Sten-Go: 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.
Sten-Go
Largest movements
- Current investments +€21,675
up €21,675 (+122.2%), from €17,734 to €39,409
- Cash -€9,888
down €9,888 (-11.3%), from €87,652 to €77,764
mainly Current investments (-€21,675) and Investment in fixed assets (net) (-€9,874)
- Receivables within one year +€9,193
up €9,193 (+59.8%), from €15,376 to €24,569
of which Other amounts receivable: +€6,614
- Tangible fixed assets +€6,200
up €6,200 (+41.8%), from €14,821 to €21,021
of which Furniture and vehicles: +€8,049
- Reserves +€28,520
up €28,520 (+24.5%), from €116,400 to €144,920
- Gross operating margin -€17,744
down €17,744 (-27.4%), from €64,780 to €47,036
- Taxes -€3,572
down €3,572 (-19.5%), from €18,287 to €14,716
- Financial income +€3,186
up €3,186 (+1389.4%), from €229 to €3,415
- Depreciation +€1,140
up €1,140 (+45.0%), from €2,533 to €3,674
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 | €135,583 | €162,762 | +€27,179 | +20.0% |
| Fixed assets | 21/28 | €14,821 | €21,021 | +€6,200 | +41.8% |
| Tangible fixed assets | 22/27 | €14,821 | €21,021 | +€6,200 | +41.8% |
| Plant, machinery and equipment | 23 | €147 | €0 | -€147 | -100.0% |
| Furniture and vehicles | 24 | €1,046 | €9,095 | +€8,049 | +769.4% |
| Other tangible fixed assets | 26 | €13,628 | €11,925 | -€1,702 | -12.5% |
| Current assets | 29/58 | €120,762 | €141,742 | +€20,980 | +17.4% |
| Amounts receivable within one year | 40/41 | €15,376 | €24,569 | +€9,193 | +59.8% |
| Trade receivables | 40 | €13,561 | €16,140 | +€2,579 | +19.0% |
| Other amounts receivable | 41 | €1,815 | €8,429 | +€6,614 | +364.4% |
| Current investments | 50/53 | €17,734 | €39,409 | +€21,675 | +122.2% |
| Cash at bank and in hand | 54/58 | €87,652 | €77,764 | -€9,888 | -11.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €135,583 | €162,762 | +€27,179 | +20.0% |
| Equity | 10/15 | €121,400 | €149,920 | +€28,520 | +23.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €116,400 | €144,920 | +€28,520 | +24.5% |
| Distributable reserves | 133 | €116,400 | €144,920 | +€28,520 | +24.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €14,183 | €12,842 | -€1,341 | -9.5% |
| Amounts payable within one year | 42/48 | €14,183 | €12,842 | -€1,341 | -9.5% |
| Trade debts | 44 | €4,163 | €3,088 | -€1,075 | -25.8% |
| Suppliers | 440/4 | €4,163 | €3,088 | -€1,075 | -25.8% |
| Taxes, remuneration and social security | 45 | €8,203 | €8,088 | -€115 | -1.4% |
| Taxes | 450/3 | €8,203 | €8,088 | -€115 | -1.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,818 | €1,666 | -€152 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,533 | €3,674 | +€1,140 | +45.0% |
| Other operating charges | 640/8 | €1,252 | €1,061 | -€190 | -15.2% |
| Gross operating margin | 9900 | €64,780 | €47,036 | -€17,744 | -27.4% |
| Operating profit (loss) | 9901 | €60,995 | €42,301 | -€18,695 | -30.6% |
| Financial income | 75/76B | €229 | €3,415 | +€3,186 | +1389.4% |
| Recurring financial income | 75 | €229 | €3,415 | +€3,186 | +1389.4% |
| Financial charges | 65/66B | €1,059 | €814 | -€245 | -23.1% |
| Recurring financial charges | 65 | €1,059 | €814 | -€245 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | €60,166 | €44,902 | -€15,264 | -25.4% |
| Income taxes | 67/77 | €18,287 | €14,716 | -€3,572 | -19.5% |
| Profit (loss) for the period | 9904 | €41,878 | €30,186 | -€11,692 | -27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €41,878 | €30,186 | -€11,692 | -27.9% |
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 29 September 2026 via checked.be.