Stenthor Consulting: 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.
Stenthor Consulting
Largest movements
- Cash +€44,211
up €44,211 (+37.1%), from €119,206 to €163,417
mainly Net result for the year (+€47,211) and Other debts (+€35,094)
- Tangible fixed assets -€9,651
down €9,651 (-14.2%), from €67,833 to €58,182
of which Other tangible fixed assets: -€7,033
- Receivables within one year -€4,112
down €4,112 (-18.8%), from €21,893 to €17,781
of which Trade receivables: -€2,209
- Deferred charges and accrued income -€2,633
down €2,633 (-38.3%), from €6,883 to €4,250
- Other debts +€35,094
up €35,094 (+1,751%), from €2,004 to €37,099
- Reserves -€12,544
down €12,544 (-6.2%), from €203,951 to €191,407
- Tax, wage and social debts +€3,886
up €3,886 (+40.9%), from €9,512 to €13,399
- Gross operating margin -€4,112
down €4,112 (-5.0%), from €81,900 to €77,788
- Taxes -€1,476
down €1,476 (-7.0%), from €21,097 to €19,621
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.
Derived cash bridge
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 | €215,815 | €243,630 | +€27,816 | +12.9% |
| Fixed assets | 21/28 | €67,833 | €58,182 | -€9,651 | -14.2% |
| Tangible fixed assets | 22/27 | €67,833 | €58,182 | -€9,651 | -14.2% |
| Land and buildings | 22 | €1,847 | €1,493 | -€353 | -19.1% |
| Plant, machinery and equipment | 23 | €357 | €59 | -€298 | -83.5% |
| Furniture and vehicles | 24 | €4,340 | €2,374 | -€1,966 | -45.3% |
| Other tangible fixed assets | 26 | €61,289 | €54,256 | -€7,033 | -11.5% |
| Current assets | 29/58 | €147,982 | €185,448 | +€37,467 | +25.3% |
| Amounts receivable within one year | 40/41 | €21,893 | €17,781 | -€4,112 | -18.8% |
| Trade receivables | 40 | €19,990 | €17,781 | -€2,209 | -11.1% |
| Other amounts receivable | 41 | €1,903 | €0 | -€1,903 | -100% |
| Cash at bank and in hand | 54/58 | €119,206 | €163,417 | +€44,211 | +37.1% |
| Deferred charges and accrued income | 490/1 | €6,883 | €4,250 | -€2,633 | -38.3% |
| Total equity and liabilities | 10/49 | €215,815 | €243,630 | +€27,816 | +12.9% |
| Equity | 10/15 | €203,951 | €191,407 | -€12,544 | -6.2% |
| Reserves | 13 | €203,951 | €191,407 | -€12,544 | -6.2% |
| Distributable reserves | 133 | €203,951 | €191,407 | -€12,544 | -6.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €11,863 | €52,223 | +€40,360 | +340% |
| Amounts payable within one year | 42/48 | €11,863 | €52,223 | +€40,360 | +340% |
| Financial debts | 43 | - | €1,221 | +€1,221 | |
| Credit institutions | 430/8 | - | €1,221 | +€1,221 | |
| Trade debts | 44 | €347 | €505 | +€158 | +45.7% |
| Suppliers | 440/4 | €347 | €505 | +€158 | +45.7% |
| Taxes, remuneration and social security | 45 | €9,512 | €13,399 | +€3,886 | +40.9% |
| Taxes | 450/3 | €9,512 | €13,399 | +€3,886 | +40.9% |
| Other amounts payable | 47/48 | €2,004 | €37,099 | +€35,094 | +1,751% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,056 | €9,651 | -€405 | -4.0% |
| Other operating charges | 640/8 | €948 | €915 | -€34 | -3.5% |
| Gross operating margin | 9900 | €81,900 | €77,788 | -€4,112 | -5.0% |
| Operating profit (loss) | 9901 | €70,896 | €67,223 | -€3,673 | -5.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €987 | €390 | -€597 | -60.5% |
| Recurring financial charges | 65 | €987 | €390 | -€597 | -60.5% |
| Profit (loss) for the period before taxes | 9903 | €69,909 | €66,832 | -€3,076 | -4.4% |
| Income taxes | 67/77 | €21,097 | €19,621 | -€1,476 | -7.0% |
| Profit (loss) for the period | 9904 | €48,811 | €47,211 | -€1,600 | -3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €48,811 | €47,211 | -€1,600 | -3.3% |
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 18 October 2026 via checked.be.