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
- Deferred charges and accrued income +€6,243
up €6,243 (+15.1%), from €41,385 to €47,628
- Receivables within one year +€4,189
up €4,189 (+77.7%), from €5,392 to €9,581
- Tax, wage and social debts +€25,316
up €25,316 (+129.1%), from €19,606 to €44,922
- Profit (loss) carried forward -€10,543
new in 2025: -€10,543
- Other debts -€7,114
down €7,114 (-61.8%), from €11,509 to €4,396
- Trade debts +€2,117
up €2,117 (+10.5%), from €20,236 to €22,352
- Staff costs +€91,339
up €91,339 (+52.0%), from €175,807 to €267,146
- Gross operating margin +€73,860
up €73,860 (+40.2%), from €183,540 to €257,400
- Taxes -€2,609
no longer reported in 2025 (was €2,609)
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 | €67,799 | €77,575 | +€9,776 | +14.4% |
| Fixed assets | 21/28 | €8,919 | €8,320 | -€599 | -6.7% |
| Tangible fixed assets | 22/27 | €2,169 | €1,570 | -€599 | -27.6% |
| Plant, machinery and equipment | 23 | €981 | €781 | -€200 | -20.4% |
| Furniture and vehicles | 24 | €1,188 | €789 | -€399 | -33.6% |
| Financial fixed assets | 28 | €6,750 | €6,750 | = | 0.0% |
| Current assets | 29/58 | €58,879 | €69,255 | +€10,375 | +17.6% |
| Amounts receivable within one year | 40/41 | €5,392 | €9,581 | +€4,189 | +77.7% |
| Other amounts receivable | 41 | €5,392 | €9,581 | +€4,189 | +77.7% |
| Cash at bank and in hand | 54/58 | €12,102 | €12,046 | -€57 | -0.5% |
| Deferred charges and accrued income | 490/1 | €41,385 | €47,628 | +€6,243 | +15.1% |
| Total equity and liabilities | 10/49 | €67,799 | €77,575 | +€9,776 | +14.4% |
| Equity | 10/15 | €16,448 | €5,905 | -€10,543 | -64.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €6,448 | €6,448 | = | 0.0% |
| Distributable reserves | 133 | €6,448 | €6,448 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€10,543 | -€10,543 | |
| Amounts payable | 17/49 | €51,351 | €71,670 | +€20,319 | +39.6% |
| Amounts payable within one year | 42/48 | €51,351 | €71,670 | +€20,319 | +39.6% |
| Trade debts | 44 | €20,236 | €22,352 | +€2,117 | +10.5% |
| Suppliers | 440/4 | €20,236 | €22,352 | +€2,117 | +10.5% |
| Taxes, remuneration and social security | 45 | €19,606 | €44,922 | +€25,316 | +129.1% |
| Remuneration and social security | 454/9 | €19,606 | €44,922 | +€25,316 | +129.1% |
| Other amounts payable | 47/48 | €11,509 | €4,396 | -€7,114 | -61.8% |
| Remuneration, social security and pensions | 62 | €175,807 | €267,146 | +€91,339 | +52.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28 | €599 | +€571 | +2052.7% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | €183,540 | €257,400 | +€73,860 | +40.2% |
| Operating profit (loss) | 9901 | €7,579 | -€10,473 | -€18,052 | |
| Financial income | 75/76B | €1 | €57 | +€56 | +7209.0% |
| Recurring financial income | 75 | €1 | €57 | +€56 | +7209.0% |
| Financial charges | 65/66B | €58 | €127 | +€69 | +120.1% |
| Recurring financial charges | 65 | €58 | €127 | +€69 | +120.1% |
| Profit (loss) for the period before taxes | 9903 | €7,522 | -€10,543 | -€18,065 | |
| Income taxes | 67/77 | €2,609 | - | -€2,609 | |
| Profit (loss) for the period | 9904 | €4,914 | -€10,543 | -€15,457 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,914 | -€10,543 | -€15,457 |
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 7 October 2026 via checked.be.