STELIEKRO: 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.
STELIEKRO
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m (+116%), from €967,007 to €2.1m
of which Land and buildings: +€973,366
- Cash +€369,747
up €369,747 (+189%), from €195,992 to €565,739
mainly Contributions, distributions and other (+€2.2m) and Depreciation (+€168,726)
- Receivables within one year -€44,558
down €44,558 (-85.0%), from €52,414 to €7,855
of which Trade receivables: -€41,375
- Profit (loss) carried forward +€1.7m
up €1.7m (+2,047%), from €84,117 to €1.8m
- Debts after one year -€756,804
down €756,804 (-72.8%), from €1.0m to €283,385
- Reserves +€347,864
up €347,864 (+18,702%), from €1,860 to €349,724
- Other debts +€107,815
up €107,815 (+404%), from €26,699 to €134,514
- Depreciation +€117,977
up €117,977 (+232%), from €50,749 to €168,726
- Gross operating margin -€40,641
down €40,641 (-39.6%), from €102,577 to €61,936
- Other operating charges +€38,167
up €38,167 (+811%), from €4,704 to €42,871
- Financial charges -€10,860
down €10,860 (-67.6%), from €16,063 to €5,203
- Taxes -€6,385
down €6,385 (-92.6%), from €6,895 to €510
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 | €1,215,968 | €2,666,322 | +€1.5m | +119% |
| Fixed assets | 21/28 | €967,007 | €2,090,384 | +€1.1m | +116% |
| Tangible fixed assets | 22/27 | €967,007 | €2,090,384 | +€1.1m | +116% |
| Land and buildings | 22 | €944,776 | €1,918,142 | +€973,366 | +103% |
| Furniture and vehicles | 24 | €22,231 | €172,242 | +€150,011 | +675% |
| Current assets | 29/58 | €248,961 | €575,938 | +€326,977 | +131% |
| Amounts receivable within one year | 40/41 | €52,414 | €7,855 | -€44,558 | -85.0% |
| Trade receivables | 40 | €45,607 | €4,232 | -€41,375 | -90.7% |
| Other amounts receivable | 41 | €6,807 | €3,624 | -€3,183 | -46.8% |
| Cash at bank and in hand | 54/58 | €195,992 | €565,739 | +€369,747 | +189% |
| Deferred charges and accrued income | 490/1 | €555 | €2,344 | +€1,789 | +322% |
| Total equity and liabilities | 10/49 | €1,215,968 | €2,666,322 | +€1.5m | +119% |
| Equity | 10/15 | €92,177 | €2,172,383 | +€2.1m | +2,257% |
| Contributions | 10/11 | €6,200 | €16,950 | +€10,750 | +173% |
| Reserves | 13 | €1,860 | €349,724 | +€347,864 | +18,702% |
| Distributable reserves | 133 | €1,860 | €349,724 | +€347,864 | +18,702% |
| Profit (loss) carried forward | 14 | €84,117 | €1,805,709 | +€1.7m | +2,047% |
| Amounts payable | 17/49 | €1,123,791 | €493,940 | -€629,852 | -56.0% |
| Amounts payable after more than one year | 17 | €1,040,189 | €283,385 | -€756,804 | -72.8% |
| Financial debts | 170/4 | €1,040,189 | €283,385 | -€756,804 | -72.8% |
| Amounts payable within one year | 42/48 | €83,602 | €210,554 | +€126,952 | +152% |
| Current portion of amounts payable after more than one year | 42 | €56,128 | €56,804 | +€676 | +1.2% |
| Trade debts | 44 | €776 | €6,650 | +€5,874 | +757% |
| Suppliers | 440/4 | €776 | €6,650 | +€5,874 | +757% |
| Taxes, remuneration and social security | 45 | - | €12,586 | +€12,586 | |
| Taxes | 450/3 | - | €12,586 | +€12,586 | |
| Other amounts payable | 47/48 | €26,699 | €134,514 | +€107,815 | +404% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,749 | €168,726 | +€117,977 | +232% |
| Other operating charges | 640/8 | €4,704 | €42,871 | +€38,167 | +811% |
| Gross operating margin | 9900 | €102,577 | €61,936 | -€40,641 | -39.6% |
| Operating profit (loss) | 9901 | €47,123 | -€149,662 | -€196,785 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €16,063 | €5,203 | -€10,860 | -67.6% |
| Recurring financial charges | 65 | €16,063 | €5,203 | -€10,860 | -67.6% |
| Profit (loss) for the period before taxes | 9903 | €31,060 | -€154,865 | -€185,925 | |
| Income taxes | 67/77 | €6,895 | €510 | -€6,385 | -92.6% |
| Profit (loss) for the period | 9904 | €24,165 | -€155,375 | -€179,540 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,165 | -€155,375 | -€179,540 |
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 31 October 2026 via checked.be.