STEGG: 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.
STEGG
Largest movements
- Cash +€13,901
up €13,901 (+39.8%), from €34,884 to €48,785
mainly Net result for the year (+€40,430) and Other debts (+€16,420)
- Tangible fixed assets +€1,716
up €1,716 (+18.5%), from €9,271 to €10,986
of which Furniture and vehicles: +€2,277
- Receivables within one year -€800
down €800 (-4.8%), from €16,539 to €15,739
of which Other amounts receivable: -€1,875
- Other debts +€16,420
up €16,420 (+74.1%), from €22,164 to €38,583
- Profit (loss) carried forward -€4,570
down €4,570 (-83.8%), from €5,451 to €881
- Tax, wage and social debts +€2,166
up €2,166 (+21.8%), from €9,949 to €12,115
- Gross operating margin +€25,793
up €25,793 (+83.8%), from €30,794 to €56,587
- Taxes +€5,431
up €5,431 (+92.2%), from €5,889 to €11,320
- Other operating charges +€2,269
up €2,269 (+240%), from €947 to €3,216
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 | €61,485 | €76,157 | +€14,672 | +23.9% |
| Fixed assets | 21/28 | €9,271 | €10,986 | +€1,716 | +18.5% |
| Tangible fixed assets | 22/27 | €9,271 | €10,986 | +€1,716 | +18.5% |
| Furniture and vehicles | 24 | €8,191 | €10,468 | +€2,277 | +27.8% |
| Other tangible fixed assets | 26 | €1,079 | €518 | -€561 | -52.0% |
| Current assets | 29/58 | €52,214 | €65,171 | +€12,956 | +24.8% |
| Amounts receivable within one year | 40/41 | €16,539 | €15,739 | -€800 | -4.8% |
| Trade receivables | 40 | €14,386 | €15,461 | +€1,075 | +7.5% |
| Other amounts receivable | 41 | €2,153 | €278 | -€1,875 | -87.1% |
| Cash at bank and in hand | 54/58 | €34,884 | €48,785 | +€13,901 | +39.8% |
| Deferred charges and accrued income | 490/1 | €791 | €647 | -€144 | -18.2% |
| Total equity and liabilities | 10/49 | €61,485 | €76,157 | +€14,672 | +23.9% |
| Equity | 10/15 | €25,911 | €21,341 | -€4,570 | -17.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,451 | €881 | -€4,570 | -83.8% |
| Amounts payable | 17/49 | €35,574 | €54,816 | +€19,242 | +54.1% |
| Amounts payable within one year | 42/48 | €35,574 | €54,816 | +€19,242 | +54.1% |
| Trade debts | 44 | €3,461 | €4,118 | +€656 | +19.0% |
| Suppliers | 440/4 | €3,461 | €4,118 | +€656 | +19.0% |
| Taxes, remuneration and social security | 45 | €9,949 | €12,115 | +€2,166 | +21.8% |
| Taxes | 450/3 | €9,949 | €12,115 | +€2,166 | +21.8% |
| Other amounts payable | 47/48 | €22,164 | €38,583 | +€16,420 | +74.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,162 | €1,715 | -€447 | -20.7% |
| Other operating charges | 640/8 | €947 | €3,216 | +€2,269 | +240% |
| Gross operating margin | 9900 | €30,794 | €56,587 | +€25,793 | +83.8% |
| Operating profit (loss) | 9901 | €27,685 | €51,656 | +€23,971 | +86.6% |
| Financial income | 75/76B | €142 | €185 | +€42 | +29.6% |
| Recurring financial income | 75 | €142 | €185 | +€42 | +29.6% |
| Financial charges | 65/66B | €140 | €90 | -€50 | -35.5% |
| Recurring financial charges | 65 | €140 | €90 | -€50 | -35.5% |
| Profit (loss) for the period before taxes | 9903 | €27,687 | €51,750 | +€24,063 | +86.9% |
| Income taxes | 67/77 | €5,889 | €11,320 | +€5,431 | +92.2% |
| Profit (loss) for the period | 9904 | €21,798 | €40,430 | +€18,632 | +85.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,798 | €40,430 | +€18,632 | +85.5% |
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 20 October 2026 via checked.be.