €5,350 | €14,434 | +€9,084 | +169.8% |
| Taxes | 450/3 | €5,350 | €14,434 | +€9,084 | +169.8% |
| Other amounts payable | 47/48 | €11,293 | €79,938 | +€68,645 | +607.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,506 | €26,447 | -€1,059 | -3.9% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €66,765 | €75,799 | +€9,034 | +13.5% |
| Operating profit (loss) | 9901 | €38,871 | €48,953 | +€10,081 | +25.9% |
| Financial income | 75/76B | €318 | €778 | +€460 | +145.0% |
| Recurring financial income | 75 | €318 | €778 | +€460 | +145.0% |
| Financial charges | 65/66B | €2,349 | €1,324 | -€1,025 | -43.6% |
| Recurring financial charges | 65 | €2,349 | €1,324 | -€1,025 | -43.6% |
| Profit (loss) for the period before taxes | 9903 | €36,840 | €48,406 | +€11,567 | +31.4% |
| Income taxes | 67/77 | €8,859 | €11,841 | +€2,982 | +33.7% |
| Profit (loss) for the period | 9904 | €27,981 | €36,566 | +€8,585 | +30.7% |
| Profit (loss) for the period to be appropriated | 9905 | €27,981 | €36,566 | +€8,585 | +30.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.