STENITRA: 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.
STENITRA
Largest movements
- Tangible fixed assets -€56,036
down €56,036 (-10.3%), from €543,529 to €487,493
of which Furniture and vehicles: -€40,885
- Receivables within one year +€50,043
up €50,043 (+25.4%), from €197,059 to €247,102
of which Other amounts receivable: +€39,137
- Cash -€27,294
down €27,294 (-61.2%), from €44,604 to €17,310
mainly Receivables within one year (-€50,043) and Debts after one year (-€23,040)
- Debts after one year -€23,040
down €23,040 (-45.5%), from €50,632 to €27,592
- Current portion of long-term debt -€18,510
no longer reported in 2025 (was €18,510)
- Depreciation -€15,847
down €15,847 (-43.4%), from €36,505 to €20,658
- Gross operating margin +€7,985
up €7,985 (+21.9%), from €36,533 to €44,518
- Taxes +€7,129
up €7,129 (+670.0%), from €1,064 to €8,193
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 | €806,325 | €772,978 | -€33,347 | -4.1% |
| Fixed assets | 21/28 | €552,529 | €496,493 | -€56,036 | -10.1% |
| Tangible fixed assets | 22/27 | €543,529 | €487,493 | -€56,036 | -10.3% |
| Land and buildings | 22 | €228,093 | €219,813 | -€8,280 | -3.6% |
| Plant, machinery and equipment | 23 | €1,861 | €1,619 | -€242 | -13.0% |
| Furniture and vehicles | 24 | €60,103 | €19,218 | -€40,885 | -68.0% |
| Other tangible fixed assets | 26 | €253,472 | €246,843 | -€6,629 | -2.6% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €253,796 | €276,485 | +€22,689 | +8.9% |
| Amounts receivable within one year | 40/41 | €197,059 | €247,102 | +€50,043 | +25.4% |
| Trade receivables | 40 | €12,217 | €23,123 | +€10,906 | +89.3% |
| Other amounts receivable | 41 | €184,842 | €223,979 | +€39,137 | +21.2% |
| Cash at bank and in hand | 54/58 | €44,604 | €17,310 | -€27,294 | -61.2% |
| Deferred charges and accrued income | 490/1 | €12,133 | €12,073 | -€60 | -0.5% |
| Total equity and liabilities | 10/49 | €806,325 | €772,978 | -€33,347 | -4.1% |
| Equity | 10/15 | €672,298 | €680,345 | +€8,047 | +1.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €352,321 | €360,146 | +€7,825 | +2.2% |
| Tax-exempt reserves | 132 | €143,609 | €137,934 | -€5,675 | -4.0% |
| Distributable reserves | 133 | €208,713 | €222,213 | +€13,500 | +6.5% |
| Profit (loss) carried forward | 14 | €301,384 | €301,606 | +€222 | +0.1% |
| Provisions and deferred taxes | 16 | €47,870 | €45,978 | -€1,892 | -4.0% |
| Deferred taxes | 168 | €47,870 | €45,978 | -€1,892 | -4.0% |
| Amounts payable | 17/49 | €86,157 | €46,655 | -€39,502 | -45.8% |
| Amounts payable after more than one year | 17 | €50,632 | €27,592 | -€23,040 | -45.5% |
| Financial debts | 170/4 | €50,632 | €27,592 | -€23,040 | -45.5% |
| Amounts payable within one year | 42/48 | €34,409 | €17,948 | -€16,462 | -47.8% |
| Current portion of amounts payable after more than one year | 42 | €18,510 | - | -€18,510 | |
| Trade debts | 44 | €2,449 | €3,055 | +€606 | +24.8% |
| Suppliers | 440/4 | €2,449 | €3,055 | +€606 | +24.8% |
| Taxes, remuneration and social security | 45 | €462 | €3,575 | +€3,113 | +674.2% |
| Taxes | 450/3 | €462 | €3,575 | +€3,113 | +674.2% |
| Other amounts payable | 47/48 | €12,990 | €11,318 | -€1,672 | -12.9% |
| Accrued charges and deferred income | 492/3 | €1,116 | €1,116 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,505 | €20,658 | -€15,847 | -43.4% |
| Other operating charges | 640/8 | €3,220 | €3,242 | +€22 | +0.7% |
| Non-recurring operating charges | 66A | €4,726 | €7,911 | +€3,184 | +67.4% |
| Gross operating margin | 9900 | €36,533 | €44,518 | +€7,985 | +21.9% |
| Operating profit (loss) | 9901 | -€7,919 | €12,707 | +€20,626 | |
| Financial income | 75/76B | €2,983 | €2,970 | -€14 | -0.5% |
| Recurring financial income | 75 | €2,983 | €2,970 | -€14 | -0.5% |
| Financial charges | 65/66B | €1,423 | €1,328 | -€94 | -6.6% |
| Recurring financial charges | 65 | €1,423 | €1,328 | -€94 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,358 | €14,349 | +€20,707 | |
| Transfer from deferred taxes | 780 | €1,892 | €1,892 | = | 0.0% |
| Income taxes | 67/77 | €1,064 | €8,193 | +€7,129 | +670.0% |
| Profit (loss) for the period | 9904 | -€5,531 | €8,047 | +€13,578 | |
| Transfer from tax-exempt reserves | 789 | €5,675 | €5,675 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €144 | €13,722 | +€13,578 | +9400.8% |
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.