SteHa Consulting: 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.
SteHa Consulting
Largest movements
- Cash +€68,744
up €68,744 (+81.2%), from €84,614 to €153,359
mainly Net result for the year (+€72,657) and Receivables within one year (+€6,943)
- Receivables within one year -€6,943
down €6,943 (-37.0%), from €18,779 to €11,835
of which Trade receivables: -€7,643
- Current investments +€6,700
up €6,700 (+156.0%), from €4,294 to €10,994
- Deferred charges and accrued income +€3,312
up €3,312 (+163.8%), from €2,023 to €5,335
- Reserves +€72,657
up €72,657 (+70.1%), from €103,672 to €176,329
- Tax, wage and social debts -€1,925
down €1,925 (-67.4%), from €2,854 to €929
- Gross operating margin +€19,735
up €19,735 (+27.3%), from €72,377 to €92,112
- Taxes +€4,561
up €4,561 (+32.1%), from €14,212 to €18,774
- Financial income +€2,634
up €2,634 (+2414.9%), from €109 to €2,743
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 | €112,153 | €183,465 | +€71,312 | +63.6% |
| Fixed assets | 21/28 | €2,443 | €1,942 | -€501 | -20.5% |
| Tangible fixed assets | 22/27 | €2,128 | €1,627 | -€501 | -23.5% |
| Plant, machinery and equipment | 23 | €2,128 | €1,627 | -€501 | -23.5% |
| Financial fixed assets | 28 | €315 | €315 | = | 0.0% |
| Current assets | 29/58 | €109,710 | €181,523 | +€71,813 | +65.5% |
| Amounts receivable within one year | 40/41 | €18,779 | €11,835 | -€6,943 | -37.0% |
| Trade receivables | 40 | €18,448 | €10,806 | -€7,643 | -41.4% |
| Other amounts receivable | 41 | €330 | €1,029 | +€699 | +211.8% |
| Current investments | 50/53 | €4,294 | €10,994 | +€6,700 | +156.0% |
| Cash at bank and in hand | 54/58 | €84,614 | €153,359 | +€68,744 | +81.2% |
| Deferred charges and accrued income | 490/1 | €2,023 | €5,335 | +€3,312 | +163.8% |
| Total equity and liabilities | 10/49 | €112,153 | €183,465 | +€71,312 | +63.6% |
| Equity | 10/15 | €103,672 | €176,329 | +€72,657 | +70.1% |
| Reserves | 13 | €103,672 | €176,329 | +€72,657 | +70.1% |
| Distributable reserves | 133 | €103,672 | €176,329 | +€72,657 | +70.1% |
| Amounts payable | 17/49 | €8,481 | €7,136 | -€1,345 | -15.9% |
| Amounts payable within one year | 42/48 | €8,435 | €7,136 | -€1,299 | -15.4% |
| Trade debts | 44 | €5,580 | €6,206 | +€626 | +11.2% |
| Suppliers | 440/4 | €5,580 | €6,206 | +€626 | +11.2% |
| Taxes, remuneration and social security | 45 | €2,854 | €929 | -€1,925 | -67.4% |
| Taxes | 450/3 | €2,854 | €929 | -€1,925 | -67.4% |
| Accrued charges and deferred income | 492/3 | €46 | - | -€46 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €376 | €501 | +€125 | +33.3% |
| Other operating charges | 640/8 | €438 | €371 | -€67 | -15.2% |
| Gross operating margin | 9900 | €72,377 | €92,112 | +€19,735 | +27.3% |
| Operating profit (loss) | 9901 | €71,564 | €91,240 | +€19,676 | +27.5% |
| Financial income | 75/76B | €109 | €2,743 | +€2,634 | +2414.9% |
| Recurring financial income | 75 | €109 | €2,743 | +€2,634 | +2414.9% |
| Financial charges | 65/66B | €3,123 | €2,552 | -€570 | -18.3% |
| Recurring financial charges | 65 | €3,123 | €2,552 | -€570 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €68,550 | €91,431 | +€22,881 | +33.4% |
| Income taxes | 67/77 | €14,212 | €18,774 | +€4,561 | +32.1% |
| Profit (loss) for the period | 9904 | €54,338 | €72,657 | +€18,319 | +33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €54,338 | €72,657 | +€18,319 | +33.7% |
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 10 October 2026 via checked.be.