STELEK: 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.
STELEK
Largest movements
- Cash -€11,002
down €11,002 (-6.0%), from €181,980 to €170,978
mainly Other debts (-€6,397) and Net result for the year (-€4,636)
- Other debts -€6,397
down €6,397 (-5.0%), from €129,171 to €122,775
- Profit (loss) carried forward -€4,636
down €4,636 (-33.5%), from -€13,846 to -€18,482
- Other operating charges -€13,686
no longer reported in 2025 (was €13,686)
- Gross operating margin -€11,392
down €11,392, from €6,812 to -€4,580
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 | €181,980 | €170,978 | -€11,002 | -6.0% |
| Current assets | 29/58 | €181,980 | €170,978 | -€11,002 | -6.0% |
| Cash at bank and in hand | 54/58 | €181,980 | €170,978 | -€11,002 | -6.0% |
| Total equity and liabilities | 10/49 | €181,980 | €170,978 | -€11,002 | -6.0% |
| Equity | 10/15 | €52,204 | €47,568 | -€4,636 | -8.9% |
| Contributions | 10/11 | €62,200 | €62,200 | = | 0.0% |
| Capital | 10 | €62,200 | €62,200 | = | 0.0% |
| Issued capital | 100 | €62,200 | €62,200 | = | 0.0% |
| Reserves | 13 | €3,850 | €3,850 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,850 | €3,850 | = | 0.0% |
| Legal reserve | 130 | €3,850 | €3,850 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,846 | -€18,482 | -€4,636 | -33.5% |
| Amounts payable | 17/49 | €129,776 | €123,410 | -€6,366 | -4.9% |
| Amounts payable within one year | 42/48 | €129,171 | €122,775 | -€6,397 | -5.0% |
| Other amounts payable | 47/48 | €129,171 | €122,775 | -€6,397 | -5.0% |
| Accrued charges and deferred income | 492/3 | €605 | €635 | +€30 | +5.0% |
| Other operating charges | 640/8 | €13,686 | - | -€13,686 | |
| Non-recurring operating charges | 66A | €34,076 | - | -€34,076 | |
| Gross operating margin | 9900 | €6,812 | -€4,580 | -€11,392 | |
| Operating profit (loss) | 9901 | -€40,950 | -€4,580 | +€36,370 | +88.8% |
| Financial charges | 65/66B | €58 | €56 | -€1 | -2.3% |
| Recurring financial charges | 65 | €58 | €56 | -€1 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | -€41,007 | -€4,636 | +€36,372 | +88.7% |
| Profit (loss) for the period | 9904 | -€41,007 | -€4,636 | +€36,372 | +88.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,007 | -€4,636 | +€36,372 | +88.7% |
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 14 October 2026 via checked.be.