STENO: 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.
STENO
Largest movements
- Receivables after one year -€58,000
down €58,000 (-40.0%), from €145,000 to €87,000
- Cash +€20,497
up €20,497 (+15.0%), from €136,658 to €157,155
mainly Other debts (+€152,478) and Receivables after one year (+€58,000)
- Receivables within one year +€6,667
up €6,667 (+3.9%), from €169,205 to €175,873
of which Trade receivables: +€5,849
- Reserves -€184,779
down €184,779 (-55.0%), from €336,008 to €151,229
- Other debts +€152,478
up €152,478 (+198.0%), from €77,002 to €229,480
- Gross operating margin -€33,096
down €33,096 (-43.1%), from €76,748 to €43,652
- Taxes -€10,191
down €10,191 (-40.2%), from €25,340 to €15,149
- Depreciation -€1,214
down €1,214 (-63.2%), from €1,920 to €706
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 | €454,860 | €422,366 | -€32,494 | -7.1% |
| Fixed assets | 21/28 | €802 | €96 | -€706 | -88.0% |
| Tangible fixed assets | 22/27 | €706 | €0 | -€706 | -100.0% |
| Furniture and vehicles | 24 | €706 | €0 | -€706 | -100.0% |
| Financial fixed assets | 28 | €96 | €96 | = | 0.0% |
| Current assets | 29/58 | €454,058 | €422,270 | -€31,788 | -7.0% |
| Amounts receivable after more than one year | 29 | €145,000 | €87,000 | -€58,000 | -40.0% |
| Other amounts receivable | 291 | €145,000 | €87,000 | -€58,000 | -40.0% |
| Amounts receivable within one year | 40/41 | €169,205 | €175,873 | +€6,667 | +3.9% |
| Trade receivables | 40 | €164,889 | €170,738 | +€5,849 | +3.5% |
| Other amounts receivable | 41 | €4,316 | €5,135 | +€819 | +19.0% |
| Cash at bank and in hand | 54/58 | €136,658 | €157,155 | +€20,497 | +15.0% |
| Deferred charges and accrued income | 490/1 | €3,194 | €2,243 | -€952 | -29.8% |
| Total equity and liabilities | 10/49 | €454,860 | €422,366 | -€32,494 | -7.1% |
| Equity | 10/15 | €371,008 | €186,229 | -€184,779 | -49.8% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €336,008 | €151,229 | -€184,779 | -55.0% |
| Distributable reserves | 133 | €336,008 | €151,229 | -€184,779 | -55.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €83,852 | €236,137 | +€152,285 | +181.6% |
| Amounts payable within one year | 42/48 | €83,808 | €236,137 | +€152,329 | +181.8% |
| Financial debts | 43 | - | €1 | +€1 | |
| Credit institutions | 430/8 | - | €1 | +€1 | |
| Trade debts | 44 | €588 | €293 | -€295 | -50.1% |
| Suppliers | 440/4 | €588 | €293 | -€295 | -50.1% |
| Taxes, remuneration and social security | 45 | €6,218 | €6,362 | +€145 | +2.3% |
| Taxes | 450/3 | €4,372 | €4,391 | +€20 | +0.4% |
| Remuneration and social security | 454/9 | €1,846 | €1,971 | +€125 | +6.8% |
| Other amounts payable | 47/48 | €77,002 | €229,480 | +€152,478 | +198.0% |
| Accrued charges and deferred income | 492/3 | €44 | €0 | -€44 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,920 | €706 | -€1,214 | -63.2% |
| Other operating charges | 640/8 | €592 | €601 | +€9 | +1.6% |
| Gross operating margin | 9900 | €76,748 | €43,652 | -€33,096 | -43.1% |
| Operating profit (loss) | 9901 | €74,236 | €42,345 | -€31,891 | -43.0% |
| Financial income | 75/76B | €3,638 | €3,467 | -€170 | -4.7% |
| Recurring financial income | 75 | €3,638 | €3,467 | -€170 | -4.7% |
| Financial charges | 65/66B | €1,018 | €1,179 | +€162 | +15.9% |
| Recurring financial charges | 65 | €1,018 | €1,179 | +€162 | +15.9% |
| Profit (loss) for the period before taxes | 9903 | €76,856 | €44,633 | -€32,223 | -41.9% |
| Income taxes | 67/77 | €25,340 | €15,149 | -€10,191 | -40.2% |
| Profit (loss) for the period | 9904 | €51,517 | €29,484 | -€22,032 | -42.8% |
| Profit (loss) for the period to be appropriated | 9905 | €51,517 | €29,484 | -€22,032 | -42.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.