STEK BELGIUM: 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 BELGIUM
Largest movements
- Stocks and contracts +€26,907
up €26,907 (+16.8%), from €160,186 to €187,093
- Cash -€19,635
down €19,635 (-43.6%), from €45,036 to €25,401
mainly Stocks and contracts (-€26,907) and Investment in fixed assets (net) (-€14,986)
- Receivables within one year +€12,617
up €12,617 (+49.1%), from €25,696 to €38,313
of which Other amounts receivable: +€13,639
- Trade debts +€24,041
up €24,041 (+533%), from €4,514 to €28,555
- Profit (loss) carried forward +€22,524
up €22,524 (+24.3%), from €92,837 to €115,362
- Debts after one year -€11,997
down €11,997 (-25.6%), from €46,934 to €34,937
- Tax, wage and social debts -€6,994
down €6,994 (-20.4%), from €34,360 to €27,366
- Other debts -€6,626
down €6,626 (-25.9%), from €25,622 to €18,996
- Gross operating margin -€40,567
down €40,567 (-61.7%), from €65,747 to €25,180
- Financial income +€29,567
up €29,567 (+295,670,400%), from €0 to €29,567
- Other operating charges -€6,642
down €6,642 (-73.7%), from €9,014 to €2,373
- Financial charges +€3,860
up €3,860 (+57.0%), from €6,776 to €10,636
- Taxes -€3,138
down €3,138 (-34.8%), from €9,024 to €5,885
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 | €316,344 | €338,905 | +€22,561 | +7.1% |
| Fixed assets | 21/28 | €85,426 | €87,083 | +€1,658 | +1.9% |
| Tangible fixed assets | 22/27 | €85,426 | €87,083 | +€1,658 | +1.9% |
| Land and buildings | 22 | €20,341 | €19,718 | -€623 | -3.1% |
| Plant, machinery and equipment | 23 | €360 | €10,520 | +€10,160 | +2,820% |
| Furniture and vehicles | 24 | €64,724 | €56,845 | -€7,879 | -12.2% |
| Current assets | 29/58 | €230,918 | €251,822 | +€20,904 | +9.1% |
| Stocks and contracts in progress | 3 | €160,186 | €187,093 | +€26,907 | +16.8% |
| Stocks | 30/36 | €160,186 | €187,093 | +€26,907 | +16.8% |
| Amounts receivable within one year | 40/41 | €25,696 | €38,313 | +€12,617 | +49.1% |
| Trade receivables | 40 | €24,029 | €23,007 | -€1,022 | -4.3% |
| Other amounts receivable | 41 | €1,667 | €15,307 | +€13,639 | +818% |
| Cash at bank and in hand | 54/58 | €45,036 | €25,401 | -€19,635 | -43.6% |
| Deferred charges and accrued income | 490/1 | - | €1,015 | +€1,015 | |
| Total equity and liabilities | 10/49 | €316,344 | €338,905 | +€22,561 | +7.1% |
| Equity | 10/15 | €192,837 | €215,362 | +€22,524 | +11.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,837 | €115,362 | +€22,524 | +24.3% |
| Amounts payable | 17/49 | €123,507 | €123,544 | +€37 | 0.0% |
| Amounts payable after more than one year | 17 | €46,934 | €34,937 | -€11,997 | -25.6% |
| Financial debts | 170/4 | €46,934 | €34,937 | -€11,997 | -25.6% |
| Amounts payable within one year | 42/48 | €76,572 | €88,607 | +€12,034 | +15.7% |
| Current portion of amounts payable after more than one year | 42 | €12,077 | €13,691 | +€1,614 | +13.4% |
| Trade debts | 44 | €4,514 | €28,555 | +€24,041 | +533% |
| Suppliers | 440/4 | €4,514 | €28,555 | +€24,041 | +533% |
| Taxes, remuneration and social security | 45 | €34,360 | €27,366 | -€6,994 | -20.4% |
| Taxes | 450/3 | €34,360 | €27,366 | -€6,994 | -20.4% |
| Other amounts payable | 47/48 | €25,622 | €18,996 | -€6,626 | -25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,531 | €13,329 | +€2,797 | +26.6% |
| Other operating charges | 640/8 | €9,014 | €2,373 | -€6,642 | -73.7% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €65,747 | €25,180 | -€40,567 | -61.7% |
| Operating profit (loss) | 9901 | €46,201 | €9,479 | -€36,723 | -79.5% |
| Financial income | 75/76B | €0 | €29,567 | +€29,567 | +295,670,400% |
| Recurring financial income | 75 | €0 | €29,567 | +€29,567 | +295,670,400% |
| Financial charges | 65/66B | €6,776 | €10,636 | +€3,860 | +57.0% |
| Recurring financial charges | 65 | €6,776 | €10,636 | +€3,860 | +57.0% |
| Profit (loss) for the period before taxes | 9903 | €39,425 | €28,410 | -€11,016 | -27.9% |
| Income taxes | 67/77 | €9,024 | €5,885 | -€3,138 | -34.8% |
| Profit (loss) for the period | 9904 | €30,402 | €22,524 | -€7,877 | -25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,402 | €22,524 | -€7,877 | -25.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.