STEK.: 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.
STEK.
Largest movements
- Cash -€33,889
down €33,889 (-28.6%), from €118,518 to €84,629
mainly Contributions, distributions and other (-€65,879) and Debts after one year (-€12,518)
- Tangible fixed assets -€12,178
down €12,178 (-6.4%), from €189,553 to €177,376
of which Land and buildings: -€12,034
- Receivables within one year -€6,568
down €6,568 (-18.8%), from €34,983 to €28,415
of which Trade receivables: -€14,317
- Reserves -€47,662
down €47,662 (-34.9%), from €136,573 to €88,911
- Other debts +€19,661
up €19,661 (+189.5%), from €10,377 to €30,037
- Debts after one year -€12,518
down €12,518 (-8.8%), from €141,514 to €128,996
- Tax, wage and social debts -€8,194
down €8,194 (-84.7%), from €9,679 to €1,486
of which Taxes: -€8,194
- Gross operating margin -€35,396
down €35,396 (-44.1%), from €80,212 to €44,816
- Taxes -€5,762
down €5,762 (-46.5%), from €12,394 to €6,633
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 | €348,321 | €296,214 | -€52,107 | -15.0% |
| Fixed assets | 21/28 | €189,873 | €177,696 | -€12,178 | -6.4% |
| Tangible fixed assets | 22/27 | €189,553 | €177,376 | -€12,178 | -6.4% |
| Land and buildings | 22 | €186,163 | €174,129 | -€12,034 | -6.5% |
| Furniture and vehicles | 24 | €1,416 | €1,749 | +€333 | +23.5% |
| Other tangible fixed assets | 26 | €1,975 | €1,498 | -€477 | -24.2% |
| Financial fixed assets | 28 | €320 | €320 | = | 0.0% |
| Current assets | 29/58 | €158,448 | €118,519 | -€39,929 | -25.2% |
| Amounts receivable within one year | 40/41 | €34,983 | €28,415 | -€6,568 | -18.8% |
| Trade receivables | 40 | €34,363 | €20,046 | -€14,317 | -41.7% |
| Other amounts receivable | 41 | €620 | €8,369 | +€7,749 | +1250.6% |
| Cash at bank and in hand | 54/58 | €118,518 | €84,629 | -€33,889 | -28.6% |
| Deferred charges and accrued income | 490/1 | €4,947 | €5,475 | +€527 | +10.7% |
| Total equity and liabilities | 10/49 | €348,321 | €296,214 | -€52,107 | -15.0% |
| Equity | 10/15 | €161,573 | €113,911 | -€47,662 | -29.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €136,573 | €88,911 | -€47,662 | -34.9% |
| Distributable reserves | 133 | €136,573 | €88,911 | -€47,662 | -34.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €186,748 | €182,303 | -€4,445 | -2.4% |
| Amounts payable after more than one year | 17 | €141,514 | €128,996 | -€12,518 | -8.8% |
| Financial debts | 170/4 | €141,514 | €128,996 | -€12,518 | -8.8% |
| Amounts payable within one year | 42/48 | €43,769 | €52,469 | +€8,700 | +19.9% |
| Current portion of amounts payable after more than one year | 42 | €12,334 | €12,518 | +€184 | +1.5% |
| Trade debts | 44 | €11,379 | €8,428 | -€2,951 | -25.9% |
| Suppliers | 440/4 | €11,379 | €8,428 | -€2,951 | -25.9% |
| Taxes, remuneration and social security | 45 | €9,679 | €1,486 | -€8,194 | -84.7% |
| Taxes | 450/3 | €9,679 | €1,486 | -€8,194 | -84.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €10,377 | €30,037 | +€19,661 | +189.5% |
| Accrued charges and deferred income | 492/3 | €1,465 | €838 | -€627 | -42.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,502 | €13,681 | +€179 | +1.3% |
| Other operating charges | 640/8 | €2,487 | €2,896 | +€410 | +16.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €80,212 | €44,816 | -€35,396 | -44.1% |
| Operating profit (loss) | 9901 | €64,223 | €28,239 | -€35,984 | -56.0% |
| Financial income | 75/76B | €3 | €0 | -€3 | -97.4% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -97.4% |
| Financial charges | 65/66B | €4,169 | €3,390 | -€779 | -18.7% |
| Recurring financial charges | 65 | €4,169 | €3,390 | -€779 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €60,057 | €24,849 | -€35,207 | -58.6% |
| Income taxes | 67/77 | €12,394 | €6,633 | -€5,762 | -46.5% |
| Profit (loss) for the period | 9904 | €47,662 | €18,217 | -€29,446 | -61.8% |
| Profit (loss) for the period to be appropriated | 9905 | €47,662 | €18,217 | -€29,446 | -61.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.