Stelvico: 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.
Stelvico
Largest movements
- Cash +€10,265
up €10,265 (+119.1%), from €8,616 to €18,881
mainly Net result for the year (+€14,830) and Depreciation (+€3,464)
- Receivables within one year +€5,078
up €5,078 (+20.4%), from €24,857 to €29,935
of which Other amounts receivable: +€13,845
- Tangible fixed assets -€3,464
down €3,464 (-26.3%), from €13,174 to €9,709
of which Furniture and vehicles: -€3,250
- Profit (loss) carried forward +€14,830
up €14,830 (+60.4%), from €24,548 to €39,378
- Tax, wage and social debts -€3,428
down €3,428 (-18.9%), from €18,099 to €14,671
- Gross operating margin +€5,485
up €5,485 (+32.2%), from €17,011 to €22,496
- Taxes +€1,669
up €1,669 (+69.8%), from €2,391 to €4,060
- Financial income +€580
up €580 (+8421.0%), from €7 to €587
- Financial charges -€445
down €445 (-75.8%), from €587 to €142
- Depreciation +€303
up €303 (+9.6%), from €3,161 to €3,464
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 | €46,646 | €58,526 | +€11,879 | +25.5% |
| Fixed assets | 21/28 | €13,174 | €9,709 | -€3,464 | -26.3% |
| Tangible fixed assets | 22/27 | €13,174 | €9,709 | -€3,464 | -26.3% |
| Plant, machinery and equipment | 23 | €895 | €681 | -€215 | -24.0% |
| Furniture and vehicles | 24 | €12,279 | €9,029 | -€3,250 | -26.5% |
| Current assets | 29/58 | €33,473 | €48,816 | +€15,343 | +45.8% |
| Amounts receivable within one year | 40/41 | €24,857 | €29,935 | +€5,078 | +20.4% |
| Trade receivables | 40 | €10,940 | €2,173 | -€8,767 | -80.1% |
| Other amounts receivable | 41 | €13,917 | €27,762 | +€13,845 | +99.5% |
| Cash at bank and in hand | 54/58 | €8,616 | €18,881 | +€10,265 | +119.1% |
| Total equity and liabilities | 10/49 | €46,646 | €58,526 | +€11,879 | +25.5% |
| Equity | 10/15 | €28,548 | €43,378 | +€14,830 | +51.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,548 | €39,378 | +€14,830 | +60.4% |
| Amounts payable | 17/49 | €18,099 | €15,148 | -€2,951 | -16.3% |
| Amounts payable within one year | 42/48 | €18,099 | €15,148 | -€2,951 | -16.3% |
| Trade debts | 44 | - | €477 | +€477 | |
| Suppliers | 440/4 | - | €477 | +€477 | |
| Taxes, remuneration and social security | 45 | €18,099 | €14,671 | -€3,428 | -18.9% |
| Taxes | 450/3 | €18,099 | €14,671 | -€3,428 | -18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,161 | €3,464 | +€303 | +9.6% |
| Other operating charges | 640/8 | €569 | €587 | +€18 | +3.2% |
| Gross operating margin | 9900 | €17,011 | €22,496 | +€5,485 | +32.2% |
| Operating profit (loss) | 9901 | €13,281 | €18,445 | +€5,164 | +38.9% |
| Financial income | 75/76B | €7 | €587 | +€580 | +8421.0% |
| Recurring financial income | 75 | €7 | €587 | +€580 | +8421.0% |
| Financial charges | 65/66B | €587 | €142 | -€445 | -75.8% |
| Recurring financial charges | 65 | €587 | €142 | -€445 | -75.8% |
| Profit (loss) for the period before taxes | 9903 | €12,701 | €18,890 | +€6,189 | +48.7% |
| Income taxes | 67/77 | €2,391 | €4,060 | +€1,669 | +69.8% |
| Profit (loss) for the period | 9904 | €10,310 | €14,830 | +€4,520 | +43.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,310 | €14,830 | +€4,520 | +43.8% |
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 11 October 2026 via checked.be.