Steltloper: 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.
Steltloper
Largest movements
- Receivables within one year -€20,602
down €20,602 (-91.3%), from €22,557 to €1,956
of which Trade receivables: -€19,810
- Tangible fixed assets +€2,629
up €2,629 (+1.4%), from €188,758 to €191,387
of which Furniture and vehicles: +€8,908
- Trade debts -€11,599
down €11,599 (-79.1%), from €14,668 to €3,070
- Profit (loss) carried forward -€5,454
down €5,454 (-68.4%), from €7,977 to €2,523
- Current portion of long-term debt +€4,248
new in 2025: €4,248
- Short-term financial debts -€3,185
no longer reported in 2025 (was €3,185)
- Depreciation +€8,106
up €8,106 (+269.3%), from €3,010 to €11,116
- Gross operating margin -€5,294
down €5,294 (-27.5%), from €19,260 to €13,965
- Other operating charges -€1,690
down €1,690 (-52.6%), from €3,217 to €1,526
- Taxes -€1,684
down €1,684 (-92.7%), from €1,816 to €132
- Financial charges +€585
up €585 (+9.7%), from €6,062 to €6,647
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 | €211,317 | €193,825 | -€17,492 | -8.3% |
| Fixed assets | 21/28 | €188,758 | €191,387 | +€2,629 | +1.4% |
| Tangible fixed assets | 22/27 | €188,758 | €191,387 | +€2,629 | +1.4% |
| Land and buildings | 22 | €183,288 | €177,284 | -€6,004 | -3.3% |
| Plant, machinery and equipment | 23 | €3,355 | €3,081 | -€274 | -8.2% |
| Furniture and vehicles | 24 | €2,114 | €11,022 | +€8,908 | +421.3% |
| Current assets | 29/58 | €22,559 | €2,438 | -€20,121 | -89.2% |
| Amounts receivable within one year | 40/41 | €22,557 | €1,956 | -€20,602 | -91.3% |
| Trade receivables | 40 | €21,482 | €1,672 | -€19,810 | -92.2% |
| Other amounts receivable | 41 | €1,075 | €283 | -€792 | -73.6% |
| Cash at bank and in hand | 54/58 | €2 | €483 | +€481 | +30839.1% |
| Total equity and liabilities | 10/49 | €211,317 | €193,825 | -€17,492 | -8.3% |
| Equity | 10/15 | €10,977 | €5,523 | -€5,454 | -49.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,977 | €2,523 | -€5,454 | -68.4% |
| Amounts payable | 17/49 | €200,340 | €188,302 | -€12,038 | -6.0% |
| Amounts payable after more than one year | 17 | €178,050 | €176,728 | -€1,322 | -0.7% |
| Financial debts | 170/4 | €136,200 | €134,878 | -€1,322 | -1.0% |
| Other amounts payable | 178/9 | €41,850 | €41,850 | = | 0.0% |
| Amounts payable within one year | 42/48 | €21,540 | €11,574 | -€9,965 | -46.3% |
| Current portion of amounts payable after more than one year | 42 | - | €4,248 | +€4,248 | |
| Financial debts | 43 | €3,185 | - | -€3,185 | |
| Credit institutions | 430/8 | €3,185 | - | -€3,185 | |
| Trade debts | 44 | €14,668 | €3,070 | -€11,599 | -79.1% |
| Suppliers | 440/4 | €14,668 | €3,070 | -€11,599 | -79.1% |
| Taxes, remuneration and social security | 45 | €2,813 | €2,690 | -€123 | -4.4% |
| Taxes | 450/3 | €2,813 | €2,690 | -€123 | -4.4% |
| Other amounts payable | 47/48 | €873 | €1,567 | +€694 | +79.5% |
| Accrued charges and deferred income | 492/3 | €750 | - | -€750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,010 | €11,116 | +€8,106 | +269.3% |
| Other operating charges | 640/8 | €3,217 | €1,526 | -€1,690 | -52.6% |
| Gross operating margin | 9900 | €19,260 | €13,965 | -€5,294 | -27.5% |
| Operating profit (loss) | 9901 | €13,033 | €1,323 | -€11,710 | -89.8% |
| Financial income | 75/76B | €8 | €2 | -€6 | -74.9% |
| Recurring financial income | 75 | €8 | €2 | -€6 | -74.9% |
| Financial charges | 65/66B | €6,062 | €6,647 | +€585 | +9.7% |
| Recurring financial charges | 65 | €6,062 | €6,647 | +€585 | +9.7% |
| Profit (loss) for the period before taxes | 9903 | €6,979 | -€5,322 | -€12,301 | |
| Income taxes | 67/77 | €1,816 | €132 | -€1,684 | -92.7% |
| Profit (loss) for the period | 9904 | €5,163 | -€5,454 | -€10,617 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,163 | -€5,454 | -€10,617 |
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 4 October 2026 via checked.be.