STEJO: what changed
What changed
STEJO
NACE 43.130, Specialised construction activities
filed annual accounts (NBB)
Net result for the year
€39,188
2024 · €70,294-€31,106
Equity
€234,849
2024 · €195,661+€39,188
Cash
€57,006
2024 · €63,697-€6,692
Balance sheet total
€580,796
2024 · €552,028+€28,768
Largest movements
Assets
- Tangible fixed assets +€40,206
up €40,206 (+418%), from €9,609 to €49,815
- Cash -€6,692
down €6,692 (-10.5%), from €63,697 to €57,006
mainly Investment in fixed assets (net) (-€46,840) and Other debts (-€20,973)
Equity and liabilities
- Reserves +€39,000
up €39,000 (+20.6%), from €189,166 to €228,166
- Other debts -€20,973
down €20,973 (-17.9%), from €117,047 to €96,075
- Current portion of long-term debt +€9,718
up €9,718 (+28.0%), from €34,756 to €44,474
Income statement
- Financial income -€37,675
down €37,675 (-99.8%), from €37,752 to €77
of which Non-recurring financial income: -€37,500
- Gross operating margin +€4,833
up €4,833 (+6.9%), from €70,104 to €74,937
- Depreciation -€2,619
down €2,619 (-28.3%), from €9,253 to €6,634
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€70,294
Gross operating margin
+€4,833
Depreciation
+€2,619
Other operating charges
-€696
Financial income
-€37,675
Financial charges
+€197
Taxes
-€385
Result 2025
€39,188
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€28,046
Investment
-€46,840
Financing
+€12,103
Cash 2024
€63,697
From operations (derived)
+€28,046
Net result for the year
+€39,188
Depreciation
+€6,634
Receivables after one year
+€3,600
Receivables within one year
+€1,018
Deferred charges and accrued income
+€129
Trade debts
+€794
Tax, wage and social debts
-€4,432
Other debts
-€20,973
Accrued charges and deferred income
+€2,088
Investment (derived)
-€46,840
Investment in fixed assets (net)
-€46,840
Financing
+€12,103
Debts after one year
+€2,385
Current portion of long-term debt
+€9,718
Cash 2025
€57,006
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €552,028 | €580,796 | +€28,768 | +5.2% |
| Fixed assets | 21/28 | €459,609 | €499,815 | +€40,206 | +8.7% |
| Tangible fixed assets | 22/27 | €9,609 | €49,815 | +€40,206 | +418% |
| Furniture and vehicles | 24 | €9,609 | €49,815 | +€40,206 | +418% |
| Financial fixed assets | 28 | €450,000 | €450,000 | = | 0.0% |
| Current assets | 29/58 | €92,419 | €80,981 | -€11,438 | -12.4% |
| Amounts receivable after more than one year | 29 | €15,499 | €11,899 | -€3,600 | -23.2% |
| Other amounts receivable | 291 | €15,499 | €11,899 | -€3,600 | -23.2% |
| Amounts receivable within one year | 40/41 | €13,095 | €12,077 | -€1,018 | -7.8% |
| Trade receivables | 40 | €10,890 | €10,890 | = | 0.0% |
| Other amounts receivable | 41 | €2,205 | €1,187 | -€1,018 | -46.2% |
| Cash at bank and in hand | 54/58 | €63,697 | €57,006 | -€6,692 | -10.5% |
| Deferred charges and accrued income | 490/1 | €129 | - | -€129 | |
| Total equity and liabilities | 10/49 | €552,028 | €580,796 | +€28,768 | +5.2% |
| Equity | 10/15 | €195,661 | €234,849 | +€39,188 | +20.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €189,166 | €228,166 | +€39,000 | +20.6% |
| Distributable reserves | 133 | €189,166 | €228,166 | +€39,000 | +20.6% |
| Profit (loss) carried forward | 14 | €294 | €483 | +€188 | +63.9% |
| Amounts payable | 17/49 | €356,368 | €345,947 | -€10,420 | -2.9% |
| Amounts payable after more than one year | 17 | €183,220 | €185,604 | +€2,385 | +1.3% |
| Financial debts | 170/4 | €183,220 | €185,604 | +€2,385 | +1.3% |
| Amounts payable within one year | 42/48 | €168,560 | €153,667 | -€14,893 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €34,756 | €44,474 | +€9,718 | +28.0% |
| Trade debts | 44 | €272 | €1,066 | +€794 | +292% |
| Suppliers | 440/4 | €272 | €1,066 | +€794 | +292% |
| Taxes, remuneration and social security | 45 | €16,485 | €12,053 | -€4,432 | -26.9% |
| Taxes | 450/3 | €16,485 | €12,053 | -€4,432 | -26.9% |
| Other amounts payable | 47/48 | €117,047 | €96,075 | -€20,973 | -17.9% |
| Accrued charges and deferred income | 492/3 | €4,588 | €6,676 | +€2,088 | +45.5% |
| Non-recurring operating income | 76A | - | €8,241 | +€8,241 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,253 | €6,634 | -€2,619 | -28.3% |
| Other operating charges | 640/8 | €976 | €1,672 | +€696 | +71.3% |
| Gross operating margin | 9900 | €70,104 | €74,937 | +€4,833 | +6.9% |
| Operating profit (loss) | 9901 | €59,875 | €66,631 | +€6,756 | +11.3% |
| Financial income | 75/76B | €37,752 | €77 | -€37,675 | -99.8% |
| Recurring financial income | 75 | €252 | €77 | -€175 | -69.4% |
| Non-recurring financial income | 76B | €37,500 | - | -€37,500 | |
| Financial charges | 65/66B | €5,544 | €5,347 | -€197 | -3.6% |
| Recurring financial charges | 65 | €5,544 | €5,347 | -€197 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €92,082 | €61,361 | -€30,721 | -33.4% |
| Income taxes | 67/77 | €21,788 | €22,173 | +€385 | +1.8% |
| Profit (loss) for the period | 9904 | €70,294 | €39,188 | -€31,106 | -44.3% |
| Profit (loss) for the period to be appropriated | 9905 | €70,294 | €39,188 | -€31,106 | -44.3% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.