STEGI CONSTRUCT: 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.
STEGI CONSTRUCT
Largest movements
- Tangible fixed assets +€91,837
up €91,837 (+3.4%), from €2.7m to €2.8m
of which Land and buildings: +€367,177
- Cash +€67,383
up €67,383 (+115.7%), from €58,260 to €125,642
mainly Depreciation (+€386,379) and Debts after one year (+€115,398)
- Debts after one year +€115,398
up €115,398 (+8.1%), from €1.4m to €1.5m
- Current portion of long-term debt -€95,685
down €95,685 (-29.2%), from €328,024 to €232,338
- Trade debts +€68,975
up €68,975 (+18.1%), from €380,578 to €449,552
- Short-term financial debts +€50,000
up €50,000 (+100.0%), from €50,000 to €100,000
of which Credit institutions: +€100,000
- Staff costs +€80,084
up €80,084 (+30.6%), from €262,119 to €342,203
- Depreciation +€37,649
up €37,649 (+10.8%), from €348,730 to €386,379
- Financial charges +€10,841
up €10,841 (+18.3%), from €59,279 to €70,120
- Taxes -€9,225
down €9,225 (-22.1%), from €41,724 to €32,500
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 | €3,171,067 | €3,339,816 | +€168,749 | +5.3% |
| Fixed assets | 21/28 | €2,687,156 | €2,778,993 | +€91,837 | +3.4% |
| Tangible fixed assets | 22/27 | €2,686,647 | €2,778,484 | +€91,837 | +3.4% |
| Land and buildings | 22 | €1,455,334 | €1,822,511 | +€367,177 | +25.2% |
| Plant, machinery and equipment | 23 | €560,979 | €464,870 | -€96,109 | -17.1% |
| Furniture and vehicles | 24 | €159,226 | €95,374 | -€63,852 | -40.1% |
| Leasing and similar rights | 25 | €511,108 | €395,728 | -€115,380 | -22.6% |
| Financial fixed assets | 28 | €509 | €509 | = | 0.0% |
| Current assets | 29/58 | €483,911 | €560,823 | +€76,912 | +15.9% |
| Amounts receivable within one year | 40/41 | €398,699 | €410,379 | +€11,680 | +2.9% |
| Trade receivables | 40 | €364,991 | €386,708 | +€21,718 | +6.0% |
| Other amounts receivable | 41 | €33,708 | €23,671 | -€10,037 | -29.8% |
| Cash at bank and in hand | 54/58 | €58,260 | €125,642 | +€67,383 | +115.7% |
| Deferred charges and accrued income | 490/1 | €26,953 | €24,801 | -€2,151 | -8.0% |
| Total equity and liabilities | 10/49 | €3,171,067 | €3,339,816 | +€168,749 | +5.3% |
| Equity | 10/15 | €955,220 | €945,116 | -€10,104 | -1.1% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €910,220 | €900,116 | -€10,104 | -1.1% |
| Distributable reserves | 133 | €910,220 | €900,116 | -€10,104 | -1.1% |
| Amounts payable | 17/49 | €2,215,847 | €2,394,700 | +€178,853 | +8.1% |
| Amounts payable after more than one year | 17 | €1,427,468 | €1,542,867 | +€115,398 | +8.1% |
| Financial debts | 170/4 | €1,427,468 | €1,542,867 | +€115,398 | +8.1% |
| Amounts payable within one year | 42/48 | €788,379 | €851,834 | +€63,455 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €328,024 | €232,338 | -€95,685 | -29.2% |
| Financial debts | 43 | €50,000 | €100,000 | +€50,000 | +100.0% |
| Credit institutions | 430/8 | - | €100,000 | +€100,000 | |
| Other loans | 439 | €50,000 | - | -€50,000 | |
| Trade debts | 44 | €380,578 | €449,552 | +€68,975 | +18.1% |
| Suppliers | 440/4 | €380,578 | €449,552 | +€68,975 | +18.1% |
| Taxes, remuneration and social security | 45 | €25,020 | €43,267 | +€18,247 | +72.9% |
| Taxes | 450/3 | €18,000 | €36,299 | +€18,299 | +101.7% |
| Remuneration and social security | 454/9 | €7,020 | €6,968 | -€52 | -0.7% |
| Other amounts payable | 47/48 | €4,758 | €26,676 | +€21,919 | +460.7% |
| Remuneration, social security and pensions | 62 | €262,119 | €342,203 | +€80,084 | +30.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €348,730 | €386,379 | +€37,649 | +10.8% |
| Other operating charges | 640/8 | €667 | €1,209 | +€542 | +81.2% |
| Gross operating margin | 9900 | €871,674 | €872,306 | +€633 | +0.1% |
| Operating profit (loss) | 9901 | €260,158 | €142,515 | -€117,643 | -45.2% |
| Financial income | 75/76B | €4,196 | €8,526 | +€4,329 | +103.2% |
| Recurring financial income | 75 | €4,196 | €8,526 | +€4,329 | +103.2% |
| Financial charges | 65/66B | €59,279 | €70,120 | +€10,841 | +18.3% |
| Recurring financial charges | 65 | €59,279 | €70,120 | +€10,841 | +18.3% |
| Profit (loss) for the period before taxes | 9903 | €205,076 | €80,921 | -€124,155 | -60.5% |
| Income taxes | 67/77 | €41,724 | €32,500 | -€9,225 | -22.1% |
| Profit (loss) for the period | 9904 | €163,351 | €48,421 | -€114,930 | -70.4% |
| Profit (loss) for the period to be appropriated | 9905 | €163,351 | €48,421 | -€114,930 | -70.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.