STEK: 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.
STEK
Largest movements
- Cash +€41,772
up €41,772 (+80.9%), from €51,632 to €93,405
mainly Net result for the year (+€26,482) and Other debts (+€25,413)
- Receivables within one year -€12,469
down €12,469 (-47.8%), from €26,100 to €13,630
of which Trade receivables: -€12,469
- Tangible fixed assets -€11,353
down €11,353 (-18.7%), from €60,861 to €49,509
of which Furniture and vehicles: -€12,227
- Other debts +€25,413
up €25,413 (+1299.8%), from €1,955 to €27,369
- Debts after one year -€9,788
down €9,788 (-32.0%), from €30,604 to €20,816
- Tax, wage and social debts +€2,237
up €2,237 (+56.5%), from €3,960 to €6,197
of which Taxes: +€1,655
- Depreciation +€11,800
up €11,800 (+1281.4%), from €921 to €12,721
- Taxes -€4,644
down €4,644 (-30.2%), from €15,400 to €10,755
- Gross operating margin -€4,407
down €4,407 (-7.7%), from €56,929 to €52,522
- Financial charges +€1,444
up €1,444 (+1104.5%), from €131 to €1,575
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 | €140,222 | €158,101 | +€17,878 | +12.7% |
| Fixed assets | 21/28 | €60,861 | €49,509 | -€11,353 | -18.7% |
| Tangible fixed assets | 22/27 | €60,861 | €49,509 | -€11,353 | -18.7% |
| Plant, machinery and equipment | 23 | €0 | €874 | +€874 | |
| Furniture and vehicles | 24 | €60,861 | €48,635 | -€12,227 | -20.1% |
| Current assets | 29/58 | €79,361 | €108,592 | +€29,231 | +36.8% |
| Amounts receivable within one year | 40/41 | €26,100 | €13,630 | -€12,469 | -47.8% |
| Trade receivables | 40 | €26,100 | €13,630 | -€12,469 | -47.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €51,632 | €93,405 | +€41,772 | +80.9% |
| Deferred charges and accrued income | 490/1 | €1,629 | €1,557 | -€72 | -4.4% |
| Total equity and liabilities | 10/49 | €140,222 | €158,101 | +€17,878 | +12.7% |
| Equity | 10/15 | €92,937 | €93,629 | +€693 | +0.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €87,937 | €88,629 | +€693 | +0.8% |
| Distributable reserves | 133 | €87,937 | €88,629 | +€693 | +0.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €47,286 | €64,471 | +€17,186 | +36.3% |
| Amounts payable after more than one year | 17 | €30,604 | €20,816 | -€9,788 | -32.0% |
| Financial debts | 170/4 | €30,604 | €20,816 | -€9,788 | -32.0% |
| Amounts payable within one year | 42/48 | €16,682 | €43,655 | +€26,973 | +161.7% |
| Current portion of amounts payable after more than one year | 42 | €9,396 | €9,788 | +€392 | +4.2% |
| Financial debts | 43 | €4 | €5 | +€0 | +8.5% |
| Credit institutions | 430/8 | €4 | €0 | -€4 | -100.0% |
| Other loans | 439 | - | €5 | +€5 | |
| Trade debts | 44 | €1,366 | €297 | -€1,069 | -78.3% |
| Suppliers | 440/4 | €1,366 | €297 | -€1,069 | -78.3% |
| Taxes, remuneration and social security | 45 | €3,960 | €6,197 | +€2,237 | +56.5% |
| Taxes | 450/3 | €3,960 | €5,615 | +€1,655 | +41.8% |
| Remuneration and social security | 454/9 | - | €582 | +€582 | |
| Other amounts payable | 47/48 | €1,955 | €27,369 | +€25,413 | +1299.8% |
| Non-recurring operating income | 76A | €6,663 | €0 | -€6,663 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €921 | €12,721 | +€11,800 | +1281.4% |
| Other operating charges | 640/8 | €598 | €1,096 | +€498 | +83.4% |
| Gross operating margin | 9900 | €56,929 | €52,522 | -€4,407 | -7.7% |
| Operating profit (loss) | 9901 | €55,411 | €38,705 | -€16,706 | -30.1% |
| Financial income | 75/76B | €0 | €108 | +€108 | |
| Recurring financial income | 75 | €0 | €108 | +€108 | |
| Financial charges | 65/66B | €131 | €1,575 | +€1,444 | +1104.5% |
| Recurring financial charges | 65 | €131 | €1,575 | +€1,444 | +1104.5% |
| Profit (loss) for the period before taxes | 9903 | €55,280 | €37,237 | -€18,043 | -32.6% |
| Income taxes | 67/77 | €15,400 | €10,755 | -€4,644 | -30.2% |
| Profit (loss) for the period | 9904 | €39,880 | €26,482 | -€13,398 | -33.6% |
| Profit (loss) for the period to be appropriated | 9905 | €39,880 | €26,482 | -€13,398 | -33.6% |
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 9 October 2026 via checked.be.