StephAnth: 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.
StephAnth
Largest movements
- Tangible fixed assets -€15,301
down €15,301 (-38.3%), from €39,967 to €24,666
of which Furniture and vehicles: -€11,013
- Cash -€4,941
down €4,941 (-44.6%), from €11,071 to €6,129
mainly Current portion of long-term debt (-€12,131) and Tax, wage and social debts (-€6,647)
- Receivables within one year -€2,224
down €2,224 (-28.9%), from €7,682 to €5,458
of which Trade receivables: -€2,916
- Deferred charges and accrued income -€2,214
down €2,214 (-37.9%), from €5,844 to €3,631
- Current portion of long-term debt -€12,131
down €12,131 (-87.9%), from €13,800 to €1,669
- Tax, wage and social debts -€6,647
down €6,647 (-63.4%), from €10,478 to €3,831
of which Remuneration and social security: -€5,886
- Trade debts -€3,301
down €3,301 (-9.8%), from €33,631 to €30,330
- Debts after one year -€2,464
down €2,464 (-6.4%), from €38,407 to €35,943
of which Other amounts payable: -€7,658
- Other debts -€1,389
down €1,389 (-0.9%), from €163,320 to €161,931
- Gross operating margin -€39,634
down €39,634 (-50.6%), from €78,304 to €38,670
- Staff costs -€36,696
down €36,696 (-77.6%), from €47,272 to €10,576
- Financial charges -€1,826
down €1,826 (-77.3%), from €2,362 to €535
- Depreciation -€1,164
down €1,164 (-5.9%), from €19,725 to €18,561
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 | €84,145 | €58,891 | -€25,254 | -30.0% |
| Fixed assets | 21/28 | €46,482 | €31,181 | -€15,301 | -32.9% |
| Tangible fixed assets | 22/27 | €39,967 | €24,666 | -€15,301 | -38.3% |
| Plant, machinery and equipment | 23 | €7,505 | €5,907 | -€1,597 | -21.3% |
| Furniture and vehicles | 24 | €29,327 | €18,314 | -€11,013 | -37.6% |
| Other tangible fixed assets | 26 | €3,136 | €445 | -€2,691 | -85.8% |
| Financial fixed assets | 28 | €6,515 | €6,515 | = | 0.0% |
| Current assets | 29/58 | €37,663 | €27,710 | -€9,953 | -26.4% |
| Stocks and contracts in progress | 3 | €13,067 | €12,492 | -€575 | -4.4% |
| Stocks | 30/36 | €13,067 | €12,492 | -€575 | -4.4% |
| Amounts receivable within one year | 40/41 | €7,682 | €5,458 | -€2,224 | -28.9% |
| Trade receivables | 40 | €5,489 | €2,573 | -€2,916 | -53.1% |
| Other amounts receivable | 41 | €2,193 | €2,885 | +€692 | +31.6% |
| Cash at bank and in hand | 54/58 | €11,071 | €6,129 | -€4,941 | -44.6% |
| Deferred charges and accrued income | 490/1 | €5,844 | €3,631 | -€2,214 | -37.9% |
| Total equity and liabilities | 10/49 | €84,145 | €58,891 | -€25,254 | -30.0% |
| Equity | 10/15 | -€175,701 | -€176,398 | -€697 | -0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,051 | €2,051 | = | 0.0% |
| Tax-exempt reserves | 132 | €191 | €191 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€196,352 | -€197,049 | -€697 | -0.4% |
| Amounts payable | 17/49 | €259,846 | €235,289 | -€24,557 | -9.5% |
| Amounts payable after more than one year | 17 | €38,407 | €35,943 | -€2,464 | -6.4% |
| Financial debts | 170/4 | €0 | €5,194 | +€5,194 | |
| Other amounts payable | 178/9 | €38,407 | €30,749 | -€7,658 | -19.9% |
| Amounts payable within one year | 42/48 | €221,229 | €198,573 | -€22,657 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €13,800 | €1,669 | -€12,131 | -87.9% |
| Trade debts | 44 | €33,631 | €30,330 | -€3,301 | -9.8% |
| Suppliers | 440/4 | €33,631 | €30,330 | -€3,301 | -9.8% |
| Advances received on contracts in progress | 46 | - | €811 | +€811 | |
| Taxes, remuneration and social security | 45 | €10,478 | €3,831 | -€6,647 | -63.4% |
| Taxes | 450/3 | €1,749 | €988 | -€761 | -43.5% |
| Remuneration and social security | 454/9 | €8,729 | €2,843 | -€5,886 | -67.4% |
| Other amounts payable | 47/48 | €163,320 | €161,931 | -€1,389 | -0.9% |
| Accrued charges and deferred income | 492/3 | €210 | €774 | +€564 | +268.8% |
| Remuneration, social security and pensions | 62 | €47,272 | €10,576 | -€36,696 | -77.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,725 | €18,561 | -€1,164 | -5.9% |
| Other operating charges | 640/8 | €9,225 | €9,563 | +€338 | +3.7% |
| Non-recurring operating charges | 66A | €5 | €0 | -€5 | -100.0% |
| Gross operating margin | 9900 | €78,304 | €38,670 | -€39,634 | -50.6% |
| Operating profit (loss) | 9901 | €2,076 | -€30 | -€2,106 | |
| Financial income | 75/76B | €197 | €0 | -€197 | -100.0% |
| Recurring financial income | 75 | €197 | €0 | -€197 | -100.0% |
| Financial charges | 65/66B | €2,362 | €535 | -€1,826 | -77.3% |
| Recurring financial charges | 65 | €2,362 | €535 | -€1,826 | -77.3% |
| Profit (loss) for the period before taxes | 9903 | -€89 | -€565 | -€476 | -534.1% |
| Income taxes | 67/77 | €140 | €132 | -€8 | -6.0% |
| Profit (loss) for the period | 9904 | -€230 | -€697 | -€467 | -203.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€230 | -€697 | -€467 | -203.6% |
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 29 September 2026 via checked.be.