STENA: 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.
STENA
Largest movements
- Tangible fixed assets +€48,881
up €48,881 (+10.9%), from €447,643 to €496,524
- Reserves +€77,656
up €77,656 (+80.4%), from €96,542 to €174,198
- Current portion of long-term debt -€30,506
down €30,506 (-45.2%), from €67,424 to €36,918
- Debts after one year +€9,400
up €9,400 (+6.5%), from €144,629 to €154,029
of which Financial debts: +€59,400
- Tax, wage and social debts -€8,465
down €8,465 (-57.6%), from €14,695 to €6,231
- Gross operating margin +€10,431
up €10,431 (+7.9%), from €131,542 to €141,974
- Depreciation +€3,067
up €3,067 (+32.8%), from €9,336 to €12,403
- Taxes +€1,874
up €1,874 (+5.5%), from €34,365 to €36,239
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 | €447,643 | €497,089 | +€49,446 | +11.0% |
| Fixed assets | 21/28 | €447,643 | €496,524 | +€48,881 | +10.9% |
| Tangible fixed assets | 22/27 | €447,643 | €496,524 | +€48,881 | +10.9% |
| Land and buildings | 22 | €447,643 | €496,524 | +€48,881 | +10.9% |
| Current assets | 29/58 | €1 | €565 | +€565 | +102649.1% |
| Cash at bank and in hand | 54/58 | €1 | €565 | +€565 | +102649.1% |
| Total equity and liabilities | 10/49 | €447,643 | €497,089 | +€49,446 | +11.0% |
| Equity | 10/15 | €220,489 | €298,144 | +€77,656 | +35.2% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €96,542 | €174,198 | +€77,656 | +80.4% |
| Distributable reserves | 133 | €96,542 | €174,198 | +€77,656 | +80.4% |
| Amounts payable | 17/49 | €227,154 | €198,944 | -€28,210 | -12.4% |
| Amounts payable after more than one year | 17 | €144,629 | €154,029 | +€9,400 | +6.5% |
| Financial debts | 170/4 | €64,629 | €124,029 | +€59,400 | +91.9% |
| Other amounts payable | 178/9 | €80,000 | €30,000 | -€50,000 | -62.5% |
| Amounts payable within one year | 42/48 | €82,525 | €44,915 | -€37,610 | -45.6% |
| Current portion of amounts payable after more than one year | 42 | €67,424 | €36,918 | -€30,506 | -45.2% |
| Taxes, remuneration and social security | 45 | €14,695 | €6,231 | -€8,465 | -57.6% |
| Taxes | 450/3 | €14,695 | €6,231 | -€8,465 | -57.6% |
| Other amounts payable | 47/48 | €406 | €1,766 | +€1,360 | +334.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,336 | €12,403 | +€3,067 | +32.8% |
| Other operating charges | 640/8 | €8,999 | €9,822 | +€823 | +9.1% |
| Gross operating margin | 9900 | €131,542 | €141,974 | +€10,431 | +7.9% |
| Operating profit (loss) | 9901 | €113,207 | €119,749 | +€6,542 | +5.8% |
| Financial income | 75/76B | - | €29 | +€29 | |
| Recurring financial income | 75 | - | €29 | +€29 | |
| Financial charges | 65/66B | €5,263 | €5,883 | +€620 | +11.8% |
| Recurring financial charges | 65 | €5,263 | €5,883 | +€620 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | €107,944 | €113,895 | +€5,951 | +5.5% |
| Income taxes | 67/77 | €34,365 | €36,239 | +€1,874 | +5.5% |
| Profit (loss) for the period | 9904 | €73,579 | €77,656 | +€4,076 | +5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €73,579 | €77,656 | +€4,076 | +5.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.