STEFUNIC: 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.
STEFUNIC
Largest movements
- Tangible fixed assets -€32,688
down €32,688 (-28.7%), from €113,937 to €81,249
of which Furniture and vehicles: -€27,527
- Receivables within one year -€11,799
down €11,799 (-24.7%), from €47,861 to €36,062
of which Trade receivables: -€17,711
- Profit (loss) carried forward -€23,119
down €23,119 (-16.1%), from -€143,532 to -€166,651
- Other debts +€22,035
up €22,035 (+18.6%), from €118,431 to €140,466
- Trade debts -€17,156
down €17,156 (-79.8%), from €21,501 to €4,345
- Debts after one year -€15,689
down €15,689 (-25.2%), from €62,204 to €46,515
- Tax, wage and social debts -€8,392
down €8,392 (-32.8%), from €25,582 to €17,191
of which Taxes: -€6,557
- Gross operating margin -€60,951
down €60,951 (-65.0%), from €93,711 to €32,760
- Depreciation +€21,572
up €21,572 (+194.1%), from €11,116 to €32,688
- Taxes -€19,767
down €19,767, from €19,202 to -€564
- Financial charges +€1,640
up €1,640 (+277.9%), from €590 to €2,230
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 | €163,715 | €119,554 | -€44,162 | -27.0% |
| Fixed assets | 21/28 | €114,071 | €81,383 | -€32,688 | -28.7% |
| Tangible fixed assets | 22/27 | €113,937 | €81,249 | -€32,688 | -28.7% |
| Land and buildings | 22 | €15,293 | €12,877 | -€2,416 | -15.8% |
| Plant, machinery and equipment | 23 | €11,139 | €8,395 | -€2,744 | -24.6% |
| Furniture and vehicles | 24 | €87,505 | €59,978 | -€27,527 | -31.5% |
| Financial fixed assets | 28 | €134 | €134 | = | 0.0% |
| Current assets | 29/58 | €49,644 | €38,170 | -€11,474 | -23.1% |
| Amounts receivable within one year | 40/41 | €47,861 | €36,062 | -€11,799 | -24.7% |
| Trade receivables | 40 | €47,773 | €30,062 | -€17,711 | -37.1% |
| Other amounts receivable | 41 | €88 | €6,000 | +€5,912 | +6722.8% |
| Cash at bank and in hand | 54/58 | €1,165 | €768 | -€397 | -34.1% |
| Deferred charges and accrued income | 490/1 | €618 | €1,341 | +€722 | +116.9% |
| Total equity and liabilities | 10/49 | €163,715 | €119,554 | -€44,162 | -27.0% |
| Equity | 10/15 | -€88,995 | -€112,114 | -€23,119 | -26.0% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €4,958 | €4,958 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,958 | €4,958 | = | 0.0% |
| Other | 1319 | €4,958 | €4,958 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€143,532 | -€166,651 | -€23,119 | -16.1% |
| Amounts payable | 17/49 | €252,711 | €231,668 | -€21,043 | -8.3% |
| Amounts payable after more than one year | 17 | €62,204 | €46,515 | -€15,689 | -25.2% |
| Financial debts | 170/4 | €62,204 | €46,515 | -€15,689 | -25.2% |
| Amounts payable within one year | 42/48 | €190,507 | €185,153 | -€5,354 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €17,530 | €15,689 | -€1,841 | -10.5% |
| Financial debts | 43 | €7,462 | €7,462 | = | 0.0% |
| Other loans | 439 | €7,462 | €7,462 | = | 0.0% |
| Trade debts | 44 | €21,501 | €4,345 | -€17,156 | -79.8% |
| Suppliers | 440/4 | €21,501 | €4,345 | -€17,156 | -79.8% |
| Taxes, remuneration and social security | 45 | €25,582 | €17,191 | -€8,392 | -32.8% |
| Taxes | 450/3 | €23,747 | €17,191 | -€6,557 | -27.6% |
| Remuneration and social security | 454/9 | €1,835 | - | -€1,835 | |
| Other amounts payable | 47/48 | €118,431 | €140,466 | +€22,035 | +18.6% |
| Non-recurring operating income | 76A | €3,687 | - | -€3,687 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,116 | €32,688 | +€21,572 | +194.1% |
| Other operating charges | 640/8 | €799 | €1,026 | +€228 | +28.5% |
| Non-recurring operating charges | 66A | - | €20,500 | +€20,500 | |
| Gross operating margin | 9900 | €93,711 | €32,760 | -€60,951 | -65.0% |
| Operating profit (loss) | 9901 | €81,796 | -€21,454 | -€103,250 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €590 | €2,230 | +€1,640 | +277.9% |
| Recurring financial charges | 65 | €590 | €2,230 | +€1,640 | +277.9% |
| Profit (loss) for the period before taxes | 9903 | €81,206 | -€23,683 | -€104,889 | |
| Income taxes | 67/77 | €19,202 | -€564 | -€19,767 | |
| Profit (loss) for the period | 9904 | €62,003 | -€23,119 | -€85,122 | |
| Profit (loss) for the period to be appropriated | 9905 | €62,003 | -€23,119 | -€85,122 |
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 29 September 2026 via checked.be.