STEJO: 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.
STEJO
Largest movements
- Tangible fixed assets -€22,420
down €22,420 (-25.0%), from €89,681 to €67,261
- Receivables within one year -€16,909
down €16,909 (-30.9%), from €54,657 to €37,748
of which Trade receivables: -€22,865
- Cash +€15,215
up €15,215 (+159.6%), from €9,533 to €24,747
mainly Tax, wage and social debts (+€27,507) and Depreciation (+€22,420)
- Deferred charges and accrued income +€2,683
up €2,683 (+197.1%), from €1,362 to €4,045
- Debts after one year -€29,086
down €29,086 (-69.3%), from €41,992 to €12,906
- Tax, wage and social debts +€27,507
up €27,507 (+195.7%), from €14,054 to €41,561
of which Remuneration and social security: +€24,750
- Other debts -€25,151
down €25,151 (-55.0%), from €45,708 to €20,557
- Trade debts +€4,173
up €4,173 (+304.0%), from €1,373 to €5,546
- Gross operating margin -€24,106
down €24,106 (-43.6%), from €55,267 to €31,162
- Taxes -€3,395
down €3,395 (-59.6%), from €5,693 to €2,298
- Financial charges -€891
down €891 (-23.5%), from €3,789 to €2,899
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 | €155,232 | €133,802 | -€21,431 | -13.8% |
| Fixed assets | 21/28 | €89,681 | €67,261 | -€22,420 | -25.0% |
| Tangible fixed assets | 22/27 | €89,681 | €67,261 | -€22,420 | -25.0% |
| Leasing and similar rights | 25 | €89,681 | €67,261 | -€22,420 | -25.0% |
| Current assets | 29/58 | €65,551 | €66,540 | +€990 | +1.5% |
| Amounts receivable within one year | 40/41 | €54,657 | €37,748 | -€16,909 | -30.9% |
| Trade receivables | 40 | €52,878 | €30,014 | -€22,865 | -43.2% |
| Other amounts receivable | 41 | €1,778 | €7,734 | +€5,956 | +335.0% |
| Cash at bank and in hand | 54/58 | €9,533 | €24,747 | +€15,215 | +159.6% |
| Deferred charges and accrued income | 490/1 | €1,362 | €4,045 | +€2,683 | +197.1% |
| Total equity and liabilities | 10/49 | €155,232 | €133,802 | -€21,431 | -13.8% |
| Equity | 10/15 | €24,167 | €24,145 | -€21 | -0.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,167 | €21,145 | -€21 | -0.1% |
| Amounts payable | 17/49 | €131,066 | €109,656 | -€21,410 | -16.3% |
| Amounts payable after more than one year | 17 | €41,992 | €12,906 | -€29,086 | -69.3% |
| Financial debts | 170/4 | €41,992 | €12,906 | -€29,086 | -69.3% |
| Amounts payable within one year | 42/48 | €89,074 | €96,750 | +€7,676 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €27,939 | €29,086 | +€1,148 | +4.1% |
| Trade debts | 44 | €1,373 | €5,546 | +€4,173 | +304.0% |
| Suppliers | 440/4 | €1,373 | €5,546 | +€4,173 | +304.0% |
| Taxes, remuneration and social security | 45 | €14,054 | €41,561 | +€27,507 | +195.7% |
| Taxes | 450/3 | €5,054 | €7,811 | +€2,757 | +54.5% |
| Remuneration and social security | 454/9 | €9,000 | €33,750 | +€24,750 | +275.0% |
| Other amounts payable | 47/48 | €45,708 | €20,557 | -€25,151 | -55.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,420 | €22,420 | = | 0.0% |
| Other operating charges | 640/8 | €3,123 | €3,566 | +€443 | +14.2% |
| Gross operating margin | 9900 | €55,267 | €31,162 | -€24,106 | -43.6% |
| Operating profit (loss) | 9901 | €29,724 | €5,175 | -€24,549 | -82.6% |
| Financial income | 75/76B | €42 | €1 | -€41 | -97.5% |
| Recurring financial income | 75 | €42 | €1 | -€41 | -97.5% |
| Financial charges | 65/66B | €3,789 | €2,899 | -€891 | -23.5% |
| Recurring financial charges | 65 | €3,789 | €2,899 | -€891 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €25,977 | €2,277 | -€23,700 | -91.2% |
| Income taxes | 67/77 | €5,693 | €2,298 | -€3,395 | -59.6% |
| Profit (loss) for the period | 9904 | €20,284 | -€21 | -€20,305 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,284 | -€21 | -€20,305 |
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 7 October 2026 via checked.be.