STEJO: 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.
STEJO
Largest movements
- Tangible fixed assets -€65,646
down €65,646 (-8.2%), from €796,209 to €730,563
of which Plant, machinery and equipment: -€49,732
- Cash -€9,311
down €9,311 (-79.1%), from €11,769 to €2,458
mainly Debts after one year (-€48,266) and Net result for the year (-€32,712)
- Debts after one year -€48,266
down €48,266 (-9.1%), from €528,636 to €480,370
- Profit (loss) carried forward -€32,712
down €32,712 (-7.3%), from -€450,465 to -€483,176
- Short-term financial debts +€16,799
up €16,799 (+59.2%), from €28,362 to €45,161
- Other debts +€12,598
up €12,598 (+2.4%), from €522,554 to €535,152
- Gross operating margin +€18,004
up €18,004 (+27.2%), from €66,111 to €84,114
- Financial charges -€9,038
down €9,038 (-34.7%), from €26,031 to €16,993
- Other operating charges -€2,713
down €2,713 (-47.1%), from €5,764 to €3,051
- Staff costs +€1,583
up €1,583 (+4.3%), from €37,043 to €38,626
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 | €849,091 | €775,894 | -€73,197 | -8.6% |
| Fixed assets | 21/28 | €803,172 | €737,526 | -€65,646 | -8.2% |
| Tangible fixed assets | 22/27 | €796,209 | €730,563 | -€65,646 | -8.2% |
| Land and buildings | 22 | €518,858 | €503,865 | -€14,993 | -2.9% |
| Plant, machinery and equipment | 23 | €275,089 | €225,357 | -€49,732 | -18.1% |
| Other tangible fixed assets | 26 | €2,262 | €1,341 | -€921 | -40.7% |
| Financial fixed assets | 28 | €6,963 | €6,963 | = | 0.0% |
| Current assets | 29/58 | €45,920 | €38,368 | -€7,552 | -16.4% |
| Stocks and contracts in progress | 3 | €2,097 | €2,221 | +€124 | +5.9% |
| Stocks | 30/36 | €2,097 | €2,221 | +€124 | +5.9% |
| Amounts receivable within one year | 40/41 | €28,573 | €30,209 | +€1,636 | +5.7% |
| Trade receivables | 40 | €1,306 | €1,306 | = | 0.0% |
| Other amounts receivable | 41 | €27,268 | €28,903 | +€1,636 | +6.0% |
| Cash at bank and in hand | 54/58 | €11,769 | €2,458 | -€9,311 | -79.1% |
| Deferred charges and accrued income | 490/1 | €3,480 | €3,480 | = | 0.0% |
| Total equity and liabilities | 10/49 | €849,091 | €775,894 | -€73,197 | -8.6% |
| Equity | 10/15 | -€363,730 | -€403,931 | -€40,201 | -11.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€450,465 | -€483,176 | -€32,712 | -7.3% |
| Investment grants | 15 | €36,735 | €29,245 | -€7,489 | -20.4% |
| Amounts payable | 17/49 | €1,212,821 | €1,179,825 | -€32,996 | -2.7% |
| Amounts payable after more than one year | 17 | €528,636 | €480,370 | -€48,266 | -9.1% |
| Financial debts | 170/4 | €528,636 | €480,370 | -€48,266 | -9.1% |
| Amounts payable within one year | 42/48 | €679,876 | €699,455 | +€19,579 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €52,721 | €52,358 | -€363 | -0.7% |
| Financial debts | 43 | €28,362 | €45,161 | +€16,799 | +59.2% |
| Credit institutions | 430/8 | €28,362 | €45,161 | +€16,799 | +59.2% |
| Trade debts | 44 | €68,581 | €62,469 | -€6,112 | -8.9% |
| Suppliers | 440/4 | €68,581 | €62,469 | -€6,112 | -8.9% |
| Taxes, remuneration and social security | 45 | €7,658 | €4,314 | -€3,344 | -43.7% |
| Taxes | 450/3 | €6,785 | €4,245 | -€2,541 | -37.4% |
| Remuneration and social security | 454/9 | €872 | €70 | -€803 | -92.0% |
| Other amounts payable | 47/48 | €522,554 | €535,152 | +€12,598 | +2.4% |
| Accrued charges and deferred income | 492/3 | €4,309 | - | -€4,309 | |
| Remuneration, social security and pensions | 62 | €37,043 | €38,626 | +€1,583 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,646 | €65,646 | = | 0.0% |
| Other operating charges | 640/8 | €5,764 | €3,051 | -€2,713 | -47.1% |
| Gross operating margin | 9900 | €66,111 | €84,114 | +€18,004 | +27.2% |
| Operating profit (loss) | 9901 | -€42,343 | -€23,208 | +€19,134 | +45.2% |
| Financial income | 75/76B | €8,183 | €7,489 | -€694 | -8.5% |
| Recurring financial income | 75 | €8,183 | €7,489 | -€694 | -8.5% |
| Financial charges | 65/66B | €26,031 | €16,993 | -€9,038 | -34.7% |
| Recurring financial charges | 65 | €26,031 | €16,993 | -€9,038 | -34.7% |
| Profit (loss) for the period before taxes | 9903 | -€60,190 | -€32,712 | +€27,478 | +45.7% |
| Profit (loss) for the period | 9904 | -€60,190 | -€32,712 | +€27,478 | +45.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€60,190 | -€32,712 | +€27,478 | +45.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.