STEPHANANDRA: 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.
STEPHANANDRA
Largest movements
- Cash +€32,267
up €32,267 (+35852.2%), from €90 to €32,357
mainly Net result for the year (+€24,812) and Receivables within one year (+€17,570)
- Tangible fixed assets -€19,559
down €19,559 (-62.3%), from €31,419 to €11,860
of which Furniture and vehicles: -€18,221
- Receivables within one year -€17,570
down €17,570 (-17.3%), from €101,619 to €84,049
of which Other amounts receivable: -€20,327
- Profit (loss) carried forward +€19,812
up €19,812 (+23.4%), from €84,720 to €104,532
- Contributions -€17,600
down €17,600 (-94.6%), from €18,600 to €1,000
- Current portion of long-term debt -€4,403
down €4,403 (-49.7%), from €8,867 to €4,464
- Short-term financial debts -€3,359
no longer reported in 2025 (was €3,359)
- Debts after one year -€3,264
no longer reported in 2025 (was €3,264)
- Gross operating margin +€40,056
up €40,056 (+88.0%), from €45,521 to €85,577
- Purchases and services -€38,316
down €38,316 (-39.5%), from €97,061 to €58,745
- Staff costs +€19,841
up €19,841 (+136.1%), from €14,576 to €34,417
- Other operating charges +€13,621
new in 2025: €13,621
- Depreciation -€3,934
down €3,934 (-39.3%), from €10,002 to €6,068
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 | €133,283 | €128,421 | -€4,862 | -3.6% |
| Fixed assets | 21/28 | €31,574 | €12,015 | -€19,559 | -61.9% |
| Tangible fixed assets | 22/27 | €31,419 | €11,860 | -€19,559 | -62.3% |
| Land and buildings | 22 | €6,006 | €5,333 | -€673 | -11.2% |
| Plant, machinery and equipment | 23 | €1,594 | €929 | -€665 | -41.7% |
| Furniture and vehicles | 24 | €23,819 | €5,598 | -€18,221 | -76.5% |
| Financial fixed assets | 28 | €155 | €155 | = | 0.0% |
| Current assets | 29/58 | €101,709 | €116,406 | +€14,697 | +14.5% |
| Amounts receivable within one year | 40/41 | €101,619 | €84,049 | -€17,570 | -17.3% |
| Trade receivables | 40 | €4,068 | €6,825 | +€2,757 | +67.8% |
| Other amounts receivable | 41 | €97,551 | €77,224 | -€20,327 | -20.8% |
| Cash at bank and in hand | 54/58 | €90 | €32,357 | +€32,267 | +35852.2% |
| Total equity and liabilities | 10/49 | €133,283 | €128,421 | -€4,862 | -3.6% |
| Equity | 10/15 | €110,180 | €115,532 | +€5,352 | +4.9% |
| Contributions | 10/11 | €18,600 | €1,000 | -€17,600 | -94.6% |
| Outside capital | 11 | - | €1,000 | +€1,000 | |
| Other | 1109/19 | - | €1,000 | +€1,000 | |
| Reserves | 13 | €6,860 | €10,000 | +€3,140 | +45.8% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €5,000 | €10,000 | +€5,000 | +100.0% |
| Profit (loss) carried forward | 14 | €84,720 | €104,532 | +€19,812 | +23.4% |
| Amounts payable | 17/49 | €23,103 | €12,889 | -€10,214 | -44.2% |
| Amounts payable after more than one year | 17 | €3,264 | - | -€3,264 | |
| Financial debts | 170/4 | €3,264 | - | -€3,264 | |
| Amounts payable within one year | 42/48 | €19,839 | €12,889 | -€6,950 | -35.0% |
| Current portion of amounts payable after more than one year | 42 | €8,867 | €4,464 | -€4,403 | -49.7% |
| Financial debts | 43 | €3,359 | - | -€3,359 | |
| Credit institutions | 430/8 | €3,359 | - | -€3,359 | |
| Trade debts | 44 | €1,047 | €472 | -€575 | -54.9% |
| Suppliers | 440/4 | €1,047 | €472 | -€575 | -54.9% |
| Taxes, remuneration and social security | 45 | €6,566 | €7,953 | +€1,387 | +21.1% |
| Taxes | 450/3 | €5,525 | €3,930 | -€1,595 | -28.9% |
| Remuneration and social security | 454/9 | €1,041 | €4,023 | +€2,982 | +286.5% |
| Turnover | 70 | €142,582 | €144,321 | +€1,739 | +1.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €97,061 | €58,745 | -€38,316 | -39.5% |
| Remuneration, social security and pensions | 62 | €14,576 | €34,417 | +€19,841 | +136.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,002 | €6,068 | -€3,934 | -39.3% |
| Other operating charges | 640/8 | - | €13,621 | +€13,621 | |
| Gross operating margin | 9900 | €45,521 | €85,577 | +€40,056 | +88.0% |
| Operating profit (loss) | 9901 | €20,943 | €31,471 | +€10,528 | +50.3% |
| Financial income | 75/76B | €10 | €88 | +€78 | +780.0% |
| Recurring financial income | 75 | €10 | €88 | +€78 | +780.0% |
| Financial charges | 65/66B | €2,176 | €1,747 | -€429 | -19.7% |
| Recurring financial charges | 65 | €2,176 | €1,747 | -€429 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €18,777 | €29,812 | +€11,035 | +58.8% |
| Income taxes | 67/77 | €3,770 | €5,000 | +€1,230 | +32.6% |
| Profit (loss) for the period | 9904 | €15,007 | €24,812 | +€9,805 | +65.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,007 | €24,812 | +€9,805 | +65.3% |
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 1 October 2026 via checked.be.