STELICO: 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.
STELICO
Largest movements
- Cash -€18,606
down €18,606 (-34.6%), from €53,825 to €35,219
mainly Contributions, distributions and other (-€9,500) and Receivables within one year (-€7,560)
- Receivables within one year +€7,560
up €7,560 (+60.9%), from €12,407 to €19,966
of which Trade receivables: +€7,560
- Stocks and contracts +€3,661
up €3,661 (+20.1%), from €18,233 to €21,894
- Reserves -€7,800
down €7,800 (-12.9%), from €60,500 to €52,700
of which Distributable reserves: -€7,800
- Tax, wage and social debts +€1,878
up €1,878 (+63.3%), from €2,965 to €4,842
- Gross operating margin +€6,086
up €6,086, from -€510 to €5,577
- Taxes +€1,497
up €1,497 (+90.0%), from €1,663 to €3,160
- Financial income +€349
up €349 (+48.1%), from €726 to €1,076
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 | €86,137 | €79,168 | -€6,969 | -8.1% |
| Current assets | 29/58 | €86,137 | €79,168 | -€6,969 | -8.1% |
| Stocks and contracts in progress | 3 | €18,233 | €21,894 | +€3,661 | +20.1% |
| Stocks | 30/36 | €18,233 | €21,894 | +€3,661 | +20.1% |
| Amounts receivable within one year | 40/41 | €12,407 | €19,966 | +€7,560 | +60.9% |
| Trade receivables | 40 | €10,400 | €17,960 | +€7,560 | +72.7% |
| Other amounts receivable | 41 | €2,006 | €2,006 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €53,825 | €35,219 | -€18,606 | -34.6% |
| Deferred charges and accrued income | 490/1 | €1,672 | €2,088 | +€417 | +24.9% |
| Total equity and liabilities | 10/49 | €86,137 | €79,168 | -€6,969 | -8.1% |
| Equity | 10/15 | €80,534 | €72,748 | -€7,786 | -9.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €60,500 | €52,700 | -€7,800 | -12.9% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €58,500 | €50,700 | -€7,800 | -13.3% |
| Profit (loss) carried forward | 14 | €34 | €48 | +€14 | +41.8% |
| Amounts payable | 17/49 | €5,603 | €6,420 | +€817 | +14.6% |
| Amounts payable within one year | 42/48 | €5,603 | €6,420 | +€817 | +14.6% |
| Trade debts | 44 | €2,180 | €1,515 | -€666 | -30.5% |
| Suppliers | 440/4 | €2,180 | €1,515 | -€666 | -30.5% |
| Taxes, remuneration and social security | 45 | €2,965 | €4,842 | +€1,878 | +63.3% |
| Taxes | 450/3 | €2,965 | €4,842 | +€1,878 | +63.3% |
| Other amounts payable | 47/48 | €458 | €63 | -€395 | -86.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,460 | €1,493 | +€33 | +2.3% |
| Non-recurring operating charges | 66A | €285 | - | -€285 | |
| Gross operating margin | 9900 | -€510 | €5,577 | +€6,086 | |
| Operating profit (loss) | 9901 | -€2,254 | €4,084 | +€6,338 | |
| Financial income | 75/76B | €726 | €1,076 | +€349 | +48.1% |
| Recurring financial income | 75 | €726 | €1,076 | +€349 | +48.1% |
| Financial charges | 65/66B | €283 | €286 | +€2 | +0.9% |
| Recurring financial charges | 65 | €283 | €286 | +€2 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,811 | €4,874 | +€6,685 | |
| Income taxes | 67/77 | €1,663 | €3,160 | +€1,497 | +90.0% |
| Profit (loss) for the period | 9904 | -€3,474 | €1,714 | +€5,188 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,474 | €1,714 | +€5,188 |
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 13 October 2026 via checked.be.