STEK-GROND: 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-GROND
Largest movements
- Tangible fixed assets -€33,568
down €33,568 (-11.4%), from €293,683 to €260,114
of which Land and buildings: -€26,873
- Receivables within one year -€27,732
down €27,732 (-93.2%), from €29,748 to €2,016
of which Trade receivables: -€27,107
- Cash +€20,040
up €20,040 (+160%), from €12,526 to €32,565
mainly Depreciation (+€34,956) and Receivables within one year (+€27,732)
- Debts after one year -€17,580
down €17,580 (-14.7%), from €119,236 to €101,656
- Trade debts -€16,040
down €16,040 (-67.1%), from €23,894 to €7,854
- Tax, wage and social debts -€5,023
down €5,023 (-93.2%), from €5,391 to €368
of which Taxes: -€2,888
- Investment grants -€3,722
down €3,722 (-7.2%), from €51,843 to €48,120
- Staff costs -€31,118
down €31,118 (-67.5%), from €46,089 to €14,971
- Gross operating margin -€9,104
down €9,104 (-15.6%), from €58,401 to €49,297
- Depreciation +€6,009
up €6,009 (+20.8%), from €28,946 to €34,956
- Financial income -€2,712
down €2,712 (-42.0%), from €6,458 to €3,745
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 | €337,876 | €296,136 | -€41,741 | -12.4% |
| Fixed assets | 21/28 | €295,603 | €261,554 | -€34,048 | -11.5% |
| Intangible fixed assets | 21 | €1,920 | €1,440 | -€480 | -25.0% |
| Tangible fixed assets | 22/27 | €293,683 | €260,114 | -€33,568 | -11.4% |
| Land and buildings | 22 | €258,658 | €231,784 | -€26,873 | -10.4% |
| Plant, machinery and equipment | 23 | €26,870 | €22,130 | -€4,740 | -17.6% |
| Furniture and vehicles | 24 | €8,155 | €6,200 | -€1,955 | -24.0% |
| Current assets | 29/58 | €42,273 | €34,581 | -€7,692 | -18.2% |
| Amounts receivable within one year | 40/41 | €29,748 | €2,016 | -€27,732 | -93.2% |
| Trade receivables | 40 | €28,457 | €1,350 | -€27,107 | -95.3% |
| Other amounts receivable | 41 | €1,291 | €666 | -€625 | -48.4% |
| Cash at bank and in hand | 54/58 | €12,526 | €32,565 | +€20,040 | +160% |
| Total equity and liabilities | 10/49 | €337,876 | €296,136 | -€41,741 | -12.4% |
| Equity | 10/15 | €41,004 | €36,423 | -€4,581 | -11.2% |
| Contributions | 10/11 | €4,800 | €4,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,638 | -€16,498 | -€859 | -5.5% |
| Investment grants | 15 | €51,843 | €48,120 | -€3,722 | -7.2% |
| Amounts payable | 17/49 | €296,872 | €259,713 | -€37,159 | -12.5% |
| Amounts payable after more than one year | 17 | €119,236 | €101,656 | -€17,580 | -14.7% |
| Financial debts | 170/4 | €119,236 | €101,656 | -€17,580 | -14.7% |
| Amounts payable within one year | 42/48 | €177,539 | €158,057 | -€19,482 | -11.0% |
| Current portion of amounts payable after more than one year | 42 | €17,141 | €17,580 | +€440 | +2.6% |
| Trade debts | 44 | €23,894 | €7,854 | -€16,040 | -67.1% |
| Suppliers | 440/4 | €23,894 | €7,854 | -€16,040 | -67.1% |
| Advances received on contracts in progress | 46 | - | €7 | +€7 | |
| Taxes, remuneration and social security | 45 | €5,391 | €368 | -€5,023 | -93.2% |
| Taxes | 450/3 | €3,201 | €313 | -€2,888 | -90.2% |
| Remuneration and social security | 454/9 | €2,190 | €55 | -€2,135 | -97.5% |
| Other amounts payable | 47/48 | €131,113 | €132,247 | +€1,134 | +0.9% |
| Accrued charges and deferred income | 492/3 | €97 | €0 | -€97 | -100% |
| Remuneration, social security and pensions | 62 | €46,089 | €14,971 | -€31,118 | -67.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,946 | €34,956 | +€6,009 | +20.8% |
| Other operating charges | 640/8 | €100 | €254 | +€154 | +154% |
| Gross operating margin | 9900 | €58,401 | €49,297 | -€9,104 | -15.6% |
| Operating profit (loss) | 9901 | -€16,735 | -€884 | +€15,851 | +94.7% |
| Financial income | 75/76B | €6,458 | €3,745 | -€2,712 | -42.0% |
| Recurring financial income | 75 | €6,458 | €3,745 | -€2,712 | -42.0% |
| Financial charges | 65/66B | €3,998 | €3,721 | -€277 | -6.9% |
| Recurring financial charges | 65 | €3,998 | €3,721 | -€277 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | -€14,274 | -€859 | +€13,415 | +94.0% |
| Profit (loss) for the period | 9904 | -€14,274 | -€859 | +€13,415 | +94.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,274 | -€859 | +€13,415 | +94.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.