STEKAR MANAGEMENT: 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.
STEKAR MANAGEMENT
Largest movements
- Cash +€34,104
up €34,104 (+321.0%), from €10,623 to €44,727
mainly Net result for the year (+€51,156) and Depreciation (+€5,571)
- Tangible fixed assets -€5,571
down €5,571 (-23.1%), from €24,115 to €18,544
of which Plant, machinery and equipment: -€3,889
- Reserves +€51,156
up €51,156 (+124.2%), from €41,192 to €92,348
- Tax, wage and social debts -€8,537
down €8,537 (-42.1%), from €20,287 to €11,749
- Trade debts -€5,530
down €5,530 (-76.5%), from €7,229 to €1,699
- Other debts -€4,041
down €4,041 (-20.0%), from €20,161 to €16,120
- Accrued charges and deferred income -€1,905
down €1,905 (-37.7%), from €5,055 to €3,150
- Gross operating margin +€5,212
up €5,212 (+7.7%), from €67,460 to €72,673
- Taxes +€1,562
up €1,562 (+12.1%), from €12,914 to €14,476
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 | €100,271 | €129,865 | +€29,594 | +29.5% |
| Fixed assets | 21/28 | €24,115 | €18,544 | -€5,571 | -23.1% |
| Tangible fixed assets | 22/27 | €24,115 | €18,544 | -€5,571 | -23.1% |
| Plant, machinery and equipment | 23 | €11,473 | €7,584 | -€3,889 | -33.9% |
| Other tangible fixed assets | 26 | €12,643 | €10,961 | -€1,682 | -13.3% |
| Current assets | 29/58 | €76,155 | €111,320 | +€35,165 | +46.2% |
| Amounts receivable within one year | 40/41 | €64,920 | €65,914 | +€994 | +1.5% |
| Trade receivables | 40 | €64,920 | €65,914 | +€994 | +1.5% |
| Cash at bank and in hand | 54/58 | €10,623 | €44,727 | +€34,104 | +321.0% |
| Deferred charges and accrued income | 490/1 | €612 | €679 | +€67 | +11.0% |
| Total equity and liabilities | 10/49 | €100,271 | €129,865 | +€29,594 | +29.5% |
| Equity | 10/15 | €45,192 | €96,348 | +€51,156 | +113.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €41,192 | €92,348 | +€51,156 | +124.2% |
| Distributable reserves | 133 | €41,192 | €92,348 | +€51,156 | +124.2% |
| Amounts payable | 17/49 | €55,079 | €33,517 | -€21,562 | -39.1% |
| Amounts payable after more than one year | 17 | €799 | - | -€799 | |
| Financial debts | 170/4 | €799 | - | -€799 | |
| Amounts payable within one year | 42/48 | €49,225 | €30,367 | -€18,859 | -38.3% |
| Current portion of amounts payable after more than one year | 42 | €1,548 | €799 | -€750 | -48.4% |
| Trade debts | 44 | €7,229 | €1,699 | -€5,530 | -76.5% |
| Suppliers | 440/4 | €7,229 | €1,699 | -€5,530 | -76.5% |
| Taxes, remuneration and social security | 45 | €20,287 | €11,749 | -€8,537 | -42.1% |
| Taxes | 450/3 | €20,287 | €11,749 | -€8,537 | -42.1% |
| Other amounts payable | 47/48 | €20,161 | €16,120 | -€4,041 | -20.0% |
| Accrued charges and deferred income | 492/3 | €5,055 | €3,150 | -€1,905 | -37.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,347 | €5,571 | +€224 | +4.2% |
| Other operating charges | 640/8 | €1,300 | €867 | -€433 | -33.3% |
| Gross operating margin | 9900 | €67,460 | €72,673 | +€5,212 | +7.7% |
| Operating profit (loss) | 9901 | €60,813 | €66,235 | +€5,422 | +8.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €488 | €603 | +€115 | +23.5% |
| Recurring financial charges | 65 | €488 | €603 | +€115 | +23.5% |
| Profit (loss) for the period before taxes | 9903 | €60,325 | €65,632 | +€5,307 | +8.8% |
| Income taxes | 67/77 | €12,914 | €14,476 | +€1,562 | +12.1% |
| Profit (loss) for the period | 9904 | €47,411 | €51,156 | +€3,745 | +7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €47,411 | €51,156 | +€3,745 | +7.9% |
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 12 October 2026 via checked.be.