STEKAM Consulting: 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.
STEKAM Consulting
Largest movements
- Financial fixed assets +€34,007
up €34,007 (+58.2%), from €58,457 to €92,463
- Cash -€16,152
down €16,152 (-35.9%), from €45,015 to €28,863
mainly Investment in fixed assets (net) (-€37,262) and Contributions, distributions and other (-€14,101)
- Receivables within one year +€6,023
up €6,023 (+21.3%), from €28,336 to €34,360
of which Trade receivables: +€10,692
- Reserves +€20,430
up €20,430 (+19.1%), from €107,088 to €127,517
- Other debts +€3,676
up €3,676 (+441%), from €833 to €4,509
- Gross operating margin +€3,239
up €3,239 (+6.6%), from €48,898 to €52,137
- Other operating charges -€2,411
down €2,411 (-67.1%), from €3,592 to €1,180
- Taxes +€1,730
up €1,730 (+13.6%), from €12,756 to €14,485
- Depreciation -€554
down €554 (-18.2%), from €3,037 to €2,483
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 | €142,322 | €166,973 | +€24,650 | +17.3% |
| Fixed assets | 21/28 | €68,970 | €103,750 | +€34,779 | +50.4% |
| Tangible fixed assets | 22/27 | €10,514 | €11,287 | +€773 | +7.4% |
| Land and buildings | 22 | €4,057 | €3,682 | -€375 | -9.2% |
| Furniture and vehicles | 24 | €6,457 | €7,605 | +€1,148 | +17.8% |
| Financial fixed assets | 28 | €58,457 | €92,463 | +€34,007 | +58.2% |
| Current assets | 29/58 | €73,352 | €63,223 | -€10,129 | -13.8% |
| Amounts receivable within one year | 40/41 | €28,336 | €34,360 | +€6,023 | +21.3% |
| Trade receivables | 40 | €12,040 | €22,731 | +€10,692 | +88.8% |
| Other amounts receivable | 41 | €16,297 | €11,629 | -€4,668 | -28.6% |
| Cash at bank and in hand | 54/58 | €45,015 | €28,863 | -€16,152 | -35.9% |
| Total equity and liabilities | 10/49 | €142,322 | €166,973 | +€24,650 | +17.3% |
| Equity | 10/15 | €140,211 | €159,782 | +€19,571 | +14.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €107,088 | €127,517 | +€20,430 | +19.1% |
| Distributable reserves | 133 | €107,088 | €127,517 | +€20,430 | +19.1% |
| Profit (loss) carried forward | 14 | €14,524 | €13,665 | -€859 | -5.9% |
| Amounts payable | 17/49 | €2,111 | €7,190 | +€5,080 | +241% |
| Amounts payable within one year | 42/48 | €2,111 | €7,190 | +€5,080 | +241% |
| Trade debts | 44 | €1,278 | €1,285 | +€7 | +0.6% |
| Suppliers | 440/4 | €1,278 | €1,285 | +€7 | +0.6% |
| Taxes, remuneration and social security | 45 | - | €1,396 | +€1,396 | |
| Taxes | 450/3 | - | €1,396 | +€1,396 | |
| Other amounts payable | 47/48 | €833 | €4,509 | +€3,676 | +441% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,037 | €2,483 | -€554 | -18.2% |
| Other operating charges | 640/8 | €3,592 | €1,180 | -€2,411 | -67.1% |
| Non-recurring operating charges | 66A | €694 | €212 | -€482 | -69.5% |
| Gross operating margin | 9900 | €48,898 | €52,137 | +€3,239 | +6.6% |
| Operating profit (loss) | 9901 | €41,575 | €48,262 | +€6,686 | +16.1% |
| Financial income | 75/76B | €143 | €76 | -€67 | -47.0% |
| Recurring financial income | 75 | €143 | €76 | -€67 | -47.0% |
| Financial charges | 65/66B | €32 | €180 | +€148 | +466% |
| Recurring financial charges | 65 | €32 | €180 | +€148 | +466% |
| Profit (loss) for the period before taxes | 9903 | €41,687 | €48,157 | +€6,471 | +15.5% |
| Income taxes | 67/77 | €12,756 | €14,485 | +€1,730 | +13.6% |
| Profit (loss) for the period | 9904 | €28,931 | €33,672 | +€4,741 | +16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,931 | €33,672 | +€4,741 | +16.4% |
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 30 October 2026 via checked.be.