STEJAS INVEST: 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.
STEJAS INVEST
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m (+212%), from €520,359 to €1.6m
- Receivables within one year -€90,000
down €90,000 (-100%), from €90,000 to €0
- Debts after one year +€877,579
up €877,579 (+289%), from €303,901 to €1.2m
- Profit (loss) carried forward +€279,805
up €279,805, from -€148,873 to €130,932
- Short-term financial debts -€250,000
down €250,000 (-100%), from €250,000 to €0
- Reserves +€75,000
new in 2025: €75,000
- Current portion of long-term debt +€61,103
up €61,103 (+105%), from €58,240 to €119,343
- Gross operating margin +€461,383
up €461,383 (+828%), from €55,699 to €517,082
- Taxes +€59,787
new in 2025: €59,787
- Financial charges +€44,824
up €44,824 (+331%), from €13,547 to €58,370
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 | €622,807 | €1,648,573 | +€1.0m | +165% |
| Fixed assets | 21/28 | €520,359 | €1,622,822 | +€1.1m | +212% |
| Tangible fixed assets | 22/27 | €520,359 | €1,622,822 | +€1.1m | +212% |
| Land and buildings | 22 | €520,359 | €1,622,822 | +€1.1m | +212% |
| Current assets | 29/58 | €102,449 | €25,750 | -€76,698 | -74.9% |
| Amounts receivable within one year | 40/41 | €90,000 | €0 | -€90,000 | -100% |
| Trade receivables | 40 | €90,000 | €0 | -€90,000 | -100% |
| Cash at bank and in hand | 54/58 | €11,608 | €25,750 | +€14,143 | +122% |
| Deferred charges and accrued income | 490/1 | €841 | €0 | -€841 | -100% |
| Total equity and liabilities | 10/49 | €622,807 | €1,648,573 | +€1.0m | +165% |
| Equity | 10/15 | -€118,873 | €235,932 | +€354,805 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | - | €75,000 | +€75,000 | |
| Distributable reserves | 133 | - | €75,000 | +€75,000 | |
| Profit (loss) carried forward | 14 | -€148,873 | €130,932 | +€279,805 | |
| Amounts payable | 17/49 | €741,680 | €1,412,641 | +€670,961 | +90.5% |
| Amounts payable after more than one year | 17 | €303,901 | €1,181,480 | +€877,579 | +289% |
| Financial debts | 170/4 | €303,901 | €1,181,480 | +€877,579 | +289% |
| Amounts payable within one year | 42/48 | €437,780 | €231,161 | -€206,619 | -47.2% |
| Current portion of amounts payable after more than one year | 42 | €58,240 | €119,343 | +€61,103 | +105% |
| Financial debts | 43 | €250,000 | €0 | -€250,000 | -100% |
| Credit institutions | 430/8 | €250,000 | €0 | -€250,000 | -100% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | - | €6,818 | +€6,818 | |
| Taxes | 450/3 | - | €6,818 | +€6,818 | |
| Other amounts payable | 47/48 | €129,540 | €105,000 | -€24,540 | -18.9% |
| Non-recurring operating income | 76A | - | €526,066 | +€526,066 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,453 | €38,095 | -€358 | -0.9% |
| Other operating charges | 640/8 | €2,900 | €7,454 | +€4,554 | +157% |
| Gross operating margin | 9900 | €55,699 | €517,082 | +€461,383 | +828% |
| Operating profit (loss) | 9901 | €14,346 | €471,533 | +€457,187 | +3,187% |
| Financial income | 75/76B | €0 | €1,428 | +€1,428 | |
| Recurring financial income | 75 | €0 | €1,428 | +€1,428 | |
| Financial charges | 65/66B | €13,547 | €58,370 | +€44,824 | +331% |
| Recurring financial charges | 65 | €13,547 | €58,370 | +€44,824 | +331% |
| Profit (loss) for the period before taxes | 9903 | €800 | €414,591 | +€413,792 | +51,734% |
| Income taxes | 67/77 | - | €59,787 | +€59,787 | |
| Profit (loss) for the period | 9904 | €800 | €354,805 | +€354,005 | +44,259% |
| Profit (loss) for the period to be appropriated | 9905 | €800 | €354,805 | +€354,005 | +44,259% |
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 18 October 2026 via checked.be.