STEIN-TEAM: what changed
Two fiscal 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.
STEIN-TEAM
Largest movements
- Cash +€372,351
up €372,351 (+1905.7%), from €19,539 to €391,890
mainly Net result for the year (+€347,319) and Investment in fixed assets (net) (+€312,890)
- Tangible fixed assets -€339,291
down €339,291 (-76.7%), from €442,321 to €103,030
of which Land and buildings: -€273,405
- Receivables within one year +€94,416
up €94,416 (+252.8%), from €37,352 to €131,768
of which Trade receivables: +€84,440
- Stocks and contracts -€13,353
down €13,353 (-44.1%), from €30,250 to €16,897
- Reserves +€334,319
up €334,319 (+2249.8%), from €14,860 to €349,179
- Debts after one year -€195,810
no longer reported in 2025 (was €195,810)
- Trade debts +€122,860
up €122,860 (+748.4%), from €16,416 to €139,276
- Tax, wage and social debts -€65,732
down €65,732 (-91.4%), from €71,908 to €6,176
of which Taxes: -€52,903
- Current portion of long-term debt -€60,505
no longer reported in 2025 (was €60,505)
- Gross operating margin +€486,509
up €486,509 (+358.5%), from €135,708 to €622,217
- Taxes +€130,024
new in 2025: €130,024
- Financial income +€23,566
up €23,566 (+414.8%), from €5,681 to €29,248
- Depreciation -€18,191
down €18,191 (-41.0%), from €44,393 to €26,202
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 | €538,879 | €651,140 | +€112,262 | +20.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €449,470 | €110,378 | -€339,091 | -75.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €442,321 | €103,030 | -€339,291 | -76.7% |
| Land and buildings | 22 | €273,405 | - | -€273,405 | |
| Plant, machinery and equipment | 23 | €70,195 | €91,155 | +€20,960 | +29.9% |
| Furniture and vehicles | 24 | €17,475 | €11,875 | -€5,600 | -32.0% |
| Leasing and similar rights | 25 | €81,246 | - | -€81,246 | |
| Financial fixed assets | 28 | €7,149 | €7,349 | +€200 | +2.8% |
| Current assets | 29/58 | €89,409 | €540,762 | +€451,353 | +504.8% |
| Stocks and contracts in progress | 3 | €30,250 | €16,897 | -€13,353 | -44.1% |
| Stocks | 30/36 | €30,250 | €16,897 | -€13,353 | -44.1% |
| Amounts receivable within one year | 40/41 | €37,352 | €131,768 | +€94,416 | +252.8% |
| Trade receivables | 40 | €37,352 | €121,792 | +€84,440 | +226.1% |
| Other amounts receivable | 41 | - | €9,976 | +€9,976 | |
| Cash at bank and in hand | 54/58 | €19,539 | €391,890 | +€372,351 | +1905.7% |
| Deferred charges and accrued income | 490/1 | €2,268 | €207 | -€2,061 | -90.9% |
| Total equity and liabilities | 10/49 | €538,879 | €651,140 | +€112,262 | +20.8% |
| Equity | 10/15 | €148,400 | €455,568 | +€307,168 | +207.0% |
| Contributions | 10/11 | €53,600 | €53,600 | = | 0.0% |
| Reserves | 13 | €14,860 | €349,179 | +€334,319 | +2249.8% |
| Distributable reserves | 133 | €14,860 | €349,179 | +€334,319 | +2249.8% |
| Profit (loss) carried forward | 14 | €53,622 | €52,789 | -€833 | -1.6% |
| Investment grants | 15 | €26,318 | - | -€26,318 | |
| Amounts payable | 17/49 | €390,479 | €195,573 | -€194,906 | -49.9% |
| Amounts payable after more than one year | 17 | €195,810 | - | -€195,810 | |
| Financial debts | 170/4 | €195,810 | - | -€195,810 | |
| Amounts payable within one year | 42/48 | €194,669 | €195,573 | +€904 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €60,505 | - | -€60,505 | |
| Financial debts | 43 | €11,700 | - | -€11,700 | |
| Credit institutions | 430/8 | €11,700 | - | -€11,700 | |
| Trade debts | 44 | €16,416 | €139,276 | +€122,860 | +748.4% |
| Suppliers | 440/4 | €16,416 | €139,276 | +€122,860 | +748.4% |
| Taxes, remuneration and social security | 45 | €71,908 | €6,176 | -€65,732 | -91.4% |
| Taxes | 450/3 | €59,078 | €6,176 | -€52,903 | -89.5% |
| Remuneration and social security | 454/9 | €12,829 | - | -€12,829 | |
| Other amounts payable | 47/48 | €34,140 | €50,121 | +€15,981 | +46.8% |
| Non-recurring operating income | 76A | €2,000 | €541,595 | +€539,595 | +26979.7% |
| Remuneration, social security and pensions | 62 | €61,754 | €58,929 | -€2,825 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,393 | €26,202 | -€18,191 | -41.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,824 | €150 | -€5,674 | -97.4% |
| Other operating charges | 640/8 | €7,828 | €11,935 | +€4,107 | +52.5% |
| Non-recurring operating charges | 66A | - | €52,646 | +€52,646 | |
| Gross operating margin | 9900 | €135,708 | €622,217 | +€486,509 | +358.5% |
| Operating profit (loss) | 9901 | €15,908 | €472,355 | +€456,447 | +2869.3% |
| Financial income | 75/76B | €5,681 | €29,248 | +€23,566 | +414.8% |
| Recurring financial income | 75 | €5,681 | €29,248 | +€23,566 | +414.8% |
| Financial charges | 65/66B | €28,763 | €24,260 | -€4,504 | -15.7% |
| Recurring financial charges | 65 | €28,763 | €24,260 | -€4,504 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,174 | €477,343 | +€484,517 | |
| Income taxes | 67/77 | - | €130,024 | +€130,024 | |
| Profit (loss) for the period | 9904 | -€7,174 | €347,319 | +€354,493 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,174 | €347,319 | +€354,493 |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.