STEGO CONCEPT: 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.
STEGO CONCEPT
Largest movements
- Receivables within one year -€29,827
down €29,827 (-93.7%), from €31,827 to €2,000
of which Trade receivables: -€21,971
- Tangible fixed assets -€435
down €435 (-100%), from €435 to €0
of which Land and buildings: -€275
- Trade debts -€23,357
down €23,357 (-92.6%), from €25,231 to €1,875
- Profit (loss) carried forward -€2,630
down €2,630 (-18.2%), from -€14,484 to -€17,114
- Tax, wage and social debts -€2,192
down €2,192 (-92.8%), from €2,363 to €171
- Other debts -€2,179
down €2,179 (-44.2%), from €4,933 to €2,755
- Gross operating margin +€17,632
up €17,632 (+93.8%), from -€18,794 to -€1,162
- Financial charges -€552
down €552 (-69.8%), from €791 to €238
- Other operating charges +€382
up €382 (+86.8%), from €440 to €822
- Depreciation -€365
down €365 (-45.6%), from €800 to €435
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 | €35,079 | €4,723 | -€30,357 | -86.5% |
| Fixed assets | 21/28 | €1,276 | €840 | -€435 | -34.1% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €435 | €0 | -€435 | -100% |
| Land and buildings | 22 | €275 | €0 | -€275 | -100% |
| Plant, machinery and equipment | 23 | €160 | €0 | -€160 | -100% |
| Financial fixed assets | 28 | €839 | €839 | = | 0.0% |
| Current assets | 29/58 | €33,804 | €3,882 | -€29,921 | -88.5% |
| Amounts receivable within one year | 40/41 | €31,827 | €2,000 | -€29,827 | -93.7% |
| Trade receivables | 40 | €23,971 | €2,000 | -€21,971 | -91.7% |
| Other amounts receivable | 41 | €7,857 | €0 | -€7,857 | -100% |
| Cash at bank and in hand | 54/58 | €1,919 | €1,882 | -€37 | -1.9% |
| Deferred charges and accrued income | 490/1 | €57 | €0 | -€57 | -100% |
| Total equity and liabilities | 10/49 | €35,079 | €4,723 | -€30,357 | -86.5% |
| Equity | 10/15 | €2,552 | -€78 | -€2,630 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €10,836 | €10,836 | = | 0.0% |
| 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 | €8,976 | €8,976 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,484 | -€17,114 | -€2,630 | -18.2% |
| Amounts payable | 17/49 | €32,528 | €4,801 | -€27,727 | -85.2% |
| Amounts payable within one year | 42/48 | €32,528 | €4,801 | -€27,727 | -85.2% |
| Trade debts | 44 | €25,231 | €1,875 | -€23,357 | -92.6% |
| Suppliers | 440/4 | €25,231 | €1,875 | -€23,357 | -92.6% |
| Taxes, remuneration and social security | 45 | €2,363 | €171 | -€2,192 | -92.8% |
| Taxes | 450/3 | €2,363 | €171 | -€2,192 | -92.8% |
| Other amounts payable | 47/48 | €4,933 | €2,755 | -€2,179 | -44.2% |
| Non-recurring operating income | 76A | - | €2,066 | +€2,066 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €800 | €435 | -€365 | -45.6% |
| Other operating charges | 640/8 | €440 | €822 | +€382 | +86.8% |
| Gross operating margin | 9900 | -€18,794 | -€1,162 | +€17,632 | +93.8% |
| Operating profit (loss) | 9901 | -€20,034 | -€2,419 | +€17,615 | +87.9% |
| Financial income | 75/76B | €40 | €28 | -€12 | -29.2% |
| Recurring financial income | 75 | €40 | €28 | -€12 | -29.2% |
| Financial charges | 65/66B | €791 | €238 | -€552 | -69.8% |
| Recurring financial charges | 65 | €791 | €238 | -€552 | -69.8% |
| Profit (loss) for the period before taxes | 9903 | -€20,785 | -€2,630 | +€18,155 | +87.3% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€20,785 | -€2,630 | +€18,155 | +87.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,785 | -€2,630 | +€18,155 | +87.3% |
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 30 October 2026 via checked.be.