STEKO: what changed
Two fiscal 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.
STEKO
Largest movements
- Tangible fixed assets -€22,896
down €22,896 (-23.4%), from €97,659 to €74,763
of which Other tangible fixed assets: -€14,335
- Cash -€2,258
down €2,258 (-100.0%), from €2,258 to €0
mainly Other debts (-€18,696) and Debts after one year (-€10,831)
- Other debts -€18,696
down €18,696 (-60.3%), from €30,988 to €12,293
- Debts after one year -€10,831
down €10,831 (-49.7%), from €21,772 to €10,941
- Trade debts -€4,705
down €4,705 (-74.7%), from €6,298 to €1,593
- Reserves +€4,574
up €4,574 (+15.5%), from €29,464 to €34,038
- Profit (loss) carried forward +€2,593
up €2,593 (+14.7%), from -€17,645 to -€15,051
- Taxes +€3,440
up €3,440 (+1546.5%), from €222 to €3,663
- Gross operating margin +€925
up €925 (+2.4%), from €38,413 to €39,337
- Depreciation -€533
down €533 (-2.0%), from €26,588 to €26,054
- Financial charges -€428
down €428 (-18.9%), from €2,262 to €1,834
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 | €111,569 | €84,869 | -€26,700 | -23.9% |
| Fixed assets | 21/28 | €97,659 | €74,763 | -€22,896 | -23.4% |
| Tangible fixed assets | 22/27 | €97,659 | €74,763 | -€22,896 | -23.4% |
| Plant, machinery and equipment | 23 | €5,514 | €3,290 | -€2,224 | -40.3% |
| Furniture and vehicles | 24 | €2,100 | €3,790 | +€1,690 | +80.5% |
| Leasing and similar rights | 25 | €26,756 | €18,729 | -€8,027 | -30.0% |
| Other tangible fixed assets | 26 | €63,289 | €48,954 | -€14,335 | -22.7% |
| Current assets | 29/58 | €13,910 | €10,106 | -€3,804 | -27.3% |
| Amounts receivable within one year | 40/41 | €10,964 | €10,106 | -€858 | -7.8% |
| Trade receivables | 40 | €9,729 | €8,877 | -€852 | -8.8% |
| Other amounts receivable | 41 | €1,234 | €1,229 | -€6 | -0.5% |
| Cash at bank and in hand | 54/58 | €2,258 | €0 | -€2,258 | -100.0% |
| Deferred charges and accrued income | 490/1 | €688 | €0 | -€688 | -100.0% |
| Total equity and liabilities | 10/49 | €111,569 | €84,869 | -€26,700 | -23.9% |
| Equity | 10/15 | €30,819 | €37,987 | +€7,168 | +23.3% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €29,464 | €34,038 | +€4,574 | +15.5% |
| Distributable reserves | 133 | €29,464 | €34,038 | +€4,574 | +15.5% |
| Profit (loss) carried forward | 14 | -€17,645 | -€15,051 | +€2,593 | +14.7% |
| Amounts payable | 17/49 | €80,750 | €46,882 | -€33,868 | -41.9% |
| Amounts payable after more than one year | 17 | €21,772 | €10,941 | -€10,831 | -49.7% |
| Financial debts | 170/4 | €21,772 | €10,941 | -€10,831 | -49.7% |
| Amounts payable within one year | 42/48 | €58,959 | €35,735 | -€23,224 | -39.4% |
| Current portion of amounts payable after more than one year | 42 | €12,362 | €10,831 | -€1,530 | -12.4% |
| Financial debts | 43 | €0 | €2,517 | +€2,517 | |
| Credit institutions | 430/8 | €0 | €2,517 | +€2,517 | |
| Trade debts | 44 | €6,298 | €1,593 | -€4,705 | -74.7% |
| Suppliers | 440/4 | €6,298 | €1,593 | -€4,705 | -74.7% |
| Taxes, remuneration and social security | 45 | €9,312 | €8,502 | -€810 | -8.7% |
| Taxes | 450/3 | €9,312 | €8,502 | -€810 | -8.7% |
| Other amounts payable | 47/48 | €30,988 | €12,293 | -€18,696 | -60.3% |
| Accrued charges and deferred income | 492/3 | €19 | €206 | +€187 | +997.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,588 | €26,054 | -€533 | -2.0% |
| Other operating charges | 640/8 | €600 | €618 | +€18 | +2.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €38,413 | €39,337 | +€925 | +2.4% |
| Operating profit (loss) | 9901 | €11,225 | €12,665 | +€1,440 | +12.8% |
| Financial income | 75/76B | €5 | €0 | -€5 | -100.0% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100.0% |
| Financial charges | 65/66B | €2,262 | €1,834 | -€428 | -18.9% |
| Recurring financial charges | 65 | €2,262 | €1,834 | -€428 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €8,968 | €10,831 | +€1,863 | +20.8% |
| Income taxes | 67/77 | €222 | €3,663 | +€3,440 | +1546.5% |
| Profit (loss) for the period | 9904 | €8,745 | €7,168 | -€1,577 | -18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,745 | €7,168 | -€1,577 | -18.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.