STENBERG WU: 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.
STENBERG WU
Largest movements
- Receivables within one year -€10,132
down €10,132 (-43.6%), from €23,259 to €13,127
of which Trade receivables: -€10,108
- Tangible fixed assets -€4,250
down €4,250 (-21.0%), from €20,275 to €16,025
of which Other tangible fixed assets: -€2,680
- Cash -€1,986
down €1,986 (-1.4%), from €140,583 to €138,597
mainly Other debts (-€34,144) and Contributions, distributions and other (-€22,833)
- Other debts -€34,144
down €34,144 (-60.7%), from €56,271 to €22,127
- Reserves +€10,000
up €10,000 (+9.2%), from €108,360 to €118,360
- Tax, wage and social debts +€8,042
up €8,042 (+165.5%), from €4,860 to €12,902
- Gross operating margin +€19,841
up €19,841 (+60.1%), from €33,010 to €52,851
- Taxes +€4,963
up €4,963 (+58.6%), from €8,476 to €13,439
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 | €185,341 | €169,175 | -€16,165 | -8.7% |
| Fixed assets | 21/28 | €20,275 | €16,025 | -€4,250 | -21.0% |
| Tangible fixed assets | 22/27 | €20,275 | €16,025 | -€4,250 | -21.0% |
| Furniture and vehicles | 24 | €3,651 | €2,081 | -€1,570 | -43.0% |
| Other tangible fixed assets | 26 | €16,624 | €13,945 | -€2,680 | -16.1% |
| Current assets | 29/58 | €165,066 | €153,150 | -€11,915 | -7.2% |
| Amounts receivable within one year | 40/41 | €23,259 | €13,127 | -€10,132 | -43.6% |
| Trade receivables | 40 | €23,235 | €13,127 | -€10,108 | -43.5% |
| Other amounts receivable | 41 | €24 | - | -€24 | |
| Cash at bank and in hand | 54/58 | €140,583 | €138,597 | -€1,986 | -1.4% |
| Deferred charges and accrued income | 490/1 | €1,224 | €1,426 | +€202 | +16.5% |
| Total equity and liabilities | 10/49 | €185,341 | €169,175 | -€16,165 | -8.7% |
| Equity | 10/15 | €119,785 | €130,822 | +€11,037 | +9.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €108,360 | €118,360 | +€10,000 | +9.2% |
| Distributable reserves | 133 | €108,360 | €118,360 | +€10,000 | +9.2% |
| Profit (loss) carried forward | 14 | €5,225 | €6,262 | +€1,037 | +19.8% |
| Amounts payable | 17/49 | €65,556 | €38,353 | -€27,203 | -41.5% |
| Amounts payable within one year | 42/48 | €65,556 | €38,353 | -€27,203 | -41.5% |
| Trade debts | 44 | €4,425 | €3,325 | -€1,100 | -24.9% |
| Suppliers | 440/4 | €4,425 | €3,325 | -€1,100 | -24.9% |
| Taxes, remuneration and social security | 45 | €4,860 | €12,902 | +€8,042 | +165.5% |
| Taxes | 450/3 | €4,860 | €12,902 | +€8,042 | +165.5% |
| Other amounts payable | 47/48 | €56,271 | €22,127 | -€34,144 | -60.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,412 | €4,250 | -€162 | -3.7% |
| Other operating charges | 640/8 | €1,002 | €1,081 | +€79 | +7.9% |
| Gross operating margin | 9900 | €33,010 | €52,851 | +€19,841 | +60.1% |
| Operating profit (loss) | 9901 | €27,596 | €47,520 | +€19,924 | +72.2% |
| Financial income | 75/76B | €4 | €1 | -€3 | -81.2% |
| Recurring financial income | 75 | €4 | €1 | -€3 | -81.2% |
| Financial charges | 65/66B | €231 | €212 | -€18 | -8.0% |
| Recurring financial charges | 65 | €231 | €212 | -€18 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €27,369 | €47,309 | +€19,939 | +72.9% |
| Income taxes | 67/77 | €8,476 | €13,439 | +€4,963 | +58.6% |
| Profit (loss) for the period | 9904 | €18,893 | €33,870 | +€14,977 | +79.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,893 | €33,870 | +€14,977 | +79.3% |
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.