STEGIDAK: what changed
STEGIDAK
Largest movements
- Stocks and contracts +€22,068
up €22,068 (+386%), from €5,712 to €27,780
of which Contracts in progress: +€21,985
- Cash -€21,396
down €21,396 (-42.8%), from €50,011 to €28,615
mainly Contributions, distributions and other (-€24,707) and Stocks and contracts (-€22,068)
- Tangible fixed assets -€4,726
down €4,726 (-8.2%), from €57,578 to €52,851
of which Furniture and vehicles: -€7,568
- Deferred charges and accrued income -€2,625
no longer reported in 2025 (was €2,625)
- Receivables within one year -€1,478
down €1,478 (-56.1%), from €2,634 to €1,156
of which Other amounts receivable: -€1,478
- Other debts +€22,382
up €22,382 (+31,138%), from €72 to €22,454
- Reserves -€17,675
down €17,675 (-24.4%), from €72,426 to €54,751
of which Distributable reserves: -€17,675
- Current portion of long-term debt -€5,342
down €5,342 (-66.3%), from €8,059 to €2,717
- Trade debts -€2,906
down €2,906 (-20.0%), from €14,553 to €11,647
- Debts after one year -€2,717
no longer reported in 2025 (was €2,717)
- Gross operating margin -€13,584
down €13,584 (-11.8%), from €115,393 to €101,809
- Staff costs -€11,007
down €11,007 (-12.1%), from €90,829 to €79,821
- Depreciation +€1,723
up €1,723 (+20.6%), from €8,358 to €10,081
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €118,560 | €110,402 | -€8,158 | -6.9% |
| Fixed assets | 21/28 | €57,578 | €52,851 | -€4,726 | -8.2% |
| Tangible fixed assets | 22/27 | €57,578 | €52,851 | -€4,726 | -8.2% |
| Land and buildings | 22 | €33,366 | €33,022 | -€344 | -1.0% |
| Plant, machinery and equipment | 23 | €5,189 | €8,375 | +€3,186 | +61.4% |
| Furniture and vehicles | 24 | €19,022 | €11,454 | -€7,568 | -39.8% |
| Current assets | 29/58 | €60,982 | €57,550 | -€3,432 | -5.6% |
| Stocks and contracts in progress | 3 | €5,712 | €27,780 | +€22,068 | +386% |
| Stocks | 30/36 | €5,712 | €5,795 | +€83 | +1.5% |
| Contracts in progress | 37 | - | €21,985 | +€21,985 | |
| Amounts receivable within one year | 40/41 | €2,634 | €1,156 | -€1,478 | -56.1% |
| Trade receivables | 40 | €155 | €155 | = | 0.0% |
| Other amounts receivable | 41 | €2,479 | €1,001 | -€1,478 | -59.6% |
| Cash at bank and in hand | 54/58 | €50,011 | €28,615 | -€21,396 | -42.8% |
| Deferred charges and accrued income | 490/1 | €2,625 | - | -€2,625 | |
| Total equity and liabilities | 10/49 | €118,560 | €110,402 | -€8,158 | -6.9% |
| Equity | 10/15 | €82,426 | €64,751 | -€17,675 | -21.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €72,426 | €54,751 | -€17,675 | -24.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €70,566 | €52,891 | -€17,675 | -25.0% |
| Amounts payable | 17/49 | €36,134 | €45,651 | +€9,517 | +26.3% |
| Amounts payable after more than one year | 17 | €2,717 | - | -€2,717 | |
| Financial debts | 170/4 | €2,717 | - | -€2,717 | |
| Amounts payable within one year | 42/48 | €33,417 | €45,651 | +€12,234 | +36.6% |
| Current portion of amounts payable after more than one year | 42 | €8,059 | €2,717 | -€5,342 | -66.3% |
| Trade debts | 44 | €14,553 | €11,647 | -€2,906 | -20.0% |
| Suppliers | 440/4 | €14,553 | €11,647 | -€2,906 | -20.0% |
| Taxes, remuneration and social security | 45 | €10,733 | €8,833 | -€1,900 | -17.7% |
| Taxes | 450/3 | €8,929 | €6,468 | -€2,461 | -27.6% |
| Remuneration and social security | 454/9 | €1,804 | €2,366 | +€561 | +31.1% |
| Other amounts payable | 47/48 | €72 | €22,454 | +€22,382 | +31,138% |
| Remuneration, social security and pensions | 62 | €90,829 | €79,821 | -€11,007 | -12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,358 | €10,081 | +€1,723 | +20.6% |
| Other operating charges | 640/8 | €1,612 | €1,588 | -€24 | -1.5% |
| Gross operating margin | 9900 | €115,393 | €101,809 | -€13,584 | -11.8% |
| Operating profit (loss) | 9901 | €14,594 | €10,319 | -€4,275 | -29.3% |
| Financial income | 75/76B | €225 | €199 | -€26 | -11.5% |
| Recurring financial income | 75 | €225 | €199 | -€26 | -11.5% |
| Financial charges | 65/66B | €396 | €284 | -€111 | -28.1% |
| Recurring financial charges | 65 | €396 | €284 | -€111 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | €14,424 | €10,234 | -€4,190 | -29.0% |
| Income taxes | 67/77 | €4,242 | €3,202 | -€1,040 | -24.5% |
| Profit (loss) for the period | 9904 | €10,182 | €7,032 | -€3,149 | -30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,182 | €7,032 | -€3,149 | -30.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.