STEILO: 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.
STEILO
Largest movements
- Cash +€48,597
up €48,597 (+44.7%), from €108,728 to €157,325
mainly Net result for the year (+€42,946) and Receivables within one year (+€20,203)
- Receivables within one year -€20,203
down €20,203 (-75.6%), from €26,723 to €6,519
of which Trade receivables: -€20,219
- Tangible fixed assets +€5,817
up €5,817 (+78.0%), from €7,462 to €13,280
of which Land and buildings: +€9,643
- Reserves +€44,000
up €44,000 (+46.3%), from €95,000 to €139,000
- Tax, wage and social debts -€8,566
down €8,566 (-19.2%), from €44,662 to €36,096
of which Taxes: -€8,566
- Gross operating margin -€60,315
down €60,315 (-50.7%), from €118,937 to €58,621
- Taxes -€16,187
down €16,187 (-62.8%), from €25,789 to €9,602
- Depreciation +€5,262
up €5,262 (+1709.9%), from €308 to €5,570
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 | €142,913 | €177,124 | +€34,211 | +23.9% |
| Fixed assets | 21/28 | €7,462 | €13,280 | +€5,817 | +78.0% |
| Tangible fixed assets | 22/27 | €7,462 | €13,280 | +€5,817 | +78.0% |
| Land and buildings | 22 | - | €9,643 | +€9,643 | |
| Plant, machinery and equipment | 23 | €1,327 | €1,184 | -€144 | -10.8% |
| Furniture and vehicles | 24 | €1,447 | €2,453 | +€1,006 | +69.5% |
| Other tangible fixed assets | 26 | €4,688 | - | -€4,688 | |
| Current assets | 29/58 | €135,451 | €163,844 | +€28,393 | +21.0% |
| Amounts receivable within one year | 40/41 | €26,723 | €6,519 | -€20,203 | -75.6% |
| Trade receivables | 40 | €26,723 | €6,504 | -€20,219 | -75.7% |
| Other amounts receivable | 41 | - | €16 | +€16 | |
| Cash at bank and in hand | 54/58 | €108,728 | €157,325 | +€48,597 | +44.7% |
| Total equity and liabilities | 10/49 | €142,913 | €177,124 | +€34,211 | +23.9% |
| Equity | 10/15 | €96,544 | €139,490 | +€42,946 | +44.5% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €95,000 | €139,000 | +€44,000 | +46.3% |
| Distributable reserves | 133 | €95,000 | €139,000 | +€44,000 | +46.3% |
| Profit (loss) carried forward | 14 | €1,444 | €390 | -€1,054 | -73.0% |
| Amounts payable | 17/49 | €46,369 | €37,634 | -€8,735 | -18.8% |
| Amounts payable within one year | 42/48 | €46,369 | €37,634 | -€8,735 | -18.8% |
| Financial debts | 43 | €988 | - | -€988 | |
| Credit institutions | 430/8 | €988 | - | -€988 | |
| Trade debts | 44 | €719 | €727 | +€8 | +1.2% |
| Suppliers | 440/4 | €719 | €727 | +€8 | +1.2% |
| Taxes, remuneration and social security | 45 | €44,662 | €36,096 | -€8,566 | -19.2% |
| Taxes | 450/3 | €41,162 | €32,596 | -€8,566 | -20.8% |
| Remuneration and social security | 454/9 | €3,500 | €3,500 | = | 0.0% |
| Other amounts payable | 47/48 | - | €810 | +€810 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €308 | €5,570 | +€5,262 | +1709.9% |
| Gross operating margin | 9900 | €118,937 | €58,621 | -€60,315 | -50.7% |
| Operating profit (loss) | 9901 | €118,629 | €53,052 | -€65,577 | -55.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €83 | €504 | +€421 | +507.6% |
| Recurring financial charges | 65 | €83 | €504 | +€421 | +507.6% |
| Profit (loss) for the period before taxes | 9903 | €118,546 | €52,548 | -€65,998 | -55.7% |
| Income taxes | 67/77 | €25,789 | €9,602 | -€16,187 | -62.8% |
| Profit (loss) for the period | 9904 | €92,757 | €42,946 | -€49,811 | -53.7% |
| Profit (loss) for the period to be appropriated | 9905 | €92,757 | €42,946 | -€49,811 | -53.7% |
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 12 October 2026 via checked.be.